Nicolas Cage Facing A Big Bill Over Pricey Car Lease

by Deidre Woollard (RSS feed)
Mar 15th 2010 at 6:01PM

Nicolas Cage's financial woes continue apace. In his spendier days he had two main weaknesses, expensive houses and pricey cars. We've seen what has happened with the houses, most have either been sold off or have headed back to the bank. Now TMZ has papers showing that Cage's love of cars got him in financial hot water too.

A leasing company, Premier Financial Services has threatened him over breach of contract. He signed a five year lease on a 1964 Rolls Royce SCIII back in 2007. He paid $7,663.02 per month on the car which was worth at least $550,000. One Rolls was not enough, he also leased a 2002 Rolls Royce Corniche, a car worth approximately $245,000 and carrying payments of $3,630.71.

When Cage began to feel the financial pinch last year he turned in both cars but because the leasing agency had to sell the 2002 Corniche it has wants money for upaid bills as well as a penalty for having to sell the car wholesale. TMZ reports that Cage's people are trying to work with the leasing agency. There is a third category that Cage liked to spend a lot of money in, collectibles, so far that category has brought him some money, perhaps it's time to sell off the comic books and old dinosaur bones.

Tags: hancock park collection, nicolas cage, nicolas cage money problems, premier financial services, rolls-royce, rolls-royce corniche

Filed under: Luxury Cars & Autos, Celebrity Shopping

Subscribe to these comments

Reader Comments (Page 1 of 1)

anthony lopez May 17th 2010 12:26PM

Premier Leasing, like many dealers and financial institutions try to pull the wool over most customers heads when they are under financial pressure. Especially when its over vehicles that have emotional value. I'm a leasing specialist with The Lease Outlet, I'd like to be of service and assist. if you have any questions, feel free to contact me. Have a wonderful day!

-Anthony Lopez
1-800-686-2615