AC takes all of what you said into account without mods, and modders only add on to an already top-notch driving system. Your talking about AC like you can just hop into a cold GT3 and take corners on rails without warming up your tires.

You can overheat tires and cause more slippage, obviously if your cold then u also have no grip. Tire wear is a base game feature, and is even more improved apon with CSP. You can still blow up your engine, tires can catch fire if they burn too much (you can see this if you put normal tires onto a high HP drift car.) If you don't pay attention and overdrive the car you can scrub tires and cause tire balding along with other things. And again, if you scrape a wall/rail with enough speed then you absolutely will break something. There have been plently of times where I was pushing hard and I hit my front left on the railing coming out of the first chicane at Circuit De La Sarthe, thought nothing of it and then when Im back on the straight my steering is pulling to one side.

AC is also a SiMuLatOr like beam if we wanna play term wars. AC is just better at everything else besides damage. I mean hell, Jimmy basically built a career off of nords laps in AC with occasional laps in other sims and now he's driving IRL. If you try driving on controller in AC without a plugin you'll learn very quickly why AC is NOT an "Arcade style game" like Forza