When it comes to luxury cars, we all expect to pay through the nose for vehicles, with the saying ‘you get what you pay for’ never being so relevant.
This is why at Cars for Stars, we were rather confused to see a stunning Ferrari up for sale for just £200. That’s right; £200! As a car brand renowned for its colossal price tags, we understandably wanted to find out what the catch was.
Well, as it turns out, the Chinese police are currently in possession of the beautiful supercar, taking it into their depot after it was involved in a traffic accident.
Because the vehicle was uninsured, Chinese authorities dubbed it useless, saying it was only good for scrap metal. They also struggled to find any official information regarding the car, making it illegal to drive in the county.
The Ferrari 599 is however in full working order and actually worth £100,000 in today’s market. If sold for the guide price of £200, it will be the cheapest Ferrari in the world.
A spokesperson for the court said: “There is no information about this vehicle at the Vehicle Management Office, so it’s non-transferable and can’t be driven.
“That’s why it’s so cheap – we viewed it as scrap metal, and its scrap evaluation came to £276 (2,430 RMB). We then offered a 30 percent discount on that for our auction.”
Whoever does bag this amazing vehicle will be liable to pay £1,140 in unpaid parking fines; a small price to pay when looking at what it could potentially get on the re-sale market.
Are you a Ferrari-lover? If so, check out our incredible range of Ferraris available to hire in your area. Popular for weddings, birthdays, proms and airport transfers, the collection available through us to second to none!