One of the things Doug and I wanted to do with this column is to highlight the regional differences in car choices – not just in condition and value but the overall selection. Any surprise that humid, sunny Atlanta has a dearth of Audis while snowy Canada is awash in them?

When Doug proposed covering the E34 M5, I had a bit of a problem on my hands – they’re about as scarce as gun rights advocates in my neck of the woods. Nowadays, an M5 is simply a four-door sedan that foreign exchange students drive around the University of Toronto campus, but back then, the Audi Ur-S4 and Ur-S6 was clearly the high performance sedan of choice.

A search in the classifieds yielded no less than six Ur-S cars for sale, in varying conditions. There was everything from a true crapwagon to a real-life one-owner car, tastefully modified with relatively low km’s on the odometer. A lot of M Cars, AMG models and B5 S4s seem to be bought up by young guys with enough cash to purchase the car, but their maintenance budgets are usually diverted to buying table service and ecstasy tablets at Toronto nightclubs. These cars are easy to spot in the classifieds thanks to the poor grammar of the ad copy, the ugly rims slapped on the cars and the warning against “LOW BALLERZ AND TEST PILOTS”.

Not so with the original S-cars. They all seem to be owned by older, more mature owners who live in nice parts of town and have the money to maintain them meticulously. This car was serviced at a good independent mechanic and has relatively low mileage. It’s a nice balance between condition and price and…oh what the hell, I really like the color and those BBS wheels. I probably don’t have the stomach to deal with the maintenance requirements, but the thought of dashing through the snow with the diffs locked and the turbo signing is mighty tempting. Unless, you know, the right 500E came along…

Doug writes:

Down in Atlanta, we don’t have any Audi S4s, or Audi S6s, or really any sort of Audi except for the Q5.  You might think this is because we don’t get any snow, but the real reason is they’ve all broken down and been shipped to the north, where people care enough to fix them.

Anyway: since we don’t have any high-performance Audis from the mid-1990s, I went looking for some high-performance BMWs.  And it turns out we don’t have many of those, either.

The model I selected was the “E34” BMW M5, which was sold here from 1991 to 1993.  Only three years on the market didn’t bode well for its long-term existence, as just two showed up anywhere near me.

The first – and the least desirable – is this 1991 model.  Since it’s on Craigslist, mileage is unlisted.  This is a rule on Craigslist, much like uploading photographs of the vehicle in the smallest size possible.

The seller wants $14,800, which – at first glance – is astronomical.  I say that because the car is wearing offensively large aftermarket wheels, which, to me, is a sign of “I bought the car to look cool and have deferred every single piece of maintenance you can possibly defer.”  But on closer examination, the interior looks to be pristine, which may mean it’s been treated well.  Still: is it worth $14,800?  I have no idea, because the mileage is unlisted.

This white 1991 model on AutoTrader.com is far more enticing, largely because we know it has 117,000 miles.  We also know it has a lot of recent maintenance, as described in the ad.  Condition is excellent, and – at just $16,000 – it’s only a little more money than the one on Craigslist.

Unfortunately, those two cars are just about the only E34 M5 options available right now.

But it’s two more than the Audi S4 and S6.

BMW is recalling nearly 700 2013 M5 and M6s due to the potential for catastrophic engine failure.

The recall is related to a faulty oil pump, with NHTSA’s recall announcement stating

“Separation of the pump’s driveshaft from the rotor could lead to a sudden loss of oil pressure causing the possibility of complete engine failure, resulting in an engine stall-like condition, increasing the risk of a vehicle crash.”

A stop-sale order was issued on September 21st, but the recall won’t go into effect until later this month. Luckily, our own Alex Dykes already got his turn behind the wheel.