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you would be buying a car with an electric motor installed and some wiring done, from what I've been told about the 500 amp controllers they can cut out when you are asking for that amazing torque that electric motors can give, my 1,400lb electric car can draw over 500 amps at 48 volts while pulling away from a stop sign, so your controller will need an upgrade, battery and motor cables might need an upgrade to, you already said that you need new batteries, deep cycle traction batteries are what you want, something like Trojan T105 (6 volt, 210amp hour deep cycle golf cart batteries), but before you buy this car check out web sites that sell electric car kits to get an idea of what you are buying, compared to what you could do with an off the shelf kit, $5,000 seems high, $2,000 seems more reasonable if you can drive it home, if you have to tow it then $1,000 if the car is in good shape, if it was a beater then it's worth what a beater is worth.
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