Ferrari Enzo Worth $1.5m Crashes Into Atlantic Ocean
A rare Edo Competition-modified Ferrari Enzo, valued at $1.5 million and driven by Zahir Rana, ended up submerged after a crash during a Canadian event.
A $1.5 million Ferrari Enzo, modified by Edo Competition to resemble the exclusive FXX, crashed into the Atlantic Ocean during the Targa Newfoundland rally in Canada. The incident occurred in September 2011, drawing global attention due to the car’s rarity and value.
The driver, Canadian businessman and car collector Zahir Rana, lost control of the Enzo after crossing a bridge and accelerating on loose gravel. The car slid, narrowly missing a boathouse before plunging into the water. Video footage of the crash and subsequent recovery quickly circulated online, highlighting both the drama of the incident and the scale of the loss.
Edo Competition Enzo: FXX Looks, Track Power
Rana’s Enzo had been extensively modified by Edo Competition, a German tuning company known for its work on high-performance exotics. The car featured bodywork styled after the Ferrari FXX, a track-only development of the Enzo, and a power increase to 840 horsepower. Edo’s modifications pushed the top speed to a claimed 380 km/h (236 mph), placing it among the world’s fastest road-legal Ferraris at the time.
The Enzo itself is already a rare supercar, with just 400 built between 2002 and 2004. Edo’s conversion made this example even more exclusive, blending road and track technology. The car’s value was estimated at $1.5 million, though similar low-mileage Enzos have since been offered for considerably more (see:almost-new-ferrari-enzo-for-sale).
Crash and Recovery
After the crash, both Rana and his co-driver escaped without injury. The Enzo was left partially submerged in salt water before being recovered by a local team. Video of the extraction showed the extent of the damage, with water entering the engine bay and interior. The car’s carbon fibre structure and electronics were exposed to the elements, raising questions about the feasibility of repair.
Rana later commented that he was grateful to be unharmed, viewing the loss of the car as secondary to personal safety. The crash joined a short but infamous list of high-profile supercar write-offs, including other rare Ferraris such as the F50 and 599 GTO. For more on rare Ferrari crashes, seeferrari-f50-gets-crashed-in-the-ukandferrari-599-gto-burns-in-dominican-republic.
Aftermath and Impact
The Enzo’s fate after recovery was not detailed at the time, but the combination of salt water exposure and extensive damage made restoration a complex proposition. The incident served as a reminder of the risks involved in driving high-value supercars on public rally stages, especially when performance modifications are involved.
