Ownership Cost for 2001 BMW 7 Series 740iL
Estimated: $40718 over the next 5 years
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
| Depreciation | $2070 | $993 | $869 | $787 | $704 | $5423 |
| Insurance | $1459 | $1510 | $1563 | $1618 | $1675 | $7825 |
| Fuel | $1950 | $2009 | $2079 | $2162 | $2259 | $10459 |
| Maintenance | $2763 | $2335 | $1191 | $1095 | $2291 | $9675 |
| Repairs | $977 | $1138 | $1298 | $1417 | $1627 | $6457 |
| Taxes & Fees | $593 | $593 | $593 | $593 | $593 | $878 |
| Total Ownership Costs | $9812 | $8053 | $7086 | $7134 | $8633 | $40718 |
| Model year | COMPONENT | Complaint |
| 2005 | ENGINE | TL* THE CONTACT OWNS A 2005 BMW 7 SERIES. THE CONTACT STATED THAT HE WAS UNABLE TO PASS EMISSIONS BECAUSE THE CHECK ENGINE WARNING LIGHT WAS ILLUMINATED. THE CONTACT TOOK THE VEHICLE TO THE DEALER AND WAS TOLD THAT THE INTAKE VALVES ON THE AUXILIARY PUMP LEAKED OIL INTO THE MANIFOLD AND CAUSED THE VEHICLE TO RELEASE SMOKE AND EMISSIONS. THE FAILURE MILEAGE WAS 99,500 AND THE CURRENT MILEAGE WAS 101,100. |
| 2001 | ENGINE AND ENGINE COOLING:COOLING SYSTEM:RADIATOR ASSEMBLY | I NEED TO HAVE A NEW ENGINE PUT IN FOR MY 2001 740I BMW DUE TO A CRACKED RADIATOR WHICH LED TO THE DAMAGE OF THE ENGINE BEYOND REPAIR. THE CAR HAS 68,000 MILES ON IT. I WAS FORTUNATE THAT I WAS NOT INJURED AND I DID NOT CAUSE AN ACCIDENT ON THE HIGHWAY. I CONTACTED THE COMPANY EXPLAINING MY SITUATION. BMW REFUSED TO ACKNOWLEGE THAT THERE ARE SOME MAJOR DEFECTS WITH THE RADIATOR AND REFUSED TO HELP PAY FOR THE COST OF THE NEW ENGINE. I HAVE DONE SOME RESEARCH ON THE WEB AND HAVE FOUND THAT MANY BMW OWNERS ESPECIALLY BMW 7 SERIES MODEL HAVE GONE THROUGH THE SAME PROBLEM. THERE'S ALSO A PETITION CONCERNING MAJOR DEFECTS WITH ALL BMW 7 SERIES' RADIATOR. THE DEFECTS HAVE CAUSED THE COSUMERS COSTLY REPAIRS NOT TO MENTION DANGEROUS DRIVING CONDITIONS WHICH COULD LEAD TO SERIOUS INJURIES OR EVEN DEATHS. THANK YOU FOR YOUR CONSIDERATION! REGARDS, CHI TRUONG |
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