E39 M5's becoming "reasonable" and they are ohhhh so pimp

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1992Q45A
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Showing up on ebay for high 30s to 50s with 20-50k miles on them

This is a nice example of how PIMP the interior on these beasts are

http://cgi.ebay.com/ebaymotors...=6008

Door panels= All leatherDash= LeatherCenter area=leather

Headliner = Pimp looking faux suede

Awesome ride, I drool for one


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PalmerWMD
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I know what you mean.But the repair bills..

transmission breaking..

Kinda scary.Still temtping oh so tempting despite the expected high rate of failure.

Fred..

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metaverse3
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.

911/Q45
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The reason they've depreciated so much is the excruciating maintenance costs coming due. They are a very desirable car, so that is the only reason they would be affordably priced.

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PoorManQ45
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Why is this in Infiniti General. Nothing to do with Infinitis'.

Anywho. I still wouldn't pay that much for a M5. When it gets below $30k, then I might think about buying it.

1992Q45A
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Every expensive car depreciates.

If I had the infiniti dealer service my Q45 extensively I would pay 2 or 3 times what it would cost from a master mechanic at euro imports

Sure the M5 is expensive too maintain, but the price coming down, isn't the only reason for the price decay

The m5 has more resale value then it's chief competitors the XJR or E55, and both were the same starting price, and all three had staggering initial costs.

No car that costs that much money is going to hold that much value, espically considering a newer model is always just around the corner.

PMQ: Don't troll on my threads, you don't appreciate anything of value, you shouldn't even own a Q45.

dareo
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Those new M5s are just too sick, that much luxury and quality in an interior is far too good for someone like me who makes less than 10/hour. thats more along the lines of 6k a month salary guys.

DAEDALUS
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$6k/month? I suppose it's possible. According to Jayson, banks allow 12% of income to go toward the loan, so that works out to roughly $10k down and $40k financed over 60 months. Possible, but no one I know who makes about that much can actually afford that big a car payment.

That auction has a buy-it-now of over $46k. Surely the reserve is pretty close to that.

docsmile71
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I wouldn't take cars on ebay as the standard. There was a recent article in the NY Newsday about a car theft ring that was busted. Their mode of operation was to repair flood, salvage and theft recovery titles and launder the titles in states like VA, FL, and TX. The article says that most of these cars end up on ebay sold by fake dealerships.

Here's the text from that article.

East Coast's largest auto theft ring busted on LIEleven charged in major East Coast ring, which feds say paid for Gold Coast homes and retail centers

By Robert E. KesslerStaff Writer

September 10, 2004

A brazen auto theft ring stole at least 5,000 cars, mainly on Long Island, over the past five years and raked in a $20 million profit, federal authorities allege.

Authorities said the ring, which they called the largest on the East Coast, employed a number of unusual schemes to dispose of the cars, including stripping a car of its parts, abandoning the shell and then repurchasing the shell from insurance company auctions.

The cars, now with a clean title, would then be rebuilt with the stripped parts and resold.

The profits from the enterprise were so great that the two alleged ringleaders, Michael Pescatore, 41, of 34 Chestnut Hill Dr., Upper Brookville, and Sanford Edmonston, 37, of 71 Oakdale Rd., Roslyn, used them to pay for luxury Gold Coast homes and for the purchase of a Queens shopping center and strip malls, apartment buildings, and medical offices on Long Island, said United States Attorney Roslynn Mauskopf.

Pescatore and Edmonston, along with the nine others, were charged yesterday with conspiracy to operate an illegal "chop shop," to commit mail fraud, to launder money, and to traffic illegally in motor vehicle and motor vehicle parts.

In addition, prosecutors moved to seize Pescatore's home, which he had built at a cost of $8 million; Edmonston's home; and the Baybridge Commons Shopping Center on 208th St., Bayside, as well as buildings at 53-55 and 59-65 Sunrise Hwy., Freeport, and ' West Jericho Tpke., Huntington Station, and to force all the defendants to forfeit a total of $20 million.

Authorities said Pescatore and Edmonston masterminded the auto theft ring out of their firm, Astra Motors, 455 Morgan Ave., Brooklyn.

The firm closed in June 2003 after a raid by a joint task force of the FBI, the Criminal Division of the Internal Revenue Service and the Vehicle Theft unit of the Suffolk County Police Department.

The task force's 18-month investigation into the Astra operation, dubbed "Operation Vin City" for Vehicle Identification Number, found that the goal of the car thieves was to resell cars with seemingly legitimate papers on the open market, according to Assistant United States Attorney Lara Treinis Gatz and Assistant Suffolk County District Attorney William McDonald.

Most of the stolen cars were "laundered" in an unusual way, the prosecutors said.

The thieves would steal a car, strip it of most of its parts and leave the abandoned hulk on the street.

They would then call the police anonymously and claim they had seen an abandoned car on the street, Treinis Gatz said.

Police would retrieve the cars and turn them over to the auto insurance companies, which hold regular auto auctions open only to dealers. An Astra representative would buy the car at auction and resell it for $1,000 or so above the auction price back to the thieves, who then replaced the stripped parts and had a seemingly legitimate car to resell.

In some cases, the accused would buy cars that had been so badly damaged in accidents, fires or floods that they could not be safely repaired, officials said. But the accused repaired the cars anyway and then created paperwork that made it seem as if they had been legally rebuilt, creating what New York FBI head Pasquale D'Amuro called "little more than scrap-metal- wheels" that pose a potential safety hazard.

Agents and police have made it a priority to locate these cars and remove them from the road, officials said.

Other schemes used by the ring included bribing motor vehicle department employees outside of New York to provide seemingly legitimate titles to stolen cars, and creating "VIN kits" by stripping the VIN number off wrecked cars and selling them to car thieves to use on stolen cars, officials said.

As a sideline, the ring rented out specially designed cars to drug dealers for $10,000-a-day that were equipped with secret compartments to hide narcotics, according to Treinis Gatz.

The defendants pleaded not guilty at arraignment before U.S. District Judge Thomas Platt in Central Islip.

Edmonston was held without bail after prosecutor Gatz said he had threatened a witness in the case and was under continuing investigation for allegedly taking several kilos of heroin that had been hidden in a secret compartment by a drug dealer who had "rented" the car from him. Pescatore was released on $3 million bail.

Edmonston's layer, Mark Cohen of Manhattan, declined to comment. Pescatore's lawyer, Martin Adelman of Kew Gardens, said his client was innocent.

All the defendants face up to 20 years in prison if convicted.

Chop and shop

Court records detail how members of an alleged car-theft ring made off with a brand new Cadillac in 2001 and resold it as a legitimate vehicle.

1. LYNBROOK

2001 Cadillac DeVille DTS is stolen from new-car dealership. Sticker price is $46,000.

2. LINDENHURST

Stripped of its body panels, bumpers, wheels, lights, seats and airbags, car is dumped behind a King Kullen. Accomplice calls 911 to report it.

3. MEDFORD

Police take hulk of car to an auction held by auto insurance companies. Front man buys it for $10,000, sells it back to accomplices for $11,000, making $1,000 in profit.

4. ROSELLE PARK, N.J.

Car is now reassembled with original parts, and Virginia papers have been fraudulently obtained from a DMV employee (who is now cooperating with police). Accomplices sell the "repossessed" car to a New Jersey dealer for $33,000. Advertised as a used car, it is sold to a couple for $37,000.

1992Q45A
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Eh, I don't know about that

EBay has a ton of legitimate sellers. Most of the sellers on ebay are actual car dealers.

Do your research, if you buy from some putz with no feedback, that's your own fault.

The prices are the same in the used market as well

HeavyDuty
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Wow.

Dirty bastages, and we wonder why our premiums are so high.

I'm aware of these tactics.

FYI, if a new 2001 Acura Integra Type R was broken into on a dealer lot and stripped of the front & rear sets *ONLY*, the car was in danger of being totalled if used seats couldn't be found. The seats weren't offered as an assembly from the dealer, each individual part had to be ordered seperately at an approximate cost of $12000.00 Think I'm kidding? Ask a dealer to price out an assembly for you, there isn't one.

I've heard people bragging about picking the cars up at the auction for pennies, replacing the seats & voila! New car.

I've had offers from owners to dispose of their car after they blow stuff up with owner installed mods (n20, turbo, s/c, etc)

Orlando, Florida was/is the capital of the US for "give away" autos.

There was a ring here that would accept $500 from an owner to steal their car & burn it to the ground. An upside-down owner then received a fat check from the insurance company.

There was even a guy at a Honda Acura dealer here who was supplying the transponder keys from the VIN to the thieves in question.

I think I'd like to work in the Insurance industry thwarting this kind of stuff.

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pito11213
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Yeah insurance fraud sucks a$$ simply because it puts the honest guy in a situation of paying for a cheater's mistake. The M5 is a wonderful car though. But I know that is out of my category.

Just do what everybody does and get a 540 and make it look like an M5. A 540 is a very impressive maching considering they get up on the Q pretty nice. But then again I piss BMW's off because I didnt pay anywhere near what they paid and they just barely have enough to best me.

By the way 1992Q45a with all the "trolling done on these forums you shouldnt single a guy out because he thinks differently than you are anyone else.

1992Q45A
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I seek truth, he sought too troll my thread

Big difference

I don't troll on peoples threads, unless they are fill of unfactual BS.

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rsiwicki
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"Yeah insurance fraud sucks a$$ simply because it puts the honest guy in a situation of paying for a cheater's mistake. "

Tell me about it...I work for a reinsurance company (never-the-less still an insurance company just of different scale) and my co-worker who did the typical Miami thing...buying a car(330ci) worth more than her house and more than she could afford. So what did she do after 8 months...have it magically disappear. She is the type where she has no accidents or tickets, but yet makes a $40K fraud claim causing all of us good drivers rates to go up. Ughh!!! I was so pissed that I had to pay for her lack of financial responsibility.

docsmile71
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1992Q45A wrote:EBay has a ton of legitimate sellers. Most of the sellers on ebay are actual car dealers.
Accomplices sell the "repossessed" car to a New Jersey dealer for $33,000. Advertised as a used car, it is sold to a couple for $37,000.

These thieves sell the car to a dealer to be sold on ebay by a "dealer".

The M5 is a very nice car but the link that you posted in the beginning was an ebay ad. Sometimes the prices and deals are too good to be true. I was looking at Z3M Coupes a few months ago. Ebay prices were about 5-10K less than what Autotrader ads wanted. Also, there were a LOT more Z3M Coupes on ebay. I'm sure there are tons of legit dealers and sellers on ebay but sometimes you have to be skeptical...especially with limited cars like the M5....why sell on ebay when you'll have TONS of enthusaists who are willing to pay retail?

HeavyDuty
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Good point Doc.

One thing to consider, though, is that a typical consumer doesn't even try to research the ins & outs of selling a car, hence the popularity of Ebay & Autotrader.

Broader exposure is what they're looking for, I would imagine.

1992Q45A
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Blah. I do my own research. The point is ebay prices are aligned with autotrader prices. Why sell on ebay? Why sell anything on ebay, the point is everyhting is sold on ebay

Buyer beware. Due dillegence.

I have never been ripped off on ebay, and gotten some incredible deals, I wouldn't have found elsewhere.

A car is an expensive purchase, certainly you don't want to be a a victim

driverdriver
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I've always wanted a Bimmer, but my ownership experience with Euro makes such as Porsche, Audi and VW has not been good. I will stick with the domestic and Asian makes.

MiniMan
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Ryan, you should take a look at some E34 M5's or E34 Alpina... sickly awesome cars! How'd a biturbo M5 do ya? Not sure if they can be legalized in the states... but I'll be bringing one over for a friend hopefully within the next few months!

Have you taken a look at any pimped out 750il's? Those are some pretty killer cars too. Big, heavy cruisers. Practically limos... not to be daily driven (unless you're just THAT rich). Chipped w/ exhaust you can get them in the high 300's. *drool* Same engine as the 850i too, so lots of aftermarket parts for it.

I've never owned an Audi personally, but my dad's always had good luck with them.

BMW's have always been rumoured to be expensive to maintain. I haven't found that to be true yet, but Porsche's and Jags on the other hand... Those rumours actually are true!

You can't forget about Asian cars too... some of the most well thought out cars I've ever seen created.

Speaking of Asian cars... how's about that new TL? If that's not one of the best looking cars I've ever seen... I don't know what is. Very few cars could possibly be called "gorgeous," but the TL definitely falls into that category.

Corey

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Rex
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I gotta admit these are sexy









Sorry for jacking
Modified by Rex at 10:21 PM 10/4/2004

1992Q45A
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I love BMWs. I buy into the blue propeller

I love the 740i sport.

The 750IL is awesome, the whole damn inside is leather, like the M5.

The doors were so heavy, and had the nicest door closing sound, I've ever heard

I could be very happy with a 540i sport as well

Some very nice BMWs entering into the 20s and 30s range now adays


maxnix
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1992Q45A wrote:I love BMWs. I buy into the blue propellerSome very nice BMWs entering into the 20s and 30s range now...
In initial dollars cost, or in deferred maintenance dollars cost? Could well be the same amount for both, if you are lucky.

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sijoko
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If I was leasing a brand new BMW, then I would not mind having one. Especially, with a nice warranty.

But owning one for a long time is asking for trouble. Expensive trouble.

There is a reason that these cars are referred to as "BMTrouble you".

-sijoko

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Jesda
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Isnt BMW offering free maintenance on new cars now? It is my understanding that the problems on new BMWs come from overengineered electronics.

HeavyDuty
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My business partner has a 02(?) 330ci.

Biggest headache of his life.

And to think I'm lusting after an 04 E55......

Yes, Jes, at least in my experience, the electrical gremlins that BMW, Audi & VW owners have to deal with are incredulous & recurring.

1992Q45A
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No problems to report with the new 325i

BMW covers everything.


1992Q45A
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Once again, The maintenance costs can be absored with a proper extended warranty. Euro Imports has master BMW and Infiniti mechanics, and if the savings are half as much as with Infinitis (I suspect they would be twice as more) then you are saving good money

Sure it's not a "cheap" car to maintain, however I think it would be well worth it



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