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You can get 4 cores, 6gb ram, 200gb ssd for 6$ per month from contabo.
Lets normalize the price for comparison.
6/3 = 2
So for the same normalized price you get:
Thats a bit more CPU, four times the RAM and six times the storage!!!
I highly doubt that the "near bare metal" performance of that one core is better than just having 30% more virtualized cores.
And the math gets even worse if you compare the other tiers.
The only good tradeoff for this offer is the unlimited traffic IF and only if you actually would hit the comtabo limits (32TB outbound + unlimited incoming) and there is probably some math where you can calculate when it starts to be worth the money vs. getting a second contabo vps.
Contabo uses recycled hardware for many of its products, which contributes to its competitive pricing. However, this practice might raise concerns about reliability for critical projects.