Question about the M5 and M3

Vanilla · 7 Apr 2006 at 22:17

Sorry to start another thread.

I've been noticing that the M5 2000-2003 can be had for around 15k at times.

Yet the M3 from the same time period is often 20-25k. They are starting to hit 15k now.

Anyway, is the fact the M5 cheaper because of some kind of higher depreciation or simply the fact that it is now the old model because there is a new one out.

On the topic of the new M3, when is it planned to be out? Pics?

NickXX · 7 Apr 2006 at 22:21

Same is true of the e39 (5 series) and e46 (3 series) in general. An e39 will cost less than the equivalent e46.

Don't be fooled by the cheap purchase price though, M5's cost a fortune to run. I imagine M3's will be a fair bit cheaper to be honest, but have no evidence to suggest that, I assume someone will have some though.

[TW]Fox · 7 Apr 2006 at 22:42

The M5 was available for two years before the M3 was. The cars you can see for less than the M3 is available are pre-facelift models - remember, the M5 appeared in 1999 on a T plate.

Plus its uber.

spoonz · 7 Apr 2006 at 22:46

check out the servicing costs on M5 and price of consumables.

Supercar may come cheap but maintaining them never is!

Ev0 · 7 Apr 2006 at 23:28

M3 is also arguably more desirable than the 5 hence commands a higher price?

[TW]Fox · 7 Apr 2006 at 23:40

Except it isn't any cheaper.

51 plate M3: £22k from a dealer
51 plate M5: £24k from a dealer

Like I said, the only reason you can buy an M5 for less is becuase the M5 ran for 2 years before the M3 was introduced. It's that simple, so stop guessing reasons why an m5 the same age is cheaper, because like for like this isnt the case.

benneh · 7 Apr 2006 at 23:51

[TW]Fox said:
Except it isn't any cheaper.

51 plate M3: £22k from a dealer
51 plate M5: £24k from a dealer

Like I said, the only reason you can buy an M5 for less is becuase the M5 ran for 2 years before the M3 was introduced. It's that simple, so stop guessing reasons why an m5 the same age is cheaper, because like for like this isnt the case.

Is it because it's bigger?.

olv · 8 Apr 2006 at 00:30

it's cos it's got 4 doors and everyone knows 2 doors > 4

NickXX · 8 Apr 2006 at 00:31

olv said:
it's cos it's got 4 doors and everyone knows 2 doors > 4

4>2 actually tbh.

[TW]Fox · 8 Apr 2006 at 00:32

IT ISNT CHEAPER!

cymatty · 8 Apr 2006 at 00:34

[TW]Fox said:
IT ISNT CHEAPER!

Ture, the M5 loses more money as its list price is 10k more than the m3.

TomO · 8 Apr 2006 at 10:55

in my experience its about the same price for cars over a couple of years old, which is pretty good considering M5 was c.60k and M3 was c.45k depending on options. i think the M3 is more desireable hence the lower depreciation.

servicing costs are very similar between the two cars. in fact i think one of the inspections on the M5 is cheaper than the M3. petrol is going to be worse on the M5, but otherwise i dont think there is a huge amount in it.

fox - there are not many E39 M5 at BMW dealers and they seem to think they can charge silly money for them (look at hexagon in highgate for a prime example) if you look private its a different story.

i picked mine up for £8k less private than hexagon were asking for a similar spec car but with no aftermarket modifications.