F1 Car Price | What Is The Cost Of Formula 1 Cars?

F1 Car Price | What Is The Cost Of Formula 1 Cars?

Formula 1 cars are much more complex and advanced than the available cars on the road. The engine of a Formula 1 car may cost more than a regular sedan itself. These cars in Formula 1 require a high level of performance.

Naturally, brilliant performance comes with the best technology and engineering. You’ll be shocked to know how much these teams spend developing their Formula 1 cars. This article will demystify the costs of Formula 1 cars for all the fans out there!

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Cost of an F1 Engine

There’s no denying that the engine is one of the most significant parts of a Formula 1 car. The secret of the car’s power-packed performance lies in its machines. With so much depending on the engines, it is natural for these components to require advanced designing and production. As a result, motors tend to be one of the costliest components in a Formula 1 vehicle.

In other words, the engine of an F1 car is a technological marvel. The vehicles most typically feature a 1.6-litre V6 machine that costs approx. $10.5 million. The final cost of the engine depends on the innovation used, plans, and the team’s cost-cutting efficiency.

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Cost of Different Car Parts

Formula 1 cars are more dynamic and complicated than regular cars. They require additional and advanced components to deliver that kind of speed level. The halo is a titanium structure above the vehicle’s cockpit.

F1 developed this brilliant car part to enhance the safety of the drivers. This component shelters the drivers from flying debris from other vehicles. What’s most surprising is that it costs $17,000!

Moreover, the external structure of F1 cars also incurs heavy production costs. The chassis of F1 cars use carbon fibre monocoque that costs between $650,000 to $700,000.

We’ve summed up the cost for different Formula 1 car parts. Take a look at it below:

Car Parts	Price
Front wing:	$1,50,000
Halo	$17,000
Set of tires	$2,700
Steering wheel	$50,000
Engine Unit	$10.5 million
Fuel Tank	$1,40,000
Carbon Fibre (Chassis)	$6,50,000 – $700,000
Hydraulics	$1,70,000
Gearbox	$4,00,000
Rearwing	$85,000
Total F1 Car Price	$12.20 million

Since we are discussing Formula 1 car prices, it is essential to mention that the teams have to adhere to a cost cap introduced last year. F1 teams can only spend $175m on performance-related matters due to this cost cap. Moreover, the cost of producing these cars is a closely guarded secret between groups.

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The costs involved in making a supercar for F1 are pretty high. But we are sure that the high price of making is directly related to its fantastic performance.