My brother in law had a Chevy Celebrity with the diesel V6 when they were new. It worked just fine for several years and got excellent mileage, if not thrilling power with an automatic transmission. I think it would have compared closely with the Cutlass Cierra. Unfortunately when the car had about 75K on it, the cooling fan quit working while they were on a trip high in the mountains. Driving it out, even waiting for it to cool fairly often, the engine got too hot and went bad. It was very expensive to get it rebuilt, but my sister's kids drove that car for several years while they were in high school and I think they quit driving it because it got wrecked, not because the engine went bad again.
I would say that if it is working well now, it would be hard to go wrong buying it for $500. And while the diesel V6 was not one of GM's best engines ever, it seemed to work out better in the smaller FWD cars than the 350 V8 diesels did in bigger machines. The V8's were awful, especially in pickups where they were expected to do some work.
On the other hand, if it needs much work to be drivable, it might not be worthwhile. Good luck!
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