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03 YZ450F capable/competitive?

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I am considering some newer bikes that cost a little more than I should spend. This 03 YZ450F is well within my price range(around $2,000), and the newer ones range from 06-08 Hondas and Yamahas($3,000-$4,000). I am looking for something that will at least not hold me back in most types of riding, including racing mx 5 to 10 times each year. Will the 03 put me at a significant disadvantage when racing? Should I go with the 03 and consider my leftover savings as repair/upgrade money, or spend all my savings and then some and go with a newer bike? Thanks for any advice/opinions...

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