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1998
BMW 540

Starts at:
$88,900
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New 1998 BMW 540
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Available trims

See the differences side-by-side to compare trims.
  • 540IA 4dr Sdn 5-Spd Auto
    Starts at
    $50,500
    18 City / 24 Hwy
    MPG
    5
    Seat capacity
    Gas V8
    Engine
    Rear Wheel Drive
    Drivetrain
    See all specs
  • 540I 4dr Sdn 6-Spd Manual
    Starts at
    $53,300
    15 City / 24 Hwy
    MPG
    5
    Seat capacity
    Gas V8
    Engine
    Rear Wheel Drive
    Drivetrain
    See all specs
  • 540IP 4dr Protection Sdn 5-Spd Auto
    Starts at
    $88,900
    18 City / 24 Hwy
    MPG
    4
    Seat capacity
    Gas V8
    Engine
    Rear Wheel Drive
    Drivetrain
    See all specs

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Expert 1998 BMW 540 review

our expert's take
Our expert's take
By
Full article
our expert's take

If F. Scott Fitzgerald were writing The Great Gatsby today instead of the 1920s, he surely would have put the wealthy, yet tragically flawed main character, Jay Gatsby, in the BMW 540i Sport. At $55,170, it’s truly the plaything of the rich and famous – and brainless, says Anita.

He: You know, sometimes you drive me crazy, Miss Daisy. This is truly one of the finest cars we’ve driven in the past year, and all you do is complain, complain, complain. Virtually everything about the 540i is so exceptional – from its superb twin-cam 4.4-liter V-8 to one of the world’s great touring suspensions – about the only thing you can criticize is how relevant or useful this BMW may be on American roads.

She: You mean, to American women. I was reminded of feminist Gloria Steinem as I drove the BMW for miles and miles on the freeways in Michigan, never ever finding the need to shift into the sixth gear. Gloria said, “A woman needs a man like a fish needs a bicycle.” I think a woman needs a six-speed like she needs a … well, you know.

He: This is coming from a woman who still owns the three-speed bicycle that she got in the fifth grade. A bicycle, I might add, that no self-respecting fish would be seen on. How can you fault a car with such incredible road-holding ability, with such sensational performance and with such an impressive array of safety features? The 5 series this year offers BMW’s new inflatable Head Protection System, which cushions and protects your head in a side impact. This is in addition to standard side air bags for front passengers and optional side bags in the rear.

She: I wish it came with an optional bag you could cover it with when you parked. The arctic silver test car we drove just looked like it was dripping with status, so much so that I felt funny parking it in most urban settings. I realize that’s a cultural problem, not a car problem, but it’s something that women think of when they make purchase decisions. It’s why those vanilla Toyota Camrys are so popular with us. They allow us to fly beneath the radar of a lot of troublemakers.

He: How do you explain all those women driving vanilla Lincoln Navigators? And while we’re on the subject of six-speeds, the extra top gear actually makes sense in the BMW. Use it at freeway speeds, and you’ll notice a marked improvement in gas mileage. The EPA rates the 540i at 15 mpg in city driving, which makes it subject to a $1,300 gas-guzzler penalty. However, on the highway, you can expect to get 24-25 mpg because the engine and transmission are so efficient at high speeds.

She: I know the 540i comes with lots of goodies, such as automatic climate control with zones for driver and passenger, and power windows with one-touch up and down on all four windows. But you can get nearly the same features on a Cadillac Seville STS, which costs only $47,000 and you won’t pay a guzzler tax. My problem with the 540i is that you are paying a premium for the BMW name.

He: Exactly. What do you think the attraction is to many people? That BMW name typifies world-class performance and quality. Let’s face it. This is a benchmark car, with few peers. The new Lexus GS 400 gives it a run for the money, but lacks the BMW cachet. A Jaguar XJ8 may look prettier, but if you do lots of high-speed driving every day – and you really love to drive – I think you’re going to prefer the BMW.

She: We drove the Sport version, which includes a firmer suspension, 17-inch wheels and tires, fancy seats and something BMW calls the Shadowline trim package, with matte-black window frames, door sills and bumper strips. I wish we would have had the “Security Car” version of the 540i, which is available as a special order vehicle. BMW refers to this as a “light-armored” vehicle, with Aramid-fiber layers in the doors, roof and rear deck, plus bulletproof glass, run-flat tires and a special communications system. Now that makes more sense to me than ix speeds.

He: So if Fitzgerald were to follow Steinem’s advice, would he have put Gatsby in a BMW – or would you prefer Jay walking?

1998 BMW 540i Sport

Type: Front-engine, rear-wheel drive, five-passenger luxury/sport sedan

Price: Base, $53,300; as tested, $55,170 (including $570 destination charge and $1,300 gas-guzzler tax)

What’s new for ’98: Head air bags, optional rear-seat side bags

Engine: 4.4-liter V-8; 282 hp at 5,700 rpm; 310 lb-ft torque at 3,900 rpm

Transmission: Six-speed manual

EPA fuel economy: 15 mpg city/24 mpg highway

Standard equipment:

Four-wheel power disc brakes

Speed-sensitive power steering

12-month insurance cost, according to AAA Michigan: $1,741.

Rates based on an average family of four from the Livonia area whose primary driver is aged 40 with no tickets who drives 3-10 miles each way to work. Rates reflect multicar discount and, where appropriate, discounts for air bags and seat belts.

Where built: Dingolfing, Germany

1998 BMW 540 review: Our expert's take
By

If F. Scott Fitzgerald were writing The Great Gatsby today instead of the 1920s, he surely would have put the wealthy, yet tragically flawed main character, Jay Gatsby, in the BMW 540i Sport. At $55,170, it’s truly the plaything of the rich and famous – and brainless, says Anita.

He: You know, sometimes you drive me crazy, Miss Daisy. This is truly one of the finest cars we’ve driven in the past year, and all you do is complain, complain, complain. Virtually everything about the 540i is so exceptional – from its superb twin-cam 4.4-liter V-8 to one of the world’s great touring suspensions – about the only thing you can criticize is how relevant or useful this BMW may be on American roads.

She: You mean, to American women. I was reminded of feminist Gloria Steinem as I drove the BMW for miles and miles on the freeways in Michigan, never ever finding the need to shift into the sixth gear. Gloria said, “A woman needs a man like a fish needs a bicycle.” I think a woman needs a six-speed like she needs a … well, you know.

He: This is coming from a woman who still owns the three-speed bicycle that she got in the fifth grade. A bicycle, I might add, that no self-respecting fish would be seen on. How can you fault a car with such incredible road-holding ability, with such sensational performance and with such an impressive array of safety features? The 5 series this year offers BMW’s new inflatable Head Protection System, which cushions and protects your head in a side impact. This is in addition to standard side air bags for front passengers and optional side bags in the rear.

She: I wish it came with an optional bag you could cover it with when you parked. The arctic silver test car we drove just looked like it was dripping with status, so much so that I felt funny parking it in most urban settings. I realize that’s a cultural problem, not a car problem, but it’s something that women think of when they make purchase decisions. It’s why those vanilla Toyota Camrys are so popular with us. They allow us to fly beneath the radar of a lot of troublemakers.

He: How do you explain all those women driving vanilla Lincoln Navigators? And while we’re on the subject of six-speeds, the extra top gear actually makes sense in the BMW. Use it at freeway speeds, and you’ll notice a marked improvement in gas mileage. The EPA rates the 540i at 15 mpg in city driving, which makes it subject to a $1,300 gas-guzzler penalty. However, on the highway, you can expect to get 24-25 mpg because the engine and transmission are so efficient at high speeds.

She: I know the 540i comes with lots of goodies, such as automatic climate control with zones for driver and passenger, and power windows with one-touch up and down on all four windows. But you can get nearly the same features on a Cadillac Seville STS, which costs only $47,000 and you won’t pay a guzzler tax. My problem with the 540i is that you are paying a premium for the BMW name.

He: Exactly. What do you think the attraction is to many people? That BMW name typifies world-class performance and quality. Let’s face it. This is a benchmark car, with few peers. The new Lexus GS 400 gives it a run for the money, but lacks the BMW cachet. A Jaguar XJ8 may look prettier, but if you do lots of high-speed driving every day – and you really love to drive – I think you’re going to prefer the BMW.

She: We drove the Sport version, which includes a firmer suspension, 17-inch wheels and tires, fancy seats and something BMW calls the Shadowline trim package, with matte-black window frames, door sills and bumper strips. I wish we would have had the “Security Car” version of the 540i, which is available as a special order vehicle. BMW refers to this as a “light-armored” vehicle, with Aramid-fiber layers in the doors, roof and rear deck, plus bulletproof glass, run-flat tires and a special communications system. Now that makes more sense to me than ix speeds.

He: So if Fitzgerald were to follow Steinem’s advice, would he have put Gatsby in a BMW – or would you prefer Jay walking?

1998 BMW 540i Sport

Type: Front-engine, rear-wheel drive, five-passenger luxury/sport sedan

Price: Base, $53,300; as tested, $55,170 (including $570 destination charge and $1,300 gas-guzzler tax)

What’s new for ’98: Head air bags, optional rear-seat side bags

Engine: 4.4-liter V-8; 282 hp at 5,700 rpm; 310 lb-ft torque at 3,900 rpm

Transmission: Six-speed manual

EPA fuel economy: 15 mpg city/24 mpg highway

Standard equipment:

Four-wheel power disc brakes

Speed-sensitive power steering

12-month insurance cost, according to AAA Michigan: $1,741.

Rates based on an average family of four from the Livonia area whose primary driver is aged 40 with no tickets who drives 3-10 miles each way to work. Rates reflect multicar discount and, where appropriate, discounts for air bags and seat belts.

Where built: Dingolfing, Germany

Factory warranties

New car program benefits

Basic
4 years / 50,000 miles
Corrosion
6 years
Roadside Assistance
4 years / 50,000 miles

Certified Pre-Owned program benefits

Age / mileage
Certified Pre-Owned Elite with less than 15,000 miles; Certified Pre-Owned with less than 60,000 miles
Basic
1 year / unlimited miles from expiration of 4-year / 50,000-mile new car warranty
Dealer certification
196-point inspection

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Consumer reviews

4.9 / 5
Based on 15 reviews
Write a review
Comfort 4.7
Interior 4.6
Performance 4.8
Value 4.7
Exterior 4.7
Reliability 4.6

Most recent

  • Powerful family car

    Outside holds up nice roars like beast nice family car that turns into a fun fast sporty ride. Not many problems at the 100 k mark. Handles well for a v8.
    • Purchased a Used car
    • Used for Having fun
    • Does recommend this car
    Comfort 5.0
    Interior 5.0
    Performance 5.0
    Value 5.0
    Exterior 5.0
    Reliability 4.0
    4 people out of 4 found this review helpful. Did you?
    Yes No
  • Owned for 21 years. No major issues after 214,000

    Most dependable vehicle I've owned. It's like the Eveready rabbit it keeps on going and going. Still runs and looks great both inside and out.
    • Purchased a Used car
    • Used for Commuting
    • Does recommend this car
    Comfort 5.0
    Interior 4.0
    Performance 5.0
    Value 5.0
    Exterior 5.0
    Reliability 5.0
    3 people out of 4 found this review helpful. Did you?
    Yes No
  • You can't get a better car for the price

    It ticks all the boxes, looks, sounds great, beautiful to drive, good handling, best sedan ever once you own one your immediately hooked, I bought 3 and searching for number 4
    • Purchased a Used car
    • Used for Commuting
    • Does recommend this car
    Comfort 5.0
    Interior 4.0
    Performance 4.0
    Value 5.0
    Exterior 5.0
    Reliability 4.0
    2 people out of 2 found this review helpful. Did you?
    Yes No
  • Looks and runs great

    This car is a well built machine. Meticulously maintained with all records. Looks great and runs strong. No rust. 6 disc CD player. 5 stock rims with summer tires and 4 sporty rims with winter tires.
    • Purchased a New car
    • Used for Commuting
    • Does recommend this car
    Comfort 4.0
    Interior 4.0
    Performance 5.0
    Value 4.0
    Exterior 5.0
    Reliability 4.0
    3 people out of 3 found this review helpful. Did you?
    Yes No
  • Must see this car

    I hate to sell it, so much fun to drive . Perfect for a college student or second family car. This is the prime example of a luxury sports car
    • Purchased a Used car
    • Used for Commuting
    • Does recommend this car
    Comfort 4.0
    Interior 5.0
    Performance 5.0
    Value 5.0
    Exterior 4.0
    Reliability 4.0
    3 people out of 3 found this review helpful. Did you?
    Yes No
  • Easy to maintain

    E39 body is known as the last mechanical 5 series. The 1998 540i engine (code name M62B44) is really easy to care and very reliable because this model does not have vanos, also related things such as timing chain, oil separator are more reliable than later version V8 (M62TUB44). Also, the cylinder coating is updated from previous V8 (M60) which makes this engine almost bullet proof. Mine has 6 speed manual transmission, thus not a possible problem with transmission. However, due to the age of car, a lot of small plastic and rubber parts were needed to be replaced and also the quality? of plastic parts are somewhat different with modern cars.
    • Purchased a Used car
    • Used for Commuting
    • Does recommend this car
    Comfort 5.0
    Interior 4.0
    Performance 5.0
    Value 4.0
    Exterior 4.0
    Reliability 4.0
    5 people out of 5 found this review helpful. Did you?
    Yes No
  • The best car I owned

    When i first bought this car it had 63,000 miles on it I changed the water pump radiator transmission fluid brakes and rotors 3 years later still runs good burns no oil I have 125,000 still runs well great car lots of power great on the highway purrs at 80 plus.
    • Purchased a Used car
    • Used for Transporting family
    • Does recommend this car
    Comfort 3.0
    Interior 4.0
    Performance 4.0
    Value 4.0
    Exterior 4.0
    Reliability 4.0
    2 people out of 3 found this review helpful. Did you?
    Yes No
  • bullet proof engine and transmission.

    This car is a pleasure to shift, drive (like on rails) and has all the best equipment to enjoy with reliability and safety.
    • Purchased a Used car
    • Does recommend this car
    Comfort 5.0
    Interior 5.0
    Performance 4.0
    Value 4.0
    Exterior 5.0
    Reliability 5.0
    0 people out of 0 found this review helpful. Did you?
    Yes No
  • Spectacular car, comfortable and fast

    This is one of the best cars I have ever owned. Since I have 3 children to me a safe, reliable, and comfortable car is a necessity for them.
    • Purchased a Used car
    • Does recommend this car
    Comfort 5.0
    Interior 5.0
    Performance 5.0
    Value 5.0
    Exterior 5.0
    Reliability 5.0
    1 person out of 1 found this review helpful. Did you?
    Yes No
  • Wonderful Vehicle

    I have the same vehicle as advertised here, even down to the same paint color. I have driven my 540i 80,000 miles in the last 2.5 years and have only replaced the tires. It is a comfortable, responsive, and fast vehicle that always turns heads. The car has a solid feel and safety features that really add to your level of well being should you ever get in an accident.
    • Purchased a Used car
    • Used for Commuting
    • Does recommend this car
    Comfort 5.0
    Interior 5.0
    Performance 5.0
    Value 5.0
    Exterior 5.0
    Reliability 5.0
    1 person out of 1 found this review helpful. Did you?
    Yes No
  • Love it

    I've only had this car a week so I can't comment on reliability but it is a pure joy to drive. Comfortable but still handles like it's on rails, had planned on upgrading suspension but now I don't think I'll need to. I had a 96 vette and this can run with it and hold 4 people comfortably. Love this car. If you want a family car but also love the joy of driving this is the car for you.
    • Purchased a Used car
    • Used for Commuting
    • Does recommend this car
    Comfort 5.0
    Interior 5.0
    Performance 5.0
    Value 5.0
    Exterior 4.0
    Reliability 5.0
    1 person out of 1 found this review helpful. Did you?
    Yes No
  • BMW 540i

    Very nice car fun to drive, very fast on top end. Handles great, will conitune to buy BMW's very nice for the money.
    • Purchased a Used car
    • Does recommend this car
    Comfort 5.0
    Interior 5.0
    Performance 5.0
    Value 5.0
    Exterior 5.0
    Reliability 5.0
    0 people out of 0 found this review helpful. Did you?
    Yes No

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FAQ

What trim levels are available for the 1998 BMW 540?

The 1998 BMW 540 is available in 3 trim levels:

  • 540i (1 style)
  • 540iA (1 style)
  • 540ip (1 style)

What is the MPG of the 1998 BMW 540?

The 1998 BMW 540 offers up to 18 MPG in city driving and 24 MPG on the highway. These figures are based on EPA mileage ratings and are for comparison purposes only. The actual mileage will vary depending on vehicle options, trim level, driving conditions, driving habits, vehicle maintenance, and other factors.

What are some similar vehicles and competitors of the 1998 BMW 540?

The 1998 BMW 540 compares to and/or competes against the following vehicles:

Is the 1998 BMW 540 reliable?

The 1998 BMW 540 has an average reliability rating of 4.6 out of 5 according to cars.com consumers. Find real-world reliability insights within consumer reviews from 1998 BMW 540 owners.

Is the 1998 BMW 540 a good Sedan?

Below are the cars.com consumers ratings for the 1998 BMW 540. 100.0% of drivers recommend this vehicle.

4.9 / 5
Based on 15 reviews
  • Comfort: 4.7
  • Interior: 4.6
  • Performance: 4.8
  • Value: 4.7
  • Exterior: 4.7
  • Reliability: 4.6

BMW 540 history

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