After staying out of Cup for several years, Finch purchased a number of Ford Tauruses from Bill Elliott Racing, and ran all of the 2001 schedule's restrictor plate races with Purvis driving the #51, only finishing one race. In 2002, the team picked up funding Miccosukee and switched to the #09. Driver Geoffrey Bodine had a third place finish in the Daytona 500, and later had a 2nd-place qualification at the Pepsi 400. Mike Wallace ran a limited schedule for Phoenix in 2003, and had two top-ten finishes. Scott Pruett and Buckshot Jones also ran one race deals for the team that season, during which they switched to Dodge. The team began 2004 with Joe Ruttman and Johnny Benson sharing the ride. Bobby Hamilton, Jr. then drove for six races during the middle of the season, before Wallace and Johnny Sauter returned to run the tail part of the season. Pruett and Tony Raines, also ran in one-off attempts in the car. Sauter drove ten races in the #09 in 2005, and had a ninth-place finish at Phoenix International Raceway. Late in the season, Bobby Hamilton and Reed Sorenson drove the 09 at Martinsville and Homestead, respectively.
Beginning in 2006, Phoenix abbreviated the 09's schedule even further, switching back and forth between Dodge and Ford. Mike Wallace ran just three races and failed to finish higher than seventeenth. Jeremy Mayfield ran the season-ending Ford 400, but did not finish due to an oil leak. Wallace had a fourth place finish in the 2007 Daytona 500, but the team did not qualify for another race until the final two races of the year, when Sterling Marlin drove. For 2008, Marlin will run approximately 10-12 races for Phoenix.
Phoenix Racing made its first full-time season in 1996, despite the #4 not having major sponsorship. Purvis won two races and a pole position, finishing seventh in points. Purvis ran the first four races of the 1997, and had a top-ten finish, but was replaced by Tim Steele, who brought sponsorship from HS Die. He had two top-tens, but injuries forced him to exit the ride. He was replaced by multiple drivers, with Dale Shaw running a majority of the races that season, including a 2nd place finish at South Boston Speedway. Sterling Marlin, Ernie Irvan, and Ron Fellows filled in for Shaw when he could not run. Kevin Lepage then drove two races near the end of the season, before Purvis returned to drive the last race of the year. In 1998, Purvis was again named full-time driver, with Lance Snacks sponsoring. Purvis made 26 starts, missing one race due to injury, during which he was replaced by Dennis Setzer, and an additional four races during which he was suspended for rough driving. Nathan Buttke and Matt Hutter took his place for those races.
Purvis and Lance Snacks departed for Bechtel/Gibbs Racing at the end of the year, taking the #4 with him. Phoenix Racing switched to the #1 and hired Randy LaJoie to drive. They did not have major sponsorship of start the season, and signed a one-race deal with Jani-King before winning the season-opening NAPA Auto Parts 300. Bob Evans Restaurants then became the sponsor, and LaJoie finished tenth in points. He followed that up with a victory at USA and a seventh-place finish in points in 2000. P. J. Jones was named driver of the #1 for 2001, bringing Yellow Freight sponsorship. After four races, he was replaced by Jimmy Spencer who drove in eighteen races for Phoenix, winning three races. Bobby Hamilton, Lepage, and Joe Ruttman filled in for Spencer on occasion. Phoenix dropped to a part-time schedule in 2002, with Spencer driving 23 races and winning twice, and Ruttman and Martin Truex, Jr. running one race apiece. In 2003, they formed a partnership with Chip Ganassi Racing and fielded the #1 full-time for two Ganassi drivers, Jamie McMurray and David Stremme. McMurray had two wins while Stremme made 16 starts, had two top-fives and won Rookie of the Year honors.
Johnny Benson was named full-time driver in 2004, with Miccosukee Resorts being named the new sponsor. He won one pole and had four top-tens when he was released after ten starts. McMurray ran three of the next four races, and Purvis returned for one race at Nazareth Speedway. Buckshot Jones drove the next two races with the return of Yellow Transportation to the team, followed by Tony Raines, Casey Mears Bobby Hamilton, Sterling Marlin, Reed Sorenson, and Regan Smith. Johnny Sauter was named the permanent driver of the #1 in 2005, winning at Milwaukee and finishing twelfth in points after Boris Said took his place at the Mexico race. Sauter left for Haas CNC Racing and Jason Keller was hired to drive. After eight races, Keller was fired and Mike Wallace took over for most of the season, garnering two top-five finishes, with Scott Pruett and development driver Cale Gale filling in. For 2007, J. J. Yeley was named the new driver of the #1, but struggled and only had one top-ten finish and missed six races, with Benson, Marlin and Max Papis filling for most of those races.
In 2008, Sauter returned to the team, but was released after five races. After Sterling Marlin drove one race, Mike Bliss was named the permanent driver of the 1 car.