Every time you’re thrilled by an amazing Formula 1 crash, be thankful the repair costs are not claimed on your car insurance.
Boy is it an exciting time for racing enthusiasts. Not only has the 2015 V8 Supercars Championship kicked off with a bang, but the best of the best – the rev head elite – have descended on Albert Park in Melbourne for the beginning of this year’s Formula 1 World Championship. Aussie Daniel Ricciardo is now officially the number one driver at Red Bull – like he wasn’t last year, right? – and he’ll be chasing down current champion Lewis Hamilton of the UK and his incredibly fast Mercedes.
Going fast is something F1 cars do better than any other vehicle – they’re like rockets strapped to wheels, strapped to completely crazy humans. The top teams spend upwards of $450 million a year on the championship, sparing no expense in eking out an extra hundredth of a second from every corner. It makes you wonder what it costs when, in pursuit of that micro-second advantage, they have a crash. A bingle. A prang. A loving embrace with a foot-thick concrete wall.
At finder, we specialise in helping Australians compare their available car insurance options so they can make the most-informed decision possible and ultimately, save a stack of cash. So if you’re thinking of picking up an F1 car on eBay any time soon, here are some of the costs you may want to consider simply for the raw parts – we shudder at the thought of adding labour expenses!