An Albury police spokesman said officers were called to the single vehicle collision about 7.45am on the corner of Wagga Road and Barlow Street.

The car appeared to have knocked over a street sign on a median strip before hitting a tree.

The front end of the Holden wagon was badly damaged.

"It appears the fire started as a result of the collision," the spokesman said.

"The only description we have is two people seen running from the vehicle."

A security camera from a nearby business points directly to the scene of the crash, while another points towards Wagga Road.

It was unclear if the cameras filmed the collision, which burnt grass and a tree.

The car has not been reported stolen and police spoke to the registered owner later in the day.

A Fire and Rescue NSW Albury Central spokesman said the car was well alight when fire crews arrived.

"It took a little while because we had a ruptured fuel tank, hence the use of foam," he said.

"We had to boom up the drain because it was going to run down the drain."

The vehicle was destroyed by the flames.

IN OTHER NEWS:

It had not been towed from the scene by Sunday afternoon.

The crash occurred less than 300 metres from the scene of a fiery crash which killed Darcy Young, 17, on Douglas Road.

Mr Young was driving a Kia Carnival which hit a tree and caught alight on April 2, 2017.

No one was injured in Saturday's crash and police inquiries are continuing.

Police and firefighters were called to another car fire in Albury, again involving a Holden Commodore, in the early hours of Sunday morning.

The vehicle appeared to have been dumped on the side of a dirt road on Nail Can Hill before being torched.

Firefighters with breathing apparatus spent a short amount of time on the scene extinguishing the blaze.

The fire also burnt a small amount of grass nearby.

Pictures of the incident show thick grey smoke and steam billowing from the Holden.

Police are urging anyone with information to contact them on(02) 6023 9299 or 1800 333 000.