The British/Irish stars were each handed a reported $2.5 million earlier this year from record label boss Simon Cowell after the band became an international sensation.
Harry Styles was spotted driving a luxury Audi in April and now his bandmate Malik has also spent big on his first fast car.
The heartthrob was spotted buying a second-hand Bentley Continental GT from a dealership in Hertfordshire, England on Tuesday.
According to Britain's The Sun, the vehicle set the singer back $51,200.
Do you guys think it's wise for the boys to be spending their money so quickly??
Vodafone Australia threw a housewarming party to welcome Joel to Australia. Some lucky Vodafone customers got in on the act! Here's all the action from the night!