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Want an E34 M5 Touring? Join the club.
1994 BMW M5 Touring
Short $50,000 or more? Join the club there, as well. But let’s say you just really like the look of the M5 Touring, and don’t care about its fantastic (and expensive) S38 motor or all the special hand-built details. Well, today’s car might be for you. Presented in Cashmere Beige Metallic, this 525i Touring has the look of its bad-boy brother with a set of fantastic M Parallels mounted up. Like Andrew said the other day in his E320 wagon post, it’s amazing what a set of wheels can do.
My recent M5 v. Alpina B10 post took a look at two exotic versions of the E34. Of course, BMW offered their own alternative to the M5 late in the production cycle, as the introduction of the M60 V8-powered 540i produced nearly as much usable power as the more expensive M variant. Such was the success of the 540i that BMW initially judged the M5 dead in this market; it was removed from the U.S. in 1993 after slow sales and wouldn’t return until the new millennium.
As a result, the 540i flew the 5-series performance flag for two generations and still is very popular today. Especially in Sport versions, the E34 and E39 540is offered power, refinement and outstanding chassis dynamics in a package that was attainable for more people. So which is the better buy today – the first or second generation?
It really does feel as though the market is finally waking up to the E34 M5, as values on nicer examples continue to climb. Bring a Trailer recently sold a U.S. spec ’93 with only 14,000 miles for what seems like a staggering $68,000! As they should have, considering the package. The E34 is a surprisingly great driver’s car, even in non-M guise. But in full blown M5 spec, it’s sublime, a throwback to an era of hand-built sport sedans that offer a satisfying analog driving experience. To make it, BMW sent the regular E34 chassis from the production line at Dingolfing over the geniuses at M GmbH in Garching, who dropped in the screaming, six cylinder S38 motor with six individual throttle bodies. In US-spec form, the 3.6 liter motor put out just over 300 hp, although a larger, 3.8 liter unit became available in Europe from 1991 onwards, which increased power output to 335 hp. The 3.8 never reached US shores by official channels, though these cars are now old enough to be imported without the need for expensive modification
Taut, restrained and handsome. These words come to mind when describing the E38 platform 7-series, perhaps one of the most successful BMW designs in recent memory. In short wheelbase form with the M-Sport package, which adds sport seats, firmer suspension, shorter final drive, M-Parallel wheels, sport steering wheel and Shadowline trim, the conservatively styled executive express takes on a slightly more menacing look and feel. Owing to the marvel of depreciation, these cars can be had for a fraction of their original cost. While bargain-basement examples are tempting, they probably hide gremlins that will cost the asking price again to put right. Best to pay up front for a nice one, like this lovely looking example for sale in California.
I don’t think BMW has produced an attractive 7-series since the E38, offered between 1994 and 2001. Sure, later versions of BMW’s flagship sedan are more impressive in other ways: larger, more powerful and more technologically advanced. But they aren’t what I would call classically beautiful. The E38 on the other hand, with its conservative, angular styling, graceful proportions and purposeful stance, is an extraordinarily handsome car. Because of depreciation, you can pick one up for relative pennies these days. For example, I wrote up an early model 740iL a few months ago advertised for just $3,800. But a car that cheap is bound to have expensive repair needs lurking beneath the surface. In truth, if you want a nice E38 that is mechanically sound, you have to spend a bit of money up front to save on potentially exorbitant costs further down the road.
