A Ferrari driver was left counting the cost in Adelaide after crashing his newly-purchased , uninsured sports car into a tree on Wednesday night , seriously injuring a male passenger . The passenger was badly injured after the driver of the Ferrari , reportedly purchased only a week ago , smashed into a tree in the Adelaide suburb of North Brighton . The crash involving the 1991 Ferrari 348 , worth between $ 90k and $ 110k and sporting 'Plesur ' number plates , took place at around 8.25pm on King George Avenue . Scroll down for video . A passenger was badly injured after the driver of the Ferrari , bought only a week ago , smashed into a tree in the Adelaide suburb of North Brighton . Despite the driver coming out of the accident unscathed , his male passenger suffered head and leg injuries . A South Australia Ambulance spokeswoman said the passenger was conscious when paramedics attended the scene and was taken to Flinders Medical Centre . Traffic Superintendent Garry Stewart said that speed was likely a factor and there was no evidence of drink-driving . The passenger was conscious when paramedics attended the scene and was taken to Flinders Medical Centre . The Adelaide Reporter reports that Superintendent Stewart said the driver took a corner just before he lost control of the supercar . ‘ Yes , I would say speed was a factor , ’ he said . ‘ There ’ s no evidence of drink-driving on the driver ’ s behalf. ’ The crashed 1991 Ferrari 348 is thought to be worth between $ 90k and $ 110k . The Advertiser also reported that the owner had only purchased the 1991 Ferrari 348 a week ago and it was uninsured . King George Avenue was closed to traffic near the crash scene for about two hours .
Driver crashed his uninsured sports car into a tree on about two hours . The Ferrari was reportedly purchased by the owner only a week ago . A male passenger was also seriously injured in the crash . The 1991 Ferrari 348 is worth between $ 90k and $ 110k . The passenger was conscious and was taken to Flinders Medical Centre .