Thursday 19th June 2014

BMW M5 E28: Spotted

Hankering after an E28 after Chris's LM exploits? You won't find many better than this!

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To say Chris is quite keen on his E28 M5 would be underselling his adoration massively. His blog updates from last weekend should have made that patently clear, just in case the video hadn't already.

Can we have it without the aerokit please?

But of course the first M5 is significant for all petrolheads as it initiated a supersaloon war that has continued to this day. And who doesn't love an overpowered saloon? Through five generations and 30 years, the M5 has always been there or thereabouts as the de facto fast four-door of choice. Various iterations have battled Audi RS models, AMG Mercs and R Jaguars but of course none would quite have the impact of the original. The M1 was fairly bold from BMW but then to drop the engine into a saloon that looked much like a 525 appeared lunacy back in the mid 80s.

The status that comes with being the first M saloon means values are starting to climb, though not quite to the crazy heights of E30 M3s yet. Chris's was purchased a few years back for around £9K, others in the classifieds are just over £20K, and then there's this car. Sold new in South Africa (so it's RHD), the mileage is low, the history comprehensive and its condition apparently flawless. It's £55,000.

Still less than some E30s at £55K

For those who initially baulked at that figure, you're not alone. But M5s in this condition are surely dwindling, and it's still a little way off the best E30s. As a collectors' item this E28 would be perfect, but then we're back to the old preservation argument with classics; drive and enjoy but worry about value or cherish and miss out on a great car?

Hopefully that's a debate that run here for a little while. It shouldn't depreciate like a new one at least. And would you just look at that engine bay shot?

 

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BMW M5 E28
Engine: 3,453cc straight-six
Transmission: 5-speed manual, rear-wheel drive, LSD
Power (hp): 286@6,500rpm
Torque (lb ft): 251@4,500rpm
MPG: N/A
CO2: N/A
First registered: 1987
Recorded mileage: 39,000
Price new: £31,295 (1985)
Yours for: £55,000

See the original advert here.

 

[chelme]

Cynical piss take, but hey what else to expect from some of these dealers? There will be some idiot wiling to fork out £55k only to then suffer for it when the bubble bursts.

[b14]

Munich Legends = 50% uplift. Lovely car but that's some Foxton's price inflation going on right there.

[blearyeyedboy]

Buy this one instead and put the rest in the bank.

http://www.pistonheads.com/classifieds/used-cars/b...

[Amirhussain]

£55 grand! fk that! Much better stuff to spend your money on.

Don't get it wrong, I like the E28 M5, but I don't 55 thousand pound like it.

[Chicane-UK]

Lovely price but a ludicrous price. I do tend to hanker after older cars these days but honestly would rather take a nearly new M5 at that sort of price.

[X5TUU]

Hmmmm I do like them, but the centralised yet off centre exhaust would destroy me and my OCD within days. And 55k is just plain ludicrous tbh

[MagicMike]

£55k! As we say in my game "YOURS"

You'd have to be drowning in nostalgia, or desperate to emulate Harris to even consider the offer. As much as it's a lovely car, as a speculator, could you even expect to receive a sufficient return on that to justify the outlay?

I suppose the question here is what would any of the other PH'ers be willing to pay for this?

[GranCab]

blearyeyedboy said:

Buy this one instead and put the rest in the bank.

http://www.pistonheads.com/classifieds/used-cars/b...

I think you may find that is an M535i ... not an M5

[Lowtimer]

blearyeyedboy said:

Buy this one instead and put the rest in the bank.

http://www.pistonheads.com/classifieds/used-cars/b...

That's not an M5, though: it's an M535i.

However, if I had a huge pile of cash doing nothing I would be looking to pay about £20K max for an excellent E28 M5, not £55k.

[kambites]

I had no idea they were worth that sort of money.

[Lowtimer]

I think the s=consensus here is that they aren't It hasn't sold yet....

Really good ones do now go at £20K plus. This one is in uncharted territory, pricewise.

[kambites]

I didn't even realise they were in five figures.

[northernmedia]

kambites said:

I had no idea they were worth that sort of money.

They're not

[myhandle]

Red is OK on an E28 M5, but not with the bodykit as well. A bit of the M5's appeal comes from the subtlety, and the ones with the factory option bodykit from the M535i, like this one, lose some of the subtlety and look a bit aftermarket.

Why does it have a black rear M5 badge, that is also badly aligned? That would have to go.

M1 in the background looks pretty nice however.

[leedsutd1]

Thought it was April 1st for a minute then

[Mermaid]

At half the price, it is a good buy.

[GarageQueen]

I phoned about it and told they had taken a deposit last week, looks good

[Olf]

GarageQueen said:

I phoned about it and told they had taken a deposit last week, looks good

Have you still got yours?

[chelme]

MagicMike said:

£55k! As we say in my game "YOURS"...

...I suppose the question here is what would any of the other PH'ers be willing to pay for this?

£25k tops.

[fushion julz]

blearyeyedboy said:

Buy this one instead and put the rest in the bank.

http://www.pistonheads.com/classifieds/used-cars/b...

But that one isn't an M5...it doesn't have the M88 motor, for a start, and is also a tad overpriced.