IMO that's a little different since many of them also buying the utility of appearances, which be flaunted at entirely legal speeds or even while parked.
In contrast, an expensive speedy car disguised as a cheap slow one would be much more suspicious.
Allow me to introduce you to sleepers which are somewhat expensive cars disguised as cheap pieces of shit. Most I've been in are absolutely terrifying but seem like lots of fun.
There are also ways to drive fast legally