Player Leveling / Skill-based Handicap for private races?

Anyone know if there is a way to 'level up" less skilled players in private group races. I have IRL friends scattered around the country, and we frequently “hang out” on FM7. However, some are far less skilled than others. A couple of us are wondering if there is a way to make allowances for lesser skilled racers to make sure they don’t stop having fun.

I think it would be cool to have a handicap system where weaker drivers were allowed to to have a higher class car, or maybe just a higher performance index allowance. Sort of like sort of bowling but instead of boosting their score, they get better car options.