2016 M5 CP purchase?

[mswaz]

I am looking at preowned 2016 M5 CP with about 10,500 miles. Car Fax is clean, this is loaded including factory installed performance exhaust with stainless tips. There is about a year and half left on original warranty.
$69K seems high for this original MSRP was $133K most other '16's I see out there are about $60K but without the exhaust which if I remember correctly was like $8,000 option and more miles.
Anything specific I should check on this or know about these M5's.

I am new to buying preowned, always purchased new before but very seasoned with BMW's last being 2018 X5M.

[AirBull]

With the low miles, model year, and remaining warranty, that car will probably lead the high end of the market. I found a video on YouTube of a 15 a dealer spec'd out with that exhaust, and it was right around that window sticker. With the comp package I'd prefer the exhaust that came with that, but for $8k you can be sure there's got to only be a few of them out there.

I found a 16 today in Illinois that had only two options, the comp package and ceramic brakes. Original sticker around $109k. 16.5k miles and they were skiing $61,995.

I just bought my 15 loaded with the options I wanted, orignal sticker around $119k, and got it for $59k with 8.7k miles. I sold my heads/cam Z06 C6 Corvette for it, and had two previous BMW's, an E90 335d and an E39 M5. I feel pretty comfortable with this motor and car, there's a ton of info and videos available, and look forward to many happy miles!

[Blue Sky]

My car had a few more miles and only 0.5 year original warranty (but CPO added another year to make it 1.5 years), and was $3k cheaper. It seems like it's priced due to its sheer newness, such low miles and remaining warranty.

Sounds pretty good.

[Chiraq M5]

That's high. Low 60s is where it should be.

[NotSooFast]

If its a 6-speed MT, that is about the right price. They are selling like hot cakes.

[mrtt]

Originally Posted by mswaz

$69K seems high for this original MSRP was $133K most other '16's I see out there are about $60K but without the exhaust which if I remember correctly was like $8,000 option and more miles.
.

You can't think of it like that. If you were to ever sell/swap your exhaust, you will never get $8k.

[Beast27]

Originally Posted by mswaz

I am looking at preowned 2016 M5 CP with about 10,500 miles. Car Fax is clean, this is loaded including factory installed performance exhaust with stainless tips. There is about a year and half left on original warranty.
$69K seems high for this original MSRP was $133K most other '16's I see out there are about $60K but without the exhaust which if I remember correctly was like $8,000 option and more miles.
Anything specific I should check on this or know about these M5's.

I am new to buying preowned, always purchased new before but very seasoned with BMW's last being 2018 X5M.

I'm assuming the vehicle you are referring to is at EBA.... I also like the other '16 they are selling in Azurite Black & Amaro Brown. Very unique combination!

[mswaz]

Yes it's the car from EBA. I went to look at it and it was an easy pass. That car has had a very hard 10000 miles. I even passed on the test drive.

[m5teven]

Originally Posted by AirBull

With the low miles, model year, and remaining warranty, that car will probably lead the high end of the market. I found a video on YouTube of a 15 a dealer spec'd out with that exhaust, and it was right around that window sticker. With the comp package I'd prefer the exhaust that came with that, but for $8k you can be sure there's got to only be a few of them out there.

I found a 16 today in Illinois that had only two options, the comp package and ceramic brakes. Original sticker around $109k. 16.5k miles and they were skiing $61,995.

I just bought my 15 loaded with the options I wanted, orignal sticker around $119k, and got it for $59k with 8.7k miles. I sold my heads/cam Z06 C6 Corvette for it, and had two previous BMW's, an E90 335d and an E39 M5. I feel pretty comfortable with this motor and car, there's a ton of info and videos available, and look forward to many happy miles!

yooo did you buy the one in Michigan or wherever it was?? I was looking at that m5 for like a month straight. I must have talked to them 20 times. I almost pulled the trigger like twice, but i could never justify paying 60k for a 2015 no matter how many miles.