KM8R34HE1LU113857

2020 Hyundai Palisade S Salvage Auction – Chicago North, IL

This 2020 Hyundai Palisade S is available for auction and presents a unique opportunity for buyers looking for a project vehicle or parts. Located in Chicago North, IL, this front-wheel-drive SUV sustained burn damage and was recently sold at auction for $9300. With 18,822 miles on the odometer, it’s a relatively low-mileage vehicle, but potential buyers should carefully review the damage and consider the repair costs.

Vehicle Highlights

This Palisade S offers a spacious interior and a smooth ride, characteristic of the model. Despite the damage, this vehicle retains many of its original components and could be a cost-effective option for those willing to invest in its restoration. The vehicle comes with keys, which is a definite plus.

Detailed Specifications

• Year: 2020
• Make: Hyundai
• Model: Palisade S
• VIN: KM8R34HE1LU113857
• Engine: 3.8L 6-Cylinder
• Transmission: Automatic
• Drive Wheel: Front-wheel Drive
• Fuel: GAS
• Odometer: 18,822 miles (Actual)
• Color: White
• Location: Chicago North, IL
• Damage: Burn
• Keys Available: Yes
• Auction Location: COPART
• Sale Date: August 9, 2022
• Final Bid: $9300

Pros and Cons of Buying a Salvage 2020 Hyundai Palisade

Potential Benefits

• Lower Purchase Price: Salvage vehicles are typically sold at a significantly lower price than comparable used vehicles.
• Potential for Savings: If you have the skills or resources to repair the vehicle yourself, you could save a considerable amount of money.
• Parts Vehicle: Even if the vehicle is beyond repair, it can be a valuable source of parts for other Hyundai Palisade owners.
• Relatively Low Mileage: With under 20,000 miles, the engine and transmission may still have plenty of life left.
• Modern Features: The 2020 Palisade comes equipped with modern safety and convenience features.

Potential Drawbacks

• Burn Damage: The extent of the burn damage is unknown and could require extensive repairs.
• Unknown Repair Costs: Accurately estimating the repair costs without a thorough inspection can be challenging.
• Title Issues: Salvage titles can affect the vehicle’s resale value and may require additional inspections before the vehicle can be registered.
• Potential for Hidden Damage: There may be hidden damage that is not immediately apparent.
• Insurance Challenges: Insuring a salvage vehicle can be more difficult and expensive.

Summary

This 2020 Hyundai Palisade S presents a unique opportunity for the right buyer. While the burn damage is a significant factor to consider, the vehicle’s relatively low mileage and the availability of keys make it a potentially worthwhile project. Thoroughly assess the damage, estimate repair costs, and understand the implications of a salvage title before placing a bid. Remember to factor in transportation costs from Chicago North, IL. Good luck!