The 2001 BMW 740 is a quintessential luxury full-size sedan, part of the E38 generation (1995-2001), renowned for its timeless styling and sophisticated engineering. Available primarily as the 740i and long-wheelbase 740iL, it offered a blend of performance and opulence. Its elegant, understated design and powerful V8 engine made it a popular choice for executives and enthusiasts alike, standing out as a benchmark for European luxury sedans. New pricing ranged from approximately $62,000 to $68,000.
The Good
The 2001 BMW 740 offers a compelling package. Its 4.4L V8 delivers smooth, strong performance, coupled with a well-tuned chassis for agile handling surprising for its size. The interior boasts exceptional comfort, high-quality materials, and a timeless design. Despite its age, it still exudes a premium feel, appealing to those who value driving dynamics and classic luxury. Practical buyers appreciate its robust build (when maintained) and a strong sense of value in the used market.
The Bad
Known weaknesses for the 2001 BMW 740 include potential issues with the cooling system (water pump, thermostat housing), ABS control module failures, transmission problems (especially as mileage climbs), power steering leaks, and VANOS seal deterioration. Electrical gremlins, such as pixel loss on instrument clusters and climate control displays, are also common. Air suspension issues on models so equipped can be expensive to repair, making pre-purchase inspections crucial.
2001 BMW 740: Quick Overview
Here is a summary of key specifications for the 2001 BMW 740:
- Engine Options: The 2001 BMW 740 primarily featured one engine for the U.S. market, a 4.4-liter M62TUB44 V8 engine. There were no other engine options in North America for the 740 model specifically.
- Horsepower: This 4.4L V8 engine produced 282 horsepower at 5400 rpm and 324 lb-ft of torque at 3600 rpm.
- Fuel Economy:
- EPA estimated figures were around 17 MPG city and 23 MPG highway for both the 740i and 740iL.
- Actual mileage can vary based on driving conditions and maintenance.
- 0-60 Times:
- The 740i and 740iL typically achieved 0-60 mph in approximately 6.7 to 7.0 seconds, which was quick for a large luxury sedan of its era.
- Towing Capacity: While not primarily a towing vehicle, the 2001 BMW 740 had a modest towing capacity. When properly equipped with a manufacturer-approved towing package, it could tow up to approximately 3,500 pounds, but this was rarely a marketed feature or common use case.
- Trim-Level Features:
- 740i: The standard wheelbase model included standard features like leather upholstery, automatic climate control, a power sunroof, power-adjustable front seats with memory, a premium audio system, traction control, and dynamic stability control. It typically rode on 16-inch alloy wheels.
- 740iL: The long-wheelbase "L" model offered an additional 5.5 inches of rear legroom, making it ideal for chauffeured use. It often came with more standard luxury appointments, such as power-adjustable rear seats, rear window shades, and an upgraded sound system. Many features that were optional on the 740i were standard on the 740iL.
- Sport Package (Optional): A popular option, especially on the 740i, which included a sport suspension, larger 18-inch wheels, sport seats, and a higher top speed limiter (155 mph).
- Premium Package (Optional): Often added features like heated front seats, a power rear sunshade, and a navigation system.
- Individual Program: BMW also offered extensive customization through its Individual program, allowing for unique paint colors, interior leathers, and wood trims, though these were rare.
2001 BMW 740 Specifications
Vehicle Information
| Year | 2001 |
| Make | BMW |
| Model | 740 |
| 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) | $66,900 |
| Invoice Price | $60,370 |
| Delivery Charges | $645 |
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What Problems Does the 2001 BMW 740 Have?
The 2001 BMW 740 (E38) is known for several frequently reported problems, especially as these vehicles age and accrue mileage. The cooling system is a primary concern; plastic components like the water pump impeller, radiator end tanks, and thermostat housing are prone to cracking and failure, leading to overheating. Owners should also watch for leaks from the power steering system, particularly the reservoir and hoses. Transmission issues, including "lurching" or rough shifts, and eventual failure, are not uncommon after 100,000 miles, making a pre-purchase inspection crucial. The ABS control module is another well-documented failure point, causing ABS/ASC lights and speedometer issues, often requiring repair or replacement of the module itself rather than the entire unit. VANOS (Variable Valve Timing) seals can harden and shrink over time, leading to reduced performance and increased oil consumption; replacing these seals can be a significant job.
Electrical problems are also prevalent. Pixel loss on the instrument cluster and climate control display is almost guaranteed on un-repaired units, making readouts unreadable. Window regulators are known to fail, as are various sensors (crankshaft position, camshaft position). While recalls for the 2001 model year are less common now, historically, some E38s faced recalls related to power steering hose routing or airbag sensors. Long-term reliability is heavily dependent on diligent maintenance; skipping scheduled fluid changes or ignoring minor issues can quickly lead to major, expensive repairs. The complex electronics, while advanced for their time, can be temperamental with age.
Electrical problems are also prevalent. Pixel loss on the instrument cluster and climate control display is almost guaranteed on un-repaired units, making readouts unreadable. Window regulators are known to fail, as are various sensors (crankshaft position, camshaft position). While recalls for the 2001 model year are less common now, historically, some E38s faced recalls related to power steering hose routing or airbag sensors. Long-term reliability is heavily dependent on diligent maintenance; skipping scheduled fluid changes or ignoring minor issues can quickly lead to major, expensive repairs. The complex electronics, while advanced for their time, can be temperamental with age.
How long will the 2001 BMW 740 last?
With proper and consistent maintenance, a 2001 BMW 740 can easily achieve 150,000 to 200,000 miles or more, offering 15-20 years of service. Many enthusiasts report well-maintained examples surpassing these figures. However, its long-term durability is directly tied to a proactive approach to common weaknesses. The cooling system, transmission, and various electrical components are known points of failure that, if neglected, significantly reduce the vehicle's lifespan and increase ownership costs. Regular fluid changes, inspection of wear items like suspension components, and addressing minor issues promptly are critical. While the engine itself is generally robust, the surrounding ancillary systems and complex electronics will require attention and investment over time. A well-cared-for example can still be a reliable, comfortable cruiser; a neglected one will become a money pit.
What Technology & Safety Features are Included?
The 2001 BMW 740, especially in its final E38 iteration, boasted a sophisticated array of built-in technology, entertainment, and safety features for its time.
Built-in Tech & Entertainment:
Driver-Assistance & Safety Features:
Crash-Test Ratings:Official crash-test ratings for the 2001 BMW 740 from organizations like NHTSA or IIHS are less readily available or comprehensive compared to modern vehicles. However, being a large, robustly built luxury sedan, it was designed with significant passive safety features for its era, including a strong passenger cell. Anecdotal evidence and its robust construction suggest it offered good protection for its occupants in its class.
Built-in Tech & Entertainment:
- iBus System: BMW's proprietary digital communication system linked various modules.
- Navigation System: Optional, with a color screen integrated into the dashboard, CD-ROM based maps, and voice guidance.
- Premium Audio: Standard CD player with AM/FM radio, often supplemented by optional multi-CD changers and upgraded DSP (Digital Sound Processing) audio systems for enhanced sound quality.
- Automatic Climate Control: Dual-zone automatic climate control was standard, often with rear-seat vents.
- On-Board Computer: Provided information on fuel consumption, range, and various system checks.
- Rain-Sensing Wipers: An advanced feature for its time, automatically adjusting wiper speed.
- Power Seats: Multi-way power-adjustable front seats with memory function for the driver's seat, steering wheel, and mirrors were standard.
Driver-Assistance & Safety Features:
- Dynamic Stability Control (DSC): Standard, combining traction control and stability control to help maintain vehicle composure during aggressive maneuvers or slippery conditions.
- Anti-lock Braking System (ABS): Standard, with Electronic Brake-force Distribution (EBD).
- Airbags: Comprehensive airbag system, including front airbags for driver and passenger, front side airbags, and BMW's Head Protection System (HPS) tubular airbags for front occupants.
- Park Distance Control (PDC): Optional ultrasonic sensors in the bumpers alerted the driver to obstacles when parking.
- Xenon Headlights: Optional High-Intensity Discharge (HID) headlights provided superior nighttime visibility compared to standard halogen bulbs.
- Power Tilt/Telescopic Steering Wheel: Standard, often linked to the driver's memory settings.
Crash-Test Ratings:Official crash-test ratings for the 2001 BMW 740 from organizations like NHTSA or IIHS are less readily available or comprehensive compared to modern vehicles. However, being a large, robustly built luxury sedan, it was designed with significant passive safety features for its era, including a strong passenger cell. Anecdotal evidence and its robust construction suggest it offered good protection for its occupants in its class.
What Colors Options are Available?
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In the meantime, feel free to explore the other sections for more content.
In the meantime, feel free to explore the other sections for more content.
2001 BMW 740 Prices and Market Value
When new, the 2001 BMW 740i had an MSRP starting around $62,000, while the longer wheelbase 740iL typically started closer to $65,000-$68,000, before options. Fully optioned models could easily exceed $70,000. Today, the used market prices vary significantly based on condition, mileage, and maintenance history. A well-maintained 2001 740 can fetch anywhere from $5,000 to $15,000 or more for exceptional, low-mileage examples, especially those with desirable Sport packages. Average examples might be found between $3,000 and $7,000. Depreciation has been significant, as is typical for luxury sedans of this vintage. Factors affecting resale value include the overall cosmetic and mechanical condition, evidence of diligent service records, and the presence of rare options. A neglected E38 can be worth very little due to anticipated repair costs.
2001 BMW 740 Cost of Ownership
Ownership costs for a 2001 BMW 740 are generally considered high, making it a costly vehicle to own despite its low purchase price. Insurance costs can be moderate to high depending on coverage and driver history, as it's a luxury performance car. Fuel economy, at 17/23 MPG, means fuel expenses will be significant, especially with premium fuel requirements. Maintenance is where costs truly escalate. Parts are often expensive, and specialized labor for BMWs commands premium rates. Frequent issues with the cooling system, ABS modules, and transmission can lead to substantial repair bills. Expect to budget several thousands of dollars annually for preventative maintenance and inevitable repairs if you plan on keeping it long-term. This is not an economical car to own unless you are a DIY enthusiast with access to parts and tools.
2001 BMW 740 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
22.50 gallons
City Mileage
17 miles/gallon
Highway Mileage
23 miles/gallon
2001 BMW 740 Safety Rating
NHTSA
IIHS
2001 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
2001 BMW 740 Insurance
Insurance for a 2001 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 2001 BMW 740 Compare to Other Sedan?
The 2001 BMW 740 faced formidable rivals in the luxury sedan segment, each with distinct strengths.
Mercedes-Benz S-Class (W220, e.g., S430/S500):
Lexus LS 430:
Audi A8 (D2):
Recommendation: For someone seeking a driver-centric luxury experience with timeless styling, the 740 is a great choice, but be prepared for maintenance. For practical buyers prioritizing absolute reliability and lower long-term costs, the Lexus LS 430 is a demonstrably better alternative. For a more modern alternative that balances performance and luxury with potentially less hassle, newer generations of the 5-series (E60/F10) or even a well-maintained Acura RL could be considered, though they are in a slightly different class.
Mercedes-Benz S-Class (W220, e.g., S430/S500):
- Performance: The S-Class offered similar V8 power (S500 was slightly more powerful) and a smoother, more isolated ride. The 740 often felt more driver-focused and agile.
- Features: Both were packed with luxury features. The S-Class often pushed the envelope with more cutting-edge tech (e.g., active suspension), though the E38's tech was highly refined.
- Reliability: Both suffer from complex electronics and aging component issues. The W220 S-Class is particularly known for air suspension and electronic issues that can be extremely costly. The 740 is arguably simpler in some regards.
- Price: New, they were similarly priced. Used, both have depreciated heavily, but the S-Class repairs can often be more daunting due to complexity.
Lexus LS 430:
- Performance: The LS 430 offered a silky-smooth V8 and a serene, ultra-refined ride. It was less sporty than the 740 but exceptionally comfortable and quiet.
- Features: Excellent standard features, though perhaps less overtly "sporty luxury" than the BMW.
- Reliability: This is where the LS 430 truly shone, often regarded as one of the most reliable luxury sedans ever built. Far fewer common catastrophic failures compared to the E38 or W220.
- Price: New, competitive. Used, the LS 430 tends to hold its value slightly better than the 740 due to its reputation for reliability, making it a strong alternative for practical buyers.
Audi A8 (D2):
- Performance: The A8 offered a V8 and quattro all-wheel drive, providing excellent traction and a secure feeling. Its aluminum body was innovative, making it relatively light. Driving dynamics were good, but perhaps not as universally praised as the E38 for engagement.
- Features: Luxurious interior, similar tech to the BMW.
- Reliability: Shares some European luxury car issues but generally considered reasonably robust, though not on Lexus's level.
- Price: Competitive new, similar depreciation to the 740 used.
Recommendation: For someone seeking a driver-centric luxury experience with timeless styling, the 740 is a great choice, but be prepared for maintenance. For practical buyers prioritizing absolute reliability and lower long-term costs, the Lexus LS 430 is a demonstrably better alternative. For a more modern alternative that balances performance and luxury with potentially less hassle, newer generations of the 5-series (E60/F10) or even a well-maintained Acura RL could be considered, though they are in a slightly different class.
Final Verdict: Is the 2001 BMW 740 a Good Sedan?
The 2001 BMW 740 is ideal for the automotive enthusiast or a discerning buyer who appreciates classic BMW styling, strong V8 performance, and a driver-focused luxury experience. It's particularly suited for those who are either mechanically inclined, willing to undertake DIY repairs, or have a generous budget for specialized maintenance and repairs. It is absolutely worth buying as a used vehicle, but only under very specific conditions: look for examples with comprehensive service records, ideally from a BMW specialist, demonstrating meticulous care. A pre-purchase inspection by a reputable BMW mechanic is non-negotiable. Avoid the cheapest examples; they will invariably become money pits. This is not a "set it and forget it" car. It rewards owners with a sublime driving experience and a sense of occasion that few modern cars can match, provided you understand and budget for its quirks and needs.
Jovan
Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.