2002 BMW E39 M5 sells for $15,600 on Cars & Bids — was it a deal?
The 2002 BMW M5 sold for $15,600, which is a deal considering its high mileage and solid modifications.
This M5 is part of the revered E39 generation, known for its 4.9L V8 and engaging 6-speed manual transmission. With 245,700 miles, it's not exactly a garage queen, but the single-owner history since 2009 suggests it has been well cared for. The car features factory options like 18-inch Style 65 wheels and a premium M Audio system, which add to its appeal. Plus, the Dinan exhaust and performance software tune hint that this car isn’t just about luxury; it’s built for some serious driving fun.
Now, let’s talk price. It sold for $15,600 after 75 bids, which reflects a competitive interest in this model. The fair value estimate was pegged at $17,300, meaning this one sold for about 10% below that mark. Given the higher mileage and some signs of wear, the price is more than fair. Buyers typically weigh the mileage heavily, but a manual transmission and the fact that it was modified for performance definitely sweetened the deal.
Community feedback was mixed, with some cautious about the car’s condition. One comment stood out: "Absolutely! The coding device will come with the car." This shows that the seller was open to providing tools that would help the new owner dive deeper into the car’s performance potential, a nice touch for any buyer.
For anyone on the hunt for a similar car, keep an eye on the maintenance records. High-mileage M5s can have hidden issues, and knowing how the car has been treated over the years can save you headaches later on. Always look for documentation on any modifications as well, especially performance upgrades, since they can affect both driving experience and resale value.
See all BMW E39 M5 listings on [Friday's Watchlist](https://fridayswatchlist.com/search?make=BMW&model=E39%20M5).
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