5UXCR4C03L9B38350

2020 BMW X5 SDRIVE40I Salvage Auction Vehicle

This 2020 BMW X5 SDRIVE40I wagon is currently up for auction and presents a unique opportunity for the right buyer. While this vehicle has sustained engine damage and exterior burn, it offers a chance to acquire a luxury SUV at a potentially significantly reduced price. Located in North Hollywood, CA, this X5 is being offered by State Farm Group Insurance. Read on for a detailed overview of its condition, specifications, and potential considerations before placing your bid.

Vehicle Overview

This BMW X5 is a rear-wheel-drive wagon, equipped with an automatic transmission and a powerful 3.0L DOHC I-6 24V TWINPOWER engine. The vehicle is black and has only 1 mile on the odometer, which is listed as “actual”. Keys are available for this vehicle. While it has engine damage and exterior burn, it could be a worthwhile project for someone with the skills and resources to restore it.

Detailed Specifications

Here’s a breakdown of the key specifications for this 2020 BMW X5:

• Year: 2020
• Make: BMW
• Model: X5
• Generation: SDRIVE40I
• VIN: 5UXCR4C03L9B38350
• Body Type: Wagon 4 Dr.
• Color: Black
• Engine: 3.0L DOHC I-6 24V TWINPOWER
• Transmission: Automatic Transmission
• Drive Wheel: Rear Wheel Drive
• Fuel: Gasoline
• Odometer: 1 mile (Actual)
• Location: North Hollywood (CA) – IAAI
• Keys Available: Yes
• Damage: Engine Damage, Exterior Burn
• Auction Lot: 35310525
• External ID: 39464380
• Final Bid: $13,350 (Not Sold as of 2023-03-01)
• Seller: State Farm Group Insurance
• Details: Stationary

Pros and Cons of Buying a Salvage BMW X5

Before bidding on this salvage BMW X5, consider the potential advantages and disadvantages:

Pros:

• Lower Purchase Price: Salvage vehicles typically sell for significantly less than comparable vehicles with clean titles.
• Potential for Profit: If you have the skills and resources, you could repair and resell the vehicle for a profit.
• Source of Parts: Even if repair isn’t feasible, the vehicle could be a source of valuable parts for other BMWs.
• Luxury Vehicle at an Affordable Price: Owning a BMW X5 becomes more accessible with a salvage title.
• Opportunity for Customization: Repairing the vehicle allows you to customize it to your preferences.

Cons:

• Engine Damage and Exterior Burn: These are significant issues that will require extensive repairs.
• Salvage Title: A salvage title can make it difficult to obtain insurance and financing.
• Potential for Hidden Damage: There may be other underlying issues that are not immediately apparent.
• Repair Costs: Repairing a luxury vehicle can be expensive, especially with engine damage.
• Resale Value: A vehicle with a salvage title will have a lower resale value than a comparable vehicle with a clean title.

Auction Information

This 2020 BMW X5 was offered at auction through IAAI (Insurance Auto Auctions) and located in North Hollywood, CA. The last recorded sale date was March 1, 2023, where it did not sell with a final bid of $13,350. It is recommended to check with IAAI for the most up-to-date auction information and availability. The lot number is 35310525 and the external ID is 39464380.

Summary

This 2020 BMW X5 SDRIVE40I presents a unique opportunity for those willing to take on a repair project. With engine damage and exterior burn, it requires significant work. However, with its low mileage and desirable features, it could be a rewarding investment for the right buyer. Be sure to thoroughly inspect the vehicle and factor in all potential repair costs before placing your bid. Remember to verify the vehicle’s current status and availability with the auction provider, IAAI.