1988 E28 M5 for sale. 54000 miles. Mint with all records

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Jproy
Posts: 12
Joined: Feb 21, 2013 9:44 PM
Location: Lafayette, Louisiana

1988 E28 M5 for sale. 54000 miles. Mint with all records

Post by Jproy »

I have a friend here in town with a 1988 M5 with 54,000 miles on the clock looking to get rid of it. It's a US spec car. Bone stock. One original owner. Garage kept and perfectly maintained. Black on Black, so Im told, in mint condition. I have not seen it yet. Im going to look and drive tomorrow morning at 9:15am. I'm considering buying the car and would like to know what you guys think it is worth in today's market, minimum/maximum, if it truly is in great shape for a one owner car with ~50K miles on it? Would any of you be interested in the car and at what price if it is in mint condition even if it is a tan interior? Obviously pics will follow after I put my hands on it. It has all meticulous mantinace records and some kind of M certification that is with it. Brand new tires etc.
Last edited by Jproy on Feb 21, 2013 11:13 PM, edited 3 times in total.
Mab1957
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Joined: May 14, 2010 1:33 PM
Location: Northern Virginia, USA

Post by Mab1957 »

Cool :cool:

Please post lots of pictures and a writeup on the driving experience. I'll wing an opinion at min $20k max $45k. :dunno: I couldn't buy it though because I'd be afraid to drive it. :cry:
wkohler
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Post by wkohler »

Where is "here in town?"
Jproy
Posts: 12
Joined: Feb 21, 2013 9:44 PM
Location: Lafayette, Louisiana

Post by Jproy »

wkohler wrote:Where is "here in town?"
Lafayette, Louisiana
gray635
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Joined: Dec 06, 2006 11:29 PM
Location: Perry, GA

Post by gray635 »

I'm watching this post with great interest. It's been awhile since a really nice, low mileage e28 M5 hit the market, at least to my knowledge. I know of several folks who are looking for such a car. I'm glad I've already got one. :banana:

Photos and details, please!
Jproy
Posts: 12
Joined: Feb 21, 2013 9:44 PM
Location: Lafayette, Louisiana

Post by Jproy »

I am totally pumped about checking this thing out!! Cant wait till 9:15AM. I could hardly contain myself on the phone with the seller.
RennSport88
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Joined: Feb 21, 2013 8:54 PM
Location: Florida

Post by RennSport88 »

Sounds awesome! I am in the market but my budget is capped in the teens and it sounds like this would be above it.
geordi
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Joined: Jan 26, 2012 12:17 AM
Location: WYOKA

Post by geordi »

Did you know EAG is currently out of stock of E28 M5s?? :shock:

My $.02, be ready to close the deal by Tuesday.

I saw you post on M5Board about same car… More than likely EAG has too. Those Cincinnati boys have probably already started the process of trying to locate this M5. Ok, call me paranoid…

Btw, Jproy… I have followed the restoration of your $500 2000 M5. What a find & nice job! That Beast looked like “swamp thing”. http://www.m5board.com/vbulletin/e39-m5 ... ation.html

Best of Luck!
S38Mike
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Location: South Bay, SoCal

Post by S38Mike »

:popcorn:
RoyW
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Location: Albany, NY

Post by RoyW »

If it "truly is in great shape for a one owner car with ~50K miles on it" and it's black on black, then it's worth big bucks, e.g., $25 to $35K+. It all depends upon condition, both mechanical & cosmetic, no accidents, and records. Good luck. :)

-RoyW
CSBM5
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Joined: Feb 12, 2006 12:00 PM
Location: Greenville, SC

Post by CSBM5 »

geordi wrote:Did you know EAG is currently out of stock of E28 M5s?? :shock:

My $.02, be ready to close the deal by Tuesday.

I saw you post on M5Board about same car… More than likely EAG has too. Those Cincinnati boys have probably already started the process of trying to locate this M5. Ok, call me paranoid…
No paranoia. They will immediately wire the funds, sight unseen, for something like this car. As a seller, it's hard to turn down immediate funds in bank versus dealing with all the calls, PPIs, etc, etc, I suppose. Personally, I'd rather see a car I own go to the right person, but I'm in the minority I imagine.

During my E90 M3 search this past year, I briefly considered an E92 M3 when I found the car with the options I want and without the ones I didn't want. As soon as it showed up for sale, it was claimed by EAG practically, and shortly on their site for $6k more than the owner's asking price. Typical. Anyway, glad they bought it as I really wanted the E90 and finally found it a couple of weeks ago.
geordi wrote: Btw, Jproy… I have followed the restoration of your $500 2000 M5. What a find & nice job! That Beast looked like “swamp thing”. http://www.m5board.com/vbulletin/e39-m5 ... ation.html

Best of Luck!
That car is hilarious. It's the only automobile I've ever seen that was owned by a dog. BMW didn't anticipate the claw wear an owner who is a dog would have on the leather interior apparently. I wonder how well he liked the M5.
Pavel
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Location: Sugar Land, TX

Post by Pavel »

Give us the VIN if you have a chance.
WilNJ
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Location: North Jersey

Post by WilNJ »

beliq wrote:Give us the VIN if you have a chance.
You can rest assured, if that gets out, he'll never see the car.
GaAlpinaOwner
Posts: 1120
Joined: Feb 12, 2006 12:00 PM
Location: Atlanta Georgia USA

Post by GaAlpinaOwner »

RoyW wrote:If it "truly is in great shape for a one owner car with ~50K miles on it" and it's black on black, then it's worth big bucks, e.g., $25 to $35K+. It all depends upon condition, both mechanical & cosmetic, no accidents, and records. Good luck. :)

-RoyW
Agree sorta...
this one if black and if a perfect, one owner and with books and records I would have it priced at 30 - 35k or slightly more ....
there simply is not much supply that is 100% stock around with this amt of mileage...
Here is a benchmark for the naysayers.
I sold my first one a few years ago with 36k miles and it had several things to make it perfect....it sold for 36k ...
Last edited by GaAlpinaOwner on Feb 22, 2013 12:10 PM, edited 1 time in total.
SicStang03
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Location: ATL

Post by SicStang03 »

Was the black interior an option for US cars? I thought they were all tan.
BimmerSultan
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Location: Wilmington, NC

Post by BimmerSultan »

Jproy wrote:I am totally pumped about checking this thing out!! Cant wait till 9:15AM. I could hardly contain myself on the phone with the seller.
In the words of Judge Smails, "Well.......we're waiting."

Let's hear all about it!
Mark in Toronto
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Joined: Feb 14, 2008 7:28 PM
Location: Toronto

Post by Mark in Toronto »

SicStang03 wrote:Was the black interior an option for US cars? I thought they were all tan.
You can thank the Canadians for the existence of black interior M5's. :laugh:

From the M Registry:

Why are all North American E28 M5s essentially identical?
Because the E28 M5 was hand-assembled, yet needed to be manufactured for the North American market in relatively large numbers within a relatively short amount of time, BMW of North America was forced to limit the model's specification to just two color schemes: Black (086) with a Natur (tan) leather interior and (officially for Canada only) Black (086) with a black leather interior.

Why is a North American E28 M5 with a black leather interior so rare?

Though a Natur (tan) extended leather interior was the only official interior color choice for the U.S. market, Canada insisited on giving E28 M5 buyers the second option of a black extended leather interior. The black interior option was later expanded to the U.S. market at the very end of E28 M5 production. In total, 101 E28 M5s with a black interior were produced for North America, of which 71 were built to Canadian specification and the rest to U.S. specification.


http://www.bmwmregistry.com/model_faq.php?id=7
unt0uchable
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Post by unt0uchable »

Ooh this will be interesting.

:popcorn:

Where's RC?
bigdaddy
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Joined: Oct 22, 2006 8:26 PM
Location: Hoover/Bham, AL

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Post by bigdaddy »

It's worth a price some where between what you offer, and the seller asks for...

...at least until another buyer enters the picture.
Jproy
Posts: 12
Joined: Feb 21, 2013 9:44 PM
Location: Lafayette, Louisiana

Post by Jproy »

The EAG boys sure didn't waste time reaching out to me. I bought the car this morning. She's not in quite as good a shape as I thought she was. It's pretty nice nonetheless for a car this old. Interior is dirty but will clean up well. The leather is in great shape and hardly has any wear cracks at all. The suspension need some help. Bounces around like a fat lady on a roller coaster. The engine sings. Diff bushings are probably shot. Brand new high end continental tires. Just under 55,000 miles. The gauge cluster was completely and officially replaced at about 54000 so the gauge cluster only shows 1086 miles on it. All proper documentation and labels associated with the cluster replacement. We have all maintenance records. Every single piece of paper that was ever associated with the car including widow sticker. No wheel rash but the silver on the wheels has faded and they are almost white. Paint is in good shape but she could stand for a wet sand. Rear rubber spoiler is a little faded and so are most of the plastic bits on the exterior of the car. Brakes work well. Ill post pics shortly. It is a tan interior.

Jim
BimmerSultan
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Post by BimmerSultan »

I look forward to seeing it...
bigdaddy
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Location: Hoover/Bham, AL

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Post by bigdaddy »

In the spirit of transparency (and not to be out done by the Obama administration), would you tell us what you had to pay for it?

Less than 20K?
Kyle in NO
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Location: Nasty Orleans------> Batten-Rooehjch------>More Souther LA

Post by Kyle in NO »

Damn, less than 2 hours from me. Unbelievable.
Pavel
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Location: Sugar Land, TX

Post by Pavel »

It will be nice to hear more about this car with some visuals. Great purchase!
rcbmw
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Joined: Feb 12, 2006 12:00 PM

Post by rcbmw »

There are no USA spec Black/Black E28 M5 examples remaining with 54,XXX miles. I did not post in this thread earlier because I did not want to reveal the VIN which I already knew based on registration records and that it is a TMU car.

There will be no more low mileage cars to emerge or hidden barn finds. I have tracked them all down.

Best,
RCBMW
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