M5 a money pit? - Page 5 - BMW M5 Forum and M6 Forums
E60 M5 and E61 M5 Touring Discussion 2005- Advertiser's Forum

 32Likes
Reply
 
LinkBack Thread Tools Rate Thread Display Modes
post #41 of 88 Old 12th February 2017, 07:41 AM
Derived
Member
 
Join Date: Nov 2016
Posts: 42
Thanks: 1
Thanked 0 Times in 0 Posts
My car developed a misfire on the drive home, and 3.5 weeks after I bought it it left me stranded at the airport at 10:30 pm in single-digit temperatures...spent 6 weeks at the dealer and cost about 3k to get the clutch, clutch slave, and PLDC changed + a couple minor things.

I'd still buy it again. Like has been stated before, there really is nothing else that will do what this car can. Nothing will give you an engine like this, comfort and luxury like this, handling/driver involvement like this, all for the type of price you can now buy them for. They will absolutely cost you money over a long enough timeline. May not be worth it for some....but I can't think of many cars I'd rather own right now, certainly not for the insanely good price I paid for mine given its overall condition and spec.


Sent from my iPad using Tapatalk
Derived is offline  
Sponsored Links
Advertisement
 
post #42 of 88 Old 12th February 2017, 07:42 AM
alpinerunner
Member, Sport: On DSC: On (>100 posts)
 
alpinerunner's Avatar
 
Join Date: Aug 2015
Location: Stamford, CT
Age: 32
Posts: 102
Thanks: 38
Thanked 11 Times in 10 Posts
Garage
Quote:
Originally Posted by corrieharris27 View Post
No. Its really not. The car I'm looking at is an 08 with 41k for $33k. I know repairs and parts won't be cheap that's a no brainer but the people on the site made it seem like its problem after problem after problem, as If it will be in the shop every other week.

Sent from my LG-K428 using Tapatalk
I think you'll be OK with that mileage. Plenty of time to gather funds for D-day. Nothing should go wrong at 40K miles. Reevaluate at 60,000 miles. You might hate the car or love it to death. Reevaluate the problems then. You're wealth enough to buy a low mileage E60 M5. Enjoy it!

2001 M5 - DD
-Shark Injector, Dinan S2 suspension, Powerflex thrust arm bushings, SBC S2 Clutch, Beastpower rear ARB brackets
-MKIV Nav, DICE Mediabridge, Euro Armrest

1990 M3 - Weekend/HPDE
-Full Ground Control Suspension
-Schrick 284/276, VAC stage 2 head, CF Airbox / Alpha-N / 48mm T-bodies
-Z3 steering rack, VSR Center section / Supersprint exhaust

X5 35D - Wife/family car
alpinerunner is offline  
post #43 of 88 Old 12th February 2017, 09:57 AM
carlos916
Junior Member, warming up (<31 posts)
 
carlos916's Avatar
 
Join Date: Jul 2013
Location: Sacramento, CA
Posts: 20
Thanks: 0
Thanked 0 Times in 0 Posts
just gets a PPI for peace of mind and if you can spare a couple dollars have them check your vanos solenoids.. that alone can make or break the deal..

I've had my M5 for about 1.5 years and am finally dealing with major repairs so its true its a money pit but like all have stated its a fun one😂 regardless do your research and good luck on your buy!
carlos916 is offline  
 
post #44 of 88 Old 12th February 2017, 04:04 PM
enzo_m5
Junior Member, warming up (<31 posts)
 
Join Date: Jan 2017
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Quote:
Originally Posted by umichchris View Post
MONEY PIT!


if i could go back in time, id NEVER buy mine....but now that ive had it for 5 years and sank in over $10k in repairs....it would be dumb to sell it for the maybe $20k its worth on the market these days so in the collection she stays.

buy one only if its a spare car that you dont need to rely on for anything other than fun on the weekends. its easily the least reliable BMW produced within the last 10 to 15 years.

but if you have money to burn its a fun car to own!
10k over 5 years isn't bad for a beast like this
enzo_m5 is offline  
post #45 of 88 Old 13th February 2017, 05:20 AM
Abdiel Hiram Gonzalez Mafla
Member
 
Abdiel Hiram Gonzalez Mafla's Avatar
 
Join Date: Jun 2015
Posts: 42
Thanks: 21
Thanked 0 Times in 0 Posts
Any M5 to me is a money pit, sooner or later, but would regret not to have one

My E39 M5 spent so much money than all my other cars altogether, and that just on maintenance repairs
Abdiel Hiram Gonzalez Mafla is offline  
post #46 of 88 Old 13th February 2017, 10:29 AM
Celicasaur
Junior Member, warming up (<31 posts)
 
Join Date: Jan 2017
Posts: 16
Thanks: 0
Thanked 0 Times in 0 Posts
Damnit, it's only manual in North America.........I wonder if people have imported the tranny and rest of the bits from the USA to the UK and done the swap here....damn... I'd kinda love to do that, but seeing as you guys are telling me it's a problem-child, I think it's best I steer clear for now. I've already got a car that breaks on me once a year and I spend around £3000 to £4000 on as it is.

Generally speaking, this thread is referring to the E60 M5 isn't it? Not the E39, although I know the E39 is one helluva liability at times too. Damn though, the thought of an E60 manual M5 is turning me on though...so much win.

Quote:
Originally Posted by DaveY View Post
My car broke down 5 minutes and 1 mile after I bought it and cost me £1500 to repair, and it still wasn't fully serviceable. And still isn't now after the first few months.
I feel for you man....i have to ask...(and I'm being genuine here) did you buy it from the Midlands or around Manchester/Bradford etc? Did you know it would have it's challenges and have you found any evidence to suggest that the lemon status was cloaked by the previous owner?
Celicasaur is offline  
post #47 of 88 Old 13th February 2017, 11:49 AM
DaveY
Member, Sport: Off DSC: On (>50 posts)
 
DaveY's Avatar
 
Join Date: Oct 2016
Posts: 80
Thanks: 10
Thanked 5 Times in 5 Posts
Garage
Quote:
Originally Posted by Celicasaur View Post
I feel for you man....i have to ask...(and I'm being genuine here) did you buy it from the Midlands or around Manchester/Bradford etc? Did you know it would have it's challenges and have you found any evidence to suggest that the lemon status was cloaked by the previous owner?
Manchester yes. Should have been a sign. LOL
I suspect the previous owner had the faults completely wiped before I test drove it and it just happened to work alright for the time it was test driven. It was working fine (apart from a single PDC sensor and the obvious crash damage to the front end) when I drove it away from his house so there is no comeback really.

I knew these cars needed love and attention and this was inevitable really, but at least its done now and I can rest assured I know the cars history from here on in.

The pistonheads article I posted a week ago has at least given me some confidence that i bought the car either cheap enough, or at the right time for the appreciating market. Having it completely restored and repaired to factory good condition will help too. It just takes time and careful timing of my repairs/purchases.

Illustrious car history:
'94 Renault Clio, '86 Peugeot 205, '97 Peugeot 106, '89 Nissan 200SX, '99 Peugeot 306 GTI-6, '01 Citroen Xsara, '07 Ford Mondeo, '06 BMW 335d E92, '06 BMW E60 M5 + Various smaller cc motorbikes over the years!
DaveY is online now  
post #48 of 88 Old 13th February 2017, 12:00 PM
Celicasaur
Junior Member, warming up (<31 posts)
 
Join Date: Jan 2017
Posts: 16
Thanks: 0
Thanked 0 Times in 0 Posts
Quote:
Originally Posted by DaveY View Post
Manchester yes. Should have been a sign. LOL
I suspect the previous owner had the faults completely wiped before I test drove it and it just happened to work alright for the time it was test driven. It was working fine (apart from a single PDC sensor and the obvious crash damage to the front end) when I drove it away from his house so there is no comeback really.



I hope the seller got the karma that is due to them.....that's so bad. I could probably sell a car with a couple/few minor issues and turn a blind eye to them (the odd cheap sensor or a lightly worn bush), but I just couldn't knowingly sell a lemon to someone without them knowing....I don't know how some people have the stomach for that. lol a few years ago I sold an E55 AMG and knocked off £100 without him asking, so he could get a fresh oil change once back home
Celicasaur is offline  
post #49 of 88 Old 13th February 2017, 01:07 PM
gmak
Member, P500 Sport, DSC On (>700)
 
Join Date: Dec 2014
Location: Canada
Posts: 754
Thanks: 23
Thanked 55 Times in 55 Posts
I agree Celicasaur. I'm not comfortable selling any of my cars unless I would feel comfortable giving it to my daughter. I want the next person to have as good an experience as I have. I've done a lot of pro-active preventative maintenance, especially around 100K miles.

But the M5 I bought has been very frustrating in terms of things popping up - and 'things' on an M5 are always a chunk of money.
gmak is offline  
post #50 of 88 Old 13th February 2017, 04:35 PM
Celicasaur
Junior Member, warming up (<31 posts)
 
Join Date: Jan 2017
Posts: 16
Thanks: 0
Thanked 0 Times in 0 Posts
That probably explains why there is such a vast difference in price for them. Here in the UK we see examples ranging from as low as sub £10k, all the way up to high £20k or low £30k. There is also a clear difference in the types of owner affluence, defined by the price gap.

Well, for now I'll just enjoy my E39 M5. I tell you what though, if somebody was to make affordable manual conversions in this country or in Europe damn it would change the way how a lot of us view the E60. The general consensus here is that if you want a proper M5, you get an E39 and that's largely to do with the manual tranny (and the timeless looks, but let's ignore that for now). I've never considered the E60 myself also until yesterday for a a few minutes when I saw this thread....but then I continued to read it and got scared off
Celicasaur is offline  
Reply

Bookmarks

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the BMW M5 Forum and M6 Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 4 (2 members and 2 guests)
Slippery , Wane Ramsay
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:



Similar Threads
Thread Thread Starter Forum Replies Last Post
Re Intro to my Money Pit with pics! RayIam E39 M5 and E52 Z8 Discussion 50 20th May 2014 10:33 PM
Money where your mouth is!!!! (money goes to charity!) mattmartindrift E39 M5 and E52 Z8 Discussion 65 17th September 2011 06:32 AM
Some teaser pics of "The Matte Black Money Pit"... vantaam5 E39 M5 and E52 Z8 Discussion 82 25th May 2011 02:43 AM
Endless money pit.... mmzcee E39 M5 and E52 Z8 Discussion 29 11th May 2011 12:35 PM
Cheap project or just a huge money pit? carlgrz E39 M5 and E52 Z8 Discussion 11 18th July 2010 10:12 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome