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Thread: New here with a 2001 740I

  1. #1
    Join Date
    Jul 2018
    Location
    Upstate NY
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    2001 740i

    New here with a 2001 740I

    Hello from TX, new here! I recently picked up 2 01 740s in a package deal. One for a daily driver with a little work and the other most likely for parts as it has slight front end damage, a bad? transmission and 235k miles. The "good" one has 185,000 miles, but is in nice shape in and out. Interior just needs love. I checked the buyers guide here before going to look and sure enough there was quite a bit wrong with them, LOL. Typical e38 stuff it seems from reading! broken c pillars, shimmy, needs new emblems, seat switch holders, etc, etc..How ever, the engine and transmission seem 100% and at the price i got them both for, i couldnt pass them up. Is it just me or are these getting a little harder to find? Especially nice ones. I plan to fix the good one up by washing & waxing it, thoroughly cleaning the interior ( And possibly swapping it to black! ) replacing the trans fluid/filter, valve cover and intake gaskets and doing the brakes to start. Suspension in front and rear is pretty new and it was a full rebuild struts and springs included.
    I am looking forward to working on / fixing up this car and posting updates here. Seems like a great forum! I will make sure I read up and thoroughly search around if i have any problems before posting. Thanks all!!
    -Narlift
    Last edited by Narlift; 07-04-2018 at 04:51 PM.

  2. #2
    Join Date
    Jan 2017
    Location
    North Carolina coast
    Posts
    435
    My Cars
    2001 740iL Prod 4/2000
    Welcome to the Madness, Narlift. Beware the addiction that is E38!

  3. #3
    Join Date
    Jul 2018
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    Upstate NY
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    2001 740i
    Quote Originally Posted by oldroller View Post
    Welcome to the Madness, Narlift. Beware the addiction that is E38!
    Thanks. I see what you mean!! I have since been scouring Craigslist for a possible additional one.
    Hate to see them get sent to the scrapyard when there's still life left!

  4. #4
    Join Date
    Dec 2013
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    EXOTICS
    As long as you have the money to pay, you get to play!
    Keep up your noble effort.

  5. #5
    Join Date
    Aug 2017
    Location
    Wayne,PA
    Posts
    1,511
    My Cars
    740iL (E38 '01)
    Welcome!

  6. #6
    Join Date
    Jul 2018
    Location
    Upstate NY
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    237
    My Cars
    2001 740i
    Thank you guys. I have decided to part the one 2001 with the bad trans and front end damage, not worth fixing up, its had a hard life. I'm taking the black interior for the other 740 and some other stuff before i let it get crushed though.

  7. #7
    Join Date
    May 2003
    Location
    Texas, USA
    Posts
    1,944
    My Cars
    '01 740i, '99 528iT
    I'm close to your area and also have an '01. I have addressed several common issues on my DIY website (link in signature).

    Frankie
    Texas, USA
    frankies-bmw.com

  8. #8
    Join Date
    Jul 2012
    Location
    California Inland Empire
    Posts
    837
    My Cars
    2001 740iL /1991 E32
    What color interior is the one that you are swapping in the black interior? Welcome to the forum also


    Sent from my iPhone using Tapatalk
    2001 740iL Guides,chains,vanos done. Full steptronic retrofit,3:15 diff. DUDMD tune. Sport seat retrofit. Porn lights
    [IMG][/IMG]
    Nitto ZR 285/40/18 rear 245/45/18 fr. UUC springs front. Porn lights. Sport wheel


    1991 735iL UUC springs front only Style 42 wheels

  9. #9
    Join Date
    Jul 2018
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    Upstate NY
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    2001 740i
    Thanks!
    Nice site Frankie, i used your glovebox write up.
    The interior is tan and beat. Black = much better lol

  10. #10
    Join Date
    Jul 2018
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    Upstate NY
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    2001 740i
    Yeah they both got parted/are getting parted currently, long story. Was gonna fix the "good" one. Oh well

  11. #11
    Join Date
    Dec 2009
    Location
    Dallas,TX
    Posts
    1,759
    My Cars
    '98 E38 740IL, '01 740i
    Quote Originally Posted by Narlift View Post
    Yeah they both got parted/are getting parted currently, long story. Was gonna fix the "good" one. Oh well
    Well that sucks, you gonna get another 7?

    Sent from my SM-N950U using Tapatalk
    TRPCHGE - '01 740i Black/Black 230k'ish - Power folding mirrors, Mk.IV Nav, 16:9, M-pars, Sport seats, Sport wheel, Steptronic, Euro rear fog switch, 2.50" X-Pipe, Shadowline, E53 4.6is Cluster, Lacewood interior, Chromeline, 3.15, Bilstein B6+H&R Stage II's. - SOLD 06/21

    BSKCASE - '98 740il Arctic Silver/Black 175k'ish - Face-lifted, 3" Projectors, Shadowline, 01 Tails, Hydro Trunk, Sunshades, 750il Full interior retrofit, Sport Seats, Steptronic, Face-lift Steering Column, X5 Steering wheel, E53 4.6is Cluster, Euro E66 Piano black/Chrome Grab-handles, Chromeline, Suede Pillars/Headliner, Auto wipers/Lights, Lighted Handles interior/Exterior, Dual battery retrofit.

    WIP: Custom Style 42 18x9.5" ET12, 18x10.5" ET8, 3.15 LSD Rear diff.

  12. #12
    Join Date
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    e34,e38,e39,e46,e70,e90
    These poor things are meeting their maker in droves. My local JY used to not have any 5 years ago, now there are 6 in there. About 20 more years and the survivors be classics

    02 e39 540i Sport (Son), 01 DINAN 7 (Me), 12 e70 X5 x35i (Mrs), 95 e34 525i (Daughter 2), 01 e46 325Ci vert (Daughter 1)

  13. #13
    Join Date
    Jul 2018
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    Upstate NY
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    2001 740i
    Quote Originally Posted by Sabreslight View Post
    Well that sucks, you gonna get another 7?

    Sent from my SM-N950U using Tapatalk
    Yes i already got another cheap, but its for parts. Next time I buy an E38 to DD I want to see service records and such. Not gonna buy another junk one cheap to try and fix up.

  14. #14
    Join Date
    Jul 2018
    Location
    Upstate NY
    Posts
    237
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    2001 740i
    Quote Originally Posted by kouks View Post
    These poor things are meeting their maker in droves. My local JY used to not have any 5 years ago, now there are 6 in there. About 20 more years and the survivors be classics
    Yup, sad just look at all the nice e38s here https://www.youtube.com/watch?v=ObbO4RJNcvU

  15. #15
    Join Date
    Nov 2003
    Location
    Lake Forest, IL
    Posts
    1,050
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    01 740i,E93 M3,E30 325is
    Quote Originally Posted by Narlift View Post
    Yup, sad just look at all the nice e38s here https://www.youtube.com/watch?v=ObbO4RJNcvU
    That video made me sad, some of those cars look new!

  16. #16
    Join Date
    Dec 2013
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    Chicagoland area
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    EXOTICS
    The insane amount of waste pictured in that video,
    so many good homes those vehicles could be sent to,
    or even auctioned off! Now that's a total loss!!

  17. #17
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    Those cars were quite rare - prototypes, pre-production and first-production examples of all the different model variants. Most of them would never have left the confines of the BMW test track, trade fairs and environmental chambers.....
    Timm..2007 E64 650i Individual Sport..1999 E31 840ci Individual Sport..ex owner of 2000 E38 740..1999 E38 740i V8 M62..1998 E38 735i V8..1993 E32 730i V8..1988 E28 518i


    My BMW Repair YouTube Channel
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    Chase - Heroes to a generation

  18. #18
    Join Date
    Jul 2018
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    Upstate NY
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    2001 740i
    ^ Cool, did not catch that.
    I am Picking up a 2000 740i tomorrow evening. 150k miles, black on black. $450 for the car $100 for the tow, already sold the cats for $100 probably. New cheapo rims and snow tires.
    Needs pcv and rear shocks that's all. Body is rough!
    Maybe won't part it...for now
    Too good of a deal to pass on IMO

  19. #19
    Join Date
    Dec 2009
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    Dallas,TX
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    1,759
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    '98 E38 740IL, '01 740i
    Quote Originally Posted by Narlift View Post
    ^ Cool, did not catch that.
    I am Picking up a 2000 740i tomorrow evening. 150k miles, black on black. $450 for the car $100 for the tow, already sold the cats for $100 probably. New cheapo rims and snow tires.
    Needs pcv and rear shocks that's all. Body is rough!
    Maybe won't part it...for now
    Too good of a deal to pass on IMO
    You on the empire on FB?

    Sent from my SM-N950U using Tapatalk
    TRPCHGE - '01 740i Black/Black 230k'ish - Power folding mirrors, Mk.IV Nav, 16:9, M-pars, Sport seats, Sport wheel, Steptronic, Euro rear fog switch, 2.50" X-Pipe, Shadowline, E53 4.6is Cluster, Lacewood interior, Chromeline, 3.15, Bilstein B6+H&R Stage II's. - SOLD 06/21

    BSKCASE - '98 740il Arctic Silver/Black 175k'ish - Face-lifted, 3" Projectors, Shadowline, 01 Tails, Hydro Trunk, Sunshades, 750il Full interior retrofit, Sport Seats, Steptronic, Face-lift Steering Column, X5 Steering wheel, E53 4.6is Cluster, Euro E66 Piano black/Chrome Grab-handles, Chromeline, Suede Pillars/Headliner, Auto wipers/Lights, Lighted Handles interior/Exterior, Dual battery retrofit.

    WIP: Custom Style 42 18x9.5" ET12, 18x10.5" ET8, 3.15 LSD Rear diff.

  20. #20
    Join Date
    Jul 2018
    Location
    Upstate NY
    Posts
    237
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    2001 740i
    I don't have a facebook.

  21. #21
    Join Date
    Dec 2009
    Location
    Dallas,TX
    Posts
    1,759
    My Cars
    '98 E38 740IL, '01 740i
    Gotcha, I though I made a match from someone one here lmao
    TRPCHGE - '01 740i Black/Black 230k'ish - Power folding mirrors, Mk.IV Nav, 16:9, M-pars, Sport seats, Sport wheel, Steptronic, Euro rear fog switch, 2.50" X-Pipe, Shadowline, E53 4.6is Cluster, Lacewood interior, Chromeline, 3.15, Bilstein B6+H&R Stage II's. - SOLD 06/21

    BSKCASE - '98 740il Arctic Silver/Black 175k'ish - Face-lifted, 3" Projectors, Shadowline, 01 Tails, Hydro Trunk, Sunshades, 750il Full interior retrofit, Sport Seats, Steptronic, Face-lift Steering Column, X5 Steering wheel, E53 4.6is Cluster, Euro E66 Piano black/Chrome Grab-handles, Chromeline, Suede Pillars/Headliner, Auto wipers/Lights, Lighted Handles interior/Exterior, Dual battery retrofit.

    WIP: Custom Style 42 18x9.5" ET12, 18x10.5" ET8, 3.15 LSD Rear diff.

  22. #22
    Join Date
    Jul 2018
    Location
    Upstate NY
    Posts
    237
    My Cars
    2001 740i
    No worries.

    Got the car tonight. Needs an alt for sure and rear bumper. Don't have a bumper or alt laying around, but can be sourced for much less than the $2k the PO was quoted lol. May register it and drive it into ground then part instead of parting right away if it all checks out. engine runs sooo unbelievably good/quiet and trans is fine, it'd be a sin to scrap them. New tires, struts, gas tank, brakes and battery. They are parting because of the bad alternator. They seemed very scared about it and said quotes for parts and labor were up into the thousands?? Guy bought a new car. Oh well, your loss my gain. Parts value.....$4500. resale value....$450. lol...
    My total investment is $550
    If i sell cats tmrw then $450 total.

  23. #23
    Join Date
    Jul 2018
    Location
    Upstate NY
    Posts
    237
    My Cars
    2001 740i
    Parted.
    Sold interior, cats and ABS module. (abs module pending sale here)
    Last edited by Narlift; 08-23-2018 at 02:37 PM.

  24. #24
    Join Date
    Jul 2018
    Location
    Upstate NY
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    2001 740i
    So I parted that 00 and both 01's. Scrapped all three of them as practically frames/shells. Every good part was pulled, except the engines them selves, exhaust diffs, fender liners, front and rear subframes, & driveshafts, few other things, odds and ends, some stuff was junk..etc... I pulled everything off the engines though and sold/am selling the stuff. Even pulled the valve body and trans pan off the one with the bad trans. Timing covers, valve covers, intake manifolds, p/s pumps, abs modules, pillars, calipers, gas tanks, etc.
    Some one here had messaged me and wanted to come get the carpets, message me again to remind me if still interested.
    If anyone needs anything let me know and I will let you know if it's still available.
    I sold a 97 740 recently that i had flipped and now i will be buying it back from him because he blew the tranny so if you need anything from that yr. range, let me know..

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