FS 1988 M5 13k miles one owner -

GaAlpinaOwner · Post by **GaAlpinaOwner** » Mar 20, 2012 9:06 AM

Time Capsuled - unbelievable...Eric gets another one at EAG.
Who wants a perfect low mileage original 1 owner M5?

http://enthusiastauto.com/qsearch/?id=4 ... display=51

http://www.autotrader.com/fyc/vdp.jsp?c ... 1011&color

1st 5er · Post by **1st 5er** » Mar 20, 2012 9:33 AM

13,282 miles

unbelievable

Be interesting to learn a bit more about this one.

GaAlpinaOwner · Post by **GaAlpinaOwner** » Mar 20, 2012 10:10 AM

Apologies, not to confuse - I am not expressing doubt. I am in shock, and I believe this to be the real deal. Thank goodness I do not need another M5....but if I wanted a <15k mile OEM original, this would be mine.
Call Eric for details -

gray635 · Post by **gray635** » Mar 20, 2012 10:23 AM

Wow!

It would be interesting to know where this one's been hiding. Perhaps rcbmw will chime in on this car. Wonder what the asking price is? It really is amazing how EAG finds all these great M-cars.

rmiddendorf · Post by **rmiddendorf** » Mar 20, 2012 10:54 AM

On Autotrader his price is $45,990 which, in my opinion, seems reasonable. Hard to comp this one out...

Mab1957 · Post by **Mab1957** » Mar 20, 2012 11:28 AM

Wow, that looks just like mine.

GaAlpinaOwner · Post by **GaAlpinaOwner** » Mar 20, 2012 11:38 AM

gray635 wrote:Wow! It would be interesting to know where this one's been hiding. Perhaps rcbmw will chime in on this car.

Agree 100%

OcCoupe · Post by **OcCoupe** » Mar 20, 2012 11:39 AM

Serious Inquiries from US Citizens Only

This may rule some of us out. My mom was seriously interested but now I think she will have to settle for a Chevy.

gray635 · Post by **gray635** » Mar 20, 2012 12:08 PM

rmiddendorf wrote:On Autotrader his price is $45,990 which, in my opinion, seems reasonable. Hard to comp this one out...

Well, if this car is worth $46K (and I hope to goodness it is!), then I got a real bargain when I bought my 43K M5 from Geoff Hasley a couple of years ago.

Actually, I think I'd rather have my car at the price I paid than this car. My car has quit depreciating. If you actually dare to DRIVE this 13K mile car, you will be able to see the $20 bills exiting the exhaust.

Anyway, a really neat specimen of a great BMW. Hope it goes to a good home.

NZfiver · Post by **NZfiver** » Mar 20, 2012 2:31 PM

Just window shopping for me, I'm afraid.

For sale to US citizens only.

Anyone remember the 12k mile East Coast M5 that sold for over $38k around 18 months ago?
With that in mind, I reckon this car is pretty close to the right money for one of these.

MicahO · Post by **MicahO** » Mar 20, 2012 2:36 PM

NZfiver wrote:Just window shopping for me, I'm afraid.

For sale to US citizens only.

Anyone remember the 12k mile East Coast M5 that sold for over $38k around 18 months ago?
With that in mind, I reckon this car is pretty close to the right money for one of these.

The NJ car? Did it actually sell? When and to whom?

I looked at it in 2009 when Bob Chinery was selling it. He was asking 32. Did I miss something here?

rlomba8204 · Post by **rlomba8204** » Mar 20, 2012 2:59 PM

I think the NJ car sold to a guy who works as a consultant at Booz Allen. He came to see my 535i some years ago when it was for sale. He later told me he bought the low mileage car, which was fine except he said he wanted something to drive regularly and for the reason Mike has already explained, driving a super-low mileage M5 doesn't necessarily make a whole lot of sense if you can find one with more mileage but not ragged out.

1st 5er · Post by **1st 5er** » Mar 20, 2012 3:39 PM

GaAlpinaOwner wrote:Apologies, not to confuse - I am not expressing doubt. I am in shock, and I believe this to be the real deal.

As was/do I.

If someone wanted a car just to look at... different strokes...

rcbmw · Post by **rcbmw** » Mar 20, 2012 4:06 PM

gray635 wrote:Wow! :shock: :shock: It would be interesting to know where this one's been hiding. Perhaps rcbmw will chime in on this car. Wonder what the asking price is? It really is amazing how EAG finds all these great M-cars.

I should point out that this E28 M5 is not the same car previously offered under eBay Item #130421140993 (VIN 2791426) in August 2010. The M5 listed at Enthusiast Auto is VIN 2875052 and it was originally sold by Concours BMW in Milwaukee, WI. This car also has the KE-81ZBM-02 anti-theft stereo casette radio with joystick control. The rear M5 badge placement is NOT correct and indicates the car has had paintwork. It also worth noting that it is one of at least five North American specification E28 M5 examples currently with 13,XXX miles and there are still several E28 M5 examples with much lower mileage.

Best,
RCBMW

Addendum: Enthusiast Auto intentionally deleted the image linked above after reading this posting. Here is the image: http://t2.gstatic.com/images?q=tbn:ANd9 ... wO_gyI&t=1

NZfiver · Post by **NZfiver** » Mar 20, 2012 5:23 PM

I have it on good authority that 2791426 was sold for around $38k in August 2010.

That car had actually travelled 12,700 miles at time of sale - a very similar mileage to 2875052 now for sale in Cincinatti.

m-racer · Post by **m-racer** » Mar 20, 2012 6:07 PM

rlomba8204 wrote:I think the NJ car sold to a guy who works as a consultant at Booz Allen. He came to see my 535i some years ago when it was for sale. He later told me he bought the low mileage car, which was fine except he said he wanted something to drive regularly and for the reason Mike has already explained, driving a super-low mileage M5 doesn't necessarily make a whole lot of sense if you can find one with more mileage but not ragged out.

Got to watch out for those Booz guys :lol Do you remember his name?

rlomba8204 · Post by **rlomba8204** » Mar 20, 2012 8:06 PM

PM incoming, sir.

Ken H. · Post by **Ken H.** » Mar 20, 2012 8:51 PM

Waddid he do with it? Keep it in the garage and masturbate at it ??

RonW · Post by **RonW** » Mar 20, 2012 8:58 PM

"Original tires" == 25-year-old Pirelli P700s.

"Routine oil changes" == every 3000 miles == every 6 years.

Somebody had a time machine E12 at one of the 5er Fests. Did it have the original tires?

m-racer · Post by **m-racer** » Mar 20, 2012 9:04 PM

Ken H. wrote:Waddid he do with it? Keep it in the garage and masturbate at it ??

Man, I am with you. I simply do not get owning a car that you only look at. I have made the mistake of over-restoring a couple of cars that were simply too good to drive. Big mistake on my part. E28 M5's were made to drive. Hell, I even drove the Euro M5 and the B9 on the track a few times. Drive em, don't just rub em.

rmiddendorf · Post by **rmiddendorf** » Mar 20, 2012 9:04 PM

I mean this looks like a real sweet car, but the guys are right- you wouldn't want to drive it anywhere. I would even want to trailer it to shows.

1st 5er · Post by **1st 5er** » Mar 20, 2012 9:37 PM

has been run regularly to keep the seals throughout intact

10/1987 to 03/2012 = 24.42 years = 1,270 +/- weeks
13,282 miles ÷ 1,270 = 10.5 +/- miles per week

Is that enough?
Of course we don't know how many hours are on the motor, sitting idling, "to keep the seals throughout intact".

It's selling, being offered, now for near sticker, anyone want to calculate what the value would be after the next 25 years?

L_N_Love · Post by **L_N_Love** » Mar 20, 2012 9:47 PM

m-racer wrote:
Ken H. wrote:Waddid he do with it? Keep it in the garage and masturbate at it ??
Man, I am with you. I simply do not get owning a car that you only look at. I have made the mistake of over-restoring a couple of cars that were simply too good to drive. Big mistake on my part. E28 M5's were made to drive. Hell, I even drove the Euro M5 and the B9 on the track a few times. Drive em, don't just rub em.

I agree...I would drive it if it was mine.

1st 5er · Post by **1st 5er** » Mar 20, 2012 10:33 PM

Rub while you drive.

NZfiver · Post by **NZfiver** » Mar 21, 2012 12:50 AM

1st 5er wrote:
has been run regularly to keep the seals throughout intact
10/1987 to 03/2012 = 24.42 years = 1,270 +/- weeks
13,282 miles ÷ 1,270 = 10.5 +/- miles per week

Is that enough?
Of course we don't know how many hours are on the motor, sitting idling, "to keep the seals throughout intact".

It's selling, being offered, now for near sticker, anyone want to calculate what the value would be after the next 25 years?

If it was actually being driven 10 miles every week from new, that would be adequate - it's the long periods of inactivity that take their toll on the car's condition.
My M5 has averaged around 20 miles (30km) per week in my ownership, but is not driven every week.
I should really plan to remedy that if possible, as both car and driver would benefit!

As for the projected value in 25 years - very subjective topic.
If the car was cocooned in its current condition and mileage, would the value be double today's money? Or much more?
Bearing in mind that these cars are probably not going to be allowed on our roads by then anyway, the survivors may all be museum/collector's pieces.
If that is the case, will they still be worth much at all in 25 years time?
Depends how many are left, I guess.

[my two cents]

rmiddendorf · Post by **rmiddendorf** » Mar 21, 2012 8:19 AM

NZfiver wrote: Bearing in mind that these cars are probably not going to be allowed on our roads by then anyway,

I don't see that happening here in the states, but is that a possibility in New Zealand?

NZfiver · Post by **NZfiver** » Mar 21, 2012 6:23 PM

The world's legislaters are going mad with emissions rules - including here in little ol' New Zealand - so it wouldn't surprise me at all.

B7Turbo · Post by **B7Turbo** » Mar 21, 2012 9:40 PM

I know a 1988 535i with 12K Kilometer for 45K and a1988 635csi for 65K with 22K Kilometer in Toronto area located at a closed and privately owned BMW dealership before BMW dealers become a corporation controlled dealers. I believe there was a long thread about it.

wkohler · Post by **wkohler** » Mar 21, 2012 9:48 PM

rmiddendorf wrote:
NZfiver wrote: Bearing in mind that these cars are probably not going to be allowed on our roads by then anyway,
I don't see that happening here in the states, but is that a possibility in New Zealand?

If someone gets re-elected, I'm sure it will be something for the "out years."

alpinamotorsport · Post by **alpinamotorsport** » Mar 21, 2012 10:49 PM

Its already sold. wow that was fast.

MyE28.com

MyE28.com

FS 1988 M5 13k miles one owner -

FS 1988 M5 13k miles one owner -