My favorite is Definitely my Lotus Elise 111R '04 RM. The body and rim color combo i have is enough but the way it handles is just icing on the cake. I also love my Merc 190 E 2.5 - 16 Evolution II '91 and 2000 Ford Falcon XR8 (Shall post pics later)
I only really race the 'Ring now, would have to go for the Lotus Elise 114 RM (with NM racing tune) and the CLK Touring Car (with Deutsche Rennen's tune). Worth the cost of the game alone.
for me
#1 my 788bhp R34 in black
#2 my matte black camaro rm just can't beat that v8 rumble with a hint of supercharger whine
#3 either the 700bhp supra or fully tuned mitibushi twin turb 3000 gt as this car is a bit of an underdog but can keep up with the R34 and supra with ease
ps my skyline on the right and we doing at that point about 235mph through the tunnel on ss7
Race cars:
Alfa Romeo TZ2 Zagato -- great look, sound, and drive
Ford Ford GT LM Race Car Spec II
Mazda RX-8 LeMans
Sauber Mercedes C9
Citroen GT race car
Street cars:
BMW M3 CSL ‘03
Ferrari 512BB ‘76
Ferrari F40 ‘92
Ginetta G4 ‘64
Mini Cooper 1.3i ‘98
Concept cars:
Mazda Furai (built with Courage LMP chassis)
Toyota FT-86 Sports Concept
Mitsubishi Kusabi
BMW Concept 1 Series tii ‘07
Dome DOME-ZERO Concept ‘78
Tough choice, I race my Gallardo alot or the McLaren F1. Coolest looking car I have is the Seven Fireblade, I've never raced it though but it's fun on the practise tracks
My cars
Nissan GT-R GT500 Stealth Model
Nissan Yellowhat YMS Tomica GT-R '08
Mitsubishi FTO Super Touring Car
BMW M3 GTR Race Car '01
Subaru Impreza Super Touring Car
Too many favourites to mention but my favourite car from today would be the new shape wrx hatch with all mods, it is such a beast feels incredibly fast and not even a hint of underster. Loving life driving it round the ring today.
Jag XJ13, Ferrari 458, California, MP4-12C, F2007, all tie for first place.
EDIT my new favorite car is the TVR Tuscan RM. Just so much balance but unlike other cars it makes you feel like your the driver which i dont feel in the others
I've done the basic engine mods (intake, exhaust, chip) and the transmission and driveline. Slapped some racing soft tyres on it. No weight reduction, turbos or anything like that. Awesome fun driving it.
It was the FGT. I have logged almost 5000 miles on one of them alone. Now it's the Ferrari F2007. Even though it's not as fast as the FGT, it handles so much better that my lap times are noticeably better. I only wish we could use the Ferrari F1 cars in all unrestricted races...