Anyone tracking E60 M5 Prices?
Discussion
Yes I have been,
Asking prices jumped £2k or so since last year HOWEVER none at all seem to be selling. The same cars are up month after month after month after month, note pics of dash all seem to show fuel light on - not good for this car,
Selling prices tend to be along lines of following
£11k for 100k miler hpi clear
£13k for 80k miler
£15k for 60k
£16k for 50k miler
Indianapolis red doesn't sell. Black and silver stone do. Black is maybe too common.. No one likes wood dash, black leather popular.
Vendors don't advertise cars well eg detail stamps, vanos, smg pump, clutch, flywheel, tyres, actuators, rod bearings etc
Big difference in cars for sale for same price. Main dealer ones often not great condition but come with warranty which is worth something.
Few private sales, most are back street dealers peddling them who have no idea what to look for and sticking on a cheap worthless warranty,
Worse still is the m6 - literally none are selling. Vendors see advertised prices and stick them up at that price but they just sit there.
Asking prices jumped £2k or so since last year HOWEVER none at all seem to be selling. The same cars are up month after month after month after month, note pics of dash all seem to show fuel light on - not good for this car,
Selling prices tend to be along lines of following
£11k for 100k miler hpi clear
£13k for 80k miler
£15k for 60k
£16k for 50k miler
Indianapolis red doesn't sell. Black and silver stone do. Black is maybe too common.. No one likes wood dash, black leather popular.
Vendors don't advertise cars well eg detail stamps, vanos, smg pump, clutch, flywheel, tyres, actuators, rod bearings etc
Big difference in cars for sale for same price. Main dealer ones often not great condition but come with warranty which is worth something.
Few private sales, most are back street dealers peddling them who have no idea what to look for and sticking on a cheap worthless warranty,
Worse still is the m6 - literally none are selling. Vendors see advertised prices and stick them up at that price but they just sit there.
Schermerhorn said:
People are understandably nervous when it comes to them.
Last year, at point, it felt as though I couldn't even give mine away!
yours was a good warrantied car and even that was hard to sell.Last year, at point, it felt as though I couldn't even give mine away!
Imagine a 90k miler in red with wood dash, 7 owners and no evidence of clutch flywheel smg pump and actuators. Or a black one with 104k on it that's been remapped and on bald tyres.
To sell these you have to drop the price to significantly below what is advertised
jonah35 said:
yours was a good warrantied car and even that was hard to sell.
Imagine a 90k miler in red with wood dash, 7 owners and no evidence of clutch flywheel smg pump and actuators. Or a black one with 104k on it that's been remapped and on bald tyres.
To sell these you have to drop the price to significantly below what is advertised
No doubt, I seriously wouldn't touch one without warranty after what I went though. Think all my claims added upto £7000+. That's a huge amount for a car that only saw 4000 miles in 18 months and was driving mainly on weekends!Imagine a 90k miler in red with wood dash, 7 owners and no evidence of clutch flywheel smg pump and actuators. Or a black one with 104k on it that's been remapped and on bald tyres.
To sell these you have to drop the price to significantly below what is advertised
E60 M5 57 plate facelift, Interlagos blue with horrible chavvy black grilles, 72K miles was up for £17,950 at a secondhand cars sales place near me. It's just sold after about a month. Silverstome 2006 at Norwich sports cars 60 odd thousand miles was up for £16,995 now sold. Only know this as the chap that bought my E39 M5 is now looking for a E60 M5 and rang up about those 2 cars and they have now sold. A lot of them do sit about for sale for a long while but no different to E39 M5 and F10 M5. Some of E39's have been for sale for months.
cube320 said:
I advertised mine last year and had no interest, just stupid offers of £10k
Mines well looked after, fbmwsh, 53k, new tyres, invoices for work etc. I did advertise it at £16,995 ono might try again in a few weeks as i fancy getting a c63
Could you put up more details. The reason I've been looking is I'm looking at buying.Mines well looked after, fbmwsh, 53k, new tyres, invoices for work etc. I did advertise it at £16,995 ono might try again in a few weeks as i fancy getting a c63
Obviously it's worth over £10k but less than £16
cosworth330 said:
E60 M5 57 plate facelift, Interlagos blue with horrible chavvy black grilles, 72K miles was up for £17,950 at a secondhand cars sales place near me. It's just sold after about a month. Silverstome 2006 at Norwich sports cars 60 odd thousand miles was up for £16,995 now sold. Only know this as the chap that bought my E39 M5 is now looking for a E60 M5 and rang up about those 2 cars and they have now sold. A lot of them do sit about for sale for a long while but no different to E39 M5 and F10 M5. Some of E39's have been for sale for months.
Someone has paid big money then for a 72k miler assuming he paid within 3k of asking.jonah35 said:
cosworth330 said:
E60 M5 57 plate facelift, Interlagos blue with horrible chavvy black grilles, 72K miles was up for £17,950 at a secondhand cars sales place near me. It's just sold after about a month. Silverstome 2006 at Norwich sports cars 60 odd thousand miles was up for £16,995 now sold. Only know this as the chap that bought my E39 M5 is now looking for a E60 M5 and rang up about those 2 cars and they have now sold. A lot of them do sit about for sale for a long while but no different to E39 M5 and F10 M5. Some of E39's have been for sale for months.
Someone has paid big money then for a 72k miler assuming he paid within 3k of asking.I paid £15.5... talk of getting cars cheaper wasn't a reality except for lesser spec/ less desirable cars when i was looking and plenty became sold while I was looking.
This time I got an imola 2 red car 80k, full leather with active seats, tinted glass etc etc with the clutch and throttle actuators recently done.... dealers wanted 2-3k more for lesser spec same mileage cars. HPI valued the car at the time £1k less than I paid.
andygtt said:
I bought mine 3 months ago... I looked around and having had one I knew what I wanted spec (some big options were important) and maintenance wise. I basically had to pay the same money I paid for an almost identical car 4 years previous, I didn't have a warranty with either car and given my first car is still sitting on my drive with an SMG failure and effectively written off I know exactly what risk that is.
I paid £15.5... talk of getting cars cheaper wasn't a reality except for lesser spec/ less desirable cars when i was looking and plenty became sold while I was looking.
This time I got an imola 2 red car 80k, full leather with active seats, tinted glass etc etc with the clutch and throttle actuators recently done.... dealers wanted 2-3k more for lesser spec same mileage cars. HPI valued the car at the time £1k less than I paid.
I remember the car being for sale. Looked striking in red.I paid £15.5... talk of getting cars cheaper wasn't a reality except for lesser spec/ less desirable cars when i was looking and plenty became sold while I was looking.
This time I got an imola 2 red car 80k, full leather with active seats, tinted glass etc etc with the clutch and throttle actuators recently done.... dealers wanted 2-3k more for lesser spec same mileage cars. HPI valued the car at the time £1k less than I paid.
That's the trouble with cheap ish cars like this - a fault can write the car off. On a more expensive car you can fix it. This will get rid of a few over the next few years
Surprisingly of the 40 odd cars I've had, my E60 M5 sold the fastest, in around 36 hrs of putting it up for sale!
It might of been the rarity of the colour combo, condition, low mileage and fantastic spec but still it was a V10 so wasn't expecting it fly out the door! Still miss mine, great cars.
It might of been the rarity of the colour combo, condition, low mileage and fantastic spec but still it was a V10 so wasn't expecting it fly out the door! Still miss mine, great cars.
SPORTSTER said:
For another 5k get an AUC one with a warranty
Or... take out the Mondial BMW Insured warranty for much less than £5k!!cosworth330 said:
E60 M5 57 plate facelift, Interlagos blue with horrible chavvy black grilles
I've changed to chavvy black front grilles 
With the tricolour slats too 
jonah35 said:
I remember the car being for sale. Looked striking in red.
That's the trouble with cheap ish cars like this - a fault can write the car off. On a more expensive car you can fix it. This will get rid of a few over the next few years
Interested to hear what fault costs 15.5k to fix?That's the trouble with cheap ish cars like this - a fault can write the car off. On a more expensive car you can fix it. This will get rid of a few over the next few years
Khaki Suit said:
jonah35 said:
I remember the car being for sale. Looked striking in red.
That's the trouble with cheap ish cars like this - a fault can write the car off. On a more expensive car you can fix it. This will get rid of a few over the next few years
Interested to hear what fault costs 15.5k to fix?That's the trouble with cheap ish cars like this - a fault can write the car off. On a more expensive car you can fix it. This will get rid of a few over the next few years
But, as you'll be aware, on a 15.5k car of there was say an £8k fault for example then people would consider breaking the car
Khaki Suit said:
jonah35 said:
I remember the car being for sale. Looked striking in red.
That's the trouble with cheap ish cars like this - a fault can write the car off. On a more expensive car you can fix it. This will get rid of a few over the next few years
Interested to hear what fault costs 15.5k to fix?That's the trouble with cheap ish cars like this - a fault can write the car off. On a more expensive car you can fix it. This will get rid of a few over the next few years
Exchange rebuilt engines are available for £5k now plus fitting.... they are not cheap to maintain whatever spin you put on the car, but they are more than worth it IMO.
Gassing Station | M Power | Top of Page | What's New | My Stuff