I bought my 2000 M5 new in 7/2000. Until recently, it has not required a repair in the 27k miles I have owned it.
About 2 weeks ago I got in, started up, and drove away. At mid throttle the car sounded like the exhaust had fallen off. I stopped and looked under the car 3 times. No noticeable loss of power. Then the Check Engine light came on, and I drove it to the dealer at 4pm on a Saturday. Code said Vanos fault so I left it there.
Turns out the Vanos control unit failed, and the bill came to $2200, under warranty.
The lesson here: ugly exhaust noise plus check engine light equals pricey Vanos repair.
Car runs great now. I almost traded it for a Carrera 4S about two months ago, but glad I kept it as it is a great car, and I have an old 930 to drive if I need something less refined.
Steve