The player of Hot Wheels: Beat That! has the opportunity to race 30 genuine Hot Wheels cars across 12 distinct tracks in a range of single-player and multiplayer modes. The game features a total of 30 actual Hot Wheels cars.
Players compete in races through enlarged environments, such as bedrooms and backyards, in a manner analogous to that of Micro Machines. During these races, players must avoid obstacles, knock out competitors, collect power-ups, and complete stunts while racing on a variety of tracks, such as the loop-de-loop. In addition to the regular races, there are also elimination races in which competitors shoot rockets at one another in an effort to eliminate the other participant from the competition.