Hello All,
  I've found a nice semi-low mileage 1994 740i. It has @101k miles. I
believe that it does have the dreaded Nikasil engine, but being a low
mileage Yankee Borne car (New Hampshire - home of Low Sulphur fuels) it is
not showing signs of trouble....yet. (Yes it has passed a leak down test)

The tires are less than 1 year old, new water pump, new plugs, and new coil
packs. Many new suspension parts and the alignment is less than 6 months
old. The brakes are less than 1 year old.
  The interior looks very good (No bolster wear). The "only" mechanical
repair "needed" is the driver side door lock actuator needs to be changed.

I'm getting the car for 4,500.00. It's Black with Tan leather interior. Any
constructive input on what to check would be very appreciated.

Thanks!

Wayne K.