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E.g., maintenance costs, rear tire wear, keeping it under 100mph, etc.

Can you perform your own maintenance easily? I just learned how to change my E46s brake pads and rotors and I will learn oil changes next. Hopefully, I'll be able to work on an M5 with similar ease.

With M5 prices droping below $40k what are the unexpected costs?

(I am also trying to make myself feel better about waiting awhile to purchase one!)

Thanks.
 

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i'll tell you. i've owned the M5 for one month now.

My wife and I carpooled together earlier this week in the M5, but the other day she had to drive her SUV. got into work and called me to say "my car is so weak, i hate it now".

I just called the insurance company and told them I intend to drive the car more than anticipated. I have 4 other cars which sit around now.

I drove one of my other cars last night since it was being neglected. I felt like it was an obligation.

I told my wife before we bought the M5 she could take it to work since it is only 5 miles away. I don't know about that anymore. I love my 20 mile commute now.

another drawback is that the heated seats put my wife to sleep. she gets into work relaxed and sleepy, and doesn't want to cook when she comes home.

James
 

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Negatives:

Avoiding speeding tickets :)

Take it from a two generation M5 owner. Without a warranty, parts and maintenance will be very expensive.

After 4 years and 45k miles no major issues.

If I were you, I would pay the extra $ for a CPO car.


Positives:

The driving experience. :byee55amg
 

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noflash said:
With M5 prices droping below $40k what are the unexpected costs?
There's expected costs and unexpected costs.

Expected costs are fuel consumption, tire consumption, and you ought to throw in a budget for maintenance and little-stuff-breakage like the front spoiler undertray, etc.

Unexpected costs...well, a lot of trim, body, etc. stuff is surprisingly cheap but if you had to get into powertrain internals or some of the electronics it'd hurt pretty bad.
 

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If the engine or any part of it goes out your screwed. Example the whole engine is 20k.
 

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Plain and simple...Everything is just more expensive. Chips, oil, filters, brakes, clutches, short shifters, tires, whatever. It's all just more expensive because it's more exclusive. Afterall, we are in the big leagues.
 

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noflash said:
E.g., maintenance costs, rear tire wear, keeping it under 100mph, etc.

Can you perform your own maintenance easily? I just learned how to change my E46s brake pads and rotors and I will learn oil changes next. Hopefully, I'll be able to work on an M5 with similar ease.

With M5 prices droping below $40k what are the unexpected costs?

(I am also trying to make myself feel better about waiting awhile to purchase one!)

Thanks.
Noflash;

One of the joys about owning a BMW (I've had 3) is that the basic maintainence items are usually quite easy to perform. An exorbinant amount of thought went into repairability along with the basic design of the car.

Oil changes, tranny fluid changes, brake fluid bleeds, rear diff fluid changes, spark plug replacement, bulb changes, can all be done quickly and easily. The M5 is no exception to this attention to detail that goes into every BMW. (Well the clutch on the M5 is another story...)

I have a '95 525i with 188K miles on it. By basic maintainence and attention to the car's behaviour, I've had to have it towed once in 10 years. I do all my work on this car. Everything. Heck, I just repacked the CV joint bearings; 12 bolts and the output shaft is removed.

If I had a lift, I would install all my upcoming mods myself on the M5.

Basic maintainence==easy. Every basic maintainence item is covered on this board, plus alot of fixes to avoid the dealership. Oil changes, MAF cleaning, CPS replacement, even lessons on shifting can be found here.

The worst thing about owning the M5 in my mind is the consideration needed when parking it, and NOT using valet services. Oh, and the cup holders suck big time.
 

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jjc1843 said:
Noflash;


The worst thing about owning the M5 in my mind is the consideration needed when parking it, and NOT using valet services. Oh, and the cup holders suck big time.
Ditto on the parking comment. It's kind of hard to casually park at the far end of parking lots, miles away from where you're walking to, without passengers noticing & thinking you're a pretentious SOB. Most understand, though; those that don't can walk next trip!
 

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The biggest drawback is drooling over the mods and not being able to afford them because they are so **** expensive! And when driving in the highway every other car seems to be driving at a snail like pace:grrrrr: Then there is the gas bill and tire expenses.
The bright side is that you feel like a million buck everytime I drive it:thumbsup:
 

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The worst part is the potential for high long term costs if there is no warranty (CPO or otherwise). The motor is reliable but certain systems, sensors, and electronics may need attention every now & again. The rest of the cars electronics also may have more issues than your average car. Then again your average car doesn't have Nav, folding mirrors, DSP stereo, etc. You do need to expect higher than normal costs for wear & tear items (tires, brakes, oil, and clutch depending on how its driven). If you do everything yourself, normal maint would be no more difficult than most cars but don't expect to tinker with it like old fashioned V-8s or do your own engine repairs.

Also, once the mod bug bites, it's hard to stop, especially if you want to track the car and enjoy what it can really do.

The best part is the fact that it does everything so well and the smile everytime you drive it and get a chance to run it a bit.
 

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Not being able to wipe the big freaking smile off your face after you get out of it...

After one month of ownership I can easily say that this is the best car I have ever owned, bar none.

Regards.
 

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Car jealousy...

My wife has a Mercedes SUV and when I was driving my 530 5-speed I let her have it once a week. Now that I am driving the M5, that one day a week is too painful! I wonder about the safety of the front spoiler, the rims, etc...

Hopefully I will outgrow this, I've only had my car for a few weeks, and I do love my wife...she actually encouraged me to buy the M5 because she knew how much I wanted it. Then, she went with me to TN to get it (kids safely with grandparents, etc.) and helped drive the 1800 miles back - I feel like one of the most fortunate guys on earth!!
 

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blue max said:
Negatives:


Take it from a two generation M5 owner. Without a warranty, parts and maintenance will be very expensive.

If I were you, I would pay the extra $ for a CPO car.
But the insurance companies aren't losing money on warranties. They probably make a return of nearly 50% on the price of the warranty, thus if the avg warranty costs $3000, then the insurance company must have calculated based on experience that the avg buyer will probably face $1500 in waranteed repair costs over the life of the warranty.

There is also a peace of mind factor, but it's not like we're talking about potential catastrophic costs here, as in the case of health insurance. The worst-case scenario will never exceed the price of the car, and so the downside risk is capped.

I'm just wondering whether peace of mind is worth the bad investment that one makes buying the warranty.
 

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Jaeger,
i dont know about that. some guys may use more than $3000, some none at all. with the money the insurance companies get up front, maybe they're using it for investment like banks do and make some money there. i think it is more like the casino where each player is hit or miss on winning, but in the long run, averaged over all the players, the casino will be on top. i wouldn't call buying a warranty a bad investment. i know if i am buying a used e39 M5 in 2008, i would surely pick one that had a warranty that goes till 2010 like mine. helps with some of the used car buying risks i think. resell and peace of mind, combined with a few covered services and i think it is a good deal.
 

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Drawbacks:

1) I go over 100 at least 3 times per week, my Toyotal LandCruiser won't go 100.

2) I want to drive it ALL THE TIME

3) Automatic Climate Control - NOT

GREAT THREAD!
 
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