What's the "right price"?

[ches]

I know, I know that the right price is whatever the willing buyer is willing to pay to the wiling seller....but
How much would you pay (no deposit required yet but the winner may get it) for for CA E34 91 M5 with 113k miles silver/gray, no accidents, no body damage, no track time, with brand new SO3's on polished wheels ( throwing stars), SS brake lines, Short shifter, OEM+Dinan+D'Silva chips,new rear shocks with self-leveling, replaced control arms, chain tensioner, oil and water pumps, cam sprockets, guibo.... engine, clutch and transmission are flawless. Receipts from the day one. Maintained not only well - just spoiled.

[JuserM5]

Not my favorite color, so putting that aside, up to $23K. Anything less than that would be a bargain, assuming (and you are assuming) that the seller is telling the truth.

It is a limited production car, with a unique and wonderful engine that was over $70K new. I don't know what else you could compare it to. Clearly not a $24K Honda Accord. Not a '93 M5. If I had to replace mine, I have no idea what else to buy. Clearly not a newer M5.

As time progresses there will be less and less well cared for examples and I just can't see the day where 90% of the sales will be around $10K.

[ThinkFast]

I agree with Joe User. The M5 you're describing almost exactly matches my '91 M5, and there is no way in the world that I would let it go for $9,995. $9,995 is for a high mileage beater M5 that barely runs, and with no records. These are limited production, very unique cars, and granted they are difficult to move in today's highly competitive market, they do still command decent prices if well taken care of. Especially since the well maintained examples are becoming more and more rare. And 113K (mine is 114K) for an M5 really isn't extremely high mileage.

Keep in mind, you'd be hard pressed to find a beat-to-death '95 M3 for $9,995, let alone a well-maintained E34 M5.

I would think a great deal would be $15,000, I think a fair deal would be $16,500-17,500.

[joe blow]

Where did you come up with the 70k number for a new 91 M5? That may be the same way you came up with the 23k for an M with 113k on the clock.

You guys are way out of line here, you will see E39 M5's for that price soon.

As long as the board keeps selling E34's to each other and talking about how great of deal they got I guess 23k works?

Otherwise....forget about it, 23k for a money pit with 113k on it?

[KJK]

Better than $13k for a car that needs $4k worth of work. I think it is in the $17-18k range but that's me. Money pit? Unearned reputation. Having owned one for 7 years and 153,000 miles it isn't true.

Kevin
'91 M5

[joe blow]

I was reffering to the 23k he had mentioned....I have no problem with the 17k to 18k range but not on one with high mileage. Money pit may be the wrong phrase as well, maybe expensive passion would be better.

Bottom line I Love the car....

[JuserM5]

These are the last of the hand assembled cars BMW ever produced for the consumer market. The E39 M5 are massed produced and don't have the history.

Like Ken used to say....they are worth whatever someone is willing to pay for them. There was a relatively small starting number and every year a few more drop off the scene.

I would have loved to have bought mine for $10K, but couldn't afford to put $5K into making it the car I wanted. The extra $$ I paid got me a unique among unique cars that was perfectly maintained and has been trouble free.

I am content with my purchase and still cannot, to this day, imagine what I would buy to replace it.

[blaum8]

rust damage and the paint is original and not too badly pitted.

[KJK]

All those words don't remotely apply to Chester's car. Plus, California cars usually don't have any of that. Rust? What the heck is that? :-)

Kevin
'91 M5

[blaum8]

My bad; I thought CA meant Canada - where they to tend to rust.

[daves745t]

in the hunt and trying to drive down the price. Your price would be accurate only if there was rust and pitting. If the original description is accurate and verifiable, then you'd get half the M5 for $9,995 - and it would be the back half.

[Tom Noble]

$18k or more, especially given the records.

[canderson88]

Guys, guys, guys. Yep, these are special cars but we've all drank the Kool Aid (Jonestown reference here) myself included and therefore may or may not have inflated (?) ideas on values.

[JuserM5]

[JuserM5]