M5 Prices

Specific conversations and info for the BMW E28 M5 and M535i.
M5BB
Posts: 1567
Joined: Jun 13, 2007 10:13 AM
Location: Peachtree Corners, Georgia

Post by M5BB »

Congratulations on the new M5.
I'm in Duluth, GA.
Another friend and board member 2 miles from here has a newly restored M5.
We should get together and see how much they look alike? :D
PM me with your name and some contact info.
BBIggs
Posts: 47
Joined: Oct 21, 2007 10:37 AM
Location: Alpharetta, GA

Post by BBIggs »

When I said it had been sitting around..it wasn't entirely dormant. It had been used a little and fluids changed. Good documentation of all service and maintenance.

It is in the shop getting a few things done, including:
New lights/ Hella H1's and H4's;
New chip;
New dash circuit board (found out the bad news this morning - ouch);
New sway bar bushings;
and a few other little things.
Emissions test;
Then off to the tire shop.

I'm guessing I will be ready for a local meet in the next couple of weeks.
2ndeagle
Posts: 1140
Joined: Oct 13, 2007 12:20 PM
Location: Los Angeles, CA

I'll wait!

Post by 2ndeagle »

I'm a neeby all the way around. I purchased a 528e 0n 9/1/07 with significant upgrades to the susp/brakes. The only defects are the normal dash crack, head rest non-funct and pwr antennae ain't power no mo. I put 1100mi on it in two days and have had no problems(except frt shimmy 60-40mph while braking)

With that said, I fell in love with the E28 altogether. I lspent some time looking for a 535 and found very few really nice ones. Then I read the input on the //M5 (i.e. how fast, the history, the conversation of the //M5 owners). So, I bought one. I'll share the details w/the pix.

P.S. That Blk on Blk is Sweet. (Nice Profile).
gkrea1
Posts: 84
Joined: Feb 12, 2006 12:00 PM
Location: Ypsilanti, MI

Do M6's count? We share a motor if not the practicality.

Post by gkrea1 »

Do M6's count? We share a motor if not the practicality.

They seem to go for 10-20% less than the M5's.

I bought an Arctic blue metallic european 1985 M6 in May this year. It has almost 240k miles with 120k miles on the Dinan stage II 3.9 liter stroker (205-210psi compression on all cylinders). I paid $12,500 which included shipping from Alabama to Michigan. I replaced the odd 17" Momo wheels with a used set of E34 throwing stars and have changed the guide and timing chain. It is a 9.5/10 mechanically - my priority when looking for a car. It had a fair repaint and new front spoiler a year ago. The black water buffalo interior was redyed (no rips, but a couple edge beading areas are gone on the driver's seat) and a new Momo flat bottomed steering wheel (easier ingress/egress for my 6'4" frame). Dash cracks? Canyons. It was a California daily driver until 2006 21 years in the So-Cal sun. 7/10 exterior, 6/10 interior.

All told I have about $14,200 into it (less once I sell the old set of wheels). It's an excellent driver. Once I polish the paint it'll be a great 20-footer.
JayM
Posts: 473
Joined: Oct 13, 2006 1:23 PM
Location: Ottawa, Canada

Re: Do M6's count? We share a motor if not the practicality

Post by JayM »

gkrea1 wrote:Do M6's count? We share a motor if not the practicality.

They seem to go for 10-20% less than the M5's.
I've seen the opposite. The sixers tend to go for a bit more from what I've seen.

It sounds like you got a good deal though it's going to cost you a bit to sort out the interior. Dash cracks are an inevitability, but at least yours is black, so you might be able to find a decent used one. The black dash is still available from the dealer as well, I think.

Pics?
gkrea1
Posts: 84
Joined: Feb 12, 2006 12:00 PM
Location: Ypsilanti, MI

Post by gkrea1 »

Dash canyons specifically and investing in cosmetics generally are low on my list of priorities. My first 6er was a near-perfect turbo and taught me how to fix and maintain a 80's BMW. This one is to teach me how to drive. My wishful To-Do list is
2008: Make everything right (fix dipping headlights, headlight wipers, add a third brake light, polish paint, detail engine bay) and attend a driving school. Need to upgrade the nut behind the wheel.
2009-10: Upgrade the handling and brakes as weakness are learned in driving schools. Install reliable gauges (dual oil Temp/Pressure, dual AFR/vac-boost, and coolant temp) and possible a brake bias valve.
2011-12: Stand alone engine management (Haltech?) and more driving schools. May need a clutch and tranny work by now.
20??: Kids starting college so who knows, but rebuilding the motor one winter and adding a turbo the next would make this a much more interesting car.

It looks like any other euro M6 which look almost like every other 6er so nothing special there. It's debadged (personal preferance). I'll try to post my favorite picture taken during the chain/guide R&R work this fall.

Image

Stock stroke is 84mm.
M5ZEALOT
Posts: 1271
Joined: Aug 14, 2007 11:09 PM
Location: San Diego, CA

M5 prices in 1988

Post by M5ZEALOT »

Ok not to be a jerk.....I paid $49,500.00 + a $7,000.00 mark up for my M5 in October 1988 from my local dealer. I was 13th on the waiting list. Lucky me the other's lost interest or bought Corvettes. I sold almost everything I owned and fortunately no one would buy my mother! :laugh: Yes I got screwed but there was no other way to get the car of my dreams back then. Grey market ones were scary and scarce. I drove my dad's 85 Euro M5 in Germany where he was stationed and I was hooked. It is a sellers market here in Cali and prices go from $9,000.00 to $12,500.00 for a decent example. One thing is always certain, all will need a rebuit engine at some point. My rebuild came to a shocking 18K after 234,000 hard miles but I still have my 20 year old baby and hopefully another 20 years. I think the falling prices are due to so many neglected and thrashed examples in the market. M6's and M3's of this generation are selling for much higher prices because these models seemed to be more loved by their previous owners?

In 1999, a Japanese business man left his card on my windsheild saying to name my price. I called him and he wanted the car so he can put it on a container on his cargo ship headed for Tokyo in two days! He claimed this was the cleanest M5 he has every seen and would be a worthy replacement to his wrecked 86 model. Car had about 120K miles on it and ACS body kit already installed. I told him the car was not for sale. He offered me $30,000.00 to my surprise. I respectfully declined and to this day still wonder if the guy was legit.
bojangles
Posts: 1566
Joined: Feb 12, 2006 12:00 PM
Location: London, Ontario

Post by bojangles »

B7Turbo wrote:Hey Ted, you are very generous, offering $14,000 for that piece of crap; the car is worth as much as the owner worth. When the owner’s word worth nothing so as the car it self. As far as I am concerned that car should be pickled perhaps for the next generation. End of the story. :laugh: :alright: :banana: :rofl: :roll:
funny I never saw this post..
WTF is wrong with you man? How can you hold you damn best in show trophy with any pride after posting this.
Why do you say my car is a piece of crap? I have worked hard to keep it stock and as good as I can. All you did is throw money at yours until you won.

Blatant slandering like this is horrible. I pride myself on my integrity and my determination to be honest and fair. Some people dont like hearing the brutal truth, but I am quite free to state it. When you dont even have the balls to put your name or explain where my word was worth nothing, it makes you a very shallow man.

I suspect that you are referring to when I considered selling my car to Mark. ( correct me if I am wrong) I have copies of emails back and forth from Mark about trying to sell my car and there is nothing that I can find that is wrong. I let him drive my car for hours on the way back from 5erFest. I named my price. He offered less several times. I continued to state my price and he did not want to pay. There is nothing wrong with the exchange.

Bruce
B7Turbo
Posts: 1260
Joined: Feb 12, 2006 12:00 PM
Location: Toronto, Ontario

Post by B7Turbo »

Hey, Jingle bell boy, I am not going to dignify your post, but one thing that I know is that money talks BS walks, but for your info and the rest of people whom reading this post that is all I have to say. I have a hard time believing you, because Mark has a copy of the email correspondence between you and him to proof that you are not telling the truth and you must be shamed of your self and must have lots of nerve to bring up this subject again. And truly we are extremely glad the Mark didn’t buy your &%#$@*&+_(*&. :x
bojangles
Posts: 1566
Joined: Feb 12, 2006 12:00 PM
Location: London, Ontario

Post by bojangles »

How about something beyond slander.. Show the email.... I dare you.. there is nothing there. You are LYING.
You are a total embarassment to the group...

I know you like e28s, that is fine, we all do. But as a person you have just degraded yourself to lowlife level.

Where is my BS???? what are you talking about? you are being like a teenage highshool girl and gossiping without ANYTHING to back you up.

If you want to insult my car.. I think that you need to go beyond
shamelessly calling it a POS. what are you insulting? my car is a fine example of an e28. Its maintenance has been nothing short of fanatical.
If you want to insult me... come and do it to my face.
B7Turbo
Posts: 1260
Joined: Feb 12, 2006 12:00 PM
Location: Toronto, Ontario

Post by B7Turbo »

I learned long time a go that never argue with an idiot. Just to turn your lights on, I give you a hint, I am still part of our group and you are not, Think and Think hard, perhaps you need to go for another soul searching in what ever place that you were gone last time, may be you will find it and this time bring it with you don't leave it there. :)
bojangles
Posts: 1566
Joined: Feb 12, 2006 12:00 PM
Location: London, Ontario

Post by bojangles »

I wonder how you go to sleep when you are showing yourself to be UNKIND and RUDE... I wonder what your mother would think of your behaviour.

I am not an idiot.. please stop insulting me. I am quite intelligent actually.

I am also not argueing with you. I am telling you that your comments about me and my car are WRONG. I am asking you to back up what you are saying. You threw the first punch Mr., dont try to just take the last word and walk away.
bfrank1972
Posts: 1
Joined: Aug 20, 2007 5:15 PM

Post by bfrank1972 »

please take this somewhere else boys... :roll:
M5BB
Posts: 1567
Joined: Jun 13, 2007 10:13 AM
Location: Peachtree Corners, Georgia

Post by M5BB »

Boy you got that right. :argue:
Could a Beamter remove these posts from this thread.
It has nothing to do with the topic of M5 prices.
bojangles
Posts: 1566
Joined: Feb 12, 2006 12:00 PM
Location: London, Ontario

Post by bojangles »

just trying to keep the value of my car up......
STAMPER
Posts: 13
Joined: Dec 28, 2007 6:41 PM

SOLD: 26,500.00

Post by STAMPER »

First off I want apologize to the folks who PM'd me about my M5 and whom I told that I would post it on the board when I decided to sell her. She went into the shop to get a full detail and get ready for sale and one of my mechanic's customers bought her today.

She was a great car and I had a lot of fun getting her sorted and met several super folks here on the board in the process. Brian the Parts Pimp in particular.

Here are the details. Milage @ 90K, zero paintwork, and super interior with no damage. In 2004 I sent her Motorsport Connections in Winston-Salem, NC for a total mechanical refurbishment - everything from the timing chain to all hoses. At that time we also installed UUC exhaust, Fahey hub, cam and track pipe (I still have the cats). Dinan chip too.

Next I sent her to BMW of Chatanooga where Brian the Parts Pimp installed all new trim and any other cosmetic bits that could still be ordered new from BMW including a new front spoiler. New euro headlights too. The biggest splurge was a new leather dash and door caps. I believe this was the last leather dash to come from BMW in Germany. (Duke actually sourced the front door caps as they were NLA.) Also install a new rear sunscreen which is now NLA.

Recently I installed ceramic coated euro headers - bought new from Brian. Also UUC short shifter and pedal set. Wheels are refinished.

She is fast and tight. Zero paintwork and no rust. Interior is darn near perfect with no rips, tears etc. Service book is stamped consistently by previous owner and of course I have all of my records.

My "investment" was north of $40k. I wish I had driven her more than I did, I had great aspirations of taking her to 5er Fest and on the track. Other commitments and projects got in the way.

I hope the new owner will have fun and "drive it like he stole it"!!! I hope he will also join the board and keep us posted on his upgrades. He says he wants to upgrade the suspension and the stereo.

Cheers, george
M5BB
Posts: 1567
Joined: Jun 13, 2007 10:13 AM
Location: Peachtree Corners, Georgia

Post by M5BB »

So George what did he steal it for?
That's what this thread is supposed to be about.
Sounds like a wonderful car.
Seems like it should be worth the $30k the other M5 sold for in NC last year :clap:
STAMPER
Posts: 13
Joined: Dec 28, 2007 6:41 PM

Post by STAMPER »

I was asking 29,500 - sold for 26,500. I paid for the detail.

Yes, he "stole" it - but I knew that I'd never recoup what I had in her. I just wish I driven her more!!!
M5BB
Posts: 1567
Joined: Jun 13, 2007 10:13 AM
Location: Peachtree Corners, Georgia

Post by M5BB »

Thanks for replying.
That's great that it sold for a good price.
Not what is was worth though I'm sure.

Just seems like it's time that these cars start getting some good prices. Of course there are fewer and fewer like yours and that should drive the good ones up.
Thanks again for responding.
JayM
Posts: 473
Joined: Oct 13, 2006 1:23 PM
Location: Ottawa, Canada

Post by JayM »

Bravo on getting a good price :up:

It's unfortunate that they still don't get anywhere near what is put into them, but we're getting closer. Your buyer got a sweet car from the sound of it.
tobyport
Posts: 7
Joined: Feb 21, 2008 9:47 AM
Location: North Carolina
Contact:

Post by tobyport »

Geo--
Thank you for a great car. I have wanted an M5 since I drove my first 5er, a pre-owned 1982 528e back in college. Steve Haygood is sending the new suspension components, Technic springs and Bilstein Sports. We should have her out of the stable in a week or so. I'm building a website dedicated to this beast and will have it live shortly. Can't wait to share! I would appreciate any ideas/thoughts regarding a stealth hi-fi package.
fjfar80
Posts: 192
Joined: Mar 12, 2008 2:48 AM
Location: NOVA

M5 Purchase

Post by fjfar80 »

All -

I am obviously new to this board since I just bought my M5 yesterday. Actually a friend of mine closed the deal for me since I am currently living in Hong Kong. The car is a 1988 M5 - production date is February 1987 - WBSDC9306J2791190. The car has 150,000 miles on it and spent the last 10 years in Arkansas. I do not know much about the history of the car; I just wanted to pick one up for a reasonable price. I paid US$6,000 for the car and I know I will probably spend an easy US$25,000 getting it into the condition I want. The vehicle had the seats re-covered in 2006 and supposedly has had the following performed recently:

1. Rebuilt transmission by Blanton;
2. Guibo replacement;
3. New transmission mounts;
4. New driveshaft with u-joints;
5. New rear subframe mounts;
6. New heavy duty lower control arm bushings;
7. New passenger front wheel bearing;
8. Bilstein sport shocks in the rear;
9. Bilstein sport struts in the front;
10. Eibach lowering springs;
11. New front rotors;
12. New Metalmaster pads all around;
13. BFG Comp TA's, approx. 75% tread remaining;
14. New K&N filter;
15. New Bosch plugs;
16. New timing chain tensioner;
17. New factory ecu; and
18. New air conditioner compressor.

I am obviously not 100% sure that this is all factual as I am 8,000 miles from the car and my friends have yet to thoroughly go over the car. I plan on going the Euro Bumper route as well as grill and headlights. I am currently sourcing the bumper and m-tech aero pieces; however, I am looking for the grill and light pieces. If you have or have a lead on these - please let me know ASAP. My plans for the car are to put it into "great 10 of 10" shape and hold onto it. I just started talking to Frank Fahey and I am planning on getting the car out to him for some engine work...not sure of the time frame based on the logistics involved and the fact that I have 12 more months on my contract here in Hong Kong. I have learned quit a bit from reviewing this board and some board members are already helping me source some parts. My friend (who purchased) the car for me said that the engine looks to be in a 9 of 10 shape, the interior is a 6 of 10, and the exterior is an 8 of 10. He said the exterior is straight and true - but will need a good spray job to bring it up to show quality. I plan on having the car completely stripped down and re-built from the ground up. I will be doing some of the work myself and will be "farming" some of the work out to the appropriate companies. I can't tell you all how excited I am to have this vehicle. I have wanted to acquire a '88 M5 for some time and I am thrilled about finally having one. I have several BMWs already and my favorite is my '97 528i here in Hong Kong (right hand drive). I have a great shop here in Hong Kong that does a lot of custom fabrication and work with AP Racing Brake systems so - I am hoping to be able to get a set-off AP Racing Brakes (330mm) for the car (front and rear) although there will be some custom fabrication involved undoubtedly. Thank you again to all of the contributors and members who make this forum very informative.
fjfar80
Posts: 192
Joined: Mar 12, 2008 2:48 AM
Location: NOVA

M5 Pictures

Post by fjfar80 »

Of course before I get "spanked" for not having pictures...my friends will be doing a "pictorial log" for me over the next day or two. When I have some good pictures I will post them up for your viewing pleasure.

Cheers.
johnnye23
Posts: 5059
Joined: Sep 27, 2006 3:47 PM
Location: Auburn Ca
Contact:

Post by johnnye23 »

Well this is sort of related to price/value of the M5 . I just purchased Haggertys collector insurance for my M5. Their top end value was $30 k and their low end was $8 k for the E28 M5. I found that range of prices interesting . Of course my car is at the low end :laugh: .
underwatervans
Posts: 232
Joined: Apr 10, 2008 12:08 AM
Location: Charleston, SC or Ocean City, MD

Post by underwatervans »

Just recently purchased and its a great car, the maintance seems to be kept up however for the past 15K a person had it that I don't think took very good care of it. The tranny went last week about a week after i purchased it and was about a 2k fix and the sls system in the rear is gone. Im also going to have to replace the brake booster and pads soon. Where should I take the car to have the valves adjusted, or is it possible to do that yourself? Also how do you find out what aftermarket chip you have?

Specs
Production date 87
AP racing brakes, and drilled rotors in the back
F1 Racing Stage two clutch kit (put that with the replaced tranny)
Chipped, don't know which one yet but definitly chipped
Bilstein HD's in the rear with stock 535is springs(haven't done yet but its in the works)
156,000 Miles
K&N Air Filter
RonP
Posts: 3581
Joined: Feb 12, 2006 12:00 PM
Location: Sunset Beach, California
Contact:

Post by RonP »

I just sold mine for $31.500 and another just sold for $35,000 with 29,000 miles on it. Mine had 54k on the clock.
Rich Euro M5
Posts: 6098
Joined: Mar 10, 2006 6:20 AM
Location: Klein, Texas

Post by Rich Euro M5 »

RonP wrote:I just sold mine for $31.500 and another just sold for $35,000 with 29,000 miles on it. Mine had 54k on the clock.
Ron,

Thanks for posting the prices for these two low mileage examples.

Rich
M BADGER
Posts: 96
Joined: Oct 10, 2006 3:01 PM
Location: Milwaukee, WI

Post by M BADGER »

I paid $12,000 for my 1988 M5, two months ago.

It had 133k miles (134k now) and is in very good shape.

The paint is very sharp with minor swirl marks and a few minor scratches and chips, but no dings. The paint and panels are original. There is no rust on the body.

The interior is very clean. The dash has no cracks. The front seats show minor wear but have no rips or tears. All power accessories work save the passenger mirror and headrests. The stereo works but crackles. I love the way it smells, very 80s BMW. It reminds me of my parents' old E30 and the E28s I knew back in the 80s.

I have all records since new. It has been well maintained, but relatively dormant the last few years and needed a few things. The exhaust has been replaced with a tri-flo. A tune-up and valve adjustment have been done, along with rear brakes and a few minor things. The timing chain tensioner is in progress and I expect to have the SLS replaced this summer. I expect to spend $4,000+ this year.

I feel the car is worth at least $16,000 once brought up to 'spec', not that I am planning on selling it. It is a keeper.

Pics here:

http://www.mye28.com/viewtopic.php?t=45 ... &&start=25
M5BB
Posts: 1567
Joined: Jun 13, 2007 10:13 AM
Location: Peachtree Corners, Georgia

Post by M5BB »

First, Ron can you tell us a little about your car and the other one that sold for great prices. Congratulations BTW.
Were these cars stock or almost?

M. Badger, sounds like you got a good deal. No cracked dash is amazing. Glad to have another satisfied owner.
There's a Euro car on eBay right now that is at $25k. BIN is $35K.
Good to see some good prices although there are some really low one's too. Mostly abused cars.
Thanks for posting guys.
Tucker
Posts: 961
Joined: Nov 07, 2007 9:37 PM
Location: Los Osos, CA

Post by Tucker »

I finally got around to reading through this whole thread and realized I forgot to contribute when I bought mine last fall. My car has 190k, it's never been hit or painted, no rust. Numerous little dings and scratches but the paint came back well after hours with a clay bar and polish. I've got a stack of records from new including the window sticker, the last 5 years or so of which were with the shop I work for. It's been loved and cared for, but is at the point where it needed someone like one of us to save it. Not long before I got it the suspension was completely gone through front and rear, with bushings all around and Bilsteins up front. The head has been off and refreshed about 30k ago and the chain was done (by me at the shop) at that time. It has numerous needs, but is fundamentally solid mechanically,if a bit weak in the cosmetics, mostly in the interior. At least it's all stock and unmolested by bodywork or paint! The previous owner is a good customer at the shop, and I asked him years ago to let me know if he ever decided to sell. Sure enough he did, and held the car for me while I put money together, so we were both happy with $7000. A couple pics from immediately after purchase:
Image
Image
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