gonna give the tyres another coat tomoz then i can have a test drive and set the steering up before i begin the body.(more help will probably be required). 
If you can resist it, don't run the car outside until you finish the body, so you can enjoy a minty fresh build car... And then thrash it!
Plenty of tips on the site for painting the body. Here's a summary...
1. There is a clear overspray film over the body. This is why the body looks slightly cloudy. Remember to remove this film after you cut and spray, but before you put the decals on!
2. It doesn't really matter if you paint first then cut, or cut first then paint. But if you paint first, you have to be careful when cutting to not damage the paint, so I recommend cut first, then paint.
3. Use paint for polycarbonate, not normal model paint. Eg, Tamiya PS spray.
4. When painting, don't try to paint it in one thick coat. Use several thin coats, especially when painting with metallics. Wait 15 mins between coats. If you spray too much on at once, the paint will run and look ugly. The rear wing is tricky to paint, it will take many careful coats to get the paint into the sides of the rear wing.
5. When cutting out the body, there are couple of techniques... You can use a combination of the two. Small sharp scissors are the best approach around the complicated front of the body.
* Sharp scissors. Using large scissors for the stragiht bits, and curved polycarbonate scissors for the more intricate bits
* Hobby blade/exacto blade/scalpel. Scribe once along the line you want to cut on the outside of the body, then bend the polycarbonate back and forth until it can be snapped or torn off. This requires a steady hand, but gives great results.
6. Holes for body posts and the antenna are best cut with a polycarbanate body hole reamer or hand drill. use a needle to mark the center of the hole before you start.
Hot Shot decals are not difficult to put on, but note that the '4WD' decal on the rear wing is traditionally off-centre. Make sure to press the wing decal into the detail of the wing as you lay the decal down, to avoid a gap being left under the decal where dirt will get in.
If all else fails, you can buy a pre-finished Hot Shot body!

out of curiosity how did you manage to fit the 4AA battery cradle in the old days.(if needed) as there is hardly any room in the radio compartment? 
The Hot Shot was one of the first Tamiya cars that required BEC. You could not run the car with the 4 AA receiver battery pack. It came with a BEC voltage regulator unit to power the receiver directly from the mechanical speed controller (even a non-BEC receiver). You snipped the plug off the battery back and twisted that onto the regulator wires.
- James