Find a Testarossa sitting somewhere, press X to steal.

Police will be alerted, but just hide for 5 minutes or so. After that, the car is yours. Drive right by and they will do nothing. Then get in a street race at a stoplight by burning out. Don't crash tho...

Win the street race, then drive downtown for some ice cream. Wait, something's not right...Uhh oh!

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Gonna have to buy some missile launchers that will insta-attach to your Ferrari with fake money and defend yourself, but you car's armor points are way to low. Both you and your supermodel tag-along girlfriend die in a glorious fireball. Not a problem since you can respawn, but you didn't save any of your progress, so you'll have to steal the Ferrari all over again. Bummer.