How much does a Formula 1 Ferrari cost?
At $12–$15 million, this may be a somewhat extreme price tag, but it’s a small price to pay for pushing the boundaries of what is possible in motorsport. For Ferrari, Formula One is more than just about winning races. Formula One is about defining the future of automotive technology. One of the biggest sources of revenue for F1 teams is the prize money earned in races, including the prestigious Constructors’ Championship. For instance, McLaren received an estimated $161 million in prize money last year.As shown above, which F1 circuit pays most tends to be the newer or oil-rich nations keen to host a race (Azerbaijan, Middle Eastern countries) with fees in the $50–60 million range. Traditional venues in Europe and elsewhere usually pay between $20–30 million, with some outliers in the $30–40 million range.F1 tickets are expensive due to high operational costs associated with hosting a race, including licensing fees, insurance, staffing, infrastructure, security, and marketing expenses.According to Forbes, F1 achieved total revenues of $3. In our latest post to celebrate the 2025 F1 World Championship, the sport’s 75th season, we’ll explore the economics behind F1’s impressive financial performance.
What is the most expensive F1 car?
The costliest car ever sold at auction was a 1955 Mercedes 300SLR Uhlenhaut Coupe sportscar that changed hands for €135m in May 2022. The most expensive grand prix car previously sold at auction was another ex-Fangio Mercedes W196 from 1954 that fetched $29. Goodwood, England, in 2013. The current record for world’s most expensive Ferrari was set in June 2018 when a 1963 250 GTO (chassis 4153GT) was sold in a private sale for $70 million. In 2004, Sports Car International placed the 250 GTO eighth on a list of Top Sports Cars of the 1960s, and nominated it the top sports car of all time.In 2018, Chassis 4153 GT, a 1963 Ferrari 250 GTO, was sold in a private transaction for a staggering $70 million, setting the record for the most expensive classic car ever sold. The buyer? David MacNeil, the founder and CEO of WeatherTech, the premium automotive accessories company.Formula One teams are said to pay Pirelli around £1. Pirelli logos on their vehicles and other sponsorship activities. A substantial cost, but a necessary one.Modern Formula 1 cars are engineering marvels that combine cutting-edge technology, innovative design, and bespoke craftsmanship—all at a staggering cost. With an estimated price tag of $12–$20 million per car, these machines represent a massive financial and technological investment.An extremely rare 1954 Mercedes-Benz W196 R Stromlinienwagen has been sold at auction for 51 million euros, or approximately Rs 458 crore, becoming the most expensive Formula 1 car ever auctioned. Notably, it is one of the only four known complete examples fitted with a factory-built streamlined bodywork.
How much does a 2022 F1 car cost?
The current price range for one of these racing cars may lie between $12 to $15 million, according to Red Bull. During the 2022 season, F1 teams were allotted $145. Instead, the money could be put toward building the driver’s car. Ferrari car prices in India range from ₹3. Cr to ₹7. Cr (Ex-showroom). The top 5 popular Ferrari models and their prices are the 296 GTB (₹5. Cr), Roma (₹3. Cr), F8 Tributo (₹4. Cr), SF90 Stradale (₹7. Cr), 812 (₹5. Cr). Explore the complete price list of all Ferrari models as of June 2025 below.But with these advancements comes a price tag that can reach well over 100 million dollars or Rs 8,24,94,95,000, making F1 cars some of the most expensive vehicles in the world. Average pricing of a car apart from all the research and development can cost up to Rs 98,99,39,400 to Rs 1,23,74,24,250 or more.Rolls-Royce car prices in India range from ₹7. Cr to ₹12. Cr (Ex-showroom). The top 5 popular Rolls-Royce models and their prices are the Cullinan (₹10. Cr), Phantom (₹8. Cr), Spectre (₹7. Cr), Ghost Series II (₹8. Cr).Ferrari car price starts at Rs 3. Crore for the cheapest model which is Portofino and the price of most expensive model, which is Purosangue SUV starts at Rs 10. Crore. Ferrari offers 6 car models in India, including 1 car in SUV category, 1 car in Convertible category, 4 cars in Coupe category.
Do F1 pay Ferrari?
Ferrari’s historic payment This is understood to be around 5% of the entire prize fund. However, the exact figure is understood to vary, because if F1’s commercial income gets above a certain point then Ferrari enjoys a further escalator element. Ferrari receives a historical bonus, estimated to be between 5-10% of the total prize pool, for being the only team to compete in every F1 season since 1950. Additional bonuses are granted for achievements such as winning championships or contributing to the sport’s commercial success.Formula 1 car cost overview However, as a baseline estimate, it’s possible to say that an F1 car typically costs between $10 million and $20 million each. This does not include additional costs such as running expenses for teams or research and development for new parts.What is the cost of an F1 car? The exact cost of an F1 car is tricky to confirm, but they come to an average sum of roughly US$16 million each, according to RTR Sports. This figure can range, however, from $12 million to $20 million.Formula 1 sponsorship trends: a rich person’s game The average reported deal value among F1 rights holders over the last few years is around $37 million per year – topped by Oracle’s $100 million deal with Red Bull Racing and HP’s $90 million with Ferrari.According to Forbes, F1 achieved total revenues of $3. In our latest post to celebrate the 2025 F1 World Championship, the sport’s 75th season, we’ll explore the economics behind F1’s impressive financial performance.
Who owns the Ferrari F1 team?
Luxury Italian car manufacturer Ferrari owns the Formula 1 team Scuderia Ferrari. Ferrari is co-owned by Dutch holding company Exor, which is majority-owned by the billionaire Agnelli family, and Piero Ferrari. Ferrari is co-owned by Dutch holding company Exor, which is majority-owned by the billionaire Agnelli family, and Piero Ferrari. The Italian entrepreneur Enzo Ferrari died in 1988, having founded the car brand in 1939 after leaving Alfa Romeo. Enzo Ferrari’s son Piero inherited a 10 per cent stake.