1HGCY1F26RA017110

2024 Honda Accord LX Salvage Auction – Your Opportunity Awaits!

This 2024 Honda Accord LX, currently available at auction, presents a unique opportunity for savvy buyers. With only 7,767 miles and a “Run and Drives” condition, this grey sedan offers a chance to own a modern vehicle at a potentially significantly reduced price. While it has sustained front-end damage and the airbags have deployed, its 1.5L Turbo engine and automatic transmission are reported to be functional, making it a promising project car or source of parts. This vehicle is being sold with a Salvage title from Virginia through Progressive Insurance.

Vehicle Overview

This Honda Accord LX is a 2024 model year sedan, known for its fuel efficiency, reliability, and comfortable ride. This particular vehicle is being offered through an IAAI auction in Suffolk, Virginia, with lot number 39307894. The vehicle has sustained front-end damage, and the airbags have deployed, resulting in a salvage title. Despite the damage, the car is listed as “Run and Drives,” indicating that it is still operational. The current bid is $7,675 with a buy now price of $9,800.

Key Auction Information

* **Auction Location:** Suffolk, Virginia
* **Auction Site:** IAAI (iaai.com)
* **Lot Number:** 39307894
* **Seller:** Progressive Insurance
* **Title:** Salvage-Va (Salvage Virginia)
* **Condition:** Run and Drives
* **Current Bid:** $7,675 (as of last update)
* **Buy Now Price:** $9,800 (as of last update)
* **Sale Date:** 2024-09-01T16:48:05.000000Z

Detailed Specifications

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

• Year: 2024
• Make: Honda
• Model: Accord LX
• VIN: 1HGCY1F26RA017110
• Body Type: Sedan
• Color: Grey
• Engine: 1.5L I-4 DI, DOHC, VVT, Turbo, 192hp
• Transmission: Automatic
• Drive Wheel: Front-Wheel Drive
• Fuel: Gasoline
• Cylinders: 4
• Odometer: 7,767 miles (Actual)
• Estimated Repair Price: $26,255
• Actual Cash Value: $26,255
• Damage: Front End, Unknown
• Keys Available: Yes
• Airbags: Deployed

Pros and Cons of Buying This Salvage Accord

Consider these points before bidding:

Pros:

• Potentially Low Purchase Price: Salvage vehicles often sell for significantly less than their market value.
• Modern Vehicle: Being a 2024 model, it has current safety features and technology.
• Run and Drives Condition: Indicates the engine and drivetrain are functional, reducing immediate repair needs.
• Source of Parts: If repair isn’t feasible, it can be a valuable source of parts for other Honda vehicles.
• Low Mileage: With only 7,767 miles, many components are relatively new.

Cons:

• Significant Front-End Damage: Requires extensive repairs, potentially exceeding the vehicle’s value.
• Airbag Deployment: Replacing airbags is costly and requires professional installation.
• Salvage Title: Can affect insurance rates and resale value.
• Unknown Secondary Damage: The “Unknown” damage category could indicate hidden issues.
• High Estimated Repair Cost: The $26,255 repair estimate is substantial.

Summary

This 2024 Honda Accord LX salvage vehicle presents a mixed bag of opportunities and challenges. While the front-end damage and deployed airbags are significant drawbacks, the “Run and Drives” condition, low mileage, and potential for a low purchase price make it worth considering for experienced mechanics, body shop professionals, or those seeking a source of parts. Thoroughly review the provided images and consider a pre-bid inspection to assess the full extent of the damage before placing your bid. Remember to factor in the cost of repairs, title transfer fees, and potential insurance implications before making a final decision.