In what could be described as ways to spend their money, sources claim that pop superstar Britney Spears and Republican U.S. Presidential candidate Mitt Romney have installed state-of-the art $55,000 Phantom Park car elevators in their private homes. 

According to U.S. Weekly, the 30-year-old singer, who was engaged recently, has the exclusive lift installed at her home in Old Calabasas, California. Romney had the Phantom park car at his private home in La Jolla, California.

Romney has bought the expensive car elevators as part of a renovation to his home.

"They've the ultimate in luxury. A lot of celebrities have the elevators," says Brad Davies, creator of the Phantom Park car elevators.

The American Custom Lifts, who are an exclusive and sole distributor for Phantom park car elevators, have described the elevator on their online portal as a "dream for auto aficionados who like to maintain a hands-on relationship with their machines,"

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