Should I pay $8,800.00 for a 1997 BMW 740il?

Question

Color - Cashmere
Interior - Cashmere/Walnut trim/Leather seats
Exterior - Gold
Miles - 118,000
New Tires
No dints
great condition

Answer 1

check kelly blue book (kbb.com) for the value of the car. they give various values such as selling to a private party,trading in at dealership,buying...

Answer 2

Sounds like a good deal. The cost is about $1,500. less than average for that year and milage.

I think these cars are a good buy because they are comfortable, not as complex as the 2002+ models, thankfully have no iDrive system, and also have a more pleasant and understated exterior design.

Repair cost will be somewhat expensive, but less than a Mercedes S-Class from late '90's. Just find a good mechanic and keep up with the maintenance, and you should have a very enjoyable car for the money.

Answer 3

I would not do it.

-very expensive to repair
-electrical systems problematic
-usually only dealer can do repairs
-BMW parts for 10 yr old car hard to come by
-even with regular maintenance, will need repairs
-not very reliable
-even routine maintenance will be costly

It is a very nice vehicle that rides and handles well. But the potential downside ($3000+ repair and laid up for a month) are too great for me. Get a Lexus LS400/430. You will give up some sportiness, but it is just as luxurious and will run without problems for 200000 miles.

Answer 4

NO. Its for one a BMW.
second its an old BMW.

Do you know how often a new BMW breakdown.
Luxery cars are very expensive to repair.
THe parts are far less common.
The Electronics on German cars are complicated and more likely to go haywire.

Answer 5

If you suggest this car to me in a great condition, I pay for it immediately.

Answer 6

German cars are EXPENSIVE to repair and you will need repairs.