I drop Jnr FD off at private school in the morning. The car park is full of Range Rover Evoques, Range Rovers, Audi 4 x4 etc. Pretty much all I am sure on lease. IMO you would be stupid to buy when you can lease. Helps with cash flow too.
Then there are a few of us that turn up in 'normal cars' ie me in a Toyota Aygo, others in battered 20 yr old cars.
I have tried to work out if its a status thing or not, and currently I am undecided. It does go through phases, and it would appear you have to have the right 4x4, but then that extends to carrying the right hand bag (if your female), and wearing the latest clothes etc etc. The whole dropping the kids off at school is a fashion statement / excercise.
I dont think its an exercise in 'I have more money than you snobbery', as it is quite clear they are loaded and can afford what ever they like (so why shouldnt they) more the fact that they dont work, and therefore have no goals/ambition/any thing to occupy them, so to make life interesting they get the latest fashion statements.
If you dont like cars that fair enough, buy a heap of sh!t I like cars, and buy ones that I can afford, as my wife and I have worked harder over the last few years we can now afford nicer cars (although I have to say its questionable these days what more you get from the likes of BM and Merc that you cant get in a Ford). As I said the next car I am looking at will hopefully be a 2nd hand Porsche. Nothing to do with status etc, just because its about the best 'affordable' sports car out there and I want one