BMW M5

1998 to 2003 · Sedan

A 1998 BMW M5 cost $69,900 new. Over the past 12 months, 62 have sold publicly at a median of $31,750. The Shifty Estimate for a well-kept example is $38,600. Across the sales we have on file, prices ran from $15,250 to $175,000, depending on mileage, color, and history.

Free to follow · no card needed · Also on iPhone

Shifty Estimate
$38,600
High confidence · $18K to $48K
Down 7.8% over 12 months
Median · 12 mo
$31,750
Sales · 12 mo
62
For sale now
6
Original MSRP
$69,900Down 45% since new

The market

Every recorded 1998 BMW M5 sale, by date and price
Oct 2026 · Bring a Trailer
$20,500 · 121,000 mi · Sterling Gray Metallic
See this car
$50k$100k$150kMar 20252026SHIFTY ESTIMATE $39k
Sold Bid to, not sold
63 sales · 19 unsoldmedian $32kupdated Oct 2026

Community

Latest results

The newest 1998 BMW M5 sales with photographs
1998 BMW M5, sold Oct 2026

Sold $30,000

2000 · Titanium Silver Metallic · 130,700 mi
Oct 27, 2026 · Cars & Bids
1998 BMW M5, sold Oct 2026

Sold $37,000

2002 · Jet Black · 112,000 mi
Oct 22, 2026 · Bring a Trailer
1998 BMW M5, sold Oct 2026

Sold $41,250

2003 · Carbon Black Metallic · 70,000 mi
Oct 8, 2026 · Bring a Trailer
1998 BMW M5, sold Oct 2026

Sold $26,000

2002 · Sterling Gray Metallic · 124,000 mi
Oct 6, 2026 · Bring a Trailer
1998 BMW M5, sold Oct 2026

Sold $36,500

2002 · Carbon Black Metallic · 93,000 mi
Oct 5, 2026 · Bring a Trailer
1998 BMW M5, sold Sep 2026

Sold $18,000

2000 · Carbon Black Metallic · 149,512 mi
Sep 25, 2026 · Hemmings
Other M5 generations

Specifications

Engine
V8, 4.9L
Power
394 hp
Torque
369 lb-ft
0 to 60
5.3 s
Top speed
155 mph
Transmission
Manual
Drivetrain
RWD
Original MSRP
$69,900

Common questions

How much does a BMW M5 cost?

A 1998 BMW M5 cost $69,900 new. Over the past 12 months, 62 have sold publicly at a median of $31,750. The Shifty Estimate for a well-kept example is $38,600. Across the sales we have on file, prices ran from $15,250 to $175,000, depending on mileage, color, and history.

What is a 1998 BMW M5 worth today?

The Shifty Estimate is $38,600, down 7.8% over the past 12 months. That sits above the $31,750 median of actual sales because the median counts every car that sold, including high-mileage examples, while the estimate describes a clean, low-mileage one bought today. Confidence is high: 62 public sales in a year gives a firm read.

Is a BMW M5 a good investment?

It has depreciated 45% against its $69,900 list price. Values are down 7.8% over the past 12 months. The caution is spread, not direction: across the sales we have on file, prices ran from $15,250 to $175,000, and mileage explains most of that.

How many BMW M5 have sold?

Shifty has 65 public sales of the BMW M5 on file. The earliest was on Mar 6, 2025.

What has a BMW M5 sold for at auction?

The 3 most recent public sales we have on file:

  • $20,500Oct 29, 2026Sterling Gray Metallic · 121,000 mi
  • $30,000Oct 27, 2026Titanium Silver Metallic · 130,700 mi
  • $37,000Oct 22, 2026Jet Black · 112,000 mi

How many BMW M5 are for sale right now?

Shifty tracks 6 listings of the BMW M5 for sale right now.

About the 1998 BMW M5

The E39 M5 represents BMW M's finest hour, a perfect storm of naturally aspirated V8 fury and executive sedan refinement. Its hand-built 4.9-liter S62 V8 produces 394 horsepower, propelling this autobahn missile to 60 mph in 4.8 seconds while maintaining four-door practicality. Only available with a six-speed manual, it's the last of the analog M5s before electronic intervention took hold. BMW built just 20,482 worldwide, making clean examples increasingly coveted. The E39's timeless Chris Bangle-penned silhouette aged gracefully, while its chassis dynamics still shame modern sports sedans. Collectors prize low-mileage examples, particularly in Imola Red or Carbon Black, as values have steadily climbed. This generation bridged BMW's old-school ethos with modern performance, creating what many consider the greatest M5 ever built. Finding an unmolested example with service records is becoming the holy grail for serious BMW collectors.

Sales and listings

Showing 20 of 94 on file

Free: the 2027 Collector Car Outlook.