How much does an F1 car cost overall?

Question

And if u want the 10 points i really would like to know how much one of those Nose Cones costs? And the pits Lollypops... I was once allowed into the williams pits and i stood on their lollypop (accidently) and was up and close and touched 2 nose cones. Just wondering how money i could have made had i stolen it. I felt so bad cos all the engineers saw me step on it like twice....

u had to be there.. man i luv f1

Answer 1

I was asking myself this just yesterday.  I hope someone has an accurate answer.  What circuit were you at?

Answer 2

all told £65,000,000

Answer 3

These cars are not for sale, the only way to buy one is to buy the team so it costs as much as that.

Current technology F1 cars are not designed and manufactured to be sold but to be raced by the team so it's the same as asking "how much does a space shuttle cost".

As much as NASA is the answer.

Answer 4

Actually, these cars do often come up for sale.  I recently saw one of Schumacher's Benneton cars that had a couple wins come up for $400k... which is very much in line with other vintage race cars of a similar age (a Porsche 962 with some race wins in it's history would run just a little less).

But that's a very incomplete picture, since 1) that's not reflective of the cost to build the car in the first place, 2) the real cost of an F1 car isn't building it, but designing it and maintaining it.  And of course, while some cars pop up on the market regularly, some manufacturers (such as Ferrari) only sell to certain people (and then with quite a few limits on what makes up "ownership").

The teams likely spend a few million dollars in the parts needed to build a complete, modern F1 car.  And this cost would be fairly consistent across the pit-lane (again, since the high costs come in the development phase, with another chunk of budget going into keep it up).  And the cost of skilled work to assemble it and set it up... let's take a nice easy number of about $5 million for an F1 car.

Getting an exact cost on items will only be possible if you happen to be inside one of the teams... but if you look across other forms of motorspots and compare:  a nose cone/font wing is probably somewhere in the $10-20k range.  Actual production cost would be a bit less than this, but you'd have to figure higher since there is almost certainly at least a small percentage that is thrown out due to small defects.

If you had stolen one, you would most likely not have been able to make any money since a current part from an F1 car would be fiercely protected (consider the scope of investigation that followed someone reporting the photocopying of Ferrari documents).  If it were a vintage Williams, it is unlikely an owner of such a car would buy parts from anyone other than Williams (and if they actually purchased their car direct from Williams, it may include such parts... I know buying an older F1 car from Ferrari includes parts and support staff).

The lollipop?  It's stick with a sign on the end!  There would be no advantage from making it out of special materials, and the only requirements would be that it's easily visible for the driver, and able to withstand the common abuses such a device would suffer in the pits.  Actual costs is probably somewhere in the $30-50 range, maybe even less.

Answer 5

Hey luv,

You said that you once were allowed into the Williams pits... What year? It's important (to set a price back then) and.. then to set it again NOW for a F1 car :)

I luv F1 also and i'll never stop! :)

Just as prices of an F1 car will never stop... A nose cone... How much does it cost...? Hmmm... wait...! You've touched 2 Nose Cones??? Lucky you!!! Carbon fiber is pretty expensive to give an exact price to every component.

Since you've touched the 2  nose cones... let me ask you:

how much do you think it cost to YOU after touching them?

:)

Kisses. See you at Magny-Cours. :)

Cheers,

Nyanna.

Answer 6

For Ferrari's racing team a Formula 1 racecar cost $4.1 million dollars to build, ferrari spends $450 million dollars a year on Formula 1 racing.

This is the cost of Fomula1 initially:

Total $2,141,100,000

$443,800,000 Ferrari

$353,300,000 Williams

$304,600,000 McLaren

$290,400,000 Toyota

$225,100,000 BAR

$206,800,000 Renault

$119,500,000 Sauber

$ 79,200,000 Jordan

$ 78,800,000 Jaguar

$ 39,600,000 Minardi

Engine budgets $931,000,000

$185,000,000 Williams

$175,000,000 Ferrari

$150,000,000 Toyota

$140,000,000 McLaren

$110,000,000 Renault

$105,000,000 BAR

$ 24,000,000 Sauber

$ 18,000,000 Jordan

$ 15,000,000 Minardi

$ 9,000,000 Jaguar

Operating the cars at tests $260,800,000

$88,000,000 Ferrari

$48,000,000 Williams

$29,100,000 McLaren

$24,700,000 Toyota

$22,000,000 BAR

$19,800,000 Sauber

$14,600,000 Renault

$ 7,500,000 Jaguar

$ 3,700,000 Jordan

$ 3,400,000 Minardi

Team salaries $194,000,000

$41,400,000 Ferrari

$32,300,000 Toyota

$30,300,000 McLaren

$24,000,000 Williams

$16,500,000 Renault

$12,800,000 BAR

$12,700,000 Sauber

$10,600,000 Jaguar

$ 8,800,000 Jordan

$ 5,300,000 Minardi

Operating the cars at races $187,300,000

$28,500,000 Ferrari

$22,500,000 Toyota

$20,800,000 Williams

$19,200,000 McLaren

$19,000,000 Renault

$18,200,000 Sauber

$17,600,000 BAR

$17,000,000 Jaguar

$16,000,000 Jordan

$ 8,500,000 Minardi

Research and development $173,000,000

$35,000,000 McLaren

$21,500,000 Toyota

$20,300,000 Williams

$20,000,000 Ferrari

$16,900,000 Renault

$16,500,000 BAR

$15,400,000 Jaguar

$14,600,000 Sauber

$12,600,000 Jordan

$ 200,000 Minardi

Driver salaries $132,000,000

$44,000,000 Ferrari

$24,000,000 BAR

$20,000,000 Williams

$13,500,000 McLaren

$ 8,000,000 Jordan

$ 7,500,000 Toyota

$ 6,800,000 Sauber

$ 6,200,000 Renault

$ 1,500,000 Jaguar

$ 500,000 Minardi

Wind tunnel operating costs $93,600,000

$15,100,000 Ferrari

$12,900,000 McLaren

$12,200,000 Williams

$11,600,000 Toyota

$10,400,000 Sauber

$10,100,000 BAR

$ 8,000,000 Renault

$ 5,500,000 Jaguar

$ 4,500,000 Jordan

$ 3,300,000 Minardi

Travel and accommodation $86,600,000

$18,000,000 Ferrari

$13,000,000 McLaren

$12,000,000 Toyota

$ 9,300,000 Williams

$ 7,900,000 BAR

$ 7,500,000 Renault

$ 6,800,000 Sauber

$ 5,300,000 Jaguar

$ 4,500,000 Jordan

$ 2,300,000 Minardi

Corporate entertaining and catering $62,850,000

$12,200,000 Williams

$ 9,700,000 Ferrari

$ 8,900,000 McLaren

$ 7,200,000 BAR

$ 6,700,000 Renault

$ 6,300,000 Toyota

$ 5,600,000 Jaguar

$ 4,300,000 Sauber

$ 1,600,000 Jordan

$ 350,000 Minardi

Car manufacturing costs $19,250,000

$4,100,000 Ferrari

$2,700,000 McLaren

$2,000,000 Toyota

$2,000,000 BAR

$1,900,000 Sauber

$1,500,000 Jordan

$1,500,000 Williams

$1,400,000 Renault

$1,400,000 Jaguar

$ 750,000 Minardi

Answer 7

If you have to ask, it's too much.

Answer 8

Okay, so, I am part of Vici Racing team in the American Le Mans series who races porsche 911 turbo's. Though I am 16 I know a lot about racing and cars. The nose cone itself costs between $10k and $25k. But, you have to look at a lot more than the basic cost. The thousands of hours of research and development of these hours times the number of engineers on the team would be well over a million dollars just to develop your nose cone. For williams team I would say they are about $16k for just the piece. Also, the "lollipop" costs about $50. Nothing too special though it was not a good idea to step on it haha. I hope this helped.

Answer 9

Nose cone is about £10,000. Just think how much all of the front wings in Monaco alone cost!