Back in September, a Canadian resident saw his $235,000 Ferrari F430 Scuderia confiscated after it was caught doing 124mph in a 37mph zone. Apparently, the owner of the Ferrari was racing a $75,000 BMW M6 that was also confiscated during the whole speeding ordeal. The two morons almost hit a mother walking with her children, so we don’t blame the Canadian police for taking away the two vehicles and giving the idiotic drivers 15-day driving bans.
"Our laws now work to take vehicles away from reckless drivers before they hurt someone, because they are demonstrating no regard for the safety of themselves or others on our roads," said one of the policemen. "This is probably the first time it’s been used at this level. We decided to use this particular new [forfeiture] section on this particular case, and I’m glad we did."
But there’s always a silver lining to every dark cloud. In this case, that silver lining comes in the form of an auction that saw the Ferrari F430 Scuderia being sold for $306,000 - quite a boost from its $235K price tag. The money will be divided between the vehicle’s owner and the government in an 80/20 split which is surprisingly fair considering the danger the driver put pedestrians in. Basically, the driver of the Ferrari walked out of there with more money than he paid for the car originally. We’re figuring, after the subtraction of the $235K, the owner saw a profit of about $10K. Depending on the fines given to him for his ignorant spectacle, he could actually make money on this deal.
The BMW M6 will be auctioned sometime next week. You never know, this guy may be able to turn a profit as well.