2003 BMW E39 M5 with Ultra-Low Miles Up for Auction: What’s a Fair Price for This Legend?
A stunning 2003 BMW E39 M5, often hailed as the “best M5 ever built,” is currently up for auction on Cars & Bids. This particular example boasts ultra-low mileage of just 18,700 miles and a highly desirable specification, making it a dream for many BMW enthusiasts. However, a disclosed accident in 2019, though reportedly flawlessly repaired, adds a crucial factor to consider. With bidding nearing $60,000 and closing on October 16, potential buyers are weighing the value of this naturally aspirated V8, manual gearbox legend against its minor flaw.
The E39 M5: A BMW Legend
The E39 generation of the M5 holds a special place in the hearts of BMW fans for several compelling reasons.
- Design Peak: It represents BMW design at its zenith, offering a blend of aggression and timeless elegance.
- Naturally Aspirated V8: Its legendary V8 engine is celebrated for its power delivery and intoxicating sound.
- Manual Gearbox: The presence of a manual gearbox makes it an incredibly engaging driver’s car, a rarity in modern high-performance sedans.
- Reliability and Simplicity: It’s often preferred over newer models due to fewer reliability concerns (compared to the E60) and a more focused, less tech-overloaded driving experience.
This Specific 2003 E39 M5: The Details
This particular M5 combines low mileage with a classic, luxurious specification.
- Desirable Spec: Finished in Carbon Black Metallic over Caramel Nappa Heritage leather, it offers a stealthy exterior with a classically luxurious interior featuring glossy wood inserts and an intuitive, driver-focused analog cockpit.
- Ultra-Low Mileage: With just 18,700 miles on the odometer, its 394-horsepower V8 engine has plenty of life left.
- Unmodified and Equipped: The car remains unmodified, holds a clean title, and includes desirable equipment such as a power sunroof, M Audio with enhanced bass, and a limited-slip differential.
- The Flaw: Accident History: The main drawback is an accident reported in 2019, which caused damage to the front/right front of the car. According to the seller, it was a parking lot incident, and the repairs (paintwork, bodywork, wheel/tire replacement) were “absolutely incredible” and “flawlessly repaired.”
- Recent Maintenance: Approximately $6,000 in preventative maintenance has recently been completed, suggesting it’s mechanically sound.
What to Pay: Navigating the Market Value
Determining the right price for a low-mileage E39 M5 with an accident history requires careful consideration of market trends.
- New MSRP: This 2003 model (the last year for the E39 M5) had an MSRP of $70,400 when new.
- High Demand: Demand for the E39 M5 remains robust due to its status as a “best M5 ever built” and its desirable V8/manual combination.
- Average Sale Price: Classic.Com indicates an average sale price of $53,238 for 2003 BMW M5s over the last 12 months, with a top sale of $134,400, showcasing the wide range influenced by mileage and condition.
- Recent Sales Data:
- 2003 (10,826 miles): $155,990 (currently for sale)
- 2001 (11,000 miles): $102,730 (sold)
- 2001 (32,000 miles): $65,000 (sold)
- 2003 (27,000 miles): $62,500 (sold)
- 2003 (34,000 miles): $61,000 (sold)
- This Example’s Value: Given its low mileage (18,700 miles) and excellent spec, this M5 would likely fetch over $75,000 without accident damage. However, the accident history, despite the reported quality of repair, may deter some bidders and prevent it from reaching the highest echelons of E39 M5 prices.
- Potential Deal: If the repairs are indeed flawless, acquiring this M5 for around $70,000 could represent a great opportunity. This price point puts it in contention with a new 540i, which, while quicker, lacks the special, involving driving experience of the E39 M5.
Final Thoughts
The 2003 BMW E39 M5 is a highly sought-after modern classic. This particular example offers an enticing combination of ultra-low mileage and a desirable specification. While the previous accident is a drawback, if the repairs are as excellent as described, it presents a unique opportunity for enthusiasts to own a piece of BMW M history at a potentially more accessible price point than accident-free, similarly low-mileage examples. Bidding for this E39 M5 concludes on October 16.
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