Used 2023 BMW M4 for Sale nearChicago, IL

Compare 2023 BMW M4 Trims in Chicago, IL

The 2023 BMW M4 lineup offers a range of trims from the budget-friendly Competition xDrive Convertible to the fully loaded Coupe RWD, all delivering impressive performance and luxury.

• Starting at $70,939
• Best MPG/MPGe: 16 city / 23 hwy
• Most Popular: Coupe RWD

Trim Overview

Prices updated weekly from CarGurus listings.

Quick Compare Table

Listing prices sourced from CarGurus — updated weekly. OEM specs from manufacturer data.

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Trim Deep Dives

CSL Coupe RWD — "Who It's For"

The CSL Coupe RWD is the pick for shoppers who want high performance without the highest price tag. It's a great option for those seeking a sporty driving experience.

• Avg. market price: $109,999 (updated weekly)
• MPG/MPGe: 16 city / 23 hwy
• Inventory: 5 listings — lower availability; may limit negotiating room
• View CSL Coupe RWD listings

Competition Coupe RWD — "Who It's For"

The Competition Coupe RWD is the pick for shoppers who want a well-rounded performance car without going for the top-tier model. It balances features and price effectively.

• Avg. market price: $82,732 (updated weekly)
• MPG/MPGe: 16 city / 23 hwy
• Inventory: 20 listings
• View Competition Coupe RWD listings

Competition xDrive Coupe AWD — "Who It's For"

The Competition xDrive Coupe AWD is the pick for shoppers who want all-wheel drive capability without sacrificing performance. It's ideal for those in varied weather conditions.

• Avg. market price: $81,995 (updated weekly)
• MPG/MPGe: 16 city / 22 hwy
• Inventory: 45 listings
• View Competition xDrive Coupe AWD listings

Competition xDrive Convertible AWD — "Who It's For"

The Competition xDrive Convertible AWD is the pick for shoppers who want a luxurious open-top experience with all-wheel drive. It's perfect for those who enjoy driving in style.

• Avg. market price: $70,939 (updated weekly)
• MPG/MPGe: 16 city / 23 hwy
• Inventory: 44 listings
• View Competition xDrive Convertible AWD listings

Coupe RWD — "Who It's For"

The Coupe RWD is the pick for shoppers who want the ultimate in luxury and performance. It's the most popular trim, offering a fully loaded experience.

• Avg. market price: $82,732 (updated weekly)
• MPG/MPGe: 16 city / 23 hwy
• Inventory: 88 listings
• View Coupe RWD listings

Trim Recommendations

Most Popular — Coupe RWD

With 88 active listings, the Coupe RWD is the clear volume leader in the lineup.

Browse Coupe RWD listings

Best Budget Option — Competition xDrive Convertible AWD

At $70,939 avg market price — below the lineup median of $82,732 — it's the most accessible entry point.

Browse Competition xDrive Convertible AWD listings

Best for Fuel Economy — CSL Coupe RWD

The CSL Coupe RWD offers the best fuel economy in the lineup with 16/23 MPG/MPGe.

Browse CSL Coupe RWD listings

These recommendations are based on CarGurus' proprietary market data from September 17, 2026, CarGurus experts' opinions, and generative AI.

How much does the 2023 BMW M4 cost?

Prices have softened 2.67% compared to this time last year, making it a favorable time to shop this model year.

There are 370 listings available, which suggests a modest but workable amount of inventory.

Is the 2023 BMW M4 a good car?

Yes — the 2023 BMW M4 earns a 5/5 user rating and a 7.67/10 expert rating. The model scores 9/10 across Performance and Technology.

It stands out as a performance-first BMW that still brings a modern cabin and multiple body styles, so you can shop it as a coupe or convertible depending on how you plan to use it. The standard car is focused and quick, while the CSL pushes the formula further with more power and less weight.

The trade-offs are clear: the design may not be for everyone, and the CSL’s limited availability makes that version especially hard to find. Even so, the M4’s enthusiast focus and everyday polish make it a strong fit if you want a driver’s car that still feels usable.

32.2% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2023 BMW M4 reliable?

Owners rate it 5/5, a strong signal of long-term satisfaction.

The 2023 BMW M4 is positioned as a high-performance model that still carries BMW’s usual attention to detail, and the expert review describes it as living up to the brand’s performance reputation. The standard powertrain is presented as a more efficient alternative to BMW’s older V8 M cars, even though fuel economy remains poor by mainstream standards.

The expert review also notes that the car’s weight-reduction approach in the CSL helps preserve driver involvement rather than isolating you from the road. If you buy used, the main long-term ownership risk is that the most extreme versions are rare and may be harder to source in the exact condition you want.

What should I look for when buying a used 2023 BMW M4?

Accident-free inventory is solid at 87.3% — always verify the vehicle history report.

You should still run a history report on any car you’re considering, even if the listing looks clean at first glance. A pre-purchase inspection is especially important here because performance cars can hide expensive wear items. Focus on overall condition, maintenance records, and whether the car has been modified or driven hard.

Key things to evaluate:

• Trim level: The standard car emphasizes a driver-focused setup with a manual transmission and rear-wheel drive, while the Competition models add more power and an automatic transmission. The CSL is the most extreme version, with lighter construction and a more track-focused setup, but it also gives up some everyday usability.
• Powertrain: The standard model uses a 3.0-liter twin-turbocharged inline-six with 473 horsepower and 406 pound-feet of torque, while Competition models increase output to 503 horsepower and 479 pound-feet of torque. The CSL uses the same turbo engine with 543 horsepower and a lighter-weight package.
• Safety package: Standard equipment includes lane-departure warning, blind-spot monitoring, and rear cross-traffic alert. Adaptive cruise control and lane-keep assist are part of a Driving Assistance Professional Package on M4 Competition models.
• Infotainment: You get a 12.3-inch digital instrument cluster, a 10.25-inch touchscreen, wireless Apple CarPlay/Android Auto, a head-up display, and BMW iDrive 7.0.
• Fuel efficiency: The RWD M4 coupe and M4 Competition coupe are both rated at 19 mpg combined (16 mpg city, 23 mpg highway). The AWD-only M4 Competition convertible and RWD-only M4 CSL are rated at 18 mpg combined (16 mpg city, 23 mpg highway). The optional xDrive system lowers the Competition coupe’s combined and highway ratings by 1 mpg.

Which 2023 BMW M4 trim should I buy?

The 2023 BMW M4 is offered in 4 trim levels: M4 coupe, M4 Competition coupe, M4 Competition xDrive coupe, M4 Competition convertible.

Here's the short version:

• M4 coupe: This is the most direct choice if you want the manual transmission and the purest driver-focused setup. It gives you the standard powertrain and the core M4 experience without stepping into the pricier Competition models.
• M4 Competition coupe: This is the best-value pick if you want more power without going all the way to the most expensive versions. It adds a stronger engine and an automatic transmission, making it the most balanced choice for many shoppers.
• M4 Competition xDrive coupe: Choose this if you want the Competition formula with all-wheel drive for quicker acceleration and added traction. It suits you best if performance in varied weather matters more than the manual-transmission option.
• M4 Competition convertible: This is the open-top choice if you want the M4’s performance with more everyday enjoyment from the roof-down experience. It keeps the stronger Competition powertrain but trades some focus for style and versatility.

The safety package note is important here: adaptive cruise control and lane-keep assist are not standard across the lineup and are tied to the Driving Assistance Professional Package on M4 Competition models.

Is now a good time to buy a used 2023 BMW M4?

This looks like a moderate market for selective buyers, so it rewards patience and comparison shopping.

• Deal availability: 32.2% of listings are priced as good or great deals.
• Inventory: There are 370 listings available.
• Price trend: Prices have softened 2.67% compared with last year.
• Clean inventory: 87.3% of listings are accident-free.

If you find a listing below $71,580, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 BMW M4's resale value?

The current average of $73,072 sits slightly below last year's $75,073.

That price movement suggests the market has eased a bit, which can help you buy more confidently now. For a future seller, it also means you should expect resale value to depend heavily on condition, mileage, and trim choice. Higher-performance and rarer versions may draw more attention, but the broader market is still pricing the model below where it was a year ago.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Is the 2023 BMW M4 safe?

It earns standard lane-departure warning, blind-spot monitoring, and rear cross-traffic alert, with adaptive cruise control and lane-keep assist included in a Driving Assistance Professional Package for M4 Competition models.

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

That means you get a useful baseline of driver-assistance tech, but you may need to step up to a Competition model and its package to get more advanced features. The main caveat is that many safety features that are standard on mainstream cars still require options here, so you should check the exact equipment on any used listing carefully.

Should I buy a 2023 BMW M4 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:

• 32.2% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.3% — always verify the vehicle history report.
• Price trend: Prices have softened 2.67% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• The 2023 adds the rare M4 CSL, a lighter and more powerful limited edition with capped production.

Consider the 2022 if:

• At $69,580, the 2022 costs less than the current year's $73,072 average.
• It delivers a nearly perfect blend of power and handling.

The bottom line: If you want the rare CSL option and a slightly softer market, the 2023 is the better target. If your priority is saving money and you mainly want the core M4 experience, the 2022 is the more budget-friendly path.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.