BMW’s M-Series range of classics has typically become more desirable with each passing year. While vehicles like the M1 and the E30-based M3 were conceived initially as competition vehicles, cars like this 1988 BMW M5 focused firmly on the concept of Grand Tourers. This gem is a survivor that recently underwent a thorough mechanical refurbishment. It presents nicely and is a turnkey proposition needing nothing but a new home. The seller has listed the M5 here on eBay in Burlingame, California. They set their price at $36,000 with the option to make an offer.

BMW released the original M5 in 1984, with the First Generation version remaining on sale until 1988. Based on its E28 range, the M5 featured subtle cosmetic upgrades to differentiate it from its more “pedestrian” vehicles. These included a deeper front spoiler, a rear spoiler, 16″ alloy wheels, and a few relatively inconspicuous badges. The first owner ordered this classic in Diamond Black, and with the seller not mentioning a cosmetic restoration, it may be the factory paint. There are no significant imperfections, and with straight panels and no rust, this M5 ticks the boxes for those who can’t undertake a project build. The rear spoiler is slightly discolored, which is a common development due to age and UV exposure. The remaining trim is in good condition, and the glass is clear.

BMW based the M5 on its 535i model but performed numerous upgrades below the surface to improve performance and handling. It slotted in an updated version of the same 3.5-liter six that saw service in the legendary M1, teamed with a five-speed manual transmission. This boosted power and torque from 182hp and 214 ft/lbs to 256hp and 243 ft/lbs. The transformation was magical, with the ¼-mile ET slashed from 15.8 seconds to 14.3 seconds. However, these cars were designed as Grand Tourers that were more at home on an Autobahn than a drag strip. The verified top speed of 149mph allowed these classics to cover enormous distances effortlessly. The seller indicates that this M5 is in excellent mechanical health following significant recent work. They pulled the engine and performed a reseal. The list of new parts includes a water pump, belts, hoses, pullies, a starter, and a wide range of suspension components. The fuel system is rebuilt, making this BMW a turnkey proposition that runs and drives perfectly.

The M5 wasn’t totally focused on performance, with the interior featuring such touches as leather trim, power windows, power locks, power seats, and an upgraded radio/CD player. The deeply bolstered front buckets show no evidence of wear, with the outer edges particularly noteworthy for their spotless state. The leather-wrapped wheel is equally impressive, and there is no broken or crumbling plastic. Overall, its condition is consistent with a driver-quality classic that has been treated respectfully.

This 1988 BMW M5 presents exceptionally well, while the recent mechanical work should ensure there are no hidden gremlins. That brings us to the question of the seller’s price, and whether it is justified. It looks very competitive against recent successful sales results, but there is one point to consider. The 1988 M5 has suffered the same fate as many classics during 2024, with values generally dropping across the board. That makes its long-term investment potential questionable. However, if you crave nothing but a pure driving experience in a car offering excellent comfort, this Bimmer deserves a closer look.