RE: BMW M5 Competition: Driven

RE: BMW M5 Competition: Driven

Author
Discussion

Tuvra

7,921 posts

226 months

Monday 6th August 2018
quotequote all
7795 said:
I'm being a bit picky here, but just 190mph? is there a reason this was made the top speed as it will clearly go a lot faster...

Gearing?
Tax reasons?
Economy?
Other?
Tyres would be my bet.

Collaudatore

1,055 posts

203 months

Monday 6th August 2018
quotequote all
E65Ross said:
7795 said:
I'm being a bit picky here, but just 190mph? is there a reason this was made the top speed as it will clearly go a lot faster...

Gearing?
Tax reasons?
Economy?
Other?
Not sure but it definitely isn't gearing or economy. I wonder if the Germans have another pact like the 155mph one.
It is remarkably close to 300kph, so either 300 is the new 250 kph, or the goal was to break 300kph.
Don't expect cars like this are built for top-speed Top Trumps though.

Rat_Fink_67

2,309 posts

207 months

Monday 6th August 2018
quotequote all
Tuvra said:
E65Ross said:
M5's have always been expensive. Based upon inflation, options etc, the M5 is no more expensive than it ever was. It just comes with a better standard spec than yester-year.
yes

The E60 was £68,000 new in 2005, according to the bank of England, £68,000 in 2005 is the equivalent of £96,527.14 in 2017
I understand what he means though, not many people's wages have increased nearly 42% over the same period to reflect it.

Edited to add that I'm still glad manufacturers are churning cars like this out though. Particularly in an age of hybrids, full electrics and diesel rubbish.

Edited by Rat_Fink_67 on Monday 6th August 10:03

theboss

6,922 posts

220 months

Monday 6th August 2018
quotequote all
Rat_Fink_67 said:
I understand what he means though, not many people's wages have increased nearly 42% over the same period to reflect it.

Edited to add that I'm still glad manufacturers are churning cars like this out though. Particularly in an age of hybrids, full electrics and diesel rubbish.

Edited by Rat_Fink_67 on Monday 6th August 10:03
I don't think that affordability of leases/PCPs means that much - the monthly PCP cost of my M5 has represented a little more than a third of the total cost of ownership over the last 40 months, which includes nearly £1k/month in fuel. Though to PH of course its all a big income bluff and a materialistic statement to my (non-existent) neighbours.

2 GKC

1,903 posts

106 months

Monday 6th August 2018
quotequote all
Can you flesh those numbers out a bit? A grand a month of unleaded must mean 40k miles a year, which would mean some fairly dramatic depreciation and a monthly PCP price that can't be far off a grand? So what's the rest going on?

JMF894

5,510 posts

156 months

Monday 6th August 2018
quotequote all
wab172uk said:
Does anyone else remember when cars were classed as affordable?

Nearly £100,000 for a BMW 5 series saloon

Maybe when interest rates rise, and cheap credit and PCP deals become less affordable, car prices will actually reflect what most people earn
It's partly the reason why i've now got a bike again. 0-60 in around 3.5s, 0-100 approx 7 for £6700 brand new. I was finding that buying and maintaining the type of cars I like was becoming prohibitively expensive. I know bikes/cars aren't the same ultimately but luckily for me I have the license and enjoy both. Cheap commuter barge for work and a newish family beemer: everyone's happy.

theboss

6,922 posts

220 months

Monday 6th August 2018
quotequote all
2 GKC said:
Can you flesh those numbers out a bit? A grand a month of unleaded must mean 40k miles a year, which would mean some fairly dramatic depreciation and a monthly PCP price that can't be far off a grand? So what's the rest going on?
Back of fag packet sums...

Car registered March 2015 mileage is now 92k

Total price paid for car on 0% PCP about £68k so depreciation is going to be over £40k. I daren't have it valued.

Average mpg about 20, don't have an average cost because its changed and my mileage has fluctuated at various points of ownership but conservatively 30p per mile equates to £27k total.

Road tax at £545 or thereabouts x 4 circa £2k

Insurance about £1300/annum circa £5k

Now service pack has ended I've paid several thousand for servicing. And the same again for tyres. Call it £5k.

It all adds up! But granted most people don't buy these machines for 30k mileage.

In summary its cost me about 2k/month against PCP montly of £722

Everyone's circumstances are different. Some might berate me for not saving all of the above in my pension.

On the other hand I've gone through a messy mid-life divorce in the same timeframe and can vouch that sometimes, just occasionally, a fast depreciating asset deep in negative equity isn't the end of the world. Its also helped keep a smile on my face.

Edited by theboss on Monday 6th August 11:03

JMF894

5,510 posts

156 months

Monday 6th August 2018
quotequote all
theboss said:
Back of fag packet sums...

Car registered March 2015 mileage is now 92k

Total price paid for car on 0% PCP about £68k so depreciation is going to be over £40k. I daren't have it valued.

Average mpg about 20, don't have an average cost because its changed and my mileage has fluctuated at various points of ownership but conservatively 30p per mile equates to £27k total.

Road tax at £545 or thereabouts x 4 circa £2k

Insurance about £1300/annum circa £5k

Now service pack has ended I've paid several thousand for servicing. And the same again for tyres. Call it £5k.

It all adds up! But granted most people don't buy these machines for 30k mileage.

In summary its cost me about 2k/month against PCP montly of £722

Everyone's circumstances are different. Some might berate me for not saving all of the above in my pension.

On the other hand I've gone through a messy mid-life divorce in the same timeframe and can vouch that sometimes, just occasionally, a fast depreciating asset deep in negative equity isn't the end of the world. Its also helped keep a smile on my face.

Edited by theboss on Monday 6th August 11:03
cool

hondansx

4,570 posts

226 months

Monday 6th August 2018
quotequote all
wab172uk said:
Does anyone else remember when cars were classed as affordable?

Nearly £100,000 for a BMW 5 series saloon

Maybe when interest rates rise, and cheap credit and PCP deals become less affordable, car prices will actually reflect what most people earn
Are you still earning what you did 13 years ago? For reference, that's when the E60 V10 came out. Trying to get a gauge on at what point you thought these cars were 'affordable'.

BMWBen

4,899 posts

202 months

Monday 6th August 2018
quotequote all
wab172uk said:
Does anyone else remember when cars were classed as affordable?

Nearly £100,000 for a BMW 5 series saloon

Maybe when interest rates rise, and cheap credit and PCP deals become less affordable, car prices will actually reflect what most people earn
laugh

It's not just "a BMW 5 series saloon" though is it? Did you look at the performance figures?

The 520i SE starts at £36,755 and is probably what you should actually be looking at...

J4CKO

41,641 posts

201 months

Monday 6th August 2018
quotequote all
Epic, I struggle to get chances to exercise a much more humble fastish BMW without seriously risking my license, how do owners of stuff like this manage, 4 seconds or so from standstill and you break every speed limit in the land, so plant your foot at 40, 4 seconds or so later in ban territory, must be so easy to hit 140/150 without really trying.

theboss

6,922 posts

220 months

Monday 6th August 2018
quotequote all
J4CKO said:
Epic, I struggle to get chances to exercise a much more humble fastish BMW without seriously risking my license, how do owners of stuff like this manage, 4 seconds or so from standstill and you break every speed limit in the land, so plant your foot at 40, 4 seconds or so later in ban territory, must be so easy to hit 140/150 without really trying.
We take our chances.

In 92k miles I haven't exactly driven everywhere with restraint and frustration, but I do live in a sparsely populated corner of rural England rather than the SE.

WCZ

10,538 posts

195 months

Monday 6th August 2018
quotequote all
hondansx said:
Are you still earning what you did 13 years ago? For reference, that's when the E60 V10 came out. Trying to get a gauge on at what point you thought these cars were 'affordable'.
deffo felt more affordable and you saw lots of E60 M5's around at the time too

BigChiefmuffinAgain

1,068 posts

99 months

Monday 6th August 2018
quotequote all
I had an M5 E39 way back when...

I remember at the time that it was probably the first super saloon to crack 5 seconds on the 0-60 and everyone was pretty gobsmacked at the time.

Now these things do it in 3.3 seconds and hardly anyone bats an eyelid....

I can imagine that the German motor industry must now be working on some way to adjust the time space continuum as they are rapidly running out of tenths of a second to improve on in every subsequent generation...

flight147z

978 posts

130 months

Monday 6th August 2018
quotequote all
Tuvra said:
E65Ross said:
M5's have always been expensive. Based upon inflation, options etc, the M5 is no more expensive than it ever was. It just comes with a better standard spec than yester-year.
yes

The E60 was £68,000 new in 2005, according to the bank of England, £68,000 in 2005 is the equivalent of £96,527.14 in 2017
Have wages gone up by the same degree (43%) over the same period of time though? If not they are still becoming less affordable.

Welshbeef

49,633 posts

199 months

Monday 6th August 2018
quotequote all
WCZ said:
deffo felt more affordable and you saw lots of E60 M5's around at the time too
You forget people back then self cert mortgages and loads of equity release to buy “things”. Possibly a lot more of that happend then than now.

M5’s never have been cheap never will be - though a £25k F10 M5’s will likely give 85% of what this does and you’d pay for it outright in a years ownership if that floats your boat

handpaper

1,296 posts

204 months

Monday 6th August 2018
quotequote all
Yeah, yeah. Very big, very fast, very tech. It's a modern M5; I'm sure many would love one.
But 'Competition'? No.
It's not a race car, it's not even a homologation special. It's never even going to see a race track outside of a track day (yeah, right) or product launch.

Even the M2/3/4 'Competition (Pack)' versions don't deserve the name. They're not for racing and never will be. The only competition involved is between investors trying to pick the version that will give the best return.

If Munich put out a stripped out, slimmed down, race prepped beast, preferably with a sponsored race series for it to compete in, that would deserve the tag 'Competition'.

These don't. They're just marketing dreck.

Welshbeef

49,633 posts

199 months

Monday 6th August 2018
quotequote all
handpaper said:
Yeah, yeah. Very big, very fast, very tech. It's a modern M5; I'm sure many would love one.
But 'Competition'? No.
It's not a race car, it's not even a homologation special. It's never even going to see a race track outside of a track day (yeah, right) or product launch.

Even the M2/3/4 'Competition (Pack)' versions don't deserve the name. They're not for racing and never will be. The only competition involved is between investors trying to pick the version that will give the best return.

If Munich put out a stripped out, slimmed down, race prepped beast, preferably with a sponsored race series for it to compete in, that would deserve the tag 'Competition'.

These don't. They're just marketing dreck.
Was the 968 Club sport how about the E46 M3 CS or the E36 M3 equivalent the F10 M5’s had a competition pack.

What about the “S” in the mercy?

richthebike

1,734 posts

138 months

Monday 6th August 2018
quotequote all
handpaper said:
Yeah, yeah. Very big, very fast, very tech. It's a modern M5; I'm sure many would love one.
But 'Competition'? No.
It's not a race car, it's not even a homologation special. It's never even going to see a race track outside of a track day (yeah, right) or product launch.

Even the M2/3/4 'Competition (Pack)' versions don't deserve the name. They're not for racing and never will be. The only competition involved is between investors trying to pick the version that will give the best return.

If Munich put out a stripped out, slimmed down, race prepped beast, preferably with a sponsored race series for it to compete in, that would deserve the tag 'Competition'.

These don't. They're just marketing dreck.
After you've purchased one you never have to see the name again, and regardless of what they're called they are different, and better, than the non comp cars.

Don't get hung up on the badge.

richthebike

1,734 posts

138 months

Monday 6th August 2018
quotequote all
I was quoted a very long wait a few months ago, and that was a standard M5. It was deep into 2019.

I wonder if people with deposits down can spec the Competition and keep their place in the queue?

Not sure there's an issue fuelling demand given there's a long wait list.