OK, so I had a stab at this last night, and thought I would report.
First attempt was not promising. I went for a local server, practice race, with no other lobby filters. There were about 5 other people in there, all of which had vastly superior cars, most of which were either doing donuts, driving the wrong way, or deliberately trying to smash into me. I was out of there quickly.
I then tried to go for a real race, and filtered the PP of the car to just over the maximum of the one I was driving (i was around 540, the PP limit was 600). There was one other person in there, who again, despite the PP limit seemed to have a massive performance gap to mine. I picked a simple track (an oval) to start with to see what was what, and on the straights the difference in straight line speed was immense. I'm not sure what was going on, but to my mind it should have been reasonably close. Again I wasn't after victory, just having a go.
I don't know what I was doing wrong, really- I looked for the 'daily' race you mentioned, but couldn't seem to find it.
Any thoughts on this? I'm not giving up just yet, I just need an experience to convince me to persist.
Edit- I should note that I'm not a newbie to racing games. Been playing them since the 90s. My weapons of choice more recently have been the F1 series, which I've been playing since the early PS4 era with no driver aids (except auto gears), and the Project Cars series, in which I find the AI nicely challenging. That said I don't use a wheel, and I'm not playing them every day (yay Fifa!).