How much does a Formula 1 car cost?
Formula 1 is the “cradle” of motor sports, with original cars carrying the latest technology.
Teams of engineers, technicians and designers work through the night at factories studying solutions and testing components that they hope will give them a competitive edge. The F1 is a sport judged in the details, which means every millimeter counts.
Top teams, the ones fighting for wins and titles, usually have the biggest budget. This means they can spend more money on research, development (R&D) and testing.
Of course, there are also teams with significantly lower budgets that have made it to the top, such as the Brawn GP in 2009 (Jenson Button Drivers ‘Championship and manufacturers) and Renault in 2005, 2006 (2 Drivers’ Championships with Fernando Alonso and two manufacturers’ championships). On the other hand, the enormous funds that Toyota (2002 to 2009) and Honda (2006 to 2008) had with their own teams were not enough to give them a leading role.
Every year the cars are evolving, becoming faster, using new technologies.
But how much can a Formula 1 car cost? No one can answer this question precisely, as the cost of research and development cannot be determined.
However, an estimate can be made of how much the average components of the car cost ,as well as the overall cost.
So according to a WTF1 survey, the average cost of a F1 car is € 6.8 million.
This amount is as follows:
Front Spoiler / Tip: 170,000 euros
Floor: 66,000 euros
Steering wheel: 56,700 euros
Software / Telemetry: 84,000 euros
Rear Spoiler / DRS: 107,000 euros
Braking system: 170,000 euros
Exhaust system: 195,000 euros
Gearbox: 850,000 euros
Monocok (chassis): 1.13 million euros
Hybrid engine: EUR 4 million
So you understand that every time a car gets involved in an accident or ends up in barriers, the cost of repairs can reach a disproportionate amount, depending on the extent of the damage …