GTR2 offers many different game modes - Championships, Single Races, Practice, 24hr Races, Time Trials and the Driving School. The Official Championships consist of the 2003 and 2004 FIA GT Championship series. However, unlike its predecessor, GTR2 offers smaller unlockable championships as well as the ability to create custom championships.

Another major addition to the game series is the inclusion of a driving school. This teaches the user racing techniques, and allows the user to practice them, unlocking rewards in the process.