Since BMW introduced the original M5 in 1986 as a 1987 model it has been the literal measuring stick for all full size high performance sports sedans. Over its various generations it has pushed the envelope for what a sports sedan can be; each generation has almost become a collector car from the instant they were released. As a result the M5 has been a car that has increased in value over the years, especially the original E28 version and the now mythic 3rd generation E39 model.
There is one classic M5 that seems to have been overlooked, though, and that is the 2nd generation E34 M5. That has always seemed weird to me as the E34 M5 took everything that made the original a great sports sedan and improved it in every category. Doubt that statement? Then consider that while the E28 M5 covers 0-60 in 6.3 seconds, ran the 1/4 mile in 14.6 seconds, and a top speed of 146 mph, the E34 M5 made it to 60 in only 5.6 seconds, did the 1/4 mile in 14.2 seconds, and had a top speed of 155 mph. In addition to that the E34 M5 was the last BMW M model that was basically a handmade car by the BMW M division. I have personally owned one of each of these cars and have always thought that not only was the second generation M5 the better car, but when you also consider the quality of materials, ergonomics, and overall ability of the car, that it was in many ways in a whole other category.
My Pick of the Day featured on ClassicCars.com is one of these bridesmaid M cars, a 1991 BMW M5 located in Cadillac, Michigan.
This M5 seems to be the very definition of a survivor or preservation car. According to the seller it still wears its original Alpine White paint over its original grey leather interior. They add that it is an early production date car (06/90), and numbers matching everywhere.
They go on to say that this M5 has spent its time in Arkansas, Georgia, Tennessee, and Florida and is a four-owner car. It has about 145,189 miles and is current on all maintenance. It includes the original BMW books, literature, manuals, and BMW service stamps from 1991-on and now resides in Florida.
The exterior of this 1991 BMW M5 has the original factory Alpine White paint which they verified with paint meter readings, and it has spent most of its life in southern climates with no exposure to salt or snow. It rides on 235/45ZR-17 Michelin Pilot Sport tires with 8.0-by-17-inch M system II throwing star wheels. Being original there are a few nicks, dimples, and scratches which you would expect from a 32-year-old car that has been used as intended. the car has a clean Carfax with no issues or body work other than resprayed side mirrors and bumpers.
The interior is upholstered in awesome grey bison leather with a leather steering wheel. It has power sport front seats, and the seating shows minimal wear for a 32-year-old car. This lack of wear is due to the optional Bison leather which wears much better than the standard BMW leather of the time. There are no cracks in the dash and all the gauges work with no dead pixels. It also still has its factory stereo with BMW cassette player and CD changer located in the trunk. The seller does say that there are a few issues including that the cruise control, pass. door lock rod non-op, central locking system, and driver side thigh extender do not currently work. They also add that the door cards are starting to separate a little which is a normal failing on E34 cars. Finally, they state that there is no sagging of the headliner, another common failing in E34 cars over time.
Under the hood is an exceptionally clean original s38 engine with no aftermarket modifications. I personally love the look of the individual throttle bodies on these engines, an engine that started its history in the M1. This is also unusual as with BMW M cars, many owners feel the need to add things to improve performance. These mods are always a trade off and to me an E34 M5 offers plenty of performance and does not need these. A stock M5 is always going to be worth more than the modified one, no matter how well executed the modifications are.
If you have driven an E28 M5 I would describe the difference as where the E28 M5 is more raw, the E34 version is more sophisticated. To me the driving experience in the E34 M5 always felt more capable than the E28 and was an easier car to drive at the limit.
Here’s the best part. In today’s market, where a nice original 1st generation E28 M5 will cost somewhere north of $60,000, this second generation 1991 BMW M5 is being offered for only $39,995. When you consider the difference in price and the fact that these are the last hand assembled M cars that just seems like a great deal that will not last long.
Click here to view this Pick of the Day on ClassicCars.com
