Who in their right mind spends $31,000 on a 2002 Monte Carlo?
10-mile Intimidator Monte sells on BaT for $31k... plus buyers fee, tax, title, transportation, insurance...
Trying to follow recent Bring a Trailer auctions is almost worse than trying to follow the 2020 election. My jaw drops further and further down to the ground every day, wondering when it will stop. I've even thrown a bid in myself for three different auctions over the last month, only for the prices to get out of control within minutes of the hammer dropping. Two of those cars ended up selling for more than double what I was willing to pay! I honestly can't figure out if these incredible cars BaT keeps offering up are worth it or if BaT's fanbase just has pockets that are so insanely deep they hang out past their pant cuffs.
One such auction just ended earlier this week. I didn't bid on this car, but the result just blew my mind so much that I was compelled to write a post on DriveTribe. Here we have a 2002 Chevy Monte Carlo SS Intimidator edition with only 10 miles on the dash; not 10,000 miles - 10! I'm sure you remember these: 3,333 Monte's painted black, red, and silver so you could look just like Dale. They were about as special as a pre-bailout GM car could get.
These Monte Carlos had the venerable 3800 V6 that drove the front wheels through a 4-speed automatic transmission. It put down a yawn-inducing 200hp, the exact opposite of intimidating, really. Worst of all, these stickered for $29,710 eighteen years ago, which roughly translates to $42,984 in 2020 monies. Yet again, a super-low mileage "collector car" loses the "investor" their shirt in the deal. At only 10 miles on the odometer, the car has lost about $1,198 per mile in depreciation. If you dig a litter further into this car, the title reads 7 miles. Assume just three miles have been added to the car by drivers who didn't work for GM or a transportation company, and that jumps to $3,994/mile if you're keeping score.
Nevertheless, this car has traded hands once more and congratulations are in order to the new owner. I don't like to tell people how to spend their money, and I hope they are happy with their purchase. The auction came down to two bidders who traded punches from $22,000 all the way up the the winning bid of $31k. Ironically, a BaT user with a Jeff Gordon based handle won...
Raise Hell, Praise Dale!