Recently, it was reported the Nascar team co-owner's 'plan A' for his newly-granted F1 entry Haas Formula was to join the grid next season.
But he confirmed this week to F1 business journalist Christian Sylt: "From a personal standpoint, I really would have liked to go racing in 2015. It was hard to sit there and say no.
"Trust me, I really wanted to go," Haas told Forbes. "The first year is always going to be going to be tough but I think that by waiting a year we will probably only have six months of it being really tough because we will be better prepared."
Sylt said the extra year will give Haas time to set up its design and aerodynamics department in North Carolina, and find a satellite headquarters in the south of England.
"The plan is absolutely to launch in 2016 and we are fully committed to that," said Haas. "I don't think there is any doubt about that whatsoever."
Initially, the plan was to have the first Haas car built by the Italian manufacturer Dallara, while leaning heavily on Ferrari for technical support.
Haas said: "I think (by debuting in 2016) we will be a better team because we will have more time to plan and we will be able to do a lot more engineering in Kannapolis.
"We decided that it would be better to be 100 per cent sure we are going to make the race rather than scramble and not make the race," he added.
Haas will, however, be trackside this weekend in Montreal, as the Circuit Gilles Villeneuve hosts the Canadian grand prix.
"There's a lot of logistics that we are going to learn and this weekend we are going to be asking a lot of questions like 'How do you get that box from here to there?'" he said.
Also being reported from Italy is that Nicolo Petrucci, formerly Toro Rosso's aerodynamics chief and with links to both Ferrari and Dallara, could be set to join the Haas project.
05/28/14 Haas Formula will defer its Formula One debut until 2016, Motorsports.com reports. However, there has been no official acknowledgement from the team yet
The decision to wait an extra year will offer the organization more time to put its program together and align itself with the proper partners moving forward.