There isn't anything wrong with a 2006 Monte Carlo that isn't rusty for $3k, if they will sell it to him. This is a good fairly heavy and safe front wheel drive sporty 2dr car for a teen boy and I endorse it. Also, it will be easy to get reasonably priced parts and service for it down the road and will last a long time if properly maintained and not abused. This is the size and type of car that the American manufacturers have built the best and have the best long-term track record with. I would stay FAR away from a European car (like VW) in that price range. I am a long-time Toyota/Honda guy but in this price range I would go with a mid/full size American car myself, one will not get much of a Japanese brand car for $3k money.
You can get a Japanese car for 3k what are you talking about. Americans were horrible at making front drive sedans in 2006, that's what bankrupted them. It's not a sporty car, it's a mid 2000s American car from when they were at their nadir. It's a $1500 retail car, why do you think it was not traded in? Because the dealer probably offered them $500 for it.
You need to do a search either in Kijiji or Autotrader.ca or whatever else to see the prices being asked for these cars. Many are well over the $3,000 dollar mark.
The car wasn't taken to a dealer. Like I mentioned, the owner found a truck from a person he knows so he purchased it. The car then came up for sale like we found out last night.
With the purchase of our 2017 Impala last November, I couldn't give away our Olds Intrigue, but that's what those were going for at that time.
These Monte's are worth significantly more for some reason, especially the SS's.
It still isn't a no go for me/us yet, but now I am doing a little more research/educating first.
There are plenty of ads posted on kijiji that are completely overpriced, because it is free to post there. I've seen things sit on kijiji for over a year when they are overpriced but there is no pressure to sell the item. Also, it is sort of a rare car now a days, rare does not equal valuable.
Ebay has sold filters, so you can see what the actual prices are. Who would spend $3k on that who is under 50 years old when you can get an equivalent imported car that will be better in every way for the same price? The first one is close in mileage but in much better condition and is an American car being sold in America on ebay but still can't get over $2000 CAD:
$1600 US
$520 US
$735 US
I used to browse kijiji religiously for tools, I know how to determine the value of items on the used market. You only see the unrealistically high prices because the cheap ones sell quickly. You have to be fast to find deals on kijiji in a large city like the GTA.