Monday, December 12, 2011

Jermaine Dupri Sued Over Repo


Earlier this year Jermaine Dupri was caught trying to sell his Bentley on Ebay [click here if you missed that]. Maybe he should have put his Lamborghini on Ebay too, because it just got repo'd and the financial broker is suing Jermaine for the difference...

From TMZ
Not only was Jermaine Dupri's mega-expensive Lamborghini repossessed recently -- now, the people who fronted him the cash to pay for it are out for blood ... claiming the producer still owes them $80,000 for the car.

 Premier Financial Services filed new legal docs in Georgia Superior Court, claiming Jermaine financed the white 2005 Lamborghini Murcielago in 2006 -- worth $330,000 -- and agreed to make 58 monthly payments of $4,323.

 According to the docs, Jermaine dropped $70,000 up front for the car and successfully made the majority of payments -- but for some reason ... he dropped the ball in 2009, and failed to pay the remaining handful.

 As a result, PFS repossessed the car and sold it off for $115,000 -- and now they're out for the difference ... insisting they hemorrhaged $79,095 in the deal-gone-wrong, and they're suing Jermaine for their losses.

Calls to Jermaine's rep were not returned.

20 comments:

Anonymous said...

Dis niggas so so broke...

where's my stimulus? said...

it's hard out here for a dwarf.

The One and Only ANON1 said...

According to the docs, Jermaine dropped $70,000 up front for the car and successfully made the majority of payments -- but for some reason ... he dropped the ball in 2009, and failed to pay the remaining handful.

~~~~~~

2009? Now, when did Janet leave again?

Anonymous said...

KARMA for doin Janet dirty. Ol' short ass ugly mouth punk!

Anonymous said...

I guess when you make it BIG its out of the question to go and buy you a top of the line Toyota,Honda, BMW, paying those strippas should have been paying your car note, ask Janet for a loan.

Anonymous said...

HA-HA!

Malika the Slutty Prude said...

so i guess that whole "money ain't a thang" is no longer an issue...

Anonymous said...

@ 1:14 you took the words right off my keyboard

Anonymous said...

He needs to go back to those strippers he spent all his money on LOL.

This guy made one bad decision after another.

second opinion said...

Jermaine better dust off his G-string and get up there on that stage with them strippers.

Anonymous said...

Jermaine is really missing Janet right about now!

Anonymous said...

dumb nigger. you're spending close to 4400 FOR A CAR, not shelter, but A CAR. for 70g's that nigga could've bout 2 brand new LUXURY cars. this that new money bs. I was so glad janet cut her losses with him. She was so much better than this and could have any guy she wants. And this mf was in a strip club spending her money on some trash bitch?

Anonymous said...

I just saw Janet last week: she is looking beautiful and doing lovely. I know she loved JD, but things happened for a reason.
Planet Jackson
www.planetjackson.net

Anonymous said...

THE DEALERSHIP WAS STUPID FOR LETTING HIM DRIVE OFF THE LOT WITH A $330,000 CAR WITH ONLY $70,000 IN HAND AND THINKING THAT THEY WERE GOING TO GET THE REST OF THE $260,000 ($250,734.00) IN MONTHLY PAYMENTS OVER THE NEXT 4 YEARS & 10 MONTHS!

AND TRUST THOSE IGNORANT GREEDY BASTARDS MADE A PROFIT ON THE CAR, THAT'S JUST THEIR CREATIVE ACCOUNTING AT WORK CLAIMING THEY HAD A LOST!

JD IS ANOTHER ONE OF THOSE "A FOOL AND HIS MONEY" STORIES

Anonymous said...

He needs to go back to those strippers he spent all his money on LOL.

This guy made one bad decision after another.

1:35 PM
_____________________________________________
Okay that right there, go back to the strippers you gave your money to and see if they will advance you the money. Uhhh yeah I think Janet skipped in the 09 because he did not accompany her to Mike's funeral.

Anonymous said...

If he was smart,n he would've gotten janet pregnant and sued for joint custody.

Anonymous said...

i checked jd has 5 millions in his bank account .total.

Anonymous said...

@3:51 Clearly you have never financed an automobile before, the dealership gets their money off top from the finance company, that being Premier Financial Services. And they more than likely lost out because finance companies make their money from interest on the loan that is part of the monthly car note, so if he didn't make the payments they lose.

Anonymous said...

@ 10:10, 3:51 pays weekly at buy here pay here.

Anonymous said...

10:10 CLEARLY YOU DON'T HAVE NO FUCKING IDEAL WHAT I'VE DONE IN MY PERSOANL LIFE! STICK TO THE SUBJECT AT HAND AND PROVE TO EVERYONE ON THIS POST THAT THEY DON'T LIE ABOUT WHAT PEOPLE OWE THEM AND THAT FINANCE COMPANIES & BANKS DON'T ADHERE TO UNETHICAL PRACTICES!

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