Road race costs man his $235,000 Ferrari

MATT KIELTYKA, QMI Agency

, Last Updated: 6:53 PM ET

VANCOUVER, B.C. - Crime doesn’t pay.

One North Vancouver driver learned that the hard way after a 200-km/h race up Mount Seymour in September that cost him a $235,000 Ferrari.

The provincial government announced Tuesday the 2008 Ferrari Scuderia, which was forfeited after RCMP stopped the race, was sold to a local dealership.

The second car in the race, a 2008 BMW M6, will be auctioned on the province’s B.C. Auction website, www.bcauction.ca.

The Italian sports car is the most expensive vehicle impounded by the province since B.C.’s civil forfeiture legislation was introduced in 2006.

Fifty per cent of the proceeds from the sale went to a relative of the driver listed as the owner of the vehicle. The un-named Ferrari driver gets 30% and the province cashed in on the remainder.

The government will collect 70% of the proceeds from the auctioning of the BMW.

The Ferrari driver was clocked doing 200-km in a 60-km/h zone and police say the racers narrowly missed a mother walking her two children.

“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 solicitor general Rich Coleman in a statement.

At the time, the street racers each received immediate 15 day driving bans and both cars were impounded.


Videos

Photos