E60 M5. Financial suicide?
Discussion
Loved mine. Fuel is the significant cost. A full tank can last 90 miles, or stretch to 280-300 if you're lucky. Just depends. Mine averaged about 17mpg. Often think about getting another, but I had a nice one, so have positive memories. Some aren't so fortunate. Buy on condition, history and gut feel. Mileage is but a number.
Brother has one and knowing how he's one of those people who like to turn everything to 11 or max attack or whatever you'd call it I've been surprised how it hasn't been a money pit for him, he's had it what must be 6/7yrs so far and apart from the usual tyres/brakes the only extras have been the coilpacks he swapped (not cheap and of course x10) and he had to replace the clutch which was the most expensive items which came in at about £3500 using his very local BMW dealer.
I won't mention the fuel as you'll not be worried about that if you're considering one
I won't mention the fuel as you'll not be worried about that if you're considering one
I bought my E60 M5 from MattOz and it was a good experience running it for 3-4years but I had warranty. New owner has run it for a year with no warranty and no issues. Buy one that’s had a clutch and throttle actuators. Check discs and tyres as you could easily spend £2-3k on brakes and tyres. Buy from an enthusiast. Never had any issues with SMG. A mate has run one from 60k when he bought it and it’s now on 130k. He’s spent a few quid on it but nothing major. His biggest bill was preventative rod bearing replacement at 95k which was £1400. We have both done trackdays in them with no issues, nothing went bang, just wore my tyres out!
Saying all that, their are a lot of ropey ones out there that are money pits, be careful.
Saying all that, their are a lot of ropey ones out there that are money pits, be careful.
TheAngryDog said:
Fuel isn't an issue tbh, I only do 400 miles a month at the most usually.
I am more wondering about SMG etc
While the SMG can go wrong it's not as bad as the rest would have you think. The car as a whole however is scary! A guy I know is counting his lucky stars for it having a Mondial warranty ; BMW have forked out around 19k for a new engine! Maybe it wasn't necessary but it puts perspective on things, and I think my E46 M3 is pricey to run!I am more wondering about SMG etc
That said there are a number of people where the car has been fine. But the reliability of them has been questioned alot!
I'd buy one and love it, but a cast iron warranty like BMW's warranty would be required.
Edited by SebringMan on Monday 26th February 22:27
An auc car would be nice, but I aren't paying 22k for the only one that is available, especially as I do not like the exterior or interior colour.
My plan is / was to buy one with good history and SMG pump replacement, clutch and actuators, get the rod bearings done and then enjoy it for a year or so. I just want to own and experience that V10.
My plan is / was to buy one with good history and SMG pump replacement, clutch and actuators, get the rod bearings done and then enjoy it for a year or so. I just want to own and experience that V10.
SebringMan said:
While the SMG can go wrong it's not as bad as the rest would have you think. The car as a whole however is scary! A guy I know is counting his lucky stars for it having a Mondial warranty ; BMW have forked out around 19k for a new engine! Maybe it wasn't necessary but it puts perspective on things, and I think my E46 M3 is pricey to run!
That said there are a number of people where the car has been fine. But the reliability of them has been questioned alot!
I'd buy one and love it, but a cast iron warranty like BMW's warranty would be required.
The guy isn't over the North East is he.That said there are a number of people where the car has been fine. But the reliability of them has been questioned alot!
I'd buy one and love it, but a cast iron warranty like BMW's warranty would be required.
A guy I know has had £25k out of the warranty in 12 months, including a new engine due to sticking injector filling the sump with fuel, causing excessive oil consumption. 10 new injectors, some ECU modules and a steering rack!
He is thinking of selling E61 with 57k miles.
I'll check his location ; he's on Twitter. But that sounds about right. It's a Blue Touring with low miles.
As said the SMG motors that tend to go if you're unlucky aren't the worst thing to change. But the engine, diff and other issues really put me off.
OTOH these are probably owned by people who spank them from cold as well, and a low miler weekend car may be worse for that ; after all, the focus for a weekend car is more on 'enjoying it'.
I know two of my sold cars have this fate ; My face was not a picture when a buyer started my 944 S2 and revved it up to 5k straightaway ; I at the very least would have waited for the oil pressure to get up to scratch! He bought that for 'weekend thrasting' ; his words, not mine.
But I am cynical.
As said the SMG motors that tend to go if you're unlucky aren't the worst thing to change. But the engine, diff and other issues really put me off.
OTOH these are probably owned by people who spank them from cold as well, and a low miler weekend car may be worse for that ; after all, the focus for a weekend car is more on 'enjoying it'.
I know two of my sold cars have this fate ; My face was not a picture when a buyer started my 944 S2 and revved it up to 5k straightaway ; I at the very least would have waited for the oil pressure to get up to scratch! He bought that for 'weekend thrasting' ; his words, not mine.
But I am cynical.
Shaoxter said:
If you're just keeping it for a year, just get the BMW Insured Warranty and forget about the bearings/actuators etc as they're all covered.
Cost of the warranty does jump up if you buy a >60k mile example though.
Does that only work for a car with full main dealer history though?Cost of the warranty does jump up if you buy a >60k mile example though.
ETA: It's not a bad shout though, just did a quote on a 60k mile car, comprehensive is less than the cost of doing the rod bearings. Interesting.. I just them assume that FMDSH is a requirement for the warranty to cover me?
Edited by TheAngryDog on Tuesday 27th February 11:41
stevesingo said:
The guy isn't over the North East is he.
A guy I know has had £25k out of the warranty in 12 months, including a new engine due to sticking injector filling the sump with fuel, causing excessive oil consumption. 10 new injectors, some ECU modules and a steering rack!
He is thinking of selling E61 with 57k miles.
Coming back to it the injector issue is very unfortunate, especially as they are "normal" injectors! I've heard of injectors dying but not being stuck on a 100% duty cycle!A guy I know has had £25k out of the warranty in 12 months, including a new engine due to sticking injector filling the sump with fuel, causing excessive oil consumption. 10 new injectors, some ECU modules and a steering rack!
He is thinking of selling E61 with 57k miles.
Shaoxter said:
If you're just keeping it for a year, just get the BMW Insured Warranty and forget about the bearings/actuators etc as they're all covered.
Cost of the warranty does jump up if you buy a >60k mile example though.
Bearings aren't covered. If a shell spins you need a new engine mondial only cover the cost of the car minus VAT the rest you have to pick upCost of the warranty does jump up if you buy a >60k mile example though.
Dan_M5 said:
Shaoxter said:
If you're just keeping it for a year, just get the BMW Insured Warranty and forget about the bearings/actuators etc as they're all covered.
Cost of the warranty does jump up if you buy a >60k mile example though.
Bearings aren't covered. If a shell spins you need a new engine mondial only cover the cost of the car minus VAT the rest you have to pick upCost of the warranty does jump up if you buy a >60k mile example though.
Shaoxter said:
Dan_M5 said:
Shaoxter said:
If you're just keeping it for a year, just get the BMW Insured Warranty and forget about the bearings/actuators etc as they're all covered.
Cost of the warranty does jump up if you buy a >60k mile example though.
Bearings aren't covered. If a shell spins you need a new engine mondial only cover the cost of the car minus VAT the rest you have to pick upCost of the warranty does jump up if you buy a >60k mile example though.
I’ve had mine for four years. Ran it for the first couple of years as a daily driver and now I do about 5,000 a year.
It was well maintained and had four previous owners, with receipts for clutch, smg pump, actuators and servicing.
It had 79k when I purchased it without warranty.
There have been some issues but running costs have averaged 300 quid a month.
Next time you’re in the area, let me know. You’re welcome to try it out.
Shanny
It was well maintained and had four previous owners, with receipts for clutch, smg pump, actuators and servicing.
It had 79k when I purchased it without warranty.
There have been some issues but running costs have averaged 300 quid a month.
Next time you’re in the area, let me know. You’re welcome to try it out.
Shanny
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