Price Check: 2002 M5 with 63k miles - The Unofficial BMW M5 Messageboard (m5board.com)

britm3 · 20th June 2007, 17:19

I've been searching for a 02 M5 for some time, this board has proved to be a great resource in what to look for when making the plunge.

So seriously considering a 02 M5 Lemans Blue / Carmel, 63k miles, BMW service history checks out, M-Audio, no shades, no PDC, new tires, clutch doesn't slip, runs strong. Bone stock. Leather is great inside, very little wear. Exterior some rock chips/road rash.

I have not had a PPI performed, although the car is going being taken to a BMW dealer for an oil change and general checkup by the current owner/dealer.

Asking price is $29.8k which seems to be fairly agressive for the 02's with less than 70k miles?

Carfax is clean, shows three owners:
1. the original leasee.
2. dealer that bought it auction @ 60k miles
3. dealer that bought it auction @ 63k miles

Thanks.

SL

Michael_s · 20th June 2007, 17:33

Get the car checked out. If it's good I think that is a VERY reasonable price. I Just paid 37K for an 02 with 49,500 miles......

fluid · 20th June 2007, 17:35

I paid $40k for a CPO '02 with 49k miles. Very clean car.

RRL · 20th June 2007, 17:50

I'm in the market, and from what I've seen, I would be all over that.

Here is some wholesale data for you to munch on.

Auction Averages

	For Week Ending Jun 15
	Above	Average	Below	Apr 2007	Dec 2006	Jun 2006
Sale Price	$34,384	$29,478	$24,572	$34,717	$33,250	$35,833
Mileage	37,125	57,453	77,781	39,431	44,641	38,366
Total Sold All		8		1	1	3

Average Auction Mileage

Prices are based on more transactions than shown under 'Transactions', above.

	Jun 20 - Jun 27 2007
	Above	Average	Below	Jul 2007	Jun 2008
Auction	$32,600	$29,400	$26,200	$28,700	$24,700
Est. Retail	$35,700	$32,200	$28,800	$31,500	$27,200

nota_troll · 20th June 2007, 17:54

Just paid low 30s for 2002 black/black 34k mile car clean except a scratch on the hood. It was from a friend so not a good gauge.

britm3 · 20th June 2007, 18:03

Guys, great info, fluid and Michael_S looks like there is a premium (benefits also) with most CPO cars and sub 50k mile cars out there.

fluid · 20th June 2007, 18:20

I should note my car was from a private sale, not a dealer, but is CPO'd through next year.

Kelleyo · 20th June 2007, 18:51

I paid 41K for a 2002 with 31K miles. Car is in perfect condition and is loaded.

Schex · 20th June 2007, 19:21

Id say that is a very reasonable price if not a decent deal, got my 2000 w/ 64,000 on it for 30k. Now mine was lowered and supersprint exaust cat back, and upgraded headlights. 2002 has the new headlights taillights and nav/screen and bmw seemed to plish up the overall car in the last 2 years.

for my say.

Ben Carufel · 20th June 2007, 19:22

Sounds like a very cheap price.

I'm looking to get around $40k for my '02 Le Mans Blue with 57k miles (brand new Kumho MX, brand new foglights, brand new floormats, PDC, power sunshade, all-black leather, sport seats, alum trim., M-enhanced audio, fold down rear seats, etc).