AUC E60 M5 - What to look for and what to negotiate?
Discussion
After much faffing around I'm hoping to buy an E60 M5 in the next few weeks. I've decided to go AUC for the warranty and will look to trade it in for an F10 in a few years once their prices drop down to sensible money.
I was wondering what I should be looking out for on the vehicles?
As the cars are some distance from me I've had the dealers do those little videos which has allowed me to confirm when service items will need to be done and I also have copies of the service books.
I'm looking at one tomorrow that will not need anything for 14,000 miles and has had recent discs and pads but it's still on its first clutch at 59K.
What are the chances of negotiating a second years warranty and does anybody have up-to-date prices for warranties? One concern is that it will obviously be over 60K once the dealer warranty expires and I look to extend this which could be costly.
After you have read the guide take this on board. I got out of one a few months back. Myriad of reasons in the end but mainly cost of running was absolutely outrageous. I was seeing my monthly MPG at 16 whereas my outgoing E92 M3 was consistently 22-24. The issue for me was the engine was far to tempting to howl along and use most of the time. Compared o the M3 it really was a sledge hammer trying to crack a nut. Couple this with a terrible range owing to small tank 180-200 miles ish it begun to wind me up. It was however the best car I owned.
A year two warranty at point of sale should cost you £500. Bare in mind the dealer doesn't get this discounted it's straight from Mondrian direct so are less likely to include it in the deal unless there is good margin in the part ex or the actual E60 M5. It is possible despite what dealers will say. Just tell them to get their admin people look into it. I've just bought another E92 M3 (really missed it!) and second additional year was £500.00.
Now bare in mind that north of 60k the warranty costs are huge if you wish to extend into year three per month after the second. Also after 60k BMW rarely replace the clutch. Before 60k they will if the damage caused by launch control is not bad.. Mine had 58k on clock and had a new clutch at 56k under warranty. They had checked the launches on the system and authorised the work as it had only been used once during its life o time when brand new (assume to show off !) I have heard of people with 3/4 launches having had warranty repairs refused or expected to pay 50:50 (it's a £5k job at the dealer I believe) so get the dealer to put in writing how many launches have been used in its lifetime. Then it's down to you. More than 0 is a gamble if the clutch goes. If it goes at 65k during your ownership with no recorded launches then you are likely to get a repair authorised. Less obviously per launch.
Ignore the disk/pad indicators. Get the wheels off. Inspect the pads front and rear and EACH disk for any lips, cracks or obvious damage. Do not accept an M5 that judders/shakes/rattles or rolls!! The brakes if done at once are expensive items, and under warranty for peace of mind you'd want it done at BMW (if you are like me despite the cost)
Plus I would be prepared to see the arse end fall out of these soon enough. Many many F10 M5s coming down in price so means one thing...also at the retail price have a look at what that car would see as art ex should a week later you changed your mind.....you will be surprised! In some spec cars it's like 20%. So they are selling these at reasonable hefty margins (room for deals) and part ex'ing customers are penalised even more for tyres not being 6mm+ (as under AUC they then have to replace them for the sale) and also perform full services including brakes. My uncle was knocked £6k for work on his he needed doing a year ago at trade in. It needed £6k of work in fairness. So the cost simply passes on to you like no other car because servicing at dealers on these is still expensive.
All things considered I would take one in a heartbeat if I lived in Qatar and it cost me £12 a tank.'
A year two warranty at point of sale should cost you £500. Bare in mind the dealer doesn't get this discounted it's straight from Mondrian direct so are less likely to include it in the deal unless there is good margin in the part ex or the actual E60 M5. It is possible despite what dealers will say. Just tell them to get their admin people look into it. I've just bought another E92 M3 (really missed it!) and second additional year was £500.00.
Now bare in mind that north of 60k the warranty costs are huge if you wish to extend into year three per month after the second. Also after 60k BMW rarely replace the clutch. Before 60k they will if the damage caused by launch control is not bad.. Mine had 58k on clock and had a new clutch at 56k under warranty. They had checked the launches on the system and authorised the work as it had only been used once during its life o time when brand new (assume to show off !) I have heard of people with 3/4 launches having had warranty repairs refused or expected to pay 50:50 (it's a £5k job at the dealer I believe) so get the dealer to put in writing how many launches have been used in its lifetime. Then it's down to you. More than 0 is a gamble if the clutch goes. If it goes at 65k during your ownership with no recorded launches then you are likely to get a repair authorised. Less obviously per launch.
Ignore the disk/pad indicators. Get the wheels off. Inspect the pads front and rear and EACH disk for any lips, cracks or obvious damage. Do not accept an M5 that judders/shakes/rattles or rolls!! The brakes if done at once are expensive items, and under warranty for peace of mind you'd want it done at BMW (if you are like me despite the cost)
Plus I would be prepared to see the arse end fall out of these soon enough. Many many F10 M5s coming down in price so means one thing...also at the retail price have a look at what that car would see as art ex should a week later you changed your mind.....you will be surprised! In some spec cars it's like 20%. So they are selling these at reasonable hefty margins (room for deals) and part ex'ing customers are penalised even more for tyres not being 6mm+ (as under AUC they then have to replace them for the sale) and also perform full services including brakes. My uncle was knocked £6k for work on his he needed doing a year ago at trade in. It needed £6k of work in fairness. So the cost simply passes on to you like no other car because servicing at dealers on these is still expensive.
All things considered I would take one in a heartbeat if I lived in Qatar and it cost me £12 a tank.'
@King Eric - Thanks for the useful advice. I've got my eyes wide open on fuel and have been planning on averaging 15 mpg. I hope the small tank won't annoy me too much but there's nothing that can be done about it.
Two follow ups:
1. At £500 to me is the second year of the Mondial warranty costing the dealer anything?
2. Is there any simple test of the clutch other than obvious problems with gear selection or the first gear judder?
A couple of further questions for the PH experts:
1. Are winter wheels/tyres a worthwhile investment. I'd imagine so on a rear wheeled beast such as this.
2. Is it worth getting the dealer to upstate the sat Nav maybe as part of the bargaining or are the £25 eBay discs going to work ok?
Thanks all. Appreciate the help.
Two follow ups:
1. At £500 to me is the second year of the Mondial warranty costing the dealer anything?
2. Is there any simple test of the clutch other than obvious problems with gear selection or the first gear judder?
A couple of further questions for the PH experts:
1. Are winter wheels/tyres a worthwhile investment. I'd imagine so on a rear wheeled beast such as this.
2. Is it worth getting the dealer to upstate the sat Nav maybe as part of the bargaining or are the £25 eBay discs going to work ok?
Thanks all. Appreciate the help.
I've seen that 59K blue car drop from £18995 last week to £15995 now. In the space of a few weeks. What does that tell you? Basically, the dealer can't shift it. Interesting how it sits just below the magic mark of 60K aswell....
These are great cars. We have had 3 M6's in the household, but be warned.
1 - The gearbox. For me, this clunking jerky box was a nightmare. Horrendous at low speed, horrendous when parking, but quite nice when driving quick. Our first M6 wound my nephew up so much (vehicle actually cutting out whilst driving!) he destroyed the gearbox in an ill tempered rage. AUC picked up the gearbox bill.
2 - The fuel. Now, my brother drives 2K a year as he uses the tube, and he STILL complained of the fuel doing 30 miles a weekend! I mean, he used to see if it was even half decent on fuel by driving like Ms Daisy. Max we saw was 21mpg on a run to Oxford. Any other time, it was really, really low teens. I'm talking the light would be on after 40 miles on £40 V Power, and thats just town stuff with nothing flat out! Awful awful awful on fuel.
3 - Selling it on. IF your car does NOT have AUC at the point of sale, you won't sell it. Period. Assuming you keep it 2 years and the mileage is on 80K, no warranty means no sale. Now, to get the warranty on it, BMW will discourage you by bending you over, and giving you a good shafting without Vaseline. They don't want you to renew the warranty, so if you do, they WILL charge you for the privilege. I can't see your third year warranty with over 80K being less than £3000.
4 - Did I mention the fuel?
On a positive note, the V10 is glorious at full load BUT lacking a bit down below. It's not very torquey and is tuned for peak power which is fine if you nail it all the time and don't mind sub 10MPG.
The also look absolutely fantastic. I love the look of them. And it's a proper M car.
I just sold my 2006 550i M Sport which I bought through AUC with 2 years warranty. I paid £500 for year two warranty at point of sale. They CAN do it, although the salesman was stating how it shouldn't really be done.....
I sold the 550 for the very fact it was a nothing car; fidgety on run flats, overly sharp steering, and basically it was a wannabe M car. You can't beat the real thing. Funny thing with the 550 was it achieved between 22mpg to 31mpg which is quite remarkable considering I don't hang around.
Buy wisely. But please take note of the mentions above. They ruin what is a finale to the big naturally aspirated sports saloon.
Cheers
These are great cars. We have had 3 M6's in the household, but be warned.
1 - The gearbox. For me, this clunking jerky box was a nightmare. Horrendous at low speed, horrendous when parking, but quite nice when driving quick. Our first M6 wound my nephew up so much (vehicle actually cutting out whilst driving!) he destroyed the gearbox in an ill tempered rage. AUC picked up the gearbox bill.
2 - The fuel. Now, my brother drives 2K a year as he uses the tube, and he STILL complained of the fuel doing 30 miles a weekend! I mean, he used to see if it was even half decent on fuel by driving like Ms Daisy. Max we saw was 21mpg on a run to Oxford. Any other time, it was really, really low teens. I'm talking the light would be on after 40 miles on £40 V Power, and thats just town stuff with nothing flat out! Awful awful awful on fuel.
3 - Selling it on. IF your car does NOT have AUC at the point of sale, you won't sell it. Period. Assuming you keep it 2 years and the mileage is on 80K, no warranty means no sale. Now, to get the warranty on it, BMW will discourage you by bending you over, and giving you a good shafting without Vaseline. They don't want you to renew the warranty, so if you do, they WILL charge you for the privilege. I can't see your third year warranty with over 80K being less than £3000.
4 - Did I mention the fuel?
On a positive note, the V10 is glorious at full load BUT lacking a bit down below. It's not very torquey and is tuned for peak power which is fine if you nail it all the time and don't mind sub 10MPG.
The also look absolutely fantastic. I love the look of them. And it's a proper M car.
I just sold my 2006 550i M Sport which I bought through AUC with 2 years warranty. I paid £500 for year two warranty at point of sale. They CAN do it, although the salesman was stating how it shouldn't really be done.....
I sold the 550 for the very fact it was a nothing car; fidgety on run flats, overly sharp steering, and basically it was a wannabe M car. You can't beat the real thing. Funny thing with the 550 was it achieved between 22mpg to 31mpg which is quite remarkable considering I don't hang around.
Buy wisely. But please take note of the mentions above. They ruin what is a finale to the big naturally aspirated sports saloon.
Cheers
Edited by rezaq on Thursday 12th December 19:39
I made an enquiry regarding this vehicle, and from the video they provided it looks really nice. But the history, although complete, put me off - the car has visited a few different garages during its life including an Aston Martin stamp and one from a vauxhall dealer. Also there was a thread almost exactly a year ago on here about the same car suggesting the previous owner hasn't had it for long? I did revive that thread to see if I could find out what happened but I didn't get a response.
It will be interesting to hear what you think once you have had an opportunity to test drive it.
It will be interesting to hear what you think once you have had an opportunity to test drive it.
AHUX said:
I made an enquiry regarding this vehicle, and from the video they provided it looks really nice. But the history, although complete, put me off - the car has visited a few different garages during its life including an Aston Martin stamp and one from a vauxhall dealer. Also there was a thread almost exactly a year ago on here about the same car suggesting the previous owner hasn't had it for long? I did revive that thread to see if I could find out what happened but I didn't get a response.
It will be interesting to hear what you think once you have had an opportunity to test drive it.
Vauxhall history? Are you serious? Used Approved or not, I wouldn't touch it. They have obviously bought it in for cheap, tried to get 19K on it for a quick profit but realised the errors of their ways.It will be interesting to hear what you think once you have had an opportunity to test drive it.
I'm going to give the service centres a call once I have a chassis number, but my understanding is that the Aston Martin stamp is from the BMW service centre. It's Stratstone in Derby and they're co-located.
I'm going to give it a good checking over but any more pointers on what to look out for would be appreciated.
And it would be good to hear from the last owner.....he bought it from the same place then swapped it in for a 520D when he started doing high mileage.
I'm going to give it a good checking over but any more pointers on what to look out for would be appreciated.
And it would be good to hear from the last owner.....he bought it from the same place then swapped it in for a 520D when he started doing high mileage.
Here you go look at this thread from a year ago it has the chassis details you need http://www.pistonheads.com/gassing/topic.asp?h=0&a...
The vauxhall service was done by Pentagon Vauxhall, Mansfield @55,212, November 2012 - oil and vehicle check, then serviced again by bmw at 55,408 Feb 2013 - more oil & Microfilter.
Please report back once you have seen the car tomorrow, I am interested to know your thoughts.
The vauxhall service was done by Pentagon Vauxhall, Mansfield @55,212, November 2012 - oil and vehicle check, then serviced again by bmw at 55,408 Feb 2013 - more oil & Microfilter.
Please report back once you have seen the car tomorrow, I am interested to know your thoughts.
Just following up on @rezaq's comments about the warranty.
There seem to me three options here:
1. Buy an AUC car with warranty but current mileage means that when it comes out of AUC warranty, an extension will be costly (>60K miles) which is my current position.
2. Buy an AUC car with low enough mileage to still get the cheap monthly warranty extension.
3. Buy a car privately on the low monthly warranty.
If (and big if) I manage to get two years AUC warranty (I note a few dealers offering this as an incentive in the run up to Xmas) then I still think over a 3 year ownership period that this is the cheapest way to run a warrantied car, ceteris paribus. The premium in the 4th year would be c. £4000 but you've had two years for free so total warranty cost is £4,000 or £4,500 if you have to cough up £500 for the second year.
The second option would cost you £3,672 (24 months x £153) plus the additional cost of the car. The cheapest car that fits this bill is £8k more than the one I'm currently looking at. It may be possible to get some of this back in extra value at the end of the 3 years. Even if you got all of this value back if you're financing the car then the interest alone on this additional £8K+ would be more than the difference.
Finally buying a car privately would cost £5508 (36 months x £153) plus/minus any difference in the price of the car.
In each case I'm using the cost of a comprehensive warranty with £0 excess and emergency road side cover.
Keeping the car beyond 3 years the balance is tipping in favour of options 2 or 3 depending upon the price differentials of the cars, and as @rezaq pointed out it could make the difference between being able to shift the car and not after 3 years. That being said, it could obviously be part exchanged and one has to wonder what the car will be worth (relative to the cost of the warranty and the additional servicing costs that come with keeping the warranty) after another 3 years.
Lots to think about....and as everybody keeps saying whatever the outcome these beasts are not cheap.
From experience a second years warranty should be easily negotiated in the sale price and it will cost the dealer a lot less than it would cost you.
I'm not sure if you can extend to three years from the point of sale as I never asked when I got my z4m.
As others have said check consumables and push the dealer as much as possible... I found most are a bugger to deal with and I found leaving your offer with them for them to get back to you was the best way of doing things
I'm not sure if you can extend to three years from the point of sale as I never asked when I got my z4m.
As others have said check consumables and push the dealer as much as possible... I found most are a bugger to deal with and I found leaving your offer with them for them to get back to you was the best way of doing things
MadProfessor said:
After much faffing around I'm hoping to buy an E60 M5 in the next few weeks. I've decided to go AUC for the warranty and will look to trade it in for an F10 in a few years once their prices drop down to sensible money.
I was wondering what I should be looking out for on the vehicles?
As the cars are some distance from me I've had the dealers do those little videos which has allowed me to confirm when service items will need to be done and I also have copies of the service books.
I'm looking at one tomorrow that will not need anything for 14,000 miles and has had recent discs and pads but it's still on its first clutch at 59K.
What are the chances of negotiating a second years warranty and does anybody have up-to-date prices for warranties? One concern is that it will obviously be over 60K once the dealer warranty expires and I look to extend this which could be costly.
How did the car viewing go, did it drive ok?I was wondering what I should be looking out for on the vehicles?
As the cars are some distance from me I've had the dealers do those little videos which has allowed me to confirm when service items will need to be done and I also have copies of the service books.
I'm looking at one tomorrow that will not need anything for 14,000 miles and has had recent discs and pads but it's still on its first clutch at 59K.
What are the chances of negotiating a second years warranty and does anybody have up-to-date prices for warranties? One concern is that it will obviously be over 60K once the dealer warranty expires and I look to extend this which could be costly.
I found it very easy to haggle a 2 year warranty on my M6. If they dont agree....tell them there are plenty more AUC cars out there you can view and buy.
Do not be be shy in asking for full disclosure on warranty work, service history and what has been done to prep the car to AUC spec.
My M6 had discs and pads front, rear ones were very new too, 3 continental new tyres, brake oil service, and resprays on door, bonnet and bumper. It had a few pennies spent on it and was quite a well looked after car. I dont even think the launch control was ever used it mine.
Look for some clean, well looked after and something that has had money spent on it.
Do not be be shy in asking for full disclosure on warranty work, service history and what has been done to prep the car to AUC spec.
My M6 had discs and pads front, rear ones were very new too, 3 continental new tyres, brake oil service, and resprays on door, bonnet and bumper. It had a few pennies spent on it and was quite a well looked after car. I dont even think the launch control was ever used it mine.
Look for some clean, well looked after and something that has had money spent on it.
rezaq said:
I sold the 550 for the very fact it was a nothing car; fidgety on run flats, overly sharp steering, and basically it was a wannabe M car. You can't beat the real thing. Funny thing with the 550 was it achieved between 22mpg to 31mpg which is quite remarkable considering I don't hang around.
Bit harsh on the 550... But I am biased. Edited by rezaq on Thursday 12th December 19:39
I wanted an M5, but read about the clutch and flywheel issue, the shockingly bad fuel consumption, small tank etc etc (but no doubt a fantastic machine) so I found the 550 quite a nice compromise between the M5 and 535d M Sport as i like the E60, and its been a joy to have, all the toys and a V8 returning me 33mpgs on the motorway, lovely.
Still want an M5 though!
Good luck with the search professor!
OP. Have a look at this
http://www.usedcarsni.com/2006-BMW-M5-5-0-12208145...
I have no connection to the dealer but do know of the 1 owner.
If this could be warrantied or has warranty on it , it might be worth a look
Feel free to pm me if you want.
http://www.usedcarsni.com/2006-BMW-M5-5-0-12208145...
I have no connection to the dealer but do know of the 1 owner.
If this could be warrantied or has warranty on it , it might be worth a look
Feel free to pm me if you want.
BMRuss said:
rezaq said:
I sold the 550 for the very fact it was a nothing car; fidgety on run flats, overly sharp steering, and basically it was a wannabe M car. You can't beat the real thing. Funny thing with the 550 was it achieved between 22mpg to 31mpg which is quite remarkable considering I don't hang around.
Bit harsh on the 550... But I am biased. Edited by rezaq on Thursday 12th December 19:39
I wanted an M5, but read about the clutch and flywheel issue, the shockingly bad fuel consumption, small tank etc etc (but no doubt a fantastic machine) so I found the 550 quite a nice compromise between the M5 and 535d M Sport as i like the E60, and its been a joy to have, all the toys and a V8 returning me 33mpgs on the motorway, lovely.
Still want an M5 though!
Good luck with the search professor!
But then again when you have a Batmobile, and an e30 sport evo for the other 10% of the time, you don't really need an. M5
ArmaghMan said:
OP. Have a look at this
http://www.usedcarsni.com/2006-BMW-M5-5-0-12208145...
I have no connection to the dealer but do know of the 1 owner.
If this could be warrantied or has warranty on it , it might be worth a look
Feel free to pm me if you want.
Blimey that's a great car/spec/mileage for that money!!! Someone will rip his arm off if he's prepared to deliver it to a uk buyer. http://www.usedcarsni.com/2006-BMW-M5-5-0-12208145...
I have no connection to the dealer but do know of the 1 owner.
If this could be warrantied or has warranty on it , it might be worth a look
Feel free to pm me if you want.
Helicopter123 said:
Schermerhorn said:
... 3 continental new tyres...
Why only 3 new tyres?This would ring alarm bells for me.
Guy on another thread had this and went on to have a number of problems elsewhere with his car.
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