1GCVKPEC7GZ302516 - 2016 Chevrolet SILVERADO
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Vehicle Details
Lot Number
#60515645
VIN
1GCVKPEC7GZ302516
Country
USA
Title
OH - SALVAGE TITLE
Primary Damage
FRONT END
Secondary Damage
N/A
Odometer
110812 mi / actual
Condition
RUNS AND DRIVES
Auction Date
2025-10-27
Est Retail Value
$17250
Est Repair Cost
$17559
Body Type
ALL Models
Loss
-
Exterior Color
BLACK
AI Analysis Result
FINAL BID PRICE:10000
ESTIMATED PROFIT:-10309
RISK LEVEL:Medium
EXPLANATION:The vehicle is a 2016 Chevrolet Silverado, which is a popular and reliable model. However, it has significant front-end damage and a salvage title, which means it was deemed a total loss by an insurance company. The estimated repair cost is $17,559, which is higher than the estimated retail value of $17,250. This suggests that the vehicle may not be profitable to repair and resell. Therefore, a final bid price of $10,000 is suggested, which is significantly lower than the retail value to account for the high repair costs and risk associated with a salvage title. The risk level is considered medium due to the vehicle's condition and the potential for unforeseen repair costs. The estimated profit is calculated as the retail price minus the sum of the final bid price and repair cost, which results in a negative value of -$10,309, indicating a loss. Therefore, this vehicle may not be a profitable investment.
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Technical Specifications
Engine
5.3L 8
Transmission
AUTOMATIC
Fuel Type
GAS
Drive
4x4 w/Rear Wheel Drv