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  #1  
Old 07-24-2009, 09:39 AM
gchupp gchupp is offline
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01 740i - did I make a mistake??

Just bought this on ebay...did I screw up?? BMW : 7-Series Item number: 250469072464. ebay LINK HERE.

I think I jumped the gun........really high mileage. Mistake???




Last edited by M.Wong; 07-24-2009 at 02:22 PM. Reason: Photo and link added
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  #2  
Old 07-24-2009, 08:07 PM
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M.Wong M.Wong is offline
E38 E91 (R56 E30 E39)
Location: Seattle WA
 
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High mileage? Hard to say. Purchased without an inspection (regardless of mileage) might be more of a concern. It's hard to define a mistake... the selling price seems attractive, but just make sure you have additional money budgeted to fix what it needs.
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E38 2000 740iL Orient Blue
E91 2012 328xiT Alpine White

Passed on to new families:
E30 1987 325i Royal Blue
E39 2003 540i/6 Sterling Gray
R56 2010 Mini Cooper S British Racing Green


  #3  
Old 07-25-2009, 04:14 PM
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dannyc9997 dannyc9997 is offline
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At that mileage just be ready to do a fair share of work to the car. The PO probably dumped it because the car needs major work, timing cover, rear main and valley pan gaskets are needed. I can just about personally guarantee that.
  #4  
Old 07-25-2009, 06:25 PM
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wilk187 wilk187 is offline
2001 740il Sport, RIP
Location: Nashville
 
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Thats a great buy for 5k...the miles are a bit high to be the next owner, but if the car was taken care of, you'll be a happy man..my 01 now has 155k on the clock and it runs and looks like it has 20k on it..Now granted i've done almost every repair myself since i bought it at 50k miles. Add www.e38.org to your favorites and learn how to do the eaiser maintenace yourself. If you do, you'll save a ton of money and ensure that you've gotten great value.
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  #5  
Old 07-25-2009, 06:29 PM
gchupp gchupp is offline
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I was torn between a 2001 Audi A6 4.2l and this. The A6 had 142k miles on it and the price was roughly the same.
As for the gaskets, how do I know if they need to be replaced? Will I see oil leaks?
  #6  
Old 07-26-2009, 06:11 AM
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dannyc9997 dannyc9997 is offline
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Quote:
Originally Posted by gchupp View Post
I was torn between a 2001 Audi A6 4.2l and this. The A6 had 142k miles on it and the price was roughly the same.
As for the gaskets, how do I know if they need to be replaced? Will I see oil leaks?
Youll need a lift to get the true story of what your car needs. Check around the timing and valve cover areas, clean any oil residue. Drive the car for a week or so and see if the oil has re-appeared. If your not the mechanic type, your best bet is to make friends with an independent shop in your area ASAP.
  #7  
Old 07-26-2009, 06:33 AM
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wilk187 wilk187 is offline
2001 740il Sport, RIP
Location: Nashville
 
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Mein Auto: 2006 750i Sport, '13 QX56
Quote:
Originally Posted by gchupp View Post
I was torn between a 2001 Audi A6 4.2l and this. The A6 had 142k miles on it and the price was roughly the same.
As for the gaskets, how do I know if they need to be replaced? Will I see oil leaks?

The 4.4L V8 is one of bmw's best motors..The failures/issues that you have are going to be very common for everyone that has these cars..The gaskets are a common failure and you'll probably see oil leaking from the lower oil pan when you change the oil or you'll see oil pooling when you change the spark plugs.

bottom line, if you have the cars maintenance history, cross reference it with the list of common 740 breakdowns (on e38.org) If you don't have the history, you need to assume the previous owner has done nothing..Start with the small stuff like oil change, brakes, then take car of other common failure items (coolant hoses, coolant overflow/expansion tank) as you have extra time and money. And remember!!!! Use the internet to buy parts whenever possible!!!

oembimmerparts, autohausaz, ebay, bavarian autosport, bavarian recycling (in california)
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  #8  
Old 07-26-2009, 09:19 AM
vmijj91 vmijj91 is offline
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Location: Ohio
 
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Mein Auto: 2001 BMW 740IL
I bought and 01 740IL about a year ago with 89K, I just turned 100K. I have done some minor repair, but I am happy with my purchase. As others have said, www.e38.org is a great site.
  #9  
Old 07-29-2009, 11:22 PM
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CodyItaliano CodyItaliano is offline
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i say for the price, it was a good deal. like everyone else is saying, you may have to dump a little money into it. but in comparison with the A8, you probably have made a good choice. the A8 is much more expensive to fix as parts just arent as abundant. i've know a few A8 owners, i feel sorry for them when things need fixing.

my E38 has been well maintained by the previous owners. but i do know that i will eventually have to fix something, what i dont know. so far, just the nav unit in the trunk has gone out and been replaced. it wasnt working when i bought it. for what the car is, i think i made a good choice since i've always wanted a big 7 series. its a hell of a car.

now since you've already bought it, just drive it gently at first and pay close attention to everything. do the maintenance on it and you'll find what is and what isnt wrong with it. hopefully nothing. i love them in white too.
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  #10  
Old 07-30-2009, 02:14 AM
Palzo Palzo is offline
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I dont think that the miles are to high, I had more on 528i 96 and it was all good now on 740iL i have about 600k+ KM (not sure how many miles are that) and it all depending on the owner how he did take care of the care, how did he changed the oil, the intervals and what kind of oil he used, and also everything..
  #11  
Old 08-13-2009, 04:23 PM
DJ_GMONEY DJ_GMONEY is offline
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Mein Auto: '98 740IL
Nice looking ride for the price. Did you try to get like a 30 day warranty. My '98 was leaking more oil than the exxon valdez when i bought but luckily it was still under warranty. Gaskets leaked, rear main seal leaked and two of the three power steering hoses leaked. The dealer spent $2500 in repairs just to fix those leaks and he took it to the shop he does business with. You can double that if you went to a BMW dealer. I urge you to spend a couple hundred dollars and have the car checked out. Make sure you take it to someone who knows about BMW's. One other thing, make sure when they put your car up on the lift to use the jack points. I have a dent under my car from the shop putting the lift in the wrong spot.
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  #12  
Old 08-17-2009, 12:19 PM
mandrews1119 mandrews1119 is offline
E38 - Flight on 4 wheels!
Location: Atlanta, GA., USA.
 
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Mein Auto: 2001 750ilA
Congratulations and welcome to the club. Pricing and bargains are relative and subject to a few points. Mileage, condition of the car, options, etc. As long as you didn't overpay KBB or say Edmunds by way too much, I'd say price wise you are okay. Some of our cars come very well maintained, others not so. As has been quoted given your purchase, act as if NOTHING has been done and go from there. There will be the "usual" things needing attention, hopefully you won't need much more than that to be done. After that, enjoy the car. This is one of the best sources for the car you'll find so visit often. If you are happy, so are we. We all acquired our cars in different ways, best thing is that you have an E38 to enjoy.
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  #13  
Old 08-17-2009, 05:16 PM
NRG1975 NRG1975 is offline
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That is a 2000.

You are aware that is a 2000, correct?
  #14  
Old 08-17-2009, 09:15 PM
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M.Wong M.Wong is offline
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Quote:
Originally Posted by NRG1975 View Post
You are aware that is a 2000, correct?
Actually, a 3/00 build date on the E38 is a 2001 model year.

1999
Mild face-lift with scalloped headlights, crystallized tail lamps, door scoop illumination, and chrome strip on the trunk. The 4.4 liter engine receives VANOS variable valve timing and torque rises from 310 to 324. Updated side skirts without the round hole plugs for the jack. Sport package consisting of 18-inch rims, blackout trim, lower gear ratio, and vavona redwood interior trim became available on the 740i.
Note, 1999 model year had a shorter production period, from 9/98 to 2/99.

2000
Build dates: 3/99 to 2/00.
Features as standard that were options before. Xenon lights, rain sensing wipers, headlight washer nozzles, Navigation, DSP stereo with cassette in the dash and 6 disk changer in the trunk. Sport package became available on 740iL/750iL models, sans the lower gearing.

2001
Build dates: 3/00-8/00 had regular screen NAV.
Build dates: 9/00-7/01 had wide screen NAV.

For the last year, they added body colored side skirts, and front and rear air dams (all were black until 2001) and crystal clear turn signals. Features as standard that were options before, StarTac phone with mayday system, 16 way comfort seats.



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E38 2000 740iL Orient Blue
E91 2012 328xiT Alpine White

Passed on to new families:
E30 1987 325i Royal Blue
E39 2003 540i/6 Sterling Gray
R56 2010 Mini Cooper S British Racing Green


  #15  
Old 08-18-2009, 01:32 PM
750Li2006 750Li2006 is offline
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Caution

The little red arrow on the display beneath the mileage indicates that there is a fault - could be a windshield washer code, or it could be something more serious like a "prog transmission" code. In general, I'd be very wary of any diagnostic fault codes (service engine) as they usually indicate expensive repairs especially on higher mileage BMWs - hopefully not the case for you - but you should know whether or not the seller is representing anything in the way of clear service codes. And, this is not always fool proof as they can be temporarily reset by most any garage.
  #16  
Old 08-23-2009, 09:07 PM
2004BMW325Ci 2004BMW325Ci is offline
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For $5,100, I think you got a steal---even considering the high mileage. I was actually looking at the same car only in black w/ 114k but it had too many interior fit problems (stuff wouldn't open/close right, etc.) for me to pull the trigger. I think the 740i with sport package is arguably the best looking BMW ever built. True, you're going to have to spend some money on maintenance but even if you have to throw 3 grand into it within a year I think you still got a good deal. Congratulations!
  #17  
Old 08-26-2009, 02:02 AM
mrnemo mrnemo is offline
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I think that car looks really good for the price. I am about to make a similar call on a car with 165. It seems like so many miles, but I can't help but be attracted to the car I'm checking out.
  #18  
Old 08-26-2009, 02:45 AM
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iReef iReef is offline
7 series are the cleanest
Location: Fresno
 
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Thats not a bad deal, it looks good just don't like the clear front turn signals. but who am I. the miles are high but I haven't heard really bad things about those engines.
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  #19  
Old 10-14-2009, 06:47 PM
srein1 srein1 is offline
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Mein Auto: 2000 740i orient blue
Nice looking car. If you are going to drive it you will have to be prepared for some work but for that price you could part it out and make a good bit of money. Did I mention I was looking for some parts?
  #20  
Old 10-14-2009, 11:31 PM
aje00325 aje00325 is offline
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Valuable information.
  #21  
Old 10-17-2009, 11:28 PM
tromp tromp is offline
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Mein Auto: 2001-740il
may also wanna check all the suspension....
  #22  
Old 10-25-2009, 01:16 PM
Jayccel Jayccel is offline
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Quote:
Originally Posted by M.Wong View Post
High mileage? Hard to say. Purchased without an inspection (regardless of mileage) might be more of a concern. It's hard to define a mistake... the selling price seems attractive, but just make sure you have additional money budgeted to fix what it needs.
I agree. A PPI is mandatory prior to taking delivery of any e38.
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  #23  
Old 10-27-2009, 01:17 AM
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CodyItaliano CodyItaliano is offline
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i wonder how its going for this guy? personally, my perchase of my E38 has been a fairly pleasant experience. the only things that went on mine were the window regulators. i didnt have to pay for the navigation to get fixed though. the E38 seems to be a very solidly made car.
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manufactured: 7/01
color: anthrecite metallic
wheels: style 89 E66, 19X9F 19X10R
ext. lighting: 8000k D2S & LED plate light
*want to get sport rear diff*
 

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