Man robbed as $150K Ferrari goes up in flames in Sydney

A Sydney man says he was robbed while helplessly watching his beloved Ferrari burst into flames in Lalor Park.

Emergency services responded to Freeman Street around 10.15am after the $150,000 car ignited.

Video shows the bright yellow luxury car being destroyed by powerful flames.  

Sydney businessman Tan Shukla told 9NEWS he was withdrawing money from a nearby ATM when his uninsured car caught fire.

“I didn’t see what happened, the only thing I saw was it was on fire,” he said.

Mr Shukla claims a passer-by stole his laptop and credit card as the incident unfolded.

Investigations into the cause of the fire are ongoing.