5XXG64J2XNG121774

2022 Kia K5 GT Line Salvage Auction Find

This 2022 Kia K5 GT Line presents a unique opportunity for savvy buyers looking for a project car or affordable parts. This vehicle, recently sold at auction with a salvage title, offers the sporty styling and modern features of the K5 GT Line at a potentially significantly reduced cost. While it does have damage, it runs and drives, making it a compelling option for those with the skills and resources to restore it.

Vehicle Overview

This Kia K5 GT Line, finished in white, was sold at a Copart auction on September 11, 2024. Showing just over 30,000 miles on the odometer, this front-wheel-drive sedan is powered by a 1.6L 4-cylinder engine paired with an automatic transmission. The vehicle sustained side and front-end damage and is being sold with a salvage title from Florida. The keys are available.

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: 5XXG64J2XNG121774
• Odometer: 30,416 miles (Actual)
• Engine: 1.6L 4-Cylinder
• Transmission: Automatic
• Drive Wheel: Front-Wheel Drive
• Fuel: Gas
• Cylinders: 4
• Color: White
• Title: Salvage Title (Florida – CERT OF TITLE SLVG REBUILDABLE)
• Damage: Side and Front End
• Keys Available: Yes
• Seller: State Farm Insurance
• Auction Location: Homestead, Florida (FL – Miami South)

Pros and Cons of Buying a Salvage 2022 Kia K5 GT Line

Before bidding on this vehicle, consider the potential advantages and disadvantages:

Pros:

• Significant Cost Savings: Salvage vehicles typically sell for far less than their retail value.
• Potential for Resale: Once repaired and inspected, the vehicle could be resold.
• Source of Parts: If repair isn’t feasible, the vehicle can be a source of affordable parts for other Kia K5s.
• Modern Features: The 2022 K5 GT Line comes equipped with modern technology and safety features.
• Sporty Styling: The GT Line trim offers a more aggressive and appealing aesthetic.

Cons:

• Salvage Title Restrictions: A salvage title can make it difficult to obtain insurance and registration.
• Unknown Hidden Damage: There may be underlying damage not immediately apparent.
• Repair Costs: Repairing side and front-end damage can be expensive, requiring professional bodywork.
• Potential Mechanical Issues: The accident could have affected mechanical components.
• Diminished Value: Even after repair, the vehicle’s value will be lower than a comparable vehicle with a clean title.
• Availability of parts: Depending on the damage, some parts may be difficult to source.

Auction Details and Considerations

This 2022 Kia K5 GT Line was sold at auction by State Farm Insurance through Copart. The vehicle is located in Homestead, Florida. While it is listed as “Run and Drives”, a thorough inspection is highly recommended before making any bids. Consider the cost of transportation, repairs, and potential inspection fees when determining your maximum bid. Remember that a salvage title vehicle requires careful assessment and repair to ensure safety and roadworthiness.

Summary

This 2022 Kia K5 GT Line offers a chance to acquire a modern, stylish sedan at a reduced price. However, potential buyers must carefully weigh the risks associated with a salvage title vehicle, including repair costs, potential hidden damage, and title restrictions. If you’re prepared to invest the time and resources needed for restoration, this K5 GT Line could be a rewarding project.