@IowaRam there was a kid in my HS that had an old rusted out Dart. It was a piece of junk, a real rust bucket from the very early 60's. The weather was hard on cars in Cleveland and in 5 years the older cars would start to rust and this one was probably three times that old. A rusted out POS of a car.
I don't remember what was under the hood but it was one of the fastest cars anyone in school had. It would flat out scream down the street.
My HS had both poor and wealthy kids. My best friend my senior year had a Shelby GT 350 and it was a rocket. His family had money. As in real money. His bedroom was bigger than my living room!
Another kid whose family had money ended up buying a Chevelle SS that had a 454 and was a 4 time drag race winner at an Ohio track who's name I cannot remember and it's probably long gone. It was the fastest car in school, nothing could beat it. I can't believe he never wrecked it........it was scary fast. In wet weather it was dangerous.
To give you an idea of how some families had money one kid drove a BMW that was a birthday gift. There was family that had two daughters, one got a Trans Am as a gift. It was the "color" version and they weren't cheap. She got a "blue bird" model whatever it was called, brand new. I'm assuming the other daughter got a new car when she was old enough to drive.