How Much to Fix a Crashed BMW M5?
Ever dreamed of buying an auction car and fixing it up all for a fraction of the price? This guy did it with a BMW M5.
Do you enjoy scouring the classified ads for your next project? Maybe you spend time on Craigslist scrolling through for those deals that occasionally pop up? We’re guilty on both counts. Frequently.
Then, we discovered the world of auction cars. If you avoid the massively damaged cars, you can find some with just the right amount, and type of damage, and get incredibly nice cars for ridiculous prices. Case in point: we bought a 2003 4×4 Isuzu Rodeo for $700 a few months ago. Great winter truck and 4x4s sell easily.
So, what’s the story on this BMW M5? Chris Steinbacher, the host of B is for Build, had a connection to the owner of the car who had purchased it with super bald tires. Apparently, before he had a chance to put new tires on, he rear-ended someone. Steinbacher decided he’d pick the M5 up for $8,000 to go drifting.
They bought the M5 and found someone with a parts car. All the parts you see in the video ran them $1,700. It looked like a hood, radiator, air-conditioning condenser, radiator supports, headlights and no doubt a few other bits. Next was new tires at $600. They got a headlight for it for $800 dollars, because one was pre-facelift and the other was post-facelift. Ouch. The paint job was about $300 in materials, which was made cheaper no doubt by their willingness to spray it themselves. They added a spoiler for $150 and purchased a new radiator (which he got before the parts car appeared) for $350. Grand total: $11,900 for a 2009 V-10 BMW M5 with around 100,000 miles.
What follows is a lot of fun teaching his girlfriend how to drive the M5, some donuts at the beach (the fun kind, not the guilt-inducing sugary kind), and just some good old-fashioned car-fueled adventures. He decided to not drift the car and decided to use it for just normal car things with it. While we’d love to see a mint M5 get drifted, we’re glad he decided not to drift it.
What would you do with a $12,000 BMW M5? Let us know in the forums.
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