E60 Discussion Anything and everything to do with the E60 5 Series. All are welcome!

2006 E60 M5's are selling in the mid to high $40K range

Thread Tools
 
Search this Thread
 
Old 06-26-2008, 05:16 AM
  #21  
Senior Members
 
jmsod's Avatar
 
Join Date: Jan 2008
Location: Mount Laurel, NJ
Posts: 516
Likes: 0
Received 0 Likes on 0 Posts
Default

A ton of depreciation, but also high gas prices are bringing the prices down even further. Not a good time to be selling a v10 performance sedan that gets about 10mpg.
Old 06-26-2008, 05:22 AM
  #22  
Contributors
 
Brit_in_NJ's Avatar
 
Join Date: Apr 2008
Location: New Jersey
Posts: 2,596
Likes: 0
Received 0 Likes on 0 Posts
My Ride: '05 545 Titanium Silver, Black Leather - Nav, Logic 7, Cold weather. Mods: Carbon filter removed. M5 iDrive knob. Umnitza license plate LEDs. MP3 40% 3M tint ACS Anti-Roll(sway) bars RPI Scoop G-tech Pro RR CF Roundels CF Wheel caps
Default

Originally Posted by E60BEEMER' post='610422' date='Jun 26 2008, 09:00 AM
fuk me (pardon my french)

BUT THATS LIKE ?20K OR LESS, Thats like being half price if compared with the God damn UK Prices!!!!
Yep...makes you want to move doesn't it!
Old 06-26-2008, 05:36 AM
  #23  
Contributors
 
1esquire's Avatar
 
Join Date: Jan 2007
Location: Midwest USA
Posts: 546
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2009 DINAN 135 convertible
Default

Originally Posted by UUronL' post='610417' date='Jun 26 2008, 08:49 AM
Performance cars like M5s are really taking a hit because so few people are indulging with purchases like that now.

tell me about it... I have been watching the prices on used Lotus Elises, and they are falling through the basement. You can get ones with less than 10k miles on them in the $29k to $32k range. If I can hurry up and get my 5 paid off, I will start looking for one.
Old 06-26-2008, 06:02 AM
  #24  
Contributors
 
tachyon's Avatar
 
Join Date: May 2005
Location: Chicago, IL
Posts: 1,986
Likes: 0
Received 0 Likes on 0 Posts
Default

You want to see depreciation? How about this 2006 550i for $24,495? Ouch.
Old 06-26-2008, 06:13 AM
  #25  
Senior Members
 
s4iscool's Avatar
 
Join Date: Aug 2007
Posts: 506
Likes: 0
Received 0 Likes on 0 Posts
My Ride: E90 330i + E60 550i
Default

anybody can post anything, esp scummy dealers trying to bait and switch people. Ended ebay auctions dont mean anything, and Id venture to say that more than 50% of "sold" cars on ebay, fall through.
Old 06-26-2008, 06:31 AM
  #26  
Contributors
 
tex_phil's Avatar
 
Join Date: May 2008
Location: San Antonio, TX
Posts: 5,895
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 04 525i, 04 Dinan M3
Default

Originally Posted by 1esquire' post='610439' date='Jun 26 2008, 08:36 AM
tell me about it... I have been watching the prices on used Lotus Elises, and they are falling through the basement. You can get ones with less than 10k miles on them in the $29k to $32k range. If I can hurry up and get my 5 paid off, I will start looking for one.
Before I got mine I was looking at a Elise for sale, he was asking $26k! It had 24k miles, it was mint condition to. I wanted to get it so bad, but insurance would be like $600 a month for me on that thing.
Old 06-26-2008, 07:49 AM
  #27  
Contributors
 
miguex's Avatar
 
Join Date: Dec 2007
Location: Calgary, AB - Canada / Buenos Aires - Argentina
Posts: 1,706
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2006 BMW M5
Default

Originally Posted by tachyon' post='610447' date='Jun 26 2008, 08:02 AM
You want to see depreciation? How about this 2006 550i for $24,495? Ouch.
That is damn good price..... Is BMW falling the reputation? It seems converting as a domestic car!?
Old 06-26-2008, 07:59 AM
  #28  
Members
 
Yonkers's Avatar
 
Join Date: Apr 2008
Posts: 12
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by tex_phil' post='610199' date='Jun 25 2008, 10:09 PM
Holy **** look at this.
http://tinyurl.com/5vctd2
http://tinyurl.com/5t5v6g

You guys weren't kidding!
Someone buy that 06 for 40k!
Pretty sure it's a scammer. Same guy (using same zip code around Dallas) posted a few months back when I was still looking. I recognized the picture he posted as one from a Denver Exotic Car dealership. He's just taking people's pictures and posting them. He will post about 9 of them and when you ask for more he'll send you the rest he stole from someone else.
The last time he had his accounted listed as in Dallas but his phone number was in Arizona and the car description showed California. Not only a scammer, but a bad scammer.
Old 06-26-2008, 11:07 AM
  #29  
Members
 
SteveNotto's Avatar
 
Join Date: Jun 2008
Location: East Midlands,England
Posts: 77
Likes: 0
Received 0 Likes on 0 Posts
Default

In the UK an M5 is depreciating like a stone.

This car

http://www.bmw.co.uk/bmwuk/auc/car_details...SNB92010CU17295


with that spec would have cost about ?74,000 ($150,000) new in December 2005 and is now for sale at ?39,000 ($78,000) -Ouch ! A big loss over 30 months.

Old 06-26-2008, 12:26 PM
  #30  
Contributors
 
poleposition's Avatar
 
Join Date: Feb 2005
Location: NY
Posts: 2,075
Likes: 0
Received 0 Likes on 0 Posts
Default

Repairs on an M5 not under warranty are very pricey. This could be a contributing factor to the low prices in addition to the gas price issues mentioned here.


Quick Reply: 2006 E60 M5's are selling in the mid to high $40K range



All times are GMT -8. The time now is 10:34 PM.