Good quality steering wheels for sim racing are normally not cheap, mainly due to them being made with high-quality materials and the use of complicated electronics. However, as more and more manufacturers enter the world of sim racing, prices are slowly coming down without losing quality.
Moza KS
The Moza KS is a formula-style wheel with rev lights, rotary encoders, dual clutches and a quick-release fitting. It's similar to the Fanatec Formula V2.5 and the Cube Controls F-Core regarding features and functionality.
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