Background
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The E39 iteration of the M5 series first broke cover at the 1998 Geneva Motor Show. The first M5 to be fitted with a V8 petrol engine, it boasted an astonishing 394bhp and 369lb/ft of torque, figures that endowed the M5 with staggering performance. Handling was up there with the very best of ‘em too, thanks to the new-fangled aluminium front suspension and a multi-link rear that was both lower and stiffer than the standard 5-series.
More than 20,000 were eventually built, but rather than commission others to build the car for them, BMW decided to build the M5 alongside the regular 5-series at the Dingolfing factory in Germany.
But please don’t think that this cost-cutting exercise diluted the magic, because many consider the E39 to be the finest M5 of them all. With a top speed of more than 186mph when derestricted (the standard cars are limited to a killjoy 155mph…) and a 0-62mph time of just 4.8 seconds, the M5 is still a seriously fast car.
That high-tech suspension paid its way, too. You might know better but we think the E39 M5 might just be the first car to start the obsession car manufacturers have with Nürburgring lap times, and while that might be fanciful thinking on our part, the stone-cold reality is that a standard E39 M5 lapped the circuit in just eight minutes and 20 seconds.
Facelifted in September 2000, the M5 gained its ‘Angel Eye’ headlights, a design mis-step that wrote a hitherto blank page in the aftermarket retailer’s handbook…
On a brighter note, the facelifted car also featured a few interior upgrades plus another couple of exterior colours in the palette for subsequent years. It was, as you might have gathered, a very modest facelift but when a car is this good, you’d be daft to make too many changes.
Only ever offered as a saloon – although at least one factory estate was built for testing purposes - the M5’s V8 engine is a thing of beauty. Most of the time.
Fitted with individual throttle bodies, an aluminium block and heads, and a semi-dry sump, its racing credentials were further bolstered by variable valve timing via the infamous dual-VANOS (VAriable NOckenwellenSteuerung, or variable camshaft in German) system.
VANOS works brilliantly – when it works. The trouble is when it doesn’t it has the unfortunate tendency to lunch its solenoids, an act of self-cannibalism results in a loss of torque and power at high revs, a rough idle, poor cold starting, and even the activation of ‘limp mode’ after burying the throttle. Post-facelift cars might be much less prone to problems than the early cars but it’s worth checking to see if the VANOS system has been rebuilt no matter what model-year you’re looking at.
The gearbox was always a six-speed manual, and the rear differential was a limited-slip unit for improved handling and traction. A Sport button firms up the steering and alters the throttle response for even more driver involvement during spirited helmsmanship, and two-piece brake discs help cut down the car’s unsprung weight.







