Miley Cyrus Drops $127k Cash on a New Mercedes SL R230

Miley Cyrus is living the high life, as she just dropped some serious dough on a brand new Mercedes SL R230 convertible this week.

The 19-year-old visited a Mercedes dealership in Encino, California, where she paid $127,000 cash for her swanky new ride. Miley was escorted home with her bodyguard following close behind, making sure she didn't get a scratch on her new car.

Check out more photos of Miley's new car:

Source: Daily Mail