Hello Simbad,
I'll give you my opinion on your questions, but I am not an expert - and I'm sure others will also reply.
First of all, it seems like your budget is very low for an E-39 M5. But perhaps if you look, you will find the right car at the right price.
You do NOT have to have your car serviced at a BMW Dealership. However, the M5 is a very complicated car and independant service shops MAY not have the knowledge to service it properly. I have a trusted BMW shop that I probably will let do the service after the warranty expires on mine. I wouldn't even think of letting a "general" mechanic with no BMW specific training to touch my M.:nono:
As far as ongoing maintenance costs, other members will have to give you input on that. Most of our cars are still under original or extended warranty. But if something breaks, expect it to be EXPENSIVE!:crying:
Good Luck!
I'll give you my opinion on your questions, but I am not an expert - and I'm sure others will also reply.
First of all, it seems like your budget is very low for an E-39 M5. But perhaps if you look, you will find the right car at the right price.
You do NOT have to have your car serviced at a BMW Dealership. However, the M5 is a very complicated car and independant service shops MAY not have the knowledge to service it properly. I have a trusted BMW shop that I probably will let do the service after the warranty expires on mine. I wouldn't even think of letting a "general" mechanic with no BMW specific training to touch my M.:nono:
As far as ongoing maintenance costs, other members will have to give you input on that. Most of our cars are still under original or extended warranty. But if something breaks, expect it to be EXPENSIVE!:crying:
Good Luck!