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Unread 2016-10-05, 09:01 PM   #1
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Default When your set on 1 car and 1 car only. Your dream car. How do you buy it?

Example: I'm on the hunt for a E39 M5 via M5 boards and car dealers. Just having a tough time finding the right one for me. Color, mileage, condition, service records and modifications. This will be a car I'll hold onto for a long time so I want it right and afraid to jump the gun on one.

1 local came available and it's immaculate example but no service records. Minus a small dent on the hood. All stock, interior literally perfect, brand new tires. Cleaner than ones with records and enthusiast owned. One of the color combos i was looking for too....a Sterling Gray Metallic.

Not sure what to do....

Thoughts?

The one I found local in North Carolina. Highly recommended dealer who sells all types of exotics.





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Unread 2016-10-06, 12:17 AM   #2
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Do it!!

What's the mileage at?
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Unread 2016-10-06, 01:10 AM   #3
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Kind of get the sense of "pay up sucker". I had a friend that had a E39 M5 and it was great, but damn he paid a lot to maintain and fix it for three years.

I think it's a bit odd that the dealer hasn't pulled the dent. Given how nice the car looks, why risk loosing a sale with a dent like that. It makes me think it's in some spot that can't be pulled OR the dent has already been repaired and that's the best that could be done.
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Unread 2016-10-06, 03:57 AM   #4
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On a car like that, I'd pass.

It's not like it's a domestic and, for the most part, repairs are reasonable if somethings lets loose.

Have you run a car fax AND autocheck? When I bought my DD, I bought it from a dealer, but it had no records with it. But with both of those reports, I was able to piece together enough service history and verify work that had been done (most importantly the timing belt and water pump on time) that I was ok with my purchase. Granted, it was a Lexus, and not a performance German car.

good luck.
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Unread 2016-10-06, 04:24 AM   #5
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120k miles on this one which is higher than the ones I was looking at on the forums. Dent would be requested to be PDR.

Here is the link to their webpage.

http://cosmo-motors.ebizautos.mobi/d...photolist=true

http://cosmo-motors.ebizautos.mobi/d...-15565787.html

I'm fully aware of the maintenance and accept the time, effort and money it will take which is one reason I'm still leaning towards purchasing one with full records.

Examples with 70-80k miles, enthusiast owned, binder full of records are going for 18-22k on the M5 board.

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Unread 2016-10-06, 06:00 AM   #6
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Ownership history and service history is pretty much how I buy a used car now. Being an older car i would only look for maybe 2 previous owners at the max, and a stack of paperwork.

I would pass.

An example from them is this car.

http://www.cosmomotorsonline.com/det...-15479039.html

I am in the hunt for this exact car, and would buy this one IF it hadn't come from maryland and had black interior. The service records are spot on even with the higher miles.
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Unread 2016-10-06, 06:51 AM   #7
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Quote:
Originally Posted by 6-Bolt2g View Post
120k miles on this one which is higher than the ones I was looking at on the forums. Dent would be requested to be PDR.

Here is the link to their webpage.

http://cosmo-motors.ebizautos.mobi/d...photolist=true

http://cosmo-motors.ebizautos.mobi/d...-15565787.html

I'm fully aware of the maintenance and accept the time, effort and money it will take which is one reason I'm still leaning towards purchasing one with full records.

Examples with 70-80k miles, enthusiast owned, binder full of records are going for 18-22k on the M5 board.

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I mean, it really comes down to what you're looking to pay for it, relative to the other examples you mention on the forums.

Is it worth the savings over a car with a service history? In all honesty, it's a 13 year old car with 120k+ on it, that's got a rep for being pricey ownership.
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Unread 2016-10-06, 08:10 AM   #8
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I am not sure what type of routine maintenance these needed, but if it is like some of the other cars that require a few grand ever 10k-20k miles and it isn't something that could be learned from a normal inspection, then I would expect a decent discount as I would plan on performing those services.

That said, I would run a carfax/autocheck. If it is a local car, I may run it by the BMW dealer (or if there is another popular shop in town that services these types of cars) to see if they have any maintenance history on the car. It is an outside shot, but you may be able to get lucky that way.
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Unread 2016-10-06, 08:37 AM   #9
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I'm waiting to hear back from a member on M5 board with almost the same car. Same color, roughly the same miles for $18k.....it's just in Beverly Hills, California.

Road trip!

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Unread 2016-10-06, 08:44 AM   #10
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for repairs, look up Georges Imports in Martin City. Really great shop that specializes in Bavarian cars. Their work is top notch, and WAY cheaper than Baron.

If the car has been maintained at a dealer, you should be able to call up to a BMW dealer and give them the VIN to see about service history, right? Might be worth looking into for a car without paper receipts if the owner sounds legit and honest.

I've always liked the e39 m5. Good luck finding the one you want!
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Unread 2016-10-06, 09:11 AM   #11
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Quote:
Originally Posted by Keboh View Post
for repairs, look up Georges Imports in Martin City. Really great shop that specializes in Bavarian cars. Their work is top notch, and WAY cheaper than Baron.

If the car has been maintained at a dealer, you should be able to call up to a BMW dealer and give them the VIN to see about service history, right? Might be worth looking into for a car without paper receipts if the owner sounds legit and honest.

I've always liked the e39 m5. Good luck finding the one you want!
Not in Missouri anymore, just recently moved to North Carolina. I'm in process of finding a proper BMW guy in my area. I'm not afraid to work on it by any means but need a source for info.

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Unread 2016-10-06, 09:27 AM   #12
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I've always thought these were badass, and was recently reminded of them when Motor Trend did the new Chevy SS test and compared it to being the first true sport sedan since the E39 M5.

But, for that money I'd be buying a C5Z. Obviously, apples to oranges.
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Unread 2016-10-06, 09:32 AM   #13
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When you're talking about a car that is at minimum 13 years old, personally I don't think 20-30k miles is that big of a difference. Lower mileage ones that have sat more could have just as many problems.

I would budget on any car you get to do every stitch of maintenance that is needed on those cars and worry less about mileage, especially if resale isn't a concern.
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Unread 2016-10-06, 01:09 PM   #14
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Unread 2016-10-07, 09:16 AM   #15
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Most dealers dont end up with the paperwork documenting maintenance from my experience. That reason and inflated prices keep me from buying from them. I realize a niche car is often difficult to find so you have to buy where you can. I would rather pay a premium, smaller than dealer, and biy froman owner who I can talk to. You can tell so much just by speaking to someone who owned the car and has records. Dealers big or small will eventually do anything or say anything to make a sale.

Cliffs:
Hold out and buy from a long term owner.
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Unread 2016-10-07, 11:47 AM   #16
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Quote:
Originally Posted by Squeaky192 View Post
I've always thought these were badass, and was recently reminded of them when Motor Trend did the new Chevy SS test and compared it to being the first true sport sedan since the E39 M5.

But, for that money I'd be buying a C5Z. Obviously, apples to oranges.
Interesting.

Would have thought the V1 might have been in front of the Chevy SS.
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Unread 2016-10-07, 02:34 PM   #17
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service records on an E39 M5 are kind of like toilet paper imo. you can have binders full of receipts and still not fixed the car.

just have it inspected by a tech with an intimate knowledge of that particular engine/chassis and don't worry about finding one with the right mileage.
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Unread 2016-10-07, 04:16 PM   #18
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PPI and be happy.
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