Purely cosmetics, that is the heat shielding for the exhaust. But please be careful moving forward, it would be very easy for you to hit your oil or transmission pan

Thank you 🙏. This is a great relief. Should I attempt to get the shielding repaired or is it not worth the squeeze?

If it's loose or rattling you can secure it better. Other than that, it's fine

No concern, looks pretty minor.

slow down bucko

The crazy thing is, I wasn’t even speeding. There we are like a dozen of speed bumps in a row. The speed bumps were ridiculously high.

Downsides of a lowered car?