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  1. #1
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    Member No: 14521 jylee is an unknown quantity at this point jylee's Avatar
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    Yes | No

    E38 resale value is dropping too fast. :(

    \'01 740i with sports package at $27850 is insane, albeit with high mileage and no other factory option installed! And it\'s in Orient Blue which is my favorite color.

    \'00 740i with sports package.

    J Lee
    BMWCCA member
    '02 X5 3.0i sport
    '00 740i sport
    '98 528i sport (parted)
    '97 850Ci (parted)
    '00 Audi S4 (adopted)


  2. #2
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    High milage is driving the price

    same car with 20,000 miles is worth 50% more. Milage is a big driver of resale value...joe

  3. #3
    that many miles? - BK
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    Yes | No

    What did you expect for a 2 years old car with


  4. #4
    sterno
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    Yes | No

    It's all about the mileage

    I have a totally stock (but loaded) '96 with 47K original miles - 1 owner - worth $20-22K in mid Atlantic private sale.

  5. #5
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    I guess..

    I guess everyone has different sensitivity level to high mileage cars. My previous E39 climbed up to 70k miles in 3 years, and the current X5 is at 25k miles after 1.5 year. The reason for that is the long commute. I know that high mileage cars are not always beaten up. If you are concerned with the high maintenance cost with high mileage, you can always buy extended warranty for like $3k, and it will still be a good deal, right?

    J Lee
    BMWCCA member
    '02 X5 3.0i sport
    '00 740i sport
    '98 528i sport (parted)
    '97 850Ci (parted)
    '00 Audi S4 (adopted)

  6. #6
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    Yes | No

    I thought the 2001's had the larger Nav screen...?



    <== Steptronic Sam
    2000 740iS, oxford green/tan 42k
    1995 525i, also oxford green/tan 123k

  7. #7
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    Hard to warranty above 100K miles

    And once you hit 100K miles with no warranty you are likely looking at $5K+ per year in onging maintenance...joe

  8. #8
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    Yes | No

    Shhhhh...don't say "extended warranty"....

    But seriously, I've said it before and I'll say it again. Mileage means absolutely nothing if you can verify the maintainence history of the car. Sterno posted that he has a 96 with under 50k. If I were looking for a car, that would not be something that would attract me. (no offense to Sterno) Just like a 2000 with 75k would not run me away.

    Some people seem to be of the belief that a car that simply has low miles is more attractive that one that has been used for it's intended purpose, to be driven. A car that sits with little/no maintainence and low miles is equal to a car that is driven 15-25k a year with subpar maintainence IMO. I would want no parts of either one.

    Chris
    97 740iL Biarritz Blue/Gray (With dude voice Navigation)

    "Somewhere between the earth and the sky, trying not to die."

  9. #9
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    Yes | No

    Not the early-production \'01s



    --
    DDB
    1998 540i 6-speed, build date of 05/1997.
    Factory Options: NAV, DSP
    Mods: 18x8.5 SSR Competition Wheels, 3.15 open differential, H&R/Bilstein suspension, Dinan rear sway bar, RevHigh CAI, GIAC-programmed ECU, Magnaflow cats, 3" pipe in place of resonator, Remus muffler, Rogue WSR, B&M Short Shifter, CDV drilled-out, Whalen shift knob, tint, blacked-out grills, and titanium interior trim.
    My Car's Web Presence

  10. #10
    BK
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    Yes | No

    The car that J. Lee posted has almost 80,000

    miles. You don't think it's a little too much? I don't care
    how well you maintain your car but 40,000 miles per year
    is way too much.

  11. #11
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    Yes | No

    Easy answer - Milage, and Stripper Base Model

    I wouldn't want an 01 E38 that is already at radiator, valve cover gasket, oil seperator, front suspension rebuild, etc... milage.

    Plus, the car is a stripper - no heated seats and no shades. Let's face it, big part of why the E38 is desired is because of it's gadgets, and all this one has is a lonely DSC button ;-)

  12. #12
    Sailorsurfer
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    Yes | No

    Shhhhh ....Sarcasm like that is inflamatory and

    not necessary... Feel better?

  13. #13
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    Member No: 58389 Ultymte is an unknown quantity at this point Ultymte's Avatar
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    I appreciate the coaching. That comment was not

    directed at you, intended to make/help me "feel better," nor to be inflammatory. It was actually quite the opposite. There were many more participants in yesterday's post than you and I, but if my comment disturbed you (or anyone else for that matter) then I apologize.

    I echo the sentiments that Aleki posted after your response yesterday. I understand and appreciate your point of view very clearly now.

    There is my olive branch. Can we chalk it up to a differnce in opinions and push forward without either of us taking this stuff too personally?

    Chris
    97 740iL Biarritz Blue/Gray (With dude voice Navigation)

    "Somewhere between the earth and the sky, trying not to die."

  14. #14
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    Agreed. His link said '00,I now see the car is '01

    That is a hell of a lot of miles in 2 years. I stand behind my comments though. If I were purchasing it for the long term and not concerned about resale, and could verify an outstanding service history, I would get an extended warranty and go with it.

    Chris
    97 740iL Biarritz Blue/Gray (With dude voice Navigation)

    "Somewhere between the earth and the sky, trying not to die."

  15. #15
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    Member No: 38283 mmahoney is an unknown quantity at this point mmahoney's Avatar
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    Yes | No

    It's a full fledged Sport model which isn't base

    It's also in Florida, not much use from heated seats there. :-)


    MikeM
    2000 740i Sport
    Click here to go to my 740i Sport web site.

    Click here to go to the Seattle 7s web site.


  16. #16
    Sailorsurfer
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    Yes | No

    Olive branch accepted, appreciated and one of my

    own offered in return. A lively and spirited discussion of opposing views and the free exchange of information is what I understood the forum to be about. From my point of view no offense intended or taken in the past or future. Hope all is cool.

  17. #17
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    Member No: 58389 Ultymte is an unknown quantity at this point Ultymte's Avatar
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    Yes | No

    Not the same car,but that button does look lonely!




    Chris
    97 740iL Biarritz Blue/Gray (With dude voice Navigation)

    "Somewhere between the earth and the sky, trying not to die."

  18. #18
    JohnG
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    Yes | No

    I'm in TX, still want heated seats - and buttons!

    Yeah, but the only thing it has is the sport package. Buttons are essential - I would detest getting into my E38 and knowing there were more gadgets out there that I lacked - personal preference, but I'll bet it's easier to sell an BMW that has every option than one that has only one option.

    This car has only one option - the sport package.

    So while there are only a handful of options avaiable on an 01 E38, this car lacks the vast majority of them. Lacking most of the options = stripper in my book

    The three normal options it lacks are Front Heated Seats, Shades, and PDC and then it doesn't have any of the rarely seen oddball options like break resistant glass & rear heated seats.

    Heated seats are still useful in FL - it's cold when you get in the car in AM in the winter, it's even cold at night sometimes during the spring - I've made use of heated seats several times in Pensacola.

    So that's my theory on why it's an 01 selling for $28,000. That and the milage.

  19. #19
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    Yes | No

    Though lacking buttons, you have to admit....

    that the \"true\" sport package is a hell of an option though! I never knew PDC was a \"normal\" option, but maybe that\'s because I don\'t have it! I wonder how many people would trade button\'s for a \"true\" sport package on an iL?

    Chris
    97 740iL Biarritz Blue/Gray (With dude voice NAV)


    "Damn, that's gotta hurt....."

  20. #20
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    Yes | No

    Re: Though lacking buttons, you have to admit....

    buttons are important!! although on an iL, you get the S EDC button with the true sport package; so if you have a sport iL with convenience and PDC, all you're missing are the active seats....then you won't have that lonely DSC button in the left corner.... :D

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