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      12-28-2008, 12:55 PM   #1
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questions about used M5

i came across an M5 for sale and before i test drive it etc... i woudl like to know a bit more about the possible upcomming maintenance on the car as well as any reccomended maintenance on it. it has higher miles on it as well.. so i am a bit less inclined to jump on it.

not sure what you guys may need to know but here is what i know about it from the ad..

Price:$22,995
Year: 2001 BMW
Model: M5
Mileage: 77628
Exterior Color: Le Mans Blue
Interior Color: Black


thoughts? things i shodul be wary of?
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      12-28-2008, 02:19 PM   #2
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Try and find one with less miles, the E39 M5 is an absolute classic but you can find a better deal. . .I'd pass on this.
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      12-28-2008, 05:29 PM   #3
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noticed your garage and your 550i....

is taht your daily driver? i see your profile says east coast...

just curious on how she handles in the winter.
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      12-28-2008, 05:32 PM   #4
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well,you better skip it!
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      12-28-2008, 11:17 PM   #5
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Originally Posted by Deda View Post
well,you better skip it!

so, not a good deal then?
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      12-28-2008, 11:40 PM   #6
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Quote:
Originally Posted by Deda View Post
well,you better skip it!
dont pay attention to him, the only reason he post is to increase his post count...

that M5 seems to have quiet a bit of miles on it, i bet you can find one with less
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      12-29-2008, 09:20 AM   #7
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It's actually not that many miles for a 2001. It averaged 10k miles a year, which is lower than the typical car's average (12-15k a year). My 7 series is only 3 years older and has 165k miles...
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      12-29-2008, 12:05 PM   #8
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Quote:
Originally Posted by xanaduguy View Post
i came across an M5 for sale and before i test drive it etc... i woudl like to know a bit more about the possible upcomming maintenance on the car as well as any reccomended maintenance on it. it has higher miles on it as well.. so i am a bit less inclined to jump on it.

not sure what you guys may need to know but here is what i know about it from the ad..

Price:$22,995
Year: 2001 BMW
Model: M5
Mileage: 77628
Exterior Color: Le Mans Blue
Interior Color: Black


thoughts? things i shodul be wary of?
It's an M car, so you have to be ready to dish out the money IF something were to go wrong. The mileage isn't THAT high, but it's not low either... just around average. Give it a test drive, see how the car is. The M5 will be a future classic, no doubt. However, the only thing you should be worried about is maintenance issues. It'll cost a lot and you have to be prepared to pay for them.

Keep an eye out for something with less miles, even if it does cost a bit more. A well kept vehicle and a daily drive can make all the difference, especially for sports cars like these.
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      12-29-2008, 03:02 PM   #9
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Not to poop on that car but it took me 3 minutes to find this one.

01' Asking $22,990. Clean reports noted. This is a great mileage car for an 01'.

Maybe the best 5 body ever. I would not worry that much about repairs. A really good, honest and fair mechanic would be a major must have though.
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      12-29-2008, 04:02 PM   #10
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I member by buddy had one back in the days and the car can get VERY EXPENSIVE!!!....

i member his vanos went out at 49k miles or whatever...it was a 6k job
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      12-29-2008, 05:45 PM   #11
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A bit off topic.

Was a manual transmission available on the 06' M5?
SMG is all I am seeing.

06' with 14,000 miles asking $41,000.
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      12-29-2008, 06:06 PM   #12
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Quote:
Originally Posted by AlpineCloud9 View Post
dont pay attention to him, the only reason he post is to increase his post count...

that M5 seems to have quiet a bit of miles on it, i bet you can find one with less
the only reason you post here is to have somekind of social life...i never liked guys like you...pretend to be smart and say nothing!

my comments are short,so what?! dont read them!

your answer is very smart and usefull!

Hell0? it is 8 years old car with 80000 miles,that car should be recycled long ago!
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      12-29-2008, 06:08 PM   #13
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Quote:
Originally Posted by gonzo View Post
A bit off topic.

Was a manual transmission available on the 06' M5?
SMG is all I am seeing.

06' with 14,000 miles asking $41,000.
SMG only for 06.

WTF is up with your sig? You have a foot fetish or something?
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      12-29-2008, 06:11 PM   #14
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Thanks. I have read the SMG is harsh at times. ???

And no. It's Syd Barret. I am tired of looking at his feet too. Time for a change.
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      12-29-2008, 06:52 PM   #15
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I was looking at an 06 with the SMG and it was so jerky that it would make me not want to take a chick out in it.

Sorry for being offtopic.
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      12-30-2008, 12:44 PM   #16
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+1 SMG is very jerky. go manual
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      12-30-2008, 01:05 PM   #17
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It is not a bad price for the mileage. The mileage is considered low, not high for a 2001.

I have owned my 2002 M5 for nearly two years now. It has been an outstanding vehicle. Sure, it's no Toyota in the reliability department, but then again, it doesn't drive anything near like my Toyotas either.

You need have an pre-purchase inspection done on ANY car you buy. Let BMW or another competent independent shop go over the car with a fine tooth comb.

Yes, a M5 can be expensive to fix, but then again, any BMW is. I have owned BMW's almost all my life and the parts are just expensive period.

I also suggest you log in and read read read on the M5board.com. Look at the top of the E39 section, there are a BUNCH of threads about what to look for what to be aware of in these cars.

Along with Titanium silver, Carbon black is one of the most popular colors out there.

If you buy this one, or another, you will not be disappointed. This is a classic car with classic styling. There is a BIG reason why the newer E60's are going down in price, of course I am biased, but no E39 ever went down in price so quick. I feel really bad for all the new E60 owners that are loosing their pants on that car. A great car, but not as distinguished as the E39 (my opinion only, don't flame).

Regards,
John
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      12-30-2008, 04:52 PM   #18
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the picture showing the 56k mile car has a faulty dashboard, and a horid wooden dash steer clear.....

mines on 80k miles and tis fine, infact a lovely car. Drove to tuscany and back (3k miles) no issues and kept up with the other cars in attendance (911, c63 amg, 355 rari, boxster s, etc) without missing a beat...its a truely great car does everything...even went around the nurberg ring...

Wouldnt want to own something like an X6 and watch the value fall through the floor like a lead balloon. Values in the UK are falling drastically for all cars, you can get an SL55 AMG 2003 for around 22k thats a 100k+ car.....thats just an example...

E90 M5's go for around 22-25k 2005 etc

keep to a low miler if possible but with maybe just two owners.....
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      12-30-2008, 06:12 PM   #19
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^Wood trim aside, what is faulty with the dash? Are you referring to the LED line in the odometer read out?
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      01-07-2010, 12:24 PM   #20
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One pixel is out in the "M" in timer and three are out in the odometer but I wouldn't care. I'd buy the car anyway.
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      01-10-2010, 11:03 PM   #21
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If it hasn't been done, will almost surely need front control arm bushings. Enquire about the brakes as well, this car goes through them fairly quickly, and they aren't cheap, and as I'm sure you know the rubber on this car is expensive too. Fuel pump good for around 70-75K miles.

At first blush, that is a little high for a 2001, but that isn't bad mileage at all for that age car. I think you can find a 2003 with comparable miles for pretty near that price. E39 M5 is truly one of the best cars ever, but perhaps not so as a daily driver considering all things, especially cost to own when you consider the dollar value of the car now. I wish I still had mine, but not as a daily driver. I'd look for an '03 if I were you.
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