There are loads of setting's in the option menu for car handling, graphics, mechanical failure, fov, world movement in head cam, head cam shake etc... It's best to just play with them all until you find something comfortable..
Playing the game for years on PC, I just found it simple and set up my profile in minutes as I had to reset my profile pretty much every time I played on PC so sorta got used to where all the options where... If I get time. I'll try and knock up a guide to it all..
Beachboyken , steering assist will help if you cant control the steering as it simplifiers the steering, but I urge you to turn it off and learn to be good with a pad as eventually you'll get the hang of it. As with steering assist you'll never really learn to drive correctly as the game will be holding your hand too much..
Don't forget chaps, well psn users in any case. Lykan motorsports car dlc and more liveries dlc now up on psn store to download...