The 1999 BMW 740 is a luxury sedan from the E38 generation, produced from 1994 to 2001. Known for its sophisticated design and engaging driving dynamics, it was a flagship model for BMW. Key trims included the 740i and the extended wheelbase 740iL. This era was lauded for blending performance with opulent comfort, making it a desirable choice for discerning buyers. Pricing when new ranged from approximately $60,000 to $70,000.
The Good
The 1999 BMW 740 offers a compelling blend of potent V8 performance, a sumptuously comfortable ride, and timeless German design. Its robust engineering appeals to practical buyers, while the luxurious interior and driving experience satisfy emotional desires, offering significant value for a luxury sedan.
The Bad
Potential owners should watch out for aging electronics, particularly window regulators, cooling system components (like the "water pump," a known weak point), and the notorious "O-ring" seal on the automatic transmission. Regular maintenance is crucial to avoid costly repairs.
1999 BMW 740: Quick Overview
- Engine Options: The primary engine for the 1999 BMW 740 was the M62B35 V8, a 3.5-liter naturally aspirated engine.
- Horsepower: This engine produced approximately 282 horsepower.
- Fuel Economy: Official EPA estimates for the 1999 740i were around 16 MPG city and 23 MPG highway.
- 0-60 Times: Performance figures typically placed the 0-60 MPH acceleration in the mid-to-high 6-second range, demonstrating strong acceleration for its class.
- Towing Capacity: As a luxury sedan, the 1999 BMW 740 was not designed for towing, and thus, no official towing capacity is listed.
- Trim-Level Features (740i/740iL):
- Standard Features: Leather upholstery, power-adjustable front seats with memory, automatic climate control, cruise control, power windows and locks, heated mirrors, a premium audio system (often with a CD player), xenon headlights, and a multi-function steering wheel.
- Optional Features:
- Navigation system
- Heated rear seats
- Sunroof
- Enhanced premium sound system
- Park Distance Control (PDC)
- Voice control system
- Active front seats (with massage function)
- 740iL Specifics: The "L" designation indicated the long-wheelbase version, offering significantly more rear legroom and often additional luxury appointments for rear passengers, such as rear climate controls and power-adjustable rear seats.
- Safety Features: Dual front airbags, side-impact airbags, ABS, traction control (ASC+T), and often an electronic stability control system (DSC) were standard.
1999 BMW 740 Specifications
Vehicle Information
| Year | 1999 |
| Make | BMW |
| Model | 7-Series |
| Trim | - |
| Style | - |
| Type | Sedan |
| Category | Large Car |
Manufacturing Details
| Made In | Germany |
| Manufacturing City | DINGOLFING |
Dimensions
| Doors | 4-Door |
| Curb Weight | 4288 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 56.10 inches |
| Overall Length | 201.70 inches |
| Overall Width | 73.30 inches |
| Wheelbase Length | 120.90 inches |
| Standard Seating | 5 |
Engine & Performance
| Engine | 4.4-L V-8 DOHC 32V |
| Engine Size | 4.4L |
| Engine Cylinders | 8 |
| Transmission | 5-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 5-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Recirculating |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $66,400 |
| Invoice Price | $58,305 |
| Delivery Charges | - |
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What Problems Does the 1999 BMW 740 Have?
The 1999 BMW 740, like many luxury vehicles of its era, is known for certain recurring issues that potential owners should be aware of. One of the most frequently cited problems revolves around the cooling system. The plastic components, particularly the water pump and coolant reservoir, can become brittle with age and lead to leaks. The infamous "O-ring" seal within the automatic transmission (GM 5L40-E) is another common concern; a failing seal can cause transmission fluid to leak into the transmission control module (TCM), leading to expensive electrical and mechanical failures.
Electronic gremlins are also prevalent. The power window regulators are notorious for failing, often at inconvenient times. The onboard computer systems, while advanced for their time, can experience module failures, leading to various dashboard warnings or inoperative features. The ABS/ASC/DSC modules are also known failure points.
Other reported issues include vacuum leaks, which can affect idle quality and engine performance, and ignition coil failures. The catalytic converters can also become clogged over time, impacting performance and emissions. While BMW generally built these cars with robust drivetrains, the sheer complexity of the electronics and auxiliary systems means that as they age, more maintenance and potential repairs are likely. Specific model year issues are less distinct for the 1999 model year within the E38 generation compared to earlier or later years, but these general E38 platform concerns are applicable. Recalls for this specific model year are not extensive, but owners should always check with BMW or NHTSA for any outstanding safety campaigns.
Electronic gremlins are also prevalent. The power window regulators are notorious for failing, often at inconvenient times. The onboard computer systems, while advanced for their time, can experience module failures, leading to various dashboard warnings or inoperative features. The ABS/ASC/DSC modules are also known failure points.
Other reported issues include vacuum leaks, which can affect idle quality and engine performance, and ignition coil failures. The catalytic converters can also become clogged over time, impacting performance and emissions. While BMW generally built these cars with robust drivetrains, the sheer complexity of the electronics and auxiliary systems means that as they age, more maintenance and potential repairs are likely. Specific model year issues are less distinct for the 1999 model year within the E38 generation compared to earlier or later years, but these general E38 platform concerns are applicable. Recalls for this specific model year are not extensive, but owners should always check with BMW or NHTSA for any outstanding safety campaigns.
How long will the 1999 BMW 740 last?
With diligent maintenance, a 1999 BMW 740 can comfortably reach and exceed 200,000 miles, with some owners reporting well over 250,000 miles. The V8 engine itself is generally robust and capable of long life. However, its long-term durability is heavily influenced by the owner's commitment to preventative maintenance. Weaknesses tend to emerge in the cooling system, electrical components, and transmission over time. Regular fluid changes, timely replacement of aging hoses and belts, and proactive attention to any electronic glitches are key to extending its service life. Neglect will significantly shorten its lifespan and dramatically increase repair costs.
What Technology & Safety Features are Included?
The 1999 BMW 740 was at the forefront of automotive technology for its era. Built-in tech included an advanced trip computer, automatic climate control with dual-zone functionality, and power amenities galore. The entertainment system typically featured a premium stereo with a CD player and a cassette deck, offering clear audio reproduction. Optional was BMW's Professional Navigation System, which used a bulky CRT screen in the dashboard, a revolutionary feature at the time.
Driver-assistance features were also present. Standard were anti-lock brakes (ABS) and traction control (ASC+T), which helped maintain stability in adverse conditions. Many models were equipped with Park Distance Control (PDC), using audible sensors to aid in parking maneuvers. An optional electronic stability control system (DSC) further enhanced driver control.
Safety was a priority, with dual front airbags, side-impact airbags in the front doors, and reinforced door beams. The chassis was engineered for strength and impact absorption. While official crash test ratings from agencies like the NHTSA or IIHS for this specific 1999 model year are not as readily available or as standardized as they are today, BMW's reputation for safety engineering suggests strong performance in frontal and side impacts for its time. The car's substantial weight also contributed to its occupant protection in collisions. The use of high-strength steel and a well-structured passenger cell were hallmarks of its safety design.
Driver-assistance features were also present. Standard were anti-lock brakes (ABS) and traction control (ASC+T), which helped maintain stability in adverse conditions. Many models were equipped with Park Distance Control (PDC), using audible sensors to aid in parking maneuvers. An optional electronic stability control system (DSC) further enhanced driver control.
Safety was a priority, with dual front airbags, side-impact airbags in the front doors, and reinforced door beams. The chassis was engineered for strength and impact absorption. While official crash test ratings from agencies like the NHTSA or IIHS for this specific 1999 model year are not as readily available or as standardized as they are today, BMW's reputation for safety engineering suggests strong performance in frontal and side impacts for its time. The car's substantial weight also contributed to its occupant protection in collisions. The use of high-strength steel and a well-structured passenger cell were hallmarks of its safety design.
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1999 BMW 740 Prices and Market Value
When new, the 1999 BMW 740i had an original MSRP ranging from approximately $60,000 to $70,000, with the long-wheelbase 740iL commanding a higher price. As with most luxury vehicles, the 740 experienced significant depreciation in its early years. Today, current used market prices for a 1999 BMW 740 can range widely, typically from $3,000 to $8,000, depending heavily on condition, mileage, and maintenance history. Well-maintained examples with lower mileage can command higher prices, while those needing significant work will be at the lower end. Factors affecting resale value include the presence of service records, the condition of the interior and exterior, and the functionality of all electronic systems. A clean title and documented maintenance are crucial for retaining value.
1999 BMW 740 Cost of Ownership
Owning a 1999 BMW 740 is generally considered costly. Insurance premiums can be moderate to high due to its luxury status and performance. Fuel economy is not its strong suit, with the V8 engine demanding premium gasoline and returning around 16-23 MPG. Maintenance, especially for preventative tasks on its complex systems, requires specialized knowledge and can be expensive. Repairs, particularly for electronic components or transmission issues, are often the largest cost factor and can be significant. This is not an economical vehicle to own; it is a luxury car with associated luxury running costs.
1999 BMW 740 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
22.50 gallons
City Mileage
17 miles/gallon
Highway Mileage
23 miles/gallon
1999 BMW 740 Safety Rating
NHTSA
IIHS
1999 BMW 740 Warranty
Basic
Original warranty
48 months / 50,000 miles
Estimated remaining
Expired
Powertrain
Original warranty
48 months / 50,000 miles
Estimated remaining
Expired
Rust
Original warranty
72 months / unlimited miles
Estimated remaining
Expired
1999 BMW 740 Insurance
Insurance for a 1999 BMW 740 is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1999 BMW 740 Compare to Other Sedan?
The 1999 BMW 740 competed in the full-size luxury sedan segment against formidable rivals such as the Mercedes-Benz S-Class (W140 generation), Lexus LS 400, and Audi A8.
Performance: The 740's V8 offered strong, refined acceleration, often feeling more sporting than its competitors. The Mercedes S-Class, particularly the S500, offered a smoother, more powerful V8, while the Lexus LS 400 provided a supremely quiet and effortless ride. The Audi A8 with its 4.2L V8 and Quattro all-wheel drive offered excellent grip but sometimes felt less engaging.
Features: All these vehicles offered high levels of luxury, but BMW often leaned towards a driver-centric approach. The E38 7 Series boasted advanced electronics for its time, including navigation and more sophisticated driver aids than some rivals. Mercedes was known for its plush interiors and impeccable build quality. Lexus excelled in reliability and a serene cabin experience. Audi's interior design was often considered more modern.
Reliability: This is where the 740 faces its greatest challenge. While the M62 V8 is generally robust, the E38 7 Series is known for its complex electronics and potential for costly repairs related to cooling, windows, and modules. The Lexus LS 400 historically stands out as one of the most reliable luxury sedans ever produced, with far fewer common issues. The Mercedes S-Class also has its share of complex systems but is generally well-built.
Price: Used prices for the 1999 740 are typically lower than comparable S-Class or LS 400 models, reflecting its higher potential maintenance costs.
Alternatives: For those prioritizing ultimate reliability and a quiet, comfortable ride, the 1999 Lexus LS 400 is a superb alternative. If a more traditional, stately luxury experience is desired, a 1999 Mercedes-Benz S500 is worth considering, though also with its own set of potential repair costs. The Audi A8 offers all-wheel-drive security and a distinct style. If the BMW 740's driving dynamics are paramount and the owner is prepared for potential expenses, it remains a compelling choice, but the Lexus LS 400 often represents a more practical long-term investment.
Performance: The 740's V8 offered strong, refined acceleration, often feeling more sporting than its competitors. The Mercedes S-Class, particularly the S500, offered a smoother, more powerful V8, while the Lexus LS 400 provided a supremely quiet and effortless ride. The Audi A8 with its 4.2L V8 and Quattro all-wheel drive offered excellent grip but sometimes felt less engaging.
Features: All these vehicles offered high levels of luxury, but BMW often leaned towards a driver-centric approach. The E38 7 Series boasted advanced electronics for its time, including navigation and more sophisticated driver aids than some rivals. Mercedes was known for its plush interiors and impeccable build quality. Lexus excelled in reliability and a serene cabin experience. Audi's interior design was often considered more modern.
Reliability: This is where the 740 faces its greatest challenge. While the M62 V8 is generally robust, the E38 7 Series is known for its complex electronics and potential for costly repairs related to cooling, windows, and modules. The Lexus LS 400 historically stands out as one of the most reliable luxury sedans ever produced, with far fewer common issues. The Mercedes S-Class also has its share of complex systems but is generally well-built.
Price: Used prices for the 1999 740 are typically lower than comparable S-Class or LS 400 models, reflecting its higher potential maintenance costs.
Alternatives: For those prioritizing ultimate reliability and a quiet, comfortable ride, the 1999 Lexus LS 400 is a superb alternative. If a more traditional, stately luxury experience is desired, a 1999 Mercedes-Benz S500 is worth considering, though also with its own set of potential repair costs. The Audi A8 offers all-wheel-drive security and a distinct style. If the BMW 740's driving dynamics are paramount and the owner is prepared for potential expenses, it remains a compelling choice, but the Lexus LS 400 often represents a more practical long-term investment.
Final Verdict: Is the 1999 BMW 740 a Good Sedan?
The 1999 BMW 740 is ideal for the enthusiast who appreciates sophisticated German engineering, a potent V8 engine, and a comfortable, driver-focused luxury experience, and who is prepared for the potential costs associated with maintaining a high-end vehicle of this age. It is likely worth buying for someone with mechanical aptitude or a trusted independent mechanic who specializes in BMWs.
Buying new in 1999 was an option for those seeking top-tier luxury. Today, purchasing a used 1999 740 is only advisable if the car has a comprehensive and recent service history, demonstrating that its known weak points have been addressed. Specific trims like the 740iL offer enhanced rear-seat luxury. It's a car to buy with your eyes open, prioritizing condition and maintenance records over a low price point.
Buying new in 1999 was an option for those seeking top-tier luxury. Today, purchasing a used 1999 740 is only advisable if the car has a comprehensive and recent service history, demonstrating that its known weak points have been addressed. Specific trims like the 740iL offer enhanced rear-seat luxury. It's a car to buy with your eyes open, prioritizing condition and maintenance records over a low price point.
Drew B
Drew is a seasoned automotive expert and contributor to VinCheck.info. With nearly 15 years of experience as a former Porsche technician, he brings a wealth of hands-on knowledge to his writing. Born in North Carolina, a region renowned for its deep-rooted NASCAR culture, Drew developed a passion for cars early in life, often building and working on vehicles from a young age. At VINCheck, Drew leverages his extensive technical background to provide in-depth analyses of various vehicles. His articles often focus on engine performance, reliability, and maintenance insights, offering readers practical information grounded in real-world experience. Some of his notable contributions include reviews on the Mazda CX-5's longevity and detailed examinations of engine options for models like the 2011 Toyota Camry and Tacoma