Mythbusters experiment: https://www.dailymotion.com/video/x2n9j62
Edit: if the other object is a car, then yes, there is no difference in either case from your perspective.
All three of these do similar damage, if the cars have equal mass:
* 70mph car vs. 70mph car
* 140mph car vs. parked car
* 70mph car vs. wall.
The only real question is whether you consider "140mph impact" to mean "vs. a similar-mass car" or "vs. a wall". These are wildly different impact intensities that should not be confused.The wall is complicated enough for me without thinking about multiple crumple zones, handbrakes, etc.
It does depend how much of that energy is dissipated in the collision though.
It's been far too long since I had a physics class...
If we consider debris or etc flying away after the collision, then you're right that they're different- the combined velocity of the two cars is 0mph in the both-moving case and 140mph (in some direction) in the one-moving case, and the velocity of all the debris will sum to that velocity. (And the sum of velocities would be weighted appropriately if one of the cars was more massive than the other.)
Choosing a car, choose tons, not stars :)