Miley Cyrus has a new car. TMZ has reported her new 2012 Mercedes Benz SL550 convertible came with a price tag of $127,000.
That's a lot of money, but is only about 1% of Miley's annual income, so she can definitely afford it.
By my count this is Miley's third Mercedes. She bought one for her sixteenth birthday in 2008, and another new one in early 2010.