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E39 M5 (1998-2003)

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  #1  
Old 07-22-2016, 05:28 AM
booster_TX booster_TX is offline
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e39 M5 or e90 m3

I am having a hard time choosing, well not entirely.
My wife is very unhappy with me looking at car that are over 12 years old (e39).
She's not as unhappy with the e90 choice since it's newer, but still thinks it's a lot of money for an old car.
I've test driven both, but prefer the e39. This is because of the difference in torque and the rod bearing issue on the S65 scares me a bit.
The problem is that there are far more low mileage e90's than e39's.
I found a 2001 M5, 129K km, original owner, but it was involved in a low speed crash. The owner rear ended an SUV at 10km/h in 2008. He claims the head lights, hood, bumper cover were replaced, and the cost was $11K. The repair cost seems way to high.
Should I walk away?
The second option is a 2 owner 2008 M3, no issues really, 103K km, clean oil analysis.
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  #2  
Old 07-22-2016, 01:22 PM
DONROD DONROD is offline
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I bought a 01 M5 that was hit in the rear, not disclosed to me until I got her home and put her in the air, she had 130k on the clock and needed everything, from stock intakes to stoke suspension and exhaust, they even cut out all 4 O2 sensors. I have spent the last year and half making her correct again, and I love her, get the E39, I bought a e9x M3 sedan and loved her, But I am an e39 guy. the S62 is a great motor and I have loved every minute of scraping knuckles and spending stupid amounts of money to restore a car that I could go out and buy a clean example of, But I love the imola red and I know that she is all mine and I did the work. If the e39 is good to go, get her. and never look back. My wife understands my passion for that car. she doesn't understand why I spend so much money and time on her. but she sees the smile it brings to face and I know your wife will understand also when she sees your smile with that e39. But hey that is just me
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  #3  
Old 07-26-2016, 11:40 AM
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mark_m5 mark_m5 is offline
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If you price the body parts for the whole front end at realoem, the headlights are $2k, bumper and supporting stuff another $1k, hood and fenders another $2k... paint could be $3k-$4k... then the rest could be airbags and other misc. Hopefully, the frame is still straight...

I would pass on a car with that much damage. There are 94 E39 M5s on Autotrader to choose from. Probably more on cars dot com and Craigslist, etc.

I'd like to test drive the V8 M3 one of these days. Might just do that to see if it's a viable replacement for the E39.
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  #4  
Old 07-27-2016, 06:26 AM
NJE39M5 NJE39M5 is offline
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Mein Auto: e39, f13, f15
The e39 m5 is truly a special car, I really can't say enough about mine.

I notice OP is in toronto, there is a M5 Board member there selling his alpine white with 121k kms on it: http://www.m5board.com/vbulletin/car...-75kmiles.html

Good luck with whatever you decide!
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  #5  
Old 07-27-2016, 07:15 AM
booster_TX booster_TX is offline
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That's quite a bit out of my price range.
It is nice, but my top end budget is $25K CAD, I can stretch it out to $30K...it would have to be something special though.
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  #6  
Old 07-27-2016, 01:50 PM
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mark_m5 mark_m5 is offline
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Selling point for a $15k E39 M5 vs. a $25k E90 M3:

Even if you have $2k a year in repair bills on the E39, it'll be 5 years before it costs as much as the E90.

I've been working on my wife to be OK with a Ferrari purchase. She thinks it's a stupid waste of money. Most of my family agrees. She didn't even blink at spending $10k for a Z3 M Roadster as a substitute for a Ferrari (though I consider it temporary), because at $10k, how many years of maintenance would make it cost as much as a $50k-$100k Ferrari? And the maintenance on a older (cheaper) Ferrari can be $10k every 3 years.

So, if you want the E39, shop around and find one that's cheap but in good shape. Talk with the wife about spending $10k less on the front end. Sounds like E90 M3 might have rod bearings go out and cost $10k if you don't treat the engine well.
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Last edited by mark_m5; 07-27-2016 at 01:52 PM.
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Old 07-27-2016, 01:56 PM
booster_TX booster_TX is offline
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Quote:
Originally Posted by mark_m5 View Post
Selling point for a $15k E39 M5 vs. a $25k E90 M3:

Even if you have $2k a year in repair bills on the E39, it'll be 5 years before it costs as much as the E90.

I've been working on my wife to be OK with a Ferrari purchase. She thinks it's a stupid waste of money. Most of my family agrees. She didn't even blink at spending $10k for a Z3 M Roadster as a substitute for a Ferrari (though I consider it temporary), because at $10k, how many years of maintenance would make it cost as much as a $50k-$100k Ferrari? And the maintenance on a older (cheaper) Ferrari can be $10k every 3 years.

So, if you want the E39, shop around and find one that's cheap but in good shape. Talk with the wife about spending $10k less on the front end. Sounds like E90 M3 might have rod bearings go out and cost $10k if you don't treat the engine well.
I found one that's cheap, it's a 2000, 99k miles, $9300USD, two owners, apparently never winter driven. I was hoping for lower mileage, but I maybe waiting for a while before I find one. The owner states there is no leaks, nothing wrong with it, everything works. He rates both interior an exterior 9/10. I think I'll go check it out tomorrow....
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  #8  
Old 07-28-2016, 04:26 AM
jdauria jdauria is online now
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Don't rush into buying either one of these. Do your due diligence and find the right one for you. I personally have a E39 M5 and love it, took me about 2 years to find it. So far it's been fairly reliable, and it is easy to work on. I have been toying with the idea of adding an E90 M3 to the fleet. The interior doesn't quite do it for me, but that S65 motor is a work of art (regardless of its rod bearing issues - the S62 has it's own as well). M5board has a ton of E39s for sale, and E90s are still fairly expensive to find a clean example.
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  #9  
Old 07-28-2016, 07:55 AM
booster_TX booster_TX is offline
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It seems the E39 M5s posted on here are overpriced....this is based on having looked for them for 2 months.
For example, I missed out on a 2000 M5, mint condition, not a scratch on the body/rims, all preventative maintenance done, right down to fan clutch and valve cover gaskets. It had 44K miles and it sold for $16K usd.
There was another 2000 M5, it was in rough shape, both bumper covers needed to be replaced, some dents and scratches, some rust on rear wheel wells, needed front suspension work and brakes, noisy vanos, and worn out driver's seat, but it had 42K miles on it. It sold for $12.5K.
There are a few M5s with around 100K miles for around $15-16K listed as well.
I'm in Canada so I have to add 30% on top of the USD price to convert to CAD, plus shipping/import fees/tax.
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  #10  
Old 07-29-2016, 07:04 AM
booster_TX booster_TX is offline
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So I took the plunge, I bought the 2000 M5, with 99k miles. I got it for $8400USD.
It's very clean, no rust, paint is in very good shape, just a scratch on the driver's side door. It drives fine, front end feels solid, no vanos noise, or rattles, new brakes. Everything works, except some missing pixels on the display.
There is some sweating around the oil pan, transfer case and diff output shafts, but no fluids dripping. It has not been winter driven since 2008, and it had only 15k miles put on it since 2009.
I'll probably keep it for summers, and drive my g37 during winters..
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  #11  
Old 03-18-2020, 06:33 AM
mpoor mpoor is offline
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should have minded the date, ha.

Last edited by mpoor; 03-18-2020 at 08:32 AM. Reason: Whoops- thread necro
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  #12  
Old 03-22-2020, 09:15 AM
2000bamam5er 2000bamam5er is offline
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I know you're looking for a low mileage m5 but for anyone else looking I'm selling mine. All info in link


https://www.facebook.com/marketplace...1135444552562/
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Old 03-22-2020, 05:11 PM
ard ard is offline
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Quote:
Originally Posted by 2000bamam5er View Post
I know you're looking for a low mileage m5 but for anyone else looking I'm selling mine. All info in link


https://www.facebook.com/marketplace...1135444552562/
Just to let you know, there were four ordering options for the E39M5:

Remote Rear window sunshade

PDC (park distance control)

M Audio’

And...one that is often overlooked: Rear spoiler delete. (For a total sleeper look, order that and take off the 2 M emblems....)

Back when it came out, and we were all talking about what to order, it was a really short conversation!

FWIW.

GLWS
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