Young Money‘s Tyga experienced a heart-shattering moment this week alongside reality TV bae Kylie Jenner. The rapper’s fancy Ferrari vanished into the hands of a repossession man.

According to reports, Tyga officially lost his whip due to falling back on car payments.

We’re told Tyga hopped in his fancy red sports car Tuesday with Kylie and drove to the Bentley dealership in Calabasas. Little did he know that while they were checking out new whips … his current one was about to get swiped. Sources on the lot tell us the repo man showed up armed with a spare key for the Ferrari, jumped in, started it up and headed down the nearest freeway. We’re told Tyga missed a couple of his lease payments, and the lessor wasn’t taking any chances. (TMZ)

Last week reports revealed a judge had ordered Tyga to pay $186,275.89 for damages related to a California home he rented out last year.

F&S Investment Properties brought legal action against the 26-year-old back in March, accusing him of damaging the Los Angeles home he had rented to run his side business, Egypt Last Kings Clothing. According to legal documents obtained by PEOPLE, Tyga and Co. quit paying rent and “abandoned the premises without notice” back in June 2015. When F&S reps visited the house, they found it “in gross disrepair, utility bills unpaid, and hazardous environmental waste that required a professional clean-up.” (People)

The rap star also recently owed a jeweler $200,000 for not paying a 2013 bill.

The man with the vendetta is Jason of Beverly Hills — who claims he got screwed out of some serious cash when Tyga stiffed him in a 2013 jewelry deal for a sick watch and chain. Jason went to court and got a $200,000 judgment against Tyga — but he hasn’t seen a single cent and was getting sick and tired of chasing his cash. That is … until he saw Tyga coughed up a huge settlement last week to an old landlord who was ALSO going after the rapper for an old debt. So, Jason says he called the landlord’s attorneys — Danny Abir and Boris Treyzon from Abir, Cohen, Treyzon, and Sal — and hired the guys to do the same thing for him. (TMZ)

Recently, Tyga paid off a landlord debt to avoid getting busted on an arrest warrant.

The rapper Tyga and his former landlord have reached a settlement in their legal dispute over the performer’s rental of a Malibu mansion, clearing the way for a Los Angeles County judge to revoke an arrest warrant issued for him earlier this week after he failed to show up for a court hearing. A confidential settlement was finalized Thursday “to the mutual satisfaction of all parties,” said lawyer Danny Abir, whose firm, Abir Cohen Treyzon Salo LLP, represents the landlord, Gholamreza Rezai. (Los Angeles Times)