GameWire has released a review of NASCAR 3. They gave the game an overall rating of 9.75. Here is an excerpt:
NASCAR 3 has been through many changes, from using the GPL engine (which will be included in a later game) to having its name change back and forth many times. Papyrus (Papy) finally decided to mix the NASCAR 2/99 physics engine with some of the GPL graphics. The smoke is greatly increased, and the AI (artificial intelligence) is almost on par with Grand Prix Legends’.