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What's the point of owning a Ferrari?
Why do peacocks have such elaborate feather displays?
The point is imagining that others would look up to you*
*While in reality, literally not a single person on earth gives even the tiniest fuck about you wasting money on a useless, annoyingly noisy and wasteful fucking car. Exceptions are 5 year olds and people who never exceeded that intellectual level.
The rich don't want to impress you, they want to impress other rich people.
I doubt that that works. Most rich people probably know very well that there's nothing impressive about buying something.
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