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How Much Does A Formula 1 Car Cost? Knowing the Unknown

Are you an avid fan of Formula 1 racing events? Then, you would be all excited to know how much does a Formula 1 car cost that offers a unique design and outlook. What’s the wait for? Let’s dive deeper into the pricing breakdown to estimate the price of every component that assembles into making this wonderful car.

How Much Does A Formula 1 Car Cost?

Formula 1 car design includes a single seat and an open interior and falls under the open-wheel racing category. You must have seen a Formula 1 race on your televisions, but do you know how much it costs to bring it on the track? Read on, to get a detailed insight into the costing parameters.

1. Engine – The Most Expensive Of All

The engine of a racing car ought to be the most powerful of all. A turbocharged 1.6-litre V6 engine characterizes the engine of a Formula 1 car. In terms of cost, the engine expenditure is liable to surge up to $8 to $10 million. The price is pretty justified owing to the 29% fuel efficiency it offers.

A fun fact; popular teams such as Mercedes, McLaren, and Mercedes that outsource their engine from Honda save on the engine costs to some extent. This is just 10% of how much does a Formula 1 cost; the other expenses are mind-boggling too.

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2. The Monocoque – The Single Shell Structure

The chassis design of a Formula 1 car is composed mainly of carbon fibre and assorted lightweight materials. The permissible weight limit put forward by the regulatory board accounts to 733 kg. This weight is inclusive of the driver’s weight but exclusive of the fuel.

Understand how much does a Formula 1 car cost
Secrets about how much does a Formula 1 car cost

The average rate that carbon fibre costs is $21.5 per kg. The overall monocoque of the Formula 1 car costs up to $650,000. It is not a good option to compromise with the chassis cost as this one part needs to be durable and enduring.

3. The Rear Wings – The Drag Reduction System

Wings form an essential part of a Formula 1 car owing to the car’s balancing requirement on the turns. The F1 car has an adjustable rear wing or aptly the drag reduction system (DRS). This helps in battling through the turbulent air that may pose a restriction while overtaking.

When on a straight path, a driver can utilize the DRS system that, in turn, opens the rear wing. The opening of the rear wing, trims down the drag of the car thus more of speed. The cost that the rear wing incurs is about $150,000; when outsourced from the best of hardware manufacturers.

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4. Gearboxes – The Semi-automatic System

The Formula 1 car comprise of a gearbox that is made out from carbon titanium. The car has a semi-automatic gearbox with eight forward gears and one reverse gear. An interesting fact; a driver is liable to change gears for about 3000-3500 times on an average, in a single race.

The cost that goes into making a gearbox is nearly $450,000. There are times when a team may opt for upgrading the gearbox for attaining higher performance. Such a change may further heighten the cost by nearly $160,000.

Basic expenditure how much does a Formula 1 car cost
Questions about how much does a Formula 1 car cost

5. The Comparison Chart

Here are some other costs based on the category that goes into the making of the Formula 1 car. You could also go through industry knowledge for methods that help estimate a car’s price.

Category

Estimated Costs

Front Wing & Nose Cone

$300,000

Steering Wheel

$70,000

Hydraulics

$200,000

Cooling System

$220,000

Tires

$1715

Fuel Tank + Installation

$140,000

Conclusion

The total basic expenditure of a Formula 1 car is about $15.52 million. Now that you know how much does a Formula 1 car cost, you could share the information further. One should also understand that the investment in these cars is worth it. This is due to the profits inferred from the advertising on-screen as well as off-screen.

1 Comment
  1. GeorGe Matureli says

    fuck yeah, F1 is most expensive racing in the word <3

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