Well, before you give up rFactor for good I'd advise you to give it another try by reinstalling it from scratch at first. Backup the old installation though first, if possible on a different disk drive.
Then - after having installed it - backup the user data and copy the old user data from the old installation to the freshly reinstalled version.
Then add mods as you see fit. Try it - I was there where you are now, but admittedly I had the advantage of running three different installations of rFactor. Thus I didn't have to begin from scratch.
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rF wins: 2 // rF runners-up: 3 // rF 3rd: 6 // rFactor disconnections: lost count... // rFactor overall car wrecks: *buffer overload*