The rap game isn’t want it used to be and more than one high-profile artist has hit the skids because of rampant overspending.
Tyga definitely had an appetite for the larger things in life. The Aventador, introduced last year by Lamborghini, is the latest scissor-door, mid-engined supercar. It retails for around $400,000.
The Bentley Mulsanne is the flagship auto in the British automaker’s fleet. It’s twin turbocharged V8 engine can take the car from 0-60 in 5.1 seconds with a top speed of 184 miles an hour.
It’s described as a “pure expression of exquisite luxury and phenomenal performance.” It also lists for a hefty $350,000 price tag.
Tyga apparently bought the cars with small down payments through Choice Motor Credit, an Arizona company. It’s suing in Maricopa County Court in Phoenix, claiming the rapper owes $357,250 in back payments on the Lambo and $91,150 on the Bentley. The latter has already been repossessed, according to court papers.
The rapper was supposed to be making monthly payments of $11,520 on the supercar over a seven year loan period. That would have brought his total payments to nearly $1 million for the car. Apparently Tyga made a few payments before going AWOL on the loan.
Tyga bought the 2014 Bentley Mulsanne in March a year ago through the same company. He agreed to pay $5,966.95 a month on a six-year loan. Apparently he paid next to nothing. The car was repossessed in February.
The company said it resold the Bentley but lost $91,152.67 on the deal, according to court papers.
In the rap game, bling is apparently mandatory, if for nothing other than appearances. Tyga isn’t the first to demonstrate that his appetite is bigger than his pocketbook.
The Hall of Shame includes rappers Bow Wow, 50 Cent, Ma$e, Lil’ Kim, Method Man, Common and Fat Joe to name a few.
No wonder Kylie is now giving him the cold shoulder.
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