Exactly. If you knew for sure you were going to go slow, like turning your car into a neighborhood ice cream truck, you could get away with a lower speed rating. I've read
that in some parts of the EU, it's actually illegal to mount lower-speed tires.
The car is not rated for 1874 lb of passengers and luggage (payload). It's about 40% of that because there is a factor of safety built in. On my car it's 826 lb. Check the label(s) on your door pillar.
That 4034 lbs is the curb weight, to which you add the payload to get the GVWR (Gross Vehicle Weight Rating).
On my car the curb weight is not specified on either door pillar label, but one label shows the GVWR (4883 lb):
View attachment 1052552
and the other label shows the payload ("The Combined Weight of Occupants and Cargo Should Never Exceed 375 kg or 826 lb"):
View attachment 1052553