We all know that buying a 1997-2000 BMW E39 is cheaper. There seem to be more of them for sale, and those that are found are almost always several thousand dollars less than their 2001-2003 counterparts. There is a reason for this: cosmetics.
Other than the ‘face-lift’ cosmetic changes, BMW didn’t really change a whole lot on these cars. A few new colors, standard features, but nothing like updates between iPhone generations. Let’s first be clear with what the ‘face-lift’ did for the E39: