Fans of the venerable and arguably original super sedan, take note! This post – and the included auctions – are two that you probably want to pay attention to. Why? Well, we have two examples of the awesome 1988 BMW M5 – not unusual, in all honesty, over the past few years. But the two examples differ in many ways; one is a flawed but original, lower mile example, while the other has high miles, plenty of modifications and is generally very clean. The kicker, though, is that both auctions are no reserve and with a few days to go on each, they’re racing for the top spot. Which will be garnished with the highest bid and where is the market heading?
All posts tagged e28
The ’80s “eta” engine from BMW eschew top-end screaming power for low-end torque and efficiency and make for great commuters. Today’s 528e is a gem, having covered less than 40,000 miles and looking outstanding in Burgundy over the like-new Natur comfort interior. It needs a few points of attention to be perfect, but I’m not sure perfection is the way to go with this car. As the number of clean E28s still alive dwindles, this is a great candidate to be a fun and reliable DD that stands out from the rest of the bubbles rolling down the highways.
Click for details: 1986 BMW 528e on eBay
RHD cars seem most cool when they are Land Rovers or JDM classics – beyond that it just seems like an inconvenience. Frustration aside, the M535i is hard to come by in the US, so I guess we’ll take them as they come. Today’s is looking clean in Zinnobar Red and just over 100k miles, and while the availability of cloth seats on nice Bimmers in Europe intrigues me, it appears the bolsters are still prone to wear and tear. The biggest upset here is the automatic transmission, which comes with some sort of switching mechanism but still detracts from driving enjoyment. I guess the M535i is more about looks anyways, and small-bumper fetishists can get their rocks off here.
Click for details: 1987 BMW M535i on eBay
As we saw last week, higher-mileage M5s are starting to get pulled upward. Shredded front seats, a dirty engine compartment, and lost history were the main gripes with last week’s, but it still got snatched up locally, indicating the seller got something close to his $15k asking price. This one has a more complete history as it belonged to the seller’s father, but its story includes several missteps. The most-referenced in the ad is a decent-but-not great respray after a hailstorm. Next are the recovered seats – better than having them torn up (I guess) but the black piping makes them look cheap. Mechanically and electrically, however, it appears sound, running strong at a mileage where many receive rebuilds (though for some unknown reason the top end was already rebuilt at 125k miles). With no reserve and sitting just over $10k, this could be a good chance at driver for someone who doesn’t care too much about originality.
Click for details: 1988 BMW M5 on eBay
The classic E28 M5 has experienced a recent uptick in values for clean, middle-mileage examples. Even the most beat, 200k-mile, no-documentation examples can command $6-7k, though they will likely require twice the purchase price to make presentable. While I appreciate the ambition of keeping as many of these glorious beasts on the road as possible, there is still a middle ground between the lower-mileage M5s in beautiful condition for $30k+ and the total basket cases. Today’s is right in the middle – $15k for a clean but higher-mileage example that lacks history yet looks good enough to spend some time on.