From In Touch
According to court documents obtained by In Touch, a company called Porsche Leasing LTD sued Justin Dior Combs and his JDC Holdings Group.
The suit said Justin, 30, entered into a lease for a new 2022 Bentley Bentayga V8 in January 2022. Per the deal, Diddy’s son agreed to make 42 payments in the amount of $3,365.23.
The company said Justin defaulted on the deal when he failed to make the payment due on December 20, 2023. Porsche Leasing said the agreement had a provision that stated if Justin defaulted on the payments then the entire amount of the lease would be owed immediately.
"Therefore, there is now due, owing and unpaid from the Defendant the approximate sum of $172,601.43, plus additional charges pursuant to the terms of the Agreement. Interest accrues from December 20, 2023, at the legal rate of 10% per annum, until paid in full,” the lawsuit said.
The company said it had “performed all obligations on their part to be performed under the terms of the Agreement.” Further, Porsche Leasing said it had the right to immediately take possession of the car from Justin.
The suit demanded the court order Justin to turn over the car and $172k in damages plus interest. Sources tell In Touch the car payments weren’t made because the bill was sent to an old address. An insider said Justin did not receive the bill and immediately took action to pay the bill once he learned of the lawsuit.
A source tells us the lawsuit should be dismissed by next week.
Justin’s attorney, Jeffrey Lichtman, tells us, “Due to an address change, Justin did not receive his bill which resulted in unintentionally missed payments. We are in touch with the creditor and the matter is being settled. The outstanding balance will be paid and the lawsuit will be dropped.”
14 comments:
why would you enter into such a lease agreement like that and you don't even get to keep the car! I thought diddy was such a smart business man did he not pass that on to his kids? Seems to me that these ppl lie and pretend to be great businessmen but they really just singing had contracts that don't benefit them but to only lake it appear as if they have wealth.
You lease because of tax write offs.
Sounds like you can afford a Bentley if you have to lease it.
10:15 you can write off a purchase personal car and lease to your own company. Theres more than one way to write off a car.
Yup @ 10:53.
What exactly does he do for a living other than live off his Daddy?
GET A JOB. Oh, I forgot you have no education or skills.
Even with an address change this is 2024. He doesn’t use auto pay or track his payments electronically? My small bills and car insurance is on auto pay, but my auto loan and rent are the first 2 bills I make sure to pay at the first of the month.
Regardless of an address change, his privileged azz knew he still had that bill.
Address change or not, you or someone in your camp should be on top of when what bills are due. I moved last year, but I still knew when my car note was due.
Address change? Forwarding addresses work for up to 6 months. Next excuse?
Address change? No online access/account?
Justin Kingston
@4:47 clever!
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