Used 06 M5.
#11
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My Ride: E60 M5, F85 X5M
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I only got it about a month ago and have not had to use it yet...knock on wood. Mine's a June 2006 built car. No major problems yet, again, knock on wood. Only thing was iDrive went black on me a few times so they recently upgraded the software.
#12
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Bought an 06 with 47K on on it about 6 months ago. 9/06 build, smg has no issues at all. Bought a Fidelity warranty, 3/36K miles form a bmw dealer. Warranty was 4500, but covers smg issues, high end electronics, basically same as cpo warranty minus the maintenence items.
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My Ride: It's an E60 545I 6 speed.
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All be damned. didn't realize this was a widespread buy back issue. I'm looking at an 06 that was a lemon law buy back right now due to smg failure. Supposedly BMW repaired the issue, and there's a warranty on the transmission. Should I run away from this car though? It's just over 50k miles, and just over $30k
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My Ride: E60 M5, F85 X5M
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All be damned. didn't realize this was a widespread buy back issue. I'm looking at an 06 that was a lemon law buy back right now due to smg failure. Supposedly BMW repaired the issue, and there's a warranty on the transmission. Should I run away from this car though? It's just over 50k miles, and just over $30k
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If this was a few years ago when this car was newer, I would say don't buy it cause it'll affect your ability to resell the car down the line. But now that it's towards the end of it's life cycle and being so relatively cheap, I don't think resell value is of any concern to you right? If it's not, I'd buy it in a heart beat. Great price and like you said, there's a warranty on the transmission.
#17
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My Ride: 09 M5 (E60) Interlagos blue, Silverstone interior, with cold weather package. Adaptive Xenon headlamps and adaptive brake lights, hud, comfort access. Comfort seats, basically fully loaded.
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Bought an 06 with 47K on on it about 6 months ago. 9/06 build, smg has no issues at all. Bought a Fidelity warranty, 3/36K miles form a bmw dealer. Warranty was 4500, but covers smg issues, high end electronics, basically same as cpo warranty minus the maintenence items.
#18
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Dude i called rallyee bmw this morning and they told me that they would sell fidelity warranty for 7k and it does not cover smg issues.. i was shocked.. Man how can i find out what serivce has been performed on this vehicle? Rallyee's did all the services to it.. but they wouldn't tell me anything since i haven't purchased it yet?.. how can i find out whether Smg was fixed before or not? And also where can i get it checked out before buying? and any other issues i should know about an 06 M5?
$7k for a warranty that will not cover SMG is highway Robbery!
I myself would never by an M5 knowing it had transmission issues in the past.
And the Note about resale value, does everyone think these cars will hold their value steadily in the low to mid 20's for the quite some time (3+ years) assuming mileage is fairly low i.e. under 60,000
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My Ride: E60 M5, F85 X5M
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$7k for a warranty that will not cover SMG is highway Robbery!
I myself would never by an M5 knowing it had transmission issues in the past.
And the Note about resale value, does everyone think these cars will hold their value steadily in the low to mid 20's for the quite some time (3+ years) assuming mileage is fairly low i.e. under 60,000
I myself would never by an M5 knowing it had transmission issues in the past.
And the Note about resale value, does everyone think these cars will hold their value steadily in the low to mid 20's for the quite some time (3+ years) assuming mileage is fairly low i.e. under 60,000
Shezmon, I don't see any reasons why they wouldn't give you the service history of that car. See if you can get the VIN and call another BMW dealer or maybe post a thread here to see if someone has connections at a dealer that can run the service history for you.
VTGT, I'm fairly confident these cars will hold their value in that low price range or possibly even gain some especially because this is probably the last normally aspirated M engine; and a V10 at that.
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After I found out about these lemon buy backs, it makes sense why some '06s listed are soo cheap on the web.