Used 2023 BMW 7 Series for Sale nearChicago, IL

How much does the 2023 BMW 7 Series cost?

Prices have softened 14.70% compared to this time last year, making it a favorable time to shop this model year.

There are 738 listings available, which suggests you have a meaningful amount of inventory to compare.

If you find a listing below $62,568.85, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 BMW 7 Series a good car?

It’s a compelling choice if you want a flagship sedan that balances comfort, luxury, and driving enjoyment, though its interface and styling won’t suit everyone. The user rating is 1/5, and the expert rating is 6.67/10.

The model scores 8/10 across Performance and Safety.

The 7 Series stands out for being comfortable, delivering great ride quality, and still managing great handling, which gives it broader appeal than many large luxury sedans that lean too far in one direction. At the same time, the technology can be unintuitive and the styling may be polarizing, so some of its most attention-grabbing qualities also create the biggest compromises.

The expert notes that the 7 Series is comfortable, has great ride quality, and handles well, but the technology is unintuitive and the design is potentially polarizing. That makes it a strong fit if you want a refined flagship sedan that still feels engaging on the road.

The market shows 30.1% of listings as good or great deals, so there is some room to shop selectively.

Is the 2023 BMW 7 Series reliable?

The 2023 BMW 7 Series is presented as a polished, well-sorted flagship with no reported false alarms or unpredictable system reactions in expert testing. The expert notes that the adaptive cruise control is smooth, and the optional highway driving assistant reduces fatigue on long road trips.

The performance write-up also points to confident power delivery and smooth operation from the transmission when driven conservatively. On the cost side, the six-cylinder model is described as the one most drivers will be happy with, which can help keep ownership simpler than stepping up to the pricier V8.

If you’re buying used, the main long-term risk is that a complex luxury sedan like this can become expensive to own if you choose a poorly maintained example.

What should I look for when buying a used 2023 BMW 7 Series?

Accident-free inventory is solid at 85% — always verify the vehicle history report.

You should still check the history report carefully, because a clean listing percentage does not replace a proper records review. Prioritize a pre-purchase inspection that focuses on electronics, driver-assistance operation, and interior condition, since this is a highly complex luxury sedan. Pay close attention to how the cabin tech works in real use, because usability is one of the model’s biggest trade-offs.

Key things to evaluate:

• Trim level: The standard 7 Series design brings a bold new front end, a modern minimalist interior, and premium materials, but the base setup can still leave you with some of the model’s more controversial styling and interface choices.
• Powertrain: The lineup includes a 3.0-liter turbocharged six-cylinder with a 48-volt mild hybrid system and a 4.4-liter twin-turbo V8; the six-cylinder is the efficiency-minded choice, while the V8 delivers much stronger acceleration.
• Safety package: Standard equipment includes frontal collision warning with automatic emergency braking, adaptive cruise control, a blind-spot monitor, lane-keep assist, a traffic-sign reader, adaptive headlights, parking sensors, and safe exit warnings. The optional Driving Assistance Professional package adds a hands-free automated driving system for highways.
• Infotainment: iDrive 8 uses a touchscreen, a central console dial, and voice commands, but the system can become complicated as you dig deeper into menus. The standard 18-speaker Bowers & Wilkins Surround Sound System is a notable feature.
• Fuel efficiency: The six-cylinder model is estimated to return 31 mpg in combined city and highway driving, while the V8 is estimated at 26 mpg.

Which 2023 BMW 7 Series trim should I buy?

The 2023 BMW 7 Series is offered in 2 trim levels: 740i, 760i xDrive.

Here's the short version:

• 740i: This is the best-value choice if you want the 7 Series experience without paying for the V8. It pairs the turbocharged six-cylinder and mild-hybrid setup with the strongest efficiency in the lineup, and the expert notes that most drivers will be perfectly happy with it.
• 760i xDrive: Choose this if you want the strongest straight-line performance and don’t mind paying more for the V8 and all-wheel drive. It delivers much quicker acceleration and a more forceful premium-luxury driving feel.

The optional Driving Assistance Professional package adds the most advanced safety and highway-driving features.

Is now a good time to buy a used 2023 BMW 7 Series?

This looks like a moderate, selective buyer’s market, so you can shop carefully and still find opportunities.

• Deal availability: 30.1% of listings are priced as good or great deals.
• Inventory: There are 738 listings available.
• Price trend: Prices have softened 14.70% compared with last year.
• Clean inventory: 85.0% of listings are accident-free.

If you find a listing below $62,568.85, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 BMW 7 Series's resale value?

The current average of $62,545 sits slightly below last year's $73,322.

That drop suggests the model has already absorbed a meaningful amount of depreciation, which can be good news if you’re buying used. For a future seller, though, it means resale value may continue to be pressured if the market keeps favoring lower prices.

Because the current average is well below the prior-year figure, you should expect the 7 Series to remain a depreciation-sensitive luxury sedan. If you buy at the right price now, you may reduce some of that downside, but it is still the kind of vehicle where condition and equipment matter a lot at resale.

Is the 2023 BMW 7 Series safe?

It earns an 8/10 safety score from our experts.

Standard safety features include frontal collision warning with automatic emergency braking, adaptive cruise control, a blind-spot monitor, lane-keep assist, a traffic-sign reader, adaptive headlights, parking sensors, and safe exit warnings. The optional Driving Assistance Professional package adds a hands-free automated driving system for highways, and the expert notes that the system is smooth and confidence-inspiring in use.

There are no crash-test results from NHTSA or IIHS yet, so you should lean more heavily on the standard equipment list and the quality of the driver-assistance package when evaluating a used example. If you want the most advanced highway support, look specifically for the optional package.

Should I buy a 2023 BMW 7 Series or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 30.1% of listings are priced as good or great deals.
• Accident-free inventory is solid at 85% — always verify the vehicle history report.
• Price trend: Prices have softened 14.70% compared with last year.
• The 2023 brings a redesigned flagship look with strong comfort, ride quality, and handling.

Consider the 2024 if:

• At $69,232, the 2024 costs more than the current year's $62,545 average.
• It adds the plug-in hybrid 750e and a lightly updated infotainment system.

The bottom line: If you want the better value, the 2023 is the smarter starting point because prices are lower and the model already delivers the core luxury-performance balance. If you’re willing to pay more for the newer year’s added plug-in hybrid option and updated tech, the 2024 is the alternative to consider.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.