The driver of one of the top ten most expensive cars in the world has been filmed crashing it into three parked cars in Budapest, Hungary.

Video shows the red LaFerrari, one of only 499 made and valued at $1.9 million, swerving across the road and careening into the cars on Saturday afternoon.

According to Hungarian news website Origo the driver of the prestigious hybrid supercar had pulled out of a Ferrari dealership moments before he lost control.

No-one was hurt in the incident.