My 450 cost me less than $4000 (not counting the beer that went into building the motor) with a pile of spares, including a spare petrol tank. I have no idea if it's competitive or not in F3 as I've never raced in that class, but I can tell you that I'll be saving a truck load of cash because the brakes are already fantastic (braided lines are standard), I haven't needed to do anything to the suspension (switching to full Ohlins would get better tyre life but the Kayaba front and rear tweaked are easily up to the job) etc. It's definitely a cheap way to get on track (provided you know someone who isn't a numb nuts when it comes to bolting engines together).
Zen wisdom: No matter what happens, somebody will find a way to take it too seriously. - obviously had KB in mind when he came up with that gem
Artificial intelligence is no match for natural stupidity
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