My 740iL 98 is now 15 years old, maybe 16. I bought it in 2005 for less than 10% of what it costs now. It had already 113k miles, and was not even a one or two owner car, I may be the 4th. But after a...
My 740iL 98 is now 15 years old, maybe 16. I bought it in 2005 for less than 10% of what it costs now. It had already 113k miles, and was not even a one or two owner car, I may be the 4th. But after asking around and test driving it twice ( I was not looking for this model but the smaller 540i with the 6 speed Manual, 1997-2003), I decided to take a risk, and was amply rewarded!
The V8 purrs and at speed sounds like a turbine, Awesome sound, power, torque. The car handles as if TRULY it is on rails, utter confidence. No other peer vehicle, (flagship luxury sedan) German or not, comes close. Fuel efficiency as you would expect from a big heavy powerful car is low, but I still get 22-24 MPG HWY on long trips at high speeds.
Reliability is the only area I did not give it 5 stars, but 4. There are no major problems with either the engine or transmission all these years. I spent $850 at the dealers fixing a small oil leak, in retrospect I should not have bothered. Other problems were few and very minor. In fact, in 2009 I actually MADE MONEY using this car, because I was reimbursed for 4 trips of over 1,000 miles each, and the total was far more than the full year's gas, insurance, license fees, service, repairs, and even the small depreciation!
The dealers make their $ from the repairs and service, and much less from selling new cars. Therefore, if you arer wise, you will shop around and find an INDEPENDENT Mechanic that is a BMW Expert, and trust him with your repairs, if any. Dealers offer free clinics where they list all kinds of unnecessary repairs, take them (and enjoy the free food) but do not waste your $ on the repairs, just make sure the belts and hoses are OK and the car will do great.