Formula 1 is one of the most expensive racing sports in all over the world from team management to cars management there is quite big money budget required . There are many engineers who are related to this sports are hired to maintain the car system and its functions perfect but how much expenses are made by a Formula 1 team . A car engine cost almost around expected price £198,000 in 2014 .
The most money spend during an Formula 1 season is on car. Well all parts of the car which are maintain or changed during the race are listed in the table with their price. The most expensive part of the Car is Engine which is almost increased upto $8 Million in 2015 . A Car used tyres almost 24 times during race or less then 22 times which almost cost a formula team (£15,000) per race .
| Basic Parts | Cost |
| Engine Unit | $7.7 Million |
| Carbon Fibre Monocoque | $650,000 |
| Front Wing & Nose Cone | $160,000 |
| Rear wing & DRS overtaking aid | $80,000 |
| Fuel tank plus assembly | $110,000 |
| Steering wheel | $50,000 |
| Hydraulics | $160,000 |
| Gearbox | $480,000 |
| Cooling System | $160,000 |