That amount should get you a nice set of pedals, a comfortable racing wheel with a little immersion baked into the belt, and a solid rotation. If you're simply after a starter system, we'd recommend looking at PS5 steering wheels costing no more than $120-$150 / £120-£150.
Just like with the best PC controllers, a few of the best racing wheels for PC are compatible with the PS5 and PS4, so that's something to keep an eye on if you ever play across the two platforms. We've pulled together a list of our top setups down below, incorporating a range of price tags. The two have so often gone hand-in-hand, and getting a steering wheel only serves to make these experiences all the more special. Since Ridge Racer, the Burnout games, and of course, Gran Turismo, the racing game genre has been synonymous with PlayStation consoles.