In case you hadn’t heard, F1 and Red Bull will sell you a racing simulator for $120,000. But if you’d rather buy say, a really nice Porsche , or a house with that money, we’d understand.

So F1 and Red Bull Racing have a solution that’ll address both those problems: You can spend that sum on a high-end racing simulator, similar to the ones actual F1 drivers use.

This high-tech simulator allows users to select any car, built it to a specification, and race it on any laser-scanned circuit in the world, as former F1 racer Timo Glock shows in the video below.

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Each of the ten F1 Sim racing teams enters three drivers in three racing events. The racers are physically at the EFG studio in Stockholm, Sweden, with individual F1 simulators linked by Wi-Fi.

Compatible with Playstation2, Playstation3, Xbox, Xbox 360, Wii and PC, the Playseat F1 Red Bull game simulator is also designed to work with all “steering wheel and pedal sets” on the market.