The game includes a variety of gameplay features, namely banger racing and demolition derby. The racing gameplay follows the same fundamental rules as most modern racing games, such as Need for Speed or Gran Turismo. The player controls a car in a race or demolition derby, the goal being to win the race or be the sole survivor of the derby respectively. Before participating in an event, the player is allowed to choose a vehicle, select from a variety of assist levels (whether to use a manual or automatic transmission, ABS, AI difficulty, etc.). Players are also able to buy and sell vehicles, customise vehicles, and perform upgrades.[5] The game features three modes: career, multiplayer and custom events.
The races themselves focus heavily on "vehicular combat", where players have to find a balance between defensive tactics such as avoiding or blocking opponents and more aggressive tactics such as ramming opponents and shunting them into barriers to put them out of the race and earn points.[6] While Wreckfest's focus on physics and vehicular damage is similar to previous destruction-based racing games such as Criterion's Burnout, it follows a somewhat slower and more strategic approach,[6] resulting in a more traditional racing gameplay experience than in comparable games.[7]