Last week Bow Wow’s dire money situation was put on blast after it was revealed that his Lamborghini Murcielago got repossessed last year.
Now the bank wants the money they spent to repo Bow Wow’s ride…
It costs roughly $25,000 to repossess and sell a rapper’s Lamborghini — at least according to a Georgia bank, which is now suing Bow Wow for money it spent flipping his ride.
SunTrust Bank filed the lawsuit against Bow Wow — real name Shad Moss — claiming he took out a $300,165 business loan, agreeing to 84 monthly payments of $4,730.
According to bank records filed with the lawsuit, Bow Wow fell behind last year. The docs show the bank repossessed the rapper’s Lamborghini Murcielago — and managed to get $161,000.
You’d think that would be the end of it — but the bank tacked on more than $25,000 for “repossession expenses.”
According to the lawsuit, Bow Wow still owes the bank $21,371 — and the bank wants every penny.