Second-hand car buyer slams into back of US$153,000 Maserati just seven minutes before insurer insists policy takes effect
A man in eastern China who crashed into a luxury car on the day he bought his own second-hand vehicle is facing a repair bill of more than 100,000 yuan (US$14,000) for both cars.
However, his insurer refused to cover the damage, saying the policy was still seven minutes from taking effect.
According to Zhejiang Television, a man surnamed Ma from Taizhou in Zhejiang province took out a loan of 115,000 yuan (US$16,000) to buy a second-hand car.
On August 4, Ma picked up his car from a showroom and bought commercial insurance for 3,995 yuan (US$560).
