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Fri
Nov 21 2008

Deals: Power is getting seriously cheap

Ian Tonkin

This week our trawl through the classifieds is focused on bringing the maximum amount of bang for the minimum amount of buck.

M5 The ‘E39’ BMW M5 is a genuine all-rounder, combining supercar performance with saloon versatility. Values have been falling hard recently, and although bad ones can quickly turn into money pits, we reckon it’s worth taking a punt on this 2000 X-reg example, selling for £9000 with 87K on the odo. The price includes xenon headlights and sat-nav.

Something more modern? Well if you can afford the fuel bills then the Vauxhall Monaro is a storming buy. Picking the 5.7-litre V8 version means that you have to make do with ‘only’ 349bhp, compared to the VXR’s 400bhp, but depreciation has really got its teeth into the big Vauxhall and we managed to find this 05-plate minter with just 38,000 miles showing for £10,995.

There are lots of AMG Mercs out there and earlier, less fashionable examples are getting attractively cheap. The C32 AMG uses a supercharged V6 engine instead of the later V8 power, but it’s still got 354bhp, and we dug out this 52-plate example with 58,000 miles for £11,000.

The Jaguar S-Type always struggled to be taken seriously as a rival to the 5-series and E-class, with the upshot that secondhand versions are becoming exceptionally keen buys. The supercharged ‘R’ version uses the same 4.2-litre V8 and transmission as the XKR, with the blower delivering massive performance. Not only is it more discreet than an AMG E-class or M5, it’s massively cheaper, too – this 03-reg example is on offer for £10,000, with just 60,000 miles showing and a full history.

Getting slightly silly now – how about a Bentley? A bit of digging unearthed this 1993 K-reg Bentley Turbo R for just £10,000. it’s done 102,000, but that comes backed with a fully-stamped service history - and all the toys still work.

 

 

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Comments

Lanciaman November 21, 2008 12:38 PM

2000 BMW 540, 92,000 miles, full service history and leather. £3191. Nearly as fast as an M5 and cheaper to run. Even better, get a touring - cavernous 155 mph estate for around £3500.

theop November 21, 2008 1:42 PM

The problem Ian with all of the above cars you mentioned is that cheap power is never cheap. A £9k M5 with 87k on the clock can easily demand its worth in bits and bobs annually. Unfortunately these sort of prices very often fol people into believing they can own one of these cars. They indeed try only to discover they cannot and in the meantime such mega power cars are ilmaintained, thus creating a negative feedback loop of ever cheaper values to enter a few owners down the line.

Specifically the M5 (dad owns one from new - ours has abt 100k miles):

Tyres: £1000 per set , every 10k miles if you drive briskly.

Suspension: Notoriously expensive in bushes etc, along with brakes every 15-20k all round, budget £700 per corner.

Fuel: Lucky to see above 22-24mpg in casual cruising on the motorway. Long term avg I d say 17ish..

Servicing: AN oil and filter once through without irregular items (never a regular service anymore btw at these mileages) would be £400 at a specialist, closer to 1000 in London Official centres.

Exhaust catalysts: £1200 EACH (there are 2)

Bottom line, an M5 of that vintage you advertise above, can eat £9k for breakfast - I bet you one can spend 3-4 times that money tidying up an average car.

So, for all the folk considering you can get into mega power sallons cheap, perhaps you can, but you can't stay there.

For me a £30k early new shape M5 , say 3 yo with 50k miles is a much better option. Its only 21k dearer than yours (ie 2.3times the money) and one would end up with fewer issues and the newer car 2 years down the line...

theop November 21, 2008 1:47 PM

Agree with Lanciaman btw - 540s are 25% of the money to enter and probably 50% of the money to maintain to an M5.... (i.e only 5k a year vs 10).

Plus they do the same thing (close to)... In any case anyone who buys an 8yo 87k mile M5 to trash around tracks or B roads is in for mega bills. Better buy a new Cayman or new M3.. I guarantee it will be a cheaper solution within 3 years than a used £10k M5....

TegTypeR November 21, 2008 4:43 PM

A bit more of a left field choice, although no less compelling is the VXR8's predecessor, the HSV GTS.  Brought in to the UK officially for a couple of years by an outfit in Milton Keynes, the early ones are seriously cheap now.

In have been offered a blue GTS series VT1 with 300bhp's worth of 5.7 V8 for just over £5000.  I have a slight soft spot for this particular car as I used to own it!

If that's a little tame, there are several supercharged versions running around, starting at around £10k with between 400 and 450bhp.

The standard cars are surprisingly cheap to run and service, although they are heavy on brakes, dampers and tyres.  Brilliant fun though.

Quattro369 November 22, 2008 11:02 PM

The Op: Are you saying the suspension needs a major overhaul every 15-20k!?! Was that car taken off-road or something....

Bill Rees November 30, 2008 8:07 PM

Just been offered a 2004 XJR - yes the second year of the new model -  - with FJSH and 94k miles for £7,950.......its getting to the stage where I'm holding-off from buying anything because every week a more incredible deal seems to present itself - I think these times justify a regular weekly slot in the mag for a while

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