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Luxury cars repossessed from high roller over unpaid debts
20 Feb, 2021 04:00 PM
5 minutes to read
Gerard Peters has had several cars repossessed by creditors. Photo / Supplied
An Auckland businessman who gained notoriety after his $400,000 Lamborghini was towed because he misused a disabled parking spot has had the luxury car repossessed and sold over unpaid debts. Gerard Peters, 30, hit headlines in 2015 after his $400,000 Lamborghini was photographed in a disabled parking spot at West Auckland shopping complex LynnMall.
While Peters was able to pay that $400 parking fine and reclaim his vehicle, more recent - and substantial - debts have seen that Lamborghini and five other luxury cars he owned seized and sold to satisfy short-changed creditors.