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E39 (1997 - 2003)
The BMW 5-Series (E39 chassis) was introduced in the United States as a 1997 model year car and lasted until the 2004 when the E60 chassis was released. The United States saw several variations including the 525i, 528i, 530i and 540i. -- View the E39 Wiki

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  #76  
Old 01-14-2008, 09:36 AM
dbruce dbruce is offline
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Quote:
Originally Posted by franka View Post
Seems you should sell any BMWs you own and move on.
I buy all my cars used and have a mechanic friend that puts whatever I buy up to spec on the cheap. I generally budget 1k for "up to spec costs." The E39 is at 3K due to the typical ABS module death and a complete suspension and brake refresh.....so I'm 2K over budget. Rear suspension I need to do, major issues on the Touring due to the subframe, so I'll be in at least another 1k next year.

Bought car at 70k and will sell by 100K. In the 2 or 3 years I'll have it, I'll still be well under what a newer car would cost me.........but I expect significantly more shop time then what I'm used to. Whatever I buy is always sold in significantly better shape then when I bought it.

I even picked up an external temp monitoring system for the engine that alarms.......just to make sure I don't get any surprises. Never had to buy one of those before.
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  #77  
Old 01-14-2008, 09:37 AM
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1Dreamer 1Dreamer is offline
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Quote:
Originally Posted by franka View Post
That quote in post 74 is NOT mine. Pls correct it
I did. The way he had it formatted made it look like your post when I hit the button and didn't realize it until I saw the post. Sorry.
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  #78  
Old 01-14-2008, 10:08 AM
beemer540ia beemer540ia is offline
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I am waiting for BMW. They told me January 18th they will determine what they are going to do.
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  #79  
Old 01-14-2008, 10:32 AM
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Blinky330XI Blinky330XI is offline
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subscribe..

I have Commerce as well, interesting to see how this plays out.

Sorry for your immediate loss.
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  #80  
Old 01-14-2008, 10:45 AM
beemer540ia beemer540ia is offline
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Commerce Insurance

Commerce has stated, quickly I might add that they are not paying for any damages caused by electrical or mechanical failures. I asked them if I had a steering rod break and I smashed into a guard rail and totalled my car would they cover me? They answered with SILENCE! Commerce is the WORST insurance company out there. I am now looking for a better company and I advise everyone out here to dump commerce!
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  #81  
Old 01-14-2008, 12:20 PM
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MatWiz MatWiz is offline
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Originally Posted by Blinky330XI View Post
subscribe..

I have Commerce as well, interesting to see how this plays out.

Sorry for your immediate loss.
Switch company. Quickly. Before something happens.

mw
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  #82  
Old 01-14-2008, 12:35 PM
franka franka is offline
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Quote:
Originally Posted by dbruce View Post
I buy all my cars used and have a mechanic friend that puts whatever I buy up to spec on the cheap. I generally budget 1k for "up to spec costs." The E39 is at 3K due to the typical ABS module death and a complete suspension and brake refresh.....so I'm 2K over budget. Rear suspension I need to do, major issues on the Touring due to the subframe, so I'll be in at least another 1k next year.

Bought car at 70k and will sell by 100K. In the 2 or 3 years I'll have it, I'll still be well under what a newer car would cost me.........but I expect significantly more shop time then what I'm used to. Whatever I buy is always sold in significantly better shape then when I bought it.

I even picked up an external temp monitoring system for the engine that alarms.......just to make sure I don't get any surprises. Never had to buy one of those before.
Sounds like a policy to maximize your costs. You get the car into good shape and then dump it only to start on the next one.
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  #83  
Old 01-14-2008, 01:41 PM
dbruce dbruce is offline
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Originally Posted by franka View Post
Sounds like a policy to maximize your costs. You get the car into good shape and then dump it only to start on the next one.
Just can't sell a car in poor working order. By the time three years passes, I'm bored of whatever I have and move to the next one. Last car I sold went for above book (since bluebook is a rip.....it was in very good shape).

Since the E39 was purchased cheap....I expected most of the repairs. The ABS took me by surprise. Since I buy my cars for around 10K, not exactly a fortune compared to what the typical BMW owner spends in a few years of depreciation, even with the cost of repairs.
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  #84  
Old 01-15-2008, 10:03 AM
bmweb bmweb is offline
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Would sealing or rerouting said wiring harness prevent it from shorting and therefore eliminate this potential fire hazard?

Perhaps a simple mod could save a lot of cars?
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  #85  
Old 01-15-2008, 10:13 AM
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Brian McKinney Brian McKinney is offline
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never even heard of commerce...oh well best of luck with BMWNA
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  #86  
Old 01-15-2008, 03:52 PM
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Ågent99 Ågent99 is offline
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Point Commerce to this thread and tell them how they are losing customers over this!
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  #87  
Old 01-15-2008, 08:27 PM
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Does Commerce Insurance has any connection to Commerce Bank??

mw
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  #88  
Old 01-16-2008, 08:48 AM
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God! Seeing all these 540i fires makes me question whether I really want to get one or not! VERY SCARY!
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  #89  
Old 01-16-2008, 10:12 AM
franka franka is offline
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Quote:
Originally Posted by bradley01 View Post
God! Seeing all these 540i fires makes me question whether I really want to get one or not! VERY SCARY!
I've been on this forum for years and have not heard anything about fire until now. I think it's been blown way out of proportion.
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  #90  
Old 01-16-2008, 10:58 AM
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Quote:
Originally Posted by bradley01 View Post
God! Seeing all these 540i fires makes me question whether I really want to get one or not! VERY SCARY!
3 members have reported fires in the last month which is really odd. I never remembered reading about one before in my (almost) 3.5 years on the fest. There may be others, but a quick limited search turned up one other 540 fire reported a couple of years ago along with a couple of e46 fires, so I'm not sure you'd have anything less to worry about if you kept your e46 - if you seriously worry about such things. Honestly, it's like saying you're not sure you want to drive after reading about all the accidents on freeways - and your chances of getting in an accident and having your car burn up that way are much higher.
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  #91  
Old 01-17-2008, 08:41 AM
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Al's540i Al's540i is offline
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Any updates to this thread?!?! I'm curious to know what BMW or DOT found.
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  #92  
Old 01-18-2008, 07:30 PM
Viktor Viktor is offline
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Its the 18th! What happened?
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  #93  
Old 02-02-2008, 11:49 AM
beemer540ia beemer540ia is offline
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540ia caught fire conclusion

BMW of North America sent an engineer to look at my car and the damages. They determined that the thermostat failed and caused a short in the electrical wiring. BMW claims that if I brought my car in for regular 'unscheduled' maintenance that they would have caught the wire aging and replaced it. Let me remind you that the wiring harnes and labor is about $1,500.00 not that I think my wiring harness would goto crap in 7 years! BMW seemed to learn something from this and are looking at ways to improve future models so this does not happen with newer models. Not much they can do for us. So my word of caution to all BMW owners; Do no rely on your car telling you to take it in for service! I always brought mine in when a check engine light came on, or it needed an oil change. This is not the case with BMW. You need to just bring it in so many miles to have a look by BMW. I can guarantee that anytime yuo do bring it in they WILL find something to replace and most likely it will cost you over $1k.

I must say BMW did offer me a favorable settlement for the damages, which I can't talk about but they did free my mind about buying another BMW in my future.

Take Care and Safe Cruising!
Beemer...
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  #94  
Old 02-02-2008, 01:04 PM
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Brian McKinney Brian McKinney is offline
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very cool news, they are probably going to hook you up with a sweet lease deal on a new ride or a big dscount on a new BMW..my best guess would assume that.makes sense.
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  #95  
Old 02-02-2008, 01:17 PM
beemer540ia beemer540ia is offline
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All in all they treated me well. They needed time to figure out what the hell happened, then determine what would be the best treatment so that I will continue to buy BMW's and recommend to my associates. Everyone on my companies management staff owns a BMW! I have the only 540 :-)

Considering a new 6 series now for 08.
Beemer
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  #96  
Old 02-02-2008, 01:26 PM
danny540bmw danny540bmw is offline
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my 1996 540 caught fire due to a faulty thermostat, it melted half of the wiring loom in the engine bay, luckily it was in BMW at the time so they felt obliged to put it right, they say it cost £200 to fix...
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  #97  
Old 02-02-2008, 06:58 PM
CHU NOH CHU NOH is offline
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Wow, this is interesting and does put me at somewhat of an uneasy state of mind as I just recently purchased a 540i/6 Sport Package w/ 161,XXX...

by the way, Im glad to hear BMW took care of you and do feel bad for how your insurance company did you wrong.

However I have not experienced any problems of this nature but I did just have my fan clutch go out a few days ago and pretty much destroyed A LOT of things including my hood. $2500.00 in damages but thats a whole different story.

I hadnt expected much when I purchased the car due to the fact that I purchased it farily cheap and also there were no service records for it but I did not expect my first repair to be something of this degree.
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  #98  
Old 02-02-2008, 10:51 PM
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Quote:
Originally Posted by CHU NOH View Post
Wow, this is interesting and does put me at somewhat of an uneasy state of mind as I just recently purchased a 540i/6 Sport Package w/ 161,XXX...

by the way, Im glad to hear BMW took care of you and do feel bad for how your insurance company did you wrong.

However I have not experienced any problems of this nature but I did just have my fan clutch go out a few days ago and pretty much destroyed A LOT of things including my hood. $2500.00 in damages but thats a whole different story.

I hadnt expected much when I purchased the car due to the fact that I purchased it farily cheap and also there were no service records for it but I did not expect my first repair to be something of this degree.

Man, I'm sure glad that I replaced my fan clutch before all of that happened. It had been making funny clicking sounds as it was wearing out around 110,000 miles. Glad I went ahead and replaced it quickly.
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  #99  
Old 02-02-2008, 11:21 PM
GSXRYDER GSXRYDER is offline
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Commerce

SUX...

Glad I don't have them and you bet ur butt we all will be looking at those thermostat wires...


GL
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Last edited by GSXRYDER; 02-02-2008 at 11:26 PM. Reason: forgot
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  #100  
Old 02-03-2008, 11:21 AM
Viktor Viktor is offline
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Originally Posted by GSXRYDER View Post
SUX...

Glad I don't have them and you bet ur butt we all will be looking at those thermostat wires...


GL

I did. even though mine isn't a 540, turns out my thermostat was in sitting there pieces. I don't know how. But my mechanic showed it to me, it was the strangest thing to me.
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