Ferrari F40 supercar worth more than £1.5million is towed away by police due to no insurance

A £1.5million supercar was seized and hauled away by police after being driven without insurance.

The Ferrari F40 was towed on March 31 in Lowestoft, Suffolk, leaving the owner having to pay a £150 recovery fee and daily storage costs until they collect it.

Police shared images of the luxury vehicle, which has a top speed of 201mph, being taken away while strapped to a tow vehicle.

Officers said the driver had only recently purchased the Ferrari when they were caught driving it illegally.

According to the law, the driver will get the pristine red vehicle back only once they have bought an insurance policy. 

The supercar, worth in excess of £1million was seized by police on Friday 31 March, after police found that it was being driven without insurance

The Ferrari was pulled over in Lowestoft, Suffolk. Police posted a set of pictures on Facebook showing the moment the Ferrari was towed away

But until then, they will be charged for storage every day until the car is collected. 

And, they will also be slapped with a £150 recovery fee.

The police team posted a set of pictures on Facebook of the moment the Ferrari was being towed away.

They accompanied it with a post that read: ‘Following a few checks turns out this really expensive car which was recently purchased, did not have any insurance… oh man, bad times.’

The team added: ‘Driver dealt with for no insurance and vehicle seized… recovery looked well panicked when they turned up!!

‘Well done team.’

The police team posted a set of pictures on Facebook of the moment the Ferrari was being towed away. One photo included the bright red car being strapped up to a tow vehicle

A Suffolk Police spokesman said: ‘The vehicle was removed by a recovery company and the driver is able to get it back once they prove a policy of insurance has been bought.

‘They also have to pay a £150 recovery fee and daily storage costs until they collect it.’ 

According to Ferrari’s website, the F40 was first built in 1987 to celebrate the 40th anniversary of Italian luxury sports car manufacturer’s production.

What makes the vehicle so incredible and sought after is that there were only 1,311 made, according to the company.

For those that are lucky enough to own one, it has a top speed of 201mph (324km/h).

The cars regularly sell for more than £1m with some examples fetching in excess of £2m.