M5 a money pit? - Page 8 - BMW M5 Forum and M6 Forums
E60 M5 and E61 M5 Touring Discussion 2005- Advertiser's Forum

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post #71 of 92 Old 16th February 2017, 11:47 AM
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Sweet Jesus, i think this thread alone will save the E60 M5 as a marque in general tbh.

It'll make potential buyers run a mile unless they know they've got a hefty amount of cash in reserve for inevitable upkeep.

Damn...........i never knew this car would be so costly to run. Brilliant in it's own right....but a perfect example of...just because you can afford to buy the car, doesn't mean you can afford to run the car.
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post #72 of 92 Old 16th February 2017, 02:42 PM
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Moral of the E60 M5 story is source/buy your own parts and install them yourself.

Save some money, learn a little something, feel good about it.

Current: 6MT 2008 E60 M5 (IB)
Sold: E46 M3 (6 years of ownership)
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post #73 of 92 Old 16th February 2017, 07:25 PM
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I would, however, like to respond to all of the valid points in response to my ownership costs.

1. Yes I am getting ripped off by the stealership and I know it.
2. As I've said, I cannot service the car myself, and nobody around would do it other than the stealer.
3. I was well aware of the high maintenance costs of the vehicle when I purchased it. This is why none of the issues I've ever fixed with mine were ever a surprise, unlike they might have been for a lot of other owners. I've seen a lot of people buy the V10 beast, and then sell it within 2 years because they just couldn't cope with the maintenance costs.
4. Recently I did figure out a way for myself to save, I buy parts myself and just have dealer install them. The maintenance costs have dropped about 50% because of that. The only downside, the parts have to be OEM, otherwise they don't touch them.

Quote:
I'm guessing every single car you've owned has been a money pit.
Considering how my M5 is the only car I've ever owned, that'd be a no.

Yes, I've spent a ton of money on my car, yes I baby it. Yes it's illogical. But I love my car and love defies logic. I bought what I liked, and I drive what I like. And I don't care how much it costs because the car I drive is my favorite car in the world right now.
Isn't that what happiness is all about? :P

But of course, I am trying to save money where I can, not being completely stupid about it. I just have to deal with certain limitations of my situation (absence of good indy and my own garage). But whatever it is, no expense is ever spared on the M or the missus.

____
Meh.

Last edited by ADA; 16th February 2017 at 07:26 PM.
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post #74 of 92 Old 17th February 2017, 05:56 AM
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But it was so much fun to drive different brand new loaners for extended periods of time when the m5 was in the shop! And it was in the shop 1/3 of all time I owned it. Glad to have sold it after 2 years of ownership and over 10k spent.

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post #75 of 92 Old 17th February 2017, 10:26 AM
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Funny story, first time i saw a m5 in real life was on the back of a tow truck. Just as i was discussing with someone i was about to buy one haha

Personally i do dyi a small amount, but tend to purchase my own and get dealer to fit it

Mainly because im time poor

M5 E60 Silverstone, evolve tune, eventuri intake
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post #76 of 92 Old 17th February 2017, 02:53 PM
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Quote:
Originally Posted by ADA View Post
Considering how my M5 is the only car I've ever owned, that'd be a no.
What!? That's crazy! Only a rare few can say that...

Current: 6MT 2008 E60 M5 (IB)
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post #77 of 92 Old 17th February 2017, 04:13 PM
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Quote:
Originally Posted by DaveY View Post
Money Pit Confirmed. LOL


The BMW stealers near me charge $125/hr to be honest, but an ex-dealer BMW mechanic charges me $45~/hr.
I was all for getting my 335d properly serviced by BMW Main Dealers so i could keep its value up in its service history. As I've bought my M5 with only part of a history and accident damage, it doesn't other me so much.
+1 +1 My dealers charge $120/hr for labor, one of our only German indy shops charges $140/hour, but my friend in the next town over (45 min drive) owns a shop and just hired a licensed BMW tech who is in love with ///M cars. He only charges $40/hour

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post #78 of 92 Old 18th February 2017, 01:45 AM
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Here's what I did to my 06 in the 4 years, and about 18k miles I had it -

Repairs -

8/12/2012 $140.00 Stevens Creek BMW Comfort access programming
2/1/2013 $4,594.00 Mt View BMW Vanos high pressure line
2/1/2013 $361.94 Mt View BMW Thigh support motor
2/1/2013 $260.00 Mt View BMW Transmission reprogram
7/29/2013 $1,759.27 Mt View BMW Throttle actuator
12/27/2013 $2,764.08 Mt View BMW A/C Evaporator
2/21/2014 $- Mt View BMW A/C Flap
9/8/2014 $431.39 Mt View BMW Ignition coil
11/8/2015 $2,474.39 Mt View BMW Seat occupancy sensor
11/8/2015 $625.63 Mt View BMW Thrust arm bushings

Maintenance -

2/1/2015 $3,941.00 Mt View BMW Clutch and flywheel
7/31/2013 $195.00 Mt View BMW Brake fluid
1/24/2013 $862.90 Sonic Motorsports Transmission/diff fluid, battery
2/21/2014 $192.10 Mt View BMW Oil change
10/14/2015 $180.00 Dinan BMW Oil change
10/13/2015 $602.70 California Wheels 2 285/35/19 Hankook rear tires
5/27/2014 $29.87 Wheel Works wheel balance
5/30/2014 $275.00 California Wheels Wheel alignment
11/3/2015 $199.98 Dinan BMW Wheel alignment
2/13/2013 $- Mt View BMW Oil change
11/8/2015 $168.45 Mt View BMW Power steering flush
11/8/2015 $193.34 Mt View BMW Cooling system flush

Total repairs maintenance over 18k miles - $20,251.04

Money pit for sure. I do miss it dearly though.

edit: I should add that most of the repairs were covered by warranty (carmax) and that those prices listed are at the discounted labor rate of the warranty co. I believe it was 25-50 per hour cheaper which is SIGNIFICANT.

-Leo

2006 M5 (SOLD)
2016 Camaro SS - MURICA!!!!

Last edited by cleoent; 18th February 2017 at 01:46 AM.
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post #79 of 92 Old 18th February 2017, 02:36 AM
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Quote:
Originally Posted by cleoent View Post
Here's what I did to my 06 in the 4 years, and about 18k miles I had it -

Repairs -

8/12/2012 $140.00 Stevens Creek BMW Comfort access programming
2/1/2013 $4,594.00 Mt View BMW Vanos high pressure line
2/1/2013 $361.94 Mt View BMW Thigh support motor
2/1/2013 $260.00 Mt View BMW Transmission reprogram
7/29/2013 $1,759.27 Mt View BMW Throttle actuator
12/27/2013 $2,764.08 Mt View BMW A/C Evaporator
2/21/2014 $- Mt View BMW A/C Flap
9/8/2014 $431.39 Mt View BMW Ignition coil
11/8/2015 $2,474.39 Mt View BMW Seat occupancy sensor
11/8/2015 $625.63 Mt View BMW Thrust arm bushings

Maintenance -

2/1/2015 $3,941.00 Mt View BMW Clutch and flywheel
7/31/2013 $195.00 Mt View BMW Brake fluid
1/24/2013 $862.90 Sonic Motorsports Transmission/diff fluid, battery
2/21/2014 $192.10 Mt View BMW Oil change
10/14/2015 $180.00 Dinan BMW Oil change
10/13/2015 $602.70 California Wheels 2 285/35/19 Hankook rear tires
5/27/2014 $29.87 Wheel Works wheel balance
5/30/2014 $275.00 California Wheels Wheel alignment
11/3/2015 $199.98 Dinan BMW Wheel alignment
2/13/2013 $- Mt View BMW Oil change
11/8/2015 $168.45 Mt View BMW Power steering flush
11/8/2015 $193.34 Mt View BMW Cooling system flush

Total repairs maintenance over 18k miles - $20,251.04

Money pit for sure. I do miss it dearly though.

edit: I should add that most of the repairs were covered by warranty (carmax) and that those prices listed are at the discounted labor rate of the warranty co. I believe it was 25-50 per hour cheaper which is SIGNIFICANT.
Leo - good records - thanks for that.

Now the real question - how is that Camaro?
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post #80 of 92 Old 18th February 2017, 03:51 AM
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Quote:
Originally Posted by cleoent View Post
Here's what I did to my 06 in the 4 years, and about 18k miles I had it -

Repairs -

8/12/2012 $140.00 Stevens Creek BMWComfort access programming
2/1/2013 $4,594.00 Mt View BMWVanos high pressure line
2/1/2013 $361.94 Mt View BMWThigh support motor
2/1/2013 $260.00 Mt View BMWTransmission reprogram
7/29/2013 $1,759.27 Mt View BMWThrottle actuator
12/27/2013 $2,764.08 Mt View BMWA/C Evaporator
2/21/2014 $- Mt View BMWA/C Flap
9/8/2014 $431.39 Mt View BMWIgnition coil
11/8/2015 $2,474.39 Mt View BMWSeat occupancy sensor
11/8/2015 $625.63 Mt View BMWThrust arm bushings

Maintenance -

2/1/2015 $3,941.00 Mt View BMWClutch and flywheel
7/31/2013 $195.00 Mt View BMWBrake fluid
1/24/2013 $862.90 Sonic MotorsportsTransmission/diff fluid, battery
2/21/2014 $192.10 Mt View BMWOil change
10/14/2015 $180.00 Dinan BMWOil change
10/13/2015 $602.70 California Wheels2 285/35/19 Hankook rear tires
5/27/2014 $29.87 Wheel Workswheel balance
5/30/2014 $275.00 California WheelsWheel alignment
11/3/2015 $199.98 Dinan BMWWheel alignment
2/13/2013 $- Mt View BMWOil change
11/8/2015 $168.45 Mt View BMWPower steering flush
11/8/2015 $193.34 Mt View BMWCooling system flush

Total repairs maintenance over 18k miles - $20,251.04

Money pit for sure. I do miss it dearly though.

edit: I should add that most of the repairs were covered by warranty (carmax) and that those prices listed are at the discounted labor rate of the warranty co. I believe it was 25-50 per hour cheaper which is SIGNIFICANT.
Do you remember what repairs were covered? Specifically that dreaded throttle actuator? I have the USAA warranty with my car for peace of mind. Would be nice to hear it can possibly cover that.

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2004 ///M3 Alpine White/Cinnamon/2x2 CF Trim/CSL Splitter/Diffuser
AP Headers/RE Diablo Exhaust/TTFS/Apex ARC-8 19x9.5" ET33|19x10" ET25
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