Complementing Paul’s excellent black 1991 M5, we’ve got a 100k-mile white 1993 M5 sent in by reader Colin. As Paul mentioned, the throwing-star wheel covers are pure M-awesome, and they look great under the Dinan stage 2 suspension. Others, with legitimate reasons, steer clear of white cars, but I think the color’s history as the national racing color underscores its class, especially on a clean sleeper like this E34.
1993 BMW M5 for sale on Lexington, KY Craiglist
From the seller:
1993 M5:
Alpine White with black interior
Xenon low beam headlights
Dinan stage 2 suspension package and shock tower brace
brembo front calipers
bmw 750 front control arms
17in shooting star rims with new tires
dinan exhaust cam gear
dinan engine management chip upgrade
Always garaged, never driven in bad weather, stored in winter
109K miles
All factory VIN stickers on body panels with no accidents
3rd owner, 2 previous owners were in Texas
As Paul said, well-kept 100k-mile E34s are going for more like $10k, not the $17k this seller is looking for. It has a few modifications, but these are essentially standard fare on E34 and E28 M5s and usually don’t add a whole lot to the price. Along with a surprising lack of mechanical pictures, the price leaves me swimming with question marks. Be it through negotiation or a prolonged time sitting with no takers, I think the seller is going to have to give up about $5k before the value is as nice as the apparent condition.
-NR
The ad says the seller is “asking $17999 but open to offers.” Hopefully he’s open to offers 1/3 less than his ask. For $18K you’re into a similar mileage E39 M5. Either he isn’t really serious about selling, or he (and his consignor) have no clue about E34 M5 market values, or he’s delusional.
The ad says the seller is “asking $17999 but open to offers.†Hopefully he’s open to offers 1/3 less than his ask. For $18K you’re into a similar mileage E39 M5. Either he isn’t really serious about selling, or he (and his consignor) have no clue about E34 M5 market values, or he’s delusional.
It is a) a dealer, and b) a consignment, so there are a couple of factors at play here.
Very nice car. White isn’t my favorite color, but it’s look very good on this E34 M5.
I agree, MCB, but the factors in play *should* bring the price closer to market value. A knowledgeable dealer or consignor targets a price point that will attract buyer interest. High enough to maximize selling price and leave room to bargain, but not so high that serious buyers won’t even call about it.
Even if the consignor is doing a favor for a friend or long time customer, accepting a consignment at an outrageous price doesn’t help anyone make money, and wastes time. This consignor’s primary business may not be selling cars, but as “Central Kentucky’s Premier European Service, Parts, and Detailing” business, he should at least have a clue about how to estimate market value.
So, maybe they’re in no particular rush, and figure WTH, start off wicked high and see what happens. Or maybe they heard about that white Euro-ized E28 535i in California that went for $17K+, and they figure an E34 M56 should be worth at least that.
I never see a 10k M5 you guys keep talking about. Post some of those?
If I saw one for 10k and it was maintained I would buy it at the drop of a hat.
btw i’m looking for an 87 Lancia Delta Integrale to import if I saw a $10k M5 I would forget about that car.
I see several within range (+/- 1-2k):
http://www.m5board.com/vbulletin/cars-sale-wanted/208253-91-m5-california.html
http://www.m5board.com/vbulletin/cars-sale-wanted/206529-f-s-1991-e34-m5.html
http://www.bmwcca.org/classifieds/listings.php?make=BMW&model=M5-sedan&id=3459
http://www.bmwcca.org/classifieds/listings.php?make=BMW&model=M5-sedan&id=3497
http://www.bmwcca.org/classifieds/listings.php?make=BMW&model=M5-sedan&id=3403
Bottom line is that they seem to be out there.