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How's it going guys!
I just wanted to type up a post introducing myself and my new to me 2002 M5 I picked up this month as a birthday gift to myself!
I used to own a 2000 Carbon Black, Full Caramel Leather M5 that I bought a few years ago and instantly confirmed that it the best car on earth.

I fell in love with these cars when my older brother showed me the commercial of the e39 M5 and a land speed car around 15 years ago on streetfire.net after installing an AOL free trial disk haha.
I was blown away by the ad and told myself someday I'd get one.
Here's a link in case you haven't seen it https://youtu.be/GMh2Kr2Lb20

So in 2015 it happened! 104K miles and in incredible condition, for only $11,995.
I had to replace the clutch within a couple weeks but it was okay. I had a real M5. Now that I think of it, it was just like the one from the commercial! "Black" with the early lights!

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One day I was power washing the car and the Shadow Chrome coating started flying off the wheels revealing a perfect powder coat of Gloss black. That led to changing the headlights lenses for smoked corner versions, smoking out the side marker lights & top portion of the taillights, replacing the grills and painting the outer bezel Gloss black.

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The car was my daily driver that I'd easily put anywhere between 300-400 miles a week on it. Midway through 2016 I opened up a small bodyshop and ended up being in desperate need of a pickup truck to carry parts and material and traded in the car for $7000, in exchange for brand new crew cab Silverado 1500. I know, I know... who in the right mind would do such a thing?!

<a data-flickr-embed="true" href="https://www.flickr.com/photos/[email protected]/43939015534/in/dateposted-public/" title="e39 trade in for Silverado"><img src="https://farm2.staticflickr.com/1891/43939015534_0d1f51118e_c.jpg" width="800" height="600" alt="e39 trade in for Silverado"></a><script async src="//embedr.flickr.com/assets/client-code.js" charset="utf-8"></script>

Well the M5 was my daily driver and I reached a point where I needed to decide on getting rid of it or repairing whatever was causing the car to consume a liter of oil per week. Maybe it had something to do with me neglecting a heavy valve cover gasket leak and stupidly driving it on low oil for about a month before fixing...

I needed reliable transportation, a place to carry all sorts of car parts and panels, and always kind of wanted a new truck. So instead of performing a rebuild, I told myself it kind of broke at the right time and I let it go.
What's funny is a buddy of mine that has a used car lot saw it run through a local auction and almost bought it completely unaware that it was my old car but let it go for a $100 bid difference.
When I told him what as going on he was glad he let it go.

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I did see the car pop up on craigslist a few days later for around $12,000 & it sold within a day or so. Maybe something extremely unordinary was going on and oil was magically disappearing and the engine was fine... but if it wasn't... I feel sorry for the guy that ended up with it afterwards if they paid the $12,000 asking price. Having bought and sold cars since high school I'm sure I could have easily listed and sold it quickly, but I just couldn't bring myself to try to get more money out if it knowing that it wasn't mechanically sound so I just let it go and never even thought of it again.

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Yeah right! I missed the car so much. I probably thought about it at least once a week. I got an incredible opportunity at a new job that I ended up closed my shop in exchange for. But now my commute turned into going straight on one highway for 30 miles each way in a boring automatic 100% factory truck.

So a couple years pass by, I get married, buy a house, play with other project cars, etc. and my itch for the M5 flares up again...

I saw a post on this forum recently where someone was saying something about "Once you've owned an e39 M5 you never stop wanting one, you just wait for the next deal. Something along those lines. (If someone here knows the quote can you refresh my memory?) And I have never heard anything farther from the truth.

The entire time I owned my Carbon black m5 I could only think of one thing I would have preferred to be different. For it to be RED.

A red e39 M5 with Complete Caramel Leather would be the car I keep in my garage FOREVER.
(or a 993 Carrera S but the way those things are inflating it probably won't happen this lifetime).

For the past year I kept a lookout for 1 of the 505 US Imola Red e39 M5s to pop up for sale with Caramel leather, around 100K miles, and a Clean carafax for a fair price. Every time I'd finally find one, it'd have black/red leather.
Eventually, (after expanding my search to the rest of the country) I came across a "2002 Hellrot M5" and though... pfft, hellrot M5? maybe this seller doesn't know the e39 M5s only came in Imola or someone was super picky and had the thing resprayed at some point (potentially hiding who knows what underneath) But it turned out that I was clearly mistaken.

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The car was a true, one of 4 DE93 BMW Individual M5s originally manufactured in 438 "Japan Rot (Electric red) Fueller Hellrot"
(Which I'm still a little confused as to what color to actually call it but y'all get the point. it's not Imola red haha)

<a data-flickr-embed="true" href="https://www.flickr.com/photos/[email protected]/43748640145/in/dateposted-public/" title="DSC_3561"><img src="https://farm2.staticflickr.com/1888/43748640145_faa03172f0_c.jpg" width="800" height="516" alt="DSC_3561"></a><script async src="//embedr.flickr.com/assets/client-code.js" charset="utf-8"></script>

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WITH Full Caramel Leather.

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I bought the car and planned to buy a plate ticket to Detroit and drive it back. Until I found out the cheapest flights I could find were around 3-400. I also wanted to bring my wife to experience the road trip back home with me doubling the plane ticket cost, plus a potential hotel stay, fuel, etc... The expense was going to grow past the cost of a transporter bringing it to me, and what if something broke?!? So I ended up have the car delivered from Detroit to Dallas for $800.

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The scheduled date of arrival was Friday, August 31st, which was my birthday but unfortunately it didn't get here until Sunday. Regardless, I now have my car. My DREAM car. It's a feeling I hope everyone gets to experience at least once.

So now that I've had it for almost two weeks I've found a few things that need to be addressed and I've started buying a few parts here and there. The car had a fresh oil change before I bought it as well as Valve cover gaskets and other maintenance items serviced. Ceramic brake pads were also installed on new drilled/slotted rotors. New Michelin Pilot Super Sports and DGR Coilovers are also fitted. Now, the car is not perfect and will need a few things repaired but everything that needs repairing is within my skill set.

So far I've ordered a replacement driver's taillight, a Euro Caramel armrest to replace the (useless to me) US phone armrest and new OEM floor mats. The car has a JB Racing Lightened Flywheel and Southbend Clutch that I'm still trying to get used to but I'm about 70% sure I'm going to replace it with OEM parts. I just can't deal with the rattling at Idle. who knows, maybe I'll get over it once I put more miles on it, but I'll post it for sale on here if I make the switch.

I've spent more hours reading through forums and other's builds online than I'm probably proud of admitting But have never really contributed to a thread of my own. So I'm hoping to finally be a part of this digital documenting process that many others participate in and benefit from. Hopefully I can make it a habit to update this thread after each time I spend some time on the car.

Thanks for Reading! Hope to update soon!

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Congratulations, nice car, and welcome back!
 

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Welcome! One more beast in DFW.
Nice car.
 

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Incredible color combo. Congrats. I'm jealous. I'm not sure I'll ever let my e39 go.
 

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Congrats!
 

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What a great car to get "back in the saddle" with! Congrats and good luck to the future with the car.
 

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Congrats! I was eyeing that car on Craigslist. Happy to see it went to someone here. The color is Japanrot 438. I was confused as well why the sticker has both color codes. I’ve got a Japanrot over Imola. The other twin is supposed to be somewhere in Texas as a 2003 model.


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Dayum... that sucker is RED!!! Looks great!

Btw, if you were putting 400-500 mi/week on the '00 beast, your weekly oil consumption was normal... ;)

Dave
 

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yeah change the clutch and enjoy the way it was meant to be. Sounds of a rattling clutch is not how these cars were designed to be. Beautiful car and glad it went to someone who will care after it.
 

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Great story and glad you found your dream car! I've seen the chart that shows all the various color combos but don't even remember seeing this particular shade of red. 1 in 4, huh? Crazy.

I've done plenty of documenting on my cars but for some reason, restoring an E39 M5 is a lot more satisfying. It just "cleans up" nicely, whether it's the interior, wheels, or even the engine bay. Yours already looks pretty clean though.
 

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Congrats! Japan Rot is an uncommon color indeed, especially among M5's. I have an almost-as-rare 1 of 7 540it in Japan Rot. It's certainly no M5 but it's still a very unique car that I enjoy on a daily basis:

 

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Congrats. Beautiful car! For a minute I thought that was m5guru's old M5, but his was a 2003 and with the imola sport interior. Electric Red is a beautiful "real" red. Love the color - we've had an E90 in it since new, and it's never gotten old to look at.
 
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