Copart sales history of Lexus

2018 Lexus IS 300 Salvage Auction – A Potential Project Car

This 2018 Lexus IS 300, recently sold at auction with a salvage title, presents an opportunity for the right buyer. While it sustained front-end damage, it’s reported to be in “run and drive” condition, offering a chance to acquire a luxury vehicle at a potentially significantly reduced price. This white Lexus IS 300, equipped with a 2.0L 4-cylinder engine and automatic transmission, could be a rewarding project for someone with the skills or resources to restore it.

Vehicle Overview

This Lexus IS 300 comes from the third generation of the IS model. It has a salvage title from South Carolina and a salvage certificate from California, indicating it has been declared a total loss by an insurance company. The odometer reads 76,943 miles, which is relatively low for a vehicle of this age. It was sold at a Copart auction in Colton, California.

Detailed Specifications

Here’s a breakdown of the key specifications for this 2018 Lexus IS 300:

• Year: 2018
• Make: Lexus
• Model: IS 300
• VIN: JTHBA1D21J5074134
• Engine: 2.0L 4-Cylinder
• Transmission: Automatic
• Drive Wheel: Rear-Wheel Drive
• Fuel: Gasoline
• Cylinders: 4
• Odometer: 76,943 miles (Actual)
• Exterior Color: White
• Title: Salvage Title (SC), Salvage Certificate (CA)
• Damage: Front End
• Keys Available: Yes
• Condition: Run and Drive
• Auction Location: Colton, CA (Copart)
• Lot Number: 71371184

Pros and Cons of Buying a Salvage Lexus IS 300

Before considering a salvage vehicle, it’s important to weigh the potential advantages and disadvantages.

Pros:

• Lower Purchase Price: Salvage vehicles are typically sold at a fraction of their pre-accident value.
• Potential for Profit: If repaired skillfully and cost-effectively, the vehicle could be resold for a profit.
• Source of Parts: Even if not fully repaired, the vehicle can be a valuable source of parts for other Lexus IS models.
• Relatively Low Mileage: The 76,943 miles indicate the engine and other components may still have significant life remaining.
• Run and Drive Condition: The fact that it runs and drives suggests the damage may be primarily cosmetic or limited to the front end.

Cons:

• Unknown Extent of Damage: While the main damage is listed as “Front End”, there may be hidden damage to the frame, suspension, or other systems.
• Salvage Title Restrictions: A salvage title can make it difficult to obtain insurance or financing.
• Potential Repair Costs: Repairing a vehicle with front-end damage can be expensive, requiring bodywork, parts replacement, and potentially mechanical repairs.
• Depreciation: A salvage title will significantly reduce the vehicle’s resale value, even after repairs.
• Possible Hidden Issues: Lexus IS models of this year can sometimes experience issues with the infotainment system or minor electrical glitches. A thorough inspection is recommended.

Auction Details

This 2018 Lexus IS 300 was sold on November 27, 2024, at a Copart auction. The final bid is not listed, but the last bid was $4550. The vehicle is located in Colton, California. The seller was likely an insurance company, as indicated by the Toyota logo associated with the seller information.

Summary

This 2018 Lexus IS 300 represents a salvage vehicle opportunity for those willing to take on a project. With front-end damage and a salvage title, it requires careful evaluation and a realistic assessment of repair costs. However, for a skilled mechanic or someone seeking a parts car, this Lexus IS 300 could be a worthwhile investment. Remember to thoroughly inspect the vehicle and research the costs associated with repairing a vehicle with a salvage title before making a purchase decision.