The 1976 Mercury Monarch has 3 recalls, the most serious being a front suspension defect where mismatched components securing the upper control arms to the body can cause those arms to separate entirely, resulting in a complete loss of steering control.
On the safety equipment side, two-door models equipped with a continuous loop seatbelt system may have a shoulder belt anchor that cannot withstand required load forces in a crash, meaning the belt may not properly restrain the occupant when it matters most. There is also a suspension concern where certain vehicles were built with a right-hand front suspension strut carried over from the 1975 model year rather than the correct 1976 part, which can affect how the front suspension performs.