15k: Always Bet On Black: 1988 BMW M5 E28
The E28 generation BMW M5 was the first sedan to receive the full BMW Motorsport treatment, and is one of the few affordable used ///M cars. It was only imported to the US in 1988 and only came in black with a manual transmission. In fact, the only option was heated seats as the base M5 was decked out with leather, a big inline-6 and all the creature comforts you’d want in 1988. Find this 1988 BMW M5 E28
currently bidding for $13,700 with 3 days to go in Houston, TX on ebay.
The E28 is an uncommon sight on the road today, with only 2000 built for worldwide consumption. Expect prices to be bullish for the next few decades as these transform from cheap drivers to garage queens. It is certainly part of the automotive cycle and Adam Kaslikowski of Petrolicious recently wrote a short article in support of the garage queen that is certainly worth a read.
Standard for the M5, but uncommonly good, was the big six under the
hood, a dual-overhead-cam 3.5 liter S38B35 pumping out 256 horsepower
back when the 5.7 liter V8 in the Corvette only made 245 hp. The S38 is a cantankerous and thristy monster, so be aware that small jobs are going to cost Honda rebuild prices..but the noise it makes at a boil justifies the price tag.
The interior of this one looks in good shape and those original seats look uncommonly good for a piece of cowhide that has been sat on for 108,000 miles. Someone with a soft butt (or seat covers) took good care of this black beauty.
See a better E28 M5 for less? email us here: tips@dailyturismo.com
The US E28 M5 single configuration and year sure makes comparison shopping easy. The key variables are still there: miles – mechanical condition – rust / cosmetic condition – modifications – location – seller's "story". But after that, it's apples to apples.
Engine rebuilds appear to be the big fear, with horror stories in the many thousands of $. Starting point for a reasonably safe driver with higher miles and moderate needs looks like $10k to $12k these days, with sellers very hopeful for more, even lots more. Excellent examples are going to the $16 to $20 range. For pristine, under 50k mile unicorns, rainbow-struck speculation prances up to $25k, $35k, $45k or more.
I've seen and heard people call this the best car ever, with the best balance of performance, practicality, reliability and classic style. Or maybe that's the "hand made" E34 M5 (maybe not so much in the style department). Or the "modern" E39 M5. Others say the M's are fussy and overkill, and the sweet spot is the 540, or even that's more power than needed in normal life and still too expensive to maintain, so go for the 530 or 535.
This summary may seem rudimentary, or, I dunno, just plain wrong / clueless to some of you. Please give me and others the benefit of your experience here.
It's hard to hear "one of the few affordable used M cars" in a sentence without the E36 M3. Maybe "affordable used classic M car."
What a beautiful car. I like it.Any one who is eager to buy used car in Houston, can visit Affordable used cars in houston .
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