Purchasing a Formula one car is an unattainable dream for most people that are into cars and have a need for speed. The mere thought of owning such a monster is pretty much a fiasco for more than 95% of the population.

However, it’s not completely off the table. If you have the finances, you can buy a luxury F1. Even though you won’t be able to show off with it on the road, it can be taken to a circuit for a drive during the weekend.

You just have one obstacle you must pass: finding a Formula one for sale. It’s not easy, but it can be done if you know where to search. We’ll give you some tips on that later on. But first, let’s answer some common questions in regards to this topic.

How Is It Possible to Buy a Formula One?

Cars, like any other assets, can go obsolete. F1 teams won’t use the same vehicles forever. When they get tired of them, or they are sponsored to purchase brand-new ones, sometimes their old models are sold.

It takes somewhere around five years for an F1 to be taken off the circuit. Some teams choose to refurbish them and keep them as trophies or memorabilia, but others don’t care that much for sentimental attachment.

Because of that, there are F1 cars that are put down for sale. Because technology is evolving at a mind-blowing pace, some F1s become less potent than new ones. In this case, they are also sold.

How Much Does an F1 Cost?

The price of an F1 depends on its engine because this is the most expensive component. A show F1 without its engine, for instance, can cost up to $25k. Of course, you’ll have to spend a ton of money for a proper, functional engine. A rather new model equipped with an engine can go in the range of $2 million.

In some cases, buying only the F1 car’s chassis can be a cheaper alternative. But you must take into consideration that as time passes, you’ll have to invest tons of money into constructing that car pretty much from scratch.

And this is not all: you must cough up money for maintenance, insurance, as well as storage if you don’t have a large enough garage.

Things to Keep in Mind When Looking for an F1

The documents are vital because they ensure you get the real deal. Moreover, you should take a look at the serial numbers and the chassis. See if they match the ones that are written in said documents.

If possible, get the help of a specialist before you buy an F1. Trust me; you’ll need him and he will help you get the right car for you. He will also help you stay away from scammers.

It goes without saying that the price has to be feasible. Think about all the expenses besides the actual cost of the car. It would be a shame to purchase it just to keep it in your garage without being able to use it.

Where Can You Find an F1?

Surprisingly enough, you could buy a F1 on the Internet. Just search for “Formula one for sale” and see the results you get back. Also, you might want to check out Luxify, a site where you’re likely to find such luxurious and outlandish products.

Once you found one, you can make the demarches in purchasing it and then showing it off to your friends and family. They will surely want to drive it, too.