Kid Cudi seems to be living the good life as of late. The Ohio native has reportedly purchased a pricey automobile and has even used his Tumblr account to showcase photos of the new ride.

The 'Man on the Moon II: The Legend of Mr. Rager' creator is in possession of a black Porsche Panamera. The luxury vehicle doesn't come cheap with last year's model ranging in price from $89,800 to $132,600. Cudi posted images of his new purchase on his blog, one of them showing the rapper standing in front of the vehicle donning black shades and saluting with an obscene hand gesture. The caption under the photo reads, "Cud Life, God is GRAND!"

Last November, Kid Cudi managed to sell around 169,400 units of his sophomore album in its first week. As of January 2011, the effort crossed the 350,000 mark. With copies still being sold, it's no surprise the 'Pursuit Of Happiness' rhymer can afford such luxuries as a Porsche Panamera.

In other Cudi news, the rapper will join Kanye West and his G.O.O.D. Music team at the SXSW Music festival on Saturday (March 19) for a showcase in conjunction with VEVO.

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