5TDAAAB56RS045129

2024 Toyota Grand Highlander XLE Salvage Auction: A Prime Opportunity

This 2024 Toyota Grand Highlander XLE, finished in a striking red, presents a unique opportunity for savvy buyers. While bearing a salvage title due to front-end damage, this relatively new SUV with just over 3,000 miles offers significant potential for repair and restoration. Sold at auction on August 14, 2024, this Grand Highlander XLE “runs and drives” and could be a cost-effective way to own a modern, spacious vehicle.

Vehicle Overview

This Grand Highlander XLE is equipped with a 2.4L 4-cylinder engine and all-wheel drive, making it a capable and versatile SUV. The vehicle sustained front-end damage, as noted in the auction details. Despite the damage, the vehicle is reported to run and drive, suggesting that the mechanical components may be largely intact. The vehicle comes with keys.

Detailed Specifications

Here’s a breakdown of the key specifications for this 2024 Toyota Grand Highlander XLE:

• Year: 2024
• Make: Toyota
• Model: Grand Highlander XLE
• VIN: 5TDAAAB56RS045129
• Mileage: 3,010 miles
• Engine: 2.4L 4-Cylinder
• Drive Wheel: All-Wheel Drive
• Fuel: Gas
• Cylinders: 4
• Color: Red
• Title: Salvage Title (Sc)
• Damage: Front End
• Condition: Run and Drives
• Keys Available: Yes
• Auction Location: Gastonia, North Carolina, USA
• Original MSRP: $56,690
• Clean Wholesale Price: $50,200
• Final Bid: $36,250

Pros and Cons of Buying a Salvage Grand Highlander

Pros

• Significant Cost Savings: Salvage vehicles typically sell for far less than their retail value.
• Potential for High ROI: With proper repairs, the vehicle’s value can exceed the purchase and repair costs.
• Modern Features: Being a 2024 model, it likely includes advanced safety and technology features.
• Relatively Low Mileage: With just over 3,000 miles, the engine and other components are relatively new.
• Parts Availability: Toyota parts are generally readily available and affordable.

Cons

• Salvage Title Restrictions: A salvage title can affect insurance rates and resale value.
• Unknown Hidden Damage: There may be unseen damage beyond what is immediately apparent.
• Repair Costs: Repairing front-end damage can be extensive and costly.
• Potential for Mechanical Issues: The accident could have affected mechanical components, even if it currently “runs and drives”.
• Inspection Requirements: Some states require stringent inspections for salvage vehicles before they can be registered.

Important Considerations Before Bidding

Before considering a bid, carefully review all available images and information provided by the auction site (Copart). A pre-purchase inspection by a qualified mechanic is highly recommended to assess the full extent of the damage and potential repair costs. Research the cost of parts and labor in your area to create an accurate repair budget.

Summary

This 2024 Toyota Grand Highlander XLE salvage auction presents a compelling opportunity for those willing to invest time and resources into repairing a damaged vehicle. With its modern features, low mileage, and potential for significant cost savings, this Grand Highlander XLE could be a rewarding project for the right buyer. However, thorough research, careful inspection, and realistic budgeting are essential for a successful outcome.