E28 M5 values

[M5Dave]

I've just seen a new advert that's appeared on PH classifieds.

The car is a privatly advertised 1987 E28 M5 with 105,000 miles. It's described as immaculate and requiring no work and the asking price is £19,995.

I've not paid much attention to the value of these recently, but is that really the going rate, or is this wishful thinking on the part of the seller.

[belleair302]

That is somewhat wishful thinking. Prices of these cars are going up because there are so few around....they are wonderful cars....but that price is daft, even with low mileage. Knock of £5,000 and it would be a good buy.

[jas xjr]

there is only one way the prices of these are going and that is up.
shame as it means i cannot afford one now

[Great Pretender]

M5Dave said:

I've just seen a new advert that's appeared on PH classifieds.

The car is a privatly advertised 1987 E28 M5 with 105,000 miles. It's described as immaculate and requiring no work and the asking price is £19,995.

I've not paid much attention to the value of these recently, but is that really the going rate, or is this wishful thinking on the part of the seller.

It's been discussed here. IMO the seller is a dreamer. Such a price is not a fair reflection of these cars' true market value; at least not for examples with such a high mileage.

[M5Dave]

That's what I thought.

The last time I looked, which to be fair is quite a while ago, you could get a pretty decent one for around £10k.

[Gruber]

Gosh! That's expensive.

£13k tops, IMHO.

[falkster]

There's a guy local to me has one and he wants 23k for it.
It's not that good!!!