2008 M5 Touring E61 for £19,100 on Ebay. Bargain surely?

[keith333]

Just seen this auction end for a 2008 M5 60k miles at £19,100. That must be a bargain! Private sale so bound to be less than the £23-26k dealers would charge. Gives you some protection though if anything goes wrong.

http://www.ebay.com/itm/BMW-M5-Touring-/2511991836...

Edited by keith333 on Wednesday 19th December 13:39

[Johnb850]

A stunning Silverstone Blue one sold here in Northern Ireland for less than 19k. It only had roughly 30000 miles and had a full dealer history. It was a 2007 car if I remember correctly.

The rarity of the touring is a quality only valued by a select few.

Personally I think they're a great car and handle suprisingly well on a track.

Edited by Johnb850 on Wednesday 19th December 13:15

[phelix]

I would venture that whether or not it's a bargain depends on the state of the tyres, brakes and clutch. These items can set you back 3-4K. AUC Warranty is worth at least 1K at that mileage, perhaps more.

[E30M3SE]

The service history looks a little 'tricky'.

[BOR]

I think resale value takes a big step down, after the 60 000 mile watershed. After 60k, the warranty goes up by an amount which various peole have quoted as between an additional 500GBP to 2000GBP per year. So over a three year ownership period, the initial purchase price doesn't look so cheap.

If you are ok to run it without a warranty, then it looks like a bargain.

[keith333]

E30M3SE said:

The service history looks a little 'tricky'.

Yes, I thought that was iffy where the mileage had been accidentally duplicated on the last two services. I'll bet that put people off.

[E30M3SE]

There's that, but it's missing a service as well,

ad said:

1138 miles BMW 13/03/08

30354 miles BMW 30/04/10

[davewhitt]

looks great in the service book

1138 miles BMW 13/03/08

30354 miles BMW 30/04/10

32673 miles BMW 22/06/10

46301 miles BMW 28/02/

but were the plugs changed at the 3rd oil change?,has the gearbox been serviced and dif oil changed.

mines now at 72k,just had plugs,smg service and belts just to make sure it's up to date

btw anybody took out a uk warranty with 70k+miles auc still running till the summer

[ecain63]

You'll never know unless you have a look. Might be a desperate seller at that price as its way below what it should be. Is the clutch on its way out? Has the vanos gone? Has it been launched to oblivion? Only one way to know. Phone up and see what the score is!

[Jazzer]

It's very, very hard to sell even superb examples of E61s/E60s in the current climate, with prices reflecting this.

Mind you, I wouldn't touch the car in question when the likes of Eddie's stunning E61 is up for grabs for a few grand more.....what a buy that will be for somebody!

Resale worries me more and more, so next time I may well explore contract hire or even a PCP route.

The F10 M5 is haemorrhaging money at the moment

eg I know of one that went privately (good spec, good nick, year old, 7500 miles)for 49K!!!

[ecain63]

Jazzer said:

It's very, very hard to sell even superb examples of E61s/E60s in the current climate, with prices reflecting this.

Mind you, I wouldn't touch the car in question when the likes of Eddie's stunning E61 is up for grabs for a few grand more.....what a buy that will be for somebody!

Resale worries me more and more, so next time I may well explore contract hire or even a PCP route.

The F10 M5 is haemorrhaging money at the moment

eg I know of one that went privately (good spec, good nick, year old, 7500 miles)for 49K!!!

Ha! Where do I send your sales fees?

[Jazzer]

ecain63 said:

Ha! Where do I send your sales fees?

No fee required Eddie.....it's a cracking car and brilliant value for some lucky guy.....you get what you pay for in this life!!

[Babw]

Jazzer said:

The F10 M5 is haemorrhaging money at the moment

eg I know of one that went privately (good spec, good nick, year old, 7500 miles)for 49K!!!

Whaaa ?

I keep trawling the adverts for these and the cheapest I've seen is about 55k.

49k is staggering!

[ecain63]

A car advertised at £55k could be had for £49k if you press the dealers buttons.

[Jazzer]

Private sellers have particular problems.....£50-£60K is a lot for a private purchase and would give most punters hebeegeeebeeees!
So £49K is really not that surprising.
By the way, I only know this because he's a good friend.....this was the only offer in 5 months!!!
I would have had it off him, just did not want the colour (great colour, but the same as my current one!)

[Babw]

ecain63 said:

A car advertised at £55k could be had for £49k if you press the dealers buttons.

Yes of course at a dealer but from what I gather the 49k car was a private sale.

I drove one at a Sytners and a few days later it was sold so it's not as if they're standing around at dealer for months. Bloody good cars for the 40-50k bracket.

[darreni]

davewhitt said:

looks great in the service book

1138 miles BMW 13/03/08

30354 miles BMW 30/04/10

32673 miles BMW 22/06/10

46301 miles BMW 28/02/

but were the plugs changed at the 3rd oil change?,has the gearbox been serviced and dif oil changed.

mines now at 72k,just had plugs,smg service and belts just to make sure it's up to date

btw anybody took out a uk warranty with 70k+miles auc still running till the summer

BMW warranty is £2300 ish p/a over 60k miles.
This & the mpg figures are the reason why they are cheap(ish).

[ecain63]

darreni said:

davewhitt said:

looks great in the service book

1138 miles BMW 13/03/08

30354 miles BMW 30/04/10

32673 miles BMW 22/06/10

46301 miles BMW 28/02/

but were the plugs changed at the 3rd oil change?,has the gearbox been serviced and dif oil changed.

mines now at 72k,just had plugs,smg service and belts just to make sure it's up to date

btw anybody took out a uk warranty with 70k+miles auc still running till the summer

BMW warranty is £2300 ish p/a over 60k miles.
This & the mpg figures are the reason why they are cheap(ish).

As a point to note, if you buy a sub 60k mile car and purchase the MONTHLY warranty the price won't change when you go past 60k unlike the annual policy that nearly doubles in price. It's a no brainer going down this route if you're looking to buy.

[Cheburator mk2]

You get what you pay for - £19k is not bad, but it has a missed oil service at the very least and at 60k miles - the warranty cost from BMW is prohibitive...

I am holding onto mine until I can pick up a Panamera at a reasonable cost. VW - there is no substitute

[keith333]

Someone made a comment, maybe in the buyers guide, that you shouldn't be thinking (worrying?) about costs when looking to buy an M5, but being Scottish its hard for me to ignore :-). They are classic cars, but my worry is that in the future they will simply become too uneconomical to keep going and rather than hit a floor, say £10k, they will simply keep depreciating to very little. You can't say that about the simpler MGs, Triumphs, BMWs, etc made in the 70s and 80s.