2T2ZK1BA7BC042926

2011 Lexus RX 350 Salvage Auction: A Potential Project Vehicle

This 2011 Lexus RX 350 is currently available through an online salvage auction. This vehicle presents an opportunity for mechanics, body shop professionals, or DIY enthusiasts looking for a project car. While it does have damage to the left and right sides, it runs and drives, and comes with a clear title. Read on for a detailed overview of its condition, specifications, and potential considerations before placing your bid.

Vehicle Overview

This Lexus RX 350, a popular luxury SUV, is powered by a 3.5L V6 engine and features an automatic transmission and front-wheel drive. With approximately 144,032 miles on the odometer, this vehicle has seen some use but could be restored to its former glory. The auction is being handled by IAAI, and the sale date is scheduled for March 19, 2025. The current bid is $4750, but the final bid was $4750, and the status is “on approval”.

Detailed Specifications

Here’s a comprehensive breakdown of the vehicle’s specifications:

• Year: 2011
• Make: Lexus
• Model: RX 350
• VIN: 2T2ZK1BA7BC042926
• Engine: 3.5L V-6 DOHC, VVT, 275hp
• Transmission: Automatic
• Drive Wheel: Front
• Fuel: Gasoline
• Cylinders: 6
• Odometer: 144,032 miles (Actual)
• Color: Black
• Body Type: Other
• Damage: Left & Right Side
• Title: Clear, Original (Texas)
• Keys Available: Yes
• Airbags: Intact
• Condition: Run and Drives
• Grade IAAI: 50
• Estimated Repair Price: $7,951
• Actual Cash Value: $10,563
• Auction Location: Wilmer, Texas, USA
• Selling Branch: Dallas (TX)
• Seller: Progressive (Insurance)

Auction Details

Lot Information

• Lot Number: 41449631
• Auction Site: IAAI (iaai.com)
• External ID: 41940205~US
• Sale Date: March 19, 2025, 14:30:00 UTC

Pros and Cons of Purchasing a Salvage 2011 Lexus RX 350

Before bidding, consider the potential advantages and disadvantages of purchasing this salvage vehicle.

Pros

• Potential Cost Savings: Salvage vehicles are typically priced significantly lower than comparable used vehicles.
• DIY Repair Opportunity: Ideal for individuals with mechanical skills or access to affordable repair services.
• Source of Parts: Can be used as a donor vehicle for parts if you already own a similar Lexus RX 350.
• Clear Title: Having a clear title simplifies the registration process after repairs.
• Run and Drives: The vehicle is reported to run and drive, indicating the engine and drivetrain may be in relatively good condition.

Cons

• Significant Damage: The “Left & Right Side” damage could be extensive and costly to repair.
• Unknown Hidden Issues: There may be underlying mechanical or structural damage not immediately apparent.
• Repair Costs: The estimated repair price of $7,951 could be higher depending on the extent of the damage and labor costs.
• Potential for Diminished Value: Even after repairs, the vehicle’s history as a salvage title may affect its resale value.
• Time and Effort: Repairing a salvage vehicle requires significant time, effort, and potentially specialized tools and equipment.

Summary

This 2011 Lexus RX 350 salvage vehicle presents a unique opportunity for the right buyer. With its V6 engine, automatic transmission, and reported “run and drives” condition, it has potential. However, the left and right side damage and estimated repair costs should be carefully considered. Thoroughly review the provided images and consider a pre-bid inspection if possible to assess the full extent of the damage before placing your bid. Good luck!