BMW M5 Forum and M6 Forums banner

1 - 12 of 12 Posts

·
Registered
Joined
·
362 Posts
Discussion Starter #1
OK, here is the beginning of a log of E60 M5's which have been purchased from Carmax. Let's head buying experiences, post purchase thoughts, how well you enjoy the CNA warranty (if you purchased it) and what repairs you have had since purchasing the car from Carmax.

I'll start.

2006 M5 purchased with 44K miles on it. Purchase price was $37 and change and the CNA warranty took me for $2100.

My buying experience was not the best, the sales guy was pushy as hell. I have purchased several vehicles from CM over the years and have never dealt with a pushy sales guy.

Post purchase I was in heaven, until I began monitoring my fuel consumption. Yeah, M5 shock. I then noticed that my tires were nto looking great. Had the wife check the date codes and voila! CM buys me a new set of Michelins.

I LOVE my CNA warranty. I have had in the neighborhood of $25K in repairs on the car since purchase in May 12.

New clutch, flywheel, throwout bearing, SMG pump, all associated expenses. There was more on this one but cannot remember.
New AC blower motor.
New seat motors.
New alternator.
New PS pump.
Tons of smalls, ashtray repair etc.
Again, there is more I cannot think of atm.

I love the car, when it is running with no issues (most of the time) its a great car! It eats gas like nothing else but it does so with such purpose!

So, lets hear what your experiences have been.

-PRKellycherrsagai
 
  • Like
Reactions: DocsV10

·
Registered
Joined
·
250 Posts
That warranty sounds like it was worth every penny and then some. I am curious if you know your car's history (e.g. how many previous owners, state(s) where car lived, anything significant from CARFAX/similar if pulled)?

These beasts love fuel, but like you said - it's definitively worth it. <?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com<img src=" /><o:p></o:p>
<o:p></o:p>
Thanks in advance.<o:p></o:p>
<o:p></o:p>
Cheers,<o:p></o:p>
 

·
Registered
Joined
·
251 Posts
You purchased the vehicle in May of 2014 and have already amassed almost $30k in warranty repairs? Impressive!

Though I'm a little shocked that you paid $37k for a 2006 in 2014 with 44k on it.
 

·
Registered
Joined
·
690 Posts
Here's my CarMax story:

  • Vehicle info: 2006 E60 M5 Interlagos Blue
  • Original mileage: 50,700 miles
  • Date of purchase: 10/07/2013
  • Previous owner: 1
  • Carfax/vehicle history: clean
  • Purchase price: $37,500 (out the door, including extended warranty)
  • Warranty: $2,000 (100,000 miles/6 years)
  • Service history: starter replaced at 33,000 miles
  • Current mileage: 54,700 miles
Overall, couldn't be happier with this purchase and my experience at CarMax. Although, the selling price of the car may seem a bit higher compared to other dealers, it's definitely a premium you pay when buying from CarMax (and I'm okay with that :M5thumbs:).



Since purchasing the car, I've replaced the spark plugs and changed the engine oil (in addition to adding a variety of mods; see signature :1:). I'll be doing the fluid service (e.g., transmission, differential, brake, coolant, power steering, and SMG hydraulic fluid) soon.



Thankfully, I haven't had any issues with the car and have not had to use the warranty. However, it's definitely a sense of security and reassurance knowing that I have an excellent warranty plan when the day comes to use it.
 

Attachments

·
Registered
Joined
·
689 Posts
They certainly do charge a huge premium at CarMax. I purchased my fully loaded '06 last June with 33k miles and 5 yr/60k (based on miles and date of my purchase) exclusionary warranty for $2600 less at a BMW dealer.

At least it appears that the CarMax warranties pay their claims, which is good news. I haven't needed my warranty yet, but have heard good things about the claims process.

Love your color! :M5thumbs:
 

·
Registered
Joined
·
251 Posts
They certainly do charge a huge premium at CarMax. I purchased my fully loaded '06 last June with 33k miles and 5 yr/60k (based on miles and date of my purchase) exclusionary warranty for $2600 less at a BMW dealer.

At least it appears that the CarMax warranties pay their claims, which is good news. I haven't needed my warranty yet, but have heard good things about the claims process.

Love your color! :M5thumbs:
I got mine end of 2010 with 28k miles for the same price as OP at a BMW dealership. Checked out about a dozen different M5's before settling on this one because of the price and condition. Did ZERO research on warranty (so dumb) and ended up paying the dealer $4500 for a 4 year, 48k mile NAC warranty. Warranty has payed out $4300 of repairs over two trips. I will make one last trip there to fix a lot of little things before the warranty expires this year.

Before I purchased mine, I had my eyes on a maroon colored 06' M5 at CarMax. Price: $42k, Mileage: 38k, Condition: lot of road rash on the front bumper, seats looked like that had been out in the sun too long. Cracked and ugly. Glad I didn't go with that one.

He says he bought the car in May 2012.
Ahh, I read that as May 12th.



Here's my CarMax story:

  • Vehicle info: 2006 E60 M5 Interlagos Blue
  • Original mileage: 50,700 miles
  • Date of purchase: 10/07/2013
  • Previous owner: 1
  • Carfax/vehicle history: clean
  • Purchase price: $37,500 (out the door, including extended warranty)
  • Warranty: $2,000 (100,000 miles/6 years)
  • Service history: starter replaced at 33,000 miles
  • Current mileage: 54,700 miles
Overall, couldn't be happier with this purchase and my experience at CarMax. Although, the selling price of the car may seem a bit higher compared to other dealers, it's definitely a premium you pay when buying from CarMax (and I'm okay with that :M5thumbs:).



Since purchasing the car, I've replaced the spark plugs and changed the engine oil (in addition to adding a variety of mods; see signature :1:). I'll be doing the fluid service (e.g., transmission, differential, brake, coolant, power steering, and SMG hydraulic fluid) soon.



Thankfully, I haven't had any issues with the car and have not had to use the warranty. However, it's definitely a sense of security and reassurance knowing that I have an excellent warranty plan when the day comes to use it.
Wow, just 4,000 miles and that much warranty work done!
 

·
Registered
Joined
·
690 Posts
Wow, just 4,000 miles and that much warranty work done!
Huh? I think you misread my post!

I've had NO warranty work done during the course of my ownership thus far lol..
 

·
Registered
Joined
·
1,624 Posts
One thing to keep in mind, at least with my Carmax car. These were the things that were done to it prior to pickup.

All 10 spark plugs changed
Fresh oil
Front and rear discs/pads
New tires on rear

Yep, I paid a premium, but the car also had about 4-5k worth of recent maintenance.
 

·
Registered
Joined
·
362 Posts
Discussion Starter #11
Shoot, I didn't read your post in full and I confused your post with the OP's. Sorry!
Yeah man, my car has had TONS of work! I am just waiting for the engine to grenade at this point. Its running great right now, due for an oil change and new plugs but that's it. Gonna have the dealer do the oil and Ill do the plugs.

Best of luck!

-PRKelly
 
1 - 12 of 12 Posts
Top