Average cost of formula 1 car
Have you ever wondered how much a formula 1 Car costs? Here we are going to analyze and present full report of Formula 1 team and Cost of Car. Average teams like Ferrari, McLaren and Red Bull spend average of 320 million USD per year. This involves of Car Cost, Team management cost, driver cost and other small extra costs.Other small teams spend almost 70 million USD per month at same mere.so it all matters , how a team can bear per year cost.
Here we are going to dig only in the Car manufacturing cost and we will elaborate all the costs of every major part of formula 1 Car.
|Major Components||Cost Per Unit|
|Engine Unit||$8.0 Million|
|Carbon fibre monocoque||$675,000 per chassis|
|Front wing & nose cone||$170,000|
|Rear wing & DRS overtaking aid||$82,000|
|Fuel tank plus assembly||$110,000|
|Total Cost||Almost 950 million USD|
Above is the average cost of formula 1 Car components. This cost does not include other expenses.To put formula 1 car on the track, there are so many other expenses which a company needs to bear.Below, we will discuss in details about other expenses of formula 1 car for full season.
The Engine Cost of formula 1 Car
Average price of engine for every team is 8 to 10 million USD. This is the main and special part for which , team has to spend more and more money to be in excellent.Companies like, mercedes and Ferrari buy their engine from japan. F1 has changed its rule about engines in 2014 and then we have 1.6 liter turbo charged v6 engine, and after that, teams spent almost 14 million USD on their customized engines.
Tyres of Formula 1 Car
The main components of formula 1 car are their tyres. Drivers mostly depend on their car’s tyres. An Italian Company named “Pirelli”. THe spokes person of Pirelli once told that they spend more budget on providing tyres to formula 1 teams than the low profiled average budget of full season.
Fuel Cost of Formula 1 Car
On average, every team uses 200,000 liters of petrol per year which costs almost 450,000 USD to every team.
You can find every race of formula 1 2017 season all races live on this page. so don’t forget to bookmark this page for future, also share this page with your friends on facebook, twitter, google plus and other social sites.