E39 M5 prices on the rise ?
Discussion
adamsdr said:
thanks, i'm not much of an expert, as a recent defector from porsche, but was very favourably impressed by both the car and the establishment.
When buying a car I look at the quality of the car (obviously) and the impression I get from the dealer and if the dealers worth it and I feel I'll get good service, I'm happy to pay more. Overpriced is when the market wont stand the asking price and it hangs around for ever. You could have got your car cheaper if you had searched and searched and searched, waited, searched in the mean time someone else would have had yours and enjoying the experience.that was exactly my view - i really like their enthusiasm and integrity. clearly this was priced at the top of the market but was smitten by the car (this was the first e39 i'd driven) and felt that the tradeoff between possibly finding one as good for less and the time and effort it might take wasn't worth it. can't wait.
isaldiri said:
Time gap. Between 2006-2011 had no recorded servicing or trip to any BMW workshop if I recall correctly. Mileage went from approx 30k to 48k in that time period.
That's correct. Apparently it had been to an independent garage during that time, but they lost all the paperwork for the car (which I had specifically wanted). 161BMW said:
Don't BMW Hexagon of Highgate recently sold some of these at really über low mileages and very last of the line :-) ?
Think Hexagon generally try to corner the market in low mileage //M product, with v high prices (sometimes unrealistic). IIRC they successfully ramped up Z8 prices some years ago, but a lot of the rarer/overpriced stock today may be SoR. Believe this is the case for one of the Z3M's they have in stock. I placed a deposit with them to hold a CSL a couple of years back and it was in pretty bad condition when I went to view. Non-matching tyres, nail sticking out of rear tyre, front bumper was loose and hadn't been painted properly (one half was a matte finish). Sales person (who was completely ignorant and knew nothing about the CSL) got pretty aggressive when I pointed these bits out, so I just asked for my money back and have stayed well away ever since!
Kananga said:
161BMW said:
Don't BMW Hexagon of Highgate recently sold some of these at really über low mileages and very last of the line :-) ?
Think Hexagon generally try to corner the market in low mileage //M product, with v high prices (sometimes unrealistic). IIRC they successfully ramped up Z8 prices some years ago, but a lot of the rarer/overpriced stock today may be SoR. Believe this is the case for one of the Z3M's they have in stock. I placed a deposit with them to hold a CSL a couple of years back and it was in pretty bad condition when I went to view. Non-matching tyres, nail sticking out of rear tyre, front bumper was loose and hadn't been painted properly (one half was a matte finish). Sales person (who was completely ignorant and knew nothing about the CSL) got pretty aggressive when I pointed these bits out, so I just asked for my money back and have stayed well away ever since!
adamsdr said:
picking this up next week so hoping it wasn't too over-priced.....
http://www.munichlegends.co.uk/component/option,co...
Beautiful car well found..http://www.munichlegends.co.uk/component/option,co...
And thanks for sharing that video link, I hadnt realised we sounded like that from the outside as ive never let anyone do a fly past in my car!
Perhaps the price differential between "low" and "high" mileage E39 M5s is greater now than it used to be?
This may well be due to there being less and less of the former in existence?
I think there are still some rather tempting prices around for good looking facelift examples which are the "wrong" side of 100K miles.
Exhibit A:
2001 FSH 132K miles 5975 GBP.
http://www.pistonheads.com/classifieds/used-cars/b...
Exhibit B:
2002 FSH 103K miles 6695 GBP.
http://www.ebay.co.uk/itm/2002-BMW-M5-FACELIFT-NOT...
This may well be due to there being less and less of the former in existence?
I think there are still some rather tempting prices around for good looking facelift examples which are the "wrong" side of 100K miles.
Exhibit A:
2001 FSH 132K miles 5975 GBP.
http://www.pistonheads.com/classifieds/used-cars/b...
Exhibit B:
2002 FSH 103K miles 6695 GBP.
http://www.ebay.co.uk/itm/2002-BMW-M5-FACELIFT-NOT...
indeed buy on condition!
I remember a tyre kicker once having a go at me for asking the price I was after for a 1993 fireblade. This was in 2003, it was mint as if it had left the factory but had 30,000 on the clock. He had a right go at me and then I asked how many miles does he do a year on his bike. He said 4 to 6,000 miles. I asked him to divide 30 by 10. The penny dropped, I sent him on his way as I couldnt see such a good bike going to such a norman.
I have to say when buying I will look first for low mileage cars but if the right car came along but with 100k I wouldnt worry. I would if it had turbos, an auto box and was possibly diesel but otherwise not!
I remember a tyre kicker once having a go at me for asking the price I was after for a 1993 fireblade. This was in 2003, it was mint as if it had left the factory but had 30,000 on the clock. He had a right go at me and then I asked how many miles does he do a year on his bike. He said 4 to 6,000 miles. I asked him to divide 30 by 10. The penny dropped, I sent him on his way as I couldnt see such a good bike going to such a norman.
I have to say when buying I will look first for low mileage cars but if the right car came along but with 100k I wouldnt worry. I would if it had turbos, an auto box and was possibly diesel but otherwise not!
ArmaghMan said:
And the obsession with facelift cars... I'd rather a good pre-facelift like mine that a tatty facelift car any day.
More mileage means more wear and tear on generalI would rather have a very late low mileage E39 M5
Especially in Le Mans Blue Metallic Paint
Was #6 or #8 greatest road cars ever in a list compiled by Autocar in 2001 with the McLaren F1 at #1
ArmaghMan said:
And the obsession with facelift cars... I'd rather a good pre-facelift like mine that a tatty facelift car any day.
More mileage means more wear and tear on generalI would rather have a very late low mileage E39 M5
Especially in Le Mans Blue Metallic Paint
Was #6 or #8 in top ten greatest road cars ever in a list compiled by Autocar in 2001 with the McLaren F1 at #1
161BMW said:
More mileage means more wear and tear on general
I would rather have a very late low mileage E39 M5
Especially in Le Mans Blue Metallic Paint
Was #6 or #8 greatest road cars ever in a list compiled by Autocar in 2001 with the McLaren F1 at #1
100k motorway or long distance trips vs 30k of short trips. Lack of use also leads to problems. Place your car mint into a garage, let it stand for months at a time and see how quickly things have gone wrong. I'd rather a car thats been used as intended and not pampered. The argument reminds me of being in Egypt, when they drive at night they dont put the lights on but instead they flash the head lights evert few seconds to "save wear"I would rather have a very late low mileage E39 M5
Especially in Le Mans Blue Metallic Paint
Was #6 or #8 greatest road cars ever in a list compiled by Autocar in 2001 with the McLaren F1 at #1
Hair Flick said:
100k motorway or long distance trips vs 30k of short trips. Lack of use also leads to problems. Place your car mint into a garage, let it stand for months at a time and see how quickly things have gone wrong. I'd rather a car thats been used as intended and not pampered. The argument reminds me of being in Egypt, when they drive at night they dont put the lights on but instead they flash the head lights evert few seconds to "save wear"
This is interestingWhy does if u put your car in garage and haven't used for a while cause problems other than flat battery ?
What kind of problems occur ?
When I was talking about mileage I meant like for like same type of miles whether 30k or 100k
wear and tear on suspension parts will be negligable in comparrison, having something just sat still not moving does that have an affect on suspension parts, moving parts etc that all need lubricating or does sitting still just lead to flat spots and sagging?
Likewise fuel lines, engine component parts etc all are lubricated as part of the process of running. Drop your car off at a decent storage onver winter and they will run the car till its warm every couple of weeks.
at this age say ten to 14 years I wouldnt really be more interested in a 30k car over a 100k car and would buy on condition. Some people are absolutely utterly obsessed with mileage which is great as it means the higher miles cars drop in value but its just absolutely laughable in this day and age. After 12 years its highly likely the 100k car has had most of the major wear and tear items replaced, bushes, suspension, wishbones etc vs that 30k car which will be running on 12 year old bushes that have fatigued through lack of use.
Likewise fuel lines, engine component parts etc all are lubricated as part of the process of running. Drop your car off at a decent storage onver winter and they will run the car till its warm every couple of weeks.
at this age say ten to 14 years I wouldnt really be more interested in a 30k car over a 100k car and would buy on condition. Some people are absolutely utterly obsessed with mileage which is great as it means the higher miles cars drop in value but its just absolutely laughable in this day and age. After 12 years its highly likely the 100k car has had most of the major wear and tear items replaced, bushes, suspension, wishbones etc vs that 30k car which will be running on 12 year old bushes that have fatigued through lack of use.
By the strength of this ad, maybe:
http://www.ebay.co.uk/itm/BMW-M5-5-0-V8-with-M5-Ch...
They are asking £7,499 - when I viewed the car at the start of January at a different dealer, it was up for £6500 and was advertised for a couple of months before I went to see it. The advert conveniently skips over a few things. Whilst the service book has stamps, there is precious little paperwork, just a handful of invoices. The interior DOES quite clearly show wear and tear, despite the advert saying otherwise, that was the biggest thing that put me off. The fuel filer has rust bubbling up, as does the rear panel under the boot latch. The wheels have been refurbed but not very well, and the tyres, claimed to be 'new' at the time were all dated 2009 and one had a few chunks missing out the rim protector. It drove perfectly well, VANOS seemed ok, once warmed it had a few odds rattles and a vacuum hissing noise when blipping in neutral. I took it to 105,000 miles dead so 106,000 means it's barely been used since then.
I've been tracking prices for a while and it does appear that low mileage/mint cars are starting to appreciate, high-milers/knackered ones are bottoming out at around 5k, with perhaps 8-9k netting a reasonable example. I am hopeful my ideal E39 turns up over the summer, the search continues...
http://www.ebay.co.uk/itm/BMW-M5-5-0-V8-with-M5-Ch...
They are asking £7,499 - when I viewed the car at the start of January at a different dealer, it was up for £6500 and was advertised for a couple of months before I went to see it. The advert conveniently skips over a few things. Whilst the service book has stamps, there is precious little paperwork, just a handful of invoices. The interior DOES quite clearly show wear and tear, despite the advert saying otherwise, that was the biggest thing that put me off. The fuel filer has rust bubbling up, as does the rear panel under the boot latch. The wheels have been refurbed but not very well, and the tyres, claimed to be 'new' at the time were all dated 2009 and one had a few chunks missing out the rim protector. It drove perfectly well, VANOS seemed ok, once warmed it had a few odds rattles and a vacuum hissing noise when blipping in neutral. I took it to 105,000 miles dead so 106,000 means it's barely been used since then.
I've been tracking prices for a while and it does appear that low mileage/mint cars are starting to appreciate, high-milers/knackered ones are bottoming out at around 5k, with perhaps 8-9k netting a reasonable example. I am hopeful my ideal E39 turns up over the summer, the search continues...
Hair Flick said:
I'm a stickler for paperwork, ever receipt I have and always keep in the file but when I bought mine it had stamps in the book and next to no other paperwork. Bought on condition and the fact it was all main dealer service history that was verfied and visible on the BMW system.
I agree there is a lot to be said for buying on condition - my current car had no invoices or paperwork, just service stamps. After ringing around the garages I determined all was in order, and I now have a stack of paperwork for everything I've had done since. I just didn't get the impression that the M5 in question had been cared for as well as suggested, and too many little things didn't quite add up.Gassing Station | M Power | Top of Page | What's New | My Stuff