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Originally Posted by Tom C
I am surprised no one mentioned anything about what a questionable choice an E60 M5 is for someone with financial concerns. Yes, the initial cost is going to be nearly 1/3 the price of an F10 M5, but what about the maintenance and repairs? A 2010 M5 is likely about to have its factory warranty expire. Some of the common repair costs on an V10 E60/E63 can be pretty significant (especially SMG equipped models). I priced an E63 M6 aftermarket warranty a few months ago. Most aftermarket warranty companies will not touch a V10 BMW. The ones that will provide coverage asked for nearly $7K... which was about 15% of the price of the car I was looking at. So you should probably factor in the cost of the warranty or research and set aside funds for some very common repairs.
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Yeah as great as the E60 M5 is, it's a nightmare to maintain once the miles are high and out of warranty. $7,000 just for a clutch change if you take to a dealer. So many things break in that car it's really like a ticking time bomb. 2008 and below model years engines have intermittently died because of bad rod bearings, warranting an entire engine replacement. If you buy a used 2006 E60 M5 for $25k and your engine blows, the cost of replacing the engine might be more than the entire value of the vehicle if you buy a brand new engine. I'd factor in $5000-$10,000 a year just for maintenance and repairs on an E60 M5.