E60 M5s down to £14k!
Discussion
Personally
I don't think its as well built as an E39, its certainly not as pretty. From some angles, its even vulgar.
The interior quality is a step back, not forward.
It has the chance to bite you in the arse and then come back for seconds with eye watering bills.
I wouldn't even consider running one without a warranty.
Buy an E39.
I don't think its as well built as an E39, its certainly not as pretty. From some angles, its even vulgar.
The interior quality is a step back, not forward.
It has the chance to bite you in the arse and then come back for seconds with eye watering bills.
I wouldn't even consider running one without a warranty.
Buy an E39.
Well, they're not E39 prices, are they? £6k gets you into an E39 these days, and there isn't really any overlap at all in the markets.
Interestingly, almost exactly the same numbers were produced of each model - about 20,000 - so I reckon the E60 will drop just as far, and in 20 years' time probably further, as it's not considered quite the all-round masterpiece the E39 was.
Interestingly, almost exactly the same numbers were produced of each model - about 20,000 - so I reckon the E60 will drop just as far, and in 20 years' time probably further, as it's not considered quite the all-round masterpiece the E39 was.
Yep great headline stats but I don't think history will judge it too kindly. Touring is probably its saving grace.
On a similar topic I've been browsing mid life crisis convertables in the sub 5k performance category and it won't be long before the E46 M3 reaches this level and that is a lovable M car. TBH I think they are bottoming out and a well kept weekend toy might prove depreciation proof for 12+ months, if brought at the right price of course.
On a similar topic I've been browsing mid life crisis convertables in the sub 5k performance category and it won't be long before the E46 M3 reaches this level and that is a lovable M car. TBH I think they are bottoming out and a well kept weekend toy might prove depreciation proof for 12+ months, if brought at the right price of course.
Edited by Jaroon on Tuesday 5th February 00:00
Jaroon said:
I've been browsing mid life crisis convertables in the sub 5k performance category and it won't be long before the E46 M3 reaches this level and that is a lovable M car. TBH I think they are bottoming out and a well kept weekend toy might prove depreciation proof for 12+ months, if brought at the right price of course.
Those are equally capable of delivering eye-watering bills.Key question is always, when was the last Inspection 2 and what work was actually carried out?
Been looking at the E60 M5 myself on and off.
Very good car and at a bargain price too.
Frightening maintenance costs put me off.
I would try and get one that has just recently had its brakes,clutch and tyres done,get a warranty and then look at 18-24 months motoring before off loading it.
Very good car and at a bargain price too.
Frightening maintenance costs put me off.
I would try and get one that has just recently had its brakes,clutch and tyres done,get a warranty and then look at 18-24 months motoring before off loading it.
£6k gets you a ropey e39, the big issue for many buyers is the limited tank range and much more in the way for potential ££ bills. I went e39 as I find it a much better looking car and feels more analogue, involved. E60 is fantastic but, to me, it was more an M for the middle aged middle manager/sales guy that wanted to have an M whereas the older car was more for the discerning driver.
I don't thin the E60 will age as well as the 39 and whilst 39 prices will dip a bit more the strong, good examples will stabalise at the higher end whilst the 60s will continue to drop. The 39 does have the potnetial for some big bills (Vanos which can be repaired quite cheaply these days) but there is nowhere near as many complex systems as there is in the e60.
I don't thin the E60 will age as well as the 39 and whilst 39 prices will dip a bit more the strong, good examples will stabalise at the higher end whilst the 60s will continue to drop. The 39 does have the potnetial for some big bills (Vanos which can be repaired quite cheaply these days) but there is nowhere near as many complex systems as there is in the e60.
Aren't the fuel bills an issue too? I love my e39 but i can nurse around 24-5 mpg on a steady cruise. I hear the average on an e60 is around 12-16. That's just silly when you have the other additional ownership costs on too. I've already decided I'm keeping my e39 rather than get into that. i think it would begin to hurt too much to do the job it's intended i.e. A-B! I'd end up buying a diesel schlepper whixh would defeat the purpose of the m5 as an all rounder.
aeropilot said:
Maintainace bills - which have the potential to be horrific as the older cars become unwarrantable - which is why prices are plummeting.
Another 3 or 4 years and you won't be able to give an early car away.
Pretty much this. Pre 60k miles the BMW warranty protects you from most of the potential big bills, all for a reasonable £90/pcm. Once you're over 60k it jumps to over double that per month, and if the car in unwarrantable it becomes a lottery.Another 3 or 4 years and you won't be able to give an early car away.
If I was to own a high mileage one (I've looked at the M6 seriously before) I'd want a £10k+ slush fund for a new engine / gearbox.
jon- said:
If I was to own a high mileage one (I've looked at the M6 seriously before) I'd want a £10k+ slush fund for a new engine / gearbox.
I think the engine alone is over £10k new 
So, you'd probably need at least a min £15k slushfund to cover yourself for a new engine/box combo, plus fitting
I wonder how many they actually have sitting in crates in the parts store these days, given they've actually stopped making them.....?
aeropilot said:
jon- said:
If I was to own a high mileage one (I've looked at the M6 seriously before) I'd want a £10k+ slush fund for a new engine / gearbox.
I think the engine alone is over £10k new So, you'd probably need at least a min £15k slushfund to cover yourself for a new engine/box combo, plus fitting
I wonder how many they actually have sitting in crates in the parts store these days, given they've actually stopped making them.....?
Either way, I can see a lot of the V10s being broken for parts. Working engines will demand a premium.
Always wondered about M5’s. On one hand they are very fast, well built and handle superbly. On the other hand they cost a fortune to run, no longer come with a manual gearbox in the UK (which most enthusiasts prefer) and are clearly not immune from heavy depreciation even when a few years old. The big issue for me is that if you took away the M5’s huge performance what have you got left? A well built, well equipped, large, heavy saloon car. I just wouldn’t use the performance enough to justify the running costs and when I did use the performance I would always be afraid of losing my license. Although I haven’t driven either, I would be willing to bet that an original M5 would be more fun than the current F10 M5 for more of the time.
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