Start a normal race and pause the game at any time. Go down to 'race statistics' and simultaneously press L1, L2, R1, R2, Select, X, Circle. This should bring up a cheat menu.
Extra Car Options:
Just Begin a race and press Start to pause .Select the option,"Race Statistics," and then press and hold:L1 + L2 + R1 + R2 + X + Circle simultaneously. This should bring up a new menu full of car options you can adjust to modify your car to improve your racing ability
Different Colored Cars:
Start a new race and select Begin Career. At the Registration screen enter:
GO BEARS! -- for stock cars
GO BRUINS! -- for indy cars
Now check out the car selection screen.....
Infinite Fuel801eb3a83cf8 801eca8c3732 801e01940040 801e019c0040 Qualify in 1st801eb35ca36d 801eb360c9ae 801eb3740111
Thanks to Revolution readers Christopher Jones, Robert Aronson and Rick Adams!