Well, the MSRP in 97/98 was between $28k-$47k depending on the trim level of the 3000GT (3 trim levels were offered: base, SL, and VR-4). Adjusted for inflation (June 98 to Jun 25), that MSRP range was $55k-$93k. I still couldn't imagine paying $55k for a Mitsubishi, let alone nearly $100k for one; but, for a HS kid, it is even more of an insane consideration (to me). Far be it for me to determine how someone else should spend their money, or what other connections the family may have had to maybe get the cars as discounts; but, it seems that the kid you're referring to didn't have much of any appreciation for the overall cost of the cars since wrecking one was instantly replaced with a new one in a matter of days. I was also poor in HS (also around the same time as you), so I was rolling around in my $800 (~$1600 adjusted for inflation) hand-me-down car and was grateful that I even had that.