To give you a serious answer (as someone who owns a mid-low tier FFB racing wheel - a Logitech Driving Force GT, to be precise), don't buy a racing wheel for Forza Horizon 3.
First of all, Forza Horizon is an incredibly arcade-y racer, and arguably using a wheel will just make you actively worse at the game. I bought my wheel to use with games like Dirt 3, Project CARS and Assetto Corsa. For those games, using a wheel is a transformative experience that genuinely makes playing the game more fun, and also helps you be a better driver. If you also play games like that, maybe consider a wheel.
Secondly, Forza Horizon 3 is one of the first Play Anywhere titles on PC, so steering wheel support isn't even guaranteed at this point (for your wheel). Now, with Forza 6 Apex they tested some of this already - that game launched with no wheel support and they have since patched in support for (some?) wheels. I have no idea which ones work at all, and which ones work well. Bad wheel support means you will spend more time fucking around with settings than actually using your wheel, and I'd be wary of Forza Horizon 3's support before launch, since basically nothing is actually known about the PC version right now. (I'm assuming you're on PC but if you're on console and they said it'll support the new Logitech wheels then ignore everything I've said in this point, I guess.)
Finally, if you really want a wheel still... Buy a wheel. But buy a proper one. $300 is probably enough budget to get yourself a nice Logitech G25/G27, even if you have to pick one up second hand. Now, I love my Driving Force GT but it's definitely lacking (no clutch/H-Shifter options, rubber finish instead of leather, plastic instead of metal pedals). If I could go back in time I'd save more money and get a G25 or G27, knowing what I know now. Obviously if you're made of money you can spend $500+ to get a ridiculous Thrustmaster setup with swappable wheels, but sod that. I would advocate avoiding the new range Logitech (G29) just released because generally they still seem inferior to the 25 and 27, even though they run about the same price.
Anyway, hopefully some of that helps. Godspeed.
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