E34 M5 - The Unofficial BMW M5 Messageboard (m5board.com)

edimac · 1st August 2004, 06:32

Hi guys, it has been a couple of months now when i started looking for an M5. I started with the E39 but the price is beyond my budget at this time.
I found an immaculately maintained 1991 M5 with 14000 miles. These are true miles as the car is maintained as part of the owners collection. What do you think is the fair price for this car?
thanks for the replies.

IvanDias · 1st August 2004, 12:58

If this car was in the UK, I would expect a price between £15,000 and £20,000 if sold at a specialist. "Normal" M5s go for £2000 to about £13,000 here depending on age and condition.

I don`t know where your location of "sc" is, but if it`s America, the price could be higher as the M5 is simply worth more over there.

It all depends on who buys it! This is an exceptional mileage, so anyone who loves the car and has a few quid would pay whatever it took, as it might be a once-in-a-lifetime opportunity.

Remember that 3.6 in Germany with something like 2km on the clock for full asking price, nearly £45,000 ??

However, if you could get it for a price of £10k, now that would be a day full of smiles!!

Ivan.

edimac · 1st August 2004, 15:48

sorry, SC is South Carolina,USA. It's hard figuring the fair price for such car because the usual guides- Kelly Blue Book and Edmund's prices are usually different(way too low!!!) if applied. Whatever fair price I could come up with(depending on the opinions here) I should take into account the price from the warranty that I am planning to get from a BMW dealership if the deal pushes thru. Please let me know about your opinions. Thanks

Gop-Dogg · 1st August 2004, 17:37

These cars are worth what the seller wants to accept. For a well-maintained `91 with 140k miles, I'd say $18,000 - $20,000 is a good range.

kevinpayneuk · 1st August 2004, 17:41

Quote:

Originally Posted by Gop-Dogg

These cars are worth what the seller wants to accept. For a well-maintained `91 with 140k miles, I'd say $18,000 - $20,000 is a good range.

Unless it was a typo the mileage is 14,000 not 140,000, which would bump the price up quite a bit.

Hollis · 1st August 2004, 22:15

Quote:

Originally Posted by kevinpayneuk

Unless it was a typo the mileage is 14,000 not 140,000, which would bump the price up quite a bit.

Immaculate condition, extremely low mileage, I would hazard to say roughly $25,000 or so. Remember, the 3.8's in similar condition with about 45k mileage still go for $30-35,000 over here.

Gop-Dogg · 2nd August 2004, 00:27

Quote:

Originally Posted by kevinpayneuk

Unless it was a typo the mileage is 14,000 not 140,000, which would bump the price up quite a bit.

'Doh! You're right.

If only 14,000 miles, then the price would bump up. However, that seems like barely enough milage to keep the battery charged and the hoses wet.

kevinpayneuk · 2nd August 2004, 00:45

Quote:

Originally Posted by Gop-Dogg

'Doh! You're right.

If only 14,000 miles, then the price would bump up. However, that seems like barely enough milage to keep the battery charged and the hoses wet.

Agreed it is a bit double edged. I would be wary of a very low mileage car, even if it is genuine. They can incur big bills as easily as a high mileage example

edimac · 2nd August 2004, 04:46

Thanks for all the opinions so far, guys. While the car is immaculately maintained with low mileage and serviced by a certified BMW dealership,i'm still a bit wary with this 13 years old car with low mileage.I still think that there is a price to pay for these extremely low miles- water pump, hoses, etc.
In the meantime, I saw an E39M5, year 2000 with 45,000 miles listed for $45,000. It's more money but newer model. Should i wait and stretch the budget further when I can afford the E39 or go ahead and take the E34.
What do you all think? decisions, decisions, decisions!!
Again, thanks.

Hollis · 2nd August 2004, 07:55

Quote:

Originally Posted by edimac

Thanks for all the opinions so far, guys. While the car is immaculately maintained with low mileage and serviced by a certified BMW dealership,i'm still a bit wary with this 13 years old car with low mileage.I still think that there is a price to pay for these extremely low miles- water pump, hoses, etc.
In the meantime, I saw an E39M5, year 2000 with 45,000 miles listed for $45,000. It's more money but newer model. Should i wait and stretch the budget further when I can afford the E39 or go ahead and take the E34.
What do you all think? decisions, decisions, decisions!!
Again, thanks.

Really and truly, I think it might be better of you to just get a good example E34 M5 instead of this concourse model and keep the extra pennies to pay for maintenance and the lot (since that stacks up very appreciably on these things), and just keep the left-over cash for whatever else like a new home theatre. No sense in spending the budget on a "concourse" car, only to have to replace most of the hoses and belts, etc, because of disuse and age and wind up plunking down yet even more money.