BMW 540IA 2001 OIL RESET

Newer or luxury vehicles have reminder sensors for routine check ups on vehicles after so many miles like oil changes and air filters you will need to find the sequence to reset the light. Also I am not sure about the air bag. Might be a loose,wire connected to the air bag

You can find the oil life monitor reset procedure here

Oil Change Light Reset BMW Z3 1998 1999 2000 2001 2002 Reset Your Oil...

This can only be done with a B.M.W service tool,try a motor factors for one they don`t cost much and do all B.M.W`s(charge your mates for a lights out soon make ur money back!!!!!!!)

You can find the oil life monitor reset procedure here
Oil Change Light Reset BMW 330xi 2001 2002 2003 2004 2005 Reset Your Oil...

BMW Model E39 built from 1996~2000 will have a port like the one shown below. A Reset tool like a Peake R5 or R5-FCX is needed to reset the oil service or inspection service lights after required service.

1) If you have a reset tool then turn your car key to Position II but do not start the car.
2) Turn the cap counter clock wise on the Data Link Connector and insert the Reset Tool
3) Follow the instructions of your reset tool, different models may have different functions however they all create a short in PIN 7 to PIN 19 for a given amount of time.

OIL Service Reset requires pin 7 and 19 to be closed for 3+ seconds

INSPECTION Service Reset requires pin 7 and 19 to be closed for 10+ seconds

4) Once done, remove the reset tool and close the cap .
5) Your dash should light up with green lights at this point.
If the light did NOT reset after the above steps then you might be resetting Oil Service however an Inspection Service is needed.

Most probably it is synthetic oil ad unless you own the tool to open the computer you will need a BMW tech to reset the light or at least a certified BMW mechanic.

that's how they get you. you need a scanner to reset it. try looking for a small shop possibly one that deals with european cars. they might charge you less to do it. they should reset it for you if you let bmw change the oil for you.

With the key in the ignition but in the off postion press and hold your odometer trip button in then turn your key to the first postion hold the trip button in for 5 seconds the display will read oil service or inspection then it will say reset release the button and then press it again untill the reset starts to flash then release and press the button briefly to reset

The above "Guru has no idea what he is talking about. The yellow oil light means you need a new oil level sensor, if your oil is indeed full. Its located in the oil pan and costs around $100. Oh, and oil changed are around 15,000 miles, not 6000 miles. When the BMW is due for an oil change or inspection, the display says so. The yellow light is low oil. Please avoid giving advice when you don't know what you're talking about.

BMW SERVICE RESET Take a small wire, paperclip, or elect wire and bend like a horseshoe. No light or equipment necessary Open the diagnostic data port, the one were the little pacman centre is located. Turn the ignition to position 2, don?t start. Connect pin 7 always first and then pin 19. Hold for 4 seconds. Remove wire and settings will be reset. Warning if you hold the wire longer than 10 seconds you may reset inspection intervals 1 and 2. I?ve done this twice and it definitely work on my E36