Kid Burns His $200,000 Ferrari So His Dad Will Buy Him The Newer Model

The son of a Swiss businessman had his day in court this week, after he allegedly set his Ferrari on fire to collect insurance money, Swiss newspaper 20 Minutes reported.

The spoiled child said that a car dealer advised him to commit insurance fraud, and he developed a plan for his friends to torch the car. The master plan was exposed by cameras that revealed who did the crime.

The 20-year-old son of a Swiss millionaire set fire to a Ferrari so he could get a newer model.

The man got 22 months of probation and a fine of 30,000 euros Wednesday after he and three accomplices crossed the border to Germany to set his three-year-old Ferrari ablaze.

Why would he set his Ferrari on fire? The then-19-year-old wanted to put the insurance money toward a newer model, according to the 20 Minutes report, as translated by the New York Daily News.

VIDEO: Kid burns his Ferrari so he can get a newer one