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As much as we discuss 80s M car values getting pulled up by the E30 M3, they aren’t insane yet. There are still some great drivers out there for the same price as a brand-new economy car, which will always be a great argument for getting adventurous and buying a fun classic. This 140k-mile example isn’t the cream puff some middle-mileage examples have been, but it’s pretty well sorted with enough minor blemishes to keep the price in check. Buying an E28 M5 for reasonable money has been one of the most educational and fun experiences in my car-loving life, and this one is a good opportunity to get a decent driver without breaking the bank.
E28 M5 values are continuing to climb, and examples that are good but flawed are now going for amounts that, until recently, were reserved for nearly perfect, low-mileage beauties. Many enthusiasts and publications have seen this coming for a while, but this past year has seen the largest jump yet. Today, we have two M5s that have covered a little over 150k miles – certainly not spring chickens. We’ve seen well-traveled M5s go for over $30k, but exceptional care and appearance seemed to rationalize such a high price. Both of today’s cars have their flaws, signifying that the 80s ///M appreciation is spreading far and wide.
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!
We’ve seen some cool examples of the standard 535i recently, and today we have another clean, low-mileage example that is coming from its original owner. With just 116k miles, it looks pretty impeccable inside and out. The one main detraction is the automatic, but on the flipside it was just replaced. Having to drop some serious cash on the transmission and brakes was apparently enough for him to decide it was time to move on, as it’s up for sale with no reserve.
The E28 M5 still gets me excited, whether I’m driving mine or just pass one on the road. Today I saw a well-used but sweet example with throwing stars, Euro bumpers, and a nice Dinan badge complementing the standard trunk emblem. While that owner clearly went down the deep rabbit hole of modification, today’s low-mileage example looks almost entirely stock on the outside other than a slightly lowered stance. Some work has been done under the hood though, with the reportedly-howling Euro headers and a chip ensuring this M5 lives up to the legend of hauling ass. It’s not perfect – a few blemishes in the interior and the commonly-scraped front spoiler – but the completeness is what catches my eye here. The full trunk carpeting, first aid kit, and fully-functioning electronics are all items worth paying a little more for. With low (for an E28 mileage), this is a good M5 that could easily be made great.
