How much does a Formula 1 racing car cost? current or former
Due high level of technology and engineering solutions, Formula racing cars are worth more than many realize.
In fact, putting an exact price on a The F1 single-seater today is extremely difficult, since the cost of each team for its development is different. For the 2022 season only, a team can spend $145 million, this includes transportation costs and equipment expenses (less pilot salaries and a few other exceptions).
Whereas the research and development expenses are different in each team, it is difficult to have the exact value of each Formula 1 car. However, taking into account what certain elements cost, it can be deduced that the price is extremely high.
For instance, the wheel, that for a long time an entire computer, is listed on 50,000 dollars (one million pesos), a set of fenders (front and rear) around $200,000 (4 million pesos), depending on complexity.
These extremely high figures are the most accessible, so to speak, because the chassis, engine and transmission are the most expensive components. The price of each of the three units allowed per season is said to be approximately 10 million dollars (200 million pesos).
Another way to deduct the price of an F1 car is the cost of repairs after an accident. So far in the 2022 season, the hardest mishap ever recorded, which is that of Guanyu Zhou, had a repair cost of 2.7 million dollars for Alfa Romeo (54 million pesos).
How much does a Formula 1 car cost today?
If we take these figures into account, it is possible to deduce that a Formula 1 car from the 2022 season is worth between 12 and 15 million dollars (240 and 300 million pesos).
Even single-seater show or scale units have extremely high prices. Without having a real size and much less power unit, an official scale F1 1:8 is priced at $178,000 (3.5 million pesos).
How much did the most expensive Formula 1 car ever sold at auction cost?
When it comes to a former Formula 1 car, the prices are also well over six figures, proof of this is the record for the most expensive single-seater offered at auction, it is the Mercedes-Benz W196 with which Juan Manuel Fangio became champion in 1954: it was sold at auction in 30 million dollars (600 million pesos).
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