Used 2023 BMW 8 Series for Sale nearChicago, IL

How much does the 2023 BMW 8 Series cost?

Prices have softened 10.66% compared to this time last year, making it a favorable time to shop this model year.

There are 353 listings available, which gives you a meaningful amount of inventory to compare across trims and body styles.

If you find a listing below $58,503.96, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 BMW 8 Series a good car?

The 2023 BMW 8 Series earns a 7.33/10 expert rating, and it is positioned as BMW’s flagship among coupes and convertibles. The model’s appeal is rooted in its mix of luxury and sportiness, plus the fact that it offers multiple body styles for buyers who want a grand touring feel without giving up a dramatic design.

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

The trade-offs are clear: advanced safety features are not standard, and the car’s premium positioning means you need to pay close attention to the options list if you want more driver-assistance tech. Even so, the 8 Series fits well if you want a stylish, upscale grand tourer with strong driving dynamics rather than a purely comfort-first luxury car.

34.6% of listings are priced as good or great deals, which suggests there is some room to shop selectively.

Is the 2023 BMW 8 Series reliable?

The 2023 BMW 8 Series is presented as a polished, high-end grand tourer with a strong emphasis on refinement and performance. In testing, it delivered a quiet cabin, quick steering, and a comfortable ride, which are all encouraging signs for day-to-day ownership.

Its six-cylinder setup is the most efficient choice, and the car’s standard warranty coverage includes four years or 50,000 miles of limited coverage plus four years of roadside assistance with unlimited mileage. That combination helps soften some ownership concerns, especially if you plan to keep the car within the warranty window.

The performance hardware is substantial, but the long-term risk for used buyers is that higher-output versions and option-heavy examples can be more expensive to maintain and repair once warranty coverage ends.

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

Accident-free inventory is solid at 85.3% — 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 the condition of the cabin, electronics, wheels, and any high-cost options. It also makes sense to compare how the car was equipped, since this model’s value can change a lot depending on the features it has.

Key things to evaluate:

• Trim level: The lineup includes coupe, convertible, and Gran Coupe body styles, and the cabin presentation is a major part of the car’s appeal. Base versions are more likely to leave you wanting if you expect the richer equipment and visual upgrades that make the 8 Series feel special.
• Powertrain: The 840i uses a 3.0-liter turbocharged inline-six with 335 horsepower and 368 pound-feet of torque, while the M850i xDrive steps up to a 4.4-liter twin-turbo V8 with 523 hp and 553 lb-ft. The M8 Competition uses a tuned version of that V8 with 617 hp, and the Alpina B8 Gran Coupe is tuned for a more luxurious character.
• Safety package: The base 840i only gets forward collision warning, automatic emergency braking and lane-departure warning. The optional 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 standard 12.3-inch touchscreen, a 12.3-inch digital instrument cluster, seventh-generation BMW iDrive, 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, while M850i xDrive models are 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 delivers the core luxury-and-sport balance, and the six-cylinder setup is the most efficient in the lineup.
• 840i xDrive: Choose this if you want the same basic formula as the 840i but prefer all-wheel drive. It makes sense if you want added traction without moving into the higher-cost V8 models.
• M850i xDrive: This is the step-up choice for buyers who want a much stronger performance punch and are willing to pay for it. It adds the V8 character that makes the car feel more serious, but it is not the value pick.
• M8 Competition: This is the top performance choice, with the most power and the most extreme character in the lineup. It suits you if outright speed matters more than cost.

The safety package is limited on the base trim, so if driver-assistance features matter to you, plan on adding the relevant packages rather than assuming they come standard.

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

The market looks selective rather than overheated, so you can shop with some leverage if you are patient.

• Deal availability: 34.6% of listings are priced as good or great deals.
• Inventory: There are 353 listings available.
• Price trend: Prices have softened 10.66% compared with last year.
• Clean inventory: 85.3% of listings are accident-free.

If you find a listing below $58,503.96, 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 $59,093 sits slightly below last year's $66,146.

That price movement suggests the market has cooled, which can work in your favor if you are buying now. For a future seller, it also means you should expect depreciation pressure to remain part of the ownership equation, especially if your car is option-heavy or one of the higher-performance versions.

If you plan to resell later, the strongest protection usually comes from keeping the car clean, well documented, and equipped in a way that broadens its appeal. A well-kept example with desirable features should be easier to move than one that feels too specialized for the average shopper.

Is the 2023 BMW 8 Series safe?

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

Despite its lofty positioning in the BMW hierarchy, the 8 Series doesn’t get much standard advanced driver-assistance tech. The base 840i only gets forward collision warning, automatic emergency braking and lane-departure warning.

An optional 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 to add the Driving Assistance Professional Package for adaptive cruise control with stop-and-go, traffic-jam assist, and active lane-keep assist.

The main caution for used buyers is that you may need to pay extra to get the safety equipment you expect in a premium car.

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:

• 34.6% of listings are priced as good or great deals.
• Accident-free inventory is solid at 85.3% — always verify the vehicle history report.
• Price trend: Prices have softened 10.66% compared with last year.
• The 2023 model year adds exterior styling tweaks and an enlarged touchscreen.

The bottom line: If you want the freshest version of this generation with updated styling and a larger screen, the 2023 is the right target. If your priority is stretching your budget, a nearby year may be worth considering, but the 2023 gives you a strong mix of updated features and softer pricing.

These recommendations are based on CarGurus' proprietary market data from September 4, 2026, CarGurus experts' opinions, and generative AI.