M5 a money pit? - Page 6 - BMW M5 Forum and M6 Forums
E60 M5 and E61 M5 Touring Discussion 2005- Advertiser's Forum

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post #51 of 92 Old 13th February 2017, 06:44 PM
feedthegoat25
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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.

If you are looking for a good Indy near Manchester, I can recommend Peter Van der Veer in Marsden. He is currently rebuilding my E60 M5 and has lots of experience with these cars.
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post #52 of 92 Old 13th February 2017, 08:11 PM
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Thanks for the recommendation feedthegoat25 although I am in Northern Ireland. I like to do as much of my own work as I can anyway. Only really get help from others if I need a special/specific tool or its electrical work such as coding as that makes my brain hurt.

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!
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post #53 of 92 Old 14th February 2017, 05:25 AM
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Ehhh just about any modern car will get to 100k with minimal issues - given that most CPO programs warranty through that mark, all parts are engineered with a lifetime of at least that.

Per Fiftytwoeighty's original argument, there's a very high correlation between people crying money pit and their cars having a million "look at me" type of mods (slammed suspension, huge wheels, vinyl on everything etc) and maintenance that isn't anywhere near commensurate with how much they rag on the cars.

I steer clear of any used high end car with aftermarket stuff on it and not surprisingly I've never had an issue. Here's a pro tip: anything with blacked out tail light and especially that goofy front tint strip will murder you in maintenance cost.
lol, so true! Crappy tires are also a dead giveaway.

2008 M5 SMG
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post #54 of 92 Old 14th February 2017, 10:34 AM
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I have owned my 2006 (80k miles on clock) M5 for 3 years and 20k miles, paying £17k for the car including a three year warranty. Other than servicing cost I have spent around £13k in repairs (3k ish covered by warranty). Clutch and flywheel replacement, which I expected as it was on the original clutch when bought it, so accounted for in the purchase price. Full engine rebuild due to damaged timing chain, oil pumps replaced, ionic control sensor replace, o2 sensors and some other minor repairs. So I would agree that these cars can be very expensive to maintain. Brakes all-around next, which I expect will be around £1500, and oil changes every 5k miles. But regardless of the cost, this is an awesome car and I will definitely be keeping mine for some time.
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post #55 of 92 Old 14th February 2017, 11:40 AM
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lol, so true! Crappy tires are also a dead giveaway.
Me looking at a car and noticing high end aftermarket wheels and chinese tires:


Last edited by pmalik; 14th February 2017 at 12:01 PM.
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post #56 of 92 Old 14th February 2017, 07:37 PM
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post #57 of 92 Old 15th February 2017, 09:14 AM
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Quote:
Originally Posted by pmalik View Post
Ehhh just about any modern car will get to 100k with minimal issues - given that most CPO programs warranty through that mark, all parts are engineered with a lifetime of at least that.

Per Fiftytwoeighty's original argument, there's a very high correlation between people crying money pit and their cars having a million "look at me" type of mods (slammed suspension, huge wheels, vinyl on everything etc) and maintenance that isn't anywhere near commensurate with how much they rag on the cars.

I steer clear of any used high end car with aftermarket stuff on it and not surprisingly I've never had an issue. Here's a pro tip: anything with blacked out tail light and especially that goofy front tint strip will murder you in maintenance cost.
That's my number 1 rule. If it's stock and has only blacked out taillights, it's definitely been abused. Mods on top of that only add to that abuse.
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post #58 of 92 Old 15th February 2017, 05:50 PM
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That's my number 1 rule. If it's stock and has only blacked out taillights, it's definitely been abused. Mods on top of that only add to that abuse.
That's not entirely true. You can't always judge a book by it's cover. Remember, when shopping for a new car, you're shopping the seller as much as the car. My lamborghini has tinted tails and sidemarkers, as well as an exhaust and it never gets abused. My M5 has exhaust, tints, front is lowered and that also never gets abused. In fact, the cars are taken care of likely better than 99% of all others out there.

Always remember, shop seller as much as the car. What their garage looks like and how they articulate their selling ad speaks volumes.

2007 E60 M5- Black Saphire

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CIC Retrofit
Euro SMG Tune
RPI Scoops and Block off Plates
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Black Kidney Grills
LED Interior, License Plate and Side Marker Lights
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post #59 of 92 Old 15th February 2017, 06:52 PM
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That's not entirely true. You can't always judge a book by it's cover. Remember, when shopping for a new car, you're shopping the seller as much as the car. My lamborghini has tinted tails and sidemarkers, as well as an exhaust and it never gets abused. My M5 has exhaust, tints, front is lowered and that also never gets abused. In fact, the cars are taken care of likely better than 99% of all others out there.

Always remember, shop seller as much as the car. What their garage looks like and how they articulate their selling ad speaks volumes.
I couldn't agree more. I'm on another forum where we buy/exchange/sell watches that range from four figures to six figures. The first rule is to buy the seller, before you buy the watch.

Unfortunately as more of these cars exchange hands and end up on dealer lots, it's getting harder and harder to buy the seller.

~Woody

///M The ///Most Expensive Letter in the Alphabet
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s85 + (afterthought) 6mt =133,000 miles with no RCOD and counting ...just saying...

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1988 e28 m5 STROKER 420bhp 91 octane(Paul Burke s38b39); VAC LTW flywheel; MegaSquirt G2 DME; Euro RestoMod track car: caged, 6 point FIA harness, FIA Sabelt GT-160 seats...AC/heater, interior, sunroof, rear seat delete; Euro Headers, dump valve, and race cats; z3 1.9L ssk and ZHP shifter; custom Ground Control Coilovers/camber plates; Mason Engineering front/rear strut bars; Brembo 6/4 BBK; 17x8 BBS RK w/Dunlop StarSpec II; undergoing Euro restoration, building the sub 2,400lb e28 CSL ///Motorsport never built. 5.71lbs/hp

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The Indys that I trust for all my Beasts' needs: oceansidemotorsports.com my local physician for service autohausfrankfurt.com/ my local Dinan supplier trinityautosport.com my local drug dealer for my crack habit
fastattackmotorsports.com because JColley!

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post #60 of 92 Old 15th February 2017, 06:54 PM
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Over the years of owning mine, I've dumped a ton of cash into it. Of course, some was preventative maintenance which won't be required for another 100-150k miles. Here is a short list of maintenance items with rough costs (parts + labor + tax)

LB Idle actuator (these go bad in 50-70k miles usually) ~ 2k (1k part, 1k labor + tax)
RB Idle actuator ~ 2k
All brakes and discs completely redone (oem) ~ 5k
Rod bearings change + other enginy stuff ~ 6.2k
LB Throttle actuator ~ 2k
Oil changes ~ prolly around 1.5k right now
Battery replacement ~ $300
New Key + reprogramming ~ $200

Yeah...you do the math.....

I mean, car runs great, other than the actuators, which are a pain and whenever they go bad car stalls and can die in the middle of the road (this is not dangerous at all BMW wtf), the car has actually been pretty reliable.

Soon I think I'll have to renew my clutch, now that's gonna be fun.

____
Meh.

Last edited by ADA; 15th February 2017 at 06:58 PM.
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