Nicolas Cage sued over cars

Mar 11, 2010, 16:35 GMT

Nicolas Cage is being sued for breach of contract.

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.