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Nicolas Cage

The Rolls Royce of Lawsuits

3/10/2010 8:58 PM PST BY TMZ STAFF

Nicolas Cage is getting sued for giving up a taste of the good life -- too early. Translation ... he allegedly broke the lease on two pricey Rolls Royce classics.

Nic Cage
Cage signed a 60-month lease agreement for a sweet 1964 Rolls Royce SCIII back in 2007. The monthly lease payment -- a cool $7,663.02. The ride was valued at $550,000.

But one Rolls is not how Nic rolled. Four months after leasing the '64, Nic leased a 2002 Rolls Royce Corniche. Again -- a 60-month lease with payments of $3,630.71. The car was worth $245,000.

In 2009, as Nic faced financial ruin -- he says because of a reckless financial manager -- Nic turned in both cars. The problem ... the lease wasn't over and the leasing company had to sell both cars.

So the leasing company is now suing Nic for the money they lost by selling the car wholesale. The company wants $104,490.68 for the '64 Rolls, and $137,077.06 for the '02.

We're told Nic's people are in the process of negotiating a settlement with the leasing company.

38 COMMENTS

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31.

DianaL    

It is crazy how these celebrities always blame their managers when their finances are messed up and the flu when they OD from drugs!

1634 days ago
32.

Kael    

Johnny, johnny. How do these celebrities get into so much financial trouble when they make huge bling. Johnny, you reading this...rather than turn in your lease, transfer it someone else. Hell, even I did it with my '05 Jeep at www.autoleasebreakers.com, and I only make a fraction of your dogs allowance. Could save yourself some $$ and buy more kibble and bits. Word.

1633 days ago
33.

buxxy    

I'm going out on a limb here but I honestly believe he never knew how to handle money. His family has money...not sure that he knows how to really handle his own finances. Ya get money, ya have fun...the more you make, the more you spend. Just a thought.

1632 days ago
34.

Ed G    

I'm not aware of any Silver Cloud III worth $550k. Even the drophead coupe won't reach that price.

1630 days ago
35.

Daisy    

I like big spending as NC. i m his fan.

1609 days ago
36.

jodii    

What is wrong with this guy? Yes, you had a douche of a manager, but c'mon, Nic, it sounds like you have a self-indulgent taste that got you into all oif this.

1606 days ago
37.

Dakk    

Any time you have something repossessed make sure they show you proof of how much they re-sold the item to someone else or they can gouge you for more than they are entitled to.

1606 days ago
38.

Billy     

YES IT IS WORTH 550000 IT WAS MY FATHERS CAR HE BOUGHT IT FROM SERGIO FRANKIE AN OPERA SINGER IN THE 70'S HAD IT UNTIL 2007 AND SOLD IT TO A DEALER IN CALI ITS ONE OF 26 MADE LEFT HAND DRIVE AND 26 RIGHT HAND DRIVE ITS A CONVERTIBLE THATS WHY ITS WORTH SO MUCH BC THE SILVER CLOUD III WERE ALL 4 DOOR'S EXCEPT 52 OF THEM IN THAT YEAR

1594 days ago
Previous 15 Comments | 1 | 2 | 3

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