I am based in Adelaide and am currently looking for a used E60 M5 as a possible next car.
I am a realist and know that by buying an M5 I will be up for big bucks from time to time but I am only 27 and have a house to pay off and a nagging girlfriend who wants me to pop the question so I am trying to budget effectively. But with this global financial crisis and the terrible BMW depreciation - now is the time to buy a V10 M5 for a bargain as they are sticking big time.
Now...I have noticed that there are quite a few that are sticking which have around the 47-49,000kms on the clock.
I am wondering if there are any really nasty services that cost $10k or something at 50,000kms as it seems coincidental that a lot of people are selling them just before they hit this.
Also - do any of you M5 owners know of any nasty and expensive faults that these cars have at any point? Is there anything I should look out for such as how often Launch Control was used etc?
The other cars I am considering are a 997 carerra, 996 twin turbo or GT3 or a Mercedes C63 (all used with low km). All very different I know! I just think that for the money the M5 will bring all of the excitement I need and the practicality of the 4 door definitely is a plus.
At the moment I have an SLK which costs me nothing and never misses a beat - and the daily driver is a new smart car which I intend to still use during the week. Both are 2 seaters though which does take its toll on me!
Thanks for the heads ups in advance - I will keep looking through the forums with the search function.