Expensive Ferrari F430 Trashed

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A chilli red Ferrari costed S$720,000 crash along Nicoll Highway early morning. The very lucky 36-year-old driver, Mr. Chris Lim Chai Meng walks away almost unharmed. An SCDF spokesman said Lim had only minor cuts on his arms and forehead. The badly mangled Ferrari F430, (had a highly auspicious registration number SJV 82D) had mounted the kerb, hit a guardrail, flipped a couple of times and then a tree. According to insurance record, the SGD $720,000 car was scrapped and sold for $10,800.

Some local Internet forums had reported seeing the same red car speed excessively along the expressway a day before the crash. Mr. Lim, owner of the nearly S$720,000.00 car, is an IT Professional working for SLA (Singapore Land Authority) Technology and Infrastructure Department. Lim paid S$370,000 cash for this car and took a 10-years loan of S$350,000. He was still paying S$4,229.00 per month for the next 10 years. See eldus.com. His current employer must have pay him rather well.

Photo Credit: Flickr.

Interesting facts about Ferrari F430 Scuderia: Scuderia meaning “stable of horses”. It is used in the context of motor racing teams. Aimed to compete with cars like the Porsche RS-models and the Lamborghini Gallardo Superleggera (superleggera meaning super light weight), the Ferrari F430 Scuderia is lighter and more powerful than the standard F430. Increased power comes from a revised intake, exhaust, and an ion-sensing knock-detection system that allows for a higher compression ratio. Thus the weight-to-power ratio is reduced from 2.96 kg/hp to 2.5 kg/hp. In addition to the weight saving measures, the Scuderia semi-automatic transmission gains improved “Superfast”, known as “Superfast2″, software for faster 60 millisecond shift-times. A new traction control system combines the F1-Trac traction and stability control with the E-Diff electronic differential. The Ferrari 430 Scuderia does 0-100 kilometres per hour in 3.6 seconds, with a top speed of 319 km/h. Ferrari claims that Ferrari F430 is faster than a Ferrari Enzo. Its performance blew away any Lamborghini.

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