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Join Date: May 2017
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Buying advice: 2000 E39 M5, 174k, <$10k
I'm planning on going out to Houston tomorrow to buy an E39 M5. Black on black, 175k miles, no known issues (although the wiper motor and ABS module were recently replaced), aftermarket wheels (hate them), good rubber, and supposedly remarkably solid for the mileage. Only 3 owners, no accidents, limited maintenance records, but an overall clean Carfax (despite an emissions failure back in 2011, which we don't do in San Antonio).
I've been around M's in various capacities my entire life (E36 and E46 M3s, E39 and E60 M5s), and have contemplated buying one for many years now. I'd been looking at the ~$25k price point at examples with roughly 80,000 miles on them, and then stumbled upon this bargain gem.
The leather looks to be in remarkable condition for the mileage, so it was almost certainly re-done at some point in the car's life (especially given that the front seat bottom bolsters are single pieces of leather rather than two).
I'm heading to Houston tomorrow to take it for a test drive and get it over to Bimmer Workshop for a pre-purchase inspection, and a compression test if that's not included.
Provided it checks out and there are no major issues (the only visible problem is a missing washer fluid reservoir cap, and those god-awful wheels)... Think this is a decent deal?
I'm absolutely not afraid of doing my own work either, and am well-versed in parts prices for E39's and S62 components. This would be a secondary (third) vehicle filling occasional daily driver duties, and to serve as the basis for an extremely stupid project within the next few months.
What are y'alls thoughts?
Frequently wrong, but seldom in doubt.