Specialty cars like Saleen sell for a grand price, but once they hit a certain age or mileage, they become the same value of a regular Mustang. In all practicality, they are special at first because of the high price they go for, but in the end they are worth nothing more than a regular car.
So, if you took out a loan on the vehicle while it was still under the "specialty" label, and then you have it for a couple of years and take it beyond the 100k mile mark, then you just got yourself into a bind.
My own advice on purchasing a Saleen vehicle or any specialty vehicle similar to it would be not to buy one. They are a hassle and they depreciate like crazy. Unless you are a collector, owning a specialty vehicle like the Saleen is not worth the hassle nor the cost.
Tuesday, May 13, 2008
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