
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.
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- Median · 12 mo
- $31,750
- Sales · 12 mo
- 62
- For sale now
- 6
- Original MSRP
- $69,900Down 45% since new
Collectible

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Latest results


Sold $37,000

Sold $41,250

Sold $26,000

Sold $36,500

Sold $18,000
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.
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