Advice Needed for BMW M5 purchase

[peritus]

Hey Folks, I'm new here - I was sent over from Rennlist as I'm thinking of getting an E60 M5 (2006).

Any advice on cost of ownership for maintenance and repairs? Are they reliable as a daily driver?

Am I going to regret buying one out of warranty?

Thanks,
James

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911 Carrera 4
Audi Allroad Quattro

[HansW]

I got my 2006 M5 last May. So far a few minor things, but very reliable. Its is a solid car. My advise would be to search hard and find a reliable mechanic who knows their M5s. I would also suggest to take your prospective purchase to a shop and have things looked over. Anyone one or place selling a good used M5 will not have issue with this, and if they do stay clear.
Good luck and enjoy the car, I thank my stars every day I drive it. They are awesome machines.
Stay clear of one that has any mods, unless done correctly they can ruin an otherwise perfect car.

[Eurostyle]

Originally Posted by peritus

Am I going to regret buying one out of warranty?

As far as i know, things can get very expensive after warranty! Be carefull!

[HansW]

Eurostyle is correct, as with any high end car like an M5, there are certainly no cheap repairs. Even regular maintenance cost a little more than usual. Also keep in mind that this is even worse for other cars in the same category. You need to expect a certain increase in costs when owning a car like this for sure.
As far as regretting the purcahse without warranty, do your homework and find a good place to have it maintained and repaired and that is all you can do. Used cars come with risk, I do not think there is any more risk with an M5, and in fact I think less risk if you researh and find a good one.

[bmwmck]

http://www.maxbimmer.com/forums/showthread.php?t=144555

[bmwm5lover]

One thing to help you get a *more* reliable e60, is to stay away from the SMG!

[peritus]

Thanks everyone.

I actually had a deposit on one a couple weeks ago. 06, 70,000kms, US car, dolphin grey and extended CoverageOne warranty for about 2 more years.

The dealer disclosed that there was a small parking lot fender bender... I asked for some paperwork and after some digging, learned that the repair came to $31,000!!!! Fender bender my ass!

I went to BMW and they said that $31k does not mean frame damage and those totals add up quickly... so, back to the dealership - asked them for a parts list for the build and they delayed for a week.... then could not produce one. So I got my deposit back and peeled towards the exit in the 911!



Now my search has stalled a bit but I'm on Autotrader once a week peaking around.
_____________________________
911 Carrera 4
Audi Allroad Quattro TT (GIAC)

[bmwmck]

take a look at the link i posted ^ its my fathers car, and one of the nicest you'll find. equipped with every single option that was possible at the time. and one year left on the CPO warranty

[peritus]

Originally Posted by bmwmck

take a look at the link i posted ^ its my fathers car, and one of the nicest you'll find. equipped with every single option that was possible at the time. and one year left on the CPO warranty

I looked at it... It's awesome, and it's exactly what I'm looking for. Too rich for my blood though with a 911 and an Audi in my garage. My budget is high $30s.

Thanks for sharing in any case. Beautiful car.

[windwagen]

Hans,

Have you experienced any trouble with smg?

[zigfread]

My 06 M5 was pretty solid, couple little things.

My M6 that I have know gave me SMG issues.
The awesome thing is when it happens it's without any warning at all!
Mine was the SMG pump and lines and throw out, also I lost an ionic sensor that was pretty awesome as well
.
Really really look into the service history. See if it had the Pump changed, there was some sort of free service or recall for the pumps.

[windwagen]

Thanks - some really good info here. I'll definitely have to pay close attention if I test drive one of these.

[Zac1978]

There's a 2006 M5 at Town + Country BMW right now. Black, 94k but SMG...


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