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7 Series - E38 (1995 - 2001)

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  #1  
Old 08-13-2012, 05:27 PM
norcal99e38 norcal99e38 is offline
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Location: san francisco bay area
 
Join Date: Aug 2012
Posts: 3
Mein Auto: 99 740il
99 740iL - what a deal!! New to me e38...

So I think I got a great deal today, but only time will tell...
I was browsing on craigslist this morning when I saw an ad for a 99 740il for $350?
Figured it was a scam of some sort, but a few phone calls later I was standing in front of a 99 740il that was actually as described.
The body was straight and the paint looked good. Even the interior was in pretty good shape. Basically a dirty car that should look pretty sharp after a thorough cleaning...
It even started right up! and idled smoothly! and moved forward and back a dozen feet under it's own power!
201,000 miles.

The problem, as described to me, was a massive coolant leak from the rear of the engine and that an inspection had turned up a burst hose and another hose that looked about to burst.
Also, in a fit of rage, the owner had gone to the DMV and had the car junked instead of spending $$ to diagnose and fix the problem. Then the owner left the car at the shop, never to return. The guy at the shop grew tired of looking at it the last few months and figured the first person with $350 cash could take it away...

So now there is a 740il with no plates, no title, and no coolant sitting here. I did get a bill of sale at least.

Best case I can get it running again with some hoses and a solid day of cleaning, get a title (salvaged?) from the DMV for a reasonable cost, and be driving in a nice e38 for under $1000.
Worst case it gets parted out, the body gets sold for scrap metal, and I make a couple of dollars after doing some work.

I have owned a handful of 7s in the past ('79 733i, '84 733i, '87 735i, '91 750il, and a '93 740i) and am hoping that all goes well and I can get some time behind the wheel of this one.

PS. I may be in the market soon for a cheap wrecked e38 with a clean title and current registration. anyone?
anyone?
hello?

*keeping fingers crossed*
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  #2  
Old 08-15-2012, 07:53 AM
justchill justchill is offline
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Location: San Diego, CA
 
Join Date: Jul 2012
Posts: 9
Mein Auto: 98 740il
Hi, u can't retitle a junked vehicle. Only thing u can do is part it out
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  #3  
Old 08-16-2012, 09:18 AM
norcal99e38 norcal99e38 is offline
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Location: san francisco bay area
 
Join Date: Aug 2012
Posts: 3
Mein Auto: 99 740il
So I found the leak... A small heater hose at the back of the motor. It is on order and should be here today!
Then I get to try and figure out why there is oil in the water... Head/gasket? Radiator?

@justchill... In CA you can retitle and register a junked vehicle. You need to get a brake and light inspection along with a smog certificate. After paying the DMV, you recieve a "salvage" title to the vehicle. If I keep it as a driver, the salvage title doesn't matter. It is when I go to sell it that the value will take a hit.

A couple of pics...
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  #4  
Old 08-16-2012, 09:23 AM
justchill justchill is offline
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Location: San Diego, CA
 
Join Date: Jul 2012
Posts: 9
Mein Auto: 98 740il
Nice, hopefully that solves the motor issue. Good luck with the title. Let us know How it goes
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  #5  
Old 08-19-2012, 06:37 AM
BMWFatherFigure's Avatar
BMWFatherFigure BMWFatherFigure is offline
Old School
Location: Perth, Western Australia
 
Join Date: Aug 2012
Posts: 2,289
Mein Auto: E23;E30;E38;E32;E34 +
Head gasket(s) or possibly inlet manifold gasket(s) (common problem). Head gaskets can blow if engine boiled. If tranny fluid in radiator then you have a radiator problem with cooling tube in cool tank..
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  #6  
Old 09-17-2012, 10:46 AM
GVC GVC is offline
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Location: Austin, TX
 
Join Date: Sep 2012
Posts: 10
Mein Auto: 1997 BMW 740iL
Great for you, Norcal. For $350, I don't think I need to say you can't go wrong. Just got mine over the weekend and thoroughly enjoy it! Good luck.
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  #7  
Old 09-17-2012, 07:07 PM
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beemer1804 beemer1804 is offline
WAR MACHINE
Location: Pennsylvania
 
Join Date: Feb 2012
Posts: 162
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Mein Auto: 95 740IL
If you decide to resell it, please hit me up, i would like that car.

War Machine
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  #8  
Old 10-01-2012, 03:39 PM
edognight edognight is offline
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Location: St. Paul, MN
 
Join Date: Jul 2012
Posts: 127
Mein Auto: 1997 e38. schwartzx2
Pull the trigger.

good form old man. I am jealous of you disregard of sense and opportunity taking. Do it!
Then if you could find me a 750 with a bad motor, I would be forever grateful!

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  #9  
Old 10-04-2012, 08:35 PM
BimmerBro BimmerBro is offline
Mr_Bimmer
Location: Tampa
 
Join Date: May 2007
Posts: 47
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Mein Auto: 2001 Bmw 740i
If the pictures do it justice, 350 is a STEAL. Even if you cannot resell it, you can use as your daily driver and reap the bmw experience! The engine issues are little concerning but even if you have to get another engine with it having a good looking body, you are still coming out way ahead!

btw, does the seller have anymore he would like to sell? ijs
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  #10  
Old 08-05-2014, 04:56 PM
norcal99e38 norcal99e38 is offline
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Location: san francisco bay area
 
Join Date: Aug 2012
Posts: 3
Mein Auto: 99 740il
Sorry to bring back a long dormant topic but...

an update.

This car has served me well for a couple of years and about 12,000 miles but the end of the road may be here. Driving home the other day lots of bad noises started coming from the motor and the CEL came on. Made it home (only about 5 miles fortunately) and upon first inspection it seems the plastic valve guides are shot. Motor still starts and runs, but makes horrible noise. I will be pulling the valve covers/upper timing covers to confirm, but if what I suspect is the case she has driven her last mile (in my hands at least)

Anyone need some parts? want a project that is not worth the $$ it needs to make it right?

It has been a fun ride and I loved this car on the long road trips I took it...

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  #11  
Old 08-05-2014, 06:01 PM
Mayorchuck Mayorchuck is offline
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Location: Farley, MO
 
Join Date: May 2013
Posts: 707
Mein Auto: '96 740iL
Just drop your oil pan. What you find there will tell you all you need to know. You're likely to find pieces of the timing chain guide.
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