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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 08-02-2013, 04:02 PM
byrondonis26 byrondonis26 is offline
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Location: chicaco illinois
 
Join Date: Mar 2013
Posts: 38
Mein Auto: 2001 540i/6 1990 300zx
is it worth buy a 2003 m5 with 194xxx miles?

I been thinking on buying a 2003 m5 with 194000 miles from a auction place it said it runs an drives it doesn't have a salvage tittle is a clean tittle 194000 is a lot of miles so I was wondering is it worth buying am not gonna pay more then 6k or I may pay less. now my question is what do you guys think, is it worth buying?? is the engine gona last bit longer can I rebuilt it ? shouldn't i not buy the car?.. I never own a m5 I currently own a 2001 540i 6speed .. thank for your time
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  #2  
Old 08-03-2013, 03:52 PM
ard ard is offline
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Location: CA
 
Join Date: Jul 2009
Posts: 9,680
Mein Auto: '12 X5 35d/E39M5/996TTX50
Absolutely not.

You really need to understand the market for these cars- what they are selling for and what coinditions are.

Also, what is your intent? Sadly, the E39M5 is in the wierd phase where there are enthusiasts owning and maintaining, and then the "drive them into the ground, WOW I got an M5 cheap" crowd. When the latter crowd discovers the costs of maintenance, they simply drive around with CELs and then dump the car. Most of the latter crowd hasnt driven a perfect M5- suspension, bushings, motor, etc all tight- car is a beast. They are driving some derated version of that, and dont know what they are missing.

To return ANY E39M5 to new condition will run a lot. Even as a DIY, you'll spend $5k+. If you are paying to have work done, double or triple that. It isnt economically feasible. And that assumes you dont need a new AC system, or clutch, or VANOS, or CATS.

So, are you a DIYer? Will you dump $5k and 10 weekends of work into this car? To have a car that is worth what you paid for it??? (remember, in this market, the "I wanna M5 crowd" puts ZERO value on upkeep, maintenance and refurbishing....)

Anyway, if you are serious with an E39M5, buy one closer to 100k, NOT from an auction place... go to M5Board.com if you want to be educated.

A
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  #3  
Old 08-06-2013, 04:36 PM
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mark_m5 mark_m5 is offline
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Location: Where the money is.
 
Join Date: Sep 2006
Posts: 4,714
Mein Auto: 2002 M5, 1999 M Roadster
Mine is running strong at 130k miles, all regular upkeep being performed. I'm thinking about getting it repainted, since one of our kids washed it with a squeegee and put big scratches in the paint. That and the pixel issue are about the only things wrong... knock on wood...
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  #4  
Old 08-11-2013, 10:22 PM
ard ard is offline
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Location: CA
 
Join Date: Jul 2009
Posts: 9,680
Mein Auto: '12 X5 35d/E39M5/996TTX50
Mine is strong at 162k, owned it since 17k.

HUGE difference compared to a unknown car with 3,4,6,...8? owners from "some auction house"...

Just dont want OP getting steered wrong.
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