Copart sales history of KIA K5

2022 Kia K5 GT-Line Salvage Auction – A Potential Project Car

This 2022 Kia K5 GT-Line, finished in a sleek grey, is currently available through a salvage auction. While it sustained damage to both the rear and front end, it’s listed as “run and drives,” presenting a unique opportunity for a skilled mechanic, body shop, or DIY enthusiast to restore a modern sedan at a potentially significant discount. Read on for a detailed overview of its condition, specifications, and potential considerations before bidding.

Vehicle Overview

This Kia K5 GT-Line comes equipped with a 1.6L 4-cylinder engine and an automatic transmission, delivering power to the front wheels. With just over 88,000 miles on the odometer (verified as actual), it has seen some road time. The vehicle is being sold with a salvage title from Texas, indicating it has been declared a total loss by an insurance company (USAA) due to the extent of the damage. Keys are available.

Damage and Condition

The primary damage is to the rear end, with secondary damage to the front end. Potential bidders should carefully review the provided images to assess the full extent of the damage and estimate repair costs. While listed as “run and drives,” a thorough inspection is highly recommended before attempting to operate the vehicle on public roads.

Detailed Specifications

Here’s a comprehensive breakdown of the 2022 Kia K5 GT-Line’s specifications:

• Year: 2022
• Make: Kia
• Model: K5
• Trim: GT-Line
• VIN: 5XXG64J29NG108143
• Engine: 1.6L 4-Cylinder
• Transmission: Automatic
• Drive Wheel: Front-Wheel Drive
• Fuel: Gas
• Cylinders: 4
• Odometer: 88,027 miles (Actual)
• Color: Grey
• Title: Salvage Title (Texas)
• Damage: Rear End & Front End
• Keys Available: Yes
• Condition: Run and Drives
• Auction Location: Wilmer, Texas (TX – Dallas South)
• Seller: USAA (Insurance Company)
• Lot Number: 64408664
• Sale Date: September 16, 2024
• Final Bid: $5,700

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

Before placing a bid, consider the potential advantages and disadvantages of purchasing this salvage vehicle.

Pros

• Potential Cost Savings: Salvage vehicles often sell for significantly less than their market value, even after factoring in repair costs.
• Opportunity for Customization: Repairing a salvage vehicle allows you to customize it to your exact specifications.
• Modern Features: The 2022 Kia K5 GT-Line offers a range of modern features and technology.
• Parts Availability: Parts for the Kia K5 are generally readily available.
• Run and Drives: Vehicle is listed as “run and drives” which is a plus.

Cons

• Salvage Title: A salvage title can affect the vehicle’s resale value and insurability.
• Unknown Hidden Damage: There may be hidden damage not immediately apparent in the photos or description.
• Potential Mechanical Issues: The accident could have caused unseen mechanical damage.
• Repair Costs: Repair costs can quickly escalate, potentially exceeding the vehicle’s value.
• Safety Concerns: Depending on the severity of the damage, the vehicle’s safety may be compromised, even after repairs.
• Possible electronic issues: Modern vehicles have sensitive electronics that can be damaged in a collision.

Summary

This 2022 Kia K5 GT-Line presents a salvage opportunity for those willing to undertake a repair project. With rear and front end damage, it will require significant work. However, with a “run and drives” condition and a salvage title, it offers the potential for substantial savings. Thoroughly assess the damage, estimate repair costs, and weigh the pros and cons before placing your bid. Good luck!