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Richard Hammond Reveals He Was Forced To Sell His Ferrari To Pay Rent

Richard Hammond Reveals He Was Forced To Sell His Ferrari To Pay Rent

Richard Hammond has revealed that he was once forced to sell his beloved Ferrari to make ends meet when a landlord demanded six months of rent from him.

The star of The Grand Tour explained how he moved house to be near to the Top Gear studio, but quickly decided to move back because of his family.

Upon moving back, the landlord of the rented property demanded six months of rent up front, which amounted to about the price of a 1998 Ferrari 550 Maranello.

As it turned out, Hammond had exactly the car for the price.

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Now, he has been reunited with his beloved car for an episode of DriveTribe, a YouTube show presented by Mike Fernie and Harry Metcalfe, and explained how he came to part with it in the first place.

Hammond told of how he and his family decided to relocate from Gloucestershire after commuting to London, but realised almost straight away that it wasn't for them.

So, they returned to their previous home, only to be slapped with a large rent bill.

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The Hamster explained: "I was working at Top Gear based in London, to and from, it was just killing me. I wanted us to be together as a family, so we decided, 'right, there's nothing for it, we're living in a rented house. We're going to move'.

"So we gave up on the rented house, we rented another house closer to London and we moved lock, stock and barrel.

"So I had six cars...we shifted them all over there. The last drive I did in this [the Ferrari] was in the lashing rain to the house in Penn, Buckinghamshire. We pulled up outside the house we'd rented."

Hammond was reunited with his beloved car for a recent YouTube video. Credit: YouTube/DriveTribe
Hammond was reunited with his beloved car for a recent YouTube video. Credit: YouTube/DriveTribe

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Nowadays, Richard doesn't struggle. He's reportedly worth £28 million. However, at the time, he simply had to do the right thing for his wife and two daughters.

Hammond continued: "We moved in on the Saturday. Three removal vans, and on the Sunday morning I'd been talking to the girls and I looked at them in this new context...

"This doesn't work for us. We don't fit here. So the following morning, the removal guys came to take the last few bits and I said put it all back on.

"But the guy I rented the house from in Penn held me to six months' rent, which amounted to what this [the Ferrari] was worth.

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"I mean, I'm flat broke, I had a Ferrari, but I had no income to cover it. So I had no choice, it had to go.

"I had to sell it to pay the rent on a house I wasn't living in.

"So I gave it away, effectively."

Hammond and his cronies are probably OK now, though. Credit: PA
Hammond and his cronies are probably OK now, though. Credit: PA
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Don't worry though, Hammond's days of financial hardship are over now, and he can probably afford whatever car he wants.

The Grand Tour is available on Amazon Prime Video now.

Featured Image Credit: PA

Topics: TV and Film, Celebrity, Money, UK Entertainment, Cars

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Tom Wood

Tom Wood is a LADbible journalist and Twin Peaks enthusiast. Despite having a career in football cut short by a chronic lack of talent, he managed to obtain degrees from both the University of London and Salford. According to his French teacher, at the weekends he mostly likes to play football and go to the park with his brother. Contact Tom on [email protected]