Schumacher had been bidding for a Q3 spot in Jeddah when he lost control of his VF-22 on the exit of Turn 10 – the car spinning and crashing into the concrete wall on the outside of Turn 11 .
He then slid on the track before hitting the barriers on the other side of the circuit, and finally came to a stop at turn 12.
While Schumacher escaped injury in the accident and was released from hospital later that evening after precautionary checks, his car did not escape so easily.
With all four corners impacted and the gearbox falling off when lifted by the stewards, Haas was well aware that the damage bill would be high. A subsequent investigation of the car in the Haas garage confirmed that almost nothing came out of it intact.
Team boss Gunther Steiner said: “The chassis itself doesn’t look broken. The infrastructure side yes, but you can modify them.
“Obviously we have to do a proper chassis check, but it looks like it’s not too bad to be honest.
“The engine too, I was told from Ferrari, seems to be fine. The battery too. But then everything else is broken!
Debris from crash of Mick Schumacher, Haas VF-22, on track
Photo by: Sam Bloxham / Motorsport pictures
When asked what the likely damage bill would be, Steiner estimated it could be as high as $1 million.
“I think the cost is quite high because all the suspension is gone: except the front left. I think there’s still something in there,” he added. “The rest is just carbon powder.
“I don’t know in terms of money, but between the gearbox, all the bodywork is gone, the radiators are gone – $500,000 to $1 million, I’d say.”
With F1 teams facing strict spending limits this year due to F1’s budget cap, Steiner said teams have had to put aside a rough estimate of damage costs. So while Schumacher’s accident didn’t affect things too much, a series of repeated incidents would cause a bit more headache.
“There is a nominal amount [set aside]but in a racing team you can never stick to your budget like in a normal business venture because you have that risk,” he said.
“Obviously you have a contingency there. But if you have two or three like that: quite quickly your contingency is no longer there.
“It’s a loss. So you just have to manage. Of course, I hope we don’t have many more.