How much is a F1 car worth in 2023?
If these figures are taken into account, it is possible to deduce that a Formula 1 racing car from the 2023 season is worth anything between $12 million-$18 million. Even the display or scale units of the single-seaters have extremely high prices. Estimates place the cost of a single F1 car in 2025 at roughly $16 million, though this can range between $12 million and $20 million depending on the team and upgrades. This figure includes the chassis, hybrid power unit, and cutting-edge electronics but excludes race-specific consumables like tires and fuel.Formula One (F1) tires are a crucial component of race performance, with each set costing about $2 700 USD (£2 133). For a Grand Prix weekend, where each F1 team requires 13 sets per driver, the total price of tyres per race per driver amounts to $35 100 (£28 205).Formula 1 – 110 kilograms per race F1 cars can use a maximum of 110 kilograms of fuel per race (305km / 190 miles), however they don’t always fill the car with that much fuel. This is because the more fuel a car starts with the heavier it is, and the more lap time it costs.