The 1998 BMW 7-Series, specifically the E38 generation (1994-2001), represented BMW's pinnacle of luxury and engineering in its era. Available as a four-door sedan, key trims included the 740i and the range-topping 750iL. Known for its sophisticated design, powerful engines, and advanced technology for its time, the E38 7-Series was popular among discerning buyers seeking a blend of performance and opulence.
The Good
The 1998 7-Series excels with its refined driving dynamics, plush ride quality, and timeless executive styling. Its powerful V8 and V12 engines offer exhilarating performance, while the spacious, well-appointed cabin provides exceptional comfort. It offers a rewarding ownership experience for those who appreciate German engineering and luxury.
The Bad
Potential buyers should be aware of common E38 issues such as aging electronics (e.g., window regulators, instrument clusters), cooling system leaks (especially plastic components), and potential VANOS or oil seal problems. Regular maintenance is crucial.
1998 BMW 7-Series: Quick Overview
- Engine Options:
- 4.4-liter V8 (M62B44)
- Horsepower: Approximately 282 hp @ 5400 rpm
- Torque: Approximately 317 lb-ft @ 3600 rpm
- 5.4-liter V12 (M73B54)
- Horsepower: Approximately 322 hp @ 5000 rpm
- Torque: Approximately 361 lb-ft @ 3900 rpm
- 4.4-liter V8 (M62B44)
- Fuel Economy:
- Varies by engine and driving conditions. Expect lower MPG for the V12. Estimates range from 14-17 MPG city and 19-23 MPG highway.
- 0-60 Times:
- 740i: Approximately 6.5 - 7.5 seconds
- 750iL: Approximately 6.0 - 6.8 seconds
- Towing Capacity:
- Not typically designed or rated for towing.
- Trim-Level Features:
- 740i: Standard features often included leather upholstery, power-adjustable front seats, dual-zone climate control, a premium sound system, cruise control, and alloy wheels. Optional features could include a sunroof, heated seats, navigation system, and xenon headlights.
- 750iL (Long Wheelbase): Included all features of the 740i plus extended rear legroom, often enhanced interior materials (like wood trim), rear climate control, and potentially more advanced luxury amenities as standard.
1998 BMW 7-Series Specifications
No records to be displayed
Vehicle History Report
What Problems Does the 1998 BMW 7-Series Have?
The 1998 BMW 7-Series (E38 generation) is generally considered a well-built vehicle, but like any car of this age, it has common issues. One of the most frequently reported problems is with the cooling system, particularly the plastic components like the radiator, expansion tank, and coolant hoses, which can become brittle and crack, leading to leaks. The VANOS (Variable Valve Timing) system can also develop issues, leading to rough idling or reduced performance, often due to worn seals. Oil leaks are another concern, particularly from the valve cover gaskets and oil pan gasket. The electronic systems are also prone to age-related failures. This includes issues with the instrument cluster (pixelated displays are common), window regulators and motors, central locking system, and the heated seat elements. The ABS/DSC module can also be a costly repair if it fails. While there weren't widespread recalls specific to the 1998 model year that are significantly different from other E38 years, it's always wise to check for any outstanding safety recalls. Long-term reliability is heavily dependent on consistent and thorough maintenance. Vehicles that have been neglected will likely incur more significant repair bills. The V12 engine in the 750iL, while offering unparalleled smoothness and power, is also more complex and can be more expensive to maintain and repair than the V8. It's essential for potential owners to be aware that parts for these older luxury cars can be expensive, and specialized BMW knowledge is often required for proper diagnosis and repair.
How long will the 1998 BMW 7-Series last?
With diligent maintenance, a 1998 BMW 7-Series can realistically achieve 200,000 to 250,000 miles, and potentially more. Many owners report their E38s have surpassed these figures. Long-term durability is contingent on addressing issues proactively. Weaknesses tend to emerge in the cooling system, electrical components, and suspension bushings with age and mileage. Regular fluid changes (engine oil, coolant, transmission fluid, brake fluid), timely replacement of worn parts (belts, hoses, seals), and keeping up with scheduled maintenance are paramount. Owners who invest in preventative care will be rewarded with a more reliable and enjoyable driving experience for many years.
What Technology & Safety Features are Included?
The 1998 BMW 7-Series was a technological showcase for its time, offering a blend of luxury and innovation. Standard technology included a sophisticated climate control system, power windows and locks, cruise control, and an AM/FM stereo with CD player. Many models featured advanced options for the era, such as a factory-installed navigation system, which was a rarity. The central information display (CID) in the dashboard provided data on the car's status, trip computer, and navigation prompts. For entertainment, premium audio systems with multiple speakers were available, offering a rich listening experience. While driver-assistance features were not as prevalent as today, the E38 offered systems like ABS (Anti-lock Braking System) and ASC+T (Automatic Stability Control and Traction Control) as standard or widely available options. Some models may have had parking sensors, a precursor to modern backup cameras. Safety features were robust for the period, including front airbags, side-impact airbags, and pre-tensioned seatbelts. The E38 chassis was designed with a strong safety cage. Crash-test ratings for this specific model year are not as readily available as for newer vehicles, as testing methodologies and standards have evolved significantly. However, BMW's reputation for safety engineering during this era suggests a solid performance in collision scenarios. The integration of these features, while perhaps dated by today's standards, was cutting-edge in 1998 and contributed to the 7-Series's appeal as a technologically advanced luxury sedan.
What Colors Options are Available?
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1998 BMW 7-Series Prices and Market Value
When new, the 1998 BMW 7-Series was a significant investment. The 740i typically started in the mid-$60,000s, while the V12-powered 750iL could easily exceed $80,000-$90,000 depending on options. These vehicles have undergone substantial depreciation. Today, used prices for the 1998 7-Series vary greatly based on condition, mileage, and trim level. Well-maintained examples can range from $3,000 to $8,000 for a 740i, while exceptional 750iL models might fetch slightly more. Factors affecting resale value include maintenance history (a comprehensive service record is crucial), overall condition (cosmetics and mechanical), mileage, and the presence of desirable options. Poorly maintained examples can be found for under $2,000 but often require substantial investment.
1998 BMW 7-Series Cost of Ownership
Owning a 1998 BMW 7-Series is generally considered costly. Insurance premiums can be moderate to high, depending on your record and coverage. Fuel costs will be significant, especially for the V12, with MPG ratings in the mid-to-high teens. Maintenance is crucial and requires specialized knowledge, making it more expensive than for a common sedan. Routine services like oil changes and filters are manageable, but repairs to the complex V8 or V12 engines, electronics, and suspension can be very expensive. Parts can also be costly. Overall, it is not an economical vehicle to own and is best suited for enthusiasts who understand and budget for potential repair costs.
1998 BMW 7-Series Fuel Efficiency
No records to be displayed
1998 BMW 7-Series Insurance
Insurance for a 1998 BMW 7-Series is moderately priced, reflecting its status as a Vehicle with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1998 BMW 7-Series Compare to Other Vehicle?
In 1998, the BMW 7-Series (E38) competed directly with other luxury sedans like the Mercedes-Benz S-Class (W140), Lexus LS 400, and Audi A8. Performance-wise, the 7-Series offered a compelling blend of potent V8 and V12 engines that provided strong acceleration and refined cruising. The Mercedes S-Class, particularly the V8 and V12 models, offered a smoother, more opulent ride and arguably a more imposing presence, though it could feel less agile. The Lexus LS 400 was renowned for its exceptional reliability and serene cabin, often surpassing the Germans in this regard, but it lacked the same level of dynamic engagement. The Audi A8, with its standard quattro all-wheel drive, offered superior traction in adverse conditions and a sleek design, though its performance might not have reached the same highs as the top-tier BMWs. Features in the 1998 7-Series were cutting-edge for its time, including early navigation systems and premium audio, comparable to its rivals. Reliability is where the 7-Series often trailed the Lexus LS 400, with more complex electronics and a propensity for age-related issues compared to the bulletproof Japanese offering. Price-wise, the 7-Series was competitively positioned, sitting in the premium luxury segment alongside its direct competitors. Similar alternatives offering strong value in the used market today include the Mercedes S-Class (W140) for ultimate comfort and presence, or the Lexus LS 400 for superior reliability and a more relaxed ownership experience. For those seeking a more driver-focused luxury experience, a well-maintained E38 7-Series remains a compelling, albeit potentially more costly, option.
Final Verdict: Is the 1998 BMW 7-Series a Good Vehicle?
The 1998 BMW 7-Series is ideal for the discerning enthusiast or individual who appreciates classic German luxury, potent performance, and a sophisticated driving experience, and who possesses a realistic understanding of potential maintenance costs. It is worth buying as a used vehicle for those who prioritize style and driving dynamics over absolute reliability and low running costs. Buying new is obviously not an option. It's best purchased from a seller with meticulous maintenance records, ideally a 740i trim for a balance of performance and slightly less complexity than the V12 750iL. Thorough pre-purchase inspection by a BMW specialist is non-negotiable to avoid costly surprises.
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