In a few years, I think it’ll be totally reasonable to see E39 BMW M5 models selling for $70,000 or more. That’s the M5 that was made from 2000 to 2003, and a 2002 model with just 437 miles recently sold at auction for $176,000. That’s an insane figure, but of course that car had insane mileage — but I really think that soon, it won’t be so far outside the norm.
The reason for this is that the E39 M5 is just so beloved among car enthusiasts. It was the last real “driver’s” M5, with clean, simple styling and no BMW I-Drive infotainment system to mess things up. It was also a simple manual transmission, V8-powered car, and it was truly one of the most special BMW M cars of all time. And it’s only going to gain more of a following as it ages.
And right now, you can still pick up one that’s cheap.
No, I’m not talking about an ultra-low mileage example, as those are all selling for big money. But the E39 M5 has to be one of the most desirable cars you can still get for under $10,000 if you buy a rough one, or under $20,000 if you buy an average one. With nice ones selling for $70,000 or $80,000 — or $176,000, apparently — it’s hard to believe really rough E39 M5 models will stay in the $10,000 to $20,000 range forever.
With that in mind, I highly suggest going forth soon and picking up an E39 M5, while you still can. Sure, a $10,000 one will have some issues you’ll need to address — and a $20,000 one may, too. But I remember back when E30 M3 models were $10,000 to $15,000, and I wish I had bought one then. And I highly suggest you don’t make the same mistake of inaction. Find a BMW M5 for sale