Luca di Montezemolo doubts a cost cap would work in Formula One as teams - including Ferrari - could "cheat."
Recently it was confirmed that in 2015 a cost cap would be introduced in a bid to ensure not only the survival of the existing teams but to persuade another to join.
And although the Ferrari president concedes that rising costs are hurting the sport, forcing teams to turn to pay drivers, he is worried that a cost cap is not the right move.
"For the first time it has been said that we have to define a [cost] cap. You know why I have doubts about the cap - because it is very easy to cheat - particularly for [manufacturer] teams. And Ferrari could be one," he told Autosport.
"I could go to Chrysler in Detroit to ask them to do something for us. Mercedes could ask their company.
"We have to find something that is credible but the cost is the problem number one."
He added: "If we look at the teams today, in my whole career of F1, I have never seen teams survive with the money of the drivers.
"This year all the movements of the drivers has been basically based - except for [Kimi] Raikkonen to Ferrari - based on what money drivers can give to the teams.
"This is for Force India, for Sauber, for Lotus and for Williams. It is not healthy..."
The Italian added that should a cap be implemented that it must be up to the FIA to decide what things should cost.
"The cost cannot be decided by the technicians - because if so we will never achieve it.
"The only way to approach this is to say to the FIA that all the teams are unanimous in agreement to cut the costs. Do whatever you want - come back to us with a proposal that for sure can decrease the costs in a heavy, heavy way. Then we adjust ourselves.
"We have to achieve a goal to decrease in a heavy way the costs."