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Bow Wow owes $283,000 for leased ’05 Ferrari

Sunday, 21 October 2012

Bow Wow owes $283,000 for leased ’05 Ferrari

Hopefully Bow Wow’s “106 & Park” cheques will start coming in soon as it’s just been uncovered that the rapper owes his creditors $283K for his 2005 Ferrari. While Bow Wow’s baby momma was chasing him for child support (based on his claimed $4,000 a month salary) a collection agency was after him for not paying for his 2005 Ferrari F430.

Bow Wow leased the car in 2008 and quickly defaulted on the bill. The company sued him and won a judgment for $216,084 in 2009. And now that the interest has grown, he owes $283,785 for the vehicle. And since he told his custody judge that he only has $1,500 in the bank, which is now seeming more true, it seems like he’ll be spending most of his new salary climbing out of debt. Or at least we hope he will

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