BMW M5 Forum and M6 Forums banner

1 - 20 of 21 Posts

·
Registered
Joined
·
26 Posts
Discussion Starter #1
It is a 2000 M5 with 78,000 miles. I test drove it about a month ago when they were asking $34,000. There were some issues:

1. There were no service records in the booklet in the car. The salesman was able to dig up records for 3 or 4 oil changes from a non-BMW shop. As far as I could tell no major service had been done (inspection 1/2, coolant flush, brake fluid flush).

2. The trip computer said "Check brake linings", so I assume the pads and probably rotors need to be changed.

3. One cupholder wouldn't stay closed -- no biggie.

4. I guess there had been a phone, but there wasn't now and a plastic pop-out thingy kept hitting my elbow.

5. The sub in the back dash was emitting rattles only.

6. There were three different brands of tire on the car!

I passed as it seemed the previous owner had not taken the best of care.

Today they are advertising it for $31,000 and I am remembering the test drive. It performed flawlessly. I loved it.

Should I have it inspected? The local dealer does a less than thorough $65 inspection. I'm not sure I'd be able to find someone in Omaha, Ne with the know-how to inspect this car appropriately.

Sorry, this has been so long, but It's a pretty big decision.

SO, should I pursue this or wait for something less sketchy?

Big thanks in advance.

Trying to join the club, Noflash
 

·
Registered
Joined
·
302 Posts
I would stay away from it. Those things make it sound like it was beat up on. No service records in 70000 miles is shady. Carfax is not reliable, but you could always punch in the vin and see what it comes up with, maybe a damage history. Anyone who drives an M5 with different tires and all those things obviously didnt care about it, so who knows what they did to it or who was driving it. Just my 2 cents.
 

·
Registered
Joined
·
244 Posts
I would have it looked at. Also have the VIN run at a dealer to see if it is in the dealer network. If it is they will print out the services done on it an black out the last ownerts name with a sharpie. Just hold it up to the light and voila, you now have the last owners info and can contact him.

The inspection you get needs to be very thorough. I would have a full mechanical inspection done and a body inspection done. I do not own an E39 M5 but I have owned an E34 M5 and did just what I listed above. I also have an E30 M3 and will buy an E39 M5 this year. need to get rid of some cash :*) I have owned BMWs all my life and can't count all of them anymore.

Service records are key to buying an M car in my opinion. As the repairs on them are very very pricey. For example, to rebuild a stock s14 M3 motor is 10K. This is a 4 banger. Imagine an 8 lump mill$$$$$ You need to know it was taken care of.

The price is great but you can find a lower mileage car for about 10K more with a perfect service history.

These cars are dropping in value by the minute. Not because they are no good anymore. It's the new M5 driving the price down and the market is being flooded with cars. The problem is the market for the E39 is very small. So good deals are coming as the prices keep falling.

Seems to me you know in your gut that this is not the right car. Go with your gut and find the right one.... I know I will.

Best,

Jordan
 

·
Registered
Joined
·
302 Posts
I forgot to mention, Welcome to the Board! You joined the right board. The amount of knowledge on this board is incredible, you will see.
 

·
Registered
Joined
·
400 Posts
Wait for something with better maintenance history, and some lesser miles on it.

At 31K its not that great a deal, considering you can be looking at a pretty big maintenance bill on its first trip to the dealer. For sure your lookin at about a grand at least for 4 new tires, thats just a start. All the fluid changes adds a few hundred more, yadda yadda yadda.

With winter coming, where you live, you have to remember these cars with summer tires really do suck on snow and ice. If you dont have a winter car, then you probably will need snowtire rims also. Something for a tire not quite so wide as the summer ones.

It just goes on and on.

Wait, your car is out there, and you will find each other. This is no time for haste.
 

·
Registered
Joined
·
12,398 Posts
Ditto.

I'd try to get into a 2001 given some of the 2000-2001 issues (Vanos, etc).

You could buy this car and be faced with big expenses (like over 5k) in short order- then the great deal at purchase isn't great.

Is this dealer a BMW dealer?? The problem you then have is they have a huge conflict of interest on any inspections. and $65 for an inspection buys you 30 minutes of time- not enough to do much.

I passed up an M where the car's inservice date was August and the first title was January... nobody would tell me what it was doing for those 5 months, plus no records of a 1200 mile oil change. But I'm picky.

Still, 70k miles and no service records is asking for trouble.

ard
 

·
Registered
Joined
·
13,638 Posts
Welcome to the board! :byebye:
 

·
Registered
Joined
·
26 Posts
Discussion Starter #8
Great board!

Thanks for the replies and welcomes.

It is sketchy, I know. I just can't afford a $40k car right now. I'll take the advice and wait for market value to fall and my pockets to get bigger.

Sigh.
Thanks again.

The waiting is the hardest part. Yeah-ah-yeah-ah-yeah.
 

·
Registered
Joined
·
2,395 Posts
Don't despair.... it's worth the wait. Honest.

noflash said:
Great board!

Thanks for the replies and welcomes.

It is sketchy, I know. I just can't afford a $40k car right now. I'll take the advice and wait for market value to fall and my pockets to get bigger.

Sigh.
Thanks again.

The waiting is the hardest part. Yeah-ah-yeah-ah-yeah.
 

·
Registered
Joined
·
150 Posts
jordantii said:
.

These cars are dropping in value by the minute. Not because they are no good anymore. It's the new M5 driving the price down and the market is being flooded with cars. The problem is the market for the E39 is very small. So good deals are coming as the prices keep falling.

Jordan
That's interesting. Up here in Canada the supply of E39 M5's has been dropping steadily as more information about the E60 became available. I'm only referring to new E39's or CPO cars at the dealers. It seems that many people wanting an M5 decided to get an E39 because: 1) The new V10 will be more expensive to insure, 2) The price, 3) Only available with SMG.

Of course, I have no empirical data on this, but before I finally found a new 03 at a dealer in the color/options I wanted, the number of listings on the BMW Canada vehicle locator was getting smaller and smaller all the time.

I guess that the supply may increase again once current M5 owners who order/get delivery on a new one trade them in or put them up for sale. Personally, I would never buy a used BMW except as a CPO from a dealer.
 

·
Registered
Joined
·
191 Posts
Noflash,
I agree with everyone who mentioned that the miles were too high. Also, it really seemed that the previous ower(s) did not take care of the car the way it should and so who knows the abuse this car could have gone through.
I agree that you should stay away from this car.
 

·
Banned
Joined
·
386 Posts
Welcome

If you can get me the Vin# I can run them at the dealer and get you the service and ownership info on the car (from the day it was built, to the last service).
That will give you a much better idea.
 

·
Registered
Joined
·
26 Posts
Discussion Starter #13
Update & Re: Advice for a used M5 please.

cali6869 said:
Welcome

If you can get me the Vin# I can run them at the dealer and get you the service and ownership info on the car (from the day it was built, to the last service).
That will give you a much better idea.
That sounds great, I'll call for it on Monday.

Also, my wife hadn't seen the car and we were driving by the other night so we stopped. The car was covered in dust and the Roundel on the hood had been jimmied off !! Man, does this car give off bad vibes or what?

Lastly, the cars price has dropped again to $29,500. I swear if they would take it to the local dealership and fix all these minor details, I would be seriously considering it! I paid $32,900 for my '99 328i over two years ago.

Final note: Omaha has an annual property tax for vehicles. It is based on year, make, and model -- not market value. Property tax on a 2000 M5 is $800/yr. ouich
 

·
Moderator
Joined
·
10,455 Posts
Wow that's cheap. See what comes up on the service history. I'm betting it's been thru a few owners, and the last one couldn't afford to keep it up. The brakes alone would cost over a grand at the dealer. If it's had a good history up until recently, it may be worth an inspection. Does sound like it's got some bad karma though... Makes me feel bad for the car :crying:
Mike
 

·
Registered
Joined
·
203 Posts
Wecome to the Board!


I would take my time and wait. Try to pickup something with full records so you know what has gone on. This 00 may look like a deal, but doing an engine job on it would negate all your savings that could have gotten you into a lower mileage 01 or something. I spent about 3 months shopping for mine, and drove a number of various model years. Enjoy the process.

//vic
 

·
Registered
Joined
·
439 Posts
if you decide on this project car, get the vin and also call your insurance agent and see if it ever had any paid outs, he can tell by running the vin.
they arent obligated to do it but if your cool with then they will.
and if you really want to buy it take it to the local bmw dealer and have them do a cpo inspection to see whats up with it.
i bet it needs

brakes
clutch/flywheel
vanos
mafs

all that ads up to over 5k for starters.!
 

·
Registered
Joined
·
517 Posts
noflash said:
Great board!...The waiting is the hardest part. Yeah-ah-yeah-ah-yeah It is sketchy, I know. I just can't afford a $40k car right now...
Welcome to the board.

Be careful. Do your homework. I would not recomend buying a worn-out exotic. These cars are high maintenance by nature, and if you purchase a car that has been dogged, your costs could skyrocket. There was one fellow on this board who paid $39K for a 2000 M5, but didn't do his homework. He didn't check the Vanos, the A/C controller, Cam sensors, etc. Shortly after his purchase, multiple issues arose at the same time. His repair bill was somewhere in the $7K range.

If you can't see all the documentation from the initial service date, stay away. If you can't find out who the owner was and how he cared for the car, stay away. If the price seems too cheap, stay away.



Just my 0.02 worth. Good Luck.
 

·
Registered
Joined
·
26 Posts
Discussion Starter #19
Okay, Okay!! I have had enough warning signs. Even if I bought it and it ran flawlessly for years. I would just be a worried wreck driving it waiting for the engine to fall out.

I will wait. Thanks all for steering me away.

...again. Sigh.

Luckily, I have my 328i to console me.

Hmmm... How much just for the M5 engine? Kidding!

Thanks again.
 

·
Registered
Joined
·
1,346 Posts
There is just something that aint right if a M5 E39 has not been serviced good...

Why on earth would you not serve your baby? I mean not going by the service booklet is suspicious, I myself change my oil between the normal oilchanges, and just to remember I make my own little signature in my service book, along the normal BMW stamps.

Three different tyres? -Was the previous owner a scrapyard diver?

To me it's evident that the previous owner did not have the money/will to service this car properly, and I would say that the money you will save in buying a "cheaper" M5 you might loose many times over when the engine makes it's missed service statement. And expect no good-will from BMW since your service booklet aint complete.
 
1 - 20 of 21 Posts
Top