Saleen Warranties Dissolve as Saleen Inc. Ceases Operations

AK370Z · 03-24-2009, 10:31 PM

MJ Acquisitions, the new owner of assets held by the former Saleen Inc., issued a letter to authorized dealers in which the company stated that it will not be responsible for warranties currently held by owners of Saleen vehicles, essentially invalidating every existing Saleen vehicle warranty -- even on vehicles still sitting on dealer lots.

Under the buyout terms, Saleen Inc. is responsible to adhere to warranty agreements issued before February 2, 2009. But with the former automaker having recently announced that it has ceased all operations and will be unable to honor warranty service, owners appear to be on their own should they require any in-warranty repairs to their Saleen vehicles. In addition to current owners not having a warranty, the remaining MY2008 and 2009 cars sitting on dealer lots are also subject to zero warranty coverage.

Under its buyout terms, MJ Acquisitions will sell dealers parts at a discount in order for them to continue servicing owners' vehicles. All parts purchased from them on or after February 2, 2009 will carry a 12 month, 12,000 mile warranty as well.

MJ Acquisitions finalized their takeover in late January and included Saleen's supercharger and street vehicle businesses, as well as sister brand Racecraft in their purchase. The S7 supercar, S5 Raptor and painting operations weren't included in the sale.

The warranty notification already has Saleen Owners and Enthusiasts Club forum users who own Saleen vehicles threatening class action lawsuits, so we expect that we haven't heard the end of this issue.

Source: Saleen Warranties Dissolve as Saleen Inc. Ceases Operations | Motortrend News & Auto Blog - Wide Open Throttle

Saleen Warranties Dissolve As Former Owner Ceases Operations - The Saleen Forums at soec.org

frost · 03-24-2009, 10:36 PM

Geeze, those things were already way overpriced, now you don't even get the warranty.

BanningZ · 03-24-2009, 11:32 PM

Wow those are gonna start going for cheap. Saleen Mustangs all around!

ArtVandaleigh · 03-26-2009, 08:30 AM

Wow thats pretty sad, not that I'm a mustang fan or anything but I'd be one enraged owner.

theDreamer · 03-26-2009, 09:51 AM

Wow, that sucks.

SoCal 370Z · 03-26-2009, 10:11 AM

The photograph was in front of Saleen's now defunct Irvine Spectrum store. It was a very nice store to browse while the Mrs. was about doing her shopping. Some of the Saleen models were done well.

M.Bonanni · 03-26-2009, 09:03 PM

Ouch that sucks. My dad has a Saleen Parnelli Jones Edition Mustang. He isn't going to be happy with this news...

snaggeltooth · 03-27-2009, 10:45 AM

are these cars that need a lot of work done to them.. I think maybe the Extreme might or the S7s ..but the regular Saleen ???

MC · 04-03-2009, 12:47 PM

Stand Up Move: Steve Saleen steps in to honor warrantees from his former company

Nikon FM · 04-03-2009, 02:53 PM

^ Brilliant move

frost · 04-03-2009, 07:56 PM

Quote:

Originally Posted by Nikon FM

^ Brilliant move

Yeah, if he ever wants back in the biz, he can't afford a bad reputation.

03-24-2009, 10:31 PM	#1 (permalink)
AK370Z Administrator Join Date: Sep 2008 Location: NJ Posts: 9,930 Drives: 09 370Z MB Sports M6 Rep Power: 10	Saleen Warranties Dissolve as Saleen Inc. Ceases Operations MJ Acquisitions, the new owner of assets held by the former Saleen Inc., issued a letter to authorized dealers in which the company stated that it will not be responsible for warranties currently held by owners of Saleen vehicles, essentially invalidating every existing Saleen vehicle warranty -- even on vehicles still sitting on dealer lots. Under the buyout terms, Saleen Inc. is responsible to adhere to warranty agreements issued before February 2, 2009. But with the former automaker having recently announced that it has ceased all operations and will be unable to honor warranty service, owners appear to be on their own should they require any in-warranty repairs to their Saleen vehicles. In addition to current owners not having a warranty, the remaining MY2008 and 2009 cars sitting on dealer lots are also subject to zero warranty coverage. Under its buyout terms, MJ Acquisitions will sell dealers parts at a discount in order for them to continue servicing owners' vehicles. All parts purchased from them on or after February 2, 2009 will carry a 12 month, 12,000 mile warranty as well. MJ Acquisitions finalized their takeover in late January and included Saleen's supercharger and street vehicle businesses, as well as sister brand Racecraft in their purchase. The S7 supercar, S5 Raptor and painting operations weren't included in the sale. The warranty notification already has Saleen Owners and Enthusiasts Club forum users who own Saleen vehicles threatening class action lawsuits, so we expect that we haven't heard the end of this issue. Source: Saleen Warranties Dissolve as Saleen Inc. Ceases Operations \| Motortrend News & Auto Blog - Wide Open Throttle Saleen Warranties Dissolve As Former Owner Ceases Operations - The Saleen Forums at soec.org __________________ The370Z Signature Pictures ll Want to rock our forum decals on your car? Then click here! ll How to Embed YouTube Videos In a Post STOP! (Hammertime) ll Become a Premium Member Click HERE ll F.A.Q. Are You a Nissan Dealer? Click Here to Become A "Supporting Dealer" and Start Listing Your 370Zs In Our Inventory Section My Monterey Blue Z ll My Exhaust --> My Intake --> G3 Nissan's Official Response Regarding Oil Temp Issue: CLICK HERE Need a Set of Cheap Winter wheels /Tires? Then Visit The Banner Link Below and Place Your Order. You'll Help Keep The370Z Alive.

03-24-2009, 11:32 PM	#3 (permalink)
BanningZ A True Z Fanatic Join Date: Nov 2008 Location: nowhere Posts: 5,478 Drives: 06' Nismo Frontier Rep Power: 29	Wow those are gonna start going for cheap. Saleen Mustangs all around! __________________ Become a Premium Member: Click HERE MB 06' Nismo VQ40DE

03-26-2009, 09:51 AM	#5 (permalink)
theDreamer A True Z Fanatic Join Date: Feb 2009 Location: Texas Posts: 30,879 Drives: 370z Rep Power: 4210	Wow, that sucks. __________________ theDreamer's Z // Fast Intentions // Uprev // GTM // HKS // TEIN theDreamer's Silvia // URAS // GREDDY Houston Zs // Facebook // Twitter // Instagram

03-26-2009, 10:11 AM	#6 (permalink)
SoCal 370Z A True Z Fanatic Join Date: Feb 2009 Location: US of A Posts: 2,842 Drives: Answers Rep Power: 33	The photograph was in front of Saleen's now defunct Irvine Spectrum store. It was a very nice store to browse while the Mrs. was about doing her shopping. Some of the Saleen models were done well. __________________ ( Click to show/hide ) Why I NEVER say NO to the Panda Lou Fusz!!!

03-26-2009, 09:03 PM	#7 (permalink)
M.Bonanni The370Z.com Sponsor Join Date: Nov 2008 Location: Las Vegas Posts: 2,575 Drives: Fast Rep Power: 1320	Ouch that sucks. My dad has a Saleen Parnelli Jones Edition Mustang. He isn't going to be happy with this news... __________________ MikeBonanni.com Twitter: http://www.twitter.com/MikeBonanni Facebook: http://www.facebook.com/MBonanni36 Function > Form

03-24-2009, 10:36 PM	#2 (permalink)
frost Retired admin Join Date: Dec 2008 Location: Winterfell Posts: 106,613 Drives: Your Wife Crazy Rep Power: 0	Geeze, those things were already way overpriced, now you don't even get the warranty.

03-26-2009, 08:30 AM	#4 (permalink)
ArtVandaleigh Base Member Join Date: Jan 2009 Location: NE Ohio Posts: 227 Drives: 09 PW 370Z Rep Power: 675	Wow thats pretty sad, not that I'm a mustang fan or anything but I'd be one enraged owner.

03-27-2009, 10:45 AM	#8 (permalink)
snaggeltooth Base Member Join Date: Feb 2009 Location: Alabama Posts: 115 Drives: 05 Black GTO Rep Power: 16	are these cars that need a lot of work done to them.. I think maybe the Extreme might or the S7s ..but the regular Saleen ???

04-03-2009, 12:47 PM	#9 (permalink)
MC Moderator Join Date: Oct 2008 Location: NC Posts: 3,238 Drives: 2015 GTR NISMO Rep Power: 24	Stand Up Move: Steve Saleen steps in to honor warrantees from his former company

04-03-2009, 02:53 PM	#10 (permalink)
Nikon FM Track Member Join Date: Jan 2009 Location: Snoqualmie WA Posts: 973 Drives: 03 996TT Porsche Rep Power: 606	^ Brilliant move __________________ Buddy Revell: "One man's sooner is another man's later"