Used 1998 BMW 7 Series Pricing

Consumer Rating

1998 Highlights

BMW introduces Dynamic Stability Control (DSC). DSC is designed to automatically correct the yaw on all 7 Series cars, preventing plowing and fishtailing.


  • Beautiful, powerful, and luxurious, this is the car we are going to buy when we strike it rich.


  • We haven't struck it rich, so we can't afford its high price tag.

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Features & Specs

740iL 4dr Sedan750iL 4dr Sedan740i 4dr Sedan
Transmission5-speed automatic5-speed automatic5-speed automatic
Horsepower282 hp @ 5700 rpm322 hp @ 5000 rpm282 hp @ 5700 rpm


IIHS Rating
The Insurance Institute of Highway Safety uses extensive crash tests to determine car safety.
  • Side Impact Test
    Not Tested
  • Roof Strength Test
    Not Tested
  • Rear Crash Protection / Head Restraint
    Not Tested
  • IIHS Small Overlap Front Test
    Not Tested
  • Moderate Overlap Front Test

Top Consumer Reviews

Read what other owners think about the 1998 BMW 7 Series


Consumer Rating

Amazing reliable first car
Yes, i purchased a 1998 for my first car and it wasnt a mistake. ive had dreams of buying one for my first car since i was 14 and i finally found one. it had 117,000 miles when i bought it and i havent had any serious problems. Everyone told me it was a bad idea to get a car like this because it was so impractical. They said it was bad on gas and parts would be so expensive but so far ive had to replace a water pump and a few other repairs of that sort and i could comfortable affford them on my minimum wage salary. The gas isnt bad in this car at all. Its actually quite good for a 2+ ton v8. I love this car and i hope it will last for a very very long time.
Classy, Stylish, Head Turner.....Still
First they are inexpensive to purchase. I own a 1998 740l, was skeptical at first, 130K miles on her but in pristine condition other than needing new shoes. Hands down the best car I've ever owned or driven long distance in. Smooth ride, adjustable comfortable seating, cold a/c, strong and still turns heads after almost 18 years. Original paint still looks great as does the leather interior. Doors are heavy, it's a touring car, weighing in at some 4200 lbs. Keep on top of her maintenance as you would any other machine and she'll treat you right. My problem is with parking lots and people bumping into her front and rear fenders. These are impact trip guards that are easily replaced. Forget the BMW dealer on parts, check out eBay and you'll find what you need way cheaper. Find a local mechanic who understands BMW's and you'll save a ton of money plus have a mechanic that knows your car. The digital display lose pixels but the instrument panel is perfect. For the price they are a steal and a piece of BMW history. Mine is my daily driver. Window regulators could be constructed stronger, plan on replacing these every few years, again eBay is the place to buy them. Like everything else, pick a good one.
Yes, it is the ultimate driving machine!
I know; I haven’t had this awesome car for long (since June 2010). However, I drove it from Chicago, IL to Norfolk, VA in a super comfortable 14 hrs (939 mi) ride. I got 24 mpg. Very quiet & smooth ride, comfortable driving position, very nice sound system, impressive braking, powerful engine; bottom line: One GREAT vehicle for what I paid for! I just have brace for the shock, when I take it to BMW dealership to get an additional key and new brake lining (pads) replacement. I am the second owner of this very well care for, Protection Package 750IL baby. Now I understand why its called “The Ultimate Driving Machine”
More About This Model

Men hate to ask for directions. It's a credo that must be written on every Y chromosome in existence: when in doubt, do not stop … do not ask for directions … do not show fear … always protect your ego. It drives us women crazy. Men just keep driving in circles, assuring you that they'll easily figure out the way to the out-of-state countryside home of your third cousin twice removed in a blinding dust storm. Relax, they say, it's probably just around the next bend. Well, thirteen bends and a tank of gas later, you're still driving and the family reunion you were heading to has just about ended. And as you fold yourself out of the car later that evening, clutching your Tupperware container full of uneaten potato salad, you secretly vow to yourself that next time, you'll be the one driving to the family reunion.

What if I told you the scene above will never, ever happen again if you buy a BMW 740iL with the optional GPS navigation system? It's true. The GPS system that was installed in our test car makes it virtually impossible to ever get lost. Simply punch in the address of your destination on the keypad and start driving. You can view your progress on an impressively detailed map or just listen to the voice commands that tell you when to turn, what lane to be in and how to get back on track if you miss a turn. But if somehow you still manage to get lost, there's nothing to fear: just punch the emergency button on the screen and it will spit out your exact position, including the road you're on, the county you're in and which way you're heading.

This system will get you to your destination so surely, in fact, that you'll probably be disappointed when it's over. The driving experience of the BMW 740iL is so enticing and enjoyable that you may never make it to cousin Tillie's after all.

The license plate frame on the 740iL we drove late this spring said: "The Ultimate Driving Machine." That phrase was also plastered on the window sticker in large bold letters and written on every piece of paper that contained information about the BMW. Wow. Talk about an ego, I thought. After we took it for its first spin, though, we were all saying the same thing. Maybe it was a not-so-subliminal message, but it was a truthful one, by God. The Ultimate Driving Machine may even be an understatement in this case. There's absolutely nothing negative we can say about this car without making up lies, so we'll just tell you why we liked it so much.

First of all, it is fast. With a 4.4-liter DOHC 32-valve V8 engine making 282 horsepower coupled with a smooth-as-silk five-speed automatic transmission, the ride was both elegant and fun-an experience you didn't want to end. One editor said it handled like a sports car and he felt completely in control, even at high speeds. The steering was responsive and effortless, even while running slow-paced errands around town.

It was also comfortable--not comfortable like sitting on your couch watching sitcoms, but comfortable like soaking in a bubble bath at a five-star hotel. The plush leather seats seemed to make everyone happy, from big guys to small women. The rear seat passengers had adjustable footrests to encourage relaxation, extra trash compartments on the doors to help keep things tidy, climate controls, reading lights, an outlet for cell phones or computers, one-touch power windows and interesting seatbelts that originate on the inside of the seat near the flip-down armrest and buckle on the side by the door. Front seat occupants had just as many niceties, including automatic seats that can move in a gazillion positions, lumbar support and solid headrests. The light tan leather seats were pretty and the wood trim accented the interior in an elegant and understated way.

We were delighted that the radio controls were placed above the climate controls so that when the cupholders popped out they blocked the a/c rather than the stereo. Ergonomics were commendable, with large controls and displays, but we sometimes had to look in the manual to make sure we weren't going to eject through the sunroof when we pressed a poorly marked button. We would have liked a larger cubby in the center console area, but were happy that the top of the center console slid forward for people who need to sit closer to the power adjustable steering wheel. Other features included a mixture of digital and needle gauges on the dash, big pockets in the doors for maps and suntan lotion and a huge trunk that holds mountains of gear and luggage.

We were lucky enough to have snagged the 740iL on the same weekend we had planned a mountain getaway with my sister-in-law and her boyfriend. They had flown in from Cincinnati, Ohio, to enjoy some fresh mountain air and weren't expecting a first-class ride to the chalet in Breckenridge, but that's what they got. The big V8 had no problem navigating through the Rocky Mountains and the vehicle's weatherband radio kept us informed of lingering storms. On the highway, the truck in front of us lost a bag of aluminum cans that rolled all over the road, but the BMW responded quickly and we avoided hitting any of them. If we had, though, we're sure the 740iL could have handled it, since the suspension soaks up potholes and irregularities in the road without ever losing its sporting nature.

Everyone agreed that the 740iL was a sedan to be reckoned with, and at least two editors said they would put one in their garages if they had enough cash. With a base sticker around $66,000, the BMW is pricey but not overpriced. Some competing models are priced lower, like the Cadillac Deville Concours, which stickers at $43,000, while others are much higher, like the Mercedes-Benz S500 at $88,000, so the BMW falls about average in the scheme of things.

If you're going to spend that much money on a car, though, go ahead and order the optional $2500 navigation system. It's too cool to pass up. Sort of like the sedan itself. For instance, one editor was rendered speechless when asked to describe his experience in the BMW, but finally managed to blurt out, "It's quite a chariot!"

It is, indeed.

Used 1998 BMW 7 Series Overview

Pre-owned BMW 7 Series models are available with a 4.4 L-liter gas engine or a 5.4 L-liter gas engine, with output up to 322 hp, depending on engine type. The Used 1998 BMW 7 Series comes with rear wheel drive. Available transmissions include: 5-speed automatic.

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