The actor – who is rumoured to owe around $6 million in unpaid taxes – leased two vintage Rolls Royce cars in 2007 on a 60-month agreement, at a cost of over $10,000 a month. However, he reportedly couldn’t afford the repayments and returned both vehicles and now the leasing company, Premier Financial Services, are suing him over breach of contract for the money they lost by selling the car wholesale.
The company wants $104,490.68 for one vehicle and $137,077.06 for the other. Last October, the ‘National Treasure’ actor – who has been forced to put several of his properties on the market after failing to pay millions of dollars of tax – filed a lawsuit in October claiming Samuel Levin, his former business manager led him "down a path of financial ruin". Levin- who was branded "incompetent" by the actor over his financial advice, which Cage claims has led him towards financial ruin – then filed a cross complaint in Los Angeles Superior Court against the star, insisting he was already in deep debt when he hired him in 2001.
In the complaint Levin insisted Cage refused to listen to his advice, resulting in him having an unpaid tax bill. He said: "From the start of our Business Management Agreement he knew about his perilous financial situation and he knew he was behind on paying his taxes." The business manager claimed he "warned" the actor he needed to earn a minimum of $30 million a year to support his lavish lifestyle and agreed a string of financial objectives which included selling "more than a dozen" of his cars and his $1.6 million comic book collection.
However, following a "string of hit films" Cage started spending again and by July 2008 he owned 15 homes – including two castles – four yachts, a Gulfstream jet, millions of dollars worth of jewellery and art and an island in the Bahamas. Photo: Fame Picture
RELATED POSTS
- Nicolas Cage Being Sued By Former Business Manager
- Nicolas Cage Wanted To “Crawl Up & Hide” When His Financial Situation Escalated Out of Control
- Nicolas Cage – Not such a NICE Guy!
- Nicolas Cage : What are you doing in my House?
- Nicolas Cage Owes Uncle Sam A Lot Of Money!
- Nicolas Cage’s Tax Bill To Uncle Sam Gets Bigger & Bigger
- New Orleans Is Sinking And Nicholas Cage Can’t Swim – He Loses Millions – Blames Business Manager
- Nicholas Cage’s Ex Sues for 13 Million Dollars
|
Christina Hendricks shows her bare boobs off shamelessly - HOLLYWOOD HICCUPS |
Jennifer Aniston's Pokies Are Showing YIKES (Photos) - THE STIR
|
|
|
Kristen Stewart Talks Her Crazy Experience With Katy Perry - FIT FAB CELEB
|
|
|
Angelina Jolie & Brad Pitt’s Wedding Crisis: The Wedding is on HOLD - CELEB BABY LAUNDY
|
|
|
Milley Cyrus Gives Us A Look At Her Boobs (Photos) - HOLLYWOOD HICCUPS
|
|
|
Miranda Kerr Poses Naked 10 Months After Baby Born - SWANKY CELEBS
| |
|
Lady Gaga Flashes Her Genital Piercing - LICKABLE CELEBS
| |
|
Kate Moss 13 Year Old Sister's Modelling Debut (Pics) - CELEB TEEN LAUNDRY
| |
|
Kate Winslet Poses Nude In Rome (Photos) - HOLLYWOOD HICCUPS
| |
|
Kanye West Had A Wardrobe Malfunction (Photo) - FIT FAB CELEB
|
Pingback: Juicy and Delicious Cream-Filled LINKS « Dipped In Cream