5XXG64J29NG091828

2022 Kia K5 GT-Line Salvage Auction – Opportunity Awaits!

This 2022 Kia K5 GT-Line, finished in a striking blue, presents a unique opportunity for mechanics, body shop professionals, or anyone looking for a project car. This sedan, sold at auction due to front-end damage, offers a chance to own a stylish and modern vehicle at a significantly reduced price. While it requires repair, it comes with keys and intact airbags, making it a promising candidate for restoration.

Vehicle Overview

This Kia K5 GT-Line is powered by a responsive 1.6L turbocharged engine and features an automatic transmission. With approximately 46,658 miles on the odometer, this front-wheel-drive sedan offers a blend of performance and efficiency. Sold by Progressive Insurance, this vehicle comes with a Rebuildable title from Florida, indicating it can be repaired and returned to the road.

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: 5XXG64J29NG091828
• Body Type: Sedan
• Color: Blue
• Engine: 1.6L I-4 DI, DOHC, VVT, Turbo, 180hp
• Transmission: Automatic
• Drive Wheel: Front-Wheel Drive
• Fuel: Gasoline
• Cylinders: 4
• Odometer: 46,658 miles (Actual)
• Title: Rebuildable-FL (Wait Title)
• Damage: Front End
• Keys Available: Yes
• Airbags: Intact
• Condition: Not Running
• IAAI Grade: 34
• Estimated Repair Price: $16,402
• Actual Cash Value: $21,817
• Auction Location: Pembroke Pines, Florida
• Selling Branch: Miami-North (FL)
• Lot Number: 39986360
• Sold Price: $5,900

Pros and Cons of Purchasing a Salvage Kia K5

Before bidding, consider the potential advantages and disadvantages of purchasing this salvage vehicle:

Pros:

• Significant Cost Savings: Salvage vehicles are typically sold at a fraction of their pre-accident value.
• Opportunity for Customization: Repairing the vehicle allows for personalized modifications and upgrades.
• Potential for Profit: If repaired skillfully, the vehicle can be resold for a profit.
• Modern Features: The 2022 Kia K5 GT-Line boasts modern technology and design.
• Intact Airbags: The fact that the airbags are intact suggests the damage may be less severe than it appears.

Cons:

• Front-End Damage: Requires significant repair work, potentially involving structural components.
• Not Running Condition: The vehicle’s non-operational status adds complexity to the repair process.
• Rebuildable Title: Requires inspection and certification after repairs to be legally driven.
• Potential for Hidden Damage: Underlying issues may not be immediately apparent.
• Wait Title: Delays in obtaining the title can postpone the repair process.

Auction Information

This 2022 Kia K5 GT-Line was sold on October 11, 2024, through IAAI (Insurance Auto Auctions) with Lot Number 39986360. The final bid was $5,900. While the auction is complete, this information can be used to gauge market value and potential repair costs. The vehicle is located in Pembroke Pines, Florida, at the Miami-North branch.

Summary

This 2022 Kia K5 GT-Line salvage vehicle offers a compelling opportunity for those with the skills and resources to undertake a repair project. Despite the front-end damage and “not running” condition, the vehicle’s modern features, intact airbags, and potential for significant cost savings make it a worthwhile consideration. Thoroughly assess the damage, research repair costs, and understand the requirements for obtaining a rebuilt title in Florida before making a decision.