Tracked M5 Discount or Avoid?
Discussion
Ahoy,
Thinking of an 01-02 M5. Guy at work has one and I know the car's been tracked regularly. It's also been very well taken care of (pre-/post-track inspections, Motorsport technician inspections, 3 new clutches, 2 new gearboxes) and is still under BMW warranty. 2 questions: 1. what % discount would one expect to negotiate? 2. is this just an automatic "avoid"?
TIA...
Thinking of an 01-02 M5. Guy at work has one and I know the car's been tracked regularly. It's also been very well taken care of (pre-/post-track inspections, Motorsport technician inspections, 3 new clutches, 2 new gearboxes) and is still under BMW warranty. 2 questions: 1. what % discount would one expect to negotiate? 2. is this just an automatic "avoid"?
TIA...
Tough call, this one. Despite it being well cared for, tracking a 1,800kg car puts a huge amount of strain through all the components. Have the brakes been upgraded? Standard M5 brakes don't like heavy use.
If you want to go for this particular one at least ask for it to be MOT'd and serviced at a main dealer before you buy it. That way you'll know it's been checked over for wear and tear problems.
If you want to go for this particular one at least ask for it to be MOT'd and serviced at a main dealer before you buy it. That way you'll know it's been checked over for wear and tear problems.
When you say 'tracked regularly', do you mean once a fortnight or once a year?
What's the mileage on it?
Suspension, bushes, mounts, gearbox, engine all get 'punished' on a track day - if these have been replaced/maintained as regularly as the atendance at trackdays then there should be no reason it would be worth less.
I know I've only got an e34 version, but with the irregular (though not few) track days I've attended - and my average 20,000 miles a year commute - I have replaced some parts many times over - brake pads, discs, suspension bushes, engine mounts. And the wear rate increases dramatically on wheel bearings and engine internals. Regular checks and preventative maintenance will help, as will care on the track when letting the car cool down and taking notice of any small differences in the car before they become major.
If this was a 50,000 mile car with 10 trackdays under its belt and all the wear & tear parts have been replaced recently then it's probably in better shape than the 50,000 mile weekend car that's been driven in only 1st & 2nd gear and not had a new clutch, brakes, suspension in those miles.
I'd say £16,000 is fair for a 2001 e39 with 100,000 miles and this history.
>> Edited by m-five on Tuesday 7th June 22:59
What's the mileage on it?
Suspension, bushes, mounts, gearbox, engine all get 'punished' on a track day - if these have been replaced/maintained as regularly as the atendance at trackdays then there should be no reason it would be worth less.
I know I've only got an e34 version, but with the irregular (though not few) track days I've attended - and my average 20,000 miles a year commute - I have replaced some parts many times over - brake pads, discs, suspension bushes, engine mounts. And the wear rate increases dramatically on wheel bearings and engine internals. Regular checks and preventative maintenance will help, as will care on the track when letting the car cool down and taking notice of any small differences in the car before they become major.
If this was a 50,000 mile car with 10 trackdays under its belt and all the wear & tear parts have been replaced recently then it's probably in better shape than the 50,000 mile weekend car that's been driven in only 1st & 2nd gear and not had a new clutch, brakes, suspension in those miles.
I'd say £16,000 is fair for a 2001 e39 with 100,000 miles and this history.
>> Edited by m-five on Tuesday 7th June 22:59
m-five,
Fair points well made.
It's done 25k miles and its been tracked about 10 times/yr. Not sure what pre/post inspections are like, but one would expect major stress points would be covered, no? Interestingly, despite owners concern about brake fade after a few laps, he hasn't modded the car with u/g brakes as BMW Motorsport have told him they don't neede them and he wants to keep to that.
Fair points well made.
It's done 25k miles and its been tracked about 10 times/yr. Not sure what pre/post inspections are like, but one would expect major stress points would be covered, no? Interestingly, despite owners concern about brake fade after a few laps, he hasn't modded the car with u/g brakes as BMW Motorsport have told him they don't neede them and he wants to keep to that.
25,000 miles is not a lot of miles at all, and only 1500 of those would have been at the 10 track days he's attended.
If you can get a good deal on it I would go for it - as a non-tracked version may cost £25k for so little miles.
Personally I wouldn't pay more than £20k for any e39 M5 as there are so many around and the prices just keep dropping.
Wear and tear items are not covered under the warranty, and I'm not sure what the service schedule is for the e39 so there may be a major service just around the corner (£800). The e34 schedule is a major service every 24,000 miles, oil service every 6,000 and 'minor' (less-major) service every 12,000.
If you can get a good deal on it I would go for it - as a non-tracked version may cost £25k for so little miles.
Personally I wouldn't pay more than £20k for any e39 M5 as there are so many around and the prices just keep dropping.
Wear and tear items are not covered under the warranty, and I'm not sure what the service schedule is for the e39 so there may be a major service just around the corner (£800). The e34 schedule is a major service every 24,000 miles, oil service every 6,000 and 'minor' (less-major) service every 12,000.
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