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E39 M5 (1998-2003)

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  #1  
Old 10-05-2012, 08:01 PM
mav99 mav99 is offline
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To Buy an M5 or not to Buy an M5 Is that really a question ?

Hello All!!


I have a chance to by a 2001 M5 with 65k and 6 spd of course. Car fax states an accident with 29k but no details. I would be the third owner. Price range close to $15 grand. I plan on getting it inspected at BMW dealership. Anything I need to know? Color is dark blue, gunmetal wheels and Blue black interior.

Opinions ??

Suggestions ??
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  #2  
Old 10-05-2012, 09:48 PM
ard ard is offline
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A BMW dealer is the last place to inspect a car.... I am serious

M5board dot com for EVERYTHING "M5"
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  #3  
Old 12-08-2012, 03:06 AM
pockomoth pockomoth is offline
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Yeah, take it to an Indy for the pre-inspection.
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  #4  
Old 01-22-2013, 11:41 PM
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07 E63650i 07 E63650i is offline
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  #5  
Old 01-23-2013, 06:53 AM
mav99 mav99 is offline
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I ended up passing on that car. I bought a 97 540i sport 6 spd. with 73k for under $4000 shipped from LA LA LALAA in California. No snow No rust. And well under budget.


Now what goodies should I buy for this one !!!!!!
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  #6  
Old 01-24-2013, 10:01 PM
ard ard is offline
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Quote:
Originally Posted by mav99 View Post
I ended up passing on that car. I bought a 97 540i sport 6 spd. with 73k for under $4000 shipped from LA LA LALAA in California. No snow No rust. And well under budget.


Now what goodies should I buy for this one !!!!!!
uh, none...save your pennies for a real m5.
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  #7  
Old 01-25-2013, 07:42 AM
mav99 mav99 is offline
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Unhappy Not a helpful response

Thanks for the positive feedback !!!! (NOT)

Given the fact that an m5 with double the mileage would cost 3 times as much and would need repair, I am happy with my purchase.


I will keep my 540i sport put 2 grand into it and flip it for a nice profit if I need to.

And guess what, I do not need to !!!!

It also looks very pretty sitting next to my E 34.
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  #8  
Old 01-25-2013, 07:58 AM
ard ard is offline
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Originally Posted by mav99 View Post
Thanks for the positive feedback !!!! (NOT)

Given the fact that an m5 with double the mileage would cost 3 times as much and would need repair, I am happy with my purchase.


I will keep my 540i sport put 2 grand into it and flip it for a nice profit if I need to.

And guess what, I do not need to !!!!

It also looks very pretty sitting next to my E 34.
You were looking at a 2001 with 65k miles...so LESS than the 540 with 73k miles..NOT "double".

Owning an M5 and keeping them running perfectly is a commitment. If you are flipping cars and such, an M5 is a poor choice.

If you really want to drive an E39M5 and can spend 15, 20, 25k to purchase, fix and maintain over the 3-5 years you'll own it, great.

Best of luck-
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  #9  
Old 01-25-2013, 09:02 AM
mav99 mav99 is offline
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Talking response

To Clarify,


The m5 was 15g's with 65k (2001). My 1997 540i sport 6 spd with 73k was $3200, shipped cross country, just under $4000 all in.


My point was for $4000 what kind of M5 could I buy? It would have 150-200k miles and need work.

So the mileage would be more than doubled. And even though a M5 would be my first choice, paying 3 times more did not make sense. I feel my car is a better value.

As for flipping the car, I have no intention of doing so, but given the current economic climate, it is nice to know if the need arose, I would not be buried in the car and be forced to take a loss.

Another reason I went this route, I was considering swapping out my motor and automatic transmission on my 1995 e 34 with 117k. What do you think it would have cost to just switch to a stick? Or go all the way and install a m5 motor and transmission?

A few grand at least ????

Even though I could recoup some of the expense by selling my 2.5 motor and automatic, for a little more money I have 2 cars !!!!!!

I paid $6500 for my 1995 525i with 85k eight years ago. Due to an expanding family I had it in storage for 5 years. Finally came out of that coma and saw the light !!!! Jump started it right up on the FIRST try !!! Changed the oil, gassed it up and off I went.

The point, I have kept it in Excellent condition, its never seen snow and have refused unsolicited offers of $5 grand for the car.

I like to enjoy my cars at the right price.

Cheers,
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  #10  
Old 02-03-2013, 05:12 PM
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1bad540 1bad540 is offline
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97 540 and an 01 m5 doesnt compare,
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  #11  
Old 02-05-2013, 04:40 PM
1quick540 1quick540 is offline
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I've own an Anthracite 540 six since Feb 07 and now looking at M5. There is a direct correlation to condition/history and price on theM's
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  #12  
Old 02-12-2013, 01:30 AM
mylifeasapc mylifeasapc is offline
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There are better examples of E39 M5s for $15k. Save your peace of mind and start here for every E39 M5 for sale under $20k.
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