How much does it cost to own a NASCAR team?

Answer

An estimated cost of $20 million dollars per year goes into owning a NASCAR team, according a 2008 Washington Post article. The majority of this annual budget goes toward maintaining and upgrading the race cars, and teams can field as many as 14 to 20 cars. The engine, tires and chassis each have their own specific costs.

Engines, which are hand-built from scratch, cost anywhere from $45,000 to $80,000 and take more than 100 hours to build. The engines cannot be more than 358 cubic inches. The tires, which have no tread and are also made by hand, cost between $350 and $450 each for a total of $1,400 to $1,800 for four tires. Teams do not buy their tires, however. They lease 16 sets of four from Goodyear each race day, which pushes the total cost of tires to about $20,000 per race. Four types of race cars are seen on the track, the Ford Fusion, Toyota Camry, Chevrolet Impala SS and Dodge Charger, and each costs about $70,000. Total cost for the car alone is between $125,000 and $150,000. A $10,000 transmission has to be replaced or overhauled each week.

According to a 2012 Florida Times-Union feature, it costs $400,000 per week to sponsor a NASCAR team. Additional costs include a $5,000 per diem and engine costs, pit crew payroll of about $83,500, travel costs of $32,000 and an average of $185,000 for driver pay.

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