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Re: 2001 740i-Sport. To buy or not to buy? (archive)

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Posted by Faruk Ansari on October 26, 2000 at 08:34:45:

In Reply to: 2001 740i-Sport. To buy or not to buy? posted by Brianz24 on October 25, 2000 at 10:05:46:


I was in the same dilemma about 4/5 weeks ago and finally got delivery of my 2001 740i Sport 3 weeks ago. And tell you something, this is my 2nd 740 (first Sports though, had a 1996 IL sometime ago) after owning 8 M3s (just traded-in my 1998), I love this car, ofcourse I plan to do some modifications to the car, to bring it closer to what I am so used to driving, but for its size it kicks some butts on the freeway and is a treat to drive.

Here are the things that I considered;

1) The release date for the new 7-Series is not yet known, it maybe closer to end of 2001 when that maybe available and then too there maybe a waiting period, depends where you are in the queue, so it maybe closer to mid-2002, I don't drive a car that long anyway and when you actually get one and it would have to be at MSRP.

2) Generally it is not a good idea to buy the firsts of a new model anyway, too many bug. I know BMW replaced the motor on the E-36 M3 and the E38 7-Series after the first year and I am thinking they might carry the present E-38 motor into the new skin and then replace it the following year, atleast that is the trend, I have noticed.

3) I love the shape (not impressed with the pics. of the new one, so far), I think it is going to be a legend.

Even in its last year of production, it seems the 740, specially the i-Sport is a hot selling car. I live in the midwest and I called most dealerships in the 300 mile radius to see what they can do for me, specially when I was also looking for a fairly rare color combination (Cosmos Black/Sand), I got quotes of around $1,500 below MSRP. Finally I found one dealership where they got the car for me as soon as it landed at the NJ port and gave me around $4,500 discount. After all my research I think that was a decent deal.

If you are interested in getting the 2001 model and depending where you are and how far you are willing to travel, I can introduce you to the right people.

Given that the next generation 7-series is on the way, is it a mistake to purchase a new 2001 740iSport?

I currently own a 540i-Sport. I've driven a 2000 740iSport, and was very impressed. I really like the drive and the looks of the car. Though I've seen a few pictures of the "new" 7-Series, I'm not sure how accurate these pictures are. And the ones I have seen are not really good enough to develop a strong opinion. Some of the pictures I've seen, I don't like -- meaning I'd be happier with the older body style.

Any thoughts? Also, for any of you who have purchased a 740 recently, what's a fair purchase price? I just receieved a quote -- $2,500 under sticker. That seems a bit high to me, for a car in it's last year.



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