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BMW 7-Series 2006 and earlier

1317 messages,  Last post on Sep 16, 2012 at 11:07 AM

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Messages Page 129 of 133

#1273 of 1317 2000 740iL Sport - new to BMW by jcw_3

Sep 13, 2007 (12:51 pm)

First, thanks to all of you, I have really learned a lot about these cars over past few days. You all really seem to know your BMW's inside and out.
 
I am looking at a 2000 740iL Sport Package and wanted to pass along some thoughts and get some clarification. My car experience has been with Volvo and Lexus up to now - and I've decided to change it up a bit.
 
  • Despite having 115K miles on it - the one I am looking at is in impeccable condition inside. I was really surprise some of the "gadgets" - like the auto-rear window shade were still working. I was very impressed with the quality of the interior and, at 6'5", I felt I had plenty of room.

  • that being said, I need to find out if there is anyway to update the navigation system - it is obviously using 1st generation maps so they aren't very good.

  • The original owner has ALL of the maintenance records - with no MAJOR repairs (major for me mean engine, transmission, suspension, etc.)

  • At $10,000 (private party - family discount), this seem like a great car I could get another 100K out of.

    •  
    I guess what I am looking for are questions I should get answered before pulling the trigger.
     
    Thanks,
     
    JCW

    #1274 of 1317 Re: 2000 740iL Sport - new to BMW [jcw_3] by e38owner

    Sep 15, 2007 (10:09 pm)

    Replying to: jcw_3 (Sep 13, 2007 12:51 pm)
    I echo your sentiments...
     
    I have been reading through this board for the better part of 4 months now and am finally taking the long awaited plunged into BMW ownership.
     
    I am currently looking at a 2000 740IL with 84K...dealer is asking 12,400
     
    - One owner vehicle with all service records.
    - Execellent condition inside and out with more than 3500 in recent repairs (power steering lines, rear control arms and brakes)
    - Area of concern is faint thumping noise coming from the front. The dealer says rotors, but from reading the board, I fear CA bushings may be worn.
     
    I've noticed very few postings on this board since the spring. I hope the seasoned owners can provide some insight to a newbie. Thanks All!!!

    #1275 of 1317 my experience 1998 740i 102000 mi by terry79

    Sep 26, 2007 (6:21 pm)

    Bought it as a demo with 5000 miles in April 1998 for $50000. I can say that it drives today the same as it did
    9 1/2 years ago. Repairs... oh yea. Waranty work took care of the catalytic converters, rear shocks, instrument
    cluster, glove box and center console mechanisms. Was told the radiator neck would probably break around 60000 miles.
    It did at 62500. Replaced it myself. Ac compressor and
    water pump went at 90000 and 92000. Both total $2000.
    Leaking valve covers at 98000. $700. Now have leaking
    timing chain cover at 102000. Cost est. $3000. May not seem too bad over 9 1/2 years but throw in regular mantainence
    and two brake jobs, the first one $900 the second one $350
    ordering the parts from Autohauz Arizona and doing it
    myself. Oh yea the power steering hoses both low and high pressure around 75000 miles. You can always say it's cheaper
    than buying a new car. I thought about unloading it and buying a LS430 used just going by what I've been reading
    about Lexus and the nice ride and reliability. So today
    I test drove a 2004 LS430 and I kept thinking is this all
    there is. I liked my beamer better.

    #1276 of 1317 How to check true mileage by slim8

    Oct 18, 2007 (8:35 pm)

    I am looking at buying a 95 740IL and a friend of mine in europe has told me you can check the true milage of the vehicle buy holding the trip meter in and turning on the ignition (or some method like that ) and the true mileage will be displayed.....can anyone verify this method and is it done this way ?

    #1277 of 1317 Trying to sell 2001 740i by eric312

    Dec 06, 2007 (2:53 pm)

    I have been trying to sell my 2001 740i for over a month now by posting it on cars.com, autotrader and craigslist.
     
    I lowered the ASKING price to $100 less than kelley blue book private party average (i do live in New York city) and still no calls.
     
    The car has 63,000 miles and in great shape.
     
    Has anyone tried to sell a 7series themselves, any suggestions?

    #1278 of 1317 Re: Trying to sell 2001 740i [eric312] by Mr_Shiftright HOST

    Dec 06, 2007 (3:14 pm)

    Replying to: eric312 (Dec 06, 2007 2:53 pm)
    What are you asking? Looks like it should sell at around $15,000 in real money?
     
    Kelley tends to be unrealistically high, maybe that's the snag, or just could be the wrong time of year.

    #1279 of 1317 Re: Trying to sell 2001 740i [Mr_Shiftright] by eric312

    Dec 06, 2007 (3:57 pm)

    Replying to: Mr_Shiftright (Dec 06, 2007 3:14 pm)
    It has sport package, convinience package, cold weather pkg. 63K miles.
    Got it as a certified BMW in 2003 for $43K
     
    Kelley private party is $20,600 I am asking $20,500.
     
    $15K sounds more like Kelley trade in value.
     
    I also thought it could be time of the year...

    #1280 of 1317 Re: Trying to sell 2001 740i [eric312] by Mr_Shiftright HOST

    Dec 06, 2007 (4:44 pm)

    Replying to: eric312 (Dec 06, 2007 3:57 pm)
    I've seen clean 2001s sellling $15K up to $18K asking. I've not seen one at $20K though. They do depreciate a lot, sad to say.
     
    Lemme check on autotrader for you and come up with average asking price for a bunch of them.....
     
    STAY BY:
     
    Okay, here's the results--it's a pretty good pool of comps--175 cars for sale
     
    # of 2001 7-series found: 175 cars for sale
     
    $29,500 Highest asking price (silly)
    $10,300 Lowest asking price ( a beater)
    $17,860 Average asking price (probably close to reality)
     

    #1281 of 1317 Re: Trying to sell 2001 740i [Mr_Shiftright] by eric312

    Dec 06, 2007 (5:11 pm)

    Replying to: Mr_Shiftright (Dec 06, 2007 4:44 pm)
    It is said how quickly they depreciate....
     
    I was just thingking if i sell it for $18k i will need to spend AT LEAST $55k on a new 535 just to replicate all the features that this car has

    #1282 of 1317 Re: Trying to sell 2001 740i [eric312] by Mr_Shiftright HOST

    Dec 06, 2007 (5:46 pm)

    Replying to: eric312 (Dec 06, 2007 5:11 pm)
    Yeah Edmunds True Market Value software says dealer retail is $18.6K with low miles and outstanding condition. Private Party is $16.6K. So the 175 comps we found were pretty much dead center in between those two numbers.

    Messages Page 129 of 133

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