JTDEPMAE1NJ223345

2022 Toyota Corolla LE Salvage Auction – A Smart Buy?

Looking for a reliable and fuel-efficient sedan at a fraction of the retail price? This 2022 Toyota Corolla LE, available through a salvage auction, could be the perfect opportunity. While it does have right-side damage and deployed airbags, it’s listed as “Run and Drives,” suggesting potential for repair or parts salvage. Read on for a detailed look at this vehicle’s specifications, potential pros and cons, and what you need to know before bidding.

Vehicle Overview

This black 2022 Toyota Corolla LE sedan boasts a 1.8L I-4 engine with an automatic transmission and front-wheel drive. It was sold at auction via IAAI (iaai.com) through Enterprise Vehicle Exchange 50 Phoenix with a “Clear” title from Texas. The odometer reads 53,620 miles, and the vehicle is listed with a grade of 38. Keep in mind the vehicle has sustained right-side damage and has deployed airbags. Keys are available.

Detailed Specifications

• Year: 2022
• Make: Toyota
• Model: Corolla LE
• VIN: JTDEPMAE1NJ223345
• Body Type: Sedan
• Color: Black
• Engine: 1.8L I-4 DOHC, VVT, 139hp
• Transmission: Automatic
• Drive Wheel: Front-Wheel Drive
• Fuel: Gasoline
• Cylinders: 4
• Odometer: 53,620 miles (Actual)
• Title: Clear (Texas)
• Damage: Right Side
• Airbags: Deployed
• Condition: Run and Drives
• Auction Site: IAAI (iaai.com)
• Lot Number: 41487345
• Seller: Enterprise Vehicle Exchange 50 Phoenix (Non-Insurance)
• Keys: Available

Auction Details

• Sale Date: February 5, 2025
• Final Bid: $6,600
• Location: Phoenix (AZ) – 2299 W Broadway Rd, 85041

Pros and Cons of Buying a Salvage 2022 Toyota Corolla LE

Buying a salvage vehicle can be a great way to save money, but it’s essential to weigh the potential benefits against the risks. Here’s a breakdown of the pros and cons specific to this 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.
• Parts Source: If repair isn’t feasible, the vehicle can be a valuable source of parts for other Corollas.
• Fuel Efficiency: Corollas are known for their excellent fuel economy, making them a cost-effective choice even after repairs.
• Reliable Powertrain: Toyota engines and transmissions are generally very reliable, even with higher mileage.

Cons:

• Right Side Damage: The extent of the right-side damage needs careful assessment to determine repair costs.
• Deployed Airbags: Replacing deployed airbags can be expensive and requires professional installation.
• Potential Hidden Damage: There may be hidden damage not visible in the provided images, such as frame damage.
• Salvage Title Restrictions: A salvage title can make it difficult to obtain insurance or financing.
• Repair Costs: The total cost of repairs, including parts and labor, may exceed the vehicle’s value after repair.

Conclusion

This 2022 Toyota Corolla LE salvage auction presents a unique opportunity for the right buyer. With its “Run and Drives” condition, it may be a viable repair project. However, potential buyers should carefully inspect the vehicle’s damage, consider the cost of repairs, and understand the implications of a salvage title before placing a bid. Thorough due diligence is crucial to making an informed decision and potentially landing a great deal on a reliable vehicle.