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|M-Series (M1, M3, M5, M6) General M-Series Discussion - If it does not fit into a more specific M Category above, please place it in here. In addition, previously archived M-Series discussion is located in this section.|
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| Originally posted by rojo412@Nov 3 2004, 07:04 PM |
Well, if you couldn't tell, I'm brand new here. In fact, I'm brand new to a lot of things about real cars, but I'll keep things brief.
I am fed up with driving crap. I have been doing it for years and I want out! The time has come to look for a real car and as far as I can tell, an M5 is it. I'm 24, so I think I should be driving a car that will make me say in 20 years, "Remember that M5 I had? Man, I wish I never got rid of it."
What I'd like to know is this (general info, for the most part):
1) Is this car as nice as it sounds, even nicer, or more of a hassle than I should take on? I know a good BMW guy who will be taking care of any maintainence and wouldn't BS me, but he hasn't told me much about the cars in general.
2) Were there overwhelming problems with the E34 M5 that I should know about?
3) What should I look for (good or bad) when I look at a prospective buy? Most of these cars that I have found are a bit of a distance away and my mechanic won't come with.
4) How many miles are too many on the engine and when do they require rebuilding or replacement? Along with that, what could I expect to pay to have an engine rebuilt or replaced?
Any help and advice is much appreciated.
| Originally posted by rojo412@Nov 5 2004, 08:24 AM |
Holy crap! That is a lot of money to rebuild one. Is there any explaination why?
There are 2 that I have my eyes on. One has very little detail on Autotrader and is $12k. It's been on for a long time. I'd have to call the guy for details, which I plan to do when I get the go-ahead from the bank (waiting for a home equity loan and a car is part of the loan). I think I'd actually be able to get it a bit cheaper, that's why it seems tempting.
The other is $12,500 and it's a bit of a haul to get there, but it's for sale from a motorsports dealer. It was "enthusiast owned" and has 140k on it, but looks very well taken care of.
The reason I have always loved the M5 is the fact that they are rare and a sleeper. I'd like nothing more than to have a "family sedan" that can beat just about any car on the highway. Plus, it's not like a 540i (which is another consideration) which everyone has... it's an M5. No one has an M5 (as far as I can see) here in Cleveland.
So now more questions:
1) Can this car be a daily driver without encountering too many problems or expenses?
2) If all is well with the engine (records look good and such), even at 140k, is the only real maintainence going to be scheduled fluid changing, standard stuff (tires, brake pads and rotors, bushings), and keeping an eye on things or is it going to be a lot of part replacing?
And if the M5 seems a bit lofty, what about this:
Getting a newer 540i for less, tweaking the performance parts (chip, exhaust, other parts), and settling for a tweaked car that may kick some ass. Granted, I am not wanting to do this because everyone has this car, they are all automatic and not sporty and I'd just be modifying it, but they are readily available, less miles and less expense, and get fairly close numbers according to Edmunds.
Anyone have thoughts on that?
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