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Miley Cyrus drops big bucks on a new car

HollywoodNews.com: Miley Cyrus has a lot of money in the bank, and she definitely enjoys spending it as she recently spent a little bit of it on a brand new car.

Cyrus reportedly spent around $127K on a new white 2012 SL550 convertible from a Mercedes Benz dealership in Encino, California, states TMZ.

And Cyrus reportedly drove right off the lot with it after paying for it all at once. Her bodyguard was allegedly there to drive her other car back home so she could enjoy the new one.

Do you think she spends her money wisely?

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