Used 2023 BMW 8 Series for Sale nearChicago, IL

How much does the 2023 BMW 8 Series cost?

Prices have softened 12.58% compared to this time last year, making it a favorable time to shop this model year.

There are 343 listings available, which gives you a decent amount of inventory to compare before you buy.

Is the 2023 BMW 8 Series a good car?

The 2023 BMW 8 Series earns a 7.33/10 expert rating, and it’s positioned as BMW’s flagship among its coupes and convertibles, with a mix of luxury and sportiness that broadens its appeal.

The model scores 9/10 across Look and feel and Performance.

That combination makes sense if you want a car that feels special, looks distinctive, and still delivers strong driving character. The trade-offs are that advanced safety features are not standard, and the car’s value proposition depends on how much equipment you want to add.

Good and great deals percentage: 32.9% of listings are priced as good or great deals, which suggests there are still some attractive opportunities in the market.

Is the 2023 BMW 8 Series reliable?

The 2023 BMW 8 Series is presented as a polished, well-equipped flagship with a strong emphasis on performance and luxury, and its six-cylinder version is the most efficient choice in the lineup.

The performance setup is straightforward: the 840i uses a turbocharged inline-six with an eight-speed automatic, while higher trims move to V8 power. The cost-effectiveness notes also point to BMW’s standard four-year, 50,000-mile new vehicle limited warranty, plus four years of roadside assistance with unlimited mileage.

For used buyers, the main long-term ownership risk is that higher-output versions will cost more to fuel and maintain, so condition and service history matter even more if you’re shopping beyond the 840i.

What should I look for when buying a used 2023 BMW 8 Series?

Accident-free inventory is solid at 85.7% — 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, especially on cars with expensive options or higher-performance powertrains. Focus on overall condition, equipment completeness, and whether the car has the features you want from the start.

Key things to evaluate:

• Trim level: The 840i, 840i xDrive, and M850i xDrive models get more aerodynamic mirrors for 2023, while the M850i xDrive also gets retro BMW M logos. The cabin can feel especially upscale when equipped with extras like two-tone leather upholstery and the glass shifter and infotainment controller.
• Powertrain: The 840i uses a 3.0-liter turbocharged inline-six with 335 horsepower and 368 pound-feet of torque. The M850i xDrive steps up to a 4.4-liter twin-turbo V8 with 523 hp and 553 lb-ft of torque, while the M8 Competition and Alpina B8 push output even higher.
• Safety package: The base 840i only gets forward collision warning, automatic emergency braking, and lane-departure warning. The Driving Assistance Package adds blind-spot monitoring, rear cross-traffic alert, traffic-sign recognition, parking assist, park distance control, and a surround-view camera system. You then need the Driving Assistance Professional Package for adaptive cruise control with stop-and-go, traffic-jam assist, and active lane-keep assist.
• Infotainment: All 8 Series models get a 12.3-inch touchscreen, a 12.3-inch digital instrument cluster, wireless Apple CarPlay and Android Auto, a Harman Kardon audio system, a head-up display, and a WiFi hotspot.
• Fuel efficiency: The 840i is rated at 24 mpg combined. The M850i xDrive is rated at 19 mpg combined, and the M8 Competition is rated at 17 mpg combined.

Which 2023 BMW 8 Series trim should I buy?

The 2023 BMW 8 Series is offered in 4 trim levels: 840i, 840i xDrive, M850i xDrive, and M8 Competition.

Here's the short version:

• 840i: This is the best-value choice if you want the 8 Series experience without jumping into V8 pricing. It still delivers strong performance, a refined cabin, and the core luxury-and-sport balance that defines the car.
• 840i xDrive: Choose this if you want the same overall formula as the 840i but prefer all-wheel drive. It’s the more confidence-oriented version of the entry trim.
• M850i xDrive: This is the step-up trim if you want a much stronger V8 and a more serious performance character. It suits you if you care more about power than keeping costs in check.
• M8 Competition: This is the high-performance choice, with the most extreme output and the most track-focused personality in the lineup.

The base 840i’s limited standard driver-assistance equipment means you should pay close attention to safety-package content on any trim you consider.

Is now a good time to buy a used 2023 BMW 8 Series?

This is a moderate market for selective buyers, so you can shop carefully without feeling rushed.

• Deal availability: 32.9% of listings are priced as good or great deals.
• Inventory: There are 343 listings available.
• Price trend: Prices have softened 12.58% compared with last year.
• Clean inventory: 85.7% of listings are accident-free.

If you find a listing below $58,243, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 BMW 8 Series's resale value?

The current average of $58,243 sits slightly below last year's $66,622.

That price movement suggests the market has already adjusted downward, which can help you buy at a more favorable point in the cycle. If you plan to sell later, the same softness means you should expect depreciation pressure to continue unless you buy well and keep the car in excellent condition.

For a future seller, the best protection is to choose a well-equipped example, keep mileage reasonable, and maintain complete service records. Higher-trim cars may be harder to recoup fully, so condition and desirability will matter a lot at resale.

Is the 2023 BMW 8 Series safe?

The 2023 BMW 8 Series doesn’t have crash test ratings from IIHS or NHTSA.

It earns a 6/10 safety score from our experts.

The base 840i only gets forward collision warning, automatic emergency braking, and lane-departure warning. If you want more protection, you need the optional Driving Assistance Package for blind-spot monitoring, rear cross-traffic alert, traffic-sign recognition, parking assist, park distance control, and a surround-view camera system. For adaptive cruise control with stop-and-go, traffic-jam assist, and active lane-keep assist, you need the Driving Assistance Professional Package.

The main caveat is that advanced safety features are not standard, so you should verify exactly which packages are installed on any used example you’re considering.

Should I buy a 2023 BMW 8 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:

• 32.9% of listings are priced as good or great deals.
• Accident-free inventory is solid at 85.7% — always verify the vehicle history report.
• Price trend: Prices have softened 12.58% compared with last year.
• The 2023 model adds exterior styling tweaks and an enlarged touchscreen, while keeping the lineup’s flagship luxury-and-sport character intact.

The bottom line: If you want the freshest version of this generation with updated styling and tech, the 2023 is the one to target. If your priority is stretching your budget, a nearby model year may be worth considering, but the 2023 still looks appealing because prices have eased and inventory is healthy enough to shop selectively.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.