5YFEPMAE3NP281033

2022 Toyota Corolla LE Salvage Auction – A Great Opportunity!

This 2022 Toyota Corolla LE, now available through salvage auction, presents a unique opportunity for those looking for a reliable and fuel-efficient vehicle at a potentially reduced cost. While it has sustained damage, it runs and drives and offers a chance to own a late-model Corolla with relatively low mileage. This red sedan, sold by Progressive through IAAI, is located in San Antonio, Texas.

Vehicle Overview

This Corolla LE is equipped with a fuel-efficient 1.8L I-4 engine and an automatic transmission, making it a practical choice for daily commuting. With just over 59,000 miles on the odometer, this vehicle still has plenty of life left. However, it’s important to note that the vehicle sustained left front and suspension damage.

Detailed Specifications

Here’s a comprehensive breakdown of this 2022 Toyota Corolla LE’s specifications:

• Year: 2022
• Make: Toyota
• Model: Corolla LE
• VIN: 5YFEPMAE3NP281033
• Body Type: Sedan
• Color: Red
• Engine: 1.8L I-4 DOHC, VVT, 139hp
• Transmission: Automatic
• Drive Wheel: Front-Wheel Drive
• Fuel: Gasoline
• Cylinders: 4
• Odometer: 59,358 miles (Actual)
• Damage: Left Front, Suspension
• Keys Available: Yes
• Airbags: Intact
• Condition: Run and Drives
• Title: Original-Tx, Wait Title
• Auction Location: San Antonio, Texas
• Auction Site: IAAI (iaai.com) – Lot #39766729
• Seller: Progressive (Insurance Company)
• Grade IAAI: 33

Pros and Cons of Buying a Salvage 2022 Toyota Corolla LE

Buying a salvage vehicle can be a smart financial decision, but it’s crucial to weigh the potential benefits against the risks. Here’s a look at the pros and cons of this particular 2022 Toyota Corolla LE:

Pros

• Lower Purchase Price: Salvage vehicles typically sell for significantly less than comparable vehicles with clean titles.
• Potential for Repair and Resale: With the right repairs, this Corolla could be restored and resold for a profit.
• Source of Parts: If you own another Corolla, this vehicle could be a valuable source of spare parts.
• Fuel Efficiency: Corollas are known for their excellent fuel economy, making them a cost-effective choice for daily driving.
• Reliable Engine: The 1.8L engine is generally considered reliable and long-lasting.
• Run and Drives Condition: The vehicle runs and drives, indicating that the engine and transmission are likely in working order.

Cons

• Damage Repair Costs: Repairing the left front and suspension damage could be expensive.
• Salvage Title Restrictions: A salvage title may limit your ability to insure or resell the vehicle.
• Potential for Hidden Damage: There may be hidden damage that is not immediately apparent.
• Inspection Required: Depending on your state, you may need to pass a rigorous inspection before the vehicle can be registered.
• “Wait Title” Status: The “Wait Title” status could cause delays in obtaining the official title.
• Progressive as seller: Insurance companies often sell vehicles with unknown history.

Auction Details and Important Considerations

This 2022 Toyota Corolla LE was sold at auction on August 27, 2024, through IAAI (iaai.com) with lot number 39766729. The final bid was $8325. The vehicle is located in San Antonio, Texas. Before bidding on any salvage vehicle, it’s highly recommended to thoroughly inspect the vehicle in person or hire a qualified mechanic to do so. Review the extensive photo gallery and consider ordering a vehicle history report to uncover any potential issues. The seller is Progressive Insurance.

Summary

This 2022 Toyota Corolla LE salvage auction offers a chance to acquire a relatively new vehicle at a reduced price. While the vehicle has sustained left front and suspension damage, its “run and drives” condition and relatively low mileage make it an appealing option for experienced mechanics, body shop professionals, or those seeking a project car. Remember to carefully assess the damage, repair costs, and title implications before making a bid.