Ferrari Monza SP2 seized by cops after less than 30 minutes on the road as $11M of cars are impounded in a single weekend

An ultra-rare, ultra-expensive Ferrari Monza SP2, along with several other similar cars, was impounded in London, UK as part of a massive operation.

It sounds bad, but it gets worse.

The car was impounded for several reasons, but what matters is now the clock is ticking.

If the owner doesn’t act fast, the car could end being crushed.

Here’s what happened to this Ferrari Monza SP2

Earlier this month, the UK Metropolitan Police seized a rare, £3.7 million ($5 million) Ferrari Monza SP2 in London.

The 1-of-499 Ferrari had been shipped to London from Saudi Arabia and it was intercepted in Mayfair after spending less than a day in a country and around 30 minutes on the road.

The driver was pulled over for lacking a valid driver’s license and proper car insurance.

And the Monza wasn’t the only ‘victim’ as the people seized around 90 luxury cars in total, worth over £8 million – or $11 million – in total.

Apparently, this is a new record.

This is one of the rarest modern Ferraris

Introduced in 2018, the Ferrari Monza SP is limited to 499 units.

But what’s interesting is that there are two variants, and Ferrari never capped production based on the specific model.

Statistically, based mostly on anecdotal evidence, most Ferrari Monza SPs seen in public are the SP2 variant, as in the two-seater.

Under the hood, the vehicle features an 809-horsepower, 6.5-liter V12.

When it was new, the MSRP was north of €1.58 million – equivalent to $1.75 million.

But now you need a lot more than that.

In today’s market, a Monza SP is worth around $3 million to $4.5 million, with ultra-low-mileage examples pushing upwards of $5 million at auction.

What the police had to do to impound the car was unprecedented

The police made an important decision regarding the car.

Instead of towing the roofless hypercar on a flatbed, a police officer apparently drove a Ferrari Monza SP2 to the impound lot.

They had already actually loaded the car on the flatbed, but presumably they couldn’t figure out a way to transport it without issues and so they decided to not take any chances.

We daren’t imagine what would have happened if the police officer had damaged the car.

But apparently they didn’t, so we’re safe.

For now.

The thing is, under UK law, the owner has 14 days to provide valid licensing and insurance documents and pay all relevant penalty and storage fees to retrieve the vehicle.

So far, so normal.

But the problem is that, in theory, the vehicle in question risks being disposed of.

Which, translated into plain English, means crushed.

Some people would argue that crushing such a rare and valuable car would be a crime in and of itself.

And, generally, it doesn’t happen.

Generally, high-value impounded vehicles in the UK are frequently auctioned off by law enforcement rather than destroyed.

But authorities can be very unsentimental when it comes to this.

So we can only hope the owner paid what was due in time.