Photo: ilikewaffles11, CC BY 2.0, via Wikimedia Commons
The short answer
The E39 is the first V8 M5, sold here from 2000 to 2003 with the 394 hp S62 and a six-speed manual, the only gearbox offered.
Thescore,partbypart
84Guide Score for 2002Excellentabout $3,685 a year to own
Place among the 69 generations
About 13th of 69, likely 5th to 27th
Likely score range
76 to 92
Confidence
Medium
Acclaim
78 of 100
Chance of a bill over $10,000 in five years
16%
Best purposes
Track, 9th of 69
The seven parts and acclaim, 2002 model year
Heritage counts 16 of 100
3124% of it not measured
Engine counts 16 of 100
69
Drive feel counts 21 of 100
79
Analog connection counts 10 of 100
80
Weight counts 10 of 100
66
Long-term value not scored
not measured
Ownership counts 11 of 100
20
Acclaim counts 16 of 100
78
Each part is scored from 0 to 100 on a fixed outside scale. Acclaim comes from published expert lists, launch reviews and awards; the more acclaimed a car, the less its ownership cost counts in this all-time score (its dollars below are unchanged). A part marked not measured carries no weight for this car, and the others share its weight.
Long-term value, shown and not scored
24 prices from sources that allow this use (classiccars.com, enthusiastauto.com), read October 27, 2026: the middle one is $107,490, about 154% of the price new (77% once the price new is put in today's dollars). Asking prices sit above what cars sell for.
Long-term value starts to count in the score once 75% of the 69 generations have permitted prices. Today 43 do.
The cost to own
About $3,685 a year to own ($2,395 to $5,331), about $18,425 over five years, bought at five years old or its own age if older, kept five years.
Timing chain guides and tensioners (S62): about $3,752 over five years, common (source)
Rod bearing wear (S62): about $1,506 over five years, possible (source)
Throttle actuator failure: about $875 over five years, common (source)
Expect about $2,400 to $5,300 a year; the bills that decide it are timing chain guides and tensioners, rod bearing wear and throttle actuator failure. Bought without receipts, about a 3 in 20 chance of more than $10,000 in repairs in five years. Ownership risk: costly.
Guide Score method v5-final.14, an editorial score built only from permitted, sourced data. How it works.
S62394 hpRWD6-speed manual12 city, 19 hwy mpg
Colors it came in, most wanted first. Pick one to see the page in it.
Routine service a year, estimate
$600 to $1,200
Best year to buy
2000The best year to buy, reading 86 of 100, about $3,685 a year to own.
Why the 2000
Spared a downgrade of the 2001 to 2003 cars: Larger 6.5-inch navigation monitor (navigation standard in North America) (source, read October 27, 2026)
Years to think twice about
2001 to 2003: 84, 2 points below the 2000. Larger 6.5-inch navigation monitor (navigation standard in North America). (source, read October 27, 2026) The same cost to own, about $3,685 a year; chance of a bill over $10,000 in five years 16% to 16%.
From our log of the changes between model years, each with its source. Only changes the score reads count as reasons; recalls BMW fixes for free, options and tuning notes do not. The cost a year is for a car bought at five years old, or its own age if older, kept five years. How the score works.
Thelongeranswer
Many owners call it the best M5 of all. It is now over twenty years old: timing chain guides, VANOS and the throttle actuator are the expensive items, and a well-kept car costs real money to keep that way.
What to look for
Records for the timing chain guides and tensioners, VANOS and the throttle actuator
A cold start with no rattle
No engine warning lights
Cooling system work
A complete service history with no cheap, neglected years
What changed by year
Every E39 M5 year scores the same in the guide; the 2000 cars differ most from the rest.
2000, the first US year: Avus Blue was sold to February 2000 and Le Mans Blue from March; the extended Heritage leather and English Green interiors ended in August 2000.
From September 2000, the 2001 to 2003 cars: headlights with lit corona rings, revised tail lights, the E46 M3's thicker three-spoke wheel, gray gauges, a 6.5-inch widescreen navigation and audio unit, front parking sensors, rear head air bags and the M Audio option.
Running changes in 2000: a shut-off valve for the VANOS accumulator on most 2001 cars, new piston rings to cut oil use with 10W-60 oil in place of 5W-30, and from September 2000 wider secondary air passages; 2002 cars got a quieter clutch spring.
From September 2001 new colors (Sterling Grey, Blue Water, Chiaretto Red); from September 2002 DVD navigation, and rear side air bags standard.
On sold prices, our reading of auction results puts the 2000 cars well under the 2001 to 2003 ones like for like, and the 2003 no different from a 2001 or 2002; miles matter far more than the year.
Complete service records with the chain guides done
Original, unmodified cars
✕Hurts resale
High mileage with no guide or VANOS records
Deferred maintenance
Accident history
Modifications
For a collector the 2000 cars, which on our reading of auction results sell for less than the updated 2001 to 2003 ones
Knownissuestocheck
What goes wrong on this generation, roughly what a fix costs at an independent shop, and how to spot it before you buy. Every M5 generation compared.
Approximate proportions
High
Medium
Low
Recall, fixed free
Engine on the 2002 car
Timing chain guides and tensioners (S62)High$4,500
Ask for records of guide and tensioner replacement, and listen for chain rattle on a cold start.
Rod bearing wear (S62)Medium$3,500
Ask whether the bearings have been inspected or replaced, and listen for a knock from the bottom of the engine.
Throttle actuator failureMedium$2,500
Check for an engine warning light, and make sure the throttle responds smoothly all the way through the rev range.
VANOS wearMedium$1,500
Look for a VANOS overhaul in the records, and listen for rattling after the engine warms up.
5known issues
5NHTSA recalls, 2000 to 2003
45owner complaints to NHTSA
Timing chain guides and tensioners (S62)
The plastic chain guides and the hydraulic tensioners wear with age and miles. If the chain goes slack or a guide breaks, the engine can be destroyed.
If the chain jumps timing, bent valves are likely; if the engine is lost, a used S62 is $6.6k to $11.5k before fitting. Source: Classic Motorsports' E39 M5 buyer's guide; used-engine asking prices on eBay, October 18, 2026.
How to check
Ask for records of guide and tensioner replacement, and listen for chain rattle on a cold start.
$4,500to prevent it
High severity
Rod bearing wear (S62)
The high-revving S62 can wear its rod bearings, a failure that costs an engine. Less common than on the E46 M3's S54, but documented.
If a bearing spins: a used S62 is $6.6k to $11.5k before fitting, or a specialist rebuild $21,311. Source: Lang Racing, which sells the rebuild; used-engine asking prices on eBay, October 18, 2026.
How to check
Ask whether the bearings have been inspected or replaced, and listen for a knock from the bottom of the engine.
$3,500to prevent it
Medium severity
VANOS wear
The VANOS units, their seals and their solenoids wear, bringing a diesel-like rattle once the engine is warm and a loss of power.
How to check
Look for a VANOS overhaul in the records, and listen for rattling after the engine warms up.
$1,500est. repair
Medium severity
Cooling system aging
The water pump, radiator and expansion tank age out, and a failure can overheat the engine.
How to check
Look for a cooling system refresh in the records, and check for coolant smell or dried residue around the hoses and tank.
$1,000est. repair
Medium severity
Throttle actuator failure
The single electronic throttle actuator, which works all eight throttles through linkage rods, can fail, bringing limp mode and an engine warning light. A new actuator costs over $2,000; used units are cheaper.
How to check
Check for an engine warning light, and make sure the throttle responds smoothly all the way through the rev range.
$2,500est. repair
Medium severity
Ownership and safety
Campaign 17V047000 · Jan 20, 2017 · AIR BAGS:FRONTAL:DRIVER SIDE:INFLATOR MODULE
BMW of North America, LLC (BMW) is recalling certain 2000-2002 BMW 320i, 323i, 325i, 325xi, 330i, 330xi, 323Ci, 325Ci, 330Ci, M3, 323iT, 325iT and 325xiT vehicles, 2001-2002 525i, 530i, 540i, M5, 525iT and 540iT vehicles, and 2001-2003 X5 3.0i, X5 4.4i, and X5 4.6is vehicles. These vehicles may have had a driver-side air bag module installed as replacement equipment such as after a vehicle crash necessitating replacement of the original air bag, or as a remedy part for a prior recall. These replacement modules contain an air bag inflator that may rupture due to propellant degradation occurring after long-term exposure to lower absolute humidity, temperature and temperature cycling.
Remedy: Owners are advised not to drive their vehicles until the vehicle has been remedied. BMW will notify owners, and dealers will inspect the driver side air bag module, replacing it as necessary, free of charge. The recall began March 15, 2017. Owners may contact BMW customer service at 1-800-525-7417.
Campaign 15V318000 · May 28, 2015 · AIR BAGS:FRONTAL:DRIVER SIDE:INFLATOR MODULE
BMW of North America, LLC (BMW) is recalling certain model year 2002-2005 325i, 325xi, 330i, and 330xi Sedans, and 325xi and 325i Sportswagons, 2002-2006 330Ci, 325Ci, and M3 Convertibles and 325i, 330i, and M3 Coupes, 2002-2003 M5, 540i, 525i Sedan, and 530i Sedans, and 540i and 525i Sportswagons, and 2003 X5 3.0i and 4.4i Sports Activity Vehicles. Please note that the 5-series and X5 vehicles are only included if they are equipped with the optional sports steering wheel. The affected vehicles are equipped with a dual-stage driver frontal air bag that may be susceptible to moisture intrusion which, over time, could cause the inflator to rupture.
Remedy: Owners are advised not to drive their vehicles until the vehicle has been remedied. BMW will notify owners, and dealers will replace the front driver air bag module, free of charge. The recall began Aug 2016. Owners may contact BMW customer service at 1-800-525-7417. Note: This recall supersedes recall 14V-348 in its entirety. Additionally, vehicles that have had their driver side frontal air bag replaced previously as part of a recall remedy need to have their air bag replaced under this recall as well. Note: On December 17, 2015 BMW removed the model year 2004 X5 3.0i and 4.4i Sports Activity vehicle from this recall. Those vehicles were mistakenly identified as including the air bags that are subject to this recall.
Campaign 03V421000 · Oct 24, 2003 · AIR BAGS:FRONTAL:SENSOR/CONTROL MODULE-INACTIVE
ON CERTAIN PASSENGER VEHICLES, A MICROPROCESSOR IN THE AIR BAG CONTROL MODULE, WHICH ACTIVATES THE FRONT AIR BAGS, THE SIDE AIR BAGS, THE FRONT SEAT SAFETY BELT PRETENSIONERS, AND THE BATTERY SAFETY TERMINAL, MAY HAVE A MALFUNCTION THAT COULD LEAD TO AN UNINTENDED ACTIVATION OF ONE OR MORE OF THESE COMPONENTS.
Remedy: DEALERS WILL REPLACE THE AIR BAG CONTROL MODULE. OWNER NOTIFICATION BEGAN NOVEMBER10, 2003. OWNERS SHOULD CONTACT BMW AT 1-800-831-1117.
Campaign 01V001000 · Jan 4, 2001 · TIRES:SIDEWALL
VEHICLE DESCRIPTION: PASSENGER VEHICLES EQUIPPED WITH 18-INCH TIRES. (18-INCH TIRES ARE STANDARD EQUIPMENT ON THE M5 AND OPTIONAL EQUIPMENT ON THE 7-SERIES MODELS). THE MACHINE USED TO MOUNT AND INFLATE THE TIRES ON THE WHEELS AT THE ASSEMBLY PLANT MAY HAVE DAMAGED THE SIDEWALL OF ONE OR MORE TIRES. THE DAMAGED AREA COULD WEAKEN TO THE POINT WHERE A SUDDEN LOSS OF AIR FROM THE TIRE COULD OCCUR.
Remedy: DEALERS WILL INSPECT THE TIRES AND IF DAMAGE FROM THE MOUNTING MACHINE IS FOUND, THE TIRE WILL BE REPLACED. OWNER NOTIFICATION BEGAN MARCH 10, 2001. OWNERS WHO TAKE THEIR VEHICLES TO AN AUTHORIZED DEALER ON AN AGREED UPON SERVICE DATE AND DO NOT RECEIVE THE FREE REMEDY WITHIN A REASONABLE TIME SHOULD CONTACT BMW AT 1-800-831-1117.
Campaign 00V048000 · Feb 17, 2000 · EXTERIOR LIGHTING:BRAKE LIGHTS:SWITCH
VEHICLE DESCRIPTION: PASSENGER VEHICLES. THE BRAKE LAMPS IN THESE VEHICLES ARE CONTROLLED BY A SWITCH ACTIVATED BY THE MOVEMENT OF THE BRAKE PEDAL. THIS SWITCH COULD FAIL INTERNALLY, CAUSING IT TO REMAIN EITHER IN THE "BRAKE LAMPS OFF" POSITION OR IN THE "BRAKE LAMPS ON" POSITION.
Remedy: DEALERS WILL INSPECT AND, IF NECESSARY, REPLACE THE EXISTING BRAKE LAMP SWITCH WITH AN IMPROVED SWITCH.
Live from NHTSA, across the 2000 to 2003 model years.
Whatitcoststorun
Our estimates at an independent shop, parts and labor; fuel from the EPA.
Fuel a yearEPA
~$1,410
At about 4,000 miles a year, our estimate for a classic M car, the two-year budget's miles; 15 mpg combined, premium gasoline
Factory tiresEstimate
$1,000 to $1,500
18in staggered summer
Brakes, front and rearEstimate
$1,100 to $1,800
Pads and rotors, independent shop
Annual serviceEstimate
$600 to $1,200
Oil and inspections
Pricing tires for this car? Compare the factory sizes at Discount Tire, and ask a local shop to match it.
Maintenance schedule
Oil service, 10W-60yearly or 7.5k mi~$250
Brake fluidevery 2 yrs~$120
Cabin microfilterevery 2 yrs~$90
Spark plugsevery 60k mi~$500
Tire set, wear itemevery 15k to 25k mi~$1,250
Brake job, wear itemevery 25k to 40k mi~$1,450
Sources and methodwhat each figure covers
Fuel from EPA fueleconomy.gov: its yearly cost is for 15,000 miles with 55% city driving, moved here to the miles a year the two-year budget uses. The rest are our estimates at independent-shop and retail prices from September 2026. Service is a year of routine maintenance at 10,000 miles: one or two oil changes, brake fluid, filters, and spark plugs spread over their interval. Repairs are separate. Tires are a mounted set of summer tires; brakes are pads and rotors on both axles. Prices vary by region and shop.
Pricesnearyou
Your ZIP stays in this browser; it is sent only to look up cars listed near it.
Set your ZIP and this page shows the asking prices of M5 E39 cars listed for sale within 100 miles of you today, with the cars themselves.
Whattheysellfor
$18,500lowest example
$64,000highest example
3listings tracked
2003 BMW M5
Le Mans Blue · 39,000 mi · 6MT · RWD
$64,000listing score 66
2002 BMW M5
Titanium Silver · 88,000 mi · 6MT · RWD
$33,000listing score 63
2000 BMW M5
Jet Black · 138,000 mi · 6MT · RWD
$18,500listing score 59
Representative listings, last reviewed September 2026. Examples chosen by us, not a live feed.
The hand-built 3.6 six, the last six-cylinder M5 sold here.
This car
E39 M5
Third M5 and the first with a V8, the S62 4.9 at 394 hp, sold here with a six-speed manual only.
Then came
E60 M5
The S85 5.0 V10 at 500 hp, with SMG, or a six-speed manual in North America only.
Platform history, the BMW M5
The M5 began with the E28 in 1985, the first super sedan, hand-built with the M88 six. Every M5 since has been an executive sedan first, a missile second.
1985E28 M5The original super sedan, hand-built M88/3 six, the template for the segment.
1989E34 M5S38 six, also hand-built, as a sedan and, in Europe only, a wagon.
1998E39 M5This carS62 4.9 V8, the first V8 M5 and the all-time enthusiast favorite.
2005E60 M5S85 5.0 V10 from F1-era engineering, with SMG or, in North America, a six-speed manual. The most extreme M5.
2011F10 M5First turbo M5, S63 4.4 V8. Last manual M5 (North America only, 577 built).
2018F90 M5First M5 with M xDrive, 8-speed auto only, 627 hp CS as the halo.
2025G90 M5Plug-in hybrid S68 V8 at 717 hp with M xDrive; the G99 M5 Touring is the first M5 wagon sold in the US.
Keep it on your shortlistSaved in this browser only, ready to compare.
The report already scores the spec and takes the records; this would add the build date and option codes from the VIN, and an originality check against the window sticker. Not built yet. Press it if you would use it, and we will build it.
Not built yet. Press it if you would use it, and we will build it.
FollowtheM5
The M Index, once a month: any change to the M5's guide or score, with the reason, new recalls on M cars, and one thing to check before you buy.