From CNBC:

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.

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’.”

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Police in South Yorkshire added: “Following on from speaking to a number of witnesses officers do not believe excess speed was a contributory factor in this collision. All the collision investigators on Facebook, take note.”

According to Ferrari’s website, F1 racing legend Michael Schumacher “spent a lot of time testing the 430 Scuderia when it was being developed.”