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Talk me out of buying an E39 M5

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Old 06-03-2008, 05:34 AM
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I can't believe you'd want to buy another non-warranty used BMW after you put $28k into a used $14k BMW.

I have ridden in a couple E39 M5's and they are/were sweet rides. I just wouldn't trust the long-term reliability and repair cost. For $30-40k, frankly, I'd get the Pontiac G8 GXP and call it a day.
Old 06-03-2008, 06:56 AM
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Originally Posted by weneversleep,Jun 2 2008, 11:13 PM
I bought it for $14K and have since put $28K more into the car.
Details, please! I'm about to buy an E36 M3 with 120k miles for track use. I'm wondering how bad of an idea that is........
Old 06-03-2008, 08:00 AM
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for low 40's/ high 30's you might be able to find a CPO 335.
Old 06-03-2008, 09:28 AM
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Originally Posted by VTEC_Junkie,Jun 2 2008, 08:20 PM
just keep the S and get a used minivan or suv for your family. you'll appreciate not having to bend over to get your kid in/out of the car repeatedly for the next 2-3 years.
+5!!! Great idea....don't do the compromise. The S is a bargain to keep forever....and minivans are CHEAP and will last a long time, and for half the difference of the S and the M5, you can get a great sedan or minivan to use as a people-hauler.
Old 06-03-2008, 09:31 AM
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E39 M5 is a great car - good looking, fantastic engine, fun big car handling. On the flip side, the potential cost of repairing any mechanical or electronic issues scares me, and I'm not crazy about the recirculating ball steering system.
Old 06-03-2008, 09:43 AM
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Well, the dilemma is solved, for now.

The one that I was looking at sold for more than I was willing to pay:

eBay link

I drove the car this last weekend, and it was basically a brand-new car. 14K miles, one owner, always garaged--it even smelled new inside.

I was willing to go to $36K, maybe $37K at the max. Someone bid $39K, and the seller sold early. Whoever bought it got a very sweet car. Not many E39 M5s left with that kind of mileage...

--michael
Old 06-03-2008, 09:44 AM
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Originally Posted by X4DLuvOfSpeedX,Jun 3 2008, 08:56 AM
Details, please! I'm about to buy an E36 M3 with 120k miles for track use. I'm wondering how bad of an idea that is........
Just do a search on my name--I've posted details about my M3 on here before.
Old 06-03-2008, 09:46 AM
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Originally Posted by superfly092886,Jun 3 2008, 03:07 AM
I would buy a honda 4cyl accord which is great on gas and sell the old m3 which still has great resale use that money to mod the s2k which has more potential at becoming a better track car (Aftermarket parts, S2ki sponsers)
I disagree about the S being a better track car. I've tracked both the S and the M3, and I chose to retire the S as the track car and the M3 took over. I just like the feel of the M3 better on the track.
Old 06-03-2008, 10:08 AM
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DO IT!
Old 06-03-2008, 10:11 AM
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Originally Posted by weneversleep,Jun 2 2008, 09:13 PM
2. Scared of spending $30-40K on a 6-year-old BMW M-car without a warranty. I've been down this road before in my M3... I bought it for $14K and have since put $28K more into the car.
I don't see how you spent $28k on the E36 unless you added a turbo and upgraded everything on the car. If you can afford to drop that kind of coin on upgrades, maint on the M5 should be a breeze for you.


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