Discussion
So we had the thread about the E60 values, how do we see the values of E39 M5's going? I'm talking all types, from the rough to the low miles good condition examples.
I think they're on the up, looking around at the prices currently, but that is probably because there aren't all that many for sale at any one time?
What say you?
I think they're on the up, looking around at the prices currently, but that is probably because there aren't all that many for sale at any one time?
What say you?
With so much knowledge on forums now, many people are not afraid to tackle them in terms of DIY work, garage work etc. No longer do you have to go to a 'BMW expert' to get the car fixed.
From the outside, they look no more complicated than any other car from circa early 2000s period. All the diagnostic software, tooling etc etc is out there now and that will probably embolden people to tackle many things themselves.
That itself will firm prices up as people won't be scared of them anymore.
From the outside, they look no more complicated than any other car from circa early 2000s period. All the diagnostic software, tooling etc etc is out there now and that will probably embolden people to tackle many things themselves.
That itself will firm prices up as people won't be scared of them anymore.
I was looking at these up until a couple of months ago and pricing seems to be all over the place. I'd say that prices for all types of cars have probably bottomed out, but whether they are rising is hard to tell.
Based on personal experience, good ones seem thin on the ground. Also, as is to be expected with a car over 10 years old, low mileage ones are getting rare. I accept that milage isn't everything, but for people looking for a significant increase in value it's a big factor - no one seems to pay big money for a high mileage modern classic and values seem to bear that out - cars with over 60/70k seem to be significantly cheaper than ones below 60k.
It's an amazing car, but due to the relative rarity you might have to travel a fair distance to find one. I've given up actively looking, but if a nice one came up locally I'd be all over it. The chances of finding the perfect car seem to be dropping though.
For those that want a lower milage car, another factor is the rapidly dropping price of E90/92 M3s. Having driven both I'm very aware of the differences, but both appeal in slightly different ways. By the same token, the C63 AMG starts to look interesting. Based production numbers I'd not be surprised if a E90 M3 or C63 were at a similar price point by next summer - if compared to the low mileage M5 examples touted by Hexagon, Munich Legends, 4 Star Classics etc
Based on personal experience, good ones seem thin on the ground. Also, as is to be expected with a car over 10 years old, low mileage ones are getting rare. I accept that milage isn't everything, but for people looking for a significant increase in value it's a big factor - no one seems to pay big money for a high mileage modern classic and values seem to bear that out - cars with over 60/70k seem to be significantly cheaper than ones below 60k.
It's an amazing car, but due to the relative rarity you might have to travel a fair distance to find one. I've given up actively looking, but if a nice one came up locally I'd be all over it. The chances of finding the perfect car seem to be dropping though.
For those that want a lower milage car, another factor is the rapidly dropping price of E90/92 M3s. Having driven both I'm very aware of the differences, but both appeal in slightly different ways. By the same token, the C63 AMG starts to look interesting. Based production numbers I'd not be surprised if a E90 M3 or C63 were at a similar price point by next summer - if compared to the low mileage M5 examples touted by Hexagon, Munich Legends, 4 Star Classics etc
Bought mine this time last year, and after having a quick look around a few of the usual sites the prices seem stronger than this time last year. However it looked like there are quite a few mint low mile examples at dealers. I bought the third one I viewed, the first two were both dogs, the first of which had four flat bald tyres and none of the shut lines looked anywhere near close. The second was riddled with rust. Both of them had a high ticket price based on there actual condition, so although the current ticket prices seem higher are they actually being sold for anything like that?
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