Please talk me out of killing myself, M5 as first car!

Sone · 7 Apr 2006 at 21:28

Been looking around and i think you can get a decent e34 m5 for around £5k and insurance is strangely only around £2k.

Can people please quote running costs and other horror stories to stop me from buying one and stacking it jez style!

James_N · 7 Apr 2006 at 21:29

good luck insuring it

/edit, cheapest M5 on autotrader is £4k. Im not up on BMW's but £2k for an M5?

Sure its not a CAT D or something?

Fox will probably be along shortly to offer more advice.

Sone · 7 Apr 2006 at 21:29

James_N said:
good luck insuring it

checked, got quotes 2k to 2.5k from 5 companies

Joe T · 7 Apr 2006 at 21:30

James_N said:
good luck insuring it

I think you mean good luck running it!

Repairs wont be cheap

benneh · 7 Apr 2006 at 21:30

Running costs are cheap, after all it's built with the reliability of the BMW,and tbcfh i can't think of a better car as a first. If you think about it really the extra power and the RWD will turn you into a very good driver. I would deffo go for it.

Rednut05 · 7 Apr 2006 at 21:30

Peeps will say, rear wheel drive car will be a bad choice for 1st car and insurance, running cost etc.. will be high and its a stupid choice.

Personally I say knock yourself out my son. I'd be proud.

James_N · 7 Apr 2006 at 21:31

Joe T said:
I think you mean good luck running it!

Repairs wont be cheap

Bit of both really

Id wait till you have a bit more driving experiance. Hell you could buy a nice (mondeo for instance) and insure it, for less than the insurance on the M5 alone.

benneh · 7 Apr 2006 at 21:32

Yes but how's he ever going to learn to drive properly in a mondeo?.

James_N · 7 Apr 2006 at 21:32

er....like most people wait till hes a bit older?

No offense but remember Jez+MR2 turbo

thats why.

(think it was you Jez, apologies if not)

/Edit: I know after passing my test, i was in no way shape or form ready for that sort of power. I would have stacked it easily.

Now ive had 4 odd years of experiance, im a much better driver. I guess what im trying to say is common sense should prevail, and wanting an M5 as a first car isnt really common sense.

But good luck to the lad, if thats what he wants, go for it. I'll wait for the "Ive crashed" post

Also, is that 2.5k TPFT or FC?

Firestar_3x · 7 Apr 2006 at 21:33

benneh said:
Yes but how's he ever going to learn to drive properly in a mondeo?.

You can't, i mean learning road craft simply can't be done unless the car has 300bph and 6 turbos

benneh · 7 Apr 2006 at 21:33

But the earlier he dies the prettier the corpse?.

Firestar_3x · 7 Apr 2006 at 21:34

benneh said:
But the earlier he dies the prettier the corpse?.

Depends which end goes through the hedge first.

benneh · 7 Apr 2006 at 21:35

Almost always the rear end.

Firestar_3x · 7 Apr 2006 at 21:37

Then you have to consider the ball of flames and fence post factor....

Just to clear things up, Sone have you processed this any further than OMG M5?

Sone · 7 Apr 2006 at 21:38

James_N said:
But good luck to the lad, if thats what he wants, go for it. I'll wait for the "Ive crashed" post

Also, is that 2.5k TPFT or FC?

Third party, got a big payrise this year so not too woried about losing the money, just worried about injuring myself.

Firestar_3x said:
Just to clear things up, Sone have you processed this any further than OMG M5?

not really, but it was killing me to think of spending 2k for a fiesta + insurance when i can get a dream car for £7k ish?

benneh · 7 Apr 2006 at 21:39

I am of course joking (barring the mundano comment).

Sone- It will cost you a fortune to run, in petrol most likely, but definately in repairs. And most likely you will kill yourself. Get a few years driving something a bit more forgiving, and that doesnt mean buy something that is so slow it's painfull, you could buy something like a 323/325 e36. Lovely cars, regardless of fox's opinion

. And would definately keep you amused for a year or two.

James_N · 7 Apr 2006 at 21:40

Sone said:
just worried about injuring myself.

Then why buy an M5 as a first car.

Your thread title, and worrying about injuring yourself, surely doesnt give anyone (yoruself included) much confidence in your driving ability if even you think your gonna stack it.

and £2.5k for TPFT only

if thats what you want.

/edit - surely an M5 for £2k would be worth £2k for a reason. How much work does it need doing.

Firestar_3x · 7 Apr 2006 at 21:41

Yea its really not the right thing to do mate, it will cost you a fortune to run, your best off waiting and getting a proper M5 later on

If you have enough money get yourself a nice car for the same price as that old M5, it can still be RWD but just not as mental

TinkerBell · 7 Apr 2006 at 21:43

I think the best thing to do would be to get a nice 2k car (like a mondeo) for at least a year, and put the extra cash into a saving account and make interest on it

Then you can get an M5 in a year if you still want one, with 1 year NCB (we hope!) cheaper overall i think

Freefaller · 7 Apr 2006 at 21:45

Get some miles under your belt, get some driving experience in all sorts of conditions. And then do some advanced driving, and then you can start thinking about a powerful car. Don't be silly and bite off more than you can chew. Admittedly I don't know you and you could be very level headed and drive it very maturely and modestly - if that's the case, go for it... however for that price aren't you going to get a bit of a lemon? Why not buy something a bit newer for the money and get something funky when it's more affordable, and when you're less worried about stacking it?