E39 M5 "values"
Discussion
They appear to have just suddenly gone up.
I know the advertised price doesn't mean it's worth that, but if everyone raises their prices then one of two things will happen:
People will pay them
The cars will remain unsold.
I've just been looking on the old autotrader and saw cars that 2 years ago would have been under £6k going for nigh on £10k
I refuse to believe that my M5 is worth £10k even when the little bits of bodywork are tidied up, but if I sold it then I'd be a fool not to advertise it at £10k
The prices being asked for some of these cars does seem crazy!
I know the advertised price doesn't mean it's worth that, but if everyone raises their prices then one of two things will happen:
People will pay them
The cars will remain unsold.
I've just been looking on the old autotrader and saw cars that 2 years ago would have been under £6k going for nigh on £10k
I refuse to believe that my M5 is worth £10k even when the little bits of bodywork are tidied up, but if I sold it then I'd be a fool not to advertise it at £10k
The prices being asked for some of these cars does seem crazy!
I know what you mean, I'm probably moving mine on later this year and have recently had a look round. I noticed that prices seemed high, but as we all know the window price differs from the actual sale price. There also doesn't seem to be many about compared to when I got mine a couple of years ago.
Are people holding on to them hoping to make a few quid?
Are people holding on to them hoping to make a few quid?
Depthhoar said:
TheAngryDog said:
I refuse to believe that my M5 is worth £10k
......I'll give you £5k for it. Go on, Mike, 'old aat yer 'and...!
I reckon my car is worth a bit more than what I paid for it, but not much, maybe £400 more.
I'll concede that once the bits of bodywork have been done and the rod bearings and Timing Chain guides / Vanos spring plates etc have been done then I'd not take less than £12k for it. I think that would be a fair valuation
I have been looking for ages for one and I have noticed the same thing, I can understand the cars with low miles on them, but not the ones with 130k. Many seem to be in the same location with pictures in a car park, which puts me off a bit. There are hardly any private ones for sale.
I guess I will just have to wait.
I guess I will just have to wait.
nwates said:
Likewise I am on the look out for a low mileage car and they are very sought after right now .
I don't mind some miles on the car, I want to use it daily and not tuck it away for someone else to enjoy in the future. I don't really agree that a car with 140k on it is an 'appreciating classic, great investment potential'. Great cars though
I guess it's a simple demand/supply issue.
It's a highly regarded car; some see it as the finest M5 and it is the last of the 'analogue' M5's. Desirability is therefore present.
Low mileage, well maintained models are likely to appreciate and thus values are shifting quickly. These are quite rare.
Higher mileage, but well loved examples, remain an appealing ownership proposition because the e39 was so well designed and there are lots of examples of owners using them as dailies with well over 200k on them. However, to qualify as this, most will have needed at least one full suspension refresh, remedial corrosion work, cooling system attention, clutch/driveshaft/diff work, possible big end bearing shells and chain guides, etc. These are all hefty expenses and cars that have had them done have to be worth a good chunk north of £10k. I think such cars are selling; those that hang around are probably not in as good condition as the adverts make out.
Less well maintained high mileage examples are rapidly falling away because the cost of restoration can far exceed the restored value. This means less cars on the market, pushing up the price of those that remain.
It's a highly regarded car; some see it as the finest M5 and it is the last of the 'analogue' M5's. Desirability is therefore present.
Low mileage, well maintained models are likely to appreciate and thus values are shifting quickly. These are quite rare.
Higher mileage, but well loved examples, remain an appealing ownership proposition because the e39 was so well designed and there are lots of examples of owners using them as dailies with well over 200k on them. However, to qualify as this, most will have needed at least one full suspension refresh, remedial corrosion work, cooling system attention, clutch/driveshaft/diff work, possible big end bearing shells and chain guides, etc. These are all hefty expenses and cars that have had them done have to be worth a good chunk north of £10k. I think such cars are selling; those that hang around are probably not in as good condition as the adverts make out.
Less well maintained high mileage examples are rapidly falling away because the cost of restoration can far exceed the restored value. This means less cars on the market, pushing up the price of those that remain.
Edited by csampo on Friday 8th January 10:57
csampo said:
I guess it's a simple demand/supply issue.
It's a highly regarded car; some see it as the finest M5 and it is the last of the 'analogue' M5's. Desirability is therefore present.
Low mileage, well maintained models are likely to appreciate and thus values are shifting quickly. These are quite rare.
Higher mileage, but well loved examples, remain an appealing ownership proposition because the e39 was so well designed and there are lots of examples of owners using them as dailies with well over 200k on them. However, to qualify as this, most will have needed at least one full suspension refresh, remedial corrosion work, cooling system attention, clutch/driveshaft/diff work, possible big end bearing shells and chain guides, etc. These are all hefty expenses and cars that have had them done have to be worth a good chunk north of £10k. I think such cars are selling; those that hang around are probably not in as good condition as the adverts make out.
Less well maintained high mileage examples are rapidly falling away because the cost of restoration can far exceed the restored value. This means less cars on the market, pushing up the price of those that remain.
My own car is in this camp. 134k miles facelift but the suspension work has all been done save for the shocks and springs, which are getting done, rust work is getting done and the rod bearings and Timing Chain guides and vanos work is being done. Once done I wouldn't take less than £12500 for it and I think I would be justified in asking that personally, not that I will be selling mind though everything always has a price It's a highly regarded car; some see it as the finest M5 and it is the last of the 'analogue' M5's. Desirability is therefore present.
Low mileage, well maintained models are likely to appreciate and thus values are shifting quickly. These are quite rare.
Higher mileage, but well loved examples, remain an appealing ownership proposition because the e39 was so well designed and there are lots of examples of owners using them as dailies with well over 200k on them. However, to qualify as this, most will have needed at least one full suspension refresh, remedial corrosion work, cooling system attention, clutch/driveshaft/diff work, possible big end bearing shells and chain guides, etc. These are all hefty expenses and cars that have had them done have to be worth a good chunk north of £10k. I think such cars are selling; those that hang around are probably not in as good condition as the adverts make out.
Less well maintained high mileage examples are rapidly falling away because the cost of restoration can far exceed the restored value. This means less cars on the market, pushing up the price of those that remain.
Edited by csampo on Friday 8th January 10:57
The thing with something like that commanding a huge premium is that the components are still 12-13 years old.
Original suspension? VANOS still untouched? Cooling system?
Do people think buying one like that will mean massively reduced running costs for a significant time period or is a lot of the above still to come in the not too distant future despite the huge premium?
For example, I've just had a complete VANOS overhaul and replaced the majority of the suspension in 2014 (among a s
tload of other stuff 
) so a potential buyer wouldn't have too much to worry about in those departments but my car is likely worth around £7k.
How would the bills over the next 20k miles between the 2 cars compare? Would be interesting to know.
Original suspension? VANOS still untouched? Cooling system?
Do people think buying one like that will mean massively reduced running costs for a significant time period or is a lot of the above still to come in the not too distant future despite the huge premium?
For example, I've just had a complete VANOS overhaul and replaced the majority of the suspension in 2014 (among a s
tload of other stuff ) so a potential buyer wouldn't have too much to worry about in those departments but my car is likely worth around £7k.How would the bills over the next 20k miles between the 2 cars compare? Would be interesting to know.
Patrick Bateman said:
The thing with something like that commanding a huge premium is that the components are still 12-13 years old.
Original suspension? VANOS still untouched? Cooling system?
Do people think buying one like that will mean massively reduced running costs for a significant time period or is a lot of the above still to come in the not too distant future despite the huge premium?
For example, I've just had a complete VANOS overhaul and replaced the majority of the suspension in 2014 (among a stload of other stuff ) so a potential buyer wouldn't have too much to worry about in those departments but my car is likely worth around £7k.
How would the bills over the next 20k miles between the 2 cars compare? Would be interesting to know.
IOriginal suspension? VANOS still untouched? Cooling system?
Do people think buying one like that will mean massively reduced running costs for a significant time period or is a lot of the above still to come in the not too distant future despite the huge premium?
For example, I've just had a complete VANOS overhaul and replaced the majority of the suspension in 2014 (among a s
tload of other stuff ) so a potential buyer wouldn't have too much to worry about in those departments but my car is likely worth around £7k.How would the bills over the next 20k miles between the 2 cars compare? Would be interesting to know.
How many miles is your car on? After all the work you have done I'd be surprised at such a low value
Patrick Bateman said:
TheAngryDog said:
How many miles is your car on? After all the work you have done I'd be surprised at such a low value
Coming up for 152k.I'd like to agree with you but it's hard to tell as I'm not sure what a lot of them are selling for as opposed to being advertised for.
If you look at what's happened to the price of similar late 90's / early 2000's cars - and by similar I mean analogue, fast, feted by magazines (I remember an article in Autocar from 1999(ish) comparing a Ferrari 348 and an E39 M5 cross country and), expensive to buy and more expensive to run, then I would be surprised if E39 M5 prices HAD stayed the same.
At £6k there were plenty around two years ago, those days are long gone.
The price of contemporary modern classic sports cars to the M5 have all shot up (asking price and sale) - 996 Turbo / GT3 / 928's (a few for sale at £50k!) NSX / all modern Ferrari's etc. The E39 M5 is slowly following the trend. Look at the price of E36 M3's - weren't they sub £5k a while ago?
My guess is that as people are being priced out of what were just about affordable cars two years ago (for example £25k 996turbo) then the M5 looks like a bargain.
The cost of maintaining my M5 has been a bit eye watering, the cost of parts (for example discs / pads) being more than for a Porsche. I expect that people who have spent serious money keeping their M5's in good condition aren't going to let them go for the price of a suspension refresh, a new set of discs / pads and tyres! Buyers will appreciate this.
Finally, the E60 M5 with it's 7mpg and cost of repairs surely makes the E39 M5 the BMW super saloon of choice.
At £6k there were plenty around two years ago, those days are long gone.
The price of contemporary modern classic sports cars to the M5 have all shot up (asking price and sale) - 996 Turbo / GT3 / 928's (a few for sale at £50k!) NSX / all modern Ferrari's etc. The E39 M5 is slowly following the trend. Look at the price of E36 M3's - weren't they sub £5k a while ago?
My guess is that as people are being priced out of what were just about affordable cars two years ago (for example £25k 996turbo) then the M5 looks like a bargain.
The cost of maintaining my M5 has been a bit eye watering, the cost of parts (for example discs / pads) being more than for a Porsche. I expect that people who have spent serious money keeping their M5's in good condition aren't going to let them go for the price of a suspension refresh, a new set of discs / pads and tyres! Buyers will appreciate this.
Finally, the E60 M5 with it's 7mpg and cost of repairs surely makes the E39 M5 the BMW super saloon of choice.
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