A teenager crashed his car into a garden tree in Long Sutton only 90 minutes after buying the Rover 100.
Provisional licence holder Craig Whitrid (18) lost control in Station Road and the car left the carriageway, crossed the footpath and went through a garden.
Prosecutor Jim Clare told Spalding magistrates the Rover knocked down a tree and came to rest against a hedge.
Whitrid ran off, but contacted police a short time later and claimed the Rover had been stolen from his driveway.
Mr Clare said Whitrid didn’t continue with that story when police spoke to him because he was wearing the clothes that matched the description of the driver seen running off.
Whitrid told police he bought the car having seen it on Facebook and drove it too fast around a corner, losing control.
He had only had one driving lesson prior to the crash, which happened at about 1.45pm on March 27.
When police asked him why he ran off, Whitrid replied: “No insurance.”
He said he was driving at 40-50mph when the “back end slipped out”.
Solicitor Mark Hudson, mitigating, said Whitrid paid £80 for the car and was hoping to get an MOT for it.
Mr Hudson said he had shown Whitrid photographs of the accident scene.
“He was shocked that more serious damage hadn’t been done and shocked that he got out of that car without a scratch,” Mr Hudson said.
Presiding magistrate Jane Tidswell told Whitrid: “It was a very stupid thing to do, wasn’t it?”
She said the bench could have fined him “an enormous amount of money” on the four offences to which he had pleaded guilty, but decided to keep the penalty within his financial means.
Whitrid, of Daniels Crescent, Long Sutton, was fined £115 and given seven penalty points for failing to stop after an accident. He must also pay £85 costs and a £20 victim surcharge.
He received no separate penalties for driving without due care and attention, driving without insurance and driving without a valid licence.
Mrs Tidswell reminded Whitrid to make sure he’s legal before he drives again.