How much does an F1 car cost?

FORMULA ONE cars are some of the fastest machines, with speeds consistently crossing 300km/hr – that is why they cost so much. And SunSport has the breakdown of how much a F1 car can cost. Attaching a definitive price tag on an F1 car is extremely difficult, however, according to Red Bull, each car is estimated to cost around $12-16 million USD. For the 2023 season, teams are permitted to spend a maximum of $135 million (£109m) on materials and activities related to car performance. This includes transportation costs, spares, and team expenses (excluding driver salaries and engine costs). The Halo, a titanium structure above the car’s cockpit, protects the drivers from debris flying off from other cars.

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