G27 wheel with pedals and shifter for $250 or Galaxy S3 for $250? I don't use my phone that much, but I want a new one since mine is an entry level android phone. I do play racing games alot though and have been wanting the wheel for a while.
Logitech wheels are nice, but my previous G25 got shorted and died.
I'd say, get the G27. Then later you can buy one of the more affordable, but decent phone like the Moto G or the Asus Zenfone 5 that is just introduced.