In general terms, Formula cars are purpose-built for driving on a racetrack and are designed around specific regulations or “formulas” that creates parity between competitors. This includes engine capacities, size, weight, aerodynamics and technology aids, etc. Formula 1 is a Global Championship and is the pinnacle of motor racing – the Olympics of Motorsport. Only the very best drivers in the world will compete at this level. Formula 2 is the stepping stone to F1, usually, the series champion will ascend to F1 the following season. Formula 3 is typically a national racing series. Formula 4 is can be a regional or national racing series. Formula 1 is the fastest, followed by F2, F3 then F4, each formula being slightly smaller and lower performance.