File is located \Grand Theft Auto IV\common\data folder. Handling.dat contains informations about vehicles. To modify these files, you could use Notepad already installed on your PC. IMPORTANT: backup your original (or already modified) files, as we said in the GTA 4 modding introduction. All these files are located in \Grand Theft Auto IV\common\data. If in the readme there are information on handling.dat, vehicles.ide, carcols.dat or others, you must follow next steps.
If there are information on handling.dat (or carcols.dat or similar files) follow next steps.