20k E60 M5 depreciation.
Discussion
Chaps,
Ive been after an E60 for a while but dont want to sell my M3.
Ive been watching E60 M5 prices plummet for the past 2 years.
Rekon if i bought a 15-20k M5 and kept it in good condition it would hold its value somewhat? It seems the low end M5s have plateaued around the £15k mark.Just to enjoy for 6months to a year.
I suppose the big problem is no warranty over 60k miles will have the biggest impact on values given the clutch/gearbox issues?
Cheers
Chris
Ive been after an E60 for a while but dont want to sell my M3.
Ive been watching E60 M5 prices plummet for the past 2 years.
Rekon if i bought a 15-20k M5 and kept it in good condition it would hold its value somewhat? It seems the low end M5s have plateaued around the £15k mark.Just to enjoy for 6months to a year.
I suppose the big problem is no warranty over 60k miles will have the biggest impact on values given the clutch/gearbox issues?
Cheers
Chris
Johnb850 said:
My crystal ball forsees E60 M5 values drop to levels before unseen in the M5 world due to their running costs and build numbers compared to thier predecessors.
Agree. People b
hed about the fuel consumption when these were £60k cars! I think the gearbox will date very quickly as it's relatively early tech in a part of modern cars that is advancing rapidly.Actually according to my little E60/1/3 Excel sheet, depreciation has been slowing considerably over the last 12 months, after they got spanked in 2011.
Obviously running costs are high which is why second hand prices are very sensitive to condition and mileage. Cars with below average mileage and warranty have firmed over the last 6 months, the E61 particularly. Lots to go wrong but set against that is the very special, and likely last of its kind, V10. By way of example I was recently offered just 4k below what I paid for my M5 16 months ago. So that's £250 a month depreciation, I can live with that.
Obviously running costs are high which is why second hand prices are very sensitive to condition and mileage. Cars with below average mileage and warranty have firmed over the last 6 months, the E61 particularly. Lots to go wrong but set against that is the very special, and likely last of its kind, V10. By way of example I was recently offered just 4k below what I paid for my M5 16 months ago. So that's £250 a month depreciation, I can live with that.
Cheib said:
Agree. People bhed about the fuel consumption when these were £60k cars! I think the gearbox will date very quickly as it's relatively early tech in a part of modern cars that is advancing rapidly.
Of course some people buy them now rather than buying 60k cars now, then the fuel is not really an issue. I bought mine just after StuH, I could run a new F10 M5 if I wanted but I'm more than happy with a nice low mileage car losing very little money (less than a new Focus would have done in the same time).hed about the fuel consumption when these were £60k cars! I think the gearbox will date very quickly as it's relatively early tech in a part of modern cars that is advancing rapidly.As for the gearbox point, thats a non issue for me. The gearbox is ok and I'm not going to shell out 10's of thousands to be on the cutting edge and waste in depreciation.
In a few years time I'll pick up an F10 and enjoy that technology too and be far better off.
I paid 19500 for an AUC car with 32k, I plan to run it for 5 years, at which time I don't think it will owe me anything particularly. I'll still be driving a very nice car in five years.
Don't mean to be too bullish here but people lose perspective sometimes in my opinion.
Regards
Fred
Residuals are hard to predict, unlikely they will drop further than the older M5s as they have a different appeal ie V10 with paddle shift.... The thing that will effect residuals the most will be if independents can come up with solutions to some of the issues that cause silly expensive warranty claims ie clutch bearings etc.
I paid 15k for mine 1.5yrs ago and have put 25k miles on it and its still worth 12-13k... Hardly a brick depreciation wise!
I paid 15k for mine 1.5yrs ago and have put 25k miles on it and its still worth 12-13k... Hardly a brick depreciation wise!
507 bhp, 5 litre v10 of which we won't see anything of this size in a similar car again. 200mph.
Carries 4 in comfort, good spec, very good looking cohesive design.
I think these have bottomed out and are rising now although appreciate this is an old thread.
Far quicker than an e90, far more special with than v10.
How can a z3m or something be dearer?
To me, these are even better than a CSL. Yes, I know they're not as 'driver' focussed but they're quicker, more comfortable and have a better engine. Most will disagree on this point.
Mpg no longer an issue as most used as second cars now. Whilst the new m5 is better the e60 is the modern classic, the one that feels special.
What else can you get for £13k that matches this? Bargain of the century imo.
Carries 4 in comfort, good spec, very good looking cohesive design.
I think these have bottomed out and are rising now although appreciate this is an old thread.
Far quicker than an e90, far more special with than v10.
How can a z3m or something be dearer?
To me, these are even better than a CSL. Yes, I know they're not as 'driver' focussed but they're quicker, more comfortable and have a better engine. Most will disagree on this point.
Mpg no longer an issue as most used as second cars now. Whilst the new m5 is better the e60 is the modern classic, the one that feels special.
What else can you get for £13k that matches this? Bargain of the century imo.
I had an 2007 model & loved it nothing went wrong with it, along with the K&N's Remap & Eissmann Exhaust it always got going when you were on it but even for me the fuel consumption was a step to far especially when used around town.
Running costs worked out to be more than my 4.7 Granturismo, I think very well looked after examples will always hold their money but I think those that are in average condition will drop due to the number made & the high running costs.
Saying all of that if someone said they were buying one I'd tell them to go for it.
Running costs worked out to be more than my 4.7 Granturismo, I think very well looked after examples will always hold their money but I think those that are in average condition will drop due to the number made & the high running costs.
Saying all of that if someone said they were buying one I'd tell them to go for it.
jonah35 said:
507 bhp, 5 litre v10 of which we won't see anything of this size in a similar car again. 200mph.
Carries 4 in comfort, good spec, very good looking cohesive design.
I think these have bottomed out and are rising now although appreciate this is an old thread.
Far quicker than an e90, far more special with than v10.
How can a z3m or something be dearer?
To me, these are even better than a CSL. Yes, I know they're not as 'driver' focussed but they're quicker, more comfortable and have a better engine. Most will disagree on this point.
Mpg no longer an issue as most used as second cars now. Whilst the new m5 is better the e60 is the modern classic, the one that feels special.
What else can you get for £13k that matches this? Bargain of the century imo.
+1Carries 4 in comfort, good spec, very good looking cohesive design.
I think these have bottomed out and are rising now although appreciate this is an old thread.
Far quicker than an e90, far more special with than v10.
How can a z3m or something be dearer?
To me, these are even better than a CSL. Yes, I know they're not as 'driver' focussed but they're quicker, more comfortable and have a better engine. Most will disagree on this point.
Mpg no longer an issue as most used as second cars now. Whilst the new m5 is better the e60 is the modern classic, the one that feels special.
What else can you get for £13k that matches this? Bargain of the century imo.
Fantastic car and the likes of which we'll most likely never see again.
IMHO bmw's finest NA engine ever. .. a 40 valve 5ltr V10 that revs to 8250rpm and achieves 100 bhp per litre... what an engine!
Fuel never bothered me as the immense pleasure the car gave in return more than made up for this for me.
They will never become a £10,000 unless its a complete dog of a car. Very special engine. Expensive to put right so look for a car that has had the following done
Clutch, flywheel and maybe clutch position sensor
Servicing on time
Throttle actuator
Good tyres
Plenty of brake life
Lots of reciepts and paperwork
Clutch, flywheel and maybe clutch position sensor
Servicing on time
Throttle actuator
Good tyres
Plenty of brake life
Lots of reciepts and paperwork
Active seats, head up display and loads of toys.
They're getting cheaper to run as specialists understand their foibles.
Some things like sapphire cosworths, lotus carltons etc will be as costly to sort problems etc
Trouble is with lightweight drivers cars like exiges, nobles, cater hams that hold their value is that they're only ever worth it on that very rare sunny day when you just want to go for a drive. Perhaps 5 times a year.
If you were going on a 3 hour journey to a car show at a weekend like salon prive, goodwood etc and doing the usual stop at a services for a coffee etc and sat in traffic then I'd rather take an m5 than a 'sports car'.
You can always get this past your wife if you're going shopping or going away for the weekend whereas a lotus etc would be bumpy and tiring.
It's practicality in the uks random weather, heavy traffic and so on makes it a useable second car.
It will never be big money as its a saloon but they're climbing steadily now.
The cheapest high mile cat c is £11k and 'normal' ones start at £13k and the low milers are going for £20k plus. 12-18 months and f10 m5s will be worth less than top e60s. That's when you know they've hit classic status - bit like 996 turbo vs 997 turbo.
They're getting cheaper to run as specialists understand their foibles.
Some things like sapphire cosworths, lotus carltons etc will be as costly to sort problems etc
Trouble is with lightweight drivers cars like exiges, nobles, cater hams that hold their value is that they're only ever worth it on that very rare sunny day when you just want to go for a drive. Perhaps 5 times a year.
If you were going on a 3 hour journey to a car show at a weekend like salon prive, goodwood etc and doing the usual stop at a services for a coffee etc and sat in traffic then I'd rather take an m5 than a 'sports car'.
You can always get this past your wife if you're going shopping or going away for the weekend whereas a lotus etc would be bumpy and tiring.
It's practicality in the uks random weather, heavy traffic and so on makes it a useable second car.
It will never be big money as its a saloon but they're climbing steadily now.
The cheapest high mile cat c is £11k and 'normal' ones start at £13k and the low milers are going for £20k plus. 12-18 months and f10 m5s will be worth less than top e60s. That's when you know they've hit classic status - bit like 996 turbo vs 997 turbo.
You may very well be correct Jonah, but these cars scare me with their potential for big bills. I personally wouldn't consider one without warranty (I don't currently run any warranties on my cars), and I just don't see them ever hitting proper classic status. IMO they will sit in a hinterland of slightly interesting yet mostly ignored cars like the Audi S8 and AMG E55s
Are values really rising for these? I will stand corrected if so, but the last I saw they were dropping down past the values of good E34 & E39s
Are values really rising for these? I will stand corrected if so, but the last I saw they were dropping down past the values of good E34 & E39s
I sold my E63 M6 for £16,750 after months and months of trying. It had a warranty, new clutch work etc and I couldn't even give the thing away it felt like at times!
It was arguably more desirable than the E60 M5 too.
Nice desirable cars - both M5 and M6 - but far from being high value classic cars......yet! Perhaps in another 5 years time when the newer generation M5 and M6 are out and people yearn for that V10 magic even more.
It was arguably more desirable than the E60 M5 too.
Nice desirable cars - both M5 and M6 - but far from being high value classic cars......yet! Perhaps in another 5 years time when the newer generation M5 and M6 are out and people yearn for that V10 magic even more.
cosworth330 said:
An E60 M5 is more special than the 2 cars you mention.
E39 M5's were down at 5k for ropey ones once they were at 10 yrs old. A ropey 10 yr old E60 M5 is at least double that and even then it's probably cat d so I don't think they are holding up that bad.
I agree, but it also has a reputation for being more costly should anything go wrong with itE39 M5's were down at 5k for ropey ones once they were at 10 yrs old. A ropey 10 yr old E60 M5 is at least double that and even then it's probably cat d so I don't think they are holding up that bad.
Also, £10k doesn't get you too much these days in terms of M-cars, due to market changes since 2008, so I wouldn't read too much into comparisons with E39s. The E60 is now one of the cheapest M-cars to buy, and there is a reason for that. It's a long way from being regarded a classic IMO, but I will agree it's something of a bargain at the moment. The test will be whether people are prepared to take a punt on them when they are all out of warranty
Leins said:
You may very well be correct Jonah, but these cars scare me with their potential for big bills. I personally wouldn't consider one without warranty (I don't currently run any warranties on my cars), and I just don't see them ever hitting proper classic status. IMO they will sit in a hinterland of slightly interesting yet mostly ignored cars like the Audi S8 and AMG E55s
Are values really rising for these? I will stand corrected if so, but the last I saw they were dropping down past the values of good E34 & E39s
Good points.Are values really rising for these? I will stand corrected if so, but the last I saw they were dropping down past the values of good E34 & E39s
I agree on amg mercs and s8s just bumbling around as cheap cars but the m5 seems somewhat different.
I've been keeping an eye on prices and they've definitely gone up a little in the past year. Not by much, maybe 2-3k across the board.
Yes, running costs scary so buyers will be people with good incomes that would otherwise have bought a more expensive car and for whom £13k is a bit of a punt and keep some in reserve.
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