Bow Wow's Lamborghini Repossed By Bank, Bank Sues Rapper To Cover Repossesion Cost

Bow Wow lost his Lamborghini to the bank when he fell behind on payments, and now the bank is going after him to cover the "repossesion expenses" which equal $25,000.

Bow Wow seems to constantly be popping up in the news when it comes to lawsuit and court-related matters. Most recently, a Georgia bank is now suing the YMCMB rapper for the $25,000 it cost to repossess and sell his Lamborghini.

SunTrust Bank filed the suit against Bow Wow, claiming he took out a $300,165 business loan, agreeing to 84 monthly payments of $4,730. According to the bank records which were filed with the suit, Bow Wow fell behind on the loan payments last year. The bank repossessed his Lamborghini Murcielago which raked in $161,000. 

It doesn't end here, since the bank added on "repossession expenses" which cost $25,000. According to the suit, Bow Wow still owes the bank  $21,371.

Apparently Bow Wow blames his string of financial problems on a bad ex-management team, which he has since changed and is working to fix his financial mess, TMZ reports.



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