Formula 1 is the “crown” of motorsports, with original cars that carry the latest technology. Engineers, technicians and designers are working on a day-to-day basis in factories by studying solutions and testing components that they hope will give them a competitive edge. F1 is a sport judged in detail, meaning that each millimeter counts.
Top teams, those who struggle for wins and titles, usually have the biggest budget. This means they have the ability to spend more money on research, development (R & D) and testing.
Of course, there are also teams with significantly smaller budgets who have managed to win the top, such as Brawn GP in 2009 (Drivers’ Championship -Tzenson Button and Manufacturers) and Renault in 2005, 2006 (2 Drivers Championships with Fernando Alonso and two Manufacturers’ Leads). On the other hand, the huge funds that Toyota had (2002 to 2009) and Honda (2006 to 2008) by participating with their own teams were not able to give them a leading role.
Every year, cars are evolving, becoming faster, using new technologies. But how much can a Formula One car cost? No one can answer this question precisely, as the cost of research and development can not be determined. And, of course, different costs have the car of a leading team that makes championship and that of a team in the last positions.
However, it is possible to estimate how much the basic components of the car and the total cost are on average.
According to a WTF1 survey, the average cost of an F1 car is around 6.8m euros.
This amount is as follows:
Front spoiler / muzzle: 170,000 euros
Floor: 66,000 euros
Steering wheel: 56,700 euros
Software / Telemetry: 84,000 euros
Rear spoiler / DRS: 107,000 euros
Braking system: 170,000 euros
Exhaust system: 195,000 euros
Gearbox: 850,000 euros
Chassis: 1,13 million euro
Hybrid engine: 4 million euros