Looking for a Wheel

As of January 2016, much of the table below is obsolete This is mainly because the Playstation 4 and the Xbox One are compatible with very few wheels. What follows is a quick and dirty guide to the most relevant wheels currently on the market.

Playstation 4

The cheapest compatible wheel worth buying is the Thrustmaster T150. The best balance of price and performance are the Logitech G29 (basically a G27 with more buttons and a better brake pedal) and the Thrustmaster T300. The G29 is slightly cheaper, has more buttons and only requires a shifter for a full 3-pedal setup. The T300 has slightly better force feedback and has access to all of Thrustmaster's high-end accessories (Logitech pedals are compatible too, with a €10 adapter from Thrustmaster). Take your pick.

Xbox One

Similar story as with the Playstation 4: your main choices are the Logitech G920 and the Thrustmaster TX. The G920 has fewer buttons than the G29 (but still more than a G27) but otherwise the differentiating points are the same.

Compatible with both

Not easily done, I'm afraid. Your only options are Fanatec's Clubsport V2 (extremely expensive) or buying one of the Thrustmaster wheels, plus the base of the other (e.g.: buy a T300 set + a TX base). All of Thrustmaster's accessories are compatible with both bases.

PC

All of the above-mentioned wheels are compatible with PCs. The only one to avoid if you're buying exclusively for the PC is the G920: the G29 has more buttons and no additional drawbacks (unless you really don't like the Playstation logo). The table below still largely holds true for the PC, though some products are no longer available.

Simple Complete Wheel Packages
Wheel	Price (US$)	The Good	The Bad
Logitech Driving Force GT	150	Cheap, Lots of Buttons	No clutch or H-Shifter, Poor pedals
Logitech G27	250-300	Consumer Standard, Freely mountable H-Shifter, Many aftermarket mods	Cheaper build quality, Getting old
Fanatec Porsche 911 GT3 RS V2 Value Pack XL	260	Excellent build quality, Load cell brake	Iffy drivers and compatibility, Shifters mount only to wheel, Questionable customer service
Thrustmaster T500RS	600	Incredible FFB and build quality, Heavy duty, All metal pedals, Many aftermarket mods	Expensive as shit, No H-Shifter
Have an Xbox 360?
Wheel	Price (US$)	The Good	The Bad
Fanatec Forza Motorsport CSR	200	A differently looking Fanatec Porsche GT3 wheel	Cheap, plastic rim (partially)
Fanatec Porsche 911 GT2	250	Luxurious look and feel	More expensive than GT3
Fanatec Forza Motorsport CSR Elite	540	A slighty modified Clubsport base on your 360	Expensive as shit
Mix and Match?
Item	Price (US$)	The Good	The Bad
Fanatec Porsche 911 GT3 RS V2	180	Smooth FFB, Luxurious feel and high build quality	A bit gaudy, Plastic buttons
Fanatec Forza Motorsport CSR	200	A differently looking Fanatec Porsche GT3 wheel	Cheap, plastic rim (Partially)
Fanatec Clubsport Wheel Base	450	Incredible quality, Interchangeable rims	Expensive as shit, Rims sold separately
Fanatec CSR pedals	80	Adjustable, invertable, Aluminum finish	Uses springs, No USB - only compatible with Fanatec wheels
Fanatec CSR Elite Pedals	150	Adjustable, invertable, Load Cell brake	Plastic base, unrealistic clutch
Fanatec Clubsport Pedals	250	Heavy duty all metal design, Load Cell brake, realistic clutch, Adjustable, Invertable	Expensive as shit
Fanatec Porsche Shifter Set	30	Cheap	Break easily, Only mount to Fanatec wheels, Plastic
Fanatec CSR Shifter Set	60	Affordable, Aluminum handles	Cheap plastic base, Only mount to Fanatec wheels
Thrustmaster TH8RS Gearbox	150	Sturdy robust design, Interchangeable sequential/H-Shifter plates	Expensive, Requires an additional USB port