2009 m5

[Skrambles]

Is it insanity to buy a 2009 m5, with the new one just a year away?

I've been keeping my eye on the AUC website for low mileage 2009 cars. What's on offer at the moment is priced at £55k or so. What sort of money would a 2009 car (with say 5,000-7,000 miles) actually be worth now? The spec I'm looking for is: Black, Grey or Silverstone; M-function seats; Logic 7; Sun Prot Glass; Bluetooth; USB.

[belleair302]

If the car is well looked after, with AUC and toys with the right colour scheme, depreciation will be around 10% a year after the first big hit of 15% in year one. By the fourth year the price should be around 55-58% of the new price. The maths is simple.

[outnumbered]

belleair302 said:

If the car is well looked after, with AUC and toys with the right colour scheme, depreciation will be around 10% a year after the first big hit of 15% in year one. By the fourth year the price should be around 55-58% of the new price. The maths is simple.

I think recent E60 M5s will suffer a bit more than that, given the model is close to end of life, it has high running costs and a legendary thirst for V-Power.

[ArmaghMan]

yes it is

[Skrambles]

Thanks - the bottom line is that £55k seems very steep; I'm just wondering whether a chunky discount could be had now. Can a 2009 car really be worth more than £45k even with low mileage?

[djohnson]

Skrambles said:

Is it insanity to buy a 2009 m5, with the new one just a year away?

I've been keeping my eye on the AUC website for low mileage 2009 cars. What's on offer at the moment is priced at £55k or so. What sort of money would a 2009 car (with say 5,000-7,000 miles) actually be worth now? The spec I'm looking for is: Black, Grey or Silverstone; M-function seats; Logic 7; Sun Prot Glass; Bluetooth; USB.

I reckon values will take a hit when the new one's out especially the relatively high values of the latter versions of the E60. Why not buy an older one that's lost more value and then swap for the new model when it's available?

[Skrambles]

djohnson said:

Skrambles said:

Is it insanity to buy a 2009 m5, with the new one just a year away?

I've been keeping my eye on the AUC website for low mileage 2009 cars. What's on offer at the moment is priced at £55k or so. What sort of money would a 2009 car (with say 5,000-7,000 miles) actually be worth now? The spec I'm looking for is: Black, Grey or Silverstone; M-function seats; Logic 7; Sun Prot Glass; Bluetooth; USB.

I reckon values will take a hit when the new one's out especially the relatively high values of the latter versions of the E60. Why not buy an older one that's lost more value and then swap for the new model when it's available?

I'll look at some 2007/2008 cars as well. What I'm really looking to do is get another e60 which is in roughly the same condition/mileage/spec as the 2008 car that I got rid of last year - it had done 4,000 miles.

Any thoughts on what reasonable mileage is for these cars? Mine was ridiculously under-used for half of the year that I owned it, so 4k per annum obviously can't be representative - what would be a very good mileage for a 2007 car?

[djohnson]

Skrambles said:

djohnson said:

Skrambles said:

Is it insanity to buy a 2009 m5, with the new one just a year away?

I've been keeping my eye on the AUC website for low mileage 2009 cars. What's on offer at the moment is priced at £55k or so. What sort of money would a 2009 car (with say 5,000-7,000 miles) actually be worth now? The spec I'm looking for is: Black, Grey or Silverstone; M-function seats; Logic 7; Sun Prot Glass; Bluetooth; USB.

I reckon values will take a hit when the new one's out especially the relatively high values of the latter versions of the E60. Why not buy an older one that's lost more value and then swap for the new model when it's available?

I'll look at some 2007/2008 cars as well. What I'm really looking to do is get another e60 which is in roughly the same condition/mileage/spec as the 2008 car that I got rid of last year - it had done 4,000 miles.

Any thoughts on what reasonable mileage is for these cars? Mine was ridiculously under-used for half of the year that I owned it, so 4k per annum obviously can't be representative - what would be a very good mileage for a 2007 car?

Re mileage isn't there a point when the BMW warranty becomes more expensive? I can't remember what it is however I'd suggest getting a car which has some headroom below this point.

[Skrambles]

Thanks Dave. I think the warranty cost jumps at 60,000 miles.

[Badapple]

djohnson said:

Skrambles said:

djohnson said:

Skrambles said:

Is it insanity to buy a 2009 m5, with the new one just a year away?

I've been keeping my eye on the AUC website for low mileage 2009 cars. What's on offer at the moment is priced at £55k or so. What sort of money would a 2009 car (with say 5,000-7,000 miles) actually be worth now? The spec I'm looking for is: Black, Grey or Silverstone; M-function seats; Logic 7; Sun Prot Glass; Bluetooth; USB.

I reckon values will take a hit when the new one's out especially the relatively high values of the latter versions of the E60. Why not buy an older one that's lost more value and then swap for the new model when it's available?

I'll look at some 2007/2008 cars as well. What I'm really looking to do is get another e60 which is in roughly the same condition/mileage/spec as the 2008 car that I got rid of last year - it had done 4,000 miles.

Any thoughts on what reasonable mileage is for these cars? Mine was ridiculously under-used for half of the year that I owned it, so 4k per annum obviously can't be representative - what would be a very good mileage for a 2007 car?

Re mileage isn't there a point when the BMW warranty becomes more expensive? I can't remember what it is however I'd suggest getting a car which has some headroom below this point.

60k....over £2k I think

[Zod]

belleair302 said:

If the car is well looked after, with AUC and toys with the right colour scheme, depreciation will be around 10% a year after the first big hit of 15% in year one. By the fourth year the price should be around 55-58% of the new price. The maths is simple.

Ha, I wish I could get that much for mine. I suspect when I sell later this year, I will get 40-45% after four and a half years.

[M5 Mark]

I'm not sure it will depreciate. NOW there is NO M5 to buy, so it should hold value quite well. If all the rumours are true the new one will have a girly V8, so the V10 will be a classic and sure it will depreciate but I don;t think signifcantly.

I think if anyone is worried about depreciation then the M5 is not for you. The thing will cost you an arm leg, in depreciation, fuel, oil, running costs but the biggest smile ever on your face, THAT is priceless.


I'm not sure 55k is a bit steep, depending on the spec level. A new M5 could cost between 65-80k with different options. So it could be a good deal for a top spec one or a bad deal for low spec one. I would thnk 50k would get you a decent 09.

[130R]

Personally I'd look at getting into a very low mileage 2008 AUC for around 45k

[manand38]

M5 Mark said:

I'm not sure it will depreciate. NOW there is NO M5 to buy, so it should hold value quite well. If all the rumours are true the new one will have a girly V8, so the V10 will be a classic and sure it will depreciate but I don;t think signifcantly.

Agreed, think the E60 will be a classic. Also, the new one will most likely be turbo, something the purists will not like...

[Zod]

The E60 will certainly be a classic and I suspect that, in a few years' time, some of the people who claim that the E39 was better will be driving E60s.

If I had a big, multi-car garage, I'd hold onto mine forever. I fear we won't see its like again.

[Skrambles]

I agree - it's a unique blend of power, tech and practicality. For anyone who's had or properly appreciated an e60, the new one will most probably always be lacking. But perhaps we'll be in the minority.

While looking into earlier cars, I've been looking at m5board - why is it that there are so many more complaints about the "red cog" issue in the US vs UK? Were there just more cars sold in the US, have they just been more unlucky, have they gotten out of control with their mods or have they just not shown the car any mechanical sympathy?

Edited by Skrambles on Friday 18th June 16:26

[groucho]

Skrambles said:

I agree - it's a unique blend of power, tech and practicality. For anyone who's had or properly appreciated an e60, the new one will most probably always be lacking. But perhaps we'll be in the minority.

While looking into earlier cars, I've been looking at m5board - why is it that there are so many more complaints about the "red cog" issue in the US vs UK? Were there just more cars sold in the US, have they just been more unlucky, have they gotten out of control with their mods or have they just not shown the car any mechanical sympathy?

I've often wondered about this myself?