I have come across several websites claiming that the Formula one car components prices are known and the total price for a car is in the $12-15 million. The websites I'm referring to are like this one and this one.
Although I know that these prices are not announced and are just estimates, I still felt that there is something wrong and they are just too much no matter how I look at them. So I kept searching and I came across two more websites this and this. Those two websites alternatively suggest that those prices are actually the whole season running cost for the car. In other words, the engine price is actually 10 times the actual unit price because it is expected to be changed 10 times during the season. The same goes for the other components as well which make the cost of building just one car much less that this $12-15 million figure.
So what do you think? Is my conclusion correct and a single F1 engine does not really cost $7-8 million but actually something like $700-800k?