Formula 1 cars are one of the fastest beasts. With speeds consistently crossing 300 km/hr, they obviously cost a fortune to build. Though the cost mostly depends on how much the teams are willing to pay, the estimates of giants are over a hundred million dollars. Let’s dive into complex engineering and know what is the cost of F1 cars.
Formula One cars
The Formula one car is an open-wheel, open-cockpit, single-seat racing car. There is no doubt that F1 cars are pretty expensive. The teams spend an awful lot of money to get those beasts ready. The amount spent on production and especially development wildly depend on how big the team is. However, these cars have nerve-racking features which account for such high costs.
Cost of Formula one car components
Front Wing and Rear wing
The front wing is a crucial part of an F1 car. It’s the first part to hit the airflow, and therefore shapes the car’s aerodynamics. In addition to that, the rear wing of the car helps to keep the car stable and balanced. In addition to that, it provides downforce at the rear of the car.
| Car Parts | Price |
| Front wing | $1,50,000 |
| Rear wing | $85,000 |
Halo
The Halo is a protective barrier. Therefore, it helps to prevent large objects and debris from entering the cockpit of a single-seat racing car.
| Car Parts | Price |
| Halo | $17,000 |
Set of tires and Steering wheel
| Car Parts | Price |
| Set of tires | $2,700 |
| Steering wheel | $50,000 |
Engine Unit
The Engine is the most important unit of an F1 car and is naturally the most expensive. The actual cost, of course, depends on the plans of the teams.
| Car Parts | Price |
| Engine Unit | $10.5 million |
Other car parts
The space-saving and safety-driven design of the fuel tank can hold a whopping 30 gallons of fuel. In addition, the carbon fiber is sandwiched between two layers of carbon fiber. However, the hydraulic supply pressurized oil around the car to all the parts. Above all, the gearbox allows them to shift seamlessly with ease.
| Car Parts | Price |
| Fuel Tank | $1,40,000 |
| Carbon Fibre (Chasis) | $6,50,000 – $700,000 |
| Hydraulics | $1,70,000 |
| Gearbox | $4,00,000 |
Cost of F1 cars
The cost of F1 cars totals $12.20 million. However, a cost cap rules that teams can only spend up to $175 million on matters that directly relate to the performance. Even though the basic cost of the car is not that high, the teams spend loads on development. the cost cap rule has been fixed to maintain competition.
