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2001 BMW 740iL

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By Research the Car 2 min read

The 2001 BMW 740iL is a luxury sedan powered by a naturally aspirated 4.4-liter V8 engine producing 293 horsepower and 324 lb-ft of torque. It is paired with a standard 5-speed Steptronic automatic transmission. The 740iL was praised for its smooth and refined driving experience, spacious interior, and advanced technology for its time. However, it also had some issues that owners encountered.

Engine

  • M62B44 V8 Engine
    • Valve Stem Seal Failure: Oil leaks from the valve cover and increased oil consumption. Valve stem seals need to be replaced. $1000 - $2000+
    • VANOS Solenoid Issues: Timing problems, decreased engine power, and rough idle. Solenoids need to be replaced. $300 - $600+

Transmission

  • 5-Speed Steptronic Transmission
    • Shifting Problems: Transmission slipping or refusing to shift gears. Transmission control module or transmission rebuild may be necessary. $1500 - $3000+

Suspension

  • Front Control Arm Bushings: Premature wear and tear, causing clunking noises and poor handling. Bushings need to be replaced. $500 - $1000+
  • Rear Air Suspension: Leaks or malfunctions, leading to uneven ride height and reduced handling. Air bags or compressor may need to be replaced. $1000 - $2000+

Electrical

  • Battery Discharge: Battery drains prematurely, even when the car is off. Electrical system needs to be inspected and components such as the alternator or battery may need to be replaced. $300 - $1000+
  • Instrument Cluster Malfunctions: Gauges or displays fail to work properly. Instrument cluster or wiring harness may need to be replaced. $500 - $1200+

Exterior

  • Door Lock Actuator Failure: Doors fail to lock or unlock electronically. Actuators need to be replaced. $200 - $400+

Interior

  • Climate Control Problems: Malfunctioning temperature or fan settings. Climate control module or sensors may need to be replaced. $500 - $1500+
  • Heated/Cooled Seats: Heating or cooling elements fail, resulting in non-functioning seats. Seat heaters or coolers may need to be replaced. $500 - $1000+

Summary

The 2001 BMW 740iL is a well-rounded luxury sedan with a few common issues that owners have encountered. While some issues, such as valve stem seal failure and transmission problems, can be expensive to fix, many others are relatively minor and affordable to repair. It is important to consider these potential issues when purchasing a used 740iL to ensure that you are prepared for any necessary repairs.

BMW, 740iL
BMW 740iL 2001
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