BMW AUC E60 M5 prices
Discussion
Vroomer said:
Non-AUC E60 M5s are a potential financial nightmare. Only the very brave or foolish will buy them in a couple of years time.
I don't agree... If you want to insure your car against major repair bills by getting the warranty then thats fine, but like any insurance Im pretty sure the warranty cost is based on claim statistics.If it PROVES that on average all M5's have loads of failures and cost 5k a year in repairs then the premium will be 5.5k!
With a run-of-the-mill car it's not worth having a warranty because huge bills are unlikely.
With an E60 M5, if something goes wrong it's likely to be disproportionately expensive to fix.
As I said, you have to be brave or foolish to spend £12k on a car that could quite easily land you with a repair bill approaching half the value of the car.
With an E60 M5, if something goes wrong it's likely to be disproportionately expensive to fix.
As I said, you have to be brave or foolish to spend £12k on a car that could quite easily land you with a repair bill approaching half the value of the car.
Vroomer said:
With a run-of-the-mill car it's not worth having a warranty because huge bills are unlikely.
With an E60 M5, if something goes wrong it's likely to be disproportionately expensive to fix.
As I said, you have to be brave or foolish to spend £12k on a car that could quite easily land you with a repair bill approaching half the value of the car.
You could apply that to any performance car.With an E60 M5, if something goes wrong it's likely to be disproportionately expensive to fix.
As I said, you have to be brave or foolish to spend £12k on a car that could quite easily land you with a repair bill approaching half the value of the car.
For instance there are plenty of people buying Porsche Boxsters, older 996 generation 911s, even the 997 in some cases which have potential issues with scored cyclinder bores which could cost the owner several thousands of pounds to repair.
Not every car will be affected by a catastrophic failure, if you read forums regularly you end up getting a skewed view as most people post to complain when something goes wrong.
The best way is to minimize the risk to your wallet, either through a manufacturer warranty, idependent warranty or using a reputable specialist who can offer a maintenance plan.
I'd be quite happy if mine is worth 12k in 3 years . My 535d lost 14k in 3 years so my M5 will be (slightly) cheaper !!
With regard to financial risk - brakes , tyres , clutch ( not covered if wear and tear by BMW anyway ) ?Most are probably now 2nd cars running low miles p.a so consumables should last relatively long .
Not heard of many engine issues ( unlike e39 m5 vanos )(There's a v10 engine on ebay for £1k ....) , electrics are as per other e60's .
They were a £60/70k car when new so will never be cheap but a lot of scaremongering about long-term financial worry .
ps I hate the Autocar type " buy a X for £2.50 " reviews they do - when you read what you can buy for the headline figure there are always reasons - spec , history , colour, etc etc
With regard to financial risk - brakes , tyres , clutch ( not covered if wear and tear by BMW anyway ) ?Most are probably now 2nd cars running low miles p.a so consumables should last relatively long .
Not heard of many engine issues ( unlike e39 m5 vanos )(There's a v10 engine on ebay for £1k ....) , electrics are as per other e60's .
They were a £60/70k car when new so will never be cheap but a lot of scaremongering about long-term financial worry .
ps I hate the Autocar type " buy a X for £2.50 " reviews they do - when you read what you can buy for the headline figure there are always reasons - spec , history , colour, etc etc
Vroomer said:
With a run-of-the-mill car it's not worth having a warranty because huge bills are unlikely.
With an E60 M5, if something goes wrong it's likely to be disproportionately expensive to fix.
As I said, you have to be brave or foolish to spend £12k on a car that could quite easily land you with a repair bill approaching half the value of the car.
using this logic there are a lot of fools buying porsche's, merc's, ferraris etc etc... why should BMW's be any different?With an E60 M5, if something goes wrong it's likely to be disproportionately expensive to fix.
As I said, you have to be brave or foolish to spend £12k on a car that could quite easily land you with a repair bill approaching half the value of the car.
from what I have seen the M5 is actually a very well built car that isnt as unreliable as people claim.... how many ferrari 360 or lambos with similar performance could do the same mileage?
andygtt said:
using this logic there are a lot of fools buying porsche's, merc's, ferraris etc etc... why should BMW's be any different?
from what I have seen the M5 is actually a very well built car that isnt as unreliable as people claim.... how many ferrari 360 or lambos with similar performance could do the same mileage?
Prices of old 996s are on the floor (£9k) because of repair concerns, but I've never seen a Ferrari 360 or Lambo for £12k!from what I have seen the M5 is actually a very well built car that isnt as unreliable as people claim.... how many ferrari 360 or lambos with similar performance could do the same mileage?
Vroomer said:
With an E60 M5, if something goes wrong it's likely to be disproportionately expensive to fix.
As I said, you have to be brave or foolish to spend £12k on a car that could quite easily land you with a repair bill approaching half the value of the car.
Perhaps expensive on the M5 specific bits but the rest would surely be the same as a humble 520d ?As I said, you have to be brave or foolish to spend £12k on a car that could quite easily land you with a repair bill approaching half the value of the car.
Not brave or foolish - the value to buy is a bargain relative to what else your money buys (if you want the performance etc ) but 500 bhp will never be cheap . Brave or foolish if you think it should be .....
In what ways are E60 m5's unreliable ( specific to the M5) ??
ds666 said:
Perhaps expensive on the M5 specific bits but the rest would surely be the same as a humble 520d ?
Not brave or foolish - the value to buy is a bargain relative to what else your money buys (if you want the performance etc ) but 500 bhp will never be cheap . Brave or foolish if you think it should be .....
In what ways are E60 m5's unreliable ( specific to the M5) ??
Find me a bit (asside from the obvious stuff like the doors) thats the same as the 520d and you can have your cake and eat it. There aint much on the M5 that relates to any other BMW. Not brave or foolish - the value to buy is a bargain relative to what else your money buys (if you want the performance etc ) but 500 bhp will never be cheap . Brave or foolish if you think it should be .....
In what ways are E60 m5's unreliable ( specific to the M5) ??
I agree, the warranty isnt for everyone but the argument is that most people would rather spend £1k per year for 2 or 3 years and have nothing go wrong, but have peace of mind than not pay the premium and have a massive, avoidable bill that would far outwiegh the cost of the warranty. Ive claimed £4.5k on my warranty in 15 months. Thats equivalent to over 4 years of cover. Its a no brainer in my opinion.
Eddie
I agree Eddie, I was happy to pay a reasonable price for a car with AUC warranty. I think it also depends on your mileage, personally I spread mine over a few cars and none of them does more than 3-8k miles per year. As such the warranty may be expensive for me but I'm happy to pay for it.
I think if you bought a 5-7 year old M5 and expected to do 20k a year without a warranty that might work out pretty expensive.
I'd also contend that the maintenance prices I've looked are often less than what I've been spending on equivalent parts to keep my Evo on the road. Granted some are more and the condition based service will surely help here with a mileage expectation of around 6k a year.
Regards
Fred
I think if you bought a 5-7 year old M5 and expected to do 20k a year without a warranty that might work out pretty expensive.
I'd also contend that the maintenance prices I've looked are often less than what I've been spending on equivalent parts to keep my Evo on the road. Granted some are more and the condition based service will surely help here with a mileage expectation of around 6k a year.
Regards
Fred
Vroomer said:
andygtt said:
using this logic there are a lot of fools buying porsche's, merc's, ferraris etc etc... why should BMW's be any different?
from what I have seen the M5 is actually a very well built car that isnt as unreliable as people claim.... how many ferrari 360 or lambos with similar performance could do the same mileage?
Prices of old 996s are on the floor (£9k) because of repair concerns, but I've never seen a Ferrari 360 or Lambo for £12k!from what I have seen the M5 is actually a very well built car that isnt as unreliable as people claim.... how many ferrari 360 or lambos with similar performance could do the same mileage?
The 996 isnt the only car porsche make and that particular model actually has very significant engine issues that have cost the owners a fortune? so IMO its hardly comparable to the M5 which when you get past the smoke and mirrors its actually a reliable and strong car.
When you compare the M5 to its piers its definately not more expensive to maintain, repair or run!
cheaper to buy though!!!! so again I don't agree that people buying them without a warranty would be fools!!
ecain63 said:
Find me a bit (asside from the obvious stuff like the doors) thats the same as the 520d and you can have your cake and eat it. There aint much on the M5 that relates to any other BMW.
I agree, the warranty isnt for everyone but the argument is that most people would rather spend £1k per year for 2 or 3 years and have nothing go wrong, but have peace of mind than not pay the premium and have a massive, avoidable bill that would far outwiegh the cost of the warranty. Ive claimed £4.5k on my warranty in 15 months. Thats equivalent to over 4 years of cover. Its a no brainer in my opinion.
Eddie
If every car covered by the warranty has claims of 4.5k a year then the premiums will go up.I agree, the warranty isnt for everyone but the argument is that most people would rather spend £1k per year for 2 or 3 years and have nothing go wrong, but have peace of mind than not pay the premium and have a massive, avoidable bill that would far outwiegh the cost of the warranty. Ive claimed £4.5k on my warranty in 15 months. Thats equivalent to over 4 years of cover. Its a no brainer in my opinion.
Eddie
other than the clutch (which isn't usually covered) and tailgate what else went wrong?
I do completely understand why people go the warranty route, I have mates who would never buy a car like this without one... but in the years I've owned cars like this the only one thats cost me stupid money in repairs was the one I modified heavily so kinda my own fault lol
andygtt said:
ecain63 said:
Find me a bit (asside from the obvious stuff like the doors) thats the same as the 520d and you can have your cake and eat it. There aint much on the M5 that relates to any other BMW.
I agree, the warranty isnt for everyone but the argument is that most people would rather spend £1k per year for 2 or 3 years and have nothing go wrong, but have peace of mind than not pay the premium and have a massive, avoidable bill that would far outwiegh the cost of the warranty. Ive claimed £4.5k on my warranty in 15 months. Thats equivalent to over 4 years of cover. Its a no brainer in my opinion.
Eddie
If every car covered by the warranty has claims of 4.5k a year then the premiums will go up.I agree, the warranty isnt for everyone but the argument is that most people would rather spend £1k per year for 2 or 3 years and have nothing go wrong, but have peace of mind than not pay the premium and have a massive, avoidable bill that would far outwiegh the cost of the warranty. Ive claimed £4.5k on my warranty in 15 months. Thats equivalent to over 4 years of cover. Its a no brainer in my opinion.
Eddie
other than the clutch (which isn't usually covered) and tailgate what else went wrong?
I do completely understand why people go the warranty route, I have mates who would never buy a car like this without one... but in the years I've owned cars like this the only one thats cost me stupid money in repairs was the one I modified heavily so kinda my own fault lol
Eddie
It was probably my fault if M5 warranty prices went up I got my M5 at 18,000 miles and sold it on after 128,000 miles. I had a grand total of £16k in claims in that time, the only one NOT paid for was the clutch. The warranty is exceptional, I guess the £16k divided by the mileage I do is NOT bad at all. Also worth remembering that is £16k at dealer prices. Can;t remember the full list now but was, actuators - 3 sets. Fuel pump, twice. Power steering pump , twice. PDC sensors, several. ODC control unit, some suspension parts. Starter motor. Some interior trim! climate control module. Electric seat motor. I guess if non dealer prices potentially the £16k could be £10k - £12k? Divided by 110,000 miles I think it's pretty good and I only needed one clutch in all that time and main dealer replaced and total cost was only £2.4k
I got my M5 at 18,000 miles and sold it on after 128,000 miles. I had a grand total of £16k in claims in that time, the only one NOT paid for was the clutch. The warranty is exceptional, I guess the £16k divided by the mileage I do is NOT bad at all. Also worth remembering that is £16k at dealer prices. Can;t remember the full list now but was, actuators - 3 sets. Fuel pump, twice. Power steering pump , twice. PDC sensors, several. ODC control unit, some suspension parts. Starter motor. Some interior trim! climate control module. Electric seat motor. I guess if non dealer prices potentially the £16k could be £10k - £12k? Divided by 110,000 miles I think it's pretty good and I only needed one clutch in all that time and main dealer replaced and total cost was only £2.4kGassing Station | M Power | Top of Page | What's New | My Stuff