TO own a F1 team, you have to be minted.

So, it’s no surprise teams like Mercedes-AMG Petronas, Ferrari, Red Bull and more are owned by billionaires.

Inside the amazing cost of an F1 car

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Building a F1 car is an expensive task costing millionsCredit: PA

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An engine can cost as much as £15mCredit: Getty

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The power unit is the most important part of the jigsaw of the building of an F1 carCredit: mercedesamgf1.com
To make a successful team, you need a great racing car. And that means having to spend millions assembling it.

Figures for how much a Formula One car vary, with some saying a ballpark figure could be around the £16million mark.

But with the budget cap set at around £106million-per-team each season, there’s plenty of wiggle room to spend even more money perfecting your car.

With the help of experts at ALA Insurance, we look at the most expensive components of a F1 car, starting off with the most expensive.