2002 m5 with 250k+ miles on it. What is it worth? - BMW M5 Forum and M6 Forums

Go Back   BMW M5 Forum and M6 Forums > BMW M5, M5 Touring, M6 and Z8 Forums > E39 M5 and E52 Z8 Discussion

E39 M5 and E52 Z8 Discussion 1998-2003 Advertiser's Forum


Reply
 
LinkBack Thread Tools Rate Thread Display Modes
Old 23rd January 2013, 00:17   #1
dunne44
Member, Sport: Off DSC: On (>50 posts)
 
Join Date: Mar 2012
Location: mass

Garage: 540i titan

Sales Feedback: (0)

Thanks: 4
Thanked 0 Times in 0 Posts
2002 m5 with 250k+ miles on it. What is it worth?

I was looking at a high mileage m5 which I am almost set on buying. So we can get this straight I have $11k to spend. I found a 2002 m5 two owner the current owner has driven it since 63k miles. Its in great shape he has a huge booklet for the maintenance. Runs and drives great. I was thinking about rebuilding the engine with the spare cash because I was trying to get it for $5.5k. BTW I'm doing all the work myself.

Do you think this is a fair offer? It is really hard to gauge value on such a high mileage super car.
dunne44 is offline   Reply With Quote Quick reply to this message
Old 23rd January 2013, 00:26   #2
C4RACER
m5board.comoholic (>1000 posts)
 
C4RACER's Avatar
 
Join Date: Oct 2003
Location: San Jose, CA

Garage: 2003 Imola M5

Sales Feedback: (0)

Thanks: 2
Thanked 62 Times in 52 Posts
Quote:
Originally Posted by dunne44 View Post
I was looking at a high mileage m5 which I am almost set on buying. So we can get this straight I have $11k to spend. I found a 2002 m5 two owner the current owner has driven it since 63k miles. Its in great shape he has a huge booklet for the maintenance. Runs and drives great. I was thinking about rebuilding the engine with the spare cash because I was trying to get it for $5.5k. BTW I'm doing all the work myself.

Do you think this is a fair offer? It is really hard to gauge value on such a high mileage super car.
hmm. I wouldn't go there. If you really want an M5 you may be better off with a 150K mile E34 M5 for $8Kish.
C4RACER is offline   Reply With Quote Quick reply to this message
Old 23rd January 2013, 00:31   #3
dunne44
Member, Sport: Off DSC: On (>50 posts)
 
Join Date: Mar 2012
Location: mass

Garage: 540i titan

Sales Feedback: (0)

Thanks: 4
Thanked 0 Times in 0 Posts
I do like the e34 but the e34 m5 isn't nearly has nice as e39 m5. People find this weird but I love to take stuff apart and fix my car. I love the e39 m5 its the most beautiful car I think I have ever seen. The new f10 m5 might rival it
dunne44 is offline   Reply With Quote Quick reply to this message
Old 23rd January 2013, 00:32   #4
cura
Fellow Member (>400)
 
cura's Avatar
 
Join Date: Aug 2010
Location: NYC

Garage: 05 X5 4.4, 01 M5, 95 M8

Sales Feedback: (2)

Thanks: 124
Thanked 40 Times in 34 Posts

You were looking for a motor the other day?
cura is offline   Reply With Quote Quick reply to this message
Old 23rd January 2013, 00:33   #5
dunne44
Member, Sport: Off DSC: On (>50 posts)
 
Join Date: Mar 2012
Location: mass

Garage: 540i titan

Sales Feedback: (0)

Thanks: 4
Thanked 0 Times in 0 Posts
I changed my mind I figure it would be cheaper (in the long run) just to get a m5
dunne44 is offline   Reply With Quote Quick reply to this message
Old 23rd January 2013, 00:38   #6
cura
Fellow Member (>400)
 
cura's Avatar
 
Join Date: Aug 2010
Location: NYC

Garage: 05 X5 4.4, 01 M5, 95 M8

Sales Feedback: (2)

Thanks: 124
Thanked 40 Times in 34 Posts
Look on the cars for sale section on the board there was a supercharged m5 for sale 17k milage was in the early 100s.
Good luck
cura is offline   Reply With Quote Quick reply to this message
Old 23rd January 2013, 01:17   #7
bmwMcrzy
M5 Expert (>4000)
 
bmwMcrzy's Avatar
 
Join Date: Jul 2011
Location: Chicago

Garage: 02 Le Mans Blue / Caramel DINAN S2

Sales Feedback: (1)

Thanks: 787
Thanked 452 Times in 349 Posts
KBB says with the mileage its worth privately

$7700 in excellent condition
$7300 in very good condition
$7000 in good condition
$6000 in fair condition
bmwMcrzy is offline   Reply With Quote Quick reply to this message
Old 23rd January 2013, 01:27   #8
DennisCooper
Addicted Member (>300 posts)
 
DennisCooper's Avatar
 
Join Date: Dec 2012
Location: West London/Heathrow

Garage: E39 530d Touring - Ex Police car - Alpine White

Sales Feedback: (1)

Thanks: 6
Thanked 45 Times in 39 Posts
Hi Dunne,

Firstly, how much has the seller got it advertised for ? If you are going to offer him $5.5K USD that to me equates to around 3500. Here in the UK, cars are very cheap due to various factors and 'generally' speaking, any E39 M5 which is priced perhaps 5500 and below is liklely to be a car that needs a LOT of work doing to it to really make it a good car again. There have been some instances of some M5 at this sort of pricing level and just a bit lower which have turned out to be 'good examples' but owners have then reported back soon after purchase with extensive preventative maintenence items/costs to help them with peace of mind with the condition of the car and drivetrain etc. So, with your thinking that you'll want to offer him quite a bit lower in equivalence, and the fact that in the USA, cars like the E39 M5 hold much more residual value in direct comparison to a UK car, it's even higher likely the car you are looking at will need significant amounts of spend in order to make it a 'solid' car. If you look at this forum, there are indeed a number of high mile M5's that are running really well, so it can be possible to run a very high miled example, but you'll need really deep pockets long term to keep the car running well. If not, and you neglect, there's a high risk it'll start to chew your wallet up FAST.

from there, have you been over to look at the car? have you enquired about if important aspects of the maintenence schedule have been carried out? DIY maintenence is a good idea, however these cars are complex units, and you'll perhaps need the assistance of diagnostic software, specialist tools as well as a good local independent specialist for jobs you simply won't be able to do just yet.

In short, as been said many times on this (and others) forums, it's easy enough buying the car, it's if you can maintain it well enough which is the real question.

Good luck!

Cheers, Dennis!
__________________
2003 Ex-Police E39 530 Diesel Touring. Alpine White, 260,000+ Miles & climbing!

Wheels;
19" Hartge Nova 5 - with custom painted 'Flash Chrome' centres & Polished Lips (set of 5)
19" Hartge Nova 5 - Awaiting custom re-finish (set of 4)
19" Hartge Classic - with custom powder coated centres in shadow chrome & diamond cut/no lacquer lips (set of 5)
20" Hartge Classic - Awaiting custom re-finish

Audio;
Full Custom Audio install - Arc Audio KS Mini ampliifers. DLS 5.25" 2 way front components & 4" 2 way co-axials. JL Audio 8W3-V3 subwoofer in stealth enclosure. Parrot Asteroid Smart head unit, custom door builds for DLS front stage & Earthquake SWS6 flatline subwoofers, custom rear pillar speaker pods. LumiDock iPod holder,

External;
H&R Springs, ExoticsTuning front lip spoiler, Sport F/R bumpers upgrade, Carbon Fibre effect printed Vinyl roof wrap, High gloss black vinyl window trim wrap, Hartge bonnet/hood & tailgate badges, rear rooftip spoiler, matt Black kidney grille, projector foglamps.

Internal;
Hartge auto gearlever, Hartge Handbrake handle, Hartge door sill strips, E46 M3 CSL Alcantara/Tri-stitch SMG steering wheel, full Black Leather Sport seats,

Engine;

Custom ECU re-map biased for more Power & Torque in Steptronic mode, EGR delete, K&N induction kit, Stainless steel de-cat, Stainless steel exhaust backbox with twin oval pipes.

Plenty more modifications to come!
DennisCooper is offline   Reply With Quote Quick reply to this message
Old 23rd January 2013, 01:49   #9
dunne44
Member, Sport: Off DSC: On (>50 posts)
 
Join Date: Mar 2012
Location: mass

Garage: 540i titan

Sales Feedback: (0)

Thanks: 4
Thanked 0 Times in 0 Posts
I know what you mean Dennis. It is advertised at $7000 but I can't find the listing now. I figure he doesn't have a lot of people wanting to buy it because if the mileage. He seems like my type of person. I spoke to him via phone he said he does the work himself and is an enthusiast. From the pictures it looked in great shape would pass for 130k miles. It is pretty solid the only thing I'm worried about is the rod bearings. I forgot to ask him if he had replaced them or not.
dunne44 is offline   Reply With Quote Quick reply to this message
Old 23rd January 2013, 03:37   #10
BloodRedM5
Senior Member (>500)
 
Join Date: Aug 2012
Location: California

Garage: 2000 M5

Sales Feedback: (3)

Thanks: 18
Thanked 15 Times in 15 Posts
Re: 2002 m5 with 250k+ miles on it. What is it worth?

Why not get the blue 2001 in the fs part out, had a front end rebuild, only 130k miles, dude only wants 10k cash for the whole car.

Has some nice rims, big brake kit

2001 Le Mans Blue M5 Possible Part Out / Complete Sale

seems like a better deal that buying such a high mileage vehicle for that much cash, especially if its not working properly

Last edited by BloodRedM5; 23rd January 2013 at 05:53.
BloodRedM5 is offline   Reply With Quote Quick reply to this message
Reply

Bookmarks


Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the BMW M5 Forum and M6 Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is my M5 worth? CB 13K miles Nasu M3 E39 M5 and E52 Z8 Discussion 34 5th November 2009 21:19
2002 E39 M5 - What is it worth? CEC E39 M5 and E52 Z8 Discussion 5 11th August 2006 18:41
Crashed 2002 M5 - what is this worth? legit526 E39 M5 and E52 Z8 Discussion 22 20th March 2006 05:49
Is this relly worth this money. BMW ALPINA 2002 zaki ALPINABoard.com | BMW Alpina Discussion 14 8th March 2006 17:44

Loading...

All times are GMT +2. The time now is 16:15.



Everything Copyright 2000-2008. Do not use ANYTHING from this site without written permission. All images, graphics, sound files, video files and text appearing on this web site are the exclusive property of m5board.com and are protected under international copyright laws. All images, graphics, sound files, video files and text on this site are for on-screen and on-site viewing and listening only. No part of this web site may be reproduced, copied, saved, stored, manipulated, or used in any form for personal or commercial purposes without the prior written permission of m5board.com. Use of any image or graphic as the basis for another photographic concept or illustration is a violation of the copyright. Any copyright infringement will be prosecuted to the full extent of federal and international copyright laws. M5board.com is an enthusiast board and we don't condone any dangerous activity. Our airfield events are completely safe based on years of experience, we conduct them during clear visibility with mature participants that have several years of experience with high-performance automobiles, large unobstructed run-off zones on sealed off private former military airbases and we clearly mark the braking zones. If inexperienced with high speed driving we do not recommend organizing your own event but attending a high-performance driving school. The use of the term "BMW" on this site is for reference only, and does not imply any connection between m5board.com and BMW AG or BMW North America.