New Celebrity Gossip from our friends at Perezhilton.Com!

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This is certainly NOT going to help - he's already in MASSIVE debt!!

Back in 2007, before Nicolas Cage was EFFED financially, he decided to lease two vintage Rolls Royce cars!!

TWO?? You really needed TWO Rolls Royce's??

Well, as we all know, now that Nic can't even afford a Baja Blast from Taco Bell, he returned the cars.

HOWEVER, he signed 60-month leasing contracts with Premier Financial Services, who are not happy about the $$$$ they lost over the actor's breach of contract, and are suing him for almost $250,000!!

Ouch!!

Bet you're wishing you had just been practical and stuck with a Volvo station wagon, right Nic??

[Image via WENN.]