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Old 07-03-2011, 02:01 PM   #1
peritus
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Advice Needed for BMW M5 purchase

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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Old 08-04-2011, 08:56 PM   #2
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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.
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Old 08-05-2011, 12:03 AM   #3
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Quote:
Originally Posted by peritus View Post
Am I going to regret buying one out of warranty?
As far as i know, things can get very expensive after warranty! Be carefull!
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Old 08-05-2011, 07:42 AM   #4
HansW
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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.
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Old 08-05-2011, 07:44 AM   #5
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http://www.maxbimmer.com/forums/showthread.php?t=144555
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Old 08-05-2011, 09:57 AM   #6
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One thing to help you get a *more* reliable e60, is to stay away from the SMG!
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Old 08-05-2011, 10:39 AM   #7
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Close Call

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.
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Last edited by peritus; 08-05-2011 at 10:42 AM.
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Old 08-05-2011, 05:06 PM   #8
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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
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Old 08-05-2011, 08:48 PM   #9
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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.
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Old 12-22-2011, 09:58 PM   #10
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Hans,

Have you experienced any trouble with smg?
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Old 01-03-2012, 07:28 PM   #11
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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.
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Old 01-03-2012, 10:40 PM   #12
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Thanks - some really good info here. I'll definitely have to pay close attention if I test drive one of these.
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Old 03-01-2012, 07:51 PM   #13
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There's a 2006 M5 at Town + Country BMW right now. Black, 94k but SMG...


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I am here: http://tapatalk.com/map.php?dwd4pf
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