London, Feb 2 : Miley Cyrus has added to her collection of cars by splurging 127,000 dollars on a brand new luxury convertible.

Cyrus dropped by a Mercedes Benz dealership in Encino, CA last week and drove off the lot in a brand new white 2012 SL550 convertible, TMZ reported.

According to sources, the former `Disney' star paid the entire amount in cash.

Meanwhile, her bodyguard got behind the wheel of her old vehicle and drove it back to her pad so she could joyride in her new toy. (ANI)