With traveling for holidays and work occupying the majority of my December and the first significant rain we’ve seen in California coming during my time at home, my M5 has been sadly tucked away under his cover in the garage. I’m sure he doesn’t mind too much, but anything more than a couple of weeks without letting him loose always makes me uncomfortable.
Seeing cars like today’s M5 don’t really help the longing. After last week’s beautiful Eurofied M5 sold at the crazy asking price of $37,990, it would appear clean M5s have jumped up a rung on the value scale for the holidays. Today’s full-bumpered M5 has very similar miles and is in fantastic condition, though not quite the concourse-quality of the small-bumpered example, yet is still well north of $30k. I really thought that threshold was reserved for the few examples still lurking that are well below 100k miles, but when they’re selling, that’s the market!
Click for details: 1988 BMW M5 on eBay
Engine: 3.5 liter inline-6
Transmission: 5-speed manual
Mileage: 138,023 mi
Price: $32,900 OBO
Motorcar Studio is pleased to offer this very nice 1988 BMW M5, on the market for the first time in 14 years. Owned by a dear friend and BMW enthusiast since 2000, this M5 has had only three owners from new, has always lived in the Carolinas and has always been well cared for.
Schwarz over tan leather with heated seats (about the only option you could spec for one of these). 138k miles. Very nice paint, trim and glass. Original interior in very nice condition with minor wear on driver’s seat bolster as expected. Excellent headliner, carpets, dash, door panels, etc. All original VIN tags. Mostly stock with the exception of Bilsteins/H&Rs, 750il brakes and Conforti chip.
Drives exceptionally well and pulls very strong. Cold A/C (R12). Seat heaters work, all seat functions work except passenger knee bolster adjustment. Fresh service with motorsport 10w60 and fuel filter. Tight, nimble, solid, fast and comfortable. Very dry underneath. New Michelin Pilot Sports on nice original 16s.
Excellent records to new, perfect CarFax, original tools and books. Original window sticker (MSRP of over $49,000). Original keys.
They note they’ve used 10w-60 oil in an effort to use BMW’s special M-specific lubrication – but I found it’s only for specific S-coded engines starting in 2000 (like the E46 M3’s S54 and the E60 M5’s S85). The suspension, brake, and chip upgrades are simple and useful in the E28, but do remove the “all-original” tag. The originality is visibly present, however, with a crackless dash and clean seat bolsters highlighting the condition of the interior. Overall, this is a very nice E28 M5, but there are plenty of marks to keep it from being the 100-point cream of the crop. Apparently “very nice” means $30k+ M5s now, making me glad I bought one when I did!