3 Minutes
The Timeless Appeal of the BMW E38 7 Series
For many car enthusiasts and BMW aficionados alike, the E38 generation of the 7 Series isn’t just another luxury sedan—it's an icon. Produced at BMW’s renowned Dingolfing plant from 1994 to 2001, the E38 set a benchmark for design, comfort, and performance in the executive sedan segment. Though the latest G70 BMW 7 Series has impressed fans with its bold styling, many purists still regard the E38 as the most elegant BMW 7 Series ever, especially in sought-after trims like the Alpina.
Not Quite an Alpina, But Full of Character
While the model showcased in the accompanying gallery isn’t the coveted Alpina version, it still holds its own as a compelling piece of BMW history. This particular car is a 2001 BMW 740i, a sedan that combines robust German engineering with refined luxury. Powering this classic is a 4.4-liter V8 engine, delivering 282 horsepower (286 PS/210 kW) and 324 lb-ft (439 Nm) of torque. Paired with a 5-speed automatic transmission and rear-wheel drive, the E38 provides a driving experience that’s both athletic and supremely comfortable.
Feature-Rich M Sport Package
Adding to its allure, this BMW 7 Series comes loaded with the M Sport Package—a favorite among enthusiasts seeking both performance and luxury. Key highlights include 18-inch alloy wheels, M Sport suspension for sharper handling, an M-specific steering wheel, and multi-contour adjustable power front seats. The sedan also features a shorter final drive ratio for improved acceleration dynamics. Inside, amenities abound: a power sunroof, xenon headlights with integrated washers, dual-zone automatic climate control, a power rear sunshade, manual rear window sunshades, and sumptuous leather upholstery create a sophisticated cabin environment.
Modern Tech Upgrades
While staying true to its classic roots, this E38 740i has been updated with modern conveniences. Notably, it sports a Pioneer head unit, offering wireless Apple CarPlay smartphone integration—a must-have for today’s drivers. An aftermarket reverse camera and a powerful upgraded sound system with trunk subwoofers complete the entertainment suite.
Condition and Honest Imperfections
As with many vehicles approaching the quarter-century mark, this 2001 BMW 7 Series comes with its share of history. A collision nearly a decade ago didn’t deploy the airbags but left some cosmetic and functional blemishes: chips and scratches on the exterior, missing right headlight nozzle, curb rash on the wheels, worn interior trims, loose seatback pockets, a loose sunroof cover, and a stained headliner. Furthermore, the ABS warning light is illuminated—a result of the ABS module pre-charge pump not supplying optimal pressure, according to the seller.
Mileage, Market Value, and a Bargain Price
With a documented 123,600 miles (approximately 199,000 km) and a clean California title, this Alpine White BMW 740i with a gray interior presents an intriguing proposition. Despite its age and imperfections, the model recently sold at no reserve on Cars & Bids for just $6,200—a fraction of the roughly $17,000 average market price reported by third-party valuation sites. To put it in perspective, the most pristine examples of the 2001 BMW 740i have fetched over $57,000 in the past five years.
Restoration Potential and Lasting Legacy
For savvy buyers, this E38 7 Series represents a rare opportunity to own, restore, and personalize one of BMW’s finest sedans. Envision this car restored to its former glory, perhaps with a resplendent black paint finish—it's easy to see why the E38 commands such enduring admiration among BMW 7 Series lovers and classic car collectors alike.
Source: autoevolution
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