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Thread: New to M5s. Help.

  1. #1
    Join Date
    May 2019
    Location
    Long Island, NY
    Posts
    1
    My Cars
    1998 BMW 328i Sedan

    New to M5s. Help.

    Iíve never owned an M5 or any 5 series for that matter. Iíve always wanted to but never had the money for it. Iíve finally found one in my price range (<$10k) but it has 192,000 miles! The guy is asking $6,900 and Iím very eager to buy it. If I were to buy it, what issues should I look out for, would it be worth it, etc.

    Thanks,
    Deepy


    (link to the car: https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=514796284&zip=11040 &referrer=%2Fcars-for-sale%2Fsearchresults.xhtml%3Fzip%3D11040%26sellerT ypes%3Dp%26sortBy%3DderivedpriceASC%26incremental% 3Dall%26firstRecord%3D25%26marketExtension%3Don%26 searchRadius%3D100%26transmissionCodes%3DMAN&selle rTypes=p&numRecords=25&firstRecord=25&searchRadius =100&makeCode1=BMW&modelCode1=M5&clickType=listing
    )

  2. #2
    Join Date
    Jan 2016
    Location
    Ca
    Posts
    6,444
    My Cars
    2001 525it
    That is a lot of mileage, every thing about the m5 is completely dirrerent that the regular 5 series so parts will be more. I would get a pre purchase inspection for sure. I had a customer with 280 on his and the engine had never been apart. Personally if I could afford an m5 and I can't I would search for a much lower mileage and the last year of production. Also take your time looking for a car, it may take a while to find the right one, but if you rush into it you may regret it.
    Last edited by jclausen; 05-06-2019 at 11:34 AM.

  3. #3
    Join Date
    May 2017
    Location
    Puget Sound area
    Posts
    12
    My Cars
    e28,e36/8,e38
    My experience has been, If I don't have the money to buy a good example, I definitely don't have the money to rehabilitate a beat one. Probably not what you want to hear, but I have many times tried to save money like this. The amount of money and time to get to where you want to be is just not worth it.
    My .02

  4. #4
    Join Date
    Jan 2017
    Location
    USA
    Posts
    284
    My Cars
    E21, E46
    Plan on spending money to get it to baseline.

    $10k is usually a good start just for the parts.

  5. #5
    Join Date
    Jul 2016
    Location
    Austin, TX
    Posts
    74
    My Cars
    2 e9's, 320is, 996 Turbo
    The most expensive BMW is a cheap M5. (To one of your earlier posts lclausen, the most expensive BMW is a cheap e9) AMHIK

  6. #6
    Join Date
    Jun 2016
    Location
    Perrysburg, Ohio
    Posts
    378
    My Cars
    1999 BMW M3
    No M car is cheap. They all add up to 20k. At this mileage plan on doing vanos, rodbearings, and timing chain guides.
    Current
    1999 BMW M3/2/5 cosmos/black vaders

    Past
    2000 BMW M5, Jetblack
    1995 BMW M3/2/5, Alpine white
    1997 BMW 328/5, Boston green
    2005 BMW 330/6 ZHP, Silbergrau
    1999 BMW 540/6, Cashmere beige
    2000 BMW 328/5, 144k miles sienna red (slicktop)
    1995 BMW Dinan M3/2/5, Dakar yellow (I regret it)
    2002 BMW 530iA sport, Jetblack
    2001 BMW 530iA sport, cosmos
    2002 BMW 530iA, sterlinggrau

  7. #7
    Join Date
    Jun 2020
    Location
    Philadelphia, PA, USA
    Posts
    22
    My Cars
    2002 M5
    Basically listen to what everyone else has said. Assume that every dollar you save on purchase price is one you're going to spend on maintenance to get it up to a good baseline. The S62 is a great engine, mine has 210,300 miles on it and runs strong but you have to take care of it. Mileage isn't the only concern, care is a big one. Have timing chain guides, VANOS service, and rod bearings been done? Those are the big ticket items.

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