2000 M5 owners input wanted! (even 02, 03)

vvanherk · 4th September 2004, 00:08

Hello again.

As you might have seen from previous posts, I'm looking for an M3 or an M5.

Test drove the M3 today, but I'm being swayed by the power of the M5. Great torque.

I have options on an 00, 02, and possibly 03.

Previous post on asking between an 00 and 02 was very helpfull. Everyone recommends the 02, and money aside, I would agree.

However, I'm struggling with the price difference, so would appreciate some more input.

Mayny comments were made regarding the 00 problems, specifically to oil, vanos, etc. How prevelant are these problems? The 00 I'm looking at is a BMW Certified Series, so I get warranty 1.x more years, or 60K Kms. Would those issues be covered? Have you other owners been experiencing these problems? Would you turn back the clock and get on 02 instead of an 00?

Also, will the dealer give me the service sheet on what has been done to the car? Is there anything specific to the 00 that I should ask the dealer to do before I take posession?

For any 02 and 03 owners, any input is welcome as to how your car has performed and if there are any issues I should be aware of.

Sorry for all the posts, but would like to keep this car for some time, and want to make the best decision possible. Have wanted one ever since they came out.

P.S. This is a great board.

Regards,
Vic

Need4Spd · 4th September 2004, 00:17

So I don't know the price diff. you're talking about, but one way to look at it is that if VANOS fails after warranty expires, it's $3-4k USD, so is that greater or lesser than the price diff.? I suppose it could fail in '02 model, too, however.

vvanherk · 4th September 2004, 02:55

Quote:

Originally Posted by Need4Spd

So I don't know the price diff. you're talking about, but one way to look at it is that if VANOS fails after warranty expires, it's $3-4k USD, so is that greater or lesser than the price diff.? I suppose it could fail in '02 model, too, however.

Ok, Data update.

Option 1:
2000 M5
Silver/Blk/Aluminum
$63K Cdn
60K Kms
BMW Certified Series

Option 2
2002 M5
Silver/Black/Aluminun
$78K Cdn
42K kms
BMW Certified Series

Option 3
2003 M5
Laguna Blue/Black/Aluminum
$85K Cdn
47K Kms (lots for an 03 I think)
BMS Certified Series

All are nice cars. I like the price of the 00, but not sure how prevelant the reliability issue is. Seems like there is lots of 00 owners on the board....

Again, thanks for the continued input. Any comments are welcome.

tx.
Vic

schnelleM5 · 4th September 2004, 03:35

High mileage for the '03, but you will have an additional year under warranty. The '03 would be the only model year to come equipped with DVD-based Nav. Laguna Seca? Blue would also be an Individual color for the M5. I would opt for the '03, assuming you like the color.

vvanherk · 4th September 2004, 06:51

Quote:

Originally Posted by schnelleM5

High mileage for the '03, but you will have an additional year under warranty. The '03 would be the only model year to come equipped with DVD-based Nav. Laguna Seca? Blue would also be an Individual color for the M5. I would opt for the '03, assuming you like the color.

Ya, think I might be screwed up on my color terminology. I think it was Le Mans Blue. Whatever it is called, I liked the color.

Mike0804 · 4th September 2004, 09:33

I will offer you mine for 57800 CDN. You would have one of the fastest M5's in Canada, with no maintenance issues. Check my ad in the for sale section.

atlantisvip · 4th September 2004, 13:34

What is the conversion of canadian to dollars ?

vvanherk · 4th September 2004, 14:45

Quote:

Originally Posted by atlantisvip

What is the conversion of canadian to dollars ?

Current rate as of today is 1.3006 Cdn for 1.000 US

vvanherk · 4th September 2004, 14:48

Quote:

Originally Posted by Mike0804

I will offer you mine for 57800 CDN. You would have one of the fastest M5's in Canada, with no maintenance issues. Check my ad in the for sale section.

Hey Michael.

Appreciate the offer. Sounds like a great deal!

However, I would still have to import the car, and pay 15% tax on it at the border. As well, I would have a harder time selling it up here as it has american gauges, etc(we are metric up here). Dealers wont even think about taking them.

Mike0804 · 4th September 2004, 17:51

After you've had fun with the car for a couple years, I would suggest selling it to a US buyer, not a Canadian. And I certainly wouldn't suggest letting it go to a dealer for wholesale. This car isn't for everyone. It's extreme in terms of power an aggressiveness, but still very comfortable. If you truly wanted the car, we would make arrangements so that the import tax and shipping to your home would not be an issue.