This Jordan F1 is a lot cheaper than you think
I'm serious. It really is reasonably priced
Formula 1 cars are often sold at auction to private collectors - Sebastian Vettel recently bought a Williams, for example - but they almost always cost a fortune. Sometimes, however, a combination of factors keeps the price low and that's definitely the case with this 2002 Jordan F1 car, which was just sold for £167,500. Around the same as a brand new Honda NSX.
The Jordan EJ12 competed in the 2002 F1 Championship with Takuma Sato and Giancarlo Fisichella at the wheel with mixed results. Fisichella managed to grab two fifth-place finishes while Sato only managed to score two points at the Japanese Grand Prix. This particular example was used by Sato in pre-season testing at Silverstone in January 2002 but we don't know whether it actually raced because the listing doesn't say anything about that. Only five units were built, two were destroyed, one was stolen and the other one is part of Honda's heritage collection, which means this is the only one that's ever going be sold. Presumably.
Part of the reason why it's so 'cheap' is down to the fact that the original Honda V-10 engine was replaced with a Judd KV8 Zytec S3000 from a Formula 3000 car, paired with a Lola/Hewland sequential transmission. This certainly tarnished the value but it also made the car more usable, should the owner actually decide to take it on a track day.
It comes with 3,106 miles on the clock, only 500 of which with the new engine, multiple sets of spare tyres, plus spare parts and tools. Judging from the description in the original listing, it kinda sounds like the previous owner underestimated the sheer cost of keeping a Formula 1 car in good shape, and maybe that's why they sold it for just over £160k which, for an actual F1 car with an F1 chassis, is a bit of a bargain.