What is your tolerance for risk? That’s the question you need to ask yourself if you’re thinking about buying a cheap, high mileage German executive sedan. The used car market is littered with them: cars whose values have fallen so far off a cliff that they can now be had for a fraction of their original price. This E38 740iL is one such car, on sale for just $3,800. Let that sink in for a moment: a mere thirty eight hundred dollars (EDIT: it’s listed even cheaper on their website at $3,100). The yuppie bike store a few blocks from my house sells bicycles that are more expensive than that. Sounds tempting, doesn’t it? Sure, the asking price might simply turn out to be the cost of entry into money-pit hell. But on the other hand, if you go in with your eyes open, and especially if you can turn a wrench yourself, this could be a great deal on a cool car that lets you live out your Transporter fantasies on a shoestring budget.
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