1990 BMW M5

1990 BMW M5

From the “Cars that need no introduction” file, witness the M5. So ingrained into the halls of automotive Valhalla is the M5 that it seems as though there was never a time without one. Yet while there were fast sedans that predated the Motorsport 5-series, the reality is that this was the blueprint which all subsequent fast sedans (tried to) emulate.

If you look up “benchmark” in the dictionary, the M5 should appear as an alternate definition.

But enough of the hyperbole, hoopla and heady praise. You know the details of what makes this car great. So what makes this particular one special?

CLICK FOR DETAILS: 1990 BMW M5 on eBay

1988 BMW M6 with 12,000 Miles

1988 BMW M6 with 12,000 Miles

We would be remiss if, during Shark Week, we failed to present an E24.

Well, here it is. And, frankly outside of the museum, I’m not sure that it gets better than this one.

First, it’s a late M6. They’re automatically better looking than the early M6s to me because of the color-matched bumper covers if nothing else. Second, this one is the perfect color combination of Royalblau Metallic (198) with Silver leather (201). Truth told, I’d prefer Lotus White Nappa (199), but I’m being quite picky. That’s because of the third item; with only 12,100 miles since new, this M6 is as close to showroom fresh as one can get it would seem. GREAT! I’ve found perfection! But, what price does that translate into.

Well, we have some comparable models to look at, amazingly. I featured a 36,000 mile 1987 reached $54,700 in bids this past April. The equally impressive 1988 Schwarz model with 32,000 miles asked $80,000. But this one? This one bats the asking price right out of the park at $135,000.

CLICK FOR DETAILS: 1988 BMW M6 on eBay

Litmus Test Double Take: 1988 BMW M5 and M6

Litmus Test Double Take: 1988 BMW M5 and M6

Neither the E24 M6 nor the E28 M5 need an introduction on these pages. Legendary even when new, they both captured the imagination of generations of German car enthusiasts and established the benchmarks for sedan and GT performance in period. Both went through a relatively long downturn in value, as well. And today, as each has moved firmly into classic status and the market ///Madness continues, each has increased in value considerably over where they stood a few years ago.

But with so many shared components, which is the one to get? While a lot of that boils down to personal preference, more so than ever it’s also dependent on your budget. We’ve seen asking prices for nice examples of each chassis hovering between $50,000 and $80,000 depending on mileage and condition, and with a hot market there’s no letup of good ones to choose from.

But what I have today is not the best examples of each. Both are higher mileage and neither is pristine. However, the real draw here in both cases is a no reserve auction format, giving us the opportunity to really see what’s what in the M market today.

CLICK FOR DETAILS: 1988 BMW M5 on eBay

All Black Everything: 1988 BMW M5 Euro Clone

All Black Everything: 1988 BMW M5 Euro Clone

Let’s get the elephant in the room out in the open: this 1988 BMW M5 has 225,000 miles, and the asking price is $42,000. It’s also pretty far from original.

Still reading?

That’s good, because there’s really a lot to like in this particular example of the legendary chassis. First off, it’s one of the very, very few of the already scarce U.S. spec E28s that were imported with option 0232 – full black leather. That makes it one of 101 imported to North America as such, and of those only 30 were sold in the U.S.. That alone makes it quite desirable. But then this M5 goes a step farther, and by a step I mean several flights of stairs. Outside we have a European bumper and headlight swap; I know, some people prefer the U.S. setup in the same way that some people consider Marilyn Manson a musical artist. It’s also ditched the original M5 rolling stock for wider, modular and forged BBS RS wheels. And that high mileage? No worry, the S38 has been rebuilt and turned up a few notches, while the upgraded suspension has dropped down and stiffened the ride.

The result? Boy, does this look like one mean super sedan.

CLICK FOR DETAILS: 1988 BMW M5 on eBay

1993 BMW M5 Euro 3.8

1993 BMW M5 Euro 3.8

At first glance, I was sure we’d covered this car before. After all, it’s not often that European specification 3.8 liter M5s come to market in Daytona Violet.

Or, is it?

Believe it or else, this is actually no less than the third Purple Porsche Eater that we’ve covered for sale in the U.S.. Back in September, Craig spotted chassis GD63734for sale. If that wasn’t surprising enough, I was pretty sure when Craig wrote that car up that it was the identical twin of chassis GD63657 – a car I thrice covered with three different sellers. But, no – today’s car is a chassis GD63375, produced before those other two 1993 examples, yet in the same outrageous shade of Daytona Violet Metallic:

CLICK FOR DETAILS: 1993 BMW M5 Euro 3.8 on eBay

1987 BMW M6 with 36,800 Miles

1987 BMW M6 with 36,800 Miles

While it’s easy to be a ‘Monday Morning Quarterback’ and scoff at the prices for lightly used cars from the recent past, true time capsules like the Porsche Rob just wrote up are generally the domain of pure wonderment. How have owners been able to restrain themselves for decades without driving a car? This afternoon’s M6 is in a similar vein to the lineup we’ve been looking at; pristine, original condition, and low mileage. While the 36,800 accrued far outstrip those of the RS6, M3 and especially the 911 RSR, finding an all original M6 with below 40,000 miles in near perfect shape is certainly worth a look:

CLICK FOR DETAILS: 1987 BMW M6 on eBay

1988 BMW M6 with 32,000 Miles

1988 BMW M6 with 32,000 Miles

What is the price for perfection? That’s a difficult question to answer, but increasingly when it comes to 1980s cars, the level of preservation, originality and lower miles in low-production, desirable models has translated into quite an exacting price. Yet while lofty asking prices have become the norm on many of the hottest performance models from the 1980s, are their figures always justified?

CLICK FOR DETAILS: 1988 BMW M6 on eBay

1992 BMW M5 Euro 3.8

1992 BMW M5 Euro 3.8

It really does feel as though the market is finally waking up to the E34 M5, as values on nicer examples continue to climb. Bring a Trailer recently sold a U.S. spec ’93 with only 14,000 miles for what seems like a staggering $68,000! As they should have, considering the package. The E34 is a surprisingly great driver’s car, even in non-M guise. But in full blown M5 spec, it’s sublime, a throwback to an era of hand-built sport sedans that offer a satisfying analog driving experience. To make it, BMW sent the regular E34 chassis from the production line at Dingolfing over the geniuses at M GmbH in Garching, who dropped in the screaming, six cylinder S38 motor with six individual throttle bodies. In US-spec form, the 3.6 liter motor put out just over 300 hp, although a larger, 3.8 liter unit became available in Europe from 1991 onwards, which increased power output to 335 hp. The 3.8 never reached US shores by official channels, though these cars are now old enough to be imported without the need for expensive modification

CLICK FOR DETAILS: 1992 BMW M5 3.8 on eBay

1991 BMW M5

1991 BMW M5

On Saturday I wrote up a gorgeous example of a 500E, the 90s-era super sedan from Mercedes commonly referred to as a “wolf in sheep’s clothing.” As cool as the Benz may be, the first car that comes to mind when you utter the phrase is probably the competitor from BMW, the E34 M5. Produced between 1988 and 1995, these were hand built at the M GmbH facility in Garching. To the pliable, balanced but twitchy-at-the-limits chassis they added a glorious 3.6 liter inline six with six individual throttle bodies. The S38 motor, whose ancestry can be traced to the unit found in the famed M1 supercar, puts out about 310 hp in US-market guise and swiftly propels the car to 60 MPH in under 6 seconds. Like the 500E, the M5 differed little from its regular stablemates in outward appearance. In fact, it’s probably even stealthier than the W124. There are no flared wheel arches here and only the subtle M5 badges fore and aft give the game away. That’s no bad thing in my book. The E34 5-series, even in base specification, is a classically styled car whose unfussy design still looks good on the road today.

CLICK FOR DETAILS: 1991 BMW M5 on Portland, OR Craigslist

//Motivated: 1987 BMW 525i M5 Clone

//Motivated: 1987 BMW 525i M5 Clone

Market speculation about M values is nothing new. Indeed, head back to the launch of the U.S. M5 and you’ll find evidence immediately. In Europe, the M5 launched for the 1985 market year and was so successful, BMW announced in 1986 they’d bring 500 of the M5s over. They immediately were all spoken for, and consequently when the production actually started in 1987, BMW made more – not a lot more, mind you, but the 1,340 produced for North America was nearly triple what was originally forecast.

Consequently, owners who felt the collector value of their M5 had been dashed by this glut of examples sued the company in 1991. Further, the model was relatively abandoned by all but the most devoted enthusiasts in the 1990s for bigger, badder and faster modern sedans. But today it’s back with a vengeance, with clean examples fetching more than what they were priced at new. It therefore makes a little bit of sense that someone would have gone through all of the trouble to mimeograph the transformative super-sedan’s blueprint onto a lesser example:

CLICK FOR DETAILS: 1987 BMW 525i on eBay

1991 BMW M5

1991 BMW M5

2The other day I posted a 500E, which was Mercedes’ take on the Q-ship formula of stuffing a large, powerful engine and race-tweaked suspension into an ordinary looking mid-size executive sedan. What I didn’t mention was that the 500E was, of course, a response to the original (and some would say best) wolf in sheep’s clothing: the E34 generation M5. While I’ve posted a few E34s lately, I’ve so far avoided writing about the M-variant (though my colleagues have written up some really nice ones: see here and here, for example). This is only because my preference is to find cheap daily drivers to share with our readers and, as enthusiasts begin to seek out more affordable alternatives to the E30 M3, these M5s are increasingly becoming too expensive to count in that category. Still, when this lovely example popped up the other day on Bimmerforums.com, I couldn’t resist the temptation to write it up.

CLICK FOR DETAILS: 1991 BMW M5 on Bimmerforums.com

1991 BMW M5 Euro-Spec with 12,500 Miles

1991 BMW M5 Euro-Spec with 12,500 Miles

In the 1980s, especially in the early 1980s, if you wanted a hot BMW your best bet was to look for a “gray market” car. Equipped with stronger motors and unequipped with emissions equipment and bumper-car bumpers, they were the more pure versions of the original designs. But as the 80s drew to a close, the flood of Euro-spec cars into the U.S. dried up. It became harder to import and Federalize them, and the differentiation between U.S. and Euro versions became smaller. True, there were cars that still had a pretty big gulf; the E36 M3 is a great example of this. And it’s still not usual to see fans of a specific model from any of the marques interested in what was available in Europe – or rather, what wasn’t available to U.S. customers. Take the E34 M5, for example. There were a number of colors and interiors that U.S. fans didn’t have the chance to partake in, but it’s usually the later run 3.8 motor that raises eyebrows for U.S. fans. That, and of course the Touring model of the M5 that debuted with the E34 and wasn’t brought here. But this particular E34 M5 doesn’t have any of those things. It’s an early run car without the larger motor, so the S38B36 is essentially the same one you’d get in the U.S. model. Interestingly, the HD93 U.S. spec car is much more rare than the HD91 European version – 1,678 produced versus 5,877. Rarity also isn’t on the side of the color, as Jet Black 668 with 0318 / L7SW Black Nappa Leather isn’t an outrageous combination. It is more rare to see the four post seat setup which this car has, but the real kicker is the mileage and condition with a scant 500 miles a year covered:

CLICK FOR DETAILS: 1991 BMW M5 Euro on eBay

All Black Everything: 1988 BMW M5

All Black Everything: 1988 BMW M5

Following up on Craig’s Euro-spec Diamond Schwarz Metallic E24 comes an unusual E28 M5. There were a few things that caught my eye about this car; first off, Rhode Island is a small community and I feel like I know a pretty good percentage of the E28 M5s that live here, but this one was new to me. Not only was that unique, but the seller was selling two, with a 4-post black/black E34 to nicely compliment the original model. More things stuck out, though; immediately, the European bumpers and lights are a neat look, but it was inside and the black leather that really helps to set this car apart. About a month ago, Nate looked at a sacrilegious turbo swapped M5 with a non-stock black leather, but this one is claimed to be one of the original 101 all-black M5s imported to North America:

CLICK FOR DETAILS: 1988 BMW M5 on Providence Craigslist

Feature Listing: 1991 BMW M5

Feature Listing: 1991 BMW M5

It is always a bit of a treat to look back at some alumni of the GCFSB pages, especially so when it’s a lovely example of a special car that was snapped up by one of our enthusiast readership. For years we’ve banged on about the E34 M5, a conundrum of the M lineup. It’s got all the right DNA to be a classic, yet like the similar 944 Turbo has generally languished in value compared to similar products. That may sound like a broken record on these pages, but it’s a tune which is both catchy and sweet-sounding for BMW fans because it means they’re getting more car for their money. Recent market activity in 2015 has started to remix the tune, though, and E34s have been on the rise. Hagerty currently places top value on 1991 M5s at $42,000 – steep sounding given what they’ve traded for over the last few years, but perhaps more in line with their legendary build quality and performance especially when considering their siblings. But in terms of overall value, let’s consider today’s Jet Black 1991. It is nearly 100% original, fully documented, accident free and has under 100,000 miles on the clock – and currently represents the best value of the original M-car experience:

CLICK FOR DETAILS: 1991 BMW M5 on eBay

Double Take – High Mile Heros: 1991 BMW M5s

Double Take – High Mile Heros: 1991 BMW M5s

Let’s say you want to buy a 1980s BMW M car. Great! You have style, class and enthusiasts everywhere will applaud your discerning taste. You don’t just want to pose, you want race-track bred performance and build quality second only to Mercedes. Great! Now, look at the market. Shit! You missed the bandwagon by about 2 years. Not to worry, though – German Cars For Sale Blog is full of budget advice today! If you want the best affordable 1980s BMW M product, you just are looking in the wrong decade. You need to consider the 1990s E34 M5, and today we’ve got what should be two more affordable versions of the more affordable version of what you want. So, do either of these high mile heros have what it takes to make your 80s M dreams come true? Cue the theme to The A-Team and let’s take a look:

CLICK FOR DETAILS: 1991 BMW M5 on eBay