As we drove home in our E61 the other day, an E60 M5 with temporary plates sat in front of my wife and me at a light. She commented “Are those getting cheap? Because I’m seeing them more often…” She’s right. The E60 M5, with its screaming 500 horsepower V10, now can be had for around the same price as an entry level Hyundai. Pound for pound, they’re now the cheapest way to get into an M-branded 5-series. But though we own a fifth generation five, I’ll admit frankly that it’s not a car that’s for everyone. It’s big, heavy and complicated – and can be quite expensive to fix. Couple that with any M engine and drivetrain, and these cars are capable of draining your wallet as fast as they can accelerate.
So although the power levels are lower and they’re not as flashy or modern, for many the E39 model that preceded the one we saw is still the epitome of M5s (though they’re often challenged by an equally vocal group who says the first one is the only one!). We’ve seen them start to trend upwards after dipping a bit low over the last few years, and now places such as Enthusiast Auto Group have a plethora in the $35,000 – $80,000 range depending on mileage. So you missed out on this fan-favorite, as well?
Not so fast.