A mechanic says he was driving a Porsche back to its owner when he swerved to avoid a truck and smashed head-first into a telephone pole.

Mechanic Chris Numme says he destroyed the $500,000 limited edition Porsche Carrera GT after doing minor body work on the vehicle.

However, the owner, 70-year-old Robert Greenhill, an investment banker from Greenwich will receive a replacement car from Numme's insurance company.

According to WCBS, the two-seater limited-edition sports car's engine boasts more than 600 horsepower. The car can accelerate from a standing start to 60 miles per hour in under four seconds.