Just checked out m5, need advise
#1
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My Ride: 04 525i, 04 Dinan M3
So I found a M5 locally and wanted to get some advise on it. 06 with 48kmiles with every options. The owner would have BMW pay to verify everything on the car, 1 owner, all records. Belts, sparks, and a bunch of other maintenance just performed. Car is black on black with a race exhaust, fast as shit. He's asking $35k, I can probably get it for $35,500, he is making around $1500 on it, since the guy buys all the stuff from auctions. Showed me the auction receipt. I just can't decide if I want to get myself into payments for years again. I'm 23 now, how much do you think insurance might run me, I'm 200 a month right now on my 525, and I'm calculating maybe my monthly gas bill would double? I'd maybe finance 27k, and can get 1.9% loan.
#5
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My Ride: 2005 545i Alpine White Premium package, Sport package, Nav, HUD, PDC
Damn, you guys are young! Yes, you will pay a premium price for car insurance at your age. If you can afford it and live comfortably, I say go for it. You only live once, and it will be tougher to justify purchasing an M5 if/when you settle down and start a family of your own. Good luck!
#6
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The price is OK, remember the new M5 is coming out next year in US so the prices will drop a bit more.
You need to factor other things, such as repairs and of course your insurance will go up with the M5, call your insurance company prior and get a quote> Remember you need full coverage if you finance. If you decide to buy it, get the extended warranty if I doesn't have one, it will help you on the long run.
Driving an M5 is certainly a pleasure, but it will cost you.
good luck
You need to factor other things, such as repairs and of course your insurance will go up with the M5, call your insurance company prior and get a quote> Remember you need full coverage if you finance. If you decide to buy it, get the extended warranty if I doesn't have one, it will help you on the long run.
Driving an M5 is certainly a pleasure, but it will cost you.
good luck
#7
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My Ride: 04 525i, 04 Dinan M3
Yeah part of the reason why I want to get one young now, I may have a family eventually so I might as well have a fast car. It sounds like I may just need to wait it out a bit and find a deal that leaves no question I'm doing the right thing, like a 2008+ with a full warranty. After riding in the m5 yesterday I'd say it will be worth it when I get one.
#8
don't even think twice... just get an M5 without any foot notes or questions. You can never go wrong with an M5. If it is a 6 speed with a manual clutch - it is even better.
Even More Fun.!!!
it is the Best car you will ever own...[ except if it is a Beand new one obviously ]
Even More Fun.!!!
it is the Best car you will ever own...[ except if it is a Beand new one obviously ]
#9
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My Ride: 2008 550I LOADED, all options except HUD and NV
Damn, you guys are young! Yes, you will pay a premium price for car insurance at your age. If you can afford it and live comfortably, I say go for it. You only live once, and it will be tougher to justify purchasing an M5 if/when you settle down and start a family of your own. Good luck!
+1000 Kaizen stated it perfectly. If you can fit the extra insurance and gas into your budget - do it. I still regret not picking up an E39 M5 when I had the chance and I was single, now? I have to wait until we get our kitchen remodeled
#10
I was looking at an M5 last year when they were more, my insurance wouldn't insure the car :thumbsdown: I'm 22 now and still pay 400+ a month :thumbsdown: I say go for it if it's 6MT