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Joe Biden and Colin Powell drag race their '67 and 2015 Corvettes

Joe Biden is not allowed to drive a car during his term as Vice President. Even when he's done, he'll still have to wait six months before he can get behind the wheel.

So says the Secret Service.

But his protection makes a special exception for him when Biden meets up with Jay Leno for a segment on the CNBC reality business show "Jay Leno's Garage."

"It feels great," Biden says. "I've always loved to drive."

With Leno sitting next to him, Biden cruises down the street in his beloved 1967 Corvette Stingray, a wedding gift from his father. Back then, it sold for about $5,600. Now it's worth roughly $78,000.

But to Biden, it's not about the value. It's about the speed. His Stingray goes 0 to 60 in 4.7 seconds, and he admits he likes to go fast.

Jay Leno and Vice President Joe Biden go for a joy ride.
CNBC
Jay Leno and Vice President Joe Biden go for a joy ride.

As the two car enthusiasts roll down the road, the wind blowing through their grey hair, another car suddenly emerges from a side street. Another Corvette. A newer one. Faster.

Biden wonders aloud, "I wonder who that cowboy is?"

Moments later, the mysterious cowboy speeds past Biden and Leno, and they get a closer glimpse of the grey 2015 Corvette Stingray Z51. But not who is inside.

Soon, the two Corvettes pull up next to each other in a wide-open, paved expanse. The other driver is none other than former Secretary of State Colin Powell.

"Where were you?" he jokes to Biden. "I kept looking in the mirror and I didn't see you."

This is Powell's third Corvette. He got it last year as a Christmas gift from his children. Sort of.

Powell explains, "They sent me the friggin' bill."

Colin Powell, Joe Biden, and Jay Leno featured on Jay Leno's Garage
CNBC
Colin Powell, Joe Biden, and Jay Leno featured on Jay Leno's Garage

The car talk among friends only lasts a short time before they challenge each other to a race.

"Try to keep up as best you can, Mr. Vice President," says Powell.

Fists raise. Engines rev.

And, leaving a trail of tire marks, the two Corvettes speed down the street.

It's unclear who who finishes first in the race. But there is one clear winner.

America.

CNBC's "Jay Leno's Garage" airs Wednesdays at 10 p.m. EDT.