Just bought a 2003 Bmw M5, w/stage 1 dinan, 9000 miles.
Pampered, 1 year left on maintainance/warranty.
Jet black..perfect.
Dream car to date!
Paid 50K. Good Deal? What do you think??
Should I buy the BMW maintainance or warranty extension?
Any hints for a new M5 owner?
Other than enjoy and be careful!
Thanks!!
(Any local members? Live in Saratoga Springs,NY)
You may think you are buying a "BMW warranty" if you buy it from a BMW dealer, but they are selling aftermarket third party warranties. Trick would have been to wrangle a CPO/warranty from the dealer when you purchased it (even if it was a private party sale, they can sometimes do it).
Even with the very mild stage 1, some extended warranties will use that to deny any coverage. (And before anyone says that the Moss Magnussen act prohibits this- an 'extended warranty' is not subject to this restriction.)
50k is on the high side for an 03, but 9k miles demands a premium. (Given the low miles and the Dinan upgrade, the price seems good.)
I wouldn't own this car without a warranty... but I also pass on the maintenance agreements- not a fan of dealer maintenance.
Just bought a 2003 Bmw M5, w/stage 1 dinan, 9000 miles.
Pampered, 1 year left on maintainance/warranty.
Jet black..perfect.
Dream car to date!
Paid 50K. Good Deal? What do you think??
Should I buy the BMW maintainance or warranty extension?
Any hints for a new M5 owner?
Other than enjoy and be careful!
Thanks!!
(Any local members? Live in Saratoga Springs,NY)
Yeah, great deal on the car! Normally I am in Boston, but I do own a home in Saratoga Springs. I am there quite often... couple time a month usually. Shoot me a PM, and maybe we can meet up.
__________________ 2003 M5 Sterling Grey/Black
V1/StealthOne
Ultimate Pedals Titanium
Factory Brake Duct Upgrade
Supersprint Cat-back race exhaust
UUC Evo 3 SSK/DSSR/Black Tranny Mounts
OEM 9.5" rims x 4 with 275/35ZR18 Pilot Sport PS2, racing metal value stems
OEM MP3-capable CD Changer, Bluetooth (12th Generation), Sirius Satellite radio, DVD Nav 2007.2
Sounds like a good deal, assuming condition matches mileage.
Have fun with your car. Welcome to the Board.
__________________
2008 BMW X5, 4.8i Sport (Our Family Hauler)
2006 Ford GT, Heffner Pulley, Heffner Tune, Accufab Exhaust, Ford Racing SSK, Halon Fire Suppression, Crow 6 Point Harnesses, Setrab Transaxle Cooler
2006 Dinan Mini Cooper S, Dinan Valved Koni Shocks, Eibach Springs, Dinan 3 Piece Forged Wheels, Dinan 15% reduction Supercharger pulley Kit, Dinan CAI, Dinan Exhaust, Dinan Stage V Software, Alta Intercooler, LSD, Sport Package
2001 M5, Carbon Black Metallic, LOTS of mods, gone but fondly remembered
Dyno 395.5 rwhp
2004 BMW K12S, Nurburgring Test Ride Event, 1 of 4 USA Test Riders selected
BMWs Sold: 1987 535is, 1997 M3 Sedan, 2000 K1200RS, 2000 R1200C, 1997 328i Sedan, 2004 R1100S BMW Boxer Cup Replika #3/300, 01 M5
I think you got a great deal. The only bug in the ointment is that the warranty will soon expire. I would look into an extension; unfortunately, this can not be done by BMW. The BMW extensions can only be bought by the original owner or by virtue of the CPO process.
You might want to do a search...my understanding is that some decent warranties are available for about $3K (2-3 years of coverage after the original warranty).
You CAN buy the maintenance extension from BMW, which covers oil changes, clutch (unless "abused"), brakes etc. I personally did this, as I wanted the fullest "protection" available (warranty + maintenance), although its value can be disputed.
Yes you got a good deal. It would depend how much the warranty is and what it will cover? If this is going to be your daily driver, you may want to really consider it.
__________________
02 Sterling Grey with Extended Caramel Leather
AA Cold Air/ Brake Ducts, SS Headers, Mystery Short Shift, Dinan Stage III w/ JRZ, Tubi Competition Exhaust, Dinan Stage 4 software, Hardwire V1, XM, Clear Bra.
2004 X5 4.8is (for sale, PM if Interested)
2010 X5 Diesel Ordered
2005 X5 RIP
1995 E36 325i Sold
1989 E30 325i RIP
1972 3.0s Sold
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