3C4NJCBB7LT135986

2020 Jeep Compass Latitude Salvage Auction Vehicle

This 2020 Jeep Compass Latitude presents a unique opportunity for savvy buyers looking for a project vehicle or parts source. This white Compass, sold with a salvage title from State Farm Insurance, sustained front end and side damage. Despite the damage, it offers a chance to own a relatively recent model year Jeep at a potentially significantly reduced cost. Read on for detailed specifications, potential pros and cons, and everything you need to know before bidding.

Vehicle Overview

This Jeep Compass Latitude is equipped with a 2.4L 4-cylinder engine and an automatic transmission, delivering power to the front wheels. It comes with keys and was sold at auction on March 6, 2025, for a final bid of $1750. While it has sustained damage, it’s important to consider the potential value in its components and the possibility of repair.

Detailed Specifications

• Year: 2020
• Make: Jeep
• Model: Compass Latitude
• VIN: 3C4NJCBB7LT135986
• Engine: 2.4L 4-Cylinder
• Transmission: Automatic
• Drive Wheel: Front-Wheel Drive
• Fuel: Gas
• Cylinders: 4
• Color: White
• Title: Salvage Title (Tx – Salvage Vehicle Title)
• Damage: Front End & Side
• Keys Available: Yes
• Condition: Enhanced
• Auction Location: TX – Dallas (Grand Prairie, Texas)
• Selling Branch: tx – dallas
• Seller: State Farm Insurance
• Lot Number: 41581355
• Sale Date: 2025-03-06
• Final Bid: $1750
• Pre-Accident Price: $16027
• Clean Wholesale Price: $17525

Pros and Cons of Buying a Salvage 2020 Jeep Compass Latitude

Potential Benefits (Pros)

• Low Purchase Price: Salvage vehicles typically sell for significantly less than their retail value.
• Parts Source: If you need parts for another Jeep Compass, this vehicle could be a cost-effective source.
• Project Vehicle: For experienced mechanics or body shop professionals, this could be a rewarding repair project.
• Potential for Resale: If repaired properly and legally, the vehicle could be resold (check local regulations).
• Modern Features: Being a 2020 model, it likely includes modern safety and technology features.

Potential Drawbacks (Cons)

• Salvage Title Restrictions: Salvage titles often come with restrictions on registration and insurance.
• Unknown Extent of Damage: The full extent of damage might not be immediately apparent.
• Potential Hidden Issues: There could be hidden mechanical or electrical issues related to the accident.
• Repair Costs: Repairing the vehicle to a roadworthy condition could be expensive.
• Resale Value: Even after repair, a vehicle with a salvage title will typically have a lower resale value.

Important Considerations Before Bidding

Before placing a bid on this 2020 Jeep Compass Latitude, carefully review all available images and information. Consider the extent of the front end and side damage and factor in the cost of potential repairs, including parts and labor. Research the specific regulations regarding salvage titles in your state or region. It’s also advisable to have the vehicle inspected by a qualified mechanic before committing to a purchase.

Summary

This 2020 Jeep Compass Latitude salvage vehicle offers both opportunities and challenges. With its salvage title and front end/side damage, it’s crucial to thoroughly assess its condition and potential repair costs. If you’re an experienced mechanic, body shop professional, or simply looking for a parts source, this Compass could be a worthwhile investment. However, be sure to do your due diligence and understand the implications of owning a salvage vehicle before placing your bid.