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If you watch an F1 car crash and it shatters into pieces, you may not realize how much it costs to replace that part of the Formula 1 machine. That is much.
Crashes are a reality in Formula 1 or any racing series.
Motorists certainly try to avoid them. teams fear them. But sometimes they just happen and when they do, the cost can be immense.
These aren’t street cars with standard parts, after all. These are purpose-built machines that are very expensive to build and maintain.
How much does an F1 car cost?
In 2021, Motor Sport Magazine sat down with F1 Chief Technical Director Pat Symonds to find out how much a modern F1 car costs and provided some revealing numbers.
- Engine: $18.32 million
- Chassis: $707,000
- Transmission: $354,000
- Hydraulics: $170,000
- Rear wing: $85,000 to $150,000
- Front wing/nose cone: $141,500
- Floor and Bargeboards: $141,000
- Brake Rotors and Pads: $78,000
- Small components: $51,000
- Steering wheel: $50,000
- Fuel tank: $31,000
- Halo: $17,000
- Tires: $3,000 per set
- TOTAL: $20.62 million
That cost is simply for the parts themselves, not for the engineering or labor required to make the car a reality.
Obviously, different cars have different costs, so the money Mercedes put into their car wouldn’t be the same as Williams’. This is just a basic notion of expenses.
In addition, these figures refer to the previous regulations, which applied until 2022. The cars racing in F1 this season can be a little different.
It’s crazy to think how the steering wheel of an F1 car, which contains two dozen key inputs, costs significantly more than the entire car that most people drive to work every day.
Just don’t think that Formula 1 designers don’t have to think about costs like the average Joe who has to pay for maintenance every year. Cost caps in sport have made the low cost of building a car all the more important.
The current F1 budget cap is $140 million.
https://fansided.com/2022/04/04/f1-car-cost-how-much/ How much does an F1 car cost?