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Just approximations. So you're looking at 28 million dollars if you must entirely self fund/ find your own sponsorship, give or take. Pay drivers may have their own money or they have sponsorship from companies wanting to see them in F1.

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Here are the basic requirements for you to get your Super Licence:Over 18 years of age.International Grade A competition licence holder.Valid driving licence in your national country.Passing an FIA theory test on Formula 1 sporting regulations.Complete 80% of two seasons in qualified single seater championships.More items...

To compete in the FIA F3 European Championship you need an FIA International Race licence. The licence regulations are structured so many international kart drivers are not eligible for an International Race licence straight away.

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Path to Formula One: Super LicenseThey must hold an FIA International Grade A license.They must hold a current road license.They must be at least 18 years of age.They must pass a mandatory test concerning F1 sporting regulations.They must have spent at least two years in junior formula racing series.More items...?Aug 23, 2017

The current cost of a Super Licence is a flat rate (probably in the range of $10,000-20,000) plus an extra fee dictated by how many points the driver scored in the previous year's championship (if they are an existing F1 driver of course), meaning the better they perform the more they need to pay.