| Qualifying Session - Saturday | |||||||
| 1 |  | Fernando Alonso |  | McLaren | 1:20.425 | 1:19.661 | 1:19.674 |
| 2 |  | Lewis Hamilton | | McLaren | 1:19.570 | 1:19.301 | 1:19.781 |
| 3 |  | Nick Heidfeld |  | BMW Sauber | 1:20.751 | 1:20.322 | 1:20.259 |
| 4 |  | Kimi Raikkonen |  | Ferrari | 1:20.435 | 1:20.107 | 1:20.410 |
| 5 | | Nico Rosberg |  | Williams | 1:20.547 | 1:20.188 | 1:20.632 |
| 6 | | Ralf Schumacher |  | Toyota | 1:20.449 | 1:20.455 | 1.20.714 |
| 7 |  | Robert Kubica | | BMW Sauber | 1:20.366 | 1:20.703 | 1:20.876 |
| 8 |  | Giancarlo Fisichella |  | Renault | 1:21.645 | 1:20.590 | 1:21.079 |
| 9 | | Jarno Trulli | | Toyota | 1:20.481 | 1:19.951 | 1:21.206 |
| 10 |  | Mark Webber |  | Red Bull | 1:20.794 | 1:20.439 | 1:21.256 |
| 20 | | David Coulthard | | Red Bull | 1:21.291 | 1:20.718 | |
| 7 | | Heikki Kovalainen | | Renault | 1:20.285 | 1:20.779 | |
| 12 |  | Alexander Wurz | | Williams | 1:21.243 | 1:20.865 | |
| 3 |  | Felipe Massa | | Ferrari | 1:20.408 | 1:21.021 | |
| 15 | | Anthony Davidson |  | Super Aguri | 1:21.018 | 1:21.127 | |
| 19 | | Vitantonio Liuzzi |  | Toro Rosso | 1:21.730 | 1:21.993 | |
| 17 | | Jenson Button |  | Honda | 1:21.737 | ||
| 18 | | Rubens Barrichello | | Honda | 1:21.877 | ||
| 19 |  | Takuma Sato | | Super Aguri | 1:22.143 | ||
| 20 | | Sebastian Vettel | | Toro Rosso | 1:22.177 | ||
| 21 | | Adrian Sutil |  | Spyker | 1:22.737 | ||
| 22 | | Sakon Yamamoto | | Spyker | 1:23.774 | ||
| Budapest, Hungary | |
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Fernando Alonso (McLaren) was given a five-place grid penalty for impeding team mate Lewis Hamilton during a qualifying pit stop. Giancarlo Fisichella (Renault) was given a five-place grid penalty for impeding Sakon Yamamoto (Spyker). | |