Discussion
First off I don't care about image at all. Drove a Datsun Cherry with rattle can sprayed paint till it ate a engine.
At my mums house she runs a 4x4 business from it with her boyfriend and his son working as mechanics.
I would imagine I have all the tools to fix most things. I can fix a fair bit myself but if I needed help they would happily help.
The £500 for brakes isn't *that* bad as I wouldn't have fitting costs?
At my mums house she runs a 4x4 business from it with her boyfriend and his son working as mechanics.
I would imagine I have all the tools to fix most things. I can fix a fair bit myself but if I needed help they would happily help.
The £500 for brakes isn't *that* bad as I wouldn't have fitting costs?
BlitzE34 said:
Stop talking rubbish. It was a 750il before now an M5. It seems like your whoring for attention, no ones impressed in what your thinking of getting in your imagination.
Got left 5k by a relative. M5 was in that budget, never said I was 100% getting one.I asked if it would be financial suicide and that the insurance was a lot less than I expected.
Also whoring for attention? What would I possibly gain by doing that?
Have a read ...
18 yr old with an E60 M5...
http://www.m5board.com/vbulletin/e60-m5-e61-m5-tou...
Be careful out there.
18 yr old with an E60 M5...
http://www.m5board.com/vbulletin/e60-m5-e61-m5-tou...
Be careful out there.
ecain63 said:
You only live once and life can be too short! Do it!!
I was diagnosed with colon cancer last month and Im only 32. Im not going to die, but its a good kick up the arse. In the past 6 years ive had a 510bhp Audi C5 RS6, 507bhp BMW E61 M5 and am now clowning around in the pantomime 520+bhp C63 AMG. Im really glad i didnt wait until i was 'old enough' to get into performance cars. Im just glad i was sensible enough to drive them properly and ask the right questions.
Ive always wanted my pilots license so thats where im headed next i reckon. Why wait!!
Sorry to hear that - I hope you make a speedy recovery!I was diagnosed with colon cancer last month and Im only 32. Im not going to die, but its a good kick up the arse. In the past 6 years ive had a 510bhp Audi C5 RS6, 507bhp BMW E61 M5 and am now clowning around in the pantomime 520+bhp C63 AMG. Im really glad i didnt wait until i was 'old enough' to get into performance cars. Im just glad i was sensible enough to drive them properly and ask the right questions.
Ive always wanted my pilots license so thats where im headed next i reckon. Why wait!!
M5 - get it if you can!! I would love a E60 M5 in the not to distant future.
Slow said:
Got left 5k by a relative. M5 was in that budget, never said I was 100% getting one.
I asked if it would be financial suicide and that the insurance was a lot less than I expected.
Also whoring for attention? What would I possibly gain by doing that?
Clue is in your title. The purchase price and fuel economy will be the least of your worries. E39 M5s are notoriously expensive to run especially cheap ones and they will ruin you financially.I asked if it would be financial suicide and that the insurance was a lot less than I expected.
Also whoring for attention? What would I possibly gain by doing that?
Posts like this show your immaturity.
"See for this tank problem everyone is talking about. Wouldnt fitting a fuel tank in the spare wheel well or the boot just be as good except you would lose abit of space?
Not going to ever be carrying a boot full of stuff i reckon."
BlitzE34 said:
Slow said:
Got left 5k by a relative. M5 was in that budget, never said I was 100% getting one.
I asked if it would be financial suicide and that the insurance was a lot less than I expected.
Also whoring for attention? What would I possibly gain by doing that?
Clue is in your title. The purchase price and fuel economy will be the least of your worries. E39 M5s are notoriously expensive to run especially cheap ones and they will ruin you financially.I asked if it would be financial suicide and that the insurance was a lot less than I expected.
Also whoring for attention? What would I possibly gain by doing that?
Posts like this show your immaturity.
"See for this tank problem everyone is talking about. Wouldnt fitting a fuel tank in the spare wheel well or the boot just be as good except you would lose abit of space?
Not going to ever be carrying a boot full of stuff i reckon."
I recently moved and now dont have to drive for work or shopping so fuel economy isnt a huge bill.
I earn a decent wage have no kids and cheap rent sharing a flat. I asked here if I could feasibly run a M5, never said I have to have one.
I owned an E39 M5 for 3.5 years (24k Miles) and all it cost me over and above servicing, was a set of rear tyres, a set of front brake pads, and a hedgehog sensor (£60)and a fair amount of fuel.. It is still one of my all time favourites and I miss it every day.. One of BMW's best cars ever a real bruiser. If you can you really should.
As an owner I would suggest you wait a few years.
Unless of course you have a couple of grand over and above the purchase price ready for maintenance- which a £5/6k car will almost definitely require.
Make no bones about it, these are not cheap to run and you don't want to be buying one with not much left in reserve and expecting to get along with just servicing.
Have a look at my profile to see what I've spent since June, add power steering hoses and diff seals in the near future, suspension work next year too as it's almost at 130k miles and could do with a refresh. Just prior to me buying it the previous owner had to fit a refurbished Vanos unit for around £900.
You could always scrimp, but then, what's the point?
Sourcing parts yourself can save a packet, but M car costs are still M car costs. See £240 for a water pump as opposed to £40/50 for a regular e39.
Don't get me wrong, it's epic, if you've got the money spare then fine, but if you don't...well, you get my drift.
Unless of course you have a couple of grand over and above the purchase price ready for maintenance- which a £5/6k car will almost definitely require.
Make no bones about it, these are not cheap to run and you don't want to be buying one with not much left in reserve and expecting to get along with just servicing.
Have a look at my profile to see what I've spent since June, add power steering hoses and diff seals in the near future, suspension work next year too as it's almost at 130k miles and could do with a refresh. Just prior to me buying it the previous owner had to fit a refurbished Vanos unit for around £900.
You could always scrimp, but then, what's the point?
Sourcing parts yourself can save a packet, but M car costs are still M car costs. See £240 for a water pump as opposed to £40/50 for a regular e39.
Don't get me wrong, it's epic, if you've got the money spare then fine, but if you don't...well, you get my drift.
Edited by Patrick Bateman on Monday 25th November 06:04
Just another owner echoing what Patrick said above.
I bought a 48000 miles M5 almost 3 years ago for £10000.
I genuinely believe you are looking at a couple of grand a year just to keep the thing right( I do 25000 miles a year)
If you can stomach that then hell yes go for it.
Personally, at 19 I'd have gone for an M3 if I'd been in the market, but either is a cracking bit of kit.
I bought a 48000 miles M5 almost 3 years ago for £10000.
I genuinely believe you are looking at a couple of grand a year just to keep the thing right( I do 25000 miles a year)
If you can stomach that then hell yes go for it.
Personally, at 19 I'd have gone for an M3 if I'd been in the market, but either is a cracking bit of kit.
I had an E39 M5 at 21. It was a blast!
But the running costs can creap into the thousands quickly.
My insurance was around £1400 for the year.
I'd say, just look for a good one. There are a lot that have been bought because they're cheap. Ran for 6/12 month without much if any maintenance and sold on again for cheap.
But the running costs can creap into the thousands quickly.
My insurance was around £1400 for the year.
I'd say, just look for a good one. There are a lot that have been bought because they're cheap. Ran for 6/12 month without much if any maintenance and sold on again for cheap.
Slow said:
The £500 for brakes isn't *that* bad as I wouldn't have fitting costs?
I just did my fronts - £350 or thereabouts for discs, pads and new brake sensor from ECP. Not stamped BMW parts but the same manufacturer so same discs in all other regards.Should be the same again (hopefully a bit less) for the rears - ignoring handbrake shoes.
So long as you go in eyes wide open - go for it. There is also not necessarily anything wrong with the 5-6k examples. I've seen lots of people on here stump up for the higher price bracket examples (including AUC cars) and the little issues they have with them are the same as you'll have on the cheaper cars so I'm not sure where the benefit is.
Various sensors and suspension components (as well as any bodywork tidying, especially rust) will be the money items. Brakes and clutch keep an eye on in terms of wear and tear.
The thing with the sensors and suspension is they won't affect the car actually driving unless things are spectacularly bad. You'll just get a percentage of the performance lost and / or a worse ride. You'll still get from a -> b in relative style until you get them sorted. Many, many things people spend on these cars aren't because of outright failure more a case of attempting to take it back to tip top condition. That's a good thing but it's a very different story than *having* to replace parts just to keep the car moving.
Get a facelift if you can just to scratch (most) vanos worries off the list.
If you're confident about spannering them yourself then there's much less reason not to. Only you will know about how daft you're going to be in one at your age - so be honest with yourself and take it from there..
ArmaghMan said:
Just another owner echoing what Patrick said above.
I bought a 48000 miles M5 almost 3 years ago for £10000.
I genuinely believe you are looking at a couple of grand a year just to keep the thing right( I do 25000 miles a year)
If you can stomach that then hell yes go for it.
Personally, at 19 I'd have gone for an M3 if I'd been in the market, but either is a cracking bit of kit.
What if he is doing alot less? Like me, mine has gone from doing 8k miles since July to 200 miles a month.I bought a 48000 miles M5 almost 3 years ago for £10000.
I genuinely believe you are looking at a couple of grand a year just to keep the thing right( I do 25000 miles a year)
If you can stomach that then hell yes go for it.
Personally, at 19 I'd have gone for an M3 if I'd been in the market, but either is a cracking bit of kit.
eztiger said:
I just did my fronts - £350 or thereabouts for discs, pads and new brake sensor from ECP. Not stamped BMW parts but the same manufacturer so same discs in all other regards.
Get a facelift if you can just to scratch (most) vanos worries off the list.
How did you get the fronts so cheap? I need to do mine.Get a facelift if you can just to scratch (most) vanos worries off the list.
The VANOS on my pre-facelift has the accumulator. Not all pre-facelifts have it. I paid £5500 for mine in July and aside from a few small bits of rust, it was in very good condition. Yes it needs a few parts now, and I've worked out thats going to come to around £800 (inc brakes).
Buy one, drive one, keep on top of it.
I find that even at 400bhp, its very well balanced and while I have had it sideways on a few occasions (private land sir!) its never bitten me.
Should you get one at 19? If the most powerful car you've owned is a FWD Datsun Cherry, I'd say probably not.
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