Poor JD! It seems the efforts of Jermaine Dupri to finance a 2005 Lamborghini Murcielago have soured, leaving him with a potential $80,000 in debt via a lawsuit! This is a sticky story and the details make you feel for the guy. There have been a few celebrities who seem to be feeling the financial strain of the economy, remember Chris Tucker’s Florida real estate loss recently?
Jermaine Dupri with the Lamborghini
Premier Financial Services filed legal documentation against JD in Georgia Superior Court regarding the financing of the white Murcielago worth $330,000. In the agreement, JD agreed to make 58 monthly payments of $4,323 for the exotic sports car.
The star paid a $70,000 down payment and kept up with the payments until 2009, when he dropped the ball and stopped paying the remaining few payments. Premier Financial repossessed the Lamborghini and sold it for $115,000 and are now seeking an additional $80,000 they say they are owed to cover their losses.
Perhaps JD should have invested more wisely?
Overall, and I am uncertain of the months, JD shelled out around $225,000 to drive the Murcielago for 3 years. He could have owned a brand new sports car for that price, or rented an exotic car several hundred times over! Give us a call, JD, we can get you behind the wheel of the newest cars commitment free anytime you need one! Follow link to view our entire fleet of luxury exotic rental cars! Simply follow the link, select a city and then select a car!
JD has excellent taste in exotic sports cars
Post by Imagine Lifestyles Luxury Rentals