Cost Analysis of Formula 1 Cars - Building a Formula 1 car is expensive, as teams do not sell them [1] - The engine alone costs approximately $10 million [1] - The carbon fiber chassis costs around $1 million [1] - The steering wheel is valued at $50 thousand [1] - The aero package (wings, floor, diffuser) adds another $1 million [1] - The gearbox costs about $600 thousand [1] - The suspension is priced at $200 thousand [1] - Electronics and sensors contribute an additional $100 thousand [2] Additional Expenses - The above costs exclude spare parts, upgrades, and crash repairs [2]