Due to the high level of technology and engineering solutions that present, Formula racing cars have a very high value that is hard to imagine.
In fact, putting an exact price on a The current F1 car is extremely difficult, since the cost of each team for its development is different. Only for the 2022 season, a team can spend $145 million- this includes transportation costs and equipment expenses (less drivers’ wages and some other exceptions).
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Calculate the cost of the car
Whereas the research and development expenses are different in each team, it is difficult to calculate the exact value of each Formula 1 car. However, taking into account what certain elements cost, it can be deduced that the price is very high.
For example, the steering wheel, which has been a complete computer for a long time, is priced at $50,000, a set of wings (front and rear) around $200,000, depending on their complexity.
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These figures, which are very high, are the most affordable, so to speak, because the chassis, engine and transmission are the most expensive components. It is said that the price of each of the three units allowed per season is around $10 million.
Another way to deduct the price of an F1 car is the repair costs after an accident. So far in the 2022 season, the worst mishap on record, which is that of Guanyu Zhou, had a repair cost of 2.7 million dollars for Alfa Romeo.
How much does a Formula 1 car cost today?
If these figures are taken into account, it is possible to deduce that a Formula 1 racing car from the 2022 season is worth between 12 and 15 million dollars.
Even the exhibitors or scales of the single-seaters have very high prices. Without having a real size and much less a genuine power unit, an official F1 in The 1:8 scale is priced at $178,000.
How much did the most expensive Formula 1 car sell for at auction?
When it comes to an old Formula 1 car, prices also exceed six figures, proof of this is the record for the most expensive single-seater offered at auction. Is he Mercedes-Benz W196 with which Juan Manuel Fangio became champion in 1954: was auctioned for $30 million.