Used 1998 BMW 7 Series

1998 BMW 7 Series
List price
1998 BMW 7 Series


  • 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.

Used 1998 BMW 7 Series for Sale

BMW 7 Series 1998 740iL 4dr Sedan
97,559 miles
Used 1998
BMW 7 Series
Est.Loan: $133/mo
View Details

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Edmunds' Expert Review

vehicle overview

Last year, the big Bimmer was set to compete with all manner of luxury transport. The reintroduction of the "value leader" short wheelbase 740i allowed BMW to go after lower-priced models such as the Lexus LS400 and Infiniti Q45, as well as its usual target of the Jaguar XJ-6 Vanden Plas and Mercedes S-Class sedans. The strategy has worked well enough, BMW decided to keep the 740i in the lineup for the 1998 model year as well.

The news for this year is the addition of safety equipment to this luxurious autobahn cruiser. Dynamic Stability Control (DSC) is designed to prevent the 7-series sedans from slipping and sliding across the tarmac by controlling the car's yaw. If the system detects a steering wheel angle that is significantly different than the angle that the car is heading, one or more of the car's antilock brakes will engage, putting the car back on the proper course. This, of course, means 7-Series owners' will no longer be able to impress their kids by performing doughnuts in the parking garage of their law firm, but such is the price of safety.

The 7-Series sedans come in three flavors. Those who can't live without will want to check out the amazingly appointed 750iL. Want a stereo that sounds better than symphony hall? Check. Want an anti-theft security system that can put Fort Knox to shame? Check. Want a heated steering wheel? Check. Want 41 inches of rear legroom? Check. There aren't many features in the automotive marketplace missing on this car. Heck, they even addressed our only gripe by adding a steering wheel to the standard equipment list this ear. What's not to love?

Those on a budget, ha ha, should take a look at the 740i. Priced $33,000 less than its big brother, the 740i is geared towards buyers who are merely wealthy instead of obscenely rich. This car has almost everything one could desire, but there are a few items on the option sheet that buyers may want to check.

Nestled snugly between the 750iL and the 740i is the 740iL. The 740iL offers all of the space of the 750iL, but leaves enough money in the checking account to send your pride and joy to Stanford for a year.

The 7-Series long list of standard and optional features includes an integrated cellular phone, all-season traction control, xenon headlights and extra-thick window glass. Personal safety features include double locked doors, coded driveaway protection, two-step unlocking and the elimination of the passenger door locks--with a car this fine you have to be prepared for some unwanted attention.

It is always difficult to choose the "best" in a class of outstanding competitors, with entries from Mercedes, Jaguar, Lexus and Infiniti; it seems flippant to say that one of these vehicles is totally superior to the others; but, we know which one we would buy if we won Lotto. BMW has a tradition of improving on excellence; the 1998 7-Series cars are no exception. If you have the money and need an impressive set of wheels, this is the car for you.

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.

Consumer reviews

Read what other owners think about the 1998 BMW 7 Series.

Overall Consumer Rating

Most helpful consumer reviews

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
Robert W. Eiser,11/10/2015
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”
What A Ride!
Bought it used 6 years ago with 100.000 miles and have driven coast to coast and beyond. Never has broken down and always ready and willing to hit the highway as fast and as long as I dare. It will cruise all day at 100 mph and you arrive safe and fit. And it gets LOOKS! Rode in a newer 750LI to NY. I didnt like it as well as the ol E38. Best bang for the money and it you take care of her she will never let you down....
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Features & Specs

15 city / 22 hwy
Seats 0
5-speed automatic
282 hp @ 5700 rpm
13 city / 18 hwy
Seats 0
5-speed automatic
322 hp @ 5000 rpm
15 city / 22 hwy
Seats 0
5-speed automatic
282 hp @ 5700 rpm
See all Used 1998 BMW 7 Series features & specs


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

More about the 1998 BMW 7 Series
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

The Used 1998 BMW 7 Series is offered in the following submodels: 7 Series Sedan. Available styles include 740i 4dr Sedan, 750iL 4dr Sedan, and 740iL 4dr Sedan.

What's a good price on a Used 1998 BMW 7 Series?

Price comparisons for Used 1998 BMW 7 Series trim styles:

  • The Used 1998 BMW 7 Series 740iL is priced between $6,495 and$6,495 with odometer readings between 97559 and97559 miles.

Shop with Edmunds for perks and special offers on used cars, trucks, and SUVs near Ashburn, VA. Doing so could save you hundreds or thousands of dollars. Edmunds also provides consumer-driven dealership sales and service reviews to help you make informed decisions about what cars to buy and where to buy them.

Which used 1998 BMW 7 Serieses are available in my area?

Shop Edmunds' car, SUV, and truck listings of over 6 million vehicles to find a cheap new, used, or certified pre-owned (CPO) 1998 BMW 7 Series for sale near. There are currently 1 used and CPO 1998 7 Serieses listed for sale in your area, with list prices as low as $6,495 and mileage as low as 97559 miles. Simply research the type of car you're interested in and then select a used car from our massive database to find cheap prew-owned vehicles for sale near you. Once you have identified a used vehicle you're interested in, check the Carfax and Autocheck vehicle history reports, read dealer reviews, and find out what other owners paid for the Used 1998 BMW 7 Series. Then select Edmunds special offers, perks, deals, and incentives to contact the dealer of your choice and save up to $179 on a used or CPO 1998 7 Series available from a dealership near you.

Can't find a used 1998 BMW 7 Seriess you want in your area? Consider a broader search.

Find a used BMW 7 Series for sale - 5 great deals out of 14 listings starting at $20,415.

Find a used BMW for sale - 8 great deals out of 14 listings starting at $14,192.

Find a used certified pre-owned BMW 7 Series for sale - 5 great deals out of 21 listings starting at $9,007.

Find a used certified pre-owned BMW for sale - 2 great deals out of 6 listings starting at $10,604.

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Should I lease or buy a 1998 BMW 7 Series?

Is it better to lease or buy a car? Ask most people and they'll probably tell you that car buying is the way to go. And from a financial perspective, it's true, provided you're willing to make higher monthly payments, pay off the loan in full and keep the car for a few years. Leasing, on the other hand, can be a less expensive option on a month-to-month basis. It's also good if you're someone who likes to drive a new car every three years or so.

Check out BMW lease specials
Check out BMW 7 Series lease specials