Cost of M5 Ownership
Discussion
Deep breath time....
Had the vehicle check and spark plugs done today.....gear box oil sump was leaking slightly, so had to be fixed (not even my first warranty claim!!).....total bill £650
I've just reserved four new tyres (currently wearing out the remaining tread in this lovely dry weather)....£1130
Thankfully, pads and discs are good for now.....
Oh and I had to fill up on the way back....about £80!!
I could of course save money by going independent, but have to weigh up that up against any potential warranty complications.....a bit of a bummer this!!
[My car is serviced by the dealer that supplied it.....it's never been anywhere else!]
I have to say though that, for what these cars are, the running costs are more than reasonable.
The condition-based sevicing is reminiscent of my Evo days though....things tend to crop up fairly frequently if you use the car (average mileage rather than say 5000 miles a year!)
It can be rather indulgent this.....pissing money away on a car and fuel etc when so many people are struggling......I might even join them if I keep this up!!
Jazzer
Jazzer
Had the vehicle check and spark plugs done today.....gear box oil sump was leaking slightly, so had to be fixed (not even my first warranty claim!!).....total bill £650
I've just reserved four new tyres (currently wearing out the remaining tread in this lovely dry weather)....£1130
Thankfully, pads and discs are good for now.....
Oh and I had to fill up on the way back....about £80!!
I could of course save money by going independent, but have to weigh up that up against any potential warranty complications.....a bit of a bummer this!!
[My car is serviced by the dealer that supplied it.....it's never been anywhere else!]
I have to say though that, for what these cars are, the running costs are more than reasonable.
The condition-based sevicing is reminiscent of my Evo days though....things tend to crop up fairly frequently if you use the car (average mileage rather than say 5000 miles a year!)
It can be rather indulgent this.....pissing money away on a car and fuel etc when so many people are struggling......I might even join them if I keep this up!!
Jazzer
Jazzer
Lucky you 
I had a horrible month!
Plug service but needed to replace 8 coils, 4 under warranty 4 I had to pay for, oil service total £1100ish
Then 4 new tryes, best deal I could get was £1150 but thats for PS2s would never go back to contis again!
New discs, pads, and hubs (stoptech not oem) total £1600
replace both front lower arm somehtings, but under 2 warranty claims with £100 excess each time grrrr Total of £3800 in last month
On the bright side petrol card softeners the everyday blow of M5 ownership!
I had a horrible month!Plug service but needed to replace 8 coils, 4 under warranty 4 I had to pay for, oil service total £1100ish
Then 4 new tryes, best deal I could get was £1150 but thats for PS2s would never go back to contis again!
New discs, pads, and hubs (stoptech not oem) total £1600
replace both front lower arm somehtings, but under 2 warranty claims with £100 excess each time grrrr Total of £3800 in last month
On the bright side petrol card softeners the everyday blow of M5 ownership!New discs already Sir?!!
You been hooning again?
The standard brake set up does let the car down somewhat....just as with all M-cars.....I feel a change coming, even just for road driving.
But thanks Mark.....you've made me feel considerably happier.....I've just shown this to the other half...."You see darling, I'm not so bad after all!!"
Jazzer
You been hooning again?
The standard brake set up does let the car down somewhat....just as with all M-cars.....I feel a change coming, even just for road driving.
But thanks Mark.....you've made me feel considerably happier.....I've just shown this to the other half...."You see darling, I'm not so bad after all!!"
Jazzer
Wow! That's some serious expenditure for one month!
Let me get this right. You had 8 out of 10 coils go on your car and you have a BMW warranty, but they made you pay for 4 of them?
That don't sound right to me!
If bills come that thick and fast then maybe I should put the idea of buying on the back burner
On a side, Elite in Rainham have been good for me in the past. Are you based near there mate?
Let me get this right. You had 8 out of 10 coils go on your car and you have a BMW warranty, but they made you pay for 4 of them?
That don't sound right to me!
If bills come that thick and fast then maybe I should put the idea of buying on the back burner
On a side, Elite in Rainham have been good for me in the past. Are you based near there mate?
Well you need to remember I do a LOT of miles in the beast, now on 115,000 miles! So it is in for service often, just very bad luck, everything falling due at the same time! To be fair in 3 years of ownership it;s the first they all happened at once! On the bright side will be fine for a few months now, at around 40,000 a year it is never long before one service or another is due, and certainly never more than 3 months before tyres need replacing!
The coils were an interesting problem. In a nutshel when taken to Sytners they explained they were damaged when removed by last dealer- Scotahlls, they showed me and they did actually to be quite well buchered. So I thought 4/8 seemed fair.
As for the discs, they take a punishing for sure! Stopping quickly is just as important to getting to a decent speed quickly! BUT can't fault the stopping power of these things time and again with no brake fade
The coils were an interesting problem. In a nutshel when taken to Sytners they explained they were damaged when removed by last dealer- Scotahlls, they showed me and they did actually to be quite well buchered. So I thought 4/8 seemed fair.
As for the discs, they take a punishing for sure! Stopping quickly is just as important to getting to a decent speed quickly! BUT can't fault the stopping power of these things time and again with no brake fade
M5 Mark said:
Well you need to remember I do a LOT of miles in the beast, now on 115,000 miles! So it is in for service often, just very bad luck, everything falling due at the same time! To be fair in 3 years of ownership it;s the first they all happened at once! On the bright side will be fine for a few months now, at around 40,000 a year it is never long before one service or another is due, and certainly never more than 3 months before tyres need replacing!
The coils were an interesting problem. In a nutshel when taken to Sytners they explained they were damaged when removed by last dealer- Scotahlls, they showed me and they did actually to be quite well buchered. So I thought 4/8 seemed fair.
As for the discs, they take a punishing for sure! Stopping quickly is just as important to getting to a decent speed quickly! BUT can't fault the stopping power of these things time and again with no brake fade
The coils were an interesting problem. In a nutshel when taken to Sytners they explained they were damaged when removed by last dealer- Scotahlls, they showed me and they did actually to be quite well buchered. So I thought 4/8 seemed fair.
As for the discs, they take a punishing for sure! Stopping quickly is just as important to getting to a decent speed quickly! BUT can't fault the stopping power of these things time and again with no brake fade
40000 miles a year in an M5.....on a fuel card.....you lucky b
d!!DeanR32 said:
So Scotthalls were to blame. Ok, fair enough, but why didn't they just replace them under your warranty? Am I wrong in thinking BMW uk foot the bill for genuine warranty claims? Just seems wired why they'd even get fussy when they don't lay out no money in a claim
They said because the damage was done by another dealer they couldn;t clainm and that I would have to take it up with the dealer. To be honest I couldn't be assed to argue, I tried a bit but they were sticking to their guns. I DO find now with warranty claims they are starting to try and use the "wear and tear" route due to my mileage so figure best to save any arguments until then, and at £65 for a coil is it really worth the hassle of chasing previous dealers?i would not stand for that. I had to replace all my spark plugs recently on my E60 M5 and because they weren't done at the required time by a previous dealer prior to my ownership my current dealer tried to charge me for a faulty coil. My case was that I paid for an approved used car with a BMW warranty, the warranty was agreed at the time of purchase and that any problems prior to that were the responsibility of the issuing dealer rather than myself. They paid up.
A discussion with the dealer principal (or whatever they may wish to call themselves these days) will usually result in a reasonable outcome if you are not getting anywhere with the service advisor.
A discussion with the dealer principal (or whatever they may wish to call themselves these days) will usually result in a reasonable outcome if you are not getting anywhere with the service advisor.
Doc,
You still thinking about moving on from the M5?
The running costs become an issue at a certain point....£2K services etc
I usually reach a point where I've had my fun with a car and will not be doing anything different with it in the future, hence sale time.
The M5 though really gets under the skin.....there's something about them......many other cars feel inadequate in comparison....so I'll hang on in there for now.....still thrills me.
Deciding to sell is one thing.....actually selling, in terms of finding a buyer willing to pay a decent price, is quite another.....there are not too many nutters out there like us who can stomach M5 running costs.....but I believe that a well maintained car with warranty will always rise to the top and find a good home sooner rather than later.
I believe mine to be worth £25-26K privately and would hope to sell it, when the time comes, to someone who knows me and the car.....we'll see!!
Jazzer
You still thinking about moving on from the M5?
The running costs become an issue at a certain point....£2K services etc
I usually reach a point where I've had my fun with a car and will not be doing anything different with it in the future, hence sale time.
The M5 though really gets under the skin.....there's something about them......many other cars feel inadequate in comparison....so I'll hang on in there for now.....still thrills me.
Deciding to sell is one thing.....actually selling, in terms of finding a buyer willing to pay a decent price, is quite another.....there are not too many nutters out there like us who can stomach M5 running costs.....but I believe that a well maintained car with warranty will always rise to the top and find a good home sooner rather than later.
I believe mine to be worth £25-26K privately and would hope to sell it, when the time comes, to someone who knows me and the car.....we'll see!!
Jazzer
Hi Jazzer,
I'm in two minds about it - I think you're right about the problems in finding a decent buyer. The car does really do it for me as well so I would certainly not sell it unless the sale price was reasonable. I do often think I've found the ultimate car with this beast - it does pretty much everything but at serious cost! The worst thing would be to sell it and end up with a money pit that didn't quite cut the mustard :-)
I'm in two minds about it - I think you're right about the problems in finding a decent buyer. The car does really do it for me as well so I would certainly not sell it unless the sale price was reasonable. I do often think I've found the ultimate car with this beast - it does pretty much everything but at serious cost! The worst thing would be to sell it and end up with a money pit that didn't quite cut the mustard :-)
DocSteve said:
Hi Jazzer,
I'm in two minds about it - I think you're right about the problems in finding a decent buyer. The car does really do it for me as well so I would certainly not sell it unless the sale price was reasonable. I do often think I've found the ultimate car with this beast - it does pretty much everything but at serious cost! The worst thing would be to sell it and end up with a money pit that didn't quite cut the mustard :-)
That's an excellent point.....you would not be the first to regret selling a beast!!I'm in two minds about it - I think you're right about the problems in finding a decent buyer. The car does really do it for me as well so I would certainly not sell it unless the sale price was reasonable. I do often think I've found the ultimate car with this beast - it does pretty much everything but at serious cost! The worst thing would be to sell it and end up with a money pit that didn't quite cut the mustard :-)
Hey gents,
sorry to butt into other chat here but I thought I would share my on early experiences with an E60 M5. I bought my black E60 M5 (2005) earlier laste year - September-ish. I had a Focus RS 305 for 6 months prior to this and began to get this urge for an M3 (6 cylinder version). You might like to know I was a biker up to this point and had deisel company cars for 12 years previously. The move to the petrol performance was one based on my intention to rid of the biking dangers for peace with the wife. Anyway, in my search for an M3, i discovered that I could afford an M5 and whilst i prefered the look of the M3, I could get away from the urge for the fastest saloon on the market, and having had a 3 series before, I knew that the 5 would be better suited to my family of four.
Anyway, 8-9 months in, and I still love the M5. It has always, and still is my dream car. Yet I dont drive it hard. I love it more for its status and presence more than its shear performance.
Running costs are scarey, especially with the miles that I do - 400/wk, but it hasnt put me off yet, even though I spend every spare bit of cash.
I took out a comprehensive warranty with BMW at 760/yr (100 xs) and it has already paid for itself. A reverse sensor failure, idrive failure, and fuel sensor body failure, which must have totalled about £2,000.00 to the warranty company, would have crippled me. My yearly insurance is £900 and tax is £245. I fear the tyre replacement, but yet I still drool over the car every time I look at it, and why oh why am i considerign going into debt for a new set of 20" alloys and a better sounding set of rear silencers!!!??
I think that I have worked it out. Life is to be lived. Living life is experiencing and doing as much as you can, on your own as well as with your family, without being of detriment to your family and others. I welcome anyones words of correction if I have got it wrong. I still wonder whether or not I can actually afford an M5!!
sorry to butt into other chat here but I thought I would share my on early experiences with an E60 M5. I bought my black E60 M5 (2005) earlier laste year - September-ish. I had a Focus RS 305 for 6 months prior to this and began to get this urge for an M3 (6 cylinder version). You might like to know I was a biker up to this point and had deisel company cars for 12 years previously. The move to the petrol performance was one based on my intention to rid of the biking dangers for peace with the wife. Anyway, in my search for an M3, i discovered that I could afford an M5 and whilst i prefered the look of the M3, I could get away from the urge for the fastest saloon on the market, and having had a 3 series before, I knew that the 5 would be better suited to my family of four.
Anyway, 8-9 months in, and I still love the M5. It has always, and still is my dream car. Yet I dont drive it hard. I love it more for its status and presence more than its shear performance.
Running costs are scarey, especially with the miles that I do - 400/wk, but it hasnt put me off yet, even though I spend every spare bit of cash.
I took out a comprehensive warranty with BMW at 760/yr (100 xs) and it has already paid for itself. A reverse sensor failure, idrive failure, and fuel sensor body failure, which must have totalled about £2,000.00 to the warranty company, would have crippled me. My yearly insurance is £900 and tax is £245. I fear the tyre replacement, but yet I still drool over the car every time I look at it, and why oh why am i considerign going into debt for a new set of 20" alloys and a better sounding set of rear silencers!!!??
I think that I have worked it out. Life is to be lived. Living life is experiencing and doing as much as you can, on your own as well as with your family, without being of detriment to your family and others. I welcome anyones words of correction if I have got it wrong. I still wonder whether or not I can actually afford an M5!!
Hey gents,
sorry to butt into other chat here but I thought I would share my on early experiences with an E60 M5. I bought my black E60 M5 (2005) earlier laste year - September-ish. I had a Focus RS 305 for 6 months prior to this and began to get this urge for an M3 (6 cylinder version). You might like to know I was a biker up to this point and had deisel company cars for 12 years previously. The move to the petrol performance was one based on my intention to rid of the biking dangers for peace with the wife. Anyway, in my search for an M3, i discovered that I could afford an M5 and whilst i prefered the look of the M3, I could get away from the urge for the fastest saloon on the market, and having had a 3 series before, I knew that the 5 would be better suited to my family of four.
Anyway, 8-9 months in, and I still love the M5. It has always, and still is my dream car. Yet I dont drive it hard. I love it more for its status and presence more than its shear performance.
Running costs are scarey, especially with the miles that I do - 400/wk, but it hasnt put me off yet, even though I spend every spare bit of cash.
I took out a comprehensive warranty with BMW at 760/yr (100 xs) and it has already paid for itself. A reverse sensor failure, idrive failure, and fuel sensor body failure, which must have totalled about £2,000.00 to the warranty company, would have crippled me. My yearly insurance is £900 and tax is £245. I fear the tyre replacement, but yet I still drool over the car every time I look at it, and why oh why am i considerign going into debt for a new set of 20" alloys and a better sounding set of rear silencers!!!??
I think that I have worked it out. Life is to be lived. Living life is experiencing and doing as much as you can, on your own as well as with your family, without being of detriment to your family and others. I welcome anyones words of correction if I have got it wrong. I still wonder whether or not I can actually afford an M5!!
sorry to butt into other chat here but I thought I would share my on early experiences with an E60 M5. I bought my black E60 M5 (2005) earlier laste year - September-ish. I had a Focus RS 305 for 6 months prior to this and began to get this urge for an M3 (6 cylinder version). You might like to know I was a biker up to this point and had deisel company cars for 12 years previously. The move to the petrol performance was one based on my intention to rid of the biking dangers for peace with the wife. Anyway, in my search for an M3, i discovered that I could afford an M5 and whilst i prefered the look of the M3, I could get away from the urge for the fastest saloon on the market, and having had a 3 series before, I knew that the 5 would be better suited to my family of four.
Anyway, 8-9 months in, and I still love the M5. It has always, and still is my dream car. Yet I dont drive it hard. I love it more for its status and presence more than its shear performance.
Running costs are scarey, especially with the miles that I do - 400/wk, but it hasnt put me off yet, even though I spend every spare bit of cash.
I took out a comprehensive warranty with BMW at 760/yr (100 xs) and it has already paid for itself. A reverse sensor failure, idrive failure, and fuel sensor body failure, which must have totalled about £2,000.00 to the warranty company, would have crippled me. My yearly insurance is £900 and tax is £245. I fear the tyre replacement, but yet I still drool over the car every time I look at it, and why oh why am i considerign going into debt for a new set of 20" alloys and a better sounding set of rear silencers!!!??
I think that I have worked it out. Life is to be lived. Living life is experiencing and doing as much as you can, on your own as well as with your family, without being of detriment to your family and others. I welcome anyones words of correction if I have got it wrong. I still wonder whether or not I can actually afford an M5!!
GWak said:
Hey gents,
sorry to butt into other chat here but I thought I would share my on early experiences with an E60 M5. I bought my black E60 M5 (2005) earlier laste year - September-ish. I had a Focus RS 305 for 6 months prior to this and began to get this urge for an M3 (6 cylinder version). You might like to know I was a biker up to this point and had deisel company cars for 12 years previously. The move to the petrol performance was one based on my intention to rid of the biking dangers for peace with the wife. Anyway, in my search for an M3, i discovered that I could afford an M5 and whilst i prefered the look of the M3, I could get away from the urge for the fastest saloon on the market, and having had a 3 series before, I knew that the 5 would be better suited to my family of four.
Anyway, 8-9 months in, and I still love the M5. It has always, and still is my dream car. Yet I dont drive it hard. I love it more for its status and presence more than its shear performance.
Running costs are scarey, especially with the miles that I do - 400/wk, but it hasnt put me off yet, even though I spend every spare bit of cash.
I took out a comprehensive warranty with BMW at 760/yr (100 xs) and it has already paid for itself. A reverse sensor failure, idrive failure, and fuel sensor body failure, which must have totalled about £2,000.00 to the warranty company, would have crippled me. My yearly insurance is £900 and tax is £245. I fear the tyre replacement, but yet I still drool over the car every time I look at it, and why oh why am i considerign going into debt for a new set of 20" alloys and a better sounding set of rear silencers!!!??
I think that I have worked it out. Life is to be lived. Living life is experiencing and doing as much as you can, on your own as well as with your family, without being of detriment to your family and others. I welcome anyones words of correction if I have got it wrong. I still wonder whether or not I can actually afford an M5!!
TOTAL RESPECT.....YOU'RE ONE OF US FOR SURE!!sorry to butt into other chat here but I thought I would share my on early experiences with an E60 M5. I bought my black E60 M5 (2005) earlier laste year - September-ish. I had a Focus RS 305 for 6 months prior to this and began to get this urge for an M3 (6 cylinder version). You might like to know I was a biker up to this point and had deisel company cars for 12 years previously. The move to the petrol performance was one based on my intention to rid of the biking dangers for peace with the wife. Anyway, in my search for an M3, i discovered that I could afford an M5 and whilst i prefered the look of the M3, I could get away from the urge for the fastest saloon on the market, and having had a 3 series before, I knew that the 5 would be better suited to my family of four.
Anyway, 8-9 months in, and I still love the M5. It has always, and still is my dream car. Yet I dont drive it hard. I love it more for its status and presence more than its shear performance.
Running costs are scarey, especially with the miles that I do - 400/wk, but it hasnt put me off yet, even though I spend every spare bit of cash.
I took out a comprehensive warranty with BMW at 760/yr (100 xs) and it has already paid for itself. A reverse sensor failure, idrive failure, and fuel sensor body failure, which must have totalled about £2,000.00 to the warranty company, would have crippled me. My yearly insurance is £900 and tax is £245. I fear the tyre replacement, but yet I still drool over the car every time I look at it, and why oh why am i considerign going into debt for a new set of 20" alloys and a better sounding set of rear silencers!!!??
I think that I have worked it out. Life is to be lived. Living life is experiencing and doing as much as you can, on your own as well as with your family, without being of detriment to your family and others. I welcome anyones words of correction if I have got it wrong. I still wonder whether or not I can actually afford an M5!!
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