E60 M5 :D

[jon-]

When did these become such a performance bargain?! 25k for a 50,000 miler with a FSH seems around average.

Are there serious issues with high mileage cars I don't know about (other than fuel consumption?)

I'm tempted to run one for a few months just so I can say I've had one. They can't be due to lose that much more can they?

http://www.pistonheads.com/sales/2197525.htm
http://www.pistonheads.com/sales/2101700.htm

[homerjay]

its a 5 year old, £65k car.

plus arent the 'cheap' ones, are gonnna be 'cheap' for a reason?

is it really a bargain?

Edited by homerjay on Tuesday 26th October 13:21

[H_Kan]

Its lost around 60% of its value in 4 years and a new shape 5 series is out, so the price is probably around what you'd expect imo.

Lovely cars and I've generally only heard praise from owners of them.

[jon-]

homerjay said:

its a 5 year old, £65k car.

plus arent the 'cheap' ones, are gonnna be 'cheap' for a reason?

is it really a bargain?

That's what I'm hoping to find out from this thread, tt's a lot of car for the money, even at 5 years old.

25k doesn't seem to be "cheap", it's the average market value for that spec / mileage. They get down to the low 20s for the "cheap" ones.

Edited by jon- on Tuesday 26th October 13:28

[trickywoo]

These are even cheaper.

http://www.pistonheads.com/sales/2132649.htm

[homerjay]

another option

http://www.pistonheads.com/sales/2119077.htm

[alock]

jon- said:

They can't be due to lose that much more can they?

You can get an M5 for less than £4K. There's nothing special about the E60 to stop it getting that low.

[130R]

I believe the BMW extended warranty starts to get expensive over 60k miles, something to consider. It's £951 a year below 60k miles FYI. Running costs are steep as you'd expect but not astronomical for a car like this. I don't think the new model will dent prices of 25k cars too much because it will be almost 3 times as much so not really the same market.

[homerjay]

130R said:

I believe the BMW extended warranty starts to get expensive over 60k miles, something to consider. It's £951 a year below 60k miles FYI. Running costs are steep as you'd expect but not astronomical for a car like this. I don't think the new model will dent prices of 25k cars too much because it will be almost 3 times as much so not really the same market.

define 'steep' and 'astronomical'

[Zod]

130R said:

I believe the BMW extended warranty starts to get expensive over 60k miles, something to consider. It's £951 a year below 60k miles FYI. Running costs are steep as you'd expect but not astronomical for a car like this. I don't think the new model will dent prices of 25k cars too much because it will be almost 3 times as much so not really the same market.

unless you believe the guy on the "Why can't I sell my M6?" thread, who thinks that they are the same market.

[Great Pretender]

homerjay said:

130R said:

I believe the BMW extended warranty starts to get expensive over 60k miles, something to consider. It's £951 a year below 60k miles FYI. Running costs are steep as you'd expect but not astronomical for a car like this. I don't think the new model will dent prices of 25k cars too much because it will be almost 3 times as much so not really the same market.

define 'steep' and 'astronomical'

If you have to ask...

[Zod]

Apart from petrol and (for buyers from new) depreciation, costs are not actually that high. Anything that has gone wrong on mine has been covered by the warranty, both original and extended. BMW seem to have a sensible attitude to claims on the extended warranty from my experience.

[kambites]

Seems expensive for a five year old saloon car to me. It'll be worth a pittance in a few years' time.

Nice car, but don't expect it to be especially cheap to run and certainly don't believe it wont depreciate.

Edited by kambites on Tuesday 26th October 14:14

[homerjay]

Great Pretender said:

homerjay said:

130R said:

I believe the BMW extended warranty starts to get expensive over 60k miles, something to consider. It's £951 a year below 60k miles FYI. Running costs are steep as you'd expect but not astronomical for a car like this. I don't think the new model will dent prices of 25k cars too much because it will be almost 3 times as much so not really the same market.

define 'steep' and 'astronomical'

If you have to ask...

i have to ask because i dont know.

plus everything is relative.

[John D.]

I've seen a few E60 M5 Ds'




Diesel

[McSam]

homerjay said:

Great Pretender said:

homerjay said:

130R said:

I believe the BMW extended warranty starts to get expensive over 60k miles, something to consider. It's £951 a year below 60k miles FYI. Running costs are steep as you'd expect but not astronomical for a car like this. I don't think the new model will dent prices of 25k cars too much because it will be almost 3 times as much so not really the same market.

define 'steep' and 'astronomical'

If you have to ask...

i have to ask because i dont know.

plus everything is relative.

The conclusion is that if you have to ask, you will not be able to afford it

[homerjay]

McSam said:

homerjay said:

Great Pretender said:

homerjay said:

130R said:

I believe the BMW extended warranty starts to get expensive over 60k miles, something to consider. It's £951 a year below 60k miles FYI. Running costs are steep as you'd expect but not astronomical for a car like this. I don't think the new model will dent prices of 25k cars too much because it will be almost 3 times as much so not really the same market.

define 'steep' and 'astronomical'

If you have to ask...

i have to ask because i dont know.

plus everything is relative.

The conclusion is that if you have to ask, you will not be able to afford it

maybe i can, maybe i cant.

but unless somebody tells me how much, then i'll never know.

[H_Kan]

homerjay said:

McSam said:

homerjay said:

Great Pretender said:

homerjay said:

130R said:

I believe the BMW extended warranty starts to get expensive over 60k miles, something to consider. It's £951 a year below 60k miles FYI. Running costs are steep as you'd expect but not astronomical for a car like this. I don't think the new model will dent prices of 25k cars too much because it will be almost 3 times as much so not really the same market.

define 'steep' and 'astronomical'

If you have to ask...

i have to ask because i dont know.

plus everything is relative.

The conclusion is that if you have to ask, you will not be able to afford it

maybe i can, maybe i cant.

but unless somebody tells me how much, then i'll never know.

Agreed, the notion of if you need to ask then you can't afford it is pretty stupid. Plenty of people on modest incomes run high end cars because that is their passion and they can do so by being careful with their money.

[130R]

Very rough estimates: Fuel ~ 17mpg, tyres ~ £1200, brakes ~ £1.5k, clutch with flywheel ~ £3k, then servicing on top. Pretty much it with a warranty.

[thesyn]

Was reading on another forum that the V10 engine is very complex and difficult for anyone but a few trained BMW techs to work on.

Does this mean that there a re never going to be non franchised specialists and therefore the E60 M5 will never join previous M5s as an enthusiasts car?