JTHDA1D21P5125410

2023 Lexus IS Salvage Auction: A Potential Opportunity

This 2023 Lexus IS, VIN JTHDA1D21P5125410, is currently listed for auction at IAAI (Insurance Auto Auctions). Showing right rear damage, this vehicle presents a unique opportunity for mechanics, body shop professionals, or anyone looking for a project car. While the damage needs assessment, the potential savings on a late-model Lexus IS could be significant. This vehicle was listed for $16,150.

Vehicle Overview

This Lexus IS is a 4-door sedan with an automatic transmission and a 2.0L Turbo I4 DOHC 16V Dual engine. The vehicle is located in Los Angeles, California, and was offered by State Farm Group Insurance. While the color is unknown, the vehicle runs on gasoline and features rear-wheel drive. The auction is set to close around 1685637000.

Damage Assessment

The primary damage is reported as “Right Rear.” Potential buyers should carefully examine the provided images to assess the extent of the damage. Consider factors such as frame damage, suspension issues, and the cost of replacement parts. A thorough inspection, if possible, is highly recommended before bidding.

Detailed Specifications

Here’s a breakdown of the key specifications for this 2023 Lexus IS:

• Year: 2023
• Make: Lexus
• Model: IS
• VIN: JTHDA1D21P5125410
• Auction: IAAI
• Location: Los Angeles (CA), United States
• Lot Number: 36624227
• Primary Damage: Right Rear
• Odometer: Not Specified
• Engine: 2.0L Turbo I4 DOHC 16V Dual
• Transmission: Automatic Transmission
• Fuel Type: Gasoline
• Drive Type: Rear Wheel Drive
• Body Style: Sedan 4 Dr.
• Color: Unknown
• Seller: State Farm Group Insurance
• Key: Yes
• Secondary Damage: –

Pros and Cons of Buying a Salvage Lexus IS

Before you bid, consider these potential pros and cons associated with purchasing a salvage vehicle, specifically a 2023 Lexus IS:

Pros

• Significant Cost Savings: Salvage vehicles are typically sold at a fraction of their retail value.
• Potential for Repair and Resale: With the right repairs, the vehicle could be resold for a profit.
• Source of Parts: The vehicle can be a valuable source of parts for other Lexus IS models.
• Modern Features: Being a 2023 model, it likely includes modern technology and safety features.
• Relatively New Vehicle: The vehicle is only a year old, so it may have low mileage and less wear and tear on components not directly affected by the damage.

Cons

• Unknown Extent of Damage: The full extent of the damage may not be immediately apparent.
• Potential for Hidden Issues: There may be hidden mechanical or electrical problems.
• Difficulty Obtaining Insurance: Insuring a salvage vehicle can be challenging and expensive.
• Resale Value: The resale value of a repaired salvage vehicle will be lower than a comparable vehicle with a clean title.
• Repair Costs: Repair costs can quickly escalate, exceeding the initial savings.

Conclusion

This 2023 Lexus IS salvage auction represents a potential opportunity for those willing to take on a repair project. Thoroughly assess the damage, factor in potential repair costs, and understand the implications of a salvage title before placing your bid. Good luck!