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.