High mile f10 m5......what's it worth?

High mile f10 m5......what's it worth?

Author
Discussion

turboman786

Original Poster:

1,053 posts

186 months

Monday 10th November 2014
quotequote all
A friend of mine is selling his f10 m5 and has offered me first refusal on it

I really don't know where to pitch a sensible offer in light of the high miles on the car

Basic details of car

61 reg
Black/black
80k miles with fbmwsh(just had a £1500 service and rear tyres)
Multifunction seats
Soft close doors
Rear camera
Harmon kardon

The car is in mint condition and all the miles are commuting on the M1.....a total waste of an m5!

He's owned it from new and is looking to get a new m5

What's this car worth oh good folk of ph?

Shaoxter

4,048 posts

123 months

Monday 10th November 2014
quotequote all
£30k? I would be reluctant to offer mid 30's considering £40k probably gets you in one with a quarter of those miles.

But why the hell is your friend getting a "new" M5 only to spunk another £30k on depreciation + fuel trundling up and down a motorway??

IATM

3,779 posts

146 months

Monday 10th November 2014
quotequote all
I think 30k is actually a good offer. You have to keep in mind, even if you done 10k miles on it, who is going to to want a potentially 5 year old m5 with 90k on the clock. I would say not many.

If it was me id be offering 26-27k. but most would probably say no to that,
Id rather pay extra and get a low millage.


turboman786

Original Poster:

1,053 posts

186 months

Monday 10th November 2014
quotequote all
Shaoxter said:
£30k? I would be reluctant to offer mid 30's considering £40k probably gets you in one with a quarter of those miles.

But why the hell is your friend getting a "new" M5 only to spunk another £30k on depreciation + fuel trundling up and down a motorway??
He likes his cars and has got money so he likes to buy cars he likes.......a 535d would make perfect sense but m5 for him

I think £30k is taking the mick a bit.....the cheapest m5 on autotrader is close to £39k with 56k miles.......with a haggle it's probably £37k.........23k miles doesn't take 7k off the value I don't think.....

I was looking to offer him £32-33.......but tbh not sure if I want it as it will be hard to sell on

Pferdestarke

7,179 posts

186 months

Monday 10th November 2014
quotequote all
You're not sure. So don't.

That's a lot of miles for a young M5.

Shaoxter

4,048 posts

123 months

Tuesday 11th November 2014
quotequote all
turboman786 said:
the cheapest m5 on autotrader is close to £39k with 56k miles.......with a haggle it's probably £37k
That's just an asking price and I don't see why anybody would pay that much when you consider there's 20k miles examples around for only 5-10% more. Although it does have a nice plate if that's included in the sale...

I'd only bid what you'd feel is a good deal - sure the 80k have been on a motorway but you're going to have trouble selling it on after a couple of years and it's nearing 100k. Give it a year and low mileage examples will be near £32-33k anyway.

burwoodman

18,709 posts

245 months

Tuesday 11th November 2014
quotequote all
Pferdestarke said:
You're not sure. So don't.

That's a lot of miles for a young M5.
I agree even though clearly low stress motorway miles. Bet it drives like new. Still, I wouldn't touch it unless it was really cheap. £28K cheap. When it's north of 100k you won't be able to get more than 20k

pjv997

648 posts

181 months

Tuesday 11th November 2014
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I think it depends on whether you fancy the car for a year or so or think you might keep it longer term.

If the latter and you are happy with it's condition and the price, then the mileage is less of an issue.

However, if you want to take the extended warranty, is the mileage going to impact the price you pay for the warranty?

I seem to recall a lot of comment about E60 M5's, paying warranty by monthly direct debit and the 60,000 mile threshold. My F10 is just approaching 3 years old (40K miles) and I will have to start looking at the extended warranty over the next few weeks as I plan to hold on to it for a couple more years.

ant123456

139 posts

166 months

Tuesday 11th November 2014
quotequote all
Offer what ever the Px price is against a new car. Simples

W8PMC

3,345 posts

237 months

Tuesday 11th November 2014
quotequote all
I think WBAC is the benchmark nowadays so stick the Reg into their website & see what they offer. If the car is mint then offer a touch more than their price as it's less hassle for your mate to sell to you than deal with the great unwashed.

Cemesis

771 posts

161 months

Wednesday 12th November 2014
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I've been looking at F10 M5's on and off and the higher mileage cars don't seem to be selling. When you can get half the mileage for 10% more, most do...

andyeds1234

2,277 posts

169 months

Wednesday 12th November 2014
quotequote all
I'm guessing trade would bid about 27k, so 30k would be a good deal for both sides.

e21Mark

16,205 posts

172 months

Wednesday 12th November 2014
quotequote all
ant123456 said:
Offer what ever the Px price is against a new car. Simples
This. Assuming that's what he'll be doing if you don't buy it anyway?



Froomee

1,418 posts

168 months

Wednesday 12th November 2014
quotequote all
e21Mark said:
ant123456 said:
Offer what ever the Px price is against a new car. Simples
This. Assuming that's what he'll be doing if you don't buy it anyway?
+ some beer tokens 😉

BobSaunders

3,027 posts

154 months

Thursday 13th November 2014
quotequote all
Mine's low end 19k on a 12 plate. The dealer offered me 38k when i desperately needed some cash - i said "no no no" and sold a kidney instead.

turboman786

Original Poster:

1,053 posts

186 months

Thursday 13th November 2014
quotequote all
BobSaunders said:
Mine's low end 19k on a 12 plate. The dealer offered me 38k when i desperately needed some cash - i said "no no no" and sold a kidney instead.
Yours must be worth c £44k?

Crazy4557

671 posts

193 months

Thursday 13th November 2014
quotequote all
Mines' 16k and 12 plate and was bid £36k in part ex for an M6 at £67k....Dealer was surprised I didn't go for it!

I'd like to see £40k for it which I think is what it's worth.