• Mar 9th 2009 at 10:58AM
  • 31

Click above for a high-res gallery of the 2008 Saleen S302 Extreme

It looks like many of Saleen's customers may be out of luck when it comes to the warranties on their vehicles. MJ Acquisitions -- the firm that recently purchased assets from Saleen, Inc. including the rights to the S and Racecraft lines as well as Saleen's aftermarket parts division -- sent a letter to dealers informing them that they're not liable for warranty claims and that responsibility would fall on the former owners of the brand. However, Saleen, Inc. announced it has completely ceased operations and will no longer honor warranty claims, leaving it to owners to pay for any maintenance on their vehicles regardless of when it was purchased. This also includes any vehicles languishing on dealers' lots, so any unsold 2008 or 2009 Saleen or Racecraft models will essentially come without a warranty. The small amount of good news is the MJ Acquisitions will continue to provide parts to dealers, and any parts purchased after February 2, 2009 will come with a 12 month/12,000 mile warranty. Thanks for the tip, Chris!

[Source: soec.org]

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    • 1 Second Ago
      • 6 Years Ago
      Wouldn't they be legally responsible for the warranties and debts of the company they purchased?
        • 6 Years Ago
        Depends on the sales contract, if the seller assumes the liability for future warranty claims then that would inflate the value of the company, which would be in their interests. The risk for the buyer is a PR one if they choose not assume the warranty and the seller completely ceases operations.

        Depending on the state the vehicle owners may have some recourse.
      • 6 Years Ago
      This is music to Jack Roush's ears, his cars just became more desirable.
      • 6 Years Ago
      Er, they can't do that. Buying a company means honoring ALL contracts, debts, etc.

      Sorry, it won't be that easy, and I'm waiting for the first lawsuit to come. When the paperwork was signed for the car, it included that warranty. If the paperwork was provided by Ford, Ford is responsible. Otherwise the contract for selling the car is voided and the dealership will have to buy the car back.

      This will be good. *grabs popcorn*
        • 6 Years Ago
        Generally agree with CW.

        It seems that part of the agreement was that Saleen would continue to be responsible for the warranties. If that's the case, MJ is pretty much off the hook.

        Saleen has ceased operations. They'll try that BS to get out of warranty claims. However, when they sold their operations, they probably did it knowing they were going to fold up shop. They can't sell their assets, keep their liabilities, and then just walk away from their liabilities. Line up the lawyers!

        An afterthought, MJ could even sue Saleen for besmirching the name by not honoring liabilities.
        • 6 Years Ago
        The only problem here is that even if Saleen Inc. is still on the hook for the warranties it looks as though it's going to be nothing more than an empty shell with no assets to reach. Can't get blood from a stone.
        • 6 Years Ago
        Er, yes they can.

        According to the post MJ Acquisitions purchased the *assets* of the company, not the company itself. Big difference when it comes to responsibility for the liabilities. Companies do it all the time with acquisitions. Saleen on the other hand should have problems if it didn't sell itself lock, stock & barrell and tries to disclaim the warranties.
      • 6 Years Ago
      What are we in third grade?!

      Customers: "But you promised!"

      New Ownership: "Nu-uh, I had my fingers crossed."
      • 6 Years Ago
      good time to get a Saleen brand new on the thrift.

      ...just don't drive it too much.
      • 6 Years Ago
      sniff sniff..

      I smell a lawsuit.
      • 6 Years Ago
      man these cars just became more collectibles then they were b4....
      • 6 Years Ago
      The S302E and S281E before it are nice cars. I had the pleasure of driving a 06 S281E all of last summer. With that said these cars only had a 12 month/12,000 mile warranty to begin with. What sucks is the S302/S281SC and 3-valve owners just watched their 3 year/36,000 mile warranties go out the window. Good luck to any dealers who still have new product on their lots. Hopefully they can workout some kind of aftermarket warranty support.
      • 6 Years Ago
      saleen owners = pwnd
      • 6 Years Ago
      I wonder what they'll take on an S281E with no warranty?

      I don't particularly want a Mustang, but there's a point at which I'll bite just on bargain basement value.
      • 6 Years Ago
      They are prbly just hoping most people will bend over and take it instead of trying to fight 'em over it. Anyone wanting to sue to get their warranty back would prbly win though...
      • 6 Years Ago
      man that car looks like nothing but a bunch of add-on parts...gesh
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