African-American singer seems to be going through a financial crisis.
The Konvict music boss’ car which is worth less than what he owes according to reports has been repossessed.
The singer’s leasing company filed docs to repossess his 2010 Ferrari 458 Italia.
The documents filed claimed Akon stopped making lease payments and now he owes a whopping $250,000 and his car is worth $225,000.
The total cost of the lease is $360,000, , seems like someone will have to cough out more money.
However, the singer claimed he made at least 37 payments.