Ferrari driver wrecks supercar just an hour after he bought it

A driver in the United Kingdom has destroyed his Ferrari supercar in an accident after owning it for just one hour.

Police in South Yorkshire said the driver was able to walk away with just cuts and bruises after the Ferrari 430 "went airborne and burst into flames" in South Yorkshire on Thursday.

It's unclear what he paid for the car, but it was one of only 499 ever sold with an original list price of $288,000. These cars currently fetch between $80,000 to $220,000 according to one dealer.


Credit: South Yorkshire Police

In a statement on Facebook police added: "Officers asked the driver what sort of car he 'had' to which he replied 'It was a Ferrari'."

"Detecting a sense of damaged pride he then said 'I've only just got it, picked it up an hour ago'."

South Yorkshire Police said when officers arrived, firefighters were already dousing the car which was 50 meters off the main M1 freeway.


Credit: South Yorkshire Police

The Ferrari 430 Scuderia can reach 60 miles per hour in 3.3 seconds and has a reported top speed of 198 miles per hour.

But in an update Friday, police said they "do not believe excess speed was a contributory factor in this collision."

More from CNBC
This $1.2 million dollar flying car will transition from road to air in 3 minutes
Multimillion-dollar wheels: 5 of the rarest and most expensive cars ever sold
Universal basic income: A 'humane' idea whose time has come, or a $3 trillion black hole?

Read Full Story

Can't get enough personal finance tips?

Sign up for Finance Report by AOL and get everything from consumer news to money tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.