Rare Ferrari F40 worth £1million erupts in flames in Monte Carlo – as man tries to put it out with garden hose

A LIMITED-EDITION Ferrari worth £1million has been engulfed in flames in the streets of Monte Carlo.

Shocking footage shows the Ferrari F40 being destroyed by a fire, which started in the engine compartment.

But that didn’t stop one brave bystander from attempting to put out the blaze with a tiny stream of water from a garden hose.

Luckily, the driver was able to escape in time to avoid catastrophe, watching by as his pride and joy was destroyed in front of his eyes.

Shocked on-lookers were forced to retreat as massive plumes of smoke are sent into the air.

The incident was quickly brought under control by fire fighters before it could spread to nearby buildings.

Another photo shows the extent of the damage, with the luxurious model transformed into a burning wreck.

The F40 is recognised as one of the world’s finest cars ever made, with just 1,311 models produced from the late 1980s to the early 1990s.

The Italian supercar is powered by a twin-turbocharged V8 engine that allows it to go from 0 to 60mph in 3.8 seconds and reach a top speed of 228mph.

It’s not the first time a supercar has gone up in flames.

Last year, two McLaren employees managed to avoid disaster when their £1.75million prototype started to smoke at a petrol station.

The pair were test driving their employers model when it caught fire.