That car sure looks old! That correlates with low income, and lower intelligence

Insufficient data, though perhaps a reasonable heuristic. Many people do this, despite being able to afford a more expensive car. Why? Driving an older model high-end car is a good way to avoid the attention of thieves, while retaining a lot of utility. My 14 year old Mercedes has a feature set comparable to a recent model Corolla, but thieves will pay more attention to the Corolla. A car is also a bad place to put one's money. It's much better to buy a cheaper car and invest the difference.