E92 vs E60 M5/M6 running costs
Discussion
If either of the above were bought with warranty (bmw) would there be much difference in running costs on say 5k per year?
I'm after something mainly for weekend use for 3 people one being a small child. The older m5's/6's are a roughly 5k cheaper than the m3's if purchased from main dealers. I'm wondering what people's opinions are on the newer car vs the older ones and if the m3 is going to be a lot cheaper to live with.
Any opinions would be great! There is only one m5 and one m6 in my price range that has under 60k on them. Any opinions on those actual cars would be great!
I'm after something mainly for weekend use for 3 people one being a small child. The older m5's/6's are a roughly 5k cheaper than the m3's if purchased from main dealers. I'm wondering what people's opinions are on the newer car vs the older ones and if the m3 is going to be a lot cheaper to live with.
Any opinions would be great! There is only one m5 and one m6 in my price range that has under 60k on them. Any opinions on those actual cars would be great!
Fuel, tax and insurance are the only expenses you will have if you have an AUC prepped and warrantied car.
Mine had 3 new tyres, front new brake discs and pads, front end re-spray and oil and spark plug service doe to it. That alone was over £2000.
I even negotiated a 2 year warranty too.
My car has had its problems but they have been fixed under warranty which has not cost me a penny. My sanity, yes but not my money
Mine had 3 new tyres, front new brake discs and pads, front end re-spray and oil and spark plug service doe to it. That alone was over £2000.
I even negotiated a 2 year warranty too.
My car has had its problems but they have been fixed under warranty which has not cost me a penny. My sanity, yes but not my money
I've run two M5's for the last five years, I think the M3 can / will be easier on the wallet in regards to fuel. I get 250ish miles per tank on my daily commute, 350ish miles on a longer run - but if I drive like a t
t then those figures will soon drop, for a 5 litre car of that vintage I don't think that's too unreasonable...
I don't think there will be a huge amount of difference in servicing costs, however it always helps if you source parts / consumables yourself. When looking at a car check the service schedule so you get an idea of when the big bills will be coming though, discs / pads front and rear can be fitted for under £1200 if you source the parts yourself. Buy oil in bulk from Opie or Euro Car Parts in their weekly 50% sales.
Coming out of warranty will likely be expensive, if you plan to own the car for a number of years you need to think about this carefully. Keeping the warranty going beyond 60k is very, very expensive if you don't get on the monthly plan before 60k. Everyone has their own opinion on this but unless you can bank 2-3k for problems then I wouldn't entertain running one without a warranty - in the last couple of months I've had a failed DSC module and boot latch replaced @ £2,200ish and am going in tomorrow with suspected throttle actuator wear (happen on my previous M5 too) which is going to be another £2,500ish should both banks need replacing.
Personally, I'd go with and LCI'd M5/6 (most 07 plates on onwards) Nothing wrong with the M3 (I had two e46s' for five years before the M5's) I've hankered for an e92 for a while but I could never make the man maths work over the M5 as the cost of change was / is significantly more like for like on age / spec / mileage.
t then those figures will soon drop, for a 5 litre car of that vintage I don't think that's too unreasonable...I don't think there will be a huge amount of difference in servicing costs, however it always helps if you source parts / consumables yourself. When looking at a car check the service schedule so you get an idea of when the big bills will be coming though, discs / pads front and rear can be fitted for under £1200 if you source the parts yourself. Buy oil in bulk from Opie or Euro Car Parts in their weekly 50% sales.
Coming out of warranty will likely be expensive, if you plan to own the car for a number of years you need to think about this carefully. Keeping the warranty going beyond 60k is very, very expensive if you don't get on the monthly plan before 60k. Everyone has their own opinion on this but unless you can bank 2-3k for problems then I wouldn't entertain running one without a warranty - in the last couple of months I've had a failed DSC module and boot latch replaced @ £2,200ish and am going in tomorrow with suspected throttle actuator wear (happen on my previous M5 too) which is going to be another £2,500ish should both banks need replacing.
Personally, I'd go with and LCI'd M5/6 (most 07 plates on onwards) Nothing wrong with the M3 (I had two e46s' for five years before the M5's) I've hankered for an e92 for a while but I could never make the man maths work over the M5 as the cost of change was / is significantly more like for like on age / spec / mileage.
I know everyone will tell you to get a warranty but I've had zero reliability problems with my M5, and wasted £600 on the Mondial warranty. However it is absolutely imperative to check what has been done on the car, get one which has all the common issues fixed (clutch, SMG pump, throttle actuator). Unless you're buying AUC or with a warranty, do not get one which has not had these done because you will be looking at well over 4 figure bills.
Don't just look at the bottom line price either, things like brake discs/pads all around are £1-1.5k, tyres £1k, oil/plugs £600-800 so factor those in.
Don't just look at the bottom line price either, things like brake discs/pads all around are £1-1.5k, tyres £1k, oil/plugs £600-800 so factor those in.
A bit off topic, but just wondering how you achieve 350-ish miles to a tank in your M5, CSLchappie? My long-term average over the last 18 months or so, according to the trip computer in my E61 M5 is standing at 15.9 mpg and the best tank range I ever achieved was around 280 miles driving on the deserted autoroutes in northern France (usually I get 220-250 miles). Any tips?
ss1977 said:
A bit off topic, but just wondering how you achieve 350-ish miles to a tank in your M5, CSLchappie? My long-term average over the last 18 months or so, according to the trip computer in my E61 M5 is standing at 15.9 mpg and the best tank range I ever achieved was around 280 miles driving on the deserted autoroutes in northern France (usually I get 220-250 miles). Any tips?
350 miles for a 70L tank is 23mpg which is easily achievable on the motorway at 70mph.On a deserted motorway with cruise set at 60mph I've even seen this:
)edition said:
And what are peoples thoughts on the ones the main dealers have in stock at the moment?
Only two in my budget with under 60k miles, one m6 with no spec and one m5 again lowish spec.....
I would say wait or widen your search.Only two in my budget with under 60k miles, one m6 with no spec and one m5 again lowish spec.....
I also cannot stress this enough; do not buy without AUC warranty. You CAN negotiate 2 years FOC as well if you play hard ball.
I have had my e60 m5 for over a year and had absolutely no problems with it at all. Its used as a second car and does around 3k miles a year so running costs don't really matter.
On another note I will be putting it up for sale this weekend so if anyone is interested just drop me an email whitefordrs@aol.com. Car is pristine 30k miles, auc warranty and massive spec. 18.500 which I think is very fair
On another note I will be putting it up for sale this weekend so if anyone is interested just drop me an email whitefordrs@aol.com. Car is pristine 30k miles, auc warranty and massive spec. 18.500 which I think is very fair
Use my e61 daily
Go in with your eyes open
Supercar noise and almost performance means almost supercar running costs.
Mines had discs and pads, fortunately just before I bought it, abs sensors and a dsc unit......£3k for these fortunately under warranty.
Known to by SWMBO as George, as in Best, as it likes a drink. Around the doors don't expect anything above 15mpg. On the motorway driving sensibly and keeping up with the traffic, not driving with the trucks no more than 23-25.
Worth it though.
Go in with your eyes open
Supercar noise and almost performance means almost supercar running costs.
Mines had discs and pads, fortunately just before I bought it, abs sensors and a dsc unit......£3k for these fortunately under warranty.
Known to by SWMBO as George, as in Best, as it likes a drink. Around the doors don't expect anything above 15mpg. On the motorway driving sensibly and keeping up with the traffic, not driving with the trucks no more than 23-25.
Worth it though.
I understand these are fast cars but the effort that goes into owning one is ridiculous. Warranties, worries of big bills, constantly in the garage, talk of cruising at 60mph to save fuel, 250 miles to a tank (petrol station every other day), all the faults etc. plus, the joke is now that you're in the 50mph average speed zones on the motorway just like everyone else!
I salute you for your efforts but aren't these second cars now rather than daily drivers?
I know I'm going to get a bashing (and perhaps rightly so!), but id prefer a new diesel that wont break down, that is just as quick in the real world and that doesn't need to stop at every other motorway services for fuel!! Plus, saving half on fuel bills is a bonus but its not even about the fuel.
(Prepares to get flamed!)
I salute you for your efforts but aren't these second cars now rather than daily drivers?
I know I'm going to get a bashing (and perhaps rightly so!), but id prefer a new diesel that wont break down, that is just as quick in the real world and that doesn't need to stop at every other motorway services for fuel!! Plus, saving half on fuel bills is a bonus but its not even about the fuel.
(Prepares to get flamed!)
All depends on budgets and what you class worthwhile expenditure for a hobby.
There is no way I'm wanting a diesel for my hobby car, I checked the car I'm wanting to trade and I've only done 2.5k miles in a year so the fuel is pretty much no issues. It wouldn't be a car that I'm trying to improve mpg.
My main concerns are big bills that are not mileage related... I.e just random huge bills and things that are going to spoil the experience.
I think an m3 would prob. be a more sensible choice but suffer more in depreciation. My main worry with the m5 is things that would fail and not be covered with the fully comp bm warranty.
There is no way I'm wanting a diesel for my hobby car, I checked the car I'm wanting to trade and I've only done 2.5k miles in a year so the fuel is pretty much no issues. It wouldn't be a car that I'm trying to improve mpg.
My main concerns are big bills that are not mileage related... I.e just random huge bills and things that are going to spoil the experience.
I think an m3 would prob. be a more sensible choice but suffer more in depreciation. My main worry with the m5 is things that would fail and not be covered with the fully comp bm warranty.
edition said:
My main worry with the m5 is things that would fail and not be covered with the fully comp bm warranty.
Well I think the clutch is the only thing you have to worry about that might be classed as wear and tear and not covered by the AUC or Mondial warranty. Therefore get one which has had the clutch done recently.jonah35 said:
I understand these are fast cars but the effort that goes into owning one is ridiculous. Warranties, worries of big bills, constantly in the garage, talk of cruising at 60mph to save fuel, 250 miles to a tank (petrol station every other day), all the faults etc. plus, the joke is now that you're in the 50mph average speed zones on the motorway just like everyone else!
I salute you for your efforts but aren't these second cars now rather than daily drivers?
I know I'm going to get a bashing (and perhaps rightly so!), but id prefer a new diesel that wont break down, that is just as quick in the real world and that doesn't need to stop at every other motorway services for fuel!! Plus, saving half on fuel bills is a bonus but its not even about the fuel.
(Prepares to get flamed!)
You sound just like my dad I salute you for your efforts but aren't these second cars now rather than daily drivers?
I know I'm going to get a bashing (and perhaps rightly so!), but id prefer a new diesel that wont break down, that is just as quick in the real world and that doesn't need to stop at every other motorway services for fuel!! Plus, saving half on fuel bills is a bonus but its not even about the fuel.
(Prepares to get flamed!)
edition said:
All depends on budgets and what you class worthwhile expenditure for a hobby.
There is no way I'm wanting a diesel for my hobby car, I checked the car I'm wanting to trade and I've only done 2.5k miles in a year so the fuel is pretty much no issues. It wouldn't be a car that I'm trying to improve mpg.
My main concerns are big bills that are not mileage related... I.e just random huge bills and things that are going to spoil the experience.
I think an m3 would prob. be a more sensible choice but suffer more in depreciation. My main worry with the m5 is things that would fail and not be covered with the fully comp bm warranty.
Been in your shoes so perfectly understand where you are coming from There is no way I'm wanting a diesel for my hobby car, I checked the car I'm wanting to trade and I've only done 2.5k miles in a year so the fuel is pretty much no issues. It wouldn't be a car that I'm trying to improve mpg.
My main concerns are big bills that are not mileage related... I.e just random huge bills and things that are going to spoil the experience.
I think an m3 would prob. be a more sensible choice but suffer more in depreciation. My main worry with the m5 is things that would fail and not be covered with the fully comp bm warranty.
Personally I'd go for the E9x M3 myself (get a Comp Pack if budget allows). Negotiate 2 year AUC for peace of mind and if keeping after 2 years get the extended warranty. During my short (9 months ownership) I'd already needed the warranty; throttle actuator failed which is a common problem. AFAIK there are not many random huge bills with the E9x M3s.
Running costs are not cheap but that's expected for a car like the M3.
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