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Simon Gets Smart: Cowell Downgrades From A $1 Million Bugatti To A Much More Modest Ride

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Dec. 15 2011, Updated 9:30 a.m. ET

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By Debbie Emery - Radar Reporter

Simon Cowell is a lot smarter than most people give him credit for and his new set of wheels show how money-savvy the reality judge really is.

Despite his multi-million dollar fortune, the X Factor star's new purchase is very economically restrained as he's now hitting the highway in a nifty little Smart Car, and RadarOnline.com has photos of his latest ride.

The 52-year-old television mogul is most often seen hitting the gas in a flashy, sleek Bugatti Veyron sports car, and even he is finding his latest purchase amusing.

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"Everyone is laughing at my new car. But I love it and it glows in the dark!" he tweeted on Wednesday, along with a photo of him smiling cheerfully from the driver seat.

With prices for the Smart Car ranging from $12,490 to $17,690, it is a fraction of the price of the Bugatti, which Cowell reportedly paid close to a million dollars for.

The little run-around gets a wallet-friendly 41 mpg on the highway, which is a far cry from the sports car that has a top speed of 253.81 mph.

The only thing the two vehicles have in common - apart from the driver - is they both come in Simon's signature color, black.

Simon's razor-sharp wit and biting insults will no doubt knock down anyone who dares make fun of his new purchase, and as RadarOnline.com recently revealed, the Brit was always incredibly outspoken even as a child.

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