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BMW 7-Series 2006 and earlier

1312 messages,  Last post on Sep 24, 2009 at 6:51 AM

You are in the BMW 7-Series Forum. Your Hosts are pat & karens

What is this discussion about? BMW 7 Series


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#1278 of 1312
Re: Trying to sell 2001 740i [eric312] by Mr_Shiftright HOST
Dec 06, 2007 (2:14 pm)
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Replying to: eric312 (Dec 06, 2007 1:53 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 1312
Re: Trying to sell 2001 740i [Mr_Shiftright] by eric312
Dec 06, 2007 (2:57 pm)
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Replying to: Mr_Shiftright (Dec 06, 2007 2:14 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 1312
Re: Trying to sell 2001 740i [eric312] by Mr_Shiftright HOST
Dec 06, 2007 (3:44 pm)
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Replying to: eric312 (Dec 06, 2007 2:57 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 1312
Re: Trying to sell 2001 740i [Mr_Shiftright] by eric312
Dec 06, 2007 (4:11 pm)
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Replying to: Mr_Shiftright (Dec 06, 2007 3:44 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 1312
Re: Trying to sell 2001 740i [eric312] by Mr_Shiftright HOST
Dec 06, 2007 (4:46 pm)
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Replying to: eric312 (Dec 06, 2007 4:11 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.
#1283 of 1312
Re: Trying to sell 2001 740i [Mr_Shiftright] by eric312
Dec 06, 2007 (5:31 pm)
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Replying to: Mr_Shiftright (Dec 06, 2007 4:46 pm)

Mr_Shiftright, thank you for your research.
 
I noticed that Edmunds dropped the price of this car by about $2000 3 weeks ago. Not sure what caused it but i guess they cannot updated it regularly in small increments.
 
Not sure if i am ready to part with this car for $17k though
#1284 of 1312
Re: Trying to sell 2001 740i [eric312] by Mr_Shiftright HOST
Dec 06, 2007 (5:33 pm)
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Replying to: eric312 (Dec 06, 2007 5:31 pm)

Well asking $20K is not unreasonable. You might get a hit with that.
 
Why don't you post your info HERE (see link below) and see what the "pros" think. Be sure to tell them you want a RETAIL price:
 
Real World Trade In Values
#1285 of 1312
Sad potential BMW owner by spanky10
Dec 16, 2007 (7:04 am)
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Wow. I just wanted to thank all who have contributed to this board. I have loved the BMW 740 from afar... for the aggressive styling on the sport package and the beautiful interior. Now that used prices are down to a level that I could afford I started doing some research. This has been a great resource for seeing if it is worth picking one up. I am sad to say I unfortunately will not be picking one up... looks like there are some serious quality issues with this model. Its seems that the issues are pretty much the same.
 
1. Transmission issues
2. Radiator replacement
3. Navigation Screen Problems and Software
3. Electronics are a disaster
4. Control Arm replacement
5. Exhorbitant Price for Brake Jobs
6. Power Steering Hoses
 
When I balk at the cost of even a simple oil change, I think the decision has been made for me. I had a 528i when I was younger and loved the car for its prestige and reliability. I know that BMW engines have a reputation for being super reliable and the 4.4 litre V8 was considered the workhorse. I figured I wouldnt care if the various gadgetry went and a couple of the power options crapped out, as long as the car moved I could enjoy that aspect. Ive lived without Navigation for a while so I dont really need it. But it sounds like this models issues go way beyond that and that the car actually running depends on alot of these minor electronics issues being fixed. The post that said if you buy one of these cars you should be willing to average $200 in repairs a month puts it all in perspective.
 
My questions are:
 
1. Are there any other recurring issues with these models that are not on my list?
Sadly, Im still holding out hope that there would be something for me to make the justification to buy one.
 
2. Ive loved the BMW marque for the better part of twenty years. Are the reliability issues the same for the lower end models, 3 series or even 5 series?
 
3. Can anyone else recommend a luxury sedan with much better reliability issues? I know Japanese is probably much better, but Im not a fan. I was looking at the X Type.
 
Thanks again for this really informative source!
#1286 of 1312
Re: . [patrikr] by 95bmw740i
Feb 04, 2008 (12:37 pm)
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Replying to: patrikr (Oct 18, 1999 4:49 pm)

look hard in the papers. I just bought a 95 740i for only 3k. last year we also bought a 95 m3 for only $5800. i dont know if were just lucky but all i did was wait. i had to wait for about a year but i found that 740i for 3K.
#1287 of 1312
1995 bmw 740i cd player by 95bmw740i
Feb 04, 2008 (12:44 pm)
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I want to put a cd player in the dash. Does anybody already have this done. How hard is it to do. Thanks

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