What is the cost of a Formula 1 car?

Answer 1

Considering that the teams don't sell their cars, each team spends about 240 million US$ so less petrol, transportation, repairs, driver payment etc. each car would cost a little less than 10 mil

Answer 2

You can pick up an older used car for ~$300K or less if you are planning on using it as a "display model".

If you're looking to run an older F1 car you are looking at more money than you have (or you likely wouldn't be reading this); but let's indulge our fantasy life (or perhaps get an early handle on the brass ring we plan on spending our life aiming for...)

Costs for an F1 car

PartsSingle priceNeededTotal amount

Monocoque$117,9001$117,900Bodywork$8,5004$34,000Rear wings$12,90010$129,000Front wings$21,50010$215,000Engine$214,30022$4,708,000Gearbox$128,6004$514,400Exhaust$11,60022$255,620Telemetrie$107,1501$107,150Fire extinguisher$3,2001$3,200Brake disks$1,200120$144,000Brake lining$190240$45,600Brake saddle$2,2008$17,600Wheel$1,30050$65,000Tire$650448$291,200Shock absorber$1,3004862,400Pedals$2,2001$2,200Dashboard$3,2001$3,200Steering$4,3001$4,300Mirror$6502$1,300Steering wheel$3201$320Tank$10,7001$10,700Under work$8,60010$86,000Suspension$1.30040$52,000Total amount:

$6,868,000

Answer 3

F1 Magazine 2003 budgets (Keep in mind these are 2003 figures) F1 Magazine ran an article in March 2003 Total $2,141,100,000 $443,800,000 Ferrari $353,300,000 Williams $304,600,000 McLaren $290,400,000 Toyota $225,100,000 BAR $206,800,000 Renault $119,500,000 Sauber $ 79,200,000 Jordan $ 78,800,000 Jaguar $ 39,600,000 Minardi Engine budgets $931,000,000 $185,000,000 Williams $175,000,000 Ferrari $150,000,000 Toyota $140,000,000 McLaren $110,000,000 Renault $105,000,000 BAR $ 24,000,000 Sauber $ 18,000,000 Jordan $ 15,000,000 Minardi $ 9,000,000 Jaguar Operating the cars at tests $260,800,000 $88,000,000 Ferrari $48,000,000 Williams $29,100,000 McLaren $24,700,000 Toyota $22,000,000 BAR $19,800,000 Sauber $14,600,000 Renault $ 7,500,000 Jaguar $ 3,700,000 Jordan $ 3,400,000 Minardi Team salaries $194,000,000 $41,400,000 Ferrari $32,300,000 Toyota $30,300,000 McLaren $24,000,000 Williams $16,500,000 Renault $12,800,000 BAR $12,700,000 Sauber $10,600,000 Jaguar $ 8,800,000 Jordan $ 5,300,000 Minardi Operating the cars at races $187,300,000 $28,500,000 Ferrari $22,500,000 Toyota $20,800,000 Williams $19,200,000 McLaren $19,000,000 Renault $18,200,000 Sauber $17,600,000 BAR $17,000,000 Jaguar $16,000,000 Jordan $ 8,500,000 Minardi Research and development $173,000,000 $35,000,000 McLaren $21,500,000 Toyota $20,300,000 Williams $20,000,000 Ferrari $16,900,000 Renault $16,500,000 BAR $15,400,000 Jaguar $14,600,000 Sauber $12,600,000 Jordan $ 200,000 Minardi Driver salaries $132,000,000 $44,000,000 Ferrari $24,000,000 BAR $20,000,000 Williams $13,500,000 McLaren $ 8,000,000 Jordan $ 7,500,000 Toyota $ 6,800,000 Sauber $ 6,200,000 Renault $ 1,500,000 Jaguar $ 500,000 Minardi Wind tunnel operating costs $93,600,000 $15,100,000 Ferrari $12,900,000 McLaren $12,200,000 Williams $11,600,000 Toyota $10,400,000 Sauber $10,100,000 BAR $ 8,000,000 Renault $ 5,500,000 Jaguar $ 4,500,000 Jordan $ 3,300,000 Minardi Travel and accommodation $86,600,000 $18,000,000 Ferrari $13,000,000 McLaren $12,000,000 Toyota $ 9,300,000 Williams $ 7,900,000 BAR $ 7,500,000 Renault $ 6,800,000 Sauber $ 5,300,000 Jaguar $ 4,500,000 Jordan $ 2,300,000 Minardi Corporate entertaining and catering $62,850,000 $12,200,000 Williams $ 9,700,000 Ferrari $ 8,900,000 McLaren $ 7,200,000 BAR $ 6,700,000 Renault $ 6,300,000 Toyota $ 5,600,000 Jaguar $ 4,300,000 Sauber $ 1,600,000 Jordan $ 350,000 Minardi Car manufacturing costs $19,250,000 $4,100,000 Ferrari $2,700,000 McLaren $2,000,000 Toyota $2,000,000 BAR $1,900,000 Sauber $1,500,000 Jordan $1,500,000 Williams $1,400,000 Renault $1,400,000 Jaguar $ 750,000 Minardi

Answer 4

This site reveals much knowledge about Formula 1:

• http://formula1.about.com/od/whichracingseriesisthis/ss/idiotF1_9.htm

well about 40,000 to 80,000

Answer 5

10 Million just for every thing. but depending on parts and wins and sponcers

Answer 6

the cost of a farrari is free when you become an official racer from frank

Answer 7

about 1.500.000 pounds

Answer 8

Around £1,000,000,000

Answer 9

150,000,000,00