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I am torn between an E39 and an E60. First off I am going to the BMW dealer today to test drive a 2006 to see how I like it. I have driven and been looking hard for a 2002 0r 2003 E39 and from what I am finding looks like I can find with 70K miles of so for about $22K. I am very close to buying a nice one and just a bit reluctant at the present time as I want to make the right choice. I found a few super with very low miles and in excellent shape but they where over $30K and there was no way I would pay that as the next generation E60 was not much more money.
First off I can pay cash for the E39 so that is a big plus. If I buy an E60 will have to finance some of the car but not too much. I have been looking at prices and think I could get a 2006 for mid to high 30's and a 2007 for low $40's. I did find a 2006 with 44k miles with a Fidelity warranty through 2013 for $36K asking price. It seems most of the 2006's I find do not have any sort of warranty and if I buy that would be mandatory. I did find out from some research and a phone call to Fidelity that they no longer are offering warranties for the M5's as they have been loosing money on them.
Really torn. My first thought is that if I get the E39 and keep it in good shape and decide to go with an E60 in a year or two that the E39 will hold value well and that the e60 is still depreciating so I can't go wrong with getting the E39 now?
Decisions Decisions!!!
Will see how I like the E60. By the way it will take me a while to find one that already has a warranty if I pass on the one locally I mentioned that had the Fidelity warranty.
First off I can pay cash for the E39 so that is a big plus. If I buy an E60 will have to finance some of the car but not too much. I have been looking at prices and think I could get a 2006 for mid to high 30's and a 2007 for low $40's. I did find a 2006 with 44k miles with a Fidelity warranty through 2013 for $36K asking price. It seems most of the 2006's I find do not have any sort of warranty and if I buy that would be mandatory. I did find out from some research and a phone call to Fidelity that they no longer are offering warranties for the M5's as they have been loosing money on them.
Really torn. My first thought is that if I get the E39 and keep it in good shape and decide to go with an E60 in a year or two that the E39 will hold value well and that the e60 is still depreciating so I can't go wrong with getting the E39 now?
Decisions Decisions!!!
Will see how I like the E60. By the way it will take me a while to find one that already has a warranty if I pass on the one locally I mentioned that had the Fidelity warranty.