Cheat mode:
At the Press Start screen, press L + R, C-Left, C-Right, L + R. Then at the mode selection screen, press Start, hold Z and press L.
Bonus Cars:
At the Press Start screen, press L + R, C-Left, C-Right, L + R. Then at the Options screen, hold Z and press L.
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V-Rally Edition ´99 Cheats, Codes & Walkthrough/Guide/FAQ for Nintendo 64 from Cheat Code Central
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V-Rally Edition ´99 Cheats at CheatingDome.com.