A Chinese woman purchased a Ferrari by the rental dealership for the astronomical import price of nearly $650,000, worth Rs.

4.5 crore and ended up crashing it within minutes of driving it.

The video clip shows, The woman waiting at the lights, she points the camera at the Ferrari’s dashboard and says: ‘’First time driving a Ferrari. This truly is the most amazing feeling.’’

The driver loses control and spinning out across the road, in Wenling city in eastern China. The Ferrari hits a white BMW X3 after running through the central reservation. The front end of the Ferrari 458 completely destroyed and its airbags deployed.

Social media users have suggested the woman may have turned off the car’s traction control before the crash, which would explain how the vehicle suddenly spun out of control.

Fortunately, nobody was seriously injured but it is not clear if the woman was insured whether it would cover the damage.