E60 M5 pondering

[barrieeld]

OK i have a 335d and am looking to perhaps change into an E60 M5 but have reservations about '05 model reliability and ongoing maintenance costs?

Also i do around 100miles a week give or take 15% so what would i be looking at fuel costs wise?

Ive also contemplated a RRFF on an 06 (giving the recent weather conditions may be a wise choice?)

Also what are the residuals like on the E60 M5's like just now?

[rich1231]

i did 560 miles at weekend and fuel cost was £190

[ecain63]

barrieeld said:

OK i have a 335d and am looking to perhaps change into an E60 M5 but have reservations about '05 model reliability and ongoing maintenance costs?

Also i do around 100miles a week give or take 15% so what would i be looking at fuel costs wise?

Ive also contemplated a RRFF on an 06 (giving the recent weather conditions may be a wise choice?)

Also what are the residuals like on the E60 M5's like just now?

Ok, for starters the reliability / maintenance costs should be of little concern when looking to buy into M5 ownership. This is a performance car we are talking about and not a regular run of the mill hack and will come with premium costs to match. Thats said, they dont break down often (later models hardly ever), and if you are smart and buy a BMW Warranty you wont be looking at any big bills for gearboxes etc. If you dont buy a BMW Warranty then in my opinion you are a fool, especially if the general running costs concern you.

Servcicing costs are average for a what would be an entry level supercar. Discs and pads are a big expense, oil needs topping up fairly regularly and the 'mileage / driving style' based servicing is quite pricey. But again this shouldnt concern you when buying an M5.

Fuel costs are horrific to put it mildly. My RS6 used to average 21mpg and i thought that was poor. My E61 M5 averages around 13mpg and with the small tank fill ups are very frequent. As said on this forum before, you will get to know your petrol station attendant very well. They only drink super unleaded too so no cheap fills on 95RON please. My last 100 miles cost me £35 of VPower so that gives you an idea.

If you are worried about running costs, is the RR a wise choice?

I dont want to sound negative but if your concerned about your bank balance then this probably isnt the car / market for you at the moment. Try a Vauxhall Insignia VXR or similar for a similar but cheaper ownership experience.

There is an annoying trend at the moment which is driving the value of our cars through the floor. This goes for the //M, RS and AMG ranges too. People are buying £75k cars for £25k at the very limit of thier budget and not considering the £75k car running costs that will follow. They happily drive the car for a month or so, just about paying the fuel bill. Then bang! They realise the car needs a big service or needs a new set of discs. Knowing thay cant afford to have the work done they opt not to pay for what is just part and parcel of the ownership experience. Then they quickly stick the car in the classifieds for £20k, only for it to be taken for £18k due to the impending bill for discs / servicing. The next guy struggles in the same way and before you know it the horrible 'pass the parcel' game has stripped the cars of any value. You can see how this affects the rest of the M5 owners!!

I had the same issue with my RS6. I bought in at a sensible price, then the recession hit. The value came down and into the reaches of tracksuit wearing chavvs who did exactly what i have described. This is how you can now buy an RS6 for £10k.

If you do go for an M5 then i wish you all the best.

[khushy]

khushy said:

ecain63 said:

barrieeld said:

OK i have a 335d and am looking to perhaps change into an E60 M5 but have reservations about '05 model reliability and ongoing maintenance costs?

Also i do around 100miles a week give or take 15% so what would i be looking at fuel costs wise?

Ive also contemplated a RRFF on an 06 (giving the recent weather conditions may be a wise choice?)

Also what are the residuals like on the E60 M5's like just now?

Ok, for starters the reliability / maintenance costs should be of little concern when looking to buy into M5 ownership. This is a performance car we are talking about and not a regular run of the mill hack and will come with premium costs to match. Thats said, they dont break down often (later models hardly ever), and if you are smart and buy a BMW Warranty you wont be looking at any big bills for gearboxes etc. If you dont buy a BMW Warranty then in my opinion you are a fool, especially if the general running costs concern you.

Servcicing costs are average for a what would be an entry level supercar. Discs and pads are a big expense, oil needs topping up fairly regularly and the 'mileage / driving style' based servicing is quite pricey. But again this shouldnt concern you when buying an M5.

Fuel costs are horrific to put it mildly. My RS6 used to average 21mpg and i thought that was poor. My E61 M5 averages around 13mpg and with the small tank fill ups are very frequent. As said on this forum before, you will get to know your petrol station attendant very well. They only drink super unleaded too so no cheap fills on 95RON please. My last 100 miles cost me £35 of VPower so that gives you an idea.

If you are worried about running costs, is the RR a wise choice?

I dont want to sound negative but if your concerned about your bank balance then this probably isnt the car / market for you at the moment. Try a Vauxhall Insignia VXR or similar for a similar but cheaper ownership experience.

There is an annoying trend at the moment which is driving the value of our cars through the floor. This goes for the //M, RS and AMG ranges too. People are buying £75k cars for £25k at the very limit of thier budget and not considering the £75k car running costs that will follow. They happily drive the car for a month or so, just about paying the fuel bill. Then bang! They realise the car needs a big service or needs a new set of discs. Knowing thay cant afford to have the work done they opt not to pay for what is just part and parcel of the ownership experience. Then they quickly stick the car in the classifieds for £20k, only for it to be taken for £18k due to the impending bill for discs / servicing. The next guy struggles in the same way and before you know it the horrible 'pass the parcel' game has stripped the cars of any value. You can see how this affects the rest of the M5 owners!!

I had the same issue with my RS6. I bought in at a sensible price, then the recession hit. The value came down and into the reaches of tracksuit wearing chavvs who did exactly what i have described. This is how you can now buy an RS6 for £10k.

If you do go for an M5 then i wish you all the best.

WTF - sounds like a personal rant to me?

This sounds like someone who has or who will be about to loose a load of £££ on their pride and joy sometime soon when they chop it in for Gen II!

Thats life - deal with it - what about the manufacturers who make the cars who, every year, update their cars to Gen II/III/IV etc making previous and less than 12 month old cars - obselete and less attractive.

Its worse than Windows Update!

Dont blame the "chavs" who have the money to buy your devalued and overpriced car - for cash - they are doing you a favour!

LOL

khushy

One of the reasons that SuperCar bagains can be had is that the SuperCar owners of yesterday are no longer in the position they once were to keep on top of rising costs of ownership of their motors - hence they need to sell them on and lets face it - its a buyers market, which ever way you look at it - so its YOU who cant afford to keep your car - dont blame us chavs!

Edited by khushy on Wednesday 1st December 14:43

[barrieeld]

Bit Of a Rant indeed...ill have my head back...

Bringing my initial question back in...

What price is a regular oil change and brakes change...if the car is over 60k is there a warranty alternative i should look at?

It's not the issue whether I can afford the car of not as ive owned other expensive cars in the past im more concerned about putting money into a bottomless pit, im not sure about how reliability is in M5's as they get to 80-90-100k as being performance cars many will have been used the way there are meant to be.

As for "chavs" i dont know about you but I dont see any "chavs" in RS6's, M5 and the like. I choose not to buy these cars new as I couldn't personally stomach the 1st 2 years depreciation, this is not because I cant afford it its more of a business mentality I have which follows me.

The poster above is spot on I dont think the "chavs" you mentioned are uneducated fools who don't know the cost implication of what there buying and the fact there at least buying when most folk certainly aren't in the "supercar" sphere.
I keep cars for around 6 months to a year then i change them as I get easily board

[CarbonM5]

For point and squirt local driving id rather have the 335d,stick some BMW performance goodies on it like their nice seats ect,mabe a pss9 suspension kit and it would be better suited than the M5 when it gets tight and twisty.

Oh,and it will have twice the fuel range.

[ecain63]

My comment wasn't a rant in any way. It was a blunt and realistic response. I'm sorry if my blunt reply offended you.

[Jazzer]

I agree with Eddie....very accuate and to the point!

[jontysafe]

T`was a bit of a chip on the shoulder rant wasn`t it!

Anyway, you`re looking at about £200 oil change and about £600 for front discs and pads I think but don`t quote me on that as I haven`t had to do either yet.

I`m sure someone helpful will chime in soonish! I say just do it, these cars are ridiculous VFM at the moment, yes they are expensive to fuel but servicing is a far sight cheaper than other 500+ BHP machines.

It wasn`t so long ago that to get into the 200 mph club you were talking at least £100K even second hand, no you can get in for £25k ish.

Personally I wouldn`t buy pre 2007 or over 40,000 miles ish. Buy from BMW AUC for peace of mind.

[CarbonM5]

ecain63 said:

barrieeld said:

OK i have a 335d and am looking to perhaps change into an E60 M5 but have reservations about '05 model reliability and ongoing maintenance costs?

Also i do around 100miles a week give or take 15% so what would i be looking at fuel costs wise?

Ive also contemplated a RRFF on an 06 (giving the recent weather conditions may be a wise choice?)

Also what are the residuals like on the E60 M5's like just now?

Ok, for starters the reliability / maintenance costs should be of little concern when looking to buy into M5 ownership. This is a performance car we are talking about and not a regular run of the mill hack and will come with premium costs to match. Thats said, they dont break down often (later models hardly ever), and if you are smart and buy a BMW Warranty you wont be looking at any big bills for gearboxes etc. If you dont buy a BMW Warranty then in my opinion you are a fool, especially if the general running costs concern you.

Servcicing costs are average for a what would be an entry level supercar. Discs and pads are a big expense, oil needs topping up fairly regularly and the 'mileage / driving style' based servicing is quite pricey. But again this shouldnt concern you when buying an M5.

Fuel costs are horrific to put it mildly. My RS6 used to average 21mpg and i thought that was poor. My E61 M5 averages around 13mpg and with the small tank fill ups are very frequent. As said on this forum before, you will get to know your petrol station attendant very well. They only drink super unleaded too so no cheap fills on 95RON please. My last 100 miles cost me £35 of VPower so that gives you an idea.

If you are worried about running costs, is the RR a wise choice?

I dont want to sound negative but if your concerned about your bank balance then this probably isnt the car / market for you at the moment. Try a Vauxhall Insignia VXR or similar for a similar but cheaper ownership experience.

There is an annoying trend at the moment which is driving the value of our cars through the floor. This goes for the //M, RS and AMG ranges too. People are buying £75k cars for £25k at the very limit of thier budget and not considering the £75k car running costs that will follow. They happily drive the car for a month or so, just about paying the fuel bill. Then bang! They realise the car needs a big service or needs a new set of discs. Knowing thay cant afford to have the work done they opt not to pay for what is just part and parcel of the ownership experience. Then they quickly stick the car in the classifieds for £20k, only for it to be taken for £18k due to the impending bill for discs / servicing. The next guy struggles in the same way and before you know it the horrible 'pass the parcel' game has stripped the cars of any value. You can see how this affects the rest of the M5 owners!!

I had the same issue with my RS6. I bought in at a sensible price, then the recession hit. The value came down and into the reaches of tracksuit wearing chavvs who did exactly what i have described. This is how you can now buy an RS6 for £10k.

If you do go for an M5 then i wish you all the best.

Thats all pretty academic though when it comes to performance motoring and residuals.Big expensive cars can be bought by low budget people down the line and not looked after,its the way its always been and was even worse in the 90's.

500bhp costs lots to run **Shocker**

[skeeterm5]

jontysafe said:

T`was a bit of a chip on the shoulder rant wasn`t it!

Anyway, you`re looking at about £200 oil change and about £600 for front discs and pads I think but don`t quote me on that as I haven`t had to do either yet.

I`m sure someone helpful will chime in soonish! I say just do it, these cars are ridiculous VFM at the moment, yes they are expensive to fuel but servicing is a far sight cheaper than other 500+ BHP machines.

It wasn`t so long ago that to get into the 200 mph club you were talking at least £100K even second hand, no you can get in for £25k ish.

Personally I wouldn`t buy pre 2007 or over 40,000 miles ish. Buy from BMW AUC for peace of mind.

My local bmw dealer quoted me £1400-£1600 for front discs and pads........

I ran my 05 M5 for 2 years and 30k miles, average 19 mpg biggest pain was having to stop so often.

A set of tyres was £1200.

I wouldnt touch without a full BMW AUC warranty.

S

[jontysafe]

How on earth did you get 19mpg?

[ecain63]

skeeterm5 said:

jontysafe said:

T`was a bit of a chip on the shoulder rant wasn`t it!

Anyway, you`re looking at about £200 oil change and about £600 for front discs and pads I think but don`t quote me on that as I haven`t had to do either yet.

I`m sure someone helpful will chime in soonish! I say just do it, these cars are ridiculous VFM at the moment, yes they are expensive to fuel but servicing is a far sight cheaper than other 500+ BHP machines.

It wasn`t so long ago that to get into the 200 mph club you were talking at least £100K even second hand, no you can get in for £25k ish.

Personally I wouldn`t buy pre 2007 or over 40,000 miles ish. Buy from BMW AUC for peace of mind.

My local bmw dealer quoted me £1400-£1600 for front discs and pads........

I ran my 05 M5 for 2 years and 30k miles, average 19 mpg biggest pain was having to stop so often.

A set of tyres was £1200.

I wouldnt touch without a full BMW AUC warranty.

S

Parts wise the front discs will set you back anywhere from £450 to £590 depending on your supplier. Pads are somewhere around £175 to £250 for OEM's. Fitting is dependant on your local dealer rates.

I still stand by my 'non-rant' first comment which.

[k15tox]

ecain63 said:

My comment wasn't a rant in any way. It was a blunt and realistic response. I'm sorry if my blunt reply offended you.

id hardly call it realistic.

i dont see any chavs driving rs6's

you need to get off your high horse.

sounds like a typical bmw owners response.

[broster]

I tend to agree with most of this! See it to often with cars at work, shame to see performance cars being ruined due to poor maintenance, spoils it for the next owner imo

ecain63 said:

Ok, for starters the reliability / maintenance costs should be of little concern when looking to buy into M5 ownership. This is a performance car we are talking about and not a regular run of the mill hack and will come with premium costs to match. Thats said, they dont break down often (later models hardly ever), and if you are smart and buy a BMW Warranty you wont be looking at any big bills for gearboxes etc. If you dont buy a BMW Warranty then in my opinion you are a fool, especially if the general running costs concern you.

Servcicing costs are average for a what would be an entry level supercar. Discs and pads are a big expense, oil needs topping up fairly regularly and the 'mileage / driving style' based servicing is quite pricey. But again this shouldnt concern you when buying an M5.

Fuel costs are horrific to put it mildly. My RS6 used to average 21mpg and i thought that was poor. My E61 M5 averages around 13mpg and with the small tank fill ups are very frequent. As said on this forum before, you will get to know your petrol station attendant very well. They only drink super unleaded too so no cheap fills on 95RON please. My last 100 miles cost me £35 of VPower so that gives you an idea.

If you are worried about running costs, is the RR a wise choice?

I dont want to sound negative but if your concerned about your bank balance then this probably isnt the car / market for you at the moment. Try a Vauxhall Insignia VXR or similar for a similar but cheaper ownership experience.

There is an annoying trend at the moment which is driving the value of our cars through the floor. This goes for the //M, RS and AMG ranges too. People are buying £75k cars for £25k at the very limit of thier budget and not considering the £75k car running costs that will follow. They happily drive the car for a month or so, just about paying the fuel bill. Then bang! They realise the car needs a big service or needs a new set of discs. Knowing thay cant afford to have the work done they opt not to pay for what is just part and parcel of the ownership experience. Then they quickly stick the car in the classifieds for £20k, only for it to be taken for £18k due to the impending bill for discs / servicing. The next guy struggles in the same way and before you know it the horrible 'pass the parcel' game has stripped the cars of any value. You can see how this affects the rest of the M5 owners!!

I had the same issue with my RS6. I bought in at a sensible price, then the recession hit. The value came down and into the reaches of tracksuit wearing chavvs who did exactly what i have described. This is how you can now buy an RS6 for £10k.

If you do go for an M5 then i wish you all the best.

[ecain63]

I'm amazed that I've now become a target for insult. Sounds like my high horse is not as high as sone others. And as far as your 'typical BMW owners' comment goes, well you are commenting in a BMW forum.

On the flip side it also looks like there is some agreement and I thank you for it. Make of it what you will, this is a discussion / opinions site and said opinions should not be answered with insults.

[ecain63]

Oh, and you do see chavs in RS6's. Maybe not the latest C6 model but defo in the C5. Same goes for the E39 M5. For ford focus money they are going to anyone and everyone. Shame!

[NIIKME]

Agree with the statement above ref the e39, and of course the e46 has gone the same way. To the OP, I half considered similar but opted for an m3. Plenty around for 30k...

[k15tox]

ecain63 said:

I'm amazed that I've now become a target for insult. Sounds like my high horse is not as high as sone others. And as far as your 'typical BMW owners' comment goes, well you are commenting in a BMW forum.

On the flip side it also looks like there is some agreement and I thank you for it. Make of it what you will, this is a discussion / opinions site and said opinions should not be answered with insults.

i have not thrown any insults.

depreciation is a natural occurence with cars, it actually means people like me who would never beable to own a great car, from new, can.

im not a chav and i look after every single car i own. ive yet to see an e39 m5 with a chav in it.
if you were to say impreza/evo yes. but ill carry on looking for chavs in m5's.

right im off back to my cave...........

[khushy]

k15tox said:

ecain63 said:

I'm amazed that I've now become a target for insult. Sounds like my high horse is not as high as sone others. And as far as your 'typical BMW owners' comment goes, well you are commenting in a BMW forum.

On the flip side it also looks like there is some agreement and I thank you for it. Make of it what you will, this is a discussion / opinions site and said opinions should not be answered with insults.

i have not thrown any insults.

depreciation is a natural occurence with cars, it actually means people like me who would never beable to own a great car, from new, can.

im not a chav and i look after every single car i own. ive yet to see an e39 m5 with a chav in it.
if you were to say impreza/evo yes. but ill carry on looking for chavs in m5's.

right im off back to my cave...........

but in fact - YOU ARE a chav ;-) in the same way the those women who tell you that they are not nuts - are the nuttiest around!

Edited by khushy on Thursday 2nd December 08:33