3GNAXKEG1PS109272

2023 Chevrolet Equinox LT Salvage Auction Opportunity

This 2023 Chevrolet Equinox LT presents a unique opportunity for savvy buyers looking for a project vehicle or affordable transportation. This charcoal-colored SUV, currently available at auction with a salvage title, runs and drives and has sustained front-end damage. With 32,076 miles on the odometer, this Equinox offers a modern platform and features at a potentially significantly reduced cost. This vehicle is being sold by State Farm Insurance.

Vehicle Overview

This Equinox LT is equipped with a 1.5L 4-cylinder engine and an automatic transmission, providing a fuel-efficient and comfortable driving experience. While it has a salvage title due to front-end damage, it is reported to run and drive, suggesting that the damage may be primarily cosmetic or repairable. The vehicle is located in Lawrenceburg, Kentucky, at the KY – Lexington West branch.

Detailed Specifications

Here’s a breakdown of the key specifications for this 2023 Chevrolet Equinox LT:

• Year: 2023
• Make: Chevrolet
• Model: Equinox LT
• VIN: 3GNAXKEG1PS109272
• Odometer: 32,076 miles (Actual)
• Engine: 1.5L 4-Cylinder
• Transmission: Automatic
• Drive Wheel: Front-Wheel Drive
• Fuel: Gas
• Cylinders: 4
• Color: Charcoal
• Title: Salvage Title (Kentucky – Cert Of Title-Salvage)
• Damage: Front End
• Keys Available: Yes
• Condition: Run and Drives
• Seller: State Farm Insurance
• Lot Number: 78228634
• Domain: copart_com
• Estimated Pre-Accident Price: $20,445
• Clean Wholesale Price: $23,925

Auction Information

This Chevrolet Equinox LT is currently listed for sale through Copart. The vehicle is in “sale” status, meaning it is available for bidding. Be sure to check the Copart website for the most up-to-date information on the auction date, time, and bidding process. The lot number is 78228634.

Pros and Cons of Purchasing a Salvage 2023 Chevrolet Equinox LT

Before bidding on this salvage vehicle, consider the potential advantages and disadvantages:

Pros:

• Significant Cost Savings: Salvage vehicles are typically sold at a fraction of their pre-accident value.
• Potential for Repair and Resale: With the right repairs, this Equinox could be resold for a profit.
• Source of Parts: If repair isn’t feasible, the vehicle can be a valuable source of parts for other Equinox owners.
• Modern Features: Being a 2023 model, this Equinox likely has modern safety and technology features.
• Run and Drive Condition: The fact that it runs and drives suggests the engine and drivetrain are potentially in good working order.

Cons:

• Salvage Title Restrictions: A salvage title can make it difficult to obtain insurance and financing.
• Unknown Extent of Damage: While the main damage is listed as “Front End,” there may be hidden or secondary damage.
• Potential Repair Costs: Repairing front-end damage can be expensive, requiring bodywork, parts replacement, and potentially mechanical repairs.
• Diminished Value: Even after repairs, a vehicle with a salvage title will have a lower resale value than a comparable vehicle with a clean title.
• Possible Hidden Issues: Vehicles involved in accidents can sometimes have underlying mechanical or electrical issues that are not immediately apparent.

Summary

This 2023 Chevrolet Equinox LT salvage vehicle offers a potential opportunity for those willing to take on a repair project. While the front-end damage and salvage title present challenges, the vehicle’s relatively low mileage, “run and drive” condition, and modern features make it worth considering for the right buyer. Thoroughly inspect the vehicle’s images and consider a pre-bid inspection to assess the full extent of the damage before placing your bid. Remember to factor in potential repair costs, insurance implications, and the reduced resale value associated with a salvage title.