As other users already said, there are diferent options nowadays based on the level of reality you want to get. The best of this, almost everything can be upgraded.
I will recommend to start with videoconsole option, a simrig, single monitor and a not expensive wheel unit (G29, T-300, etc.).
Try it, get used to it, play online tournaments, improve yourself, etc. If you like it, you will be able to upgrade almost everything and sell the material to get some money refunds without problems.
Br,
MrZogs
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