How much is this '93 E34 M5 worth?
hi folks! *wave*
this topic is about the following car:
Canadian 1993 BMW M5 3.6 I6
5-speed, 98.000km (61.000 miles)
sterling silver metallic on black leather
shadowline option, black maple wood trim
mechanically perfect, runs great, no problems at all. cosmetically it's close
to perfect condition, basically rust free, a hand full of scrachtes/stone chips
(the stuff you can't avoid when having a car that is close to 20 years old,
but nothing that can't be fixed for a few hundred bucks if somebody would
want to make it immaculate).
it has the original throwing star BMW rims (with polished lips) that are in
A+ condition on new all season michelin tires. a beautiful black headliner,
motorsport handles and M mirrors. it had it's last major service in march
where anything that needed attention was fixed ($2700 bill).
my friend is thinking about putting it on the market. we were wondering what
you guys would think it is worth these days. any serious input is appreciated. *th-up*
Depending on the history of the car, and if you find the right buyer, i would say $15-20K.
thanks for your feedback! he is the 3rd owner i believe. clean history, accident
free. a car for a true enthusiast. you think $15k for a quick sale and $20k if there
is time to find the right buyer? not easy putting it up for sale at this time of year... :rolleyes:
I agree $15 - 20 for a clean accident/rust free car with a service history.
Original unmolested E34 M5 cars are becoming more difficult to obtain.
PM me when your friend is ready to sell.
Saw this car in person, it's about as perfect as they come
I would go and say that anything over 15K is a bit unrealistic knowing that I can get an E34 Alpina B10 Bi Turbo in mint shape with around 100K km's for the same money.
I would say more in the 13K-15K if I was looking and the car was mint and red (white is nice too) and black interior is a must (which this one has).
***Edit: Just noticed this is silver.
I was going to say something along those lines. I guess in the end, something's worth what someone else will pay for it but realistically, these cars just aren't worth much anymore. But if you find someone with a boner for the precise car you have in mint shape... but then you could also win the lottery.
thanks marek, i'd also like to know... the last one with around 100,000 on the
clock that i can buy right now is $30,000 (in vancouver). and that's a friends
price. i personally still agree on $15-20k for this mint M5. you can't compare
this M5 to those for sale on kijiji/craigslist/trader for ten thousand or less.
Lately there were a few e32 alpina's in the low teens even!
Someone on this board bought an e34 non turbo for mid teens, bi-turbo's are a few more than that, I would say around 20K.
Those guys asking for 30 are sitting on them forever, I am sure, I wonder what they actually will sell for.
Any way, I am not trying to discredit the vehicle, its a niche car, that demands a very specific buyer and he would be the one that determines the true price of the car. Someone that wants one will be looking for a specific thing, I know one day when I start looking for an e34 M5 again, it would need to be red on tan or black, bb triflo exhaust and in tramendous shape, however mileage wouldn't be of a concern much. When I find that car, boy o boy...
I see it all the time, wonderful cars selling for a tramendous amount more than anything similar for months until they finally drop to areasonable price and sell almost immediately.
photos or it didn't happen. that's what they used to say at least. :D most of
my friends and myself are constantly looking and bi-turbo bargains only exist
at japanese auctions if at all. i personally would prefer one from germany
anyways. and E32... really? let's not compare apples with oranges. :huh?:
finding a used car that is a "perfect" match to somebody is close to impossible.
especially on a budget and with cars that old. in 99% of the cases you have to
make compromises. i want a red on tan M5 too (like most people) but color combos
that are popular cost way more. owners that drive those cars know what they have.
if this M5 would be red i'd tell my friend to start taking offers $20k and up any day...
it's not in a rush to sell this nice example of an M5 so there is no reason to give it away.
even $15k would be the low-end if he would be desperate to sell it which is not the case.
anyways, thanks for the input guys! *th-up*
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