5XXG64J28MG055949

2021 Kia K5 GT-Line Salvage Auction Vehicle

This 2021 Kia K5 GT-Line is now available at auction, presenting a unique opportunity for buyers seeking a project car, parts vehicle, or a potentially repairable sedan. This white K5, equipped with a 1.6L turbocharged engine and all-wheel drive, sustained front-end damage and is being offered with a Bill of Sale from Hawaii. Read on for a detailed overview of its condition and specifications.

Vehicle Overview

This Kia K5 GT-Line comes from GEICO and was sold at auction on August 14, 2024, for $2800. While the airbags have deployed and there is significant front-end damage, the engine reportedly starts. The odometer reads 29,530 miles, and the title is listed as “Wait Title,” indicating a potential delay in receiving the official title.

Auction Details

* Auction Site: IAAI
* Lot Number: 39267372
* Sale Date: August 14, 2024
* Final Bid: $2800
* Seller: GEICO
* Title: Bill Of Sale-Hi (Wait Title)

Detailed Specifications

Here’s a comprehensive list of the vehicle’s specifications:

• Year: 2021
• Make: Kia
• Model: K5 GT-Line
• VIN: 5XXG64J28MG055949
• Body Type: Sedan
• Color: White
• Engine: 1.6L I-4 DI, DOHC, VVT, Turbo, 180hp
• Transmission: Automatic
• Drive Wheel: All-Wheel Drive
• Fuel: Gasoline
• Cylinders: 4
• Odometer: 29,530 miles (Actual)
• Estimated Repair Price: $21,025
• Actual Cash Value: $21,385
• Damage: Front End
• Keys Available: Yes
• Airbags: Deployed
• Condition: Engine Starts
• Grade IAAI: 18
• Location: Kapolei, Hawaii

Pros and Cons

Considering a salvage vehicle requires careful evaluation. Here’s a breakdown of potential pros and cons for this 2021 Kia K5 GT-Line:

Pros

• Potential Cost Savings: Salvage vehicles can be acquired for significantly less than market value.
• Parts Source: Ideal for sourcing parts for existing Kia K5 vehicles.
• Repair Project: Opportunity for experienced mechanics or body shops to restore the vehicle.
• GT-Line Features: This trim level includes desirable features and styling upgrades.
• All-Wheel Drive: Provides enhanced traction and stability, especially in inclement weather.

Cons

• Significant Front-End Damage: Requires extensive repairs, potentially exceeding the vehicle’s value.
• Deployed Airbags: Adds to the repair costs and complexity.
• “Wait Title” Status: Potential delays or complications in obtaining a clear title.
• High Estimated Repair Cost: The estimated repair cost is nearly the same as the actual cash value.
• Unknown Hidden Damage: There may be additional damage not immediately apparent.

Summary

This 2021 Kia K5 GT-Line presents a challenging but potentially rewarding opportunity. With front-end damage and deployed airbags, it’s best suited for experienced buyers with the resources to handle significant repairs. The all-wheel drive and GT-Line trim add value, but the “Wait Title” status and high estimated repair cost should be carefully considered. Be sure to review all available images and information before bidding.