Buy a 1998 740 IL

[Joloughlin]

Hello everyone,

This is my first post so bear with me.
i recently came across a 1998 740 IL at wholesale for $5,950 and at 55,700 miles. From what I have found it has 22 maintenance records, two owners, and a clean title and smog. I have about $10,000. Should I buy it and utilize the remaining funds to repair it? I have heard at such low mileage that repairs would likely be low anyway.

Thanks for reading!

[spoonerDee]

Walk away. 7 series are notorious for being maintenance nightmares. Being BMW's top of the line vehicle they are not at all cheap to repair and maintain.

[BimmerBreaker]

You are terrible at shopping for used cars if you think the better part of $6k is a deal worth pursuing on an E38... never mind wholesale, the things are like $2-3k on the open market...

[shiftmygears]

Heard in some places that car is worth more in parts than the car itself. lol

[ross1]

Serious?. This is a joke, right.
A '98 740 wholesales at $5950? Drop the zero, you'll be closer.
55k miles? Great! There ought to be perhaps a half a dozen maintenance services performed at that point, the rest are repairs. It doesn't get any better.

[PorscheH6]

wholesale

[beshannon]

Hello everyone,

This is my first post so bear with me.
i recently came across a 1998 740 IL at wholesale for $5,950 and at 55,700 miles. From what I have found it has 22 maintenance records, two owners, and a clean title and smog. I have about $10,000. Should I buy it and utilize the remaining funds to repair it? I have heard at such low mileage that repairs would likely be low anyway.

Thanks for reading!

NO

I personally know someone who did this and regretted it. Walk away.