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5540 LEGO Model Team Formula 1 Racer thumbnail image

5540 LEGO Model Team Formula 1 Racer
Images 6
5540 LEGO Model Team Formula 1 Racer
  • Formula 1 Racer thumbnail
  • Formula 1 Racer thumbnail
  • Formula 1 Racer thumbnail
  • Formula 1 Racer thumbnail
  • Formula 1 Racer thumbnail
  • Formula 1 Racer thumbnail

LEGO 5540 Formula 1 Racer is a vintage Model Team set from 1986 valued at $280 for new and sealed sets, up 600% from an original retail price of $39.99. Annual appreciation has averaged 3.66% since release. On the used market, values range from $73 to $101 based on condition. Secondary market prices for new and sealed sets typically fall between $280 and $369.

Set Value (New/Sealed)

This chart represents the current new/sealed value of the set Formula 1 Racer since November 2016. Very high accuracy
LEGO 5540 Formula 1 Racer is a 451 piece Model Team set released in 1986 and includes two build options: a primary Formula 1 race car and a secondary biplane model. The main build features a detailed V8 engine beneath a removable rear cover, wide rear tires, and functional steering integrated into the front axle. The set uses a combination of standard bricks and specialized Model Team elements to emphasize mechanical detailing. Numerous stickers and printed parts are included.

A new and sealed Formula 1 Racer is currently valued at around $280, with annual growth of approximately 2%, which is lower than other Model Team sets. The average used price is $84 for those in good overall condition. New and sealed listings currently range from $280 to $479. Based on current trends, this set could be valued near $290 within the next year.
All regions

For Sale (New/Sealed)

 (US) *** Best US listing for Formula 1 Racer ***
BrickEconomy Choice
$498.50
(FR) Box a bit cracked and foil detached. But all contents are sealed. See my picture $274.60
-1.9%
(US) This set is Brand New and Sealed. We are the original owner and bought it new off the... $280.00
(US) This set is Brand New and Sealed. We are the original owner and bought it new off the... $280.00
(CA) MISB. Price sticker 3"x1" $319.85
+14.2%
(NO) Minor shelf wear. Price sticker on front top right corner. Ask for pictures if condit... $378.79
+35.3%
(US) Model Team Set 5540 Racer Formula One, Indy Car, Grand Prix $498.50
+78.0%

Sales Distribution (Last 90 Days)

This chart shows the distribution of sales for the past three months of new/sealed 5540 Formula 1 Racer.

Sets in Model Team

5571 Giant Truck

Theme Model Team
Year 1996
Pieces 1,757
Availability Retired
5571 LEGO Model Team Giant Truck
Retail $139.00
Value $996.67
Growth  +617.0%
Annual growth 3.9%

5591 Mach II Red Bird Rig

Theme Model Team
Year 1994
Pieces 1,172
Availability Retired
5591 LEGO Model Team Mach II Red Bird Rig
Retail $109.99
Value $797.12
Growth  +624.7%
Annual growth 4.0%

5590 Whirl and Wheel Super Truck

Theme Model Team
Year 1990
Pieces 1,063
Availability Retired
5590 LEGO Model Team Whirl and Wheel Super Truck
Retail $79.99
Value $694.67
Growth  +768.4%
Annual growth 4.6%

5563 Racing Truck

Theme Model Team
Year 1999
Pieces 788
Availability Retired
5563 LEGO Model Team Racing Truck
Retail $79.99
Value $848.15
Growth  +960.3%
Annual growth 5.5%

5581 Magic Flash

Theme Model Team
Year 1993
Pieces 784
Availability Retired
5581 LEGO Model Team Magic Flash
Retail $79.00
Value $485.17
Growth  +514.1%
Annual growth 2.8%

5561 Big Foot 4x4

Theme Model Team
Year 1997
Pieces 761
Availability Retired
5561 LEGO Model Team Big Foot 4x4
Retail $88.00
Value $652.60
Growth  +641.6%
Annual growth 6.3%

5580 Highway Rig

Theme Model Team
Year 1986
Pieces 667
Availability Retired
5580 LEGO Model Team Highway Rig
Retail $79.99
Value $825.32
Growth  +931.8%
Annual growth 4.6%

2556 Ferrari Formula 1 Racing Car

Theme Model Team
Year 1998
Pieces 580
Availability Retired
2556 LEGO Model Team Ferrari Formula 1 Racing Car
promotional
Value $235.52
Annual growth 8.0%

5550 Custom Rally Van

Theme Model Team
Year 1991
Pieces 525
Availability Retired
5550 LEGO Model Team Custom Rally Van
Retail $49.50
Value $349.99
Growth  +607.1%
Annual growth 3.9%

5542 Black Thunder

Theme Model Team
Year 1998
Pieces 483
Availability Retired
5542 LEGO Model Team Black Thunder
Retail $39.99
Value $171.77
Growth  +329.5%
Annual growth 3.6%

10151 Hot Rod

Theme Model Team
Year 2004
Pieces 421
Availability Retired
10151 LEGO Model Team Hot Rod
Retail $39.99
Value $225.00
Growth  +462.6%
Annual growth 8.2%

5541 Blue Fury

Theme Model Team
Year 1995
Pieces 419
Availability Retired
5541 LEGO Model Team Blue Fury
Retail $39.50
Value $286.64
Growth  +625.7%
Annual growth 5.2%

5521 Sea Jet

Theme Model Team
Year 1993
Pieces 401
Availability Retired
5521 LEGO Model Team Sea Jet
Retail $36.49
Value $177.34
Growth  +386.0%
Annual growth 4.9%

5533 Red Fury

Theme Model Team
Year 1999
Pieces 393
Availability Retired
5533 LEGO Model Team Red Fury
Retail $54.00
Value $140.61
Growth  +160.4%
Annual growth 3.8%

5510 Off-Road 4x4

Theme Model Team
Year 1986
Pieces 285
Availability Retired
5510 LEGO Model Team Off-Road 4x4
Retail $24.99
Value $201.44
Growth  +706.1%
Annual growth 6.3%

My Collection

Formula 1 Racer Reviews

47 reviews
4.8
Collectors
Investors
BrickEconomy Member Review
“This set features two impressive models, with the standout being the F1 Racer. Its stunning engine detail and working steering, along with the wide rear tires and iconic rear spoiler, make it a fun and highly realistic build. The biplane is also well done, but the racecar steals the show, capturing the essence of 1980s F1 design.”
Brickset
Great model of a mid-80's F1 car. — “The engine compartment is nicely detailed complete with black and clear yellow hoses and the rear wheels are accurately much wider than the fronts. The rear wing is particularly beautiful featuring the smaller "winglets" that was an aerodynamic design particularly popular in... More 1984.”
Full review at brickset.com

About Model Team

The LEGO Model Team theme introduced in 1986 included larger scale vehicle models with more attention to details, such as steering and drive functionality as well as visual realism of the vehicles. Model Team was discontinued after 1999 and replaced by the Creator theme.
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