1C4RJFAG5LC101198

2020 Jeep Grand Cherokee Altitude Salvage Auction Find

This 2020 Jeep Grand Cherokee Altitude presents a unique opportunity for the savvy buyer. While it sustained front-end damage and is being offered as a salvage vehicle, it’s a run-and-drive unit with intact airbags, suggesting potential for repair or parts harvesting. Read on for a detailed overview of this auction vehicle.

Vehicle Overview

This Jeep Grand Cherokee Altitude, finished in a stylish grey, boasts a powerful 3.6L V6 engine and an automatic transmission. With approximately 51,599 miles on the odometer, it was recently sold at auction on October 18, 2023, for $6,300. The vehicle comes with keys and a Bill of Sale title, but is listed as “Wait Title,” indicating potential delays in obtaining the official title.

Key Auction Details

* Auction Site: IAAI (iaai_com)
* Lot Number: 37745917
* External ID: 38225156~US
* Sale Date: 2023-10-18
* Final Bid: $6,300
* Condition: Run and Drives
* Damage: Front End
* Keys: Available
* Airbags: Intact

Detailed Specifications

Here’s a comprehensive breakdown of this 2020 Jeep Grand Cherokee Altitude:

• Year: 2020
• Make: Jeep
• Model: Grand Cherokee Altitude
• VIN: 1C4RJFAG5LC101198
• Body Type: SUV
• Color: Grey
• Engine: 3.6L V6 24V VVT UPG I W/ESS
• Transmission: Automatic
• Drive Wheel: All-Wheel Drive
• Fuel: Gasoline
• Cylinders: 6
• Odometer: 51,599 miles (Actual)
• Title: Bill of Sale (Wait Title)
• Actual Cash Value (Pre-Accident): $31,949

Pros and Cons of Owning a 2020 Jeep Grand Cherokee Altitude (Salvage)

Considering a salvage vehicle requires careful evaluation. Here’s a balanced look at the potential advantages and disadvantages:

Pros

• Potential Cost Savings: Salvage vehicles are typically significantly cheaper than comparable vehicles with clean titles.
• Parts Vehicle: If repair isn’t feasible, the vehicle can be a valuable source of parts for other Jeep Grand Cherokee owners.
• DIY Project: For mechanically inclined individuals, this could be a rewarding restoration project.
• Run and Drive Condition: The fact that it runs and drives suggests the engine and drivetrain may be in relatively good condition.
• Intact Airbags: Indicates the damage may not have been as severe as it could have been.

Cons

• Front End Damage: The extent of the front-end damage needs careful assessment to determine repair costs.
• Salvage Title: Obtaining a rebuilt title can be a complex and time-consuming process, varying by state.
• Potential Hidden Damage: There may be underlying damage not immediately visible.
• Resale Value: A vehicle with a salvage title will have significantly lower resale value than a clean title vehicle.
• “Wait Title” Status: The “Wait Title” status adds uncertainty and potential delays to the ownership process.

Summary

This 2020 Jeep Grand Cherokee Altitude presents a salvage opportunity with both potential rewards and inherent risks. The front-end damage needs thorough inspection, but the run-and-drive condition and intact airbags offer some reassurance. Prospective buyers should carefully weigh the pros and cons, assess repair costs, and understand the implications of a salvage title before making a decision. Remember to review all available images and videos to get a better understanding of the vehicle’s condition.