Until recently I used to drive in the cockpit view almost exclusively, but in FH4 I switched to chase cam, and that became my preferred view for that game. Motorsport and similar games I still play mostly in cockpit. I usually can perform better in cockpit, and better still when using the bonnet cam, but that depends on what I'm doing. Racing, sure, but drifting? Probably not. Just driving around is most enjoyable in the third person perspective (depending on the implementation), but you don't get to just drive around in most racing games.