Floyd Mayweather Jr. Defaults on Maybach Car Loan
Floyd Mayweather Jr. Defaults on Maybach Car Loan
By Liz OpsitnikTuesday, 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.
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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Comments
9 comments on this story so far.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...
Mayweather, like you said is unbeaten, and has a great set of basics. If he were to fight big name fighters when they are in their prime, then maybe I would be more impressed. Even Cotto could beat Mayweather I reckons :) its just an opinion but unfortunately you are right, undefeated, for now :)
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.