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Discussion Starter #1 (Edited)
Had an 03 Sterling Grey M5 about 8 years ago and unfortunately did not have it very long and have missed it ever since.

In the meantime, I have had various 3 series, A couple 40th anniversary 996 911’s, a modified 996 Turbo, a Cayenne Turbo S, an e60 535 Msport, a few Miata’s, a Chevy SS and a F80 M3 Comp package car. I have the opportunity to buy my last 996 back so I sold my 340 M-sport and took a high mileage automatic e46 330i ZHP auto as partial trade. Had the exact car new back in 04 but it was an 6 speed. Anyway, I needed a winter beater and while I looked for one thought I’d bomb around in the ZHP. Even with snow tires, warped brake rotors and 150k mile I was instantly reminded how amazing BMW’s used to be. It had me rethink my 911 buyback and start looking at e39’s again. EAG bought my 03 M5 with 63k for about $22k 8 years ago and was floored at how much it would be worth today. So I figured I should grab one sooner than later. Long story short, I came across this horrible ad:


Was able to get some actual information from the seller and then get the PPI done. The PPI revealed a leaking rear main seal among some other minor things, but overall it seemed like a solid car, was a great color and had great mileage, so I went for it. Had is shipped up here and the took it immediately to a mechanic for a clutch, pressure plate, RMS, E60 shifter, brake fluid and coolant service. Before the service I am into it for $27300 including shipping, which would not be too bad, but I do have a few body work issues. Some I knew about, others I did not. The front bumper is detached by the drivers side wheel opening. The shop in Austin said it was repairable, but I found a bill when I received the car that a BMW dealer said it was not fixable and needed to be replaced. I also have two door dings which I am not sure will be able to be PDR’d. Finally some berry like substance on a quarter and trunk lid, which I am not sure will come out.

A little stressed about those items as replacing and painting them will bring down the value a bit, but at the end of the day, I really hope this is a long relationship. With 65k it has a ton of life left in it and my mechanic said it seems mechanically perfect. A little paint work will also keep my from being too precious about it and really just use it year round and as it was designed to be used.

Hope to pick it up tomorrow and start trying to clean it up a bit and get the stereo working. It is an aftermarket one that looks OEM but right now is not producing any sound.

If I have budget left after sorting the body work, I might install valves for the exhaust. With the SS and F80 M3, I really liked the dual mode exhaust option.

No pictures taken in my possession yet, so here is one from the seller.
937349
 

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Looks like it went to a good home. Congrats! I love blue cars. Leman's is a close second, but I think the E39 looks best in Individual Estoril Blue! Nonetheless, looks like a great car.
 

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2002 M5, Imola / Imola
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Congrats, looks great. Regarding the bumper, that happened on my 1st M5 years ago. There is a slider that is plastic welded to the bumper cover, and the slider holds the bumper tight against the fender. The slider's plastic weld can break off. It makes sense that a BMW dealer says it is non repairable, they are not in the business of repairing parts but selling new ones. A trusted bodyshop should be able to repair it for you though.

BTW - I'm also a 2nd time owner just recently purchased mine from this board as well. Cheers!
 

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Discussion Starter #6
Thanks for the good news and the bumper. Love Imola! Had two Imola ZHP’s and honestly was my first choice for the M5.
 

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post up some pics! I saw that car for sale here and thought it was a great deal. Sounds like it’s mostly just minor cosmetics; no stress!
 

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Discussion Starter #9
Thanks guys! Mechanicals are done. The clutch was actually not that bad, just the leaky RMS causing the issue. So replaced that, the clutch, new brake fluid, coolant and E60 shifter. Getting detailed as we speaking, including a paint correction which can be seen here.
http://instagr.am/p/B_IiUrCj4Tm/
 
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