The Actual Cost Of Every F1 Car Part
A Costly Formula
Formula One racing is one of the most popular sports in the world and those F1 cars are some of the fastest. But how much do they cost? And how does that cost breakdown to all the different parts of these automotive marvels? Well, let's find out.
How Much Does An F1 Car Cost?
We should probably start there. Before we get into all the various parts of the car, how about we look at how much one of these machines costs. Well, we should first mention that not all F1 cars cost the same, and determining the exact cost of one is not easy.
However, according to Red Bull, you're looking at around $15 million for a top-notch Formula One vehicle. Although, other reputable sources have put that number closer to $20 million.
Spending Limit
We should also mention the new cost cap that’s been implemented by Formula One over the last few years—limiting the amount of spending a team can do in terms of materials and activities related to car performance.
Spending Limit
While some teams were spending upwards of $400 million on their cars and development, that number was capped at $145 million in 2021. For the 2024 season, that number was down to $135 million.
Engine
The engine, as many of you may have guessed, is the most expensive component of these cars. And while engines in our own cars are expensive, they seem downright cheap compared to the turbocharged 1.6-liter V6 engines F1 teams use. They're looking at about $10.5 million per engine—although, that's on the low-end of some estimates...
