How much money you need to build a formula 1 car a sports journal published a report in 2014 claimed that 77 million required to build a f1 car. Formula 1 teams are driven by annual budgets of hundreds of millions of pounds but despite the blockbuster figures they are far from typical businessesfor the competing f1 teams profit is an afterthought and often every available penny is spent in pursuit of victorya formula 1 car alone can cost millions of pounds but why is this.