Budget V12: 1998 BMW 750iL

Do you only have $7k to spend on a car? Do you still want to look like a BOSS?

Then you should buy this E38 750iL. That is, of course, after you’ve put it through a PPI to make sure it isn’t about to grenade, and talked with your bank manager (slash significant other) to check you can afford the fuel and maintenance on this V12-powered cruise missile. The long-wheelbase E38 7-series is a real bruiser and a looker, especially in black: a behemoth in a bespoke suit. And while the electronics on BMW’s V12 motors are notoriously expensive to fix when they go wrong, the 5.4 liter SOHC M73 engine itself is fairly reliable. While power output at 320 hp is relatively modest for such a large lump, there’s plenty of low-down torque, the unit doesn’t suffer from the timing chain/guide failures that afflict V8s from the same era and, according to some on the forums, even manages to return a reasonable 24 MPG on the highway. That’s pretty incredible when you think about it. The relatively puny M50 six cylinder in my E34 only manages a few more than that.

CLICK FOR DETAILS: 1998 BMW 750iL on eBay