Reports surfaced on Wednesday that the Rack City star lost his red Ferrari after he supposedly missed the last couple of lease instalments, with claims the alleged repossession went down on Tuesday (30Aug16) while he and Jenner were checking out Bentleys at a dealership in Calabasas, California.
According to TMZ.com's report, a man from a repo company reportedly entered the car with a spare key and drove off, forcing the couple to find an alternative way home.
However, the Keeping Up With The Kardsahians star took to her Snapchat account on Wednesday to reveal what really happened - insisting Tyga wasn't even at the dealership.
In a video showing off a new, white Bentley Bentayga, Kylie says, "So fake stories came out today and the blogs almost ruined it, saying me and T (Tyga) were at the Bentley dealership, when really it was only me."
She continues by showing followers the inside of the luxury SUV, saying, "And I had to lie to T and say, 'I have no idea T, what that story is! I was not at a Bentley dealership!' But I was."
Another snap shows Kylie with Tyga who admits he's "speechless" over the present, and his girlfriend says, "Did I lie to you?... The blogs almost f**king ruined it!"
The hip-hop star then shows off a happy dance before giving his girlfriend a smooch on the lips.