Quote:
Originally Posted by W///
And you are absolutely right, prices have come way back up again. Can't find a clean Imola Red M5 for less than high teens.
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It's the low mileage very well cared for M5s that are selling for a LOT more than a few years ago. One 10k mile Alpine white E39 M5 just recently changed hands for $75k for example. Of course EAG is at the front of pushing the market up on these as they will buy primo cars on the spot. They just recently crossed the $30k barrier for any M5 they sell; so even 70k mile cars are well bid in this market. It's actually a bit crazy right now. If you have a very low mileage E39 M5, it's probably time to let it go into the mania.
I've had mine 11 years, and it has 62k miles on it now, garaged 24/7, never driven in rain, etc, so it presents as new inside and close to new outside. It would probably sell for about 50% more than it would have 5 years ago. Of course the "fear" of owners of pristine, low mileage M5s is that the market really goes bonkers, and these things are changing hands for 200-300% more in a few short years. Just look at what has happened to the formerly neglected, early Porsche 930s in the past year (and numerous other German cars, even stuff like a mid-80s Audi 4000CS Quattro).
Regards,
Chuck