E39 M5, 1998, 56K 1 Owner - Whats it worth

[968CSReading]

Sorry, Typo. Its 1999

Went to Blackbushe with a view to buying this car.

LeMans Blue, full dealer history, no nav, excellent tyres, discs. Several parking dings, no rust only in one place on a door frame. Needed a good detail, poss bonnet and bumper respray.

All in all an excellent car.

Went for £10,700 and I dont think that was to a private buyer either.

Still, good news for M5 value. Keep an eye out for it, what do we think. £11995?

Edited by 968CSReading on Friday 26th March 12:20

[Great Pretender]

I'd say somewhere around £10k max.

These cars (despite their brilliance) are struggling to find homes; the pre-facelifts more so.

[POORCARDEALER]

Looked an expensive car to me at auction, especially when adding in the buyers premium from the auction house, and non obvious faults which couldnt be seen

[968CSReading]

Wandered when it would crop up.

http://www.autotrader.co.uk/classified/advert/2010...

Strong money thats for sure.

[Mermaid]

968CSReading said:

Wandered when it would crop up.

http://www.autotrader.co.uk/classified/advert/2010...

Strong money thats for sure.

That will be hard to shift...regardless of the mileage.

[Trellis]

968CSReading said:

Sorry, Typo. Its 1999

Went to Blackbushe with a view to buying this car.

LeMans Blue, full dealer history, no nav, excellent tyres, discs. Several parking dings, no rust only in one place on a door frame. Needed a good detail, poss bonnet and bumper respray.

All in all an excellent car.

Went for £10,700 and I dont think that was to a private buyer either.

Still, good news for M5 value. Keep an eye out for it, what do we think. £11995?

Edited by 968CSReading on Friday 26th March 12:20

I am sorry but I am struggling to comprehend how this can be either an 'excellent car' or worth nearly £14k given its got several parking dings and rust in 'only one place'!!

Mines done 99k and hasn't got anything remotely like rust anywhere or a single parking ding. A well looked after example should have been garaged, waxed, and had any minor dings (or rust!!) fixed on the spot. At £14k for a pre facelift, the car wants to be absolutely spotless, and specc'd to the hilt (which it isnt).
Crazy money!

[968CSReading]

It was good in comparison to some others I had been to see that are being advertised on PH. I expected it to go for £7-£8000 and at that price it would have been worth in IMO.

Im glad to say that the car I am collecting on Wednesday knocks spots off it in terms of its condition and extras.

If I were to spend £13-£14000 on an M5 it would need to be spotless and this one wasnt.

[Gad-Westy]

I've been keeping a close eye on M5 values of late and to me the only thing that this has going for it is a low mileage. Beyond that, it sounds distinctly average. Depending on everything else being in order, I'd guess at £8.5k tops. The price its on at should buy an absolutely mint facelift car, not an average 99 car.

[Andyt25]

Cannot believe that price...If it was spotless then I would say 9k to 10k maybe even £10500 if someone wanted it for the mileage....but 14k No.

[5 In a Row]

Existing owners should be happy to see the car on sale at this price though as maybe it's a sign the values are strengthening a bit.

Not good news for anyone who wants one though.

Did the seller perhaps work for Hexagon in a previous life?

[Rags]

5 In a Row said:

Existing owners should be happy to see the car on sale at this price though as maybe it's a sign the values are strengthening a bit.

Not good news for anyone who wants one though.

Did the seller perhaps work for Hexagon in a previous life?

I would imagine the mileage of that car is the main reason it went for that price.

The 'new owner' will probably tend to the parking dings and the rust spot prior to sale.

With these issues rectified and you didn't know about about them previously, would it make it a good car suddenly?

[Vixpy1]

POORCARDEALER said:

Looked an expensive car to me at auction, especially when adding in the buyers premium from the auction house, and non obvious faults which couldnt be seen

+1

[ukwill]

I picked up a mint black/black '52 with almost all the extras for £11.5k 2mths ago. I think the only thing it didnt have is the sun blinds?

I think that is very, very strong money for a non-nav pre-facelift with dings etc.

On another note, I spend 8hrs with the rotary on Sunday getting rid of the swirls (still have the doors/bumpers to do!) and it's looking shweeeeet. Hard work though - don't know how detailers can do it day in day out!

[DennisCooper]

Hi all,

I agree the price being asked for that car is very very high. For us 'enthusiasts', we know we'd never part with that amount of money for that age/spec car when 3-4 newer ones that are better specced can be had for subtantially less. Remember, there are plenty of non enthusiast's out there who haven't really got a clue about what an M5 and the likes of are/is. They may see this and think, a nice low miler, dealer selling it so I have 'some' comeback, oh I think I'll go for it.

There's always these overpriced cars around, the sellers are chancing it that a non enthusiast will buy it and they'll make an easy 2-3 grand profit from it.

If it doesn't sell like that, it's going to be watched by many enthusiasts over the next 3-6 months as it just sits there and gradually will come down in price to the £8-9K that's it's actually worth (currently!)

Cheers, Dennis!