well, i have seen that some RC cars have a regulator of 5v on them, ususally with a zenner or a 78L05 (100mA) regulator for electronics, and the part that controls the motor goes to the full power suply.
if you only need the electronics to run with 5V and the rest(motor+driving circuit) can be connected directly to the battery than the solution is rather simple. if you have a zenner circuit on board, than you might need to replace a resistor.
a good picture on the circuit would be excellent. from both sides of the PCB.