2001 Ford

Mustang Saleen S281 Convertible $35,000

Figure based on a stock vehicle with OH rates with $100/$300k Liability/UM/UIM limits. Rates vary depending on the state, coverage selected and other factors. Policies underwritten by Essentia Insurance Company. Some coverage and discounts not available in all states. Call 877-922-9701 to speak with a representative or apply online. $975 /YEAR insurance


For consignment, a high-end Mustang for enthusiasts who were offered only one model this year from the Saleen Studios --- the S-281 packing a racy 365 horsepower supercharged Ford V8 and numbered #262 Available as a coupe or a convertible, this convertible is only one of 223 produced this year. Sporting an exterior in Mineral Gray which is a smoky warm gray with a black leather interior. All looking very racy with managing black wheels.

With air dams, side rocker panel flares, a molded front spoiler, rear quarter air vents and a rear spoiler this car is all bathed in Mineral gray and shows in black accenting in lieu of the chrome. Also contrasting the gray is a pristine condition black canvas convertible top which folds neatly into the rear trunk area covered with a solid Mineral gray plastic tonneau cover with dual seat bump ups and a black styleline roll bar. For the rear more integrated aero bumper is body matching and dual exhaust peeking out from the bottom through the bumpers. A look on the side profile and a sleek swept back windshield and the smaller look for the rear trunk area with the top down, and this is a true sports car, only resembling the original look of the Mustang, but distinctly Saleen design, which is a separate company from the Ford blue oval. More racy for the rocker which has a black decal that gives us a fade for that in motion look. Grounding the car are black 18 inch wheels and our consignor states the original rims will come with the car. These original rims are in fair condition.

A nice mixture of molded plastic, carpet and smooth integrated door actuators and power button panels, the door panels sweep inward and guide you to the seats. These are single high backed buckets wrapped in Charcoal Black leather with a stitched embroidered galloping horse logo in each back of the seats. Some folding and slight wear in the leather adds character and shows the car was actually used. A 2+2 setup of a bucket styled bench is in the back, and becomes unusable when the top is down and the tonneau is installed. A central console houses a glovebox, some cup holders and the shift lever, then rises to meet the dash front which has dual eyebrow curved visors for the dash top. These frame the white faced instrument panel on the drivers side, and the glovebox on the passengers side. In the center of the dash is a mounted bump up with boost pressure and intercooler H20 temp for the supercharger. Also seen in the center is also the heater controls and a Mach 460 AM/FM/6 CD radio. Charcoal carpet floods the floors and is very clean.

For its healthy heart, this car now has courtesy Steve Saleen a supercharged 4.6 liter V8 that will produce 365hp. It has been dyno proven to 334hp at the rear tires. The supercharger works with EFI to feed the mill and throws power rearward to a Tremec 3650 5 speed manual transmission. The engine bay is very nicely detailed, and shows no corrosion on any aluminum parts, including the top supercharger unit. For the pumpkin we note a Ford 8.8-inch 3.55 TracLok to spin the rear tires and wheels.

Nice and clean and surface rust on some usual suspects like the driveshaft, rear pumpkin, and on some suspension parts, but nothing remarkable. Floor pans are rust free and are like new. Suspension includes independent coil springs for the front and a 4 link system with coil springs for the back. Race Craft struts, shocks, coil springs and front sway bar add up to rail like handling. Power disc brakes all around help slow the car for the ultimate cornering.

Our resident muscle car man took the wheel of this test drive, fired the car right up and off at the test track and reported that acceleration was exhilarating, braking was bias free, and the suspension lived up to its reputation with great handling. All functions were working well, and the car is a great cruiser too, when you are not muscling it around the back roads. The convertible is a real plus for that open air feeling and the sound of the engine is just fab with the top down. The battery light occasionally came on, but it has tested fine so???

A fairly rare example from the new millennium, beefed up by the Saleen Company with supercharging, EFI and some snappy handling add ons. The convertible gives the car a great look when the top is down and the tonneau cover is showing off those dual bumps on the back aligning with the seats. Black accenting helps too, and all the venting and extra cowlings give the car a really racy look, and aid in handling when you are pushing it, and it's tough to resist doing so!

F-Ford Motor Company
A-Passenger Car
F-Manual Belts, Front Airbags
P45-Mustang GT Convertible
X-4.6 Liter SOHC V8
8-Check Digit
F-Dearborn, MI Assy Plant
145648-Sequential Unit Number

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Sub Model
Saleen S281 Convertible


Engine Size
4.6 Liter Supercharged V8
Fuel Specification
92/93 Octane
Engine Type
Transmission Type
5 Speed Manual


Body Color
Mineral Gray
Body Style
Paint Type


Interior Color
Charcoal Black
Seating Type
Buckets With Console
Seat Material
Shifter Type

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