I’m pissed off right now…. Like seriously….who want’s to owe $283k on a SEVEN YEAR-OLD car?? smh..
Despite having baby momma Joie Chavis on his back for a $4k a month in child support, and to a rap career that isn’t quite going anywhere. Rapper Bow Wow is really broke and in some deep sh*t, because he now owes creditors $283,785.015 on a red 2005 Ferrari he leased back in 2008.
According to reports, the rapper turned BET’s 106 & Park host leased a 2005 Ferrari F430 back in 2008, and it didn’t take too long for him to fall behind payments, because in February, 2009, the leasing company sued him and got a judgment for $216,084 and 75 cents. With growing interest.
Maybe his new hosting gig will pay it off, because that $1,500 in his bank account might be his rent.