Laggin even on low settings?

[Guyton]

Recently I had to switch over to another computer and reformatted its hard drive. Once I installed my directx and video card drivers I installed freelancer. Since then I've been lagging like crazy all ingame, but I've noticed it takes a long time for this hard drive to do even the most simple tasks, I believe it might be to old. The problem with my other hard drive is during a reformat I lost power to the computer. From there every time I placed my Windows Xp CD into the computer to reformat, the installation reads there is no CD in the hard drive(Windows 98, 2000, Xp, etc). I really need to get my other computer up and running this computer is driving me nuts, I can't even play freelancer on the lowest settings without lagging up.

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Discovery Freelancer [9.5 Years]