Get Your Fresh Intelligence Daily

SUBMIT

Tyga’s ‘Financial Hardships’ Revealed In $128k Legal Battle Over Repossessed Ferrari & Rolls Royce, Rapper On A Payment Plan

Nov. 15 2021, Published 6:37 p.m. ET

Link to FacebookShare to TwitterShare to Email

Tyga is still paying off a massive debt he was hit with after his Ferrari and Rolls Royce were repossessed.

According to court documents obtained by Radar, the Rack City rapper has been unable to pay the settlement amount he agreed to in the suit with Midway Rent A Car.

Article continues below advertisement

Back in February 2019, a company called Midway Rent a Car, Inc. sued Tyga (real name: Michael Stevenson) over an unpaid bill.

What Arrest? Tyga Hits Up LA Nightclub Wearing Black Gas Mask Covering His Face Days After Being Accused Of Domestic Violence

The suit accused Tyga of breach of contract. The company said owed them a total of $127,789.73 over luxury automobiles he leased from them in 2015.

Article continues below advertisement
tyga pp
Source: mega

The suit said Tyga entered into two lease agreements for a 2012 Ferrari 458 Spyder and a 2021 Rolls Royce Ghost.

Article continues below advertisement

The original lawsuit said the rapper made several monthly payments before abruptly stopping. At the time, Tyga owed $267k on the Ferrari and $174k on the Rolls.

Tyga Hires 'RHOBH' Star Erika Jayne's Publicist To Handle His Felony Domestic Violence Scandal After Ex-Girlfriend Leaks Black Eye Photo

The company then repossessed the cars from Tyga over the non-payment. The two cars were sold off, but the company demanded Blac Chyna’s ex pay the difference on both.

Article continues below advertisement

Midway demanded $43k for the Ferrari and another $84k on the Rolls for a grand total of $127k.

tyga gallery
Source: mega
Article continues below advertisement

The case was settled in December 2019 after Tyga agreed to a payment plan.

However, Midway went back to court recently claiming Tyga hasn’t finished paying the settlement. They claim he’s paid over 58% but has been granted several deferments due to the pandemic.

Article continues below advertisement

“The matter remains settled and Defendant is timely on his obligations or has asked and been provided accommodation due to financial hardship by deferring several monthly payments under the settlement agreement,” the docs note.

Midway is asking the court to give Tyga another 12 months or longer to cough up the cash.

Article continues below advertisement

Midway "respectfully requests another 12 months stay to allow Defendant to meet his settlement obligations." Once Tyga pays the balance the suit will be closed once and for all.

Tyga's money problems are being exposed weeks after his ex-girlfriend Camaryn Swanson accused him of assaulting her at his Los Angeles home. The Los Angeles Police Department interviewed the rapper and determined he was the aggressor. He was arrested on felony domestic violence and bonded out hours later. He has yet to be officially charged by the District Attorney.

tyga gallery
Source: mega
Advertisement

© Copyright 2021 Radar Media Group LLC. Radar and RadarOnline are registered trademarks. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.