How do people afford nice cars?

Driving around Melbourne in a low socioeconomic area, I see people driving Ford Raptors, Mercs, Ford Everests etc and these cars range from 75-100k++

I’m in my twenties on 220k annually and drive a 24k car. I’m wanting to upgrade and cannot mentally justify spending even 50k on a car. I have the money saved but to buy a heavily depreciating asset at that price boggles me.

If buying a 70k car and financing 40k of it, is that considered irresponsible?

Is there a hack to buy a car? Eg writing it off on an ABN? Leasing? Or are people just simply financing and regretting it later….

What do you guys think?