Video: watch a £1 million LaFerrari crash on the street in Hungary

Ferrari will only ever build 499 LaFerraris. How many LaFerraris it’ll have to rebuild in the coming years, however, is quite another matter.

At least one, to judge by this grainy cameraphone clip from Budapest, Hungary. Hit play above to witness a driver of the 950bhp hyper-hybrid getting things very, very wrong on a city street.

Apparently deploying a burst of V12-plus-electric torque that exceeded either (a) the available grip or (b) his talent, the driver enjoys a brief meeting with our old friend ‘snap oversteer’ before thudding into a line of parked cars on the roadside.

Local reports suggest no one was injured in the incident, but the LaFerrari suffered extensive damage to its front end. The damage to the driver’s ego, Top Gear suggests, might be even more difficult to repair.

If you’re looking for something a little easier to handle, Mr Budapest Billionaire, might we suggest the four-wheel drive Porsche 918? Or, um, a Dacia Sandero?