If you think you're having a bad day, spare a thought for this driver who had a very costly prang in Perth's southern suburbs while cruising in a group of four luxury cars.

According to witness, Mitchell Reardon, the Ferrari driver had just taken off from traffic lights near Rivervale, when his car spun out of control around 2pm on Monday.

"I didn't actually see the crash, I was probably 30 seconds behind it, but I heard all four of them rev past me," he said.

"There were three other cars with him, other Ferraris, or maybe Lamborghinis.