5LMCJ1C97LUL23381

2020 Lincoln Corsair Salvage Auction Vehicle

This 2020 Lincoln Corsair is available through a salvage auction, presenting a unique opportunity for buyers interested in repair projects, parts harvesting, or export. This silver Corsair, sold by Progressive, sustained flood damage and comes with a Non-Repairable title. While it requires significant work, it offers potential value for the right buyer. Keys are available for this vehicle.

Vehicle Overview

This Lincoln Corsair is a compact luxury SUV known for its comfortable ride and upscale features. This particular vehicle, however, has been affected by flood damage, impacting its overall condition. As a result, it’s being offered through an insurance auto auction. The vehicle was sold at auction on December 20, 2024, with a final bid of $7600.

Detailed Specifications

Here’s a breakdown of the key specifications for this 2020 Lincoln Corsair:

• Year: 2020
• Make: Lincoln
• Model: Corsair
• VIN: 5LMCJ1C97LUL23381
• Engine: 2.0L I4 N
• Drive Wheel: Front-wheel drive
• Exterior Color: Silver
• Damage: Flood
• Title: Non-Repairable
• Airbags: None
• Keys Available: Yes
• Auction Location: Hudson, Florida, USA
• Seller: Progressive (Insurance)
• Lot Number: 40476567
• Auction Site: iaai_com
• Final Bid: $7600

Pros and Cons of Buying a Salvage 2020 Lincoln Corsair

Before bidding on this salvage vehicle, consider the following pros and cons:

Pros:

• Potential Cost Savings: Salvage vehicles are typically priced significantly lower than comparable used vehicles.
• Parts Availability: The Corsair shares parts with other Ford/Lincoln vehicles, making replacement parts relatively accessible.
• Project Vehicle: Ideal for experienced mechanics or enthusiasts looking for a challenging repair project.
• Export Potential: Depending on local regulations, this vehicle may be suitable for export to countries with less stringent vehicle standards.
• Source of Components: Usable parts can be salvaged and re-purposed for other vehicles or projects.

Cons:

• Flood Damage: Flood damage can cause extensive electrical and mechanical issues, potentially leading to costly repairs.
• Non-Repairable Title: This title designation restricts the vehicle from being legally driven on public roads in many jurisdictions.
• Unknown Extent of Damage: The full extent of the damage may not be immediately apparent, requiring thorough inspection.
• Potential for Hidden Issues: Corrosion, mold, and other hidden problems may develop over time due to the flood damage.
• Resale Value: Due to the salvage title and flood damage, the resale value of this vehicle will be significantly lower than a comparable clean-title Corsair.

Auction and Seller Information

This 2020 Lincoln Corsair was sold by Progressive through an Insurance Auto Auction (IAAI). The vehicle was located in Hudson, Florida. The lot number is 40476567. The final bid was $7600.

Summary

This 2020 Lincoln Corsair presents a unique opportunity within the salvage vehicle market. While the flood damage and Non-Repairable title present significant challenges, the potential for cost savings and parts harvesting may appeal to certain buyers. Thoroughly assess the vehicle’s condition and local regulations before placing a bid. Remember to review the available images and video to gain a better understanding of the damage.