After killing Wallow, Johnny gives the contract to Blackheart. He quickly transforms into Ghost Rider in an effort to subdue Blackheart, but dawn comes and he is rendered powerless, but his power returns when he crawls into dark shadows. Blackheart uses the contract to absorb the thousand souls into his body, taking the name "Legion". He attempts to kill Johnny, but is distracted when Roxanne uses Johnny's shotgun (which Johnny discarded when it went empty) to separate them. After she fails to destroy Legion, Johnny takes the gun and moves into shadows. This allows him to transform to Ghost Rider form; the shotgun transforms into a supernatural weapon which blasts hellfire (perhaps an ability given to it when Slade was made into a Ghost Rider), and Johnny uses it to blast Legion apart. Legion re-forms, but Johnny moves in and uses his Penance Stare, made effective by the thousand souls inhabiting Legion's body, to render him catatonic. Johnny turns away from Roxanne, ashamed of his monstrous appearance; but she approaches him.
Mephistopheles appears and gives Johnny his soul, offering to terminate the burden of Ghost Rider. Johnny refuses, saying that he will use his power against Mephistopheles, against all harm that comes to the innocent and avenge for his father. Infuriated of being robbed of the power, Mephistopheles vows to make Johnny pay, to which Johnny in response recites his favorite saying: "You can't live in fear". Mephistopheles then disappears, and Blackheart's body dissipates with him. As Roxanne strokes Johnny's bare skull, he reverts to human form and the flesh and skin and hair of his head reappears. Johnny and Roxanne share words and a kiss at a tree marked to symbolize their relationship, whereupon Johnny rides into the sunset. Slade's voice then acts as narrator to close the film.
The story sees Johnny Blaze, aka Ghost Rider (Cage), hiding out in remote Eastern Europe and struggling to repress his curse. Blaze is recruited by a sect to take on the devil (Ciaran Hinds), who wants to take over his mortal son’s body on the kid’s birthday.