0

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?

  • 1
    "If you have to ask, you can't afford it" :) Are you taking development costs into account also? I bet that far exceeds the actual materials+assembly cost. – CrossRoads Nov 5 at 19:07
  • 1
    Your question makes little sense, not only because there is a difference between "cost" and "price" (you're mixing them along your question), but also because for both terms something has to be sold, and no (current) F1 car is being sold by any team. The only thing being "sold" are the parts, by their suppliers to the teams, and even these are not under normal "retail" rules. You can ask how much a F1 car costs (in the layman terminology) to the teams, but that will imply R&D, among other things. (continue...) – Gerardo Furtado Nov 5 at 23:58
  • (continuation) Finally, the power unit (not engine anymore) comparison is also not adequate: for instance, a F1 car has only 4 tyres. So, for calculating how much a F1 car costs, do we add the price of 4 tyres? Or do we calculate the price of 24 tyres, which is the amount a car can use per weekend? As you can see, the fact that a car has only 1 power unit at a time makes little difference for the team/supplier contract. Nowadays they use only 3 PU per season (before penalties), but in the early 80's it was around 200 engines per year (50 new, 150 reconditioned). – Gerardo Furtado Nov 6 at 4:50
  • All that being said, the only realistically answerable question would be: "how much it costs an average team to develop and build a F1 car?". That would be the team's budget less drivers and mechanics pay, travel expenses, fuel, tyres, etc., that is, everything not directly related to R&D, build and assembly. – Gerardo Furtado Nov 6 at 4:58
  • Once the 2021 regulations come into force, the answer will be $175 million. – F1Krazy Nov 6 at 7:06

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.