Apparently, it broke the 7-minute barrier on the 20.832 km track, leaving behind the Dodge Viper ACR and the Corvette ZR1 in its dust. The Viper finished the ring in 7:22:10, while the Corvette wasn’t too far behind with 7:26:40. Unlike the Ferrari, though, both of these car models are street legal, leaving most consumers with a “So what?” thought bubble.

Still, watching the Ferrari 599XX finish a lap on the Nurburging track is well worth 7-minutes of any car lover’s time. Never mind that you’ll probably never get to own one.

The Ferrari 500 XX is based on the Ferrari GTB Fiorano. It has the same transaxle and engine type, which classifies it as an extreme track car. Modifications on the engines’ combustion chambers, exhaust tracts and inlets helped the car reach its target power of 700 HP at 9,000 rpm.

The car also comes with slick tyres which were developed to increase lateral acceleration and maximize stability while cornering. F1 engineers also used Ferrari “doughnuts” to protect the brake discs and wheel rim.

I usually rent a ferrari 360 modena in Las Vegas – Can’t wait to rent a 599XX!

The handling package was first revealed during the Geneva auto show last March. This week the Ferrari 599’s handling was put into test by none other than legendary Michael Schumacher who’s on the pedestal for winning the F1 championship seven times.

The HGTE is engineered to give the Ferrari owner a more dynamic and sporty driving experience. The package includes modifications on the springs, calibration of the shock absorbers, anti-roll bars, and lowering of the ride height.

Schumacher took the 599 for a 20 lap drive in Fiorano. The record of the Ferrari 599 in the circuit is recorded at 1 minute and 26.5 seconds. That is really considered a fast lap taking into consideration the record of the F40 which is 3.1 seconds slower. The F430 and the F50 take 3.6s more to finish a lap.

The lap times of Schumacher were not released but the car was tested as part of the company’s Pilota driving courses. The courses are designed for Ferrari owners skills to handle their cars to its full potentials without sacrificing safety both on the race track and the road.

The Pilota driving course is offered in several levels— Challenge, Evolution, Advanced, and Basic. An On Ice training is given in certain countries like Italy, Japan, China, and the U.S.

Minor adjustments to improve the throttle response have been done to the speed demon’s V12’s software with its 611 horsepower. The retuned F1 transmission is now capable for even faster shifts.

To elevate the new kick-ass 599s with its GTE package, the modified 599s bear new grilles, special wheels, and a matte black rear diffuser. Of course, even the interior has been improved with its two-tone seats and carbon fiber trims.

The Handling GTE Package is expected to add $25,000 to the 599’s base price.

The second 599 is the super high-tech 599XX, which is designed to be the extreme track race Ferrari car. The 599XX debuts Ferrari’s most advanced technologies from leisure driving to Formula One capacities. The modified 6.0-liter V12 engine—adjusted combustion chambers, raised redline to 9,000 rpms, improved intake and exhaust systems, and relatively light-weight parts. The improved V12 now produces 700 horsepower while the new transmission can change gears in a matter of 60 milliseconds.

It is expected that only twenty to thirty 599XXs will be built and offered to a selected group of Ferrari loyalists. The 599XX’s assumed price range is about $1.2 million.