I used to race GT5 with a Logitech wheel and I remember balking at spending over £100 on a wheel, even though I could afford it. I’m fairly generous spending on others, but I’m a tight git when it comes to myself. Earlier this year I had major spine surgery and found myself able to use pedals again, so I finally bit the bullet and spent a few thousand on a new PS5, a PSVR2, a SimLab rig, a DD GT Pro 8Nm wheelbase and pedals, McLaren wheel, GT Omega seat, harness, 3D headset and proper haptic feedback (I have details if you’re interested).
This was a major purchase for me and I did not make it likely, but I had the funds by way of savings …I just took a long time to justify spending such an amount on myself.
The combined effect of the rig, seat, DD wheel, VR, pedals, harness and haptics is mind-blowing. It is, as someone else on this thread said, like having your own personal Star Trek holo-deck. VR and a basic wheel is better than no VR, just as a DD wheel is better than a belt-driven wheel. Or sitting in a proper rig with a race harness is better than using a wheel stand, and a proper telemetry-fed haptics set-up is better than a simple butt-kicker fed from the audio output. But when you combine the lot and do it properly, as I finally did earlier this year, the result is sublime and life-changing in some ways.
I used to race Rotax Max karts at national level, and that was my passion in life before my spine problems; now I can find a good chunk of that adrenaline and excitement back again without leaving my home. And if I could turn the clock back and face the same buying decision again, would I blow a few thousand of my savings on the whole shebang again? …absolutely, but I wouldn’t feel so hesitantly guilty this time; I’d do it all again in a heartbeat.
So in answer to your question, VR is probably the biggest priority purchase, then a DD wheel, then the rest, but if you are heading towards retirement and/or have the cash, and can afford a proper, complete 'holo-deck' without having to divert funds from more serious purchases like a home or food on the table (as you need to when bringing up a family), go for the whole package; don’t delay; do it properly …you won’t regret it.
And if you simply can’t afford it then worry not, get your priorities in order and use a PSVR2 with a hand-controller using the tilt-steering method. It’s not exactly the ultimate experience but at least it’s better than the kiddie's game that is, by comparison, flat-screen sim racing. I feel blessed to have got the use of my legs back again; I feel doubly blessed to live in a moment in history when I can experience the fun of racing cars (almost) for real in my own home. The 'whole package' represents total immersion and by God it’s friggin' awesome!