E61 M5 Touring.......Deal done!!

[bss325i]

For E6x's and Alpina B5 is better car in many ways than an M5.

[Blitz]

This would have been good.
http://www.ebay.com/itm/321929564405?redirect=mobile

[Gert_8]

Blitz, that's not stylish. I'm disappointed in you, as you are usually a very stylish chap!

[kieran325]

My guessing is Kieran doesn't want another classic, more an intersting usable toy.

100% spot on. Sums it up peferctly.

[bss325i]

F uck it Kieran, you only live once and if you can afford it then why not.

The E61 M5 is a serious car and although not brilliant, the SMG box is not the worst of its kind in practice. Perfectly ok when on a charge and not that much of a pain when pottering about.

They handle well, are ballistically quick and the touring is relatively rare with only around 700 odd sold in the uk so hold their money better than saloons.

[DanThe]

The only thing I like about an E61 is it goes around a corner properly, unlike the previous 5 series tourings

[Simon13]

are we open to suggest with your 25k budget?!

Sytners nottingham had an alpina blue F31 Alpina D3 touring bit more than 25k but 350bhp and 516lbs means no one is getting away from it quick on the roads.

[kieran325]

Man maths -

My E46 goes to the wife, I'll still own it but she'll run it ie tax and insurance so I'll be driving that too. Saves me a years road tax.

The E30 touring will be going anyway so that saves me a years tax, insurance and MOT which probably equates to £500.

The M5 will cost £505 a year to tax and £480 insurance.

I can put the fuel through the business but to be honest I'm not that bothered.

There's only 222 rhd E61 M5's so I'm hoping they will bottom out then steadily creep up in terms of rarity and value.

[kieran325]

Good suggestion Simon but the M5 does something for me.

Like I say - I want the car but I don't need it. If that makes sense ?

[bss325i]

222? I thought it was more than that. Even better then!

Simons suggestion is a good shout but it's a diesel.....

[kieran325]

http://www.bmwmregistry.com/model_faq.php?id=21

I could be wrong.

[Gert_8]

The heart wants, what the heart wants. My thoughts are: you're going into this with your eyes open. Your gut instinct is also correct (numbers around and appreciation over time). The misses is not a consideration as she is happy and you can afford it.

Based on that, it would be on my drive, provided the dealer responds positively.

[kieran325]

The wife likes it and she's happy that I'm happy. She knows I'm not stupid and trusts my judgement which ever I decide so I'm not going to get grief if it shits itself on the drive and I'm left picking the pieces up.

I'm 40 next year and I'll be more than happy to roll around in it for the next 10 years then park it up with the others and hopefully see a nice return if cared and looked after, which it will with me.

[kieran325]

My biggest fear is that I've had an extremely good run of luck with cars that I don't want this one to let me down spectacularly and cost the earth.

That's what's holding me back in all honesty.

[kieran325]

This is the deal I want and I've put on the table -

25k with 2 years Comprehensive warranty through the dealer and also a good will discount for future servicing etc.
Also the clutch and flywheel to be replaced under warranty in the new year with no questions asked.

They're offering -

26k with 2 years warranty and possibly a good will gesture for future services, but I want that written down and honoured for as long as I have the car.

Is that fair?

[bss325i]

They won't play ball on the clutch and flywheel as through a dealer, replacement is over £3k now!

*Labour isn't much, 5-6 hours book time but my record with an apprentice helping me 2 hours with no corners cut! But parts prices from BMW are a joke!

An E46 M3 SMG clutch is much more of a ball ache to do thus takes longer.

Luckily ECP sell the same parts but in a LUK/Sachs box for less than a grand.

Make sure their offer is a comprehensive warranty with zero excess not some drive line warranty with a high excess.

[kieran325]

Yeah he's told me the dealership won't do the clutch and flywheel as it eats into their profit, so it would be done under the warranty as soon as through the dealer.

I'm firm with 25k and 2 years full comp warranty.

How many idiots are there that's going to walk in and buy a 18mpg / £505 road tax car 2 weeks before Christmas!

[bss325i]

Very true. It's certainly no 2 year old 120d M sport!

[Andyboy]

There's only 222 rhd E61 M5's so I'm hoping they will bottom out then steadily creep up in terms of rarity and value.

Good luck with that!

E34 Tourings are still worth the same as a base model Corsa and they're 20 years old. V10 M5's will never be classics - they are too complex, too fragile and the parts costs are insane. When the engine knocks a big end out, there will be no regrinding the crank and sticking a set of shells in - it's £3500 for a crank.
They will get down to a few grand, and then as they shit themselves one by one, will dwindle to nothing because nobody will be fixing them. When they're worth £5000 (not long now) it will only take one mechanical tragedy to make the car economically unfixable.

The only way to run one and get it out of your system is to buy with 2 years warranty (and good luck with that as well), run it for a year, and chop it in. If you can stomach £5000 for a year's motoring, then i guess you need to do it just to say you had one.

This IS a BMW warranty isn't it? Bear in mind the clutch is not covered!

[kieran325]

Yes it's a BMW warranty and I will be checking the fine print.

Casting doubt now Andy

[bss325i]

Andy is correct by the way, a clutch is not covered by an AUC or insured warranty.

[kieran325]

I'll ask more tomorrow regarding the warranty cover and what it will cover re clutch and flywheel.

I wouldn't be happy be pupped and dry bummed for a new clutch out of my pocket

[pacerpete]

Stick with your initial bid. These are rare (and MUCH cooler /better than the nasty saloon) but the victim pool is tiny and it is strong money for an 8 year old hush Puppy grey turd with a tragic gearbox

[kieran325]

I've emailed him and laid out the deal I want -

2 years comprehensive (all components) warranty with £100 excess
2 years breakdown cover
Clutch and flywheel replaced

All for £25,500 - I've slipped the extra 500 in cos the wife said I was a tight bastard and to give him some slack!

If he doesn't bite then I haven't lost anything, if he does then I'm on my way to M5 ownership!

Wish me luck........

[glenn]

I wish you good luck kieran

not a great deal of love here for it, although I suspect if you'd asked the same question on another forum, you might of got a different answer.... so many haterzz, even though I suspect only a handful have any true experience of v10 ownership.
I have found the engine to be truly epic

the vanos oil pipe leakage, I think was only on early engines and was revised by the year of your motor.?

if the smg3 became too much of a pain for you, you could always fit a manual box

[kieran325]

I'd be happy with a standard auto pussy I know!

I've got nothing to lose or I gain an M5 on my terms........

I'm 40 next year and the wife said treat yourself and fvck it if it goes wrong

[B7]

I wish you good luck kieran

not a great deal of love here for it, although I suspect if you'd asked the same question on another forum, you might of got a different answer.... so many haterzz, even though I suspect only a handful have any true experience of v10 ownership.
I have found the engine to be truly epic

the vanos oil pipe leakage, I think was only on early engines and was revised by the year of your motor.?

if the smg3 became too much of a pain for you, you could always fit a manual box

The engine isn't the main issue with any petrol e60/1. It's the rest of the car that's shite compared to previous models.

[glenn]

fair comment trev,
I've no real experience of the chassis, only the motor.

[bss325i]

The motor is indeed epic. I was tempted by an interlagos saloon that came through work which had some recent big bills for the usual issues but something better came along.

[glenn]

but something better came along.

and we're still awaiting some pics

[Gert_8]

but something better came along.

and we're still awaiting some pics

If it isn't a decent Ferrari I'm going to be pretty p issed!!

[bss325i]

but something better came along.

and we're still awaiting some pics

If it isn't a decent Ferrari I'm going to be pretty p issed!!

The only Ferrari's that I would like are a 288 GTO or an F40.

The rest are either too old or wan ker chariots!

[bss325i]

but something better came along.

and we're still awaiting some pics

In time.

[kieran325]

Latest update.....

Hey Kieran,

I've had a chat with my manager and he has had a chat with the service manager.

Regarding the clutch and flywheel, we won't be replacing it at 50k, it would only be replaced on the warranty if it was due to manufacturing defect rather than wear and tear.

The ECU's we can't move those parts, the car has been been through the full BMW Approved Used Car check which we are more than happy to provide you with a copy for your records.

We can do the car at £25,500 with a 2 year warranty and 2 years roadside assistance. There is no excess to pay on it.

For the servicing costs, our service manager has said he will put the on the value line service scheme which will discount your labour and parts rates.

I can't do anything further on the car so we are really at the point now whether you would like to purchase it or not.

If you would like to go ahead with it we can take a £500 deposit to take the car off sale.

Thanks,

[daboy3000]

Just buy it!


There you go, was that what you needed?

If you didn't want it you would have moved on ages ago. Its going to cost you a fortune to run anyway, so what's another £5k for a clutch if it needs one!