Akon maybe too broke to pay his car note. The "Exit Plan" singer recently had his 2010 Ferrari 458 Italia repossessed. The sad part is the car is valued at less than what he owes.

According to documents Akon stopped making payments on his lease and now owes $250,000. The value of the car—listed  in the Blue Book—is $225,000.  The total cost for the lease is $360,000.  So far Akon claims to have made 37 payments.

Previously: Akon Says Jay Z And Beyonce’s Divorce Rumors Will Create Great Music

[TMZ]

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