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gbrownings

2001 E39 M5 sells at auction for £32,600

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The country is flooded with cheap money so I'm not surprised prices are where they are.

Only a few years ago some on here were saying 10k was top money.....that doesn't buy a scrapper now

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It doesn't help me, as I am currently looking for one! haha

 

It does seem like the lower mileage examples (Sub 70k) are running away price wise. I was quite surprised that one made the money it did! 

 

I saw a completely standard silver example with black leather and approx. 72k sell back in Feb, via one of the Facebook groups, advertised for £21.5k, it was a very late 2003/53 reg too.

 

I do wonder if the market will cool a little later this year....?

Edited by CB 987

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Looking at the pictures of that most recent one :

 

- The wheels look too silver.

- There are pixels out on the dash.

- Gear knob decal is delaminating and leather is not in great nick.

- Seat leather looks very 'baggy', I've seen better on 200,000 mile cars.

- Front wheel arch liners are fastened with bare metal screws, they should be black.

- Rear door shadow line trim is corroded.

- Windscreen rubber trim is split.

- Corrosion on base of drivers door mirror.

- Bonnet release handle and drivers side catch quite badly corroded.

- M logo on engine cover chipped.

- Nav monitor screen scratched, probably had the anti reflective coating removed.

- Drivers internal grab handle leather marked.

- Drivers flor mat quite worn.

- Underside pretty filthy with many suspension components corroded, probably original and will need replacing soon if not now.

- Fuel return pipe quite corroded.

- Wallet key missing.

- MOT advisory for oil leak and some sign of a leak on the undertray, has it been fixed?

- MOT advisory on break pads, replaced?

 

That's just a few observations from some pictures.  Cars are always worse in the flesh.  Obviously some of these are very easily fixed, but for over £34k the thing should be perfect!

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I agree, should be utterly perfect for £34k.

 

Did I see evidence of a not very good repair on the FOS passenger door.....some rippling? 

 

The front seats give the impression the car's been used as a taxi! :lol: Even the front passenger seat is baggy.

 

The gear lever is such a central and tactile feature you'd think the previous owner would have invested £140 in a new one.

 

Would seem potential buyers accept that sort of condition even at 'big ticket' prices.

 

Meanwhile....at the other end of the market....a 300,000+ mile E39 M5 for £7500. Possibly the crappiest M5 in the UK (and located in High Wycombe - widely acknowledged as the centre of the universe for shite M5s!)

 

Here: 

https://youtu.be/UvruqMoYWhc

Edited by DepthHoar

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Silly money but, you might see mine on there soon.  London ULEZ in October means it will cost £12.50 a day to just take it off the drive.  Mine's, not perfect, but much nicer!  It's a rare 2002, 2 owner "individual" with an impressive spec, 107,000 miles (all bar 30,000 driven by me during my 15 year ownership). 

 

I might even throw the mutt in for the right price!:D

 

 

M5.thumb.jpg.d04d07e607fead096057f1848b42b287.jpg

 

 

M52.thumb.jpg.7b3168af3265cae0c3862aed2b9c43e2.jpg

Edited by gbrownings

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It's the only UK car with individual light coloured leather with black piping and comfort seats.  Add to that seat backs that are not black and factory specified headrest monitors etc.  it's a pretty unique car.

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Yes, it was the only RHD Black Sapphire car made.  In a picture it's not immediately obvious it's Black Sapphire though, it could easily be Carbon Black or Schwartz 2, but the interior is a dead giveaway. 

 

Whatever, it's bloody nice!  :)

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A beauty just sold on ebay a couple of days ago for 11k. It was Cat S but had a full resto and looked really nice.

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Values are certainly increasing fast.

 

As part of my annual agreed valuation procedure, I do a quick check with WeBuyAnyCar just to get a lowball price.  As I obviously don't use them to sell, they keep updating me with price changes.. This year I've had the following :

 

4th May - £16,150.

18th May - £16,500

8th June - £16,650

23rd June - £17,630

 

Still very significantly less than the insurance company have agreed to, but that's quite a big rise in just 7 weeks and especially so in the last 2 weeks.

 

 

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The same has been happening with E46 M3’s, the collector car market and general car market is currently pretty hot! I’m currently looking for an E39 M5, but I am not really too sure what they will do price wise over the next 6-12 months. I’m looking for something useable with a minimum of 80-100k+ miles to push me out of the real collector car territory.

 

Im hoping I can buy one from a fellow enthusiast before a trader snaps it and slaps a huge margin on!

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On 23/06/2021 at 12:20, RichardP said:

4th May - £16,150.

18th May - £16,500

8th June - £16,650

23rd June - £17,630

 

6th July £18,155.

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The same has been happening with E46 M3’s, the collector car market and general car market is currently pretty hot! I’m currently looking for an E39 M5, but I am not really too sure what they will do price wise over the next 6-12 months. I’m looking for something useable with a minimum of 80-100k+ miles to push me out of the real collector car territory.
 
Im hoping I can buy one from a fellow enthusiast before a trader snaps it and slaps a huge margin on!
What would you guys value cars with 80-100k currently at? Mine has covered 89k and was just wondering not looking to sell.

Sent from my SM-G998B using Tapatalk

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What colour combo is it (interior/exterior), what year is it and is it pre or post facelift?

 

That will help give a better indication of value.

 

Cheers

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Another 'market maker' E39 M5 recently under the hammer at Collecting Cars: https://collectingcars.com/for-sale/2000-bmw-e39-m5-2

 

£38500 + 6% buyer's fees = £40810 for a 46500 mile car.

 

Another 'Full Service History', shiny car with limited evidence of proper maintenance. The market seems transfixed by 'FBMWSH' with little thought for 21 yr old perished rubber in the suspension, vacuum lines, coolant hoses etc. etc.. To say nothing about the corrosion that might lurk under those sill covers.

 

In my part of the world they have a phrase that sums this up.

 

'All fur coat and nae knickers'.

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