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Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > M Series > E39 M5 (1998-2003)

E39 M5 (1998-2003)

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  #1  
Old 03-27-2011, 03:08 PM
scott0357 scott0357 is offline
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Location: SF Bay Area, CA
 
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Mein Auto: 2003 530i
2001 M5 grey market car for sale

My friend has this 2001 M5 shipped straight to California from Germany back in 2005. He paid ~$8 to have it converted to meet U.S. and emission standards, paid $2k for shipping and ~$7k for import and custom fees. It only has 36k original miles and has not been driven much since came ashore. I guess he was young and didn't know what he was doing.

All in all, he spent $25k (including buying new wheels and tires and some minor repairs) to get it to the U.S., in addition to whatever you paid in Germany.

Two yrs ago, he backed up into a pole and caused a big dent on the rear passenger door. An autobody shop estimated $2k for the repair and another $1.5k for some other minor stuff. The repair has never been done.

He ran out of money and never got the car registered into DMV. DMV registration fee and used sales tax will add another $8k to the money already spent.

How much do you think the car is worth as it is? It cannot be legally driven on the street until it's registered, which costs $8k. Would anyone pay top dollars for it as a parts car or bother to spend money to get it properly registered. The car has been sitting in the garage most of the time since 2005.

It's silver w/ black interior. Manual. Looks like new.
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  #2  
Old 05-21-2011, 02:14 AM
EasyE EasyE is offline
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Mein Auto: '02 M5, '84 R80 G/S PD
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  #3  
Old 05-23-2011, 03:03 PM
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"S62" "S62" is offline
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Mein Auto: 2000 Imola Red E39 M5
30k would be my bet. it probably needs some minor maintnence because its been sitting for a long time.
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  #4  
Old 05-23-2011, 09:07 PM
EasyE EasyE is offline
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Mein Auto: '02 M5, '84 R80 G/S PD
Quote:
Originally Posted by "S62" View Post
30k would be my bet. it probably needs some minor maintnence because its been sitting for a long time.
A stock...damaged....10 year old ///M that's grey market & has been sitting isn't in the realm of 30k.

The best thing about it is a euro dash.

Documented, improved & active forum members cars are fetching a fraction of 30k.
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Simple Harmonic Movement Described

clutch stop - interior LEDs - Ultimate Cup Holders - ZHP Knob - trunk storage - Euro HELLA - Umnitza Predator Ice V2 & 6K Fogs - black kidney grill outer rim - 30% tint - Euro ducts - mufflers deleted- E60 545i SSK - BeastPower brackets - OE 9.5" rears in front - Dinan rear swaybar - Strong-Strut- AA CAI
soon: GC Camber Plates - Koni yellows - B&G springs - Monoballs
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  #5  
Old 05-23-2011, 10:00 PM
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"S62" "S62" is offline
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Location: SF Bay Area, California
 
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Mein Auto: 2000 Imola Red E39 M5
Oops didnt see that it still needed repairs, thought he he had put a lot of money into it.
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  #6  
Old 05-25-2011, 10:12 PM
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GBPackerfan1963 GBPackerfan1963 is online now
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Location: Elk Grove, California
 
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Mein Auto: 2007 550i, 2002 M5
Part it out.
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  #7  
Old 08-06-2011, 09:09 PM
cura cura is offline
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Location: New York, New York
 
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Mein Auto: 95 840 CI 01M5 05 X5 4.4
your best bet part it out or if your intrested i have a complete body i was going to do a 2jz conversion i can sell you 40k on car the motor and drive train is in my 8 SERIES.
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