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Car race where cars cannot cost more than $500
(www.npr.org)
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This is obviously an objective criteria, so the mods are always right. Or maybe mildly right? Ahh.. what do we know?
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Finland has similar kind of events called folkrace
Every car that participates is valued at 2000€ and if you refuse to sell your license is revoked. The intention of this is to prevent people from spending too much on their cars and keeping the competition affordable for anyone to partcipate. It's literally called "everyman's class" after all.
The refuse to sell penalty is smart. Keeps people from being overly attached/invested in their car, keeps the focus on the race