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. Today’s example is not the most pristine or low mileage on the market by any means, but it does balance that out with some desirable mods:
The M5 might not have been the original super sedan. It wasn’t even the first hot 5-series. But just like the GTI is synonymous with the hot-hatch segment, the M5 became the standard by which all other super-sedans were judged the moment it rolled onto the scene in 1985. Power seemed other-worldly; 280 plus horsepower from the race-derived M88/3 hunkered down with beefy suspension upgrades and huge (for the time) alloy wheels linked with a limited-slip differential. At a time when “fast” cars had 180 horsepower, BMW’s first M-offering in the sedan range might as well have been a space ship.
BMW promised limited production for the U.S. market, too – and, indeed, only 1,239 were produced for the U.S. with the slightly de-tuned S38. Unfortunately, that was 700 more than BMW had promised to make, and that led to a lawsuit. It also wasn’t very long before the M5’s power reign was eclipsed; first by its replacement E34 model, then by the whole range of new V8 models emerging on the market, from the 1992 Audi V8 quattro to the 500E. Values quickly fell as these old-looking (even when new) boxy rockets fell out of favor, and they remained there for quite some time.
But recently there’s grown a much greater appreciation for all things 80s M, and though the E30 has grabbed the headlines as the market star, outside of the M1 it is the E28 M5 that was brought here in fewest numbers. Even fewer have survived, and finding clean, lower mile examples can be tough. This one appears to tick the right boxes: