Instead your buy a beat up old Camry, which was in poor maintenance condition, and keeps breaking down, so pretty soon you have to to either replace it or repair it, and that's not cheap, so you go to the cheapest options available, and because of that, those burn out sooner too, and the cycle continues.

Regardless of the hit it would take to your social status, you CAN choose to opt out of a rich neighbourhood or a rich car, if you need a car, you can't opt out of that choice. There's nowhere to opt out to.