Nicholas Cage in trouble over a pair of unpaid Rolls Royce classics
There’s no doubt that Nicolas Cage has a pretty nice taste when it comes about cars. Paying for them, though, is another matter altogether.
Back in 2007, Cage signed a 60-month lease agreement with Premier Financial Services for a 1964 Rolls Royce SC III, a car that came with a monthly lease of around $7,663.02. Not content with just one classic parked on his garage, Cage went out four months later and leased something a little more up-to-date: a 2002 Rolls Royce Corniche. The Corniche comes with a monthly lease payment of $3,630.71.
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Normally, paying that amount for two cars wouldn’t be a problem for someone who makes about $20 million per movie and while Cage belonged in that elite club, he also had a big problem keeping his dough in his pockets.
As a result of the financial mess he found himself in last year, Cage ended up returning the two cars. The catch is that he’s lease wasn’t over yet. So, PFS decided to sue him for the amount that he still owed, which if put our less-than-stellar Mathematics skills to good use, would be around $104,490.68 for the SC III and $127,077.06 for the Corniche.
Again, numbers like that usually are chump change for celebrities like Nicholas Cage. But he’s in a lot of financial trouble now and the last we heard was that his reps and PFS are currently working on a settlement.
That’s what happens when you have too much money and don’t know how to use it wisely. To make things worse, Cage hasn’t produced a decent movie in quite some time now. Tough times for Ghost Rider, huh?