"I bought my 1996 740iL when it was 8 years old, and had right at 100K miles (now has 146K). I still smile every time I drive it. Had a 1991 525i prior to this, and enjoyed it, too....but it didn't hold a candle to my 7. Perfomance is amazing...luxury a given...and, like many others here, I get about 21/27 MPG! You'll have a hard time finding any new cars that feel as good.
I've driven Lamborghini, Porsche, Ferarri, and many others. While they are a blast, I'll take mine as a daily driver. Same luxury feel, great performance...and you can take 4 or 5 of your friends/family with you. What a deal!
As to the naysayers: This car will cost money to maintain (compared to a Honda Civic), but it doesn't drive/perform/feel like a Honda either (Thankfully!!). You are either prepared for the cost, or you aren't. Another car guy once told me 'If you can't afford the tires, you can't afford the car'. He wasn't specifically talking about tires, of course, but you get the idea. Also, as some have mentioned, there are some great forums for the e38, for you DIY folks. Many of the links I found even include step by step instructions, and pictures! Good luck."
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