AN investigation is underway after a £240,000 supercar, thought to have been hired for a wedding, crashed into a wall in Burnley.

The white Ferrari 458 Spider was badly damaged in the collision near the junction of Cameron Street and Spencer Street, around 2pm.

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And pictures of the stricken Ferrari, posted online by Lancashire Road Police and the North West Motorway group, have already gone viral.

University student Vaqas Gulraiz, 21, whose family home was involved in the drama, said: “You could hear the car all over the estate. I was in the front bedroom and saw the Ferrari coming down Spencer Street when he just seemed to lose it and crash into the wall.

“I think the lad who was driving, it was his wedding. And the girl in the passenger seat was one of his cousins.”

The two-seater vehicle, which has a top speed of 199 mph, was on hire from Birmingham-based Platinum Executive Hire and the wedding ceremony is understood to have been booked for a venue in Manchester.

Vaqas added: “The council has been around and told us to claim on the insurance but we’ll probably just rebuild it. It’s just lucky no-one was hurt really.”

Self-styled entrepreneur ‘Lord’ Aleem, whose father Saleem owns the Birmingham hire company, confirmed that he was not behind the wheel.

He said on Twitter: “At least people in Burnley have something to talk about for a few weeks. Thanks for all the kind messages. I wasn’t at the wheel, and nobody was injured, that’s the main thing, have had a lot worse in business.”

He says he is confident that he can get the supercar back on the road within three weeks, once it is returned to his custody from the north-west.

“However what I will say is that these powerful machines require driver skill and they shouldn’t be taken as a joke. Drive safe,” he added.

Police initially taped off the scene before the Ferrari was taken away to a nearby garage on a low loader.

A police spokesman said: “We were called around 12.40pm on Sunday after reports of a collision on Abel Street in Burnley.

“Officers attended and found a white Ferrari Spider car had collided with a wall. The male driver, aged 25, was uninjured. No arrests were made.”