5XXG64J24NG150672

2022 Kia K5 GT-Line Salvage Auction: Your Opportunity Awaits!

Looking for a project car with potential? This 2022 Kia K5 GT-Line, recently sold at auction, offers a fantastic opportunity for mechanics, body shop professionals, or anyone looking for a rewarding restoration project. While it sustained front-end damage and has deployed airbags, this K5 GT-Line runs and drives, presenting a solid foundation for repair and customization. Read on for a detailed overview of this auction vehicle.

Vehicle Overview

This white 2022 Kia K5 GT-Line sedan, with approximately 32,539 miles on the odometer, was sold at auction by Progressive. It features a 1.6L turbocharged engine and an automatic transmission, offering a blend of performance and efficiency. The vehicle comes with keys and is located in Palmetto, Florida. While it has a Rebuildable title from Florida, the “Run and Drives” condition suggests that the engine and drivetrain are in working order, despite the front-end damage.

Detailed Specifications

Here’s a breakdown of the key specifications for this 2022 Kia K5 GT-Line:

• Year: 2022
• Make: Kia
• Model: K5 GT-Line
• VIN: 5XXG64J24NG150672
• Body Type: Sedan
• Color: White
• Engine: 1.6L I-4 DI, DOHC, VVT, Turbo, 180HP
• Transmission: Automatic
• Drive Wheel: Front-Wheel Drive
• Fuel: Gasoline
• Cylinders: 4
• Odometer: 32,539 miles (Actual)
• Title: Rebuildable (Florida)
• Damage: Front End, Unknown
• Airbags: Deployed
• Keys: Available
• Condition: Run and Drives
• Grade (IAAI): 30

Auction Details

This vehicle was sold on September 18, 2024, and was listed on IAAI.com. The final bid was $5,750. The estimated repair price is $18,774, while the actual cash value was estimated at $22,261.

Pros and Cons of Purchasing a Salvage 2022 Kia K5 GT-Line

Before you consider bidding on a salvage vehicle, it’s important to weigh the potential advantages and disadvantages. Here’s a list of pros and cons specific to this 2022 Kia K5 GT-Line:

Pros:

• Potential Cost Savings: Salvage vehicles are typically much cheaper than their counterparts with clean titles.
• Opportunity for Customization: Repairing a salvage car allows you to customize it to your exact specifications.
• Modern Features: The 2022 Kia K5 GT-Line comes equipped with modern technology and safety features.
• Performance: The 1.6L turbocharged engine offers a good balance of power and fuel efficiency.
• “Run and Drives” Condition: Despite the damage, the vehicle is reported to run and drive, suggesting a solid mechanical foundation.

Cons:

• Front-End Damage: Significant front-end damage will require extensive repairs, including bodywork and potentially mechanical repairs.
• Deployed Airbags: Replacing deployed airbags can be costly.
• Rebuildable Title: The vehicle will require inspection and certification before it can be legally driven on public roads.
• Potential Hidden Damage: There may be hidden damage not immediately apparent from the auction listing.
• Unknown Repair History: The full extent of the damage and any previous repairs may be unknown.

Summary

This 2022 Kia K5 GT-Line presents a unique opportunity for those willing to invest the time and effort into a salvage vehicle project. With its modern features, turbocharged engine, and “Run and Drives” condition, it offers a promising foundation for restoration. However, potential buyers should carefully consider the extent of the front-end damage, deployed airbags, and the requirements for obtaining a rebuilt title. Thorough inspection and careful planning are essential before making a bid.