Disagree to an extent.
My old mans e39 528i (1997 iirc) will no doubt fetch less than £4k when its sold on, but, it has been a superb car and I'm more than confident it would continue to be so.
The reason is he's owned it from new & its had full BMW servicing.
I'd have no problem in buying an aged e39 if it were a one owner car with a thorough history.
I paid less than £6k for my e38, and had I been looking for an e39 I doubt I'd have spent that much.
Theres such a huge choice of e39's available, simply disregard the muti owner examples and spend a bit more buying it from a dealer with a warranty.
I'd have a word with your local BMW dealer(S) make yourself a complete pain in the rear if necessary, get them to offer you first refusal on any e39 that they get in as part ex, but are either too old or high mileage to go on the BMW dealers forecourt.
I know of 2 people who aquired e39's for under £4k from BMW dealers! - No warranty, sold as seen, but when the cars obviously been pampered and the previous owner has part exed it for an e60 or whatever, your on to a good start.
My local BMW dealer offered me a 160k Mile 2001 740i Sport for £5.5k back in August, I very nearly bought it in favour of my 728i. Insurance & fuel costs persuaded me otherwise.
It was interesting none the less, and shows whats possible.
[TW]Fox said:
Decided if your going to become an e39 owner yet mate?