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JoeC9
06-27-2012, 08:14 PM
Hey guys, I'm 18 and I got an offer from a friends dad to take his 2002 BMW 745li off his hands for 12.5. It has no marks and only 83k miles. I have the money to buy it, but is it a good deal? Like are there a lot of problems?

Many thanks.

I also love this car. It's simply beautiful.

wjjklj
06-27-2012, 08:20 PM
Too much money IMHO. Should be around $10k.

JoeC9
06-27-2012, 08:33 PM
If I get him down, how is the reliability? Won't have much money afterwards for repairs, it's its ****.

wjjklj
06-27-2012, 09:12 PM
2002 was the first year and it is the most troubled. Expect many repairs. If you have a tight budget then this is a car to stay away from. It is a great car and a real pleasure to drive but I would say you are asking for trouble in buying the 2002.

JoeC9
06-27-2012, 09:15 PM
What about a 2003? Edmunds said the 2003 has more problems than the 02.

wjjklj
06-27-2012, 09:26 PM
2002 and 2003 have the worst reliability based on everything you read. The 745 was made until 2005 and the 2006-2008 had only the 750 and 760. I have a 2004 model and it has been pretty reliable but it was a certified vehicle and I wore the warranty out fixing many things. Mine got a new transmission under warranty which cost $7000. The older ones are less reliable because they are the first years of the model and the kinks were not all worked out. They are also the oldest which makes them unreliable and more prone to maintenance. Unless you have a good bank roll I would advise you to pass. If I were buying a e65 or e66 I would look for a 2007 or 2008 still under warranty but you will pay close to $40k.

sirstopher
06-27-2012, 09:28 PM
2006 and on, I have an 02 745i, ask your friends dad to show you his paperwork on the car. This will one give you a great deal of information on the cost per year. 02 is not that bad, I have had mine now for a year and have 2500.00 extra in her.

They are expensive to maintain. Any of them...

JoeC9
06-27-2012, 09:28 PM
Yeah. I'm also wondering about the earlier years, let's say 2001. I know this isn't the right section, but what would you say. An also, isnt the transmission in BMWs suppose to last a lifetime. :p

wjjklj
06-27-2012, 09:39 PM
Yeah. I'm also wondering about the earlier years, let's say 2001. I know this isn't the right section, but what would you say. An also, isnt the transmission in BMWs suppose to last a lifetime. :p

The E38's were more reliable in my opinion. No transmission is lifetime and is a trouble spot for the e65/e66's. It really depends on how mechanical you are and what maintenance you can do yourself. Again though if you are 18 and have a tight budget I would definitely stay away for now. Save your money for a newer model.

Rookie2008
06-27-2012, 09:50 PM
Your better off in a 06 750 or newer Stay away from the 745's if you want to save money an spend more time enjoying your car rather than CRYING over it. Also try an get one WITH CPO!. 12k would be a very nice down payment. You can driver your car pretty much WORRY FREE!

sirstopher
06-27-2012, 09:50 PM
E38 is a great car, but at your age find a older m3 vert.

JoeC9
06-27-2012, 09:54 PM
I don't want a car payment. And at the above comment, I absolutely love the 7-Series more then anything. Maybe I should just write a check for a brand new 760 then get it taken away once the check bounces. :p they're such beautiful cars.

Rookie2008
06-27-2012, 09:59 PM
I hear you bro you asked I just gave you my honest oponin. I know 1st hand what this car will do to you after warranty. I have had this car sense 2006 an in the last month I spent over $4k in repairs Fuel pump, Weep hole ect. Its better to have a payment than get this car an you end up on the side of the road pulling your hair out cause you blew all your money on buying the car an have nothing in the bank for repairs. But hey its your money I wish you the best of luck my friend. Early congrats an welcome to the fest. You will find tons of info on here.

DriftGirl
06-27-2012, 11:27 PM
Yeah. I'm also wondering about the earlier years, let's say 2001. I know this isn't the right section, but what would you say. An also, isnt the transmission in BMWs suppose to last a lifetime. :p

I remember when I first heard the claims of "lifetime" tranny fluid...I giggled a little. :p

E38's are great...I still drive mine every once inna while. Air suspension, massive stereo,nice wheels..FALKEN tires, lil mods here in there...on the cheap and pretty reliable. :thumbup:

JoeC9
06-28-2012, 12:04 AM
Great thanks for all your advice. Guess I'll make my way over to that forum. (y)

jacekz
06-29-2012, 12:42 PM
Check a repair history of that car. If the whole car, in parts, has been replaced under warranty, except a chassis and wheels, I would go for it***8230;. but if any part, on which guys on this forum complain for, has not been, deduct repair cost from price. Read this forum , cost of repairs goes for thousands not hundreds

Catanzaro
06-29-2012, 05:56 PM
High cost of ownership. Car not for you

Sent from my DROID BIONIC using Bimmer App

II Kings 9:20
06-29-2012, 09:17 PM
"The prudent see danger and take refuge but the simple keep going and suffer for it"-Prov 27:12

What EVERYONE is saying- don't do it and it is WAY too much money.

sea6speed
06-29-2012, 09:29 PM
I've noticed a few people on the e46 forum looking at these cars because they're so inexpensive. They cost quite a bit more to maintain than a 3 series of the same vintage, however.

Cool cars, but you're probably better off leasing a new 740i if you're looking for a 7 series DD.

jenkx
06-29-2012, 09:59 PM
at 18 years of age do not buy this car. Repairs are very costly and believe all of us when we say you are going to have problems.

DriftGirl
06-29-2012, 10:01 PM
Great thanks for all your advice. Guess I'll make my way over to that forum. (y)

^^^^^ I think he's already moved on guys