20k E60 M5 depreciation.

20k E60 M5 depreciation.

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Discussion

jonah35

3,940 posts

157 months

Monday 10th August 2015
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outnumbered said:
Look at where E39 M5s have ended up.... don't see why the E60 would be any different - in fact it may be worse as there's a lot more to go wrong.
The highest mile, 150k mile e39 is £6500. Good ones £12k plus.

jonah35

3,940 posts

157 months

Monday 10th August 2015
quotequote all
Leins said:
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 it

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
Yeah it's hit the bottom when you put it like that as one of the cheapest m cars money can buy

jonah35

3,940 posts

157 months

Monday 10th August 2015
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Schermerhorn said:
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.
Coupes traditionally go for more than saloons but in this case I think the market has chosen the m5 as being the more practical car with better looks.


AW10

4,436 posts

249 months

Monday 10th August 2015
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jonah35 said:
Coupes traditionally go for more than saloons but in this case I think the market has chosen the m5 as being the more practical car with better looks.
Agreed - given the high running costs at least the E60/E61 brings 4 door practicality with it.

cosworth330

1,300 posts

237 months

Monday 10th August 2015
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FredBasset said:
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).

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
Above is about right.

Prices haven't chaged that much since this thread started 2 and a half years ago.

If sell my E60 M5 and move onto an F10 or F80 the depreciation will be a hell of a lot more on those models




zainster

441 posts

176 months

Monday 10th August 2015
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Schermerhorn said:
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.
I sold my M5 in just under 48 hours of putting it up for sale. It was one of the easiest cars I've ever sold!

andygtt

8,345 posts

264 months

Monday 10th August 2015
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jonah35 said:
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'.
Cant say I agree.
I ran my noble and M5 at the same time... the M5 replaced the noble as my company car, its was more expensive to run than the noble and I still would use the noble to go to car shows etc.. rain, shine, snow etc.

The only time I used the M5 to go to Lemans instead of the noble was when I had the engine out for upgrade and it wasn't finished in time.

My M5 had an electronic gearbox issue and then got flood damaged by the garage so its not coming back on the road in its current form, Im now using the engine in a project Im doing as Imo the M5 engine is the best I have experienced or heard.

These cars are a a bargain, and have not changed significantly in value in the 4 years plus that I have had mine, you might pay 1k less for the same spec, mileage car that I bought!
All the predictions that the residuals would nose dive were very wrong!

jonah35

3,940 posts

157 months

Monday 10th August 2015
quotequote all
andygtt said:
jonah35 said:
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'.
Cant say I agree.
I ran my noble and M5 at the same time... the M5 replaced the noble as my company car, its was more expensive to run than the noble and I still would use the noble to go to car shows etc.. rain, shine, snow etc.

The only time I used the M5 to go to Lemans instead of the noble was when I had the engine out for upgrade and it wasn't finished in time.

My M5 had an electronic gearbox issue and then got flood damaged by the garage so its not coming back on the road in its current form, Im now using the engine in a project Im doing as Imo the M5 engine is the best I have experienced or heard.

These cars are a a bargain, and have not changed significantly in value in the 4 years plus that I have had mine, you might pay 1k less for the same spec, mileage car that I bought!
All the predictions that the residuals would nose dive were very wrong!
Sadly you may be younger than me! Nobles are great but I'd want to thrash about in it for 30 minutes then get back in something comfy smile

ZX10R NIN

27,604 posts

125 months

Monday 10th August 2015
quotequote all
Also having an effect on values will be the fact that the S85 engine is known for having an appitite for it's shell & rods every now & then.

Leins

9,468 posts

148 months

Monday 10th August 2015
quotequote all
ZX10R NIN said:
Also having an effect on values will be the fact that the S85 engine is known for having an appitite for it's shell & rods every now & then.
Out of interest, any idea what these cost to replace as a preventative measure on the S85? I wouldn't like to have to fund a rebuild on one of these I think

jonah35

3,940 posts

157 months

Monday 10th August 2015
quotequote all
Leins said:
ZX10R NIN said:
Also having an effect on values will be the fact that the S85 engine is known for having an appitite for it's shell & rods every now & then.
Out of interest, any idea what these cost to replace as a preventative measure on the S85? I wouldn't like to have to fund a rebuild on one of these I think
A refurbed engine is £5k fitted or £1k for preventative measure

ZX10R NIN

27,604 posts

125 months

Monday 10th August 2015
quotequote all
5k isn't bad for a replacement engine.

Leins

9,468 posts

148 months

Monday 10th August 2015
quotequote all
jonah35 said:
A refurbed engine is £5k fitted or £1k for preventative measure
I'm quite taken aback by that actually, seems very cheap on both counts

Edited by Leins on Monday 10th August 20:45

jonah35

3,940 posts

157 months

Monday 10th August 2015
quotequote all
ZX10R NIN said:
5k isn't bad for a replacement engine.
It's not a new engine but refurbed for £5k and the preventative measure is about £400 for parts plus 15 hours labour and some specialists charge £30-35 ph but more often than not £40-45

Schermerhorn

4,342 posts

189 months

Monday 10th August 2015
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Can you buy after market strenghtened rod bearings and shells?

If I still had an S85 and it was high mileage I would consider buying and replacing aforementioned as a preventative measure.

Shaoxter

4,078 posts

124 months

Monday 10th August 2015
quotequote all
Schermerhorn said:
Can you buy after market strenghtened rod bearings and shells?

If I still had an S85 and it was high mileage I would consider buying and replacing aforementioned as a preventative measure.
You guys are starting to sound like IMS bearing crew...

Let's say there's a 10% chance of the rod bearings lunching the engine before 100k miles.
You own the car for a few years and say 20k miles. So there's a 2% chance of needing a replacement engine during your ownership. There's no way a £1k+ preventative measure justifies that probability.

I could very well be eating my words in the future but for now I'm happily running 2 cars which have engines which will spontaneously combust if you believe the internet.

Leins

9,468 posts

148 months

Monday 10th August 2015
quotequote all
Shaoxter said:
Schermerhorn said:
Can you buy after market strenghtened rod bearings and shells?

If I still had an S85 and it was high mileage I would consider buying and replacing aforementioned as a preventative measure.
You guys are starting to sound like IMS bearing crew...

Let's say there's a 10% chance of the rod bearings lunching the engine before 100k miles.
You own the car for a few years and say 20k miles. So there's a 2% chance of needing a replacement engine during your ownership. There's no way a £1k+ preventative measure justifies that probability.

I could very well be eating my words in the future but for now I'm happily running 2 cars which have engines which will spontaneously combust if you believe the internet.
Have to say I take (have taken) completely the opposite approach to longer-term car ownership. Preventative maintenance is the only way forward, and £1k sounds seriously cheap to me for better peace of mind. Each to their own I suppose

jamoor

14,506 posts

215 months

Tuesday 11th August 2015
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Do they even destroy the engine when they fail?

On my S62 the engine started knocking, very audibly when warm, replaced them and just carried on as before.

RWDKurt

163 posts

246 months

Tuesday 11th August 2015
quotequote all
I sold my e39 M5 3 years ago - similar cars are now being advertised for significantly more money.

At that time the bottom of the e60 market was about £15k (not counting category cars). It seems to be about £12K now.

I'd guess (like others) that we're not far off the bottom of the e60 value curve now. At least I hope so, because I've just bought one...


....I'm also lucky enough to own a 3.4 996 C2, which is another 'time bomb' car predicted to rise in value. It's cost me a fortune already, due to an atypical engine failure for this engine - rod bearing failure!

When my M5 engine goes pop, as it surely will, I shall push it in the garage, sulk for a few months, then get the spanners out...


cosworth330

1,300 posts

237 months

Saturday 8th October 2016
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[quote=Johnb850]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.

[/quote

Your crystal ball isn't working lol