Market Feel: Value of 2001 E39 M5 70Kmi - BMW M5 Forum and M6 Forums
E39 M5 and E52 Z8 Discussion 1998-2003 Advertiser's Forum

 20Likes
Reply
 
LinkBack Thread Tools Rate Thread Display Modes
post #1 of 43 Old 21st March 2017, 09:12 PM Thread Starter
Landscraper
Member, Sport: On DSC: On (>100 posts)
 
Landscraper's Avatar
 
Join Date: Jan 2017
Location: Seattle
Posts: 152
Thanks: 13
Thanked 10 Times in 11 Posts
Market Feel: Value of 2001 E39 M5 70Kmi

I've been eyeing a local car and want to make an offer but am having a tough time getting a handle of the market value. I figured it was time to ask the experts.

Seller is asking $25K.

I know condition is king, but for all intents and purposes lets assume a well maintained Titanium 2001 e39 M5 @ 70,000mi with a stack of receipts and an expected level of patina for the vintage. It's been dealer maintained, but little in the way of preventative maintenance, so I would expect to take care of a few things - PPI is forthcoming but will not be used to bargain.

What do you guys/gals think?
Landscraper is offline  
The Following User Says Thank You to Landscraper For This Useful Post:
Sponsored Links
Advertisement
 
post #2 of 43 Old 21st March 2017, 09:14 PM
RockChalkKU
Member, Sport: On DSC: On (>100 posts)
 
RockChalkKU's Avatar
 
Join Date: Dec 2012
Location: New Mexico
Posts: 173
Thanks: 0
Thanked 1 Time in 1 Post
Quote:
Originally Posted by Landscraper View Post
I've been eyeing a local car and want to make an offer but am having a tough time getting a handle of the market value. I figured it was time to ask the experts.

Seller is asking $25K.

I know condition is king, but for all intents and purposes lets assume a well maintained Titanium 2001 e39 M5 @ 70,000mi with a stack of receipts and an expected level of patina for the vintage. It's been dealer maintained, but little in the way of preventative maintenance, so I would expect to take care of a few things - PPI is forthcoming but will not be used to bargain.

What do you guys/gals think?

I personally wouldn't spend much over 20k for it. Unless that preventative maintenance has been done. It is an old car so if it sat around who knows what may have dry rotted or whatnot. Be cautious and get a good PPI. Good luck
RockChalkKU is offline  
post #3 of 43 Old 21st March 2017, 09:31 PM
jbla
Member, Sport: On DSC: On (>100 posts)
 
Join Date: Aug 2016
Location: Los Angeles
Posts: 119
Thanks: 6
Thanked 15 Times in 15 Posts
Quote:
Originally Posted by Landscraper View Post
I've been eyeing a local car and want to make an offer but am having a tough time getting a handle of the market value. I figured it was time to ask the experts.



Seller is asking $25K.



I know condition is king, but for all intents and purposes lets assume a well maintained Titanium 2001 e39 M5 @ 70,000mi with a stack of receipts and an expected level of patina for the vintage. It's been dealer maintained, but little in the way of preventative maintenance, so I would expect to take care of a few things - PPI is forthcoming but will not be used to bargain.



What do you guys/gals think?


That's not that far from market. I would say 21-23 depending heavily on PPI results
jbla is offline  
 
post #4 of 43 Old 21st March 2017, 09:42 PM
KevinM
M5 Expert (>4000)
 
KevinM's Avatar
 
Join Date: Sep 2004
Location: Tucson, AZ
Posts: 4,024
Thanks: 733
Thanked 477 Times in 409 Posts
Garage
Depending on the condition, that price is close to market. Perhaps plan on $25K with all the needed preventive maintenance and any needed repairs done.

GL

Kevin

2016 F80 M3, Mineral Grey/Golden Brown/6MT - ED delivery 6/3/2016 http://f80.bimmerpost.com/forums/sho....php?t=1291837
2002 M5, Sterling Gray/Caramel
2007 Z4M Coupe Silver Gray/Black
1999 Mercedes ML320 (hauler...)
Too many kids' cars...
KevinM is offline  
post #5 of 43 Old 21st March 2017, 09:43 PM Thread Starter
Landscraper
Member, Sport: On DSC: On (>100 posts)
 
Landscraper's Avatar
 
Join Date: Jan 2017
Location: Seattle
Posts: 152
Thanks: 13
Thanked 10 Times in 11 Posts
Thanks for the feedback. Sounds like it might be on the high-end?

To shed a bit more light, the car does get driven fairly regularly, the owner just has a deep stable.



PS @RockChalkKU : i'm pulling for your J-hawks
Landscraper is offline  
post #6 of 43 Old 21st March 2017, 10:11 PM
gsfent
M5 Expert (>4000)
 
gsfent's Avatar
 
Join Date: Feb 2001
Location: west palm beach. fl.
Posts: 12,746
Thanks: 2,306
Thanked 1,619 Times in 1,227 Posts
Quote:
Originally Posted by Landscraper View Post
Thanks for the feedback. Sounds like it might be on the high-end?

To shed a bit more light, the car does get driven fairly regularly, the owner just has a deep stable.


The real purchase price is the acquisition cost plus the repairs and maintenance (usually some deferred as people don't maintain a car when they are getting ready to sell) over the next 3-6 months. So if a car is at the "high end" but has lots of maintenance done, it may be cheaper in the long run.

Also consider color and options. If it has everything you want (and many people are particular), then it is worth a little more to you.

EAG gets top dollar for their cars, but they go through and do all the maintenance. Recognzing these are just asking prices, but with most of the maintenance done, here are few examples for comparison:

Pre-Owned E39 M5 for sale

Happy hunting!

Regards,
Jerry

'01 Black/caramel
Dinan Stage 3 suspension, SS jet coated headers, ESS SC kit w/ 1 range colder NGK's, 92mm pulley, 440 Big Greens, TTFS alpha N tune for meth, RK plenum plates, SBC Endurance Stage 3 Kevlar performance clutch setup, "Jed" lightened DMFW, open brake ducts, TEC cupholder, U.S.(Euro style) tilt/slide armrest, 6k HID fogs, Umnitza bi-xenon flamethrowers w/6k super white low beams, rear fogs, V1/Stealth1, dual head LI, 2.65 diff w/40% lockup/2x dynamic, compact spare, M5 logo trunk carpet, Euro trailer hitch, Mocal oil cooler, ACS type rear spoiler, Rogue custom SSK and tranny mounts, ST 355 BBK (fronts), BP sway bar brackets, Bluetooth retrofit, Speedhut boost gauge (20 psi), Dinan TB's and VS, KB BAP, Howerton/HFS-3 Aquamist WI trunk setup (50/50), with 2nd gauge in rear view mirror, aftermarket trunk mounted sound system integrated into stock unit (amps, crossovers, sub and speakers).......
gsfent is online now  
post #7 of 43 Old 21st March 2017, 10:27 PM
gregcagle
Member, Sport: On DSC: On (>100 posts)
 
gregcagle's Avatar
 
Join Date: Jan 2014
Location: Indio, CA
Posts: 125
Thanks: 15
Thanked 9 Times in 9 Posts
Garage
Might be a little high. You're in California, right? Hopefully the car has been a CA car the whole time. As a point of reference I paid $24k two years ago in Seattle for a very similar car with Dinan exhaust and a stealth install Passport detector.
gregcagle is offline  
post #8 of 43 Old 21st March 2017, 10:27 PM
gregcagle
Member, Sport: On DSC: On (>100 posts)
 
gregcagle's Avatar
 
Join Date: Jan 2014
Location: Indio, CA
Posts: 125
Thanks: 15
Thanked 9 Times in 9 Posts
Garage
gregcagle is offline  
post #9 of 43 Old 21st March 2017, 10:31 PM
C4RACER
M5 Guru (>2000 posts)
 
C4RACER's Avatar
 
Join Date: Oct 2003
Location: San Jose, CA
Posts: 2,274
Thanks: 6
Thanked 121 Times in 108 Posts
Offer $20K and settle somewhere in between. Seller has a pretty good idea of the value of the car. He isn't going to take $18K for it so offer $20K and stick to somewhere close to that number. Considering it's a 2001 and a less desirable or rare color. Maybe a LBM 2003 with 70K is worth $25K but probably not this Car.


Sent from AutoGuide.com Free App
C4RACER is offline  
post #10 of 43 Old 21st March 2017, 10:59 PM
intrepid one
Member, P500 Sport, DSC off (>900)
 
intrepid one's Avatar
 
Join Date: Aug 2007
Location: Sarnia, Ontario
Posts: 988
Thanks: 362
Thanked 81 Times in 74 Posts
I agree with most of the thoughts above..Get a PPI and find out what is required to bring it up a standard you will be happy with. Starting at 25K with 3 to 5K worth of suspension, brakes and tires for example puts the dollars out of line in my humble opinion..
intrepid one is offline  
The Following 2 Users Say Thank You to intrepid one For This Useful Post:
Landscraper (21st March 2017)
Reply

Bookmarks

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the BMW M5 Forum and M6 Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:



Similar Threads
Thread Thread Starter Forum Replies Last Post
Is the market for E39 M5 changing? B-Dog E39 M5 and E52 Z8 Discussion 66 25th October 2017 03:05 AM
Purchased a second stock 2001 M5, Makes my other 2001 feel slow. Braymond141 E39 M5 and E52 Z8 Discussion 108 16th June 2014 05:03 PM
In the market for a e39 M5! NJ.M5 E39 M5 and E52 Z8 Discussion 21 1st July 2009 09:39 PM
E39 M5 used market seems healthy.., HBRAMSTEDT E39 M5 and E52 Z8 Discussion 0 10th October 2003 08:03 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome