'Will & Grace' star Sean Hayes was gifted a Porsche after the success of season 1, but sold it 'right away' because he couldn't even afford to pay rent

• "Will & Grace" stars Sean Hayes and Eric McCormack said they were given Porsches after season one.
• Hayes said during a live recording of their new podcast that he had to sell his Porsche.

"Will & Grace" stars Sean Hayes and Eric McCormack said that they were given free Porsches after the success of the show's first season, but Hayes sold his "right away."

On Monday, the actors participated in a live recording of their new podcast, "Just Jack & Will," at the Tribeca Film Festival in New York City.

During the recording, Hayes and McCormack — who played Jack and McFarland and Will Truman in the sitcom — said the first season was so successful that the TV network executives decided to give them a gift as a reward.

"In the summer, people were finally checking out the show, and our ratings kept going up and up and up. And I think they realized they had a hit on their hands," McCormack said, as reported by People.

McCormack said that NBC's then-entertainment president Scott Sassa "took us out for lunch in Pasadena because there was some sort of press event and then we walked through the parking lot and one more time Scott went, 'Anyway, we just want to say thank you.' And he keeps gesturing and he gestures to the parking lot, and there are four Porsches with ribbons on them."

Hayes then said that he was unable to keep his Porsche because he "literally" couldn't pay rent at the time.

"Sean leaned over to me — I don't make this up — and said, 'Is it expensive to insure a Porsche?' " McCormack said. "And I said, 'It's not that expensive when the Porsche is free! It amortizes.'"

Hayes said he didn't want to take the risk and sold the car "right away."

"I was like, 'Well, I could drive a car or live in an apartment and pay my rent,'" he added.

McCormack added that the cast only realized that Hayes did not have his Porsche six weeks later after his old Camry was parked in his parking spot on the show's set.

The 60-year-old actor recalled: "And I said, 'What happened?' and you said, 'I like my Camry.'"