Carrying on with this week’s focus on E39 M5s, here is an example that could fall into the cheap buy category. We are all familiar with this car and its stonking performance, so on with the details…
The seller has this to say:
Silver 2002 BMW M5 with Black Leather Interior -72Kmiles
I am sacraficing my 2002 BMW M5. This beast has a V8 400h engine, 6 speed transmission. The M5 has all the standard options including Xenon headlights, M5 Sports Suspension, dynamic stability control, power sunroof, heated power M5 Sports seats, 6 CD changer in the trunk etc, etc. The Titanium Silver body is clean. There are some roadchips near the grill and a couple scratches on the bumpers. The 18 inch performance tires and rims have alot of life left in them.
The black leather interior with suede lining has been a non smoking auto with minimal wear. I put in a new OEM clutch and rear brakes about 6K ago. Clean Title. Well maintained. Maintenance records available. Disclosure: the Navigation cd-rom drive needs to be repaired, but all other computer functions work properly. This a great deal for an amazing car.
The one thing I would like to know more about is why this car needed a new clutch at 66,000 miles. Also, it is quite odd that the rear brakes, not the fronts, were the ones replaced. An uncle of mine, who owned many BMWs as well as some M models, always said he was hesitant about buying used M cars, as they are often driven hard and put up wet. A clutch replacement at 66k is making me lean towards this assumption. Another thing to be careful of is cars in the Philadelphia/NYC/Boston corridor often lead hard lives.
Depending on how well this example drives and the extent of the maintenance records, this could be a good deal. Retail values of clean M5’s in this mileage range seems to be runnin in the low to mid $20k range on average these days.