'New' TRX at Copart

I saw this at Copart today. I posted it for a couple of reasons. First, I thought it was interesting. And second, it is a good example of the many, many nuances around 'salvage' vehicles. There is absolutely no one-size-fits-all when it comes to salvage title designations. This truck has about 300 miles. Still has the dealership inventory tag on it and the dealer info in the glove box. It appears to have never been titled. Other than the damage in the photo, the truck is immaculate. It starts right up and runs and drives. The damage is clearly well below any salvage thresh hold requirements. Whether it was a test drive gone wrong or a theft, I don't know. But it is obvious that the damage in and of itself was NOT the reason for the salvage designation. It likely had more to do with some potential down stream liabilities.

Anybody care to guess what the final gavel price will be when this one comes up? It will probably be awhile since it just landed at Copart So. Ill. It apparently came from a Springfield TN. dealership.

Can't sell it as new so the price goes way down making the insurance company total it.

I'm betting the sale price on that one will be way up there.
The cherry has been popped, it isn't a virgin anymore. Someone with money is going to buy it, replace the damaged parts, then that person can just have fun with it. No need to baby it, Save a few grand on the buy, including the replacement parts, and have a bargain real TRX you don't have to be too concerned about the resale value of.

If I was in the scope of having that much play money, I sure would be watching this one.

In some circumstances, if they repaired it, 'diminished value' could come into play and the dealership would be made 'whole' and the vehicle would be able to retain warranty. A better deal all the way around. But this way, there is no factory warranty which, along with the branded title, would have a much more significant impact on current and future value than a simple repair.

We don't have the full story, so there is plenty of room for conjecture. My money is on a theft recovery. I have this one on my 'Copart watch list'. I bet it will bring $75k when it comes up. Maybe more.

I would buy it and drive it as is. I know I would probably dent it up anyway... The pressure is off and you don't have to have a panic attack after the first door ding.

My Boss's sons truck was stolen awhile back. It was a 2018 F 150. They found a key for it in an unlocked vehicle in the driveway and then came back and got it. It was not found for six months. When it was found it had only been driven 60 miles and was totally unharmed. My boss didn't find out it was recovered until Copart called him about it looking for a key if he had one. We got with a customer of ours that is a used car dealer and were going to try and buy it from copart and put it in the fleet at work. It sold for stupid money, really stupid money if you consider the copart fees. I bet this truck brings big money and goes overseas.

Do you have the link?

Any new vehicle - be it a car, truck or trailer - damaged prior to sale is usually taken over by the insurer (not necessarily written off). One reason being that if damaged by the carrier or transporter, its their insurance who has to cover it, not the dealership. If the dealership accepted the damaged vehicle then they can't file a claim with their own insurer and would be on the hook for both the repair AND the loss of revenue from having to sell it as a repaired vehicle.

I'm guessing this was damaged in a test drive or whatever. The dealer makes the claim and lets it go to auction. The auction price will be to high for most people so the dealership will buy it back at a bargain price and make a killing on it after they repair it.

So no surprise that its at a Copart lot. I have a friend who loves those deals !!

The insurance company is the listed seller. Not the dealer.

www.copart.com/lot/81761993/2023-ram-1500-trx-il-southern-illinois

Ive been watching Coparts’ trx’s for months
Looking for one with cosmetic damage on bed and front end .
I purchased oem front end and bed complete nuts to bolts
Headlights to tailites , but no cab.

Minty nice -
But trx prices even on copart are stupid ..

Was gonna clone a trx
But a different hellcat project came my way ….

Anyone need an expensive oem kit ?
Can’t believe the box costs 12k at dealer ..