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In Reply to: Good cars or too costly?? posted by Mike on December 15, 2000 at 11:56:24:
Just to give you perspective, I spent $19,500 for an M5 with 48,000 miles on it. I KNEW ahead of time that it had a salvaged title and needed some "fixer-upper" type work. After putting about $2,500 into it I would have broke even buying a 70K mile M5 with a squeaky clean title.
I love my M5 and pretty much got what I asked for. I would suggest that if you are serious about finding a well cared for M5 (at probably a higher price) check the BMWCCA member magazine ROUNDEL classified. These are usually well loved cars.
A well cared for and loved M5 will probably cost a little more than your average car for maintenance, tires, brakes, etc, but it will be a HELL of a lot more fun!
-Benster
1991 M5
My only experience with BMW was 323i and that proved expensive and frustrating - engine rebuilds, computer problems, etc. My boss recently sold his 740 - I remember the brake rotors need replacing after a nominal mileage.
So, you see that my perception of BMW's is somewhat tainted but - BMW's do get very good press and hence this post.
I'd love to get into a E34 M5. Past research has found gear box problems, engine rebuilds - all expensive stuff. Have I got a fair picture? Are these expensive to live with? I run a 93 Porshce 911 at the moment and apart from replacing a clutch ($1200) I haven't had one thing go wrong in 40,000 miles.
There's a 91 M5 with 47k miles for sale near me for $18.5k.
Thanks