Talk about depreciation.
A Cadillac presidential limousine first used by the Clinton White House was sold at the Mecum Auctions event in Kissimmee, Fla., on Saturday for $264,000.
The car is the last presidential limousine that was released to the public after it was retired from U.S. Secret Service use and the only fully armored one to ever be sold.
It is also one of the last that were based on a production car. Three were built on Fleetwood Brougham chassis, which makes sense as it was the last Cadillac sedan that featured stout body-on-frame construction. The estimated price for the project was $6 million for the three vehicles.
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The vehicle is powered by a 454-cubic-inch V8 that was updated by NASCAR engine builder Jack Roush and the vehicle only has 627 miles on its odometer. Custom features include a three-inch roof lift, three-inch thick bulletproof glass, lights, sirens, run-flat tires and on-board oxygen and fire suppression systems.
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The next generation limousine delivered to the Bush White House in 2001 wore the body of a Cadillac DeVille, but is understood to have been built on a truck chassis like the iconic “Beast” that debuted at Barack Obama’s inauguration in 2009.
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President-elect Donald Trump will be inheriting the second-generation Beast that arrived at the White House a couple of years later than originally planned in 2018 and was also used by the Biden administration. It is not known when a new presidential limousine is scheduled to be commissioned or built.