There's no visual indication of it (other than being given a meatball flag) but iRacing does simulate coolant/oil leaks after crashes which can then also be repaired during pit stops
We don't do discounts on Black Friday or other strange capitalist events.
We think the license is very good value, the price of one third of a tank of petrol, or 20 minutes of karting, then you can have updates for as long as LFS continues to be developed.