You are right, the physics model can't replicate these cars. Forcing in this F1-life doesn't add any any value whatsoever to this game, other than luring in players to buy stuff. But it is all useless in game content. This devalues the VIP & seasonal rewards, where you used to be able to get liveries, gloves etc - this now includes furniture and stuff... This is not the SIMS for crying out loud.
If I want to drive supercars, I'll do that in another game (e.g. Assetto Corsa, Automobilsta 2).
Why not introduce and invest in F3 or another feeder series. Because your handling model for these supercars... Well, it sucks indeed! Maybe they should've stuck with the old f1 cars, that also ties in with "f1-life" and I guess it would have been executed a lot better with the engine they have now. The physics of these cars are totally unrealistic. Certainly with all the traction control and help those cars have IRL...
That coming from the studio that once delivered games like TOCA. These supercars drive nothing like a realistic modelling, and are way too complex too handle lol...