The world of Formula 1 is widely seen as being a glamorous ride for all involved, and if you want to attend a Grand Prix race as a spectator, it doesnít always come cheap.
Thereís the race ticket, plus merchandise, event-priced food and drink, getting there, staying there, not to mention, if you really fancy splashing serious cash, getting paddock (ie: pit lane access) passes.
With the British Grand Prix at Silverstone just days away, Experian CreditExpert has come up with some money-saving tips to help you make the most of your grand prix weekend without having to dig too deep in your pockets & make unnecessary financial pit stops.
Go to see qualifying instead ñ you want to see Formula 1 cars? Itís cheaper to go on Saturday for the race for grid positions; itís also less crowded and often more exciting. F1 races can be a procession anyway, but on Saturday pole position changes hands on a regular basis with the big names racing against the clock.
Camp close to the track ñ F1 fans donít generally rough it like rock festival crowds, but you could avoid spending big on hotels by using the professional, clean and organised camping facilities you can find at Silverstone.
Get your merchandise beforehand- buying your team caps, diecast models and t-shirts can be at a premium when you are there. If you know what youíll want, look for it online or in the high street before the event, or if you see something you like make a note and hunt it down afterwards.
Picnics are best ñ likewise, you might want to see if you can do better than the sometimes questionable quality and value-for-money of the food at Grand Prix venues, so bringing your own lunches and snacks could be worth doing, with plenty of grassy knolls to spread out on.
Share your transport ñ the huge car park queues at Silverstone are matters of legend – try and help reduce the burden by pooling resources to hire a van, share a car or go by public transport if youíre not too laden with baggage.
Combine it with a holiday ñ Watching F1 abroad can often be cheaper and easier to get to, so why not kill two birds with one stone and do a Budapest city break/F1 race weekend, or mix the legendary Monaco GP with a stay in nearby Nice, or even further afield to visit Melbourne or Singapore.
Watch it all at home ñ AlternativelyÖ.all the races are live on TV, including qualifying sessions. Yes, youíll miss the amazing sounds, views and smells of a F1 event, but itís in high-definition, you wonít get wet if it rains, and you wonít have to wait for hours in a queue for the car park!
Remember that taking care of your finances is a key factor in how you may get credit now and in the future. Get into the habit of reviewing your Experian credit report on a regular basis, as the more you know about how your credit report works, and how lenders use it, the easier it is to take control of your credit status ñ and increase your chances of being offered the best credit rates when you need it.
Your credit report includes details about whether youíve kept up to date with payments on loans and credit cards, and the total level of credit that you already have. Make sure everything is accurate and up to date, and query anything that isn’t.
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