I have become an avid reader of this messageboard. Everybody is so passionate about their E34 M5s. I love that. To the point that when I want to take a break at work, I go to this messageboard to read the new threads.
Every once in a while a newcomer comes to this website to get tips on how to buy an M5 in good condition. However, I have never heard of anybody in this website that has bought one with less than 100k kms. Simply put, there are no M5s in near-new condition in Europe. US? Even worse.
If anyone of you guys are crazy about getting a near-new or practically brand-new e34 M5, FORGET Europe and the US. You might laugh at what I am about to write but here it goes: Try Brazil. I have been looking for an e34 M5 for 2-3 months. I looked at 4 of them which happen to be for sale here (I am Brazilian). The first one I saw is in an authorized BMW dealer, a 1994 Shadowline with 100,000kms. All inspections were done at an authorized BMW mechanic. Still, I thought it was way too much mileage for the car (how naive of me). Plus, the leather was a little too worn out for my comfort.
The second one I found was another 1995 Shadowline. This one belongs to a wealthy man that lives in the suburbs of Sao Paulo. It is in mint condition and has 48,000kms (notice that all my figures are in KILOMETERS!!!). However, he wanted too much money for it: R$77,000 (Brazilian currency), which when divided by 5, will give you 15,400 Pounds Sterling. You wouldn't find a car like this in Britain for less than 25,000 Pounds Sterling.
The third one I found was located in a used car dealership which specializes in German brands. I ALMOST bought this one. It was a 1995 Shadowline (I then found out that all e34 M5s that came to Brazil were Shadowline) with 56,000kms. The dealer wanted R$60,000 for it, I offered R$56,000 cash up front (that's 11,200 Pounds Sterling). He said he would close on that price.
However, right after waking up on a Sunday and grabbing the newspaper, I saw another one for sale which (I later found out) used to belong to the president of the BMW Club of Brazil. This one has 34,000 kilometers. Let me repeat that, 34,000 kilometers. Wait, let me write this yet again, 3 4 , 0 0 0 K-I-L-O-M-E-T-E-R-S
I payed R$64,000 (12,800 Pounds Sterling)
IT IS NOW MINE. Pictures will be up very soon, so that all of you may drool at will.
Now, I know what you are all thinking: "They all messed with the odometer, moron!!!" Nope. What happens is that European vehicles that came to Brazil back in 1995 were sold for twice their price in Europe. SO M5s here were extremely expensive. Therefore, only extremely wealthy people bought this car. Moreover, Brazilian affluent people treat their cars extremely well and only drive their beasts on the weekend because their cars would draw too much attention to them and also because they were afraid of having it stolen. So, these cars were not used as daily commuters. Now that they want to buy their e39 M5s and 745is, they are giving their e34 M5s as part of the payment. So, a lot of mint condition e34 M5s are appearing in Brazilian websites and newspapers for sale.
The prices are very low now because in 1999, the Brazilian currency devalued tremendously in relation to the dollar. Therefore, their price is extremely low when you convert it into Pounds Sterling. Also, by looking at the engines and interiors of these cars, you will surely agree that their mileages are original. Plus, when I was 18, I used to work for an Audi dealership here in Brazil. So I know what a low mileage car is suppose to look like.
If anyone of you are interested in going nuts and taking a trip to Brazil and perhaps shipping one of these to Europe, write to me and I will gladly send you the internet adresses of the stores with pictures of these cars. However, I am afraid that not all of them are posted on the internet.
Please let me write this one more time:
I BOUGHT AN E34 M5 SHADOWLINE WITH ONLY 34,000 KILOMETERS. NOW TELL ME, WHO'S YOUR