Copart sales history of Lexus IS

2021 Lexus IS 300 Salvage Auction – Your Opportunity Awaits!

This 2021 Lexus IS 300 sedan, currently up for auction, presents a unique opportunity for savvy buyers. While it has sustained right-side and suspension damage, resulting in a Non-Repairable title (Certificate Of Destruction in Florida), this vehicle runs and drives and could be a source of parts, or a project for experienced individuals. Offered by Progressive Insurance, this black beauty with 56,528 miles on the odometer is ready for its next chapter.

Vehicle Overview

This Lexus IS 300 is powered by a 2.0L I-4 Turbo engine and features an automatic transmission with rear-wheel drive. It’s currently listed on iaai.com under lot number 41542456 and external ID 42033175~US. The auction is scheduled for March 20, 2025, at 13:30:00 UTC. The current bid is $9,300. This vehicle is located in Pembroke Pines, Florida.

Detailed Specifications

Here’s a breakdown of the key specifications for this 2021 Lexus IS 300:

• Year: 2021
• Make: Lexus
• Model: IS 300
• VIN: JTHAA1D21M5113448
• Body Type: Sedan
• Color: Black
• Engine: 2.0L I-4 DI, DOHC, VVT, Turbo, 241hp
• Transmission: Automatic
• Drive Wheel: Rear
• Fuel: Gasoline
• Cylinders: 4
• Odometer: 56,528 miles (Actual)
• Damage: Right Side, Suspension
• Title: Non-Repairable (Certificate Of Destruction – Florida)
• Airbags: Deployed
• Keys Available: Yes
• Condition: Run and Drives
• Auction Location: Pembroke Pines, FL
• Auction Site: iaai.com
• Lot Number: 41542456
• Seller: Progressive Insurance
• Estimated Repair Price: $26,224
• Actual Cash Value: $26,224

Pros and Cons

Considering a salvage vehicle requires careful evaluation. Here’s a look at potential pros and cons of purchasing this 2021 Lexus IS 300:

Pros:

• Potential Cost Savings: Salvage vehicles can be acquired at a significantly lower price than comparable vehicles with clean titles.
• Parts Source: This vehicle can be an excellent source of parts for repairing another Lexus IS 300 or similar models.
• Project Vehicle: For experienced mechanics or automotive enthusiasts, this could be a challenging but rewarding project.
• Run and Drives: Despite the damage, the vehicle is reported to run and drive, indicating the engine and drivetrain may be in decent condition.
• Luxury Features: Even with damage, you can salvage the luxury features and components of a Lexus.

Cons:

• Significant Damage: The right-side and suspension damage will require extensive repairs or make it suitable only for parts.
• Non-Repairable Title: The “Certificate Of Destruction” title means this vehicle cannot be legally registered or driven on public roads in Florida, and potentially other states.
• Deployed Airbags: Replacing deployed airbags can be costly.
• Unknown Hidden Damage: There may be hidden damage not immediately apparent from the provided information.
• Potential Mechanical Issues: The accident could have caused unseen mechanical damage that may not be immediately obvious.

Auction Information

This 2021 Lexus IS 300 is being auctioned by Progressive Insurance through IAAI (Insurance Auto Auctions). The auction is scheduled for March 20, 2025, at 13:30:00 UTC. The vehicle is located at Miami-North 2 Offsite, 6275 SW 196TH AVE, PEMBROKE PINES, FL, 33332. Be sure to review all available images and the vehicle condition report on iaai.com before placing a bid. Consider inspecting the vehicle in person if possible.

Summary

This 2021 Lexus IS 300 salvage auction presents a unique opportunity for those seeking parts, or a project vehicle. While the right-side and suspension damage and Non-Repairable title are significant considerations, the potential cost savings and the fact that the vehicle runs and drives make it worth investigating for the right buyer. Remember to conduct thorough research and due diligence before bidding. Good luck!