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06-13-2006 10:10 AM #1
High mileage '00: Worst case scenarios?
I've been driving an '02 M3 for the last two years and love it. But as I'm getting married soon, I've been looking for more practical transportation at a lower price point.
A local dealer has a traded-in '00 M5 with 97k miles. I've test driven it and it seems to be in good condition. I will, of course, take it in for a pre-purchase inspection.
And, yes, I realize that there are many more reliable and financially responsible options, but I'd like to consider the option of staying in an "M" (without downgrading to an E36).
I've searched the archives and I'm aware of typical problems with this car. My question is: assuming a thorough inspection before purchase, how likely am I to encounter an absolutely catastrophic problem in the next two years or so? One that won't be caught early enough to fix and prevented by careful maintenance?
The dealer is asking for $28k, but I'm positive that the price can come down substantially. I'm willing to pay for the requisite maintenance of this high-mileage, high performance vehicle, but I don't want to take on too much risk in terms of complete engine/transmission replacement, etc.
Should I run away? Or could this be a viable "budget" M5?
Thanks in advance for your advice,
06-13-2006 08:55 PM #2
06-14-2006 10:04 AM #3
06-27-2006 03:07 PM #4
- Chicago, IL, United StatesMember No: 21055
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- Dec 2001
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Re: High mileage '00: Worst case scenarios?
Got mine at 64k miles, now over 81K. Love it.
Just curious, what's your list of the "usual issues"?
I think if you perform the regular maintenance, and if you really want a new car feel, plan to change out entire suspension components and spend couple grand on all the bushings down the road, it's a good buy.
Oil consumption can be a pain if you are not used to it, but it's no big deal.
All the parts for maintenance, including brake rotors, are expensive, but I'm lucky haven't had to do that.
MAFs go bad quite often it seems, I'm still OK after getting a set.
Cap sensors seem to go bad often, they are about 500 bucks at the dealer to repair.
One wheel sensor and one O2 sensor went as well, but not exactly horrible problems to have.
Tires are not cheap either. Anything I've missed from your list, pls share so I can plan ahead on the upkeeps of this car. Yes, not financially the best option, but when you are in the driving seat, you'll know that life is too short not to enjoy this car... :-)
E34 '94 525ia 160k mi
E39 '00 M5 80k mi
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