Man crashes his £1 million Ferrari just moments after leaving dealership

This was the moment the driver of a LaFerrari, one of the most expensive cars in the world, crashed while cruising along a busy road.

The accident happened in the Hungarian capital Budapest on Saturday afternoon and was captured on video by a fellow driver who was driving just behind the rare motor.

It all seemed to be going well until the driver of the high-speed car appears to have hit the accelerator hard, causing it to lose traction.
Unable to control the vehicle -a 950 horsepower hybrid that can hit 62 mph in under three seconds- the went off the road, smashing into the cars that were parked on the side.


No one has been hurt in the accident, but the driver, who has not yet been named, is certainly facing an expensive repair bill. 

Ferrari has only built 499 LaFerraris, which are said to come with a price tag of £1 million each. Their deliveries have only begun last year.

Photos show a large crowd gathering immediately after the accident, to check  damage inflicted on the rare vehicle. According to reports, the driver had only left the Ferrari dealership before his ride came to an abrupt end.

This particular La Ferrari was said to be registered in Slovakia. Immediately after the crash the driver reportedly jumped out of the car and rushed to remove the license plates, possibly over fears of being identified. 

It is the fourth crash known to involve one of Ferrari's most exclusive cars.The first took place in Monaco in 2014. This year a LaFerrari in China and another one in France also suffered the same fate.