Just sold my MY2000 and my total costs for...
out-of-pocket repairs were roughly $16,000. The depreciation was not bad, I only lost about $15,000 when I sold it. I had it for 3 years and 30,000 miles so it cost me $31k overall for the experience. Hope it helps. I've decided to lease a Mercedes for the next 3 years ($850 per month). For less than $1k per month, all in, you can own an M5. That's the number, good luck.
On the flipside, I bought a Ferrari 360 in 1999 for $128k and sold it for $125k last year. I put $15k in repairs/wheels into it. That's quite amazing.
Interesting, so about $1 per mile ownership
I have a running analysis on my 97 M3/4 and I drove it for 95k miles, spent $13k in repairs, upgrades, tires, depreciated about $21k and it cost me $.46/mile. Makes sense that a car twice the cost of the M3 could have twice the per mileage cost to own.
Re: Just sold my MY2000 and my total costs for...
I have a 2000 M5 with 50 k on it. Bought if for $38K in '04 with 41K miles. Have spent $2,000 so far and I love the car. How many miles did you have on yours when you sold it? What types of things did you spend money on?
Question for markincalgary
I live in Toronto and I am thinking of buying a 2002-2003 M5. What kind of costs am I looking at for the following:
-inspection 1 & 2
-general maintenance, etc...