E61 M5 - End of ownership
Discussion
I sold my M5 Touring today after just under 3 years of ownership. As per a previous post, was all set to get an F10 M5 as a replacement family car, but wasn't sufficiently smitten, so ordered a nice 335d xDrive touring for those family days/weekends away.
For anyone interested in a few ownership stats:
Period of ownership: 2yrs 10months
Mileage: Approx 8k (it's pretty much weekend use only)
Depreciation: £7700 (bought as a BMW AUC and sold privately)
Maintenance: £1000 (two services, no other consumables)
Warranty: £1500 (years 2 and 3 Mondial comprehensive warranty with £250xs)
The car was super reliable in my ownership, never once letting me down or failing to start. Only had one thing fixed under warranty, and that was a failed horn, which the dealer said they'd never seen happen before. Maybe I was just "lucky", but I feel the need to counter-balance some of the scare stories you read here and elsewhere.
The car was remarkably easy to sell on. I knew that the tourings seemed to be fairly sought after due to their scarcity. But it took 12 days from posting the ad to selling the car, and for 5 of those I was out of the country. The first person to view the car bought it, and there were a number of other fairly serious looking potential buyers lined up if the sale fell through.
Overall it was a privilege to own and enjoy such a vehicle. I'm looking forward to taking delivery of the 335d (it's spec'd with a lot of the toys), and as a weekend family car it makes a lot more sense (not least because my wife will actually drive it, she didn't get on with the SMG box on the M5). Though I'm still tempted to swap my other car for an M6 coupe or convertible for "me", depending on how I miss those V10 thrills!
Gary.
For anyone interested in a few ownership stats:
Period of ownership: 2yrs 10months
Mileage: Approx 8k (it's pretty much weekend use only)
Depreciation: £7700 (bought as a BMW AUC and sold privately)
Maintenance: £1000 (two services, no other consumables)
Warranty: £1500 (years 2 and 3 Mondial comprehensive warranty with £250xs)
The car was super reliable in my ownership, never once letting me down or failing to start. Only had one thing fixed under warranty, and that was a failed horn, which the dealer said they'd never seen happen before. Maybe I was just "lucky", but I feel the need to counter-balance some of the scare stories you read here and elsewhere.
The car was remarkably easy to sell on. I knew that the tourings seemed to be fairly sought after due to their scarcity. But it took 12 days from posting the ad to selling the car, and for 5 of those I was out of the country. The first person to view the car bought it, and there were a number of other fairly serious looking potential buyers lined up if the sale fell through.
Overall it was a privilege to own and enjoy such a vehicle. I'm looking forward to taking delivery of the 335d (it's spec'd with a lot of the toys), and as a weekend family car it makes a lot more sense (not least because my wife will actually drive it, she didn't get on with the SMG box on the M5). Though I'm still tempted to swap my other car for an M6 coupe or convertible for "me", depending on how I miss those V10 thrills!
Gary.
The fuel economy never bothered me, I simply didn't do enough miles for it to be a tangible annoyance. The small fuel tank I won't miss: not being able to do a 300 mile round trip to my folks was always frustrating.
I'm not sure of future appreciation or classic status, they're a complex car and I'm not sure the group of enthusiasts they appeal to is either large enough or the right "type" to push values higher. I think the same applies to all recent M cars with the possible exception of the 1M. I can certainly see a very shallow depreciation curve though. Removing the dealer bid/ask spread and mine hardly depreciated at all in 3 years.
That V10 though :-) There are a couple of M6's I'm the classifieds calling me right now...
Gary.
I'm not sure of future appreciation or classic status, they're a complex car and I'm not sure the group of enthusiasts they appeal to is either large enough or the right "type" to push values higher. I think the same applies to all recent M cars with the possible exception of the 1M. I can certainly see a very shallow depreciation curve though. Removing the dealer bid/ask spread and mine hardly depreciated at all in 3 years.
That V10 though :-) There are a couple of M6's I'm the classifieds calling me right now...
Gary.
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