This is an interesting subject. Studies show that 80% of millionaires in America are first generation (not inherited). Of those, about 25% drive vehicles that are at least 6 years old. Of those, Honda and Toyota are the most common makes.
The takeaway is the average person is less likely to achieve a $1M+ net worth by driving brand new, expensive vehicles. High net worth individuals use the money for investments in appreciating assets and drive modest vehicles.
I see some nice vehicles on the road these days. People are willing to pay $1000+ per month to drive them. Maybe they make more income than me, or maybe they’re sacrificing the future for now. I dunno.