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Discussion Starter #1
Greetings all!
After a couple of years happy motoring in a modified Golf VR6 (212bhp) I've decided it's time to upgrade & am considering an E34 M5.
I have a couple of questions if you would be so kind as to answer if possible, I live in Yorkshire, England & would like to know if it would be possible for me to get a good M5 for around £7000? I wont be looking to buy untill Januarry next year as that's when i go 24 & the insurance may come down a bit. (Not likely though!)
Secondly does anybody know of a M5 specialist in my area or would it be better to grt servicing & things done at the main dealer?
Any help apreciated.

Regards

Jamie.
 

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Jimmy the Hand said:
Greetings all!
After a couple of years happy motoring in a modified Golf VR6 (212bhp) I've decided it's time to upgrade & am considering an E34 M5.
I have a couple of questions if you would be so kind as to answer if possible, I live in Yorkshire, England & would like to know if it would be possible for me to get a good M5 for around £7000? I wont be looking to buy untill Januarry next year as that's when i go 24 & the insurance may come down a bit. (Not likely though!)
Secondly does anybody know of a M5 specialist in my area or would it be better to grt servicing & things done at the main dealer?
Any help apreciated.

Regards

Jamie.
Can't help you with the specialist garage, but welcome to the fold anyway!

I also came from the modified VW scene - although mine was a 230bhp/245lbft Corrado VR6 - some info of which is still on my website http://www.mmm-five.net/ under the 'My Old Corrado VR6' link unsurprisingly.

You'll miss the induction roar of the VR, but you'll soon get used to the straight-six-scream!
 

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Discussion Starter #3
Thanks for the welcome mate.:)
That was a nice corrado, I got all my mods done at AMD aswell.
I think i can do with the loss of the induction roar if it means having a 300bhp M5, just need to sell it.:grrrr:
 

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Jimmy the Hand said:
Thanks for the welcome mate.:)
That was a nice corrado, I got all my mods done at AMD aswell.
I think i can do with the loss of the induction roar if it means having a 300bhp M5, just need to sell it.:grrrr:
340bhp mate :hihi: mmmmmm kinggf
Welcome aboard mate...
 

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Welcome Jimmy :byebye:

340 bhp rear wheel drive and no traction control

:M5launch: :M5launch: :M5launch: :M5launch: :M5launch: :M5launch: :M5launch:
 

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Discussion Starter #6
Steve Mac said:
Welcome Jimmy :byebye:

340 bhp rear wheel drive and no traction control

:M5launch: :M5launch: :M5launch: :M5launch: :M5launch: :M5launch: :M5launch:
Cheers all!:7:
After a scary love affair with a camaro iroc-z (5.7) which nearly killed melovelove , i'm hoping the M5 is slightly more civilised!?!
340bhp sounds interesting & i definetly want a 3.8! :wroom:
 

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I've just bought my first M5 - a late '94 job with the big wheels/brakes and 6 speed box.

I'd been looking on and off for 2 years (!), but during that time have found that prices for the 3.8 vary generally between £7k and £12k.

The difference is pretty much down to mileage - and idiots thinking they can charge £10k plus for a K plate car.

Having said that, I think prices are holding pretty firm and I haven't seen a lot of downwards movement over the past 2 years.

I think you'll have to hunt around a bit with a £7k budget, but with a bit of luck you should get an early 3.8 with 100,000 - 120,000 miles on it.

Good luck!!
 

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Discussion Starter #8
£7k would be my starting budget, but the longer it takes to find one the more money i'll have.

What year did the 3.8 first come out & do the early ones still have the 6speed box?
 

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Jimmy the Hand said:
£7k would be my starting budget, but the longer it takes to find one the more money i'll have.

What year did the 3.8 first come out & do the early ones still have the 6speed box?
The earliest 6-speed 3.8s will be from 1994.

Mine was built July 1994, but registered September 1994 and is a 3.8 6-speed with the Nurburgring brakes/suspension.
 

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Mmm-Five said:
The earliest 6-speed 3.8s will be from 1994.

Mine was built July 1994, but registered September 1994 and is a 3.8 6-speed with the Nurburgring brakes/suspension.
What's the difference in performance between the 3.6 & 3.8, i know the 3.6 came with a 5 speed box but what is the difference in power/torque?
may aswell keep my options open & have a look at the 3.6's out there too.
 

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Jimmy the Hand said:
What's the difference in performance between the 3.6 & 3.8, i know the 3.6 came with a 5 speed box but what is the difference in power/torque?
may aswell keep my options open & have a look at the 3.6's out there too.
The 3.6 was 315bhp 7 260lb/ft compared to the 340bhp & 295lb/ft of the 3.8.

The 3.8 is available in both 5-speed and 6-speed which makes no difference to acceleration as the 6th gear is purely for fuel economy.
 

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Jimmy the Hand said:
What's the difference in performance between the 3.6 & 3.8, i know the 3.6 came with a 5 speed box but what is the difference in power/torque?
may aswell keep my options open & have a look at the 3.6's out there too.
Welcome aboard Jimmy. 3.6 has 315 bhp and 3.8 has 340. That's 10% or so. 6 spd box great for long cruises but 6th is overdrive only and actually slower than 5th ( Go on start flaming! ) and weighs 70 kg more than the 5 spd.

£7 might get you a 3.8 but you would need to have a full history or deep pockets. I got mine ( 3.8 and 5 spd ) in 2002 from Munich Legends and the only things that have failed have been the warning bong and the high concentrate windscreen wash system. The heater isn't as hot as I think it should be so maybe that's next on the list.

Best of luck!

:cheers:

ralph (vadas1)
 

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Discussion Starter #13
vadas1 said:
£7 might get you a 3.8 but you would need to have a full history or deep pockets. I got mine ( 3.8 and 5 spd ) in 2002 from Munich Legends and the only things that have failed have been the warning bong and the high concentrate windscreen wash system. The heater isn't as hot as I think it should be so maybe that's next on the list.

Best of luck!

:cheers:

ralph (vadas1)
I'd only get one with full history, 3.8 5spd sounds good but the 25bhp difference between 3.6 & 3.8 isn't really that much so either would be a viable option.
Buying from a garage or private, what would everyone suggest? I'm researching the M5 now but still don't know a great deal about them & have had bad experiences with dealers in the past. :grrrr: Would it be better to buy from an enthusiast?
 

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Welcome to the board Jimmy :cheers:
 

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Welcome!

For insurance - try getting a classic policy - as early 3.8s will be coming up for 10 years old.

2 years ago, when I was 25, I got quoted £185 per year for an M6 :haha2:
 

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Jaguar said:
Welcome!

For insurance - try getting a classic policy - as early 3.8s will be coming up for 10 years old.

2 years ago, when I was 25, I got quoted £185 per year for an M6 :haha2:
Classic policy is not much use if you do up to 30,000 miles a year though - and I thought £1k (Liverpool Victoria) was good value as that included unlimited mileage, and class 1 business use!
 

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Discussion Starter #17
Jaguar said:
Welcome!

For insurance - try getting a classic policy - as early 3.8s will be coming up for 10 years old.

2 years ago, when I was 25, I got quoted £185 per year for an M6 :haha2:
That sounds like a good way round the crippling costs of insurance & as i'd do around 8000miles a year in it because it'd be my weekend car, a classic policy would be the way to go.
Would i be able to get a classic policy? I'll be 24 by the time i get one, or do as my dad suggests, register & insure under his name wiyh me as a named driver?
 

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Jimmy the Hand said:
That sounds like a good way round the crippling costs of insurance & as i'd do around 8000miles a year in it because it'd be my weekend car, a classic policy would be the way to go.
Would i be able to get a classic policy? I'll be 24 by the time i get one, or do as my dad suggests, register & insure under his name wiyh me as a named driver?
If you do insure it via your dad's policy then make sure you are not only a named driver, but also the main driver - otherwise the insurer will see it as you trying to wriggle out of paying the correct premium for the correct risk!

Also you will not accrue any NCB on your own policy - because you don't have one!

Classic policies are usually only worth it if you can do less than 5k miles a year, which is only 50 miles a day at weekends.
 

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Discussion Starter #19
Mmm-Five said:
If you do insure it via your dad's policy then make sure you are not only a named driver, but also the main driver - otherwise the insurer will see it as you trying to wriggle out of paying the correct premium for the correct risk!

Also you will not accrue any NCB on your own policy - because you don't have one!

Classic policies are usually only worth it if you can do less than 5k miles a year, which is only 50 miles a day at weekends.
I'll be getting a works van which will be insured through me with the company paying for it, so that'll take care of my no claims.
All the boy racers in their subarishi's seem to get away with being on someone else's policy, i suppose it'll come down to cost vs risk. We got quoted £1900 for my dad with me as a named driver, haven't got a quote for myself yet but i expect it to be substantially higher!:crying:
 

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All I can suggest is that you ring as many companies as you can - I regularly phone over 30 to get the best deal. Even if my renewal quote is the best on offer, I still call them up to negotiate the odd £50 off!
 
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