Bow Wow Owes Over $284K For Leased Ferrari

[thernbroom]

Bow Wow made headlines earlier this week, when he and baby's mama Joie Chavis appeared in a courtroom to fight over child support. Eventually, the young rapper would agree to fork over $3,000 a month, claiming he makes just $4,000 a month, leases a jeep, and has a grand total of $1,500 in his bank account.

While it may seemed far-fetched that he's hurting for cash, especially since he just landed a new gig as host of BET's "106 & Park", Bow may not be as flush with cash as its perceived.

According to TMZ.com, creditors have been chasing Bow Wow for three years over a Ferrari F430 he leased back in 2008.

A company called B.W. reportedly leased the exotic sports car to the 25-year-old rapper; and then, a year later, he had fallen behind on payments. In February 2009, the leasing company sued him and got a judgment for over $216,000. However, Bow Wow never paid, and now, he owes the original judgement plus interest, bringing it to nearly $284,000.

The young rapper has been in the game since the age of 13, when he sold over 2 million copies of his debut album, Beware Of Dog. He's gone on to release seven solo projects, a collaborative release with Omarion, resulting in millions of album sales... and appeared in several movies.

 

[Da King]

all these rappers leasing


probably leasing the chains on their necks too

 

[Silkk]

Bushes

 

[Sinnerman]

 

[Lil Bape the PostGod]

this nikka is 25 already?

 

[Gotright]

soujia boy won

 

[Rufus Dufus]

"Do your doors do that lil nikka?!"

 

[ajkamkel]

"Do your doors do that lil nikka?!"

U better do some more crank that nikka but at the end of the day they both

 

[BlackZilla]

Soulja Boy won

 

[MegaTronBomb!]

not to defend this nikka, but not paying bills ≠ you don't have the money to pay them.

but damn, this nikka is getting all his business outed

 

[USSInsiders]

at the cameraman going all the way around to not show the rental plates

Edit: Wait hold up, it isn't rented

 

[Lavish]

One thing u have to consider is that someone failing to pay a debt doesnt always mean they dont have the money. Some nikkas jus dont wanna pay. similar to how filing bankrupcy doesnt always mean your broke. Its sometimes a business decision to take a credit hit rather then pay. Knowing that a sudden inflow of cash would negate a need for credit.

That being said bow wow hasnt had a major run for some gwap for a long time. His money is long but i dunno about 15 years long.

 

[Akademiks]

this nikka is 25 already?

nygga he been in the game for over a decade .. how old u expect him to be? 16?

 

[Lavish]

 

[YBE]

Shieet, I wouldn't pay that either