E39 M5 prices on the rise ?

E39 M5 prices on the rise ?

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Discussion

RenesisEvo

3,607 posts

219 months

Monday 10th June 2013
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longfellow said:
Have you been searching for long?
I test drove one this January, I was casually looking about before then... boxedin

In my defence I wasn't going to buy until April, and I've not shifted my current car yet

mr sagman

1,718 posts

236 months

Monday 10th June 2013
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I most certainly wouldn't be put off by a late, or missing running in service, as any problems would of certainly reared their head long before now.. I still miss my 02 E39 M5 every single day, Probably the best all round car ever built in my humble opinion, My car was late with the running in service by around 1600 miles but in 3.5 years ownership it never missed a beat, and when I foolishly sold it last year at 99k miles it still felt like it was getting better and faster with age, and it never even used a drop of oil between services.
Strangely enough I had a call a couple of weeks ago from a guy about to put a deposit on it and he found my number on the service history receipt and he rang me for a chat about it, I made him promise to give me first refusal if he ever sells it, Once driven forever smitten I'm afraid.

ArmaghMan

2,409 posts

180 months

Monday 10th June 2013
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skeeterm5 said:
Patrick Bateman said:
The latter.

I just messaged him to say it's a non-starter for me.
To be honest, if the e39 missed its running in service anything serious woud have surfaced by now.

Given the age of all e39 m5 cars nw buy on condition not a missed service 10 to 15 years ago.

S
This again. Mine has no running in service. So 13 years ago it was missed. I'd rather mine which has had thousands spent on it in the last 2 years than one with a stamp and nothing spent recently. Read the blurb on 911virgin on buying. It's geared towards 911's obviously but a lot f it is m5 relevant too.

2stis

507 posts

174 months

Tuesday 11th June 2013
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skeeterm5 said:
To be honest, if the e39 missed its running in service anything serious woud have surfaced by now.
I don't disagree with the 'buy on condition' mantra, but I don't see how you can honestly say any issues to do with missing the running in service would have surfaced by now (unless of course you are one of the M GmbH engineers, and know that the initial running in service has no purpose, in which case I apologise for questioning this). What sort of 'serious' issue would you have expected to occur early on as a result of running around on the old oil for a few thousand miles? Nothing much I'd suggest.

Isn't it more likely that this oversight doesn't lead to anything 'serious' but is more a case of wear on the engine components could be accelerated versus the manufacturer's intentions? For example, if they think the rod bearings should last for 200,000 miles with the correct service schedule adhered to (which of course doesn't guarantee that every car may meet that aim!) it might be that they would be expected to fail at 190,000 if the initial oil with running in swarf was left until the first service? Since we don't strip the engine down to inspect the components prior to purchase it won't be possible to tell how many 10,000 miles more each component could be expected to last in any given purchase, and so the service history is a reasonable record to fall back on to assist in estimating this.

There was talk on another thread about the 1200 mile service being included in the invoice price of the car, i.e. free to the owner, so I can only assume that the M engineers thought there was some value in eating into their own profits to change the oil at this interval to deliver some kind of benefit in terms of ultimate longevity?

EddieFelson

1,168 posts

214 months

Friday 14th June 2013
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2stis said:
I don't disagree with the 'buy on condition' mantra, but I don't see how you can honestly say any issues to do with missing the running in service would have surfaced by now (unless of course you are one of the M GmbH engineers, and know that the initial running in service has no purpose, in which case I apologise for questioning this). What sort of 'serious' issue would you have expected to occur early on as a result of running around on the old oil for a few thousand miles? Nothing much I'd suggest.

Isn't it more likely that this oversight doesn't lead to anything 'serious' but is more a case of wear on the engine components could be accelerated versus the manufacturer's intentions? For example, if they think the rod bearings should last for 200,000 miles with the correct service schedule adhered to (which of course doesn't guarantee that every car may meet that aim!) it might be that they would be expected to fail at 190,000 if the initial oil with running in swarf was left until the first service? Since we don't strip the engine down to inspect the components prior to purchase it won't be possible to tell how many 10,000 miles more each component could be expected to last in any given purchase, and so the service history is a reasonable record to fall back on to assist in estimating this.

There was talk on another thread about the 1200 mile service being included in the invoice price of the car, i.e. free to the owner, so I can only assume that the M engineers thought there was some value in eating into their own profits to change the oil at this interval to deliver some kind of benefit in terms of ultimate longevity?
It's just running in oil. Not magic bean sauce, yes you ideally want it removed at the right time as it won't have been the best oil to protect the engine.

BMW took it very seriously to a point where they refused to honour any warranty for a car that didnt have it done. However when you're on a 70,000 miles later, it doesn't really make a blind bit of notice unless you're going to make a claim on a BMW warranty if your engine suddenly explodes. So if you have a warrenty then it is important, but not 10 years down the line.

Patrick Bateman

12,179 posts

174 months

Friday 14th June 2013
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Going to see that one tomorrow in Glasgow. The guy's asking in the region of £7800. There's a couple of patches of rust around the bootlid, dead pixels, alloys could do with a refurb and a small crack in the rear bumper.

Hopefully be able to knock some off that.

TheLordJohn

5,746 posts

146 months

Friday 14th June 2013
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£8000 for a ropey one? They must be!!
They used to be at 3.5 - 5k. I saw a one owner from new that needed work less than 2 years ago for 3k in Merseyside.

MikeHull

12,406 posts

209 months

Friday 14th June 2013
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I was actually in High Wycombe on Tuesday and was going to look at that M5 at ST Georges Motor's to see what it was about, as it was dead cheap etc. I knew nothing else about it as hadnt searched on the net etc, but I wasnt considering buying it.

When I called up, I got told that it had been sold.

TheLordJohn

5,746 posts

146 months

Friday 14th June 2013
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In wasn't aware of any locally frown

Patrick Bateman

12,179 posts

174 months

Saturday 15th June 2013
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Mission accomplished.



Needs a bit spent on it cosmetically (refurb leather, wheels, sort out rust on bootlid) but seems ok mechanically on the whole.

TheLordJohn

5,746 posts

146 months

Saturday 15th June 2013
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May I be the first to congratulate you? Well done!!
Where are you? I'd love a look at it sometime.

longfellow

551 posts

143 months

Saturday 15th June 2013
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Patrick Bateman said:
Mission accomplished.



Needs a bit spent on it cosmetically (refurb leather, wheels, sort out rust on bootlid) but seems ok mechanically on the whole.
Congrats on the new purchase thumbup
You're next mission is to get some pics up? smile

I'm hoping to join the E39 M5 club soon

TheLordJohn

5,746 posts

146 months

Saturday 15th June 2013
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If anyone wishes to join the E36 M3 Evo club so I can, in ten, begin my tenure in the E39 M5 club, do feel free to get in touch!!

Patrick Bateman

12,179 posts

174 months

Sunday 16th June 2013
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longfellow said:
Congrats on the new purchase thumbup
You're next mission is to get some pics up? smile

I'm hoping to join the E39 M5 club soon
http://s30.photobucket.com/user/aq965/media/2012-04-23111053-1.jpg.html

http://s30.photobucket.com/user/aq965/media/2012-0...

Taken last year by the owner.

Any idea how much it would cost to get all the leather back up to speed? It's not torn or anything but the caramel heritage hasn't worn well.

Oh and for any owners already, I'd suggest hearing the engine when you take the plenum cover off. Epic.

Girthsham

62 posts

123 months

Tuesday 1st April 2014
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Hows it looking now? I have noticed them well up for some models. 9 months since this was last active and I just came across it.

Patrick Bateman

12,179 posts

174 months

Tuesday 1st April 2014
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Not sure what they're actually selling for but a lot of the advertised prices are higher than when I was looking. There's a lot less for sale just now.

ds666

2,633 posts

179 months

Tuesday 1st April 2014
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Just paid £7750 for an 02 plate , 122k. Pretty good overall condition . Just having a prop centre bearing and rear pads. Will need wheel refurb , rust on ns front wing ( minor ) and round boot key area ( minor ) addressing in time . Had it checked by my favourite indi ( NCB Autokraft )and no other issues identified . Just done Fife and back from Worcestershire over the weekend - effortless cruiser . Prob wont do more than 3-4000 miles pa going forward . Nice to change gears after the flappy paddles on the e60 ...

Ritchie335is

1,861 posts

202 months

Tuesday 1st April 2014
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ds666 said:
Prob wont do more than 3-4000 miles pa going forward.
How many miles are you going to do in reverse?

nick1275

1,272 posts

170 months

Tuesday 1st April 2014
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I got mine end of December just gone for £7,850. Needs a wheel refurb and the diff input seal has just started to weap. It's a silverstone 2001 y reg with just shy of 87k, no rust, few minor stone chips, inspection 1, new mafs, thermostat and vanos health check last sept/oct.

JNR77

279 posts

238 months

Saturday 5th April 2014
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Where are all the E39 gone? I was browsing before Christmas and plenty to choose from, but hardly any available on classifieds or AT, prices looked to have firmed up as well