What do you think is a fair price for this e39 M5?
What do you think is a fair price for this e39 M5?
Author
Discussion

jamesm3

Original Poster:

13 posts

210 months

Friday 9th October 2009
quotequote all
Been looking for an M5 for a while and this one ticks a lot of boxes for me.

Just wondering what would be a fair price to pay for it?


http://cgi.ebay.co.uk/2002-BMW-E39-M5-LEMANS-BLUE-...


rassi

2,513 posts

274 months

Friday 9th October 2009
quotequote all
10-11K?

andye30m3

3,496 posts

277 months

Friday 9th October 2009
quotequote all
I'm surprised how cheap M5's have become, I guess it due to running costs.

As a guide to price this one, a year older but with similar millage was advertised for £7.5k so I expect sold for nearer £7k?
http://www.pistonheads.com/sales/1221183.htm


jamesm3

Original Poster:

13 posts

210 months

Friday 9th October 2009
quotequote all
Thanks,

He has set the reserve at 11.5k.

I don't think thats too bad looking at the other 02 plate cars for sale. The other 2 examples on ebay are 12995 and they are just standard.

I'm willing to pay a bit more for one with wheels, exhaust etc as i was going to do that anyway.


jamesm3

Original Poster:

13 posts

210 months

Friday 9th October 2009
quotequote all
andye30m3 said:
I'm surprised how cheap M5's have become, I guess it due to running costs.

As a guide to price this one, a year older but with similar millage was advertised for £7.5k so I expect sold for nearer £7k?
http://www.pistonheads.com/sales/1221183.htm
That was a bargain for someone! I really have to have the satnav/tv though.

maddernj

224 posts

269 months

Friday 9th October 2009
quotequote all
As a guide I sold my 2001 Y Plate for £10,300 about a month ago. It was Black with Black leather, Sat Nav, Recent Insp II 62k really good condition.

andye30m3

3,496 posts

277 months

Friday 9th October 2009
quotequote all
Not sure I'd want to pay £11.5k for an M5 with over 100,000 miles on it.

There's a few much lower millage cars on the classifieds for similar money.

With regards to the exhaust and wheels, Although you might like them I wouldn't say they add any value to the car and maybe even put a number of buyers off.

jamesm3

Original Poster:

13 posts

210 months

Friday 9th October 2009
quotequote all
andye30m3 said:
Not sure I'd want to pay £11.5k for an M5 with over 100,000 miles on it.

There's a few much lower millage cars on the classifieds for similar money.

With regards to the exhaust and wheels, Although you might like them I wouldn't say they add any value to the car and maybe even put a number of buyers off.
I agree, to the average buyer they don't really add value, however, as this is my plan anyway it could save me money in the long run. 1k exhaust, 1.5k alloys. That puts it (in my eyes) at 9k.

kentmotorcompany

2,471 posts

233 months

Friday 9th October 2009
quotequote all
If it looks like it could be for you. I would go and have a look before bidding with a view to buying and taking it away there and then.

If you like it and everything stacks up with the history etc, tell him you have money with you and would be happy to agree a deal.

This could potentaily save him the hassle of someone else winning the auction and messing him around afterwards, and you the risk of losing the car in the last few seconds of the auction.

If he does not want to end the auction early at least you can go home and bid with confidence.

smack

9,768 posts

214 months

Friday 9th October 2009
quotequote all
I would get on to the M5board and find him/check his old posts, to get some history of the car/owner. Though if he mentioned it in the ad, then there might not be nothing too bad on there.

cosworth330

1,313 posts

260 months

Friday 9th October 2009
quotequote all
I bought a facelift M5 in July after looking at 5 so called good condition ones, they all look shiney in the pic's but there are a lot of dogs about. Even a 2 owner 70k mile one i travelled 400 mile trip it was not upto scratch. You will always get the odd good deal/bargain but in the main you have to pay good money for a nice M5 that you will have no problem selling on. A lot of the cheaper ones tend to have poor spec,dodgy interior colours,no sat nav etc. You would not believe the cars i saw with rust around the petrol flap & on the boot, looks great when you show the car off to friends with lovely rust patches !!!!!!

I would prefer that M5 on its standard wheels,looks a bit chav style with wheels & blinds but easy to sort, would be nice to have a late 02 plate one. Their is no way of telling what its worth without seeing & driving it, they vary so much in condition & the way they drive/go. Goodluck.

I would say to find a really good M5 is a hard job !

Simon.

mikey-r

408 posts

220 months

Friday 9th October 2009
quotequote all
I paid £8k for my facelift 2001 Y last month. Le Mans blue, 10months tax, 108k, FBMWSH - still 4 green lights, mint refurbed wheels, plain black leather interior(don't really like the coloured inserts), SATNAV, heated electric seats etc. It does need a bonnet respray because of the stone chips (been quoted approx £400).

Deciding factor for me was that the former owner (5 years) was a friend of the service manager at the main dealer - I managed to speak to him (the service manager) and talk through the history... the car had wanted for nothing.

I also got PMW in Chelmsford to do a pre-purchase inspection which it passed with just a couple of insignificant advisories.

With regard to the advert above where he claims "mid to late 30's on a run" - utter garbage. I can just get about 27 on an extended free run. Expect very low 20's for normal (non hoon) driving.

Best car I've ever owned/driven. cloud9


paoloh

8,617 posts

227 months

Friday 9th October 2009
quotequote all
jamesm3 said:
andye30m3 said:
Not sure I'd want to pay £11.5k for an M5 with over 100,000 miles on it.

There's a few much lower millage cars on the classifieds for similar money.

With regards to the exhaust and wheels, Although you might like them I wouldn't say they add any value to the car and maybe even put a number of buyers off.
I agree, to the average buyer they don't really add value, however, as this is my plan anyway it could save me money in the long run. 1k exhaust, 1.5k alloys. That puts it (in my eyes) at 9k.
How much are the wheels and exhaust 2nd hand???

jamesm3

Original Poster:

13 posts

210 months

Friday 9th October 2009
quotequote all
paoloh said:
jamesm3 said:
andye30m3 said:
Not sure I'd want to pay £11.5k for an M5 with over 100,000 miles on it.

There's a few much lower millage cars on the classifieds for similar money.

With regards to the exhaust and wheels, Although you might like them I wouldn't say they add any value to the car and maybe even put a number of buyers off.
I agree, to the average buyer they don't really add value, however, as this is my plan anyway it could save me money in the long run. 1k exhaust, 1.5k alloys. That puts it (in my eyes) at 9k.
How much are the wheels and exhaust 2nd hand???
Not far off what I said above. I know that just the wheels on this M5 cost over 3k new. I also know trying to find a nice 2nd hand performance exhaust is virtually impossible, there just aren't any around!