Taylor Lautner Hits the HFPA Luncheon, Buys $200,000 Car

Slowly but surely becoming a seasoned Tinseltown vet, Taylor Lautner was among the stars attending the Hollywood Foreign Press Association's 2011 Installation Luncheon at the Beverly Hills Hotel on Thursday afternoon (August 4).

The "Twilight" heartthrob suited up as he spent time alongside "Glee" actress Lea Michele and President of the Hollywood Foreign Press Association Aida Takla O'Reilly, while also taking the stage paired up with actress Elizabeth Olsen during the Presentation of Grants ceremony.

The outing comes amidst recent reports telling that the 19-year-old actor recently picked himself up quite the present - as he's said to have purchased a silver 2012 Mercedes-Benz SLS AMG coupe at a Los Angeles, California car dealership last week.

Taylor, who copped the super-sleek 6.3-liter V-8 hot rod - which is estimated to have cost anywhere from $183,000 to $250,000 - has been spotted cruising the streets of Hollywood in his flashy new ride.

As for where Lautner plans to keep his latest pricey possession - insiders tell that the sports car is residing under lock and key at his parents' house.