The look and feel of your demo would make for a great remake of Amiga Skidmarks or Micro Machines ...

* EDIT
I tend to get lots of polygon clashing/fighting going on especially if I change to cameras 2,3, and 4. It seems as though the mirrored floor is battling with everything else.
A selection of screen grabs to clarify things:
* EDIT
I tend to get lots of polygon clashing/fighting going on especially if I change to cameras 2,3, and 4. It seems as though the mirrored floor is battling with everything else.
A selection of screen grabs to clarify things: