Go Back   MustangForums.com > Ford Mustang Tech > Saleen, Roush and Boss Mustangs
Sign in using an external account
Register Forgot Password?

Saleen, Roush and Boss Mustangs Discussions on Saleen, Roush, and late model Shinoda Boss Models within. SVT models, check the 4.6L section.

Welcome to Mustang Forums!
Welcome to Mustang Forums.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

Thread Tools Search this Thread
Old 06-13-2007, 10:35 PM   #1
Join Date: Jun 2007
Posts: 3
Default Should I buy a 97' Saleen S281 (#74) with 41K?

Hi guys,

I'm new to the forum and I would like your advice. My buddy is selling his 97' Saleen S281 (non-supercharged). It has been basically sitting in a garage for 10 years since he only has 41K miles. Here's thething, he's dropped almost 15K into the car with an 11K custom stereo and 4K in mods to the suspension, intake, and exhaust. He has the receipts for all these upgrades but he doesn't have all OEM parts he replaced. I really don't know how much this car is worth but he told me he would sell it to me for around 15K since I'm his friend. I went to NADA and it fell in the average area. I think it's a good deal since it's around 10-12K less than what I was looking at (2001-2003 boxsters). Do the upgrades decrease the resell value and are the S281 (v2) non-supercharged Saleens even worth collecting? It would be a weekend car for me as well. Here's a pic (from camera phone). The paint is original and flawess in my opinion.

This ad is not displayed to registered or logged-in members.
Register your free account today and become a member on Mustang Forums!
chig is offline   Reply With Quote
Old 06-13-2007, 11:12 PM   #2
Jazzer The Cat
Retired Moderator
Jazzer The Cat's Avatar
Join Date: Jun 2006
Vehicle: '02 s281 #0014
Location: SF Bay Area
Posts: 9,233
Default RE: Should I buy a 97' Saleen S281 (#74) with 41K?

Forget the re-sale value, forget what others are collecting, forget what ANYONE else thinks about this car. You are the only one who has to care. As far as value, base it on what a stock GT Mustang is worth and go from there. You have a MAJOR advantage over buying used from anywhere else. You already know where the car has been! You should already know if it has been beat on. No doubt he has told you stories of how it drives how fast it is and such BEFORE he even considered selling it.

I would go with my gut on this (as well as almost anything I buy) It already has a nice stereo (this is a premium in my book ) Sounds like some other nice mods that would be above and beyond the purchase of any other car you buy.

I love this body style (saw a sweeeeeeet S351 at car show and was awesome) and paint is excellent.



The Jazzer
Jazzer The Cat is offline   Reply With Quote
Old 06-14-2007, 12:46 AM   #3
Retired Moderator
sowaxeman's Avatar
Join Date: Mar 2005
Vehicle: 82 GT / 85 GT 'vert / 05 S-281
Location: Indianapolis, IN
Posts: 4,097
Default RE: Should I buy a 97' Saleen S281 (#74) with 41K?

If Nada says 15k is average, and you know this car to be well maintained and in above average condition then it sounds like a no brainer to me. Is your friend the original owner (you say its a 1997 and its been in a garage for 10 years, so I would assume so)? If not, have you confirmed this car is REAL via the VIN number and the Saleen serial number?

If you are buying it as an investment/collectible then you need to make sure you get EVERYTHING that came with the car from Saleen when it was new (window sticker, letter of authenticity, Saleen documents and all other periphrials) otherwise you need to go on the hunt to get them. You also need to get all the parts back (even if you keep the car as is and have them in a box) that he took off....Saleen Racecraft Suspension and the original intake would be the biggest (exhaust isn't quite as valuable). Collectors WANT that stuff, or it is considered just a driver - which there is nothing wrong with.

If you are buying it as a nice weekend warrior car and not really as a collectible, then $15k seems like a very nice price for a fun car

But as Jazzer said - if this car is what YOU want (and it appears to be a good deal) then by gosh go buy it - and a better camera [8D]
Jason Smith

1982 GT Med. Red - 13,000 Mile Survivor
1985 GT T-topper - 15,000 Mile Survivor
1988 #400 Saleen Coupe "Mean Machine" (Legal Guardian
2005 S-281 #92 Mineral Grey - 8400 Miles & Counting
sowaxeman is offline   Reply With Quote
Old 06-14-2007, 01:10 AM   #4
Join Date: Jun 2007
Posts: 3
Default RE: Should I buy a 97' Saleen S281 (#74) with 41K?

He is the original owner. I was with him back in the day (yeah, he's an old friend) whenhe bought it. He was going to trade it in but they weren'tgoing to offer anything for the car, so it's garaged.

I don't think he has any of the original parts given that the trunk is completely customed-out (i.e. the trunk is just a rack for the stereo system...even the spare tireis gone and a custom 15in kicker is in it's place) I'm sure he has the paper work but I'll check with him. He did send me a interior shot of the head units which I'll attach in this reply. I'll try to get more pics from him. Please, if any of you other members would like to put your 2cents, I would appreciate it. Thanks.

chig is offline   Reply With Quote
Old 06-14-2007, 04:17 AM   #5
Say When
3rd Gear Member
Join Date: Feb 2005
Posts: 821
Default RE: Should I buy a 97' Saleen S281 (#74) with 41K?


Just from that one single picture of the dash and head units that car is super clean. I'd say it was garaged for sure. You rarely see a console plaque that's perfect like that. I can't imagine too much that would be difficult to replace if youanted to bring it back stock Saleen. If you like it and want to enjoy it then buy it. Just like Jason said....... there's a lot of value in knowing the entire history of the car. At the moment the sn95 94-98 S281s are the least desireable Saleen to collectors but that will change. Just like 3 or 4 years ago you couldn't give away a fox body Saleen even if it was perfect. Now a really clean fox body will get 3 times the amount a well driven fox body Saleen will. That red car looks really clean.
Say When is offline   Reply With Quote
Old 06-16-2007, 05:14 AM   #6
S281 E
5th Gear Member
Join Date: Mar 2006
Vehicle: 2006 Saleen S281E
Posts: 4,469
Default RE: Should I buy a 97' Saleen S281 (#74) with 41K?

The car does look pretty clean and its always a plus when you know the history of the car. If you really like it buy it. Personally I would do some shopping around to see what I could get at that price.
Twincharged.....the only way to fly.
S281 E is offline   Reply With Quote
Old 06-16-2007, 11:50 AM   #7
2nd Gear Member
Join Date: Oct 2006
Location: Salisbury, MD, USA
Posts: 173
Default RE: Should I buy a 97' Saleen S281 (#74) with 41K?

Forget collector car/investment value; unless you are willing to wait 20 years or so. Remember what your friend was offered, for his car, as a trade.
Make your decision based on how much you like the car. It certainly looks, and sounds, very nice. [8D]
2008 Mustang GT Bullitt Coupe, #2678, dhg
walc is offline   Reply With Quote
Old 06-16-2007, 12:01 PM   #8
2nd Gear Member
Join Date: Jul 2006
Posts: 326
Default RE: Should I buy a 97' Saleen S281 (#74) with 41K?

When I saw the subject line, I thought you were asking if you should buy it for $41K

I wish I had $15K laying around -- I'd call him up and beat you to it.
[ul][*] 1988 White 5.0 GT 'Vert - I miss this car! 130K+ - sold[*] 1998 Black GT 'Vert - sold[*] 2001 Red GT 'Vert - sold[*] 2006 Saleen S281 Satin Silver Speedster - my current obsession!
ncponygirl is offline   Reply With Quote
Old 06-17-2007, 05:31 AM   #9
2nd Gear Member
Join Date: Jun 2007
Posts: 220
Default RE: Should I buy a 97' Saleen S281 (#74) with 41K?

yes. I would buy it. *IF* I had 15K
Silly camaro, winning is for mustangs

1994 Mustang Gt Vert *Stock*
Mods to come.
Air flow silencer removed.....Done
K&N filter.....Done
3.73 Gears....Pending
bmennen07 is offline   Reply With Quote
Old 06-17-2007, 03:31 PM   #10
5th Gear Member
Join Date: May 2005
Posts: 2,118
Default RE: Should I buy a 97' Saleen S281 (#74) with 41K?

Thats a great deal for a low mile and clean car. Nobody has been able to retire by selling a used Saleen Mustang, so don't even sweat the small stuff.
The 2010 Camaro is slow.
PolkThug is offline   Reply With Quote
Old 06-17-2007, 03:31 PM
Ford Mustang

Paid Advertisement


1997, 97, 97saleen, buy, imglocalupfiles7182765445f8ee83741e0930f9a82c3517a 05jpgimg, mustang, nada, s281, sale, saleen, saleens281, specs, speedster, tires, vlaue

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump


Featured Sponsors
Vendor Directory
New Sponsors
All times are GMT -5. The time now is 10:39 PM.

© Internet Brands, Inc.

This forum is owned and operated by Internet Brands, Inc., a Delaware corporation. It is not authorized or endorsed by the Ford Motor Company and is not affiliated with the Ford Motor Company or its related companies in any way. Ford® is a registered trademark of the Ford Motor Company
Emails Backup