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Rated M
04-10-2008, 03:56 PM
There were, I think, only 45 E34 3.6 M5's ever imported into Australia by BMW, (I am lucky enough to own one) and I'm not sure if the 45 total included the 3.8 litre Stewart Garmey owned.
There was an unsatisfied demand which caused a Limited Edition E34 to be created to try to fill the requirement. It came with a 6 speed manual bolted onto the 4.0 litre V8 and all the M package. Needless to say it was some car.
http://www.fantasycars.com/sedans/HTML/bmw_540i_sport_e34.html
http://www.kindel.com/bmw/roundel.htm
http://www.kindel.com/bmw/m540_info.htm

In the text below here I have to admit to some plagiarism from other forums. Oh well, facts are facts!

These cars were very special. Only 302 similar were made by BMW worldwide, with Australia receiving only 70 of them.
Each of the Australian vehicles originally had a numbered plaque (under the handbrake lever). The specs are similar to the 200 US M-Sport 540i's and the 32 Canadian M540i's produced in 1995.

BMW stopped selling E34 M5’s in Australia in late 1992 – primarily due to the introduction of the 3.8 litre motor. The E34 M5 was again revised in late 1994 with the inclusion of a number of options as standard, bigger brakes, and other changes.

In early 1995, the LE’s were introduced into Australia at about the same time as the US M-Sports and the Canadian
M540i’s. Our LE was also the only way you could get a 540i with a manual 6 speed gearbox.
The LE development was a recognising the need to keep up the image of the the ageing E34 M5, given the impending release of the E39 in 1996. So, BMW decided to dip into the M5parts bin and produce a new flag waver for the E34 5 series for each of these 3 markets wherethe M5 was no longer available. The 540iLE, the M-Sport and the M540I were the result. The E34 M5 was a special handbuilt, therefore slower produced vehicle. Demand had exceeded supply. I speculate here that this is why BMW decided to build future M's on their production lines with the other BMW's.

The result was in all three markets, the cars are prized by those who know what they are. This car came with all the benefits of an M5, coupled with the torque and smooth easy power of the V8. Parts for the 540i are much easier to access and there is wider knowledge of the engine than the twin OHC M5 6cyl.
Arguably, except for the motor, but with the brakes and the M5 body kit, the LE was pretty much a 1995 M5.
Check these inclusions:
 Switchable EDCIII M5 suspension (this involves an adaptive damping suspension that, within fractions of a second, adjusts to the cars speed, the surface of the road, the load carried and the type of driving being experienced
 full M5 sports interior, including leather sports seats, or optional M-Clth / Alacantara
 M5 6 speed gearbox
 M5 servotronic steering
 Illuminated 6 speed M5 gearknob
 M5 exclusive bird’s eye maple dark grey woodwork.

In 1995, these cars were very expensive,retailed for around $154,000.00 plus on road costs! Nothing offered in Australia came close to the experience offered by the 540iLE. The only similar concept would have been the HSV GTS 215i – Comparison in the August 1995 Wheels magazine, decided they were very different cars and held appeal to very different sorts of buyers.

More details on the LE generally can be found at :
http://autos.groups.yahoo.com/group/BMW540iLE/

Info on the US M-Sport and the Canadian M540iLE can be found at:
http://autos.groups.yahoo.com/group...?yguid=21653679

Leo_328i
05-10-2008, 01:39 AM
Went around the DECA back track in one... they are a very impressive car indeed.:)

gwm635
19-10-2008, 11:41 AM
Hi,
I'm in the lucky position of having owned both a 540LE (#45/70)
48
49
and my current 3.6 M5.
50
I was also lucky enough to drive a mixture of both on our E34 tours over the past few years. Many of us commented on how it was hard to believe that 2 cars built on the same chassis with the same intention could feel so different. I concede my opinions are subjective but they are from personal experience so here goes.

The best car I have owned (and I've had well over 20) is the 540LE. As a daily driver it is without peer; quick, smooth, comfortable and great fun at 8 tenths. There was nothing that car didn't do well and my wife (not a car nut) still misses it some 3 years later.

BUT, it is not a hand built Motorsport BMW, the steering that is great everyday just wasn't there on the limit, whereas I swear the the M5 talks to me (although my M6 is better!). The engine in the M5 has to be experienced, it wants to be flogged. Poodling through traffic the V8 in the 540 is relaxed and happy, the M5 is grumpy and wants to be taken onto a back road and wrung out through the gears. The bills to fix a broken S38 WILL make you cry whilst the V8 is expensive, it's just "I own a BMW" expensive.

I could rant on for hours with things like a good 540LE kills a bad M5 etc but in the end, if you want a grand tourer without peer (that your wife will love)to drive everyday, buy the 540LE. If you want a car (that if you're lucky your wife will tolerate) that will reward you when you take it out for a fang on quiet back roads, buy an M5...

ANILE8
26-10-2008, 09:35 AM
Hi,

BUT, it is not a hand built Motorsport BMW, the steering that is great everyday just wasn't there on the limit, whereas I swear the the M5 talks to me (although my M6 is better!). The engine in the M5 has to be experienced, it wants to be flogged. Poodling through traffic the V8 in the 540 is relaxed and happy, the M5 is grumpy and wants to be taken onto a back road and wrung out through the gears. The bills to fix a broken S38 WILL make you cry whilst the V8 is expensive, it's just "I own a BMW" expensive.

I could rant on for hours with things like a good 540LE kills a bad M5 etc but in the end, if you want a grand tourer without peer (that your wife will love)to drive everyday, buy the 540LE. If you want a car (that if you're lucky your wife will tolerate) that will reward you when you take it out for a fang on quiet back roads, buy an M5...

Looks like a nice M5, post some pictures in the Multimedia - Photo section!!!

Rated M
27-10-2008, 10:17 AM
Hi,
I'm in the lucky position of having owned both a 540LE (#45/70)
48
49
and my current 3.6 M5.
50
I was also lucky enough to drive a mixture of both on our E34 tours over the past few years. Many of us commented on how it was hard to believe that 2 cars built on the same chassis with the same intention could feel so different. I concede my opinions are subjective but they are from personal experience so here goes.

The best car I have owned (and I've had well over 20) is the 540LE. As a daily driver it is without peer; quick, smooth, comfortable and great fun at 8 tenths. There was nothing that car didn't do well and my wife (not a car nut) still misses it some 3 years later.

BUT, it is not a hand built Motorsport BMW, the steering that is great everyday just wasn't there on the limit, whereas I swear the the M5 talks to me (although my M6 is better!). The engine in the M5 has to be experienced, it wants to be flogged. Poodling through traffic the V8 in the 540 is relaxed and happy, the M5 is grumpy and wants to be taken onto a back road and wrung out through the gears. The bills to fix a broken S38 WILL make you cry whilst the V8 is expensive, it's just "I own a BMW" expensive.

I could rant on for hours with things like a good 540LE kills a bad M5 etc but in the end, if you want a grand tourer without peer (that your wife will love)to drive everyday, buy the 540LE. If you want a car (that if you're lucky your wife will tolerate) that will reward you when you take it out for a fang on quiet back roads, buy an M5...

Subjective but seconded!
probably never better put. I have driven LE and own the E34 M5.

dmurton
02-11-2008, 05:54 PM
I like the sound of one of these. Just snooping around the net, and there are two up for grabs at the moment, #16 and #35.

#35 http://www.carsales.com.au/used-cars/private/BMW/540i/details.aspx?mode=clp&Cr=0&__Ns=pCar_YearMade_Int32%7C0%7C%7CpCar_PrivateSpec ialFlag_Int32%7C1%7C%7CpCar_ImageCount_Int32%7C1&trecs=2&silo=1003&seot=0&__N=1216+834+285+257&R=6407606

#16 http://www.carsales.com.au/used-cars/private/BMW/540i/details.aspx?mode=clp&__Ns=pCar_YearMade_Int32%7c0%7c%7cpCar_PrivateSpec ialFlag_Int32%7c1%7c%7cpCar_ImageCount_Int32%7c1&seot=0&silo=1003&Cr=1&__N=1216%20834%20285%20257&R=5332918&trecs=2

If I didn't have so many project cars (and had a much larger garage), I'd just about go for one of these. They might almost be more 'exclusive' than the M5 perhaps?

gwm635
02-11-2008, 06:53 PM
I like the sound of one of these. Just snooping around the net, and there are two up for grabs at the moment, #16 and #35.

#35 http://www.carsales.com.au/used-cars/private/BMW/540i/details.aspx?mode=clp&Cr=0&__Ns=pCar_YearMade_Int32%7C0%7C%7CpCar_PrivateSpec ialFlag_Int32%7C1%7C%7CpCar_ImageCount_Int32%7C1&trecs=2&silo=1003&seot=0&__N=1216+834+285+257&R=6407606

#16 http://www.carsales.com.au/used-cars/private/BMW/540i/details.aspx?mode=clp&__Ns=pCar_YearMade_Int32%7c0%7c%7cpCar_PrivateSpec ialFlag_Int32%7c1%7c%7cpCar_ImageCount_Int32%7c1&seot=0&silo=1003&Cr=1&__N=1216%20834%20285%20257&R=5332918&trecs=2

If I didn't have so many project cars (and had a much larger garage), I'd just about go for one of these. They might almost be more 'exclusive' than the M5 perhaps?

Certainly more exclusive than an E39 or E60, but not the E34 M5, in Australia at least, as only 45 of them were officially delivered by BMWGA.

If you want to dig a bit deeper though there was only about 311 E34 540/6 speed manuals made in RHD (including 62 tourings!), whereas there was 524 3.6 M5's, and 343 3.8 M5's made in RHD.

The most "exclusive" LE is currently for sale. Exclusive in that it was the only one delivered with parchment interior and the light coloured wood. Has a "unichip" in it with a custom exhaust (been dynoed at around 190rwKW and sounds horn!!)
http://carsguide.news.com.au/site/search/vehicle-details/CG_159829/vehicle-search/@Nf=pYear|BTWN%201995%201996&Nf=pYear|BTWN%201995%201996&origin=advanced&N=4294962119++485+4294965845&Ns=pPrice|1||Make|0||Model|0||Badge|0||Series|0||p Year|1||pAdType|1||pSortDateListed|1||pPhotos|1||p Price_private_sale|0||pPrice_dealer_trade|0||pPric e_dealer_retail|0&searchType=3&vehicleType=3

andrew@southernbm
02-11-2008, 07:30 PM
Hi have been driving 16 around but more recently have number 4 in my garage nearly every night, nice car now that it has been sorted out.

dmurton
11-11-2008, 04:24 PM
What kind of sorting out did it need?

andrew@southernbm
12-11-2008, 08:41 PM
Shocks, clutch, seat repairs, service, inlet man gaskets,pcv, p/s hose leaks, cam cover gaskets, sump, injectors.....and the like.....i may have a tobago blue car for sale soon as well, so there could be 3 in the shop:eek:

gwm635
12-11-2008, 08:50 PM
i may have a tobago blue car for sale soon as well, so there could be 3 in the shop:eek:
#69 coming onto the market??

andrew@southernbm
13-11-2008, 06:01 AM
Hi Garry,

Hows things?

You coming to Calder on the 23rd?

I dont think 69 would come on the market, it would go straight to my garage :D

If i can work a deal with another car then another Tobago car may come on the market.;)

gwm635
13-11-2008, 01:29 PM
You coming to Calder on the 23rd?


No mate,
I've cracked the sads with the E12 as a track car. Aside from no horsepower, crap handling and lousy brakes it's really good on the track!! The problem is to get it to where I want it as a track car will destroy what it is, and still be a compromised track car.

The plan is to sell/swap it for something more suited to track work, which could take a while.

Enjoy Calder