Used M5...Is this a good deal. - The Unofficial BMW M5 Messageboard (m5board.com)

Mitch · 19th July 2007, 22:40

My partner came across an '06 M5 at a local dealership. Its black with a white interior, has 3,382 miles and they are asking $75,995. Here's the link:

http://www.kellybmw.com/used_vehicle...6f3ed729b8d851

Does this seem reasonable?

Thanks in advance for the help.

lapeter · 19th July 2007, 23:29

It seems a little high to me. I bought a 2006 M5 in March of 2007 that had an MSRP of $96,700 (more options) but it had higher miles (20,000) and it was a private party sale. I paid 65K. The car you are looking at should be no more than 70K IMHO.
Al

Michael_s · 20th July 2007, 03:33

Quote:

Originally Posted by lapeter

It seems a little high to me. I bought a 2006 M5 in March of 2007 that had an MSRP of $96,700 (more options) but it had higher miles (20,000) and it was a private party sale. I paid 65K. The car you are looking at should be no more than 70K IMHO.
Al

I think its a fair deal. There is a big difference between 3k and 20k miles. Also retail v. private. If you like it and you can afford it and you are willing to pay that amout, its a fair deal.

polar993 · 20th July 2007, 03:39

That's a good deal, especially from a dealership.

Good options, and very low mileage. Car looks to be in excellent condition.

Did you ask about the history of the car? Make sure it's not a buy back.

Good luck.

Zman · 20th July 2007, 15:20

Good deal!!

opie · 20th July 2007, 16:09

I got my 6200 mile car for 72k just recently.
You should be able to get closer to that number or even better by now.
Cheers!

MTV10 · 20th July 2007, 22:28

Dooooooo it!!

Mitch · 21st July 2007, 02:34

No deal. My partner checked into Carfax and did some other research and it appears that it was titled to a corporation and was involved in an accident in New Hampshire, where it went off the road and hit a bush or a tree

.

Thanks everyone for the input, but it looks like this car has issues.

canysmc · 21st July 2007, 02:50

Quote:

Originally Posted by Mitch

No deal. My partner checked into Carfax and did some other research and it appears that it was titled to a corporation and was involved in an accident in New Hampshire, where it went off the road and hit a bush or a tree

.

Thanks everyone for the input, but it looks like this car has issues.

What did the dealer say when you brought this to their attention?

Mitch · 21st July 2007, 14:05

Quote:

Originally Posted by canysmc

What did the dealer say when you brought this to their attention?

My partner talked to the dealer about a 335 coupe, which apparently are not readily available since most of the bi-turbo motors are being allocated to the 5 Series. However, he did not discuss the used M with the dealer.

///Bruno · 22nd July 2007, 23:03

Yes. It is a no deal. Bad car fax. "If" it were clean the car is a good buy at $73K. MMR on the car is around $70K