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Jermaine Dupri Sued Over Repossessed Lamborghini

(AllHipHop News) Rap mogul Jermaine Dupri is at the center of a lawsuit over his 2005 Lamborghini Murcielago.

Premier Financial Services recently filed a lawsuit against the So So Def mogul in Georgia Superior Court, claiming he has failed to make payments on the car.

According to the lawsuit, Jermaine Dupri made a $70,000 down payment on the car and financed the remainder of the luxury vehicle at a price of $330,000.

He was to make 58 payments at a cost of $4,323, but around 2009, the mogul defaulted on the loan.

The lawsuit claims that Jermaine Dupri still owes almost $80,000 on the Lamborghini.

According to reports, Jermaine Dupri’s Lamborghini has already been repossessed and sold for $115,000, but the company is suing the rapper/producer for $79,095 damages.

  • http://njmuzik.com/nj/jermaine-dupri-sued-over-repossessed-lamborghini/ Jermaine Dupri Sued Over Repossessed Lamborghini- New Jersey Hip Hop/R&B

    […] Filed under: Headlines, News Tagged: Jermaine Dupri, repossessed, sued over lamborghini Element 9 Hip-Hop News Pipeline […]

  • http://ditcradio.com/2011/12/13/jermaine-dupri/ Jermaine Dupri : Diggin' in the Crates, DITC Radio, black entertainment, hollywood, entertainment, gossip, celebrity, news, fashion, urban rap music entertainment, old school hip hop

    […] to All Hip Hop, Jermaine Dupri made a $70,000 down payment on the car and financed the remainder of the luxury […]

  • http://thewordeyeheard.com/money-is-a-thang-jermaine-dupri-sued-over-repossessed-lamborghini/ Money IS a Thang? Jermaine Dupri Sued Over Repossessed Lamborghini! | The Word Eye Heard

    […] Wheard: AllHipHop Rap mogul Jermaine Dupri is at the center of a lawsuit over his 2005 Lamborghini […]

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