On 27 September 2008 the Colin McRae Forest Stages Rally took place in Perth, Scotland. An enhanced entry list of several former big name rally drivers took part in memory of Colin. The impressive entry list included ex-World Championship drivers Hannu Mikkola, Ari Vatanen (partnered by his 1981 WRC winning co-driver David Richards), Björn Waldegård, Stig Blomqvist, Malcolm Wilson, Russell Brookes, Jimmy McRae, Andrew Cowan and Louise Aitken-Walker, many competing in their original cars. A handful of current WRC drivers also took part including Matthew Wilson, Kris Meeke and Travis Pastrana. The event was deemed a great success, attracting record spectator numbers to the Perthshire forests. Outright winner was Stobart VK M-Sport Ford Rally Team driver Matthew Wilson in a Ford Focus WRC. Fittingly, Colin's brother Alister McRae won the classic category.
The funeral for Colin and Johnny took place on 26 September at Daldowie Crematorium near Glasgow, conducted by the Rev Tom Houston, who had married the McRaes, and the Rev Steven Reid, chaplain at Johnny's school. An address was given by Robbie Head, a former rally driver and commentator who was a close friend of McRae's, with the Rev Houston giving the benediction. McRae's niece and nephews performed the tune Highland Cathedral, a popular funeral song. The song "(Sittin' on) the Dock of the Bay" by Otis Redding, a favourite song of McRae's, was played when the family entered the chapel (coincidentally, Redding himself also died in an air crash). The Proclaimers' song "I'm on My Way" was played when they left. Colin and Johnny McRae were cremated in the same coffin. Among the attendees at the funeral were fellow Scottish racing drivers Jackie Stewart and Dario Franchitti.