3GNAXKEV9LS579509

2020 Chevrolet Equinox LT Salvage Auction Vehicle

This 2020 Chevrolet Equinox LT is a salvage vehicle available through auction, presenting a unique opportunity for mechanics, body shops, or savvy individuals looking for a project car. While this Equinox has sustained flood damage, it is listed as “Run & Drive,” suggesting the engine is in operational condition. Read on for a detailed overview of this vehicle’s specifications, potential issues, and auction details to help you determine if it’s the right fit for your needs.

Vehicle Overview

This white 2020 Chevrolet Equinox LT is a front-wheel-drive utility vehicle powered by a 1.5L Turbo DOHC 4-Cylinder engine paired with an automatic transmission. It has 60,404 miles on the odometer, which is confirmed as actual mileage. The vehicle was previously owned by Progressive Casualty Insurance and is being sold through IAAI in Orlando-North, Florida. It was sold on November 23, 2022, with a final bid of $7,925, although it was originally listed with a “Buy Now” price of $9,000. Keys are available.

Detailed Specifications

• Year: 2020
• Make: Chevrolet
• Model: Equinox
• Trim: LT
• VIN: 3GNAXKEV9LS579509
• Body Type: Utility
• Color: White
• Engine: 1.5L Turbo DOHC 4-Cylinder
• Transmission: Automatic Transmission
• Drive Wheel: Front Wheel Drive
• Fuel Type: Gasoline
• Odometer: 60,404 miles (Actual)
• Damage: Flood
• Auction Location: Orlando-North (FL) – IAAI
• Keys: Available
• Run & Drive: Yes
• Seller: Progressive Casualty Insurance
• Lot Number: 34677982
• External ID: 30419816

Potential Issues and Considerations

Given the flood damage and salvage title, potential buyers should carefully consider the following:

Pros

• Run & Drive Condition: The vehicle is reported to be in “Run & Drive” condition, suggesting a functional engine.
• Potential Cost Savings: Salvage vehicles often offer significant cost savings compared to purchasing a similar vehicle with a clean title.
• Parts Vehicle: If repair is not feasible, it can be a source of spare parts for other Equinox vehicles.
• Relatively Low Mileage: The odometer reading is 60,404 miles, which is moderate for a 2020 vehicle.
• Popular Model: The Chevrolet Equinox is a popular and versatile SUV, making parts readily available.

Cons

• Flood Damage: Flood damage can cause extensive and hidden issues, including electrical problems, corrosion, and mold growth.
• Salvage Title: A salvage title significantly impacts the vehicle’s resale value and may require inspection and certification before it can be legally driven.
• Unknown Internal Damage: The extent of the flood damage to internal components like the engine, transmission, and electronics is unknown and requires thorough inspection.
• Potential for Electrical Issues: Modern vehicles are heavily reliant on electronics, and water damage can lead to unpredictable and costly electrical problems.
• Possible Mold and Mildew: Flooding can lead to mold and mildew growth within the vehicle’s interior, posing health risks.

Summary

This 2020 Chevrolet Equinox LT presents a salvage opportunity with potential for savings, but it’s crucial to carefully assess the extent of the flood damage. The “Run & Drive” status is a positive indicator, but a thorough inspection by a qualified mechanic is highly recommended before bidding. Consider the costs associated with repairs, potential hidden damage, and the implications of a salvage title before making a decision. This vehicle could be a worthwhile project for the right buyer with the necessary skills and resources.