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Floyd Mayweather Jr. Defaults on Maybach Car Loan

By Liz Opsitnik
Tuesday, Sep 15 2009 12:49

Boxer Floyd Mayweather Jr. is being sued by JP Morgan Chase Bank for an auto loan he owes more than $150,000 on.

The boxer, who fights in Las Vegas, purchased a Mercedes Maybach 57S in April 2007 for $512,184 from Fletcher Jones Imports in Las Vegas. Mayweather borrowed $415,695 for the car, the Las Vegas Sun reports. His car loan had an interest rate of 16% over 72 months, making his monthly payments $9,077.

The lawsuit says Mayweather stopped making his auto loan payments in February 2008. Mayweather’s past-due balance was $36,309 with a balance due of $363,000. Chase repossessed the car in January 2009 and sold it for $196,000. As of March, Mayweather still owed $167,192 on the defaulted auto loan, plus legal expenses.

Just because someone is a professional athlete or celebrity doesn’t mean they can make their outrageous car loan payments every month. Floyd Mayweather Jr. should have purchased a more affordable vehicle, not a half million-dollar car.

Floyd Mayweather Jr. vs. Ricky Hatton

Watching Chase repossess his Mercedes Maybach must have been a punch in the face for Floyd Mayweather Jr.


Top image via contactmusic.com. Bottom image via blog.islandcasino.com.


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7 comments on this story so far.

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Comment By: Rick Smith on Tue, Sep 15 2009 at 5:15 PM
A new level of douce-baggery from professional athletes. Sure just flash all that cash without any thought as to how much juice your going to pay on the loan until your local repo-man blind sides you and drives off with your car.
Comment By: brad on Tue, Sep 15 2009 at 5:22 PM
what a douche...pay your bills you deadbeat!
Comment By: Ciogga on Thu, Feb 4 2010 at 5:22 PM
So why choose a photo of Hatton Vs Collazo? Both of whom Mayweather whupped!
Comment By: ciogga on Thu, Feb 4 2010 at 5:27 PM
Hang on a minute, it was Mosley who whupped Collazo. Mayweather gave Castillo, Coralles and Corley a tonking. So many Cs in and around welterweight!
Comment By: Anthony on Tue, Mar 9 2010 at 10:04 AM
i think mayweather is the best cause he has never been beaten ever by nobody and he will always be undefeated
Comment By: kenn on Wed, Mar 31 2010 at 9:01 AM

because he cherry picks his opponents he fights lightweights while his a welterweight... and yet he cheated on that lightweight (marquez) by not making 144lbs instead coming in at 146lbs... thats why he stays undefeated...

Comment By: Aaron on Mon, Apr 26 2010 at 8:10 PM

Gay. I like all the douche-bag comments. Add d****. "I've got close friends cause I bi dem stuff. I'm da man! Want to go count my cash with me?" Awesome boxer....yes. S***** person that does nothing for his country or community...yes. It's all yours....we're just living here for you.

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