The 2002 BMW M5, part of the E39 generation, is a legendary high-performance sedan that graced roads from 1998 to 2003. As the pinnacle of the 5 Series, it featured a potent V8 engine and a focus on driving dynamics. Its popularity stems from its exceptional blend of supercar performance wrapped in a practical, understated sedan body. New pricing ranged from approximately $69,000 to $75,000.
The Good
The 2002 M5 boasts exhilarating performance from its V8 engine, offering a thrilling driving experience. Its sophisticated design and comfortable interior appeal to those seeking luxury. Practically, it remains a reliable performer with proper maintenance, offering surprising practicality for a performance car.
The Bad
Potential owners should be aware of common issues like VANOS system failures, rear main seal leaks, and cooling system problems. Expensive repairs are a reality with the M5, so a thorough pre-purchase inspection is crucial. Clutch wear can also be a significant expense.
2002 BMW M5: Quick Overview
- Engine: 4.9L S62 V8
- Horsepower: 394 hp @ 6,600 rpm
- Torque: 368 lb-ft @ 3,800 rpm
- Transmission: 6-speed manual
- 0-60 mph: Approximately 4.8 - 5.0 seconds
- Top Speed: Electronically limited to 155 mph (can be de-limited)
- Fuel Economy (EPA Estimated): 13 mpg city / 20 mpg highway (though real-world figures are often lower, especially with spirited driving)
- Towing Capacity: Not applicable (not designed or equipped for towing)
- Drivetrain: Rear-wheel drive
- Suspension: M-tuned sport suspension, performance-oriented
- Brakes: Larger M-specific braking system with ventilated discs
- Wheels: 18-inch M-Double Spoke alloy wheels (standard)
- Exterior Features: M-specific front and rear bumpers, side skirts, quad exhaust tips, M badges
- Interior Features: Sport seats with enhanced bolstering, M steering wheel, M shift knob, Nappa leather upholstery, specific M instrument cluster, brushed aluminum or wood trim options.
- Standard Equipment: Power-adjustable front seats, automatic climate control, premium sound system, cruise control, power windows and locks, xenon headlights.
2002 BMW M5 Specifications
Vehicle Information
| Year | 2002 |
| Make | BMW |
| Model | M5 |
| Trim | - |
| Style | - |
| Type | Sedan |
| Category | Compact Car |
Manufacturing Details
| Made In | Germany |
| Manufacturing City | GREER |
Dimensions
| Doors | 4-Door |
| Curb Weight | - |
| Gross Vehicle Weight Rating | - |
| Overall Height | - |
| Overall Length | - |
| Overall Width | - |
| Wheelbase Length | - |
| Standard Seating | - |
Engine & Performance
| Engine | 5.0-L V-8 |
| Engine Size | 5L |
| Engine Cylinders | 8 |
| Transmission | Manual |
| Transmission Type | Manual |
| Transmission Speeds | - |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | - |
| Steering Type | - |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | - |
| Invoice Price | - |
| Delivery Charges | - |
Vehicle History Report
Vehicle
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Specifications
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Events
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Market Price
Analysis
Analysis
What Problems Does the 2002 BMW M5 Have?
The 2002 BMW M5, while a marvel of engineering, is known for certain recurring issues that owners should be aware of. The most significant and costly concern is often the VANOS (Variable Valve Timing) system. These solenoids can fail, leading to a loss of low-end torque and a generally rougher engine operation. Repairing or rebuilding the VANOS system can be a substantial expense. Another common issue is the dreaded rear main seal leak, which requires dropping the transmission to repair, making it a labor-intensive and expensive fix. The cooling system is also a point of attention; radiator leaks, hose failures, and water pump issues are not uncommon and can lead to overheating if neglected. Differential seals can also leak over time. Regarding reliability, the S62 V8 engine is robust if properly maintained, but neglect can accelerate wear. Clutch replacement is a significant maintenance item, especially on higher-mileage examples, and can cost several thousand dollars. While there weren't widespread recalls specific to major mechanical failures for the 2002 model year, regular maintenance is paramount. For example, timely oil changes with the correct oil type are crucial for the longevity of the V8. The age of the vehicle means that rubber components and seals will naturally degrade, so preemptive replacement of hoses, belts, and bushings is often recommended for maintaining peak performance and preventing more severe failures. Model year specific issues are less pronounced for the 2002 M5 within the E39 generation, as it was a mature platform by this point. However, the sheer complexity of the V8 engine and its associated systems means that proactive maintenance and addressing minor issues before they become major problems are key to long-term ownership satisfaction and reliability.
How long will the 2002 BMW M5 last?
Based on owner data and maintenance habits, a well-maintained 2002 BMW M5 can reasonably be expected to serve for 150,000 to 200,000 miles, or even beyond, before major overhauls become unavoidable. The long-term durability of the S62 V8 engine is excellent, provided it receives consistent and high-quality maintenance, including regular oil changes with synthetic oil and addressing minor issues promptly. However, the weaknesses mentioned earlier, such as VANOS, rear main seals, and cooling system components, are points that tend to require attention as the vehicle ages and accumulates mileage. Transmission and clutch wear are also factors to consider over the long term. While the core engine and drivetrain are robust, the surrounding systems and components can become wear items, dictating the true long-term cost and reliability.
What Technology & Safety Features are Included?
The 2002 BMW M5 offered a blend of performance-oriented features and luxury appointments, with technology that was considered advanced for its time. Standard tech included a robust infotainment system with a color screen, navigation (often optional), a premium audio system (typically Harman Kardon in many examples), and a CD player. Climate control was automatic dual-zone. Power-adjustable front seats with memory settings were standard, enhancing comfort. For driver assistance, the M5 came equipped with ABS (Anti-lock Braking System), traction control (Dynamic Stability Control - DSC), and cruise control. Xenon headlights were standard, providing superior illumination. Optional features could include heated front seats, a power sunroof, and a universal garage door opener. In terms of safety, the 2002 M5 was equipped with front airbags and side-impact airbags. While specific IIHS or NHTSA crash test ratings for the 2002 M5 specifically are not readily available in the same way modern vehicles are rated, the E39 5 Series platform on which it is based generally performed well in crash tests of its era, featuring a strong chassis and crumple zones. The focus of the M5 was more on active safety through its superior braking and handling capabilities to avoid accidents. The advanced DSC system was a significant contributor to its safety profile, helping drivers maintain control in challenging conditions. While it lacked the plethora of advanced driver-assistance systems found in today's cars, its fundamental safety engineering was sound for the period.
What Colors Options are Available?
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In the meantime, feel free to explore the other sections for more content.
In the meantime, feel free to explore the other sections for more content.
2002 BMW M5 Prices and Market Value
When new, the 2002 BMW M5 retailed for approximately $69,000 to $75,000, depending on options and final destination charges. As a performance car with significant running costs, its depreciation was initially steeper than that of a standard 5 Series. However, the M5 has found a strong foothold in the enthusiast market, leading to a stabilization and even appreciation in value for well-maintained examples. Current used market prices for a 2002 BMW M5 typically range from $15,000 to $30,000, with pristine, low-mileage, and meticulously documented examples commanding prices at the higher end and potentially exceeding $40,000. Factors significantly affecting resale value include maintenance history, mileage, overall condition, originality, and whether the car has been modified. Enthusiast demand and the rarity of well-preserved examples are key drivers of its current market value.
2002 BMW M5 Cost of Ownership
The 2002 BMW M5 is undeniably a costly vehicle to own and maintain. Insurance premiums will be higher than for a standard sedan due to its performance and replacement value. Fuel consumption is significant, averaging around 13-16 mpg in real-world driving. Maintenance costs are substantial; routine services are expensive, and specialized M-model parts and labor are considerably more than for a non-M BMW. Repair costs, particularly for VANOS, clutch, and cooling system issues, can easily run into thousands of dollars. This is not an economical car to own; it's a performance machine with associated ownership expenses.
2002 BMW M5 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
-
City Mileage
13 miles/gallon
Highway Mileage
21 miles/gallon
2002 BMW M5 Safety Rating
NHTSA
2002 BMW M5 Recalls & Defects
AIR Bags:frontal:driver Side:inflator Module
Recall date
2015-05-28
Recall no.
15v318000
Source
NHTSA
Summary
BMW OF North America, LLC (Bmw) IS Recalling Certain Model Year 2002-2005 325i, 325xi, 330i, and 330xi Sedans, and 325xi and 325i Sportswagons, 2002-2006 330ci, 325ci, and M3 Convertibles and 325i, 330i, and M3 Coupes, 2002-2003 M5, 540i, 525i Sedan, and 530i Sedans, and 540i and 525i Sportswagons, and 2003 X5 3.0i and 4.4i Sports Activity Vehicles. Please Note That THE 5-series and X5 Vehicles ARE Only Included IF They ARE Equipped With THE Optional Sports Steering Wheel. THE Affected Vehicles ARE Equipped With A Dual-stage Driver Frontal AIR BAG That MAY BE Susceptible TO Moisture Intrusion Which, Over Time, Could Cause THE Inflator TO Rupture.
Consequence
IN THE Event OF A Crash Necessitating Deployment OF THE Driver's Frontal AIR Bag, THE Inflator Could Rupture With Metal Fragments Striking THE Driver or Other Occupants Resulting IN Serious Injury or Death.
Remedy
Owners ARE Advised NOT TO Drive Their Vehicles Until THE Vehicle HAS Been Remedied. BMW Will Notify Owners, and Dealers Will Replace THE Front Driver AIR BAG Module, Free OF Charge. THE Recall Began AUG 2016. Owners MAY Contact BMW Customer Service AT 1-800-525-7417. Note: This Recall Supersedes Recall 14v-348 IN ITS Entirety. Additionally, Vehicles That Have HAD Their Driver Side Frontal AIR BAG Replaced Previously AS Part OF A Recall Remedy Need TO Have Their AIR BAG Replaced Under This Recall AS Well. Note: ON December 17, 2015 BMW Removed THE Model Year 2004 X5 3.0i and 4.4i Sports Activity Vehicle From This Recall. Those Vehicles Were Mistakenly Identified AS Including THE AIR Bags That ARE Subject TO This Recall.
Notes
Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
AIR Bags:frontal:driver Side:inflator Module
Recall date
2017-01-20
Recall no.
17v047000
Source
NHTSA
Summary
BMW OF North America, LLC (Bmw) IS Recalling Certain 2000-2002 BMW 320i, 323i, 325i, 325xi, 330i, 330xi, 323ci, 325ci, 330ci, M3, 323it, 325it and 325xit Vehicles, 2001-2002 525i, 530i, 540i, M5, 525it and 540it Vehicles, and 2001-2003 X5 3.0i, X5 4.4i, and X5 4.6is Vehicles. These Vehicles MAY Have HAD A Driver-side AIR BAG Module Installed AS Replacement Equipment Such AS After A Vehicle Crash Necessitating Replacement OF THE Original AIR Bag, or AS A Remedy Part FOR A Prior Recall. These Replacement Modules Contain AN AIR BAG Inflator That MAY Rupture DUE TO Propellant Degradation Occurring After Long-term Exposure TO Lower Absolute Humidity, Temperature and Temperature Cycling.
Consequence
IN THE Event OF A Crash Necessitating Deployment OF THE Driver's Frontal AIR Bag, THE Inflator Could Rupture With Metal Fragments Striking THE Driver or Other Occupants Resulting IN Serious Injury or Death.
Remedy
Owners ARE Advised NOT TO Drive Their Vehicles Until THE Vehicle HAS Been Remedied. BMW Will Notify Owners, and Dealers Will Inspect THE Driver Side AIR BAG Module, Replacing IT AS Necessary, Free OF Charge. THE Recall Began March 15, 2017. Owners MAY Contact BMW Customer Service AT 1-800-525-7417.
Notes
Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
2002 BMW M5 Insurance
Insurance for a 2002 BMW M5 is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2002 BMW M5 Compare to Other Sedan?
In its era, the 2002 BMW M5 was a formidable competitor in the high-performance luxury sedan segment. Its primary rivals included the Mercedes-Benz E55 AMG and the Audi S6/RS6. In terms of raw performance, the M5's naturally aspirated V8 and precise manual transmission often gave it an edge in driver engagement over the supercharged E55 AMG or the turbocharged Audi RS6, though the latter offered more outright horsepower. The M5 excelled in offering a sublime blend of razor-sharp handling, powerful acceleration, and the practicality of a sedan. Features-wise, all three offered luxury interiors and advanced technology for their time, with BMW often being praised for its driver-centric ergonomics and the iDrive system (though not universally loved). Reliability is where the M5, and indeed many German performance cars of this era, can be a mixed bag. While the core S62 engine is robust, the complex VANOS system and other M-specific components are known potential failure points. The E55 AMG was generally considered more reliable with fewer complex electronic gremlins. The Audi RS6, with its twin-turbo V8, could also be prone to expensive repairs. Price-wise, the M5 was competitively positioned, often slightly less expensive than its direct Mercedes and Audi counterparts when new.
Similar or better alternatives from that era, depending on priorities, could include:
The M5 stands out for its unique combination of a high-revving V8, manual gearbox, and exceptional handling, making it a more analog and engaging experience than many rivals.
Similar or better alternatives from that era, depending on priorities, could include:
- Mercedes-Benz E55 AMG (W210): Offered similar performance with a supercharged V8, often perceived as more reliable and easier to maintain, though perhaps less engaging to drive.
- Audi RS6 (C5): Provided immense power with its twin-turbo V8 and Quattro all-wheel drive, a more potent option for straight-line speed but potentially more complex and costly to repair.
- Porsche 911 (996 generation): While a different body style, it offered comparable or superior performance and a more direct driving experience for enthusiasts prioritizing sports car dynamics over sedan practicality.
The M5 stands out for its unique combination of a high-revving V8, manual gearbox, and exceptional handling, making it a more analog and engaging experience than many rivals.
Final Verdict: Is the 2002 BMW M5 a Good Sedan?
The 2002 BMW M5 is ideal for the discerning driving enthusiast who appreciates a powerful, analog driving experience wrapped in a practical sedan. It's best suited for those with a mechanical inclination or a healthy budget for maintenance and repairs, as it's not an economical ownership proposition. Buying one is worthwhile if you prioritize exhilarating performance, exceptional handling, and a timeless design, and are prepared for the potential costs. A thorough pre-purchase inspection by an M-specialist is non-negotiable. Focus on well-documented maintenance history, as this is the biggest indicator of future reliability. Used is the only option, and while any example requires caution, a meticulously cared-for E39 M5 can still offer incredible value and driving pleasure for the right owner.
Drew B
Drew is a seasoned automotive expert and contributor to VinCheck.info. With nearly 15 years of experience as a former Porsche technician, he brings a wealth of hands-on knowledge to his writing. Born in North Carolina, a region renowned for its deep-rooted NASCAR culture, Drew developed a passion for cars early in life, often building and working on vehicles from a young age. At VINCheck, Drew leverages his extensive technical background to provide in-depth analyses of various vehicles. His articles often focus on engine performance, reliability, and maintenance insights, offering readers practical information grounded in real-world experience. Some of his notable contributions include reviews on the Mazda CX-5's longevity and detailed examinations of engine options for models like the 2011 Toyota Camry and Tacoma