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 powerful options, from the accessible Competition xDrive Convertible AWD to the fully loaded Coupe RWD.

• Starting at $75,495
• 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

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

The Competition xDrive Coupe AWD is the pick for shoppers who want a blend of performance and value without stepping up to the pricier trims.

• Avg. market price: $79,328 (updated weekly)
• MPG/MPGe: 16 city / 22 hwy
• Inventory: 14 listings — lower availability; may limit negotiating room
• View Competition xDrive Coupe AWD listings

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

The Competition xDrive Convertible AWD is the choice for those seeking an all-wheel-drive experience in a stylish convertible without breaking the bank.

• Avg. market price: $75,495 (updated weekly)
• MPG/MPGe: 16 city / 23 hwy
• Inventory: 9 listings — lower availability; may limit negotiating room
• View Competition xDrive Convertible AWD listings

Coupe RWD — "Who It's For"

The Coupe RWD is the pick for shoppers who want the most powerful engine and a fully loaded experience without compromise.

• Avg. market price: $75,495 (updated weekly)
• MPG/MPGe: 16 city / 23 hwy
• Inventory: 22 listings
• View Coupe RWD listings

Trim Recommendations

Most Popular — Coupe RWD

With 22 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 $75,495 avg market price — below the lineup median of $75,495 — it's the most accessible entry point.

Browse Competition xDrive Convertible AWD listings

Best for Fuel Economy — Competition xDrive Convertible AWD

This trim offers the best fuel economy in the lineup with 16 city / 23 hwy MPG.

Browse Competition xDrive Convertible AWD listings

These recommendations are based on CarGurus' proprietary market data from November 12, 2026, CarGurus experts' opinions, and generative AI.

How much does the 2023 BMW M4 cost?

Prices have softened 4.04% compared to this time last year, making it a favorable time to shop this model year.

There are 384 listings available, which gives you a meaningful amount of inventory to compare.

Is the 2023 BMW M4 a good car?

Yes — it earns a 5/5 user rating and a 7.7/10 expert rating. The model scores 9/10 across Performance and Technology.

The 2023 BMW M4 is aimed at you if you want a performance-focused coupe or convertible with real motorsport credibility and a strong emphasis on driving dynamics. The standard car brings serious pace, while the limited-edition CSL adds even more power and a lighter, more hardcore setup for enthusiasts who value exclusivity.

The trade-offs are clear: the design may be polarizing, and the CSL’s limited availability can make it harder to find. Even so, the car’s mix of performance hardware and enthusiast appeal makes it a compelling choice if you prioritize driving feel over everyday softness.

Good and great deals: 36.2% of listings are priced as good or great deals, which suggests there are still opportunities if you shop carefully.

Is the 2023 BMW M4 reliable?

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

The 2023 BMW M4 is presented as a focused performance car with a strong emphasis on engineering and driver involvement. Its twin-turbo inline-six is described as a more efficient alternative to BMW’s older V8-powered M cars, and the model also comes with a four-year, 50,000-mile limited warranty plus four years of roadside assistance with unlimited mileage.

The performance setup is built around a robust powertrain and a chassis tuned for serious driving, which supports confidence in the car’s underlying hardware. For used buyers, the main long-term risk is that a high-performance model can be more sensitive to how it was driven and maintained.

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

Accident-free inventory is solid at 86.2% — always verify the vehicle history report.

You should still check the history report carefully, because a performance car can hide hard use even when it looks clean on paper. Prioritize a pre-purchase inspection that focuses on wear items, signs of track use, and the condition of the brakes, tires, and suspension. Pay close attention to whether the car has the equipment and trim level you want, since some desirable features are not standard.

Key things to evaluate:

• Trim level: The M4’s styling is intentionally aggressive, and the CSL adds a ducktail spoiler, filament-like taillights, and racing-style yellow headlight elements. The interior is similar to the base 4 Series, but you get a beefier M steering wheel, Merino leather seats with increased side bolstering, and optional carbon-fiber trim. More hardcore carbon-fiber bucket seats are available, with fixed-back versions on the CSL.
• Powertrain: The standard M4 uses a 3.0-liter twin-turbo inline-six with 473 horsepower and 406 pound-feet of torque, paired with a six-speed manual and rear-wheel drive. Competition models increase output to 503 horsepower and 479 pound-feet, and the CSL raises output to 543 horsepower while using the Competition’s eight-speed automatic and rear-wheel drive.
• 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 for 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. The system also includes a rotary controller, shortcut buttons, and voice recognition.
• Fuel efficiency: The rear-wheel-drive M4 coupe and M4 Competition coupe are rated at 19 mpg combined, with 16 mpg city and 23 mpg highway. The AWD M4 Competition convertible and M4 CSL are rated at 18 mpg combined, with the same city and highway figures.

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 convertible, M4 CSL.

Here's the short version:

• M4 coupe: This is the best fit if you want the manual transmission and the most traditional M4 experience. It gives you the core performance formula without stepping up to the pricier Competition or limited-edition CSL.
• M4 Competition coupe: This is the best-value trim if you want the strongest all-around performance balance. It adds more power and quicker acceleration, and it’s the right choice if you want the most complete version of the standard M4 formula.
• M4 Competition convertible: Choose this if open-air driving matters to you and you still want the Competition’s extra power. It’s the only way to get the convertible body style with the higher-output setup.
• M4 CSL: This is the enthusiast special. It’s lighter, more powerful, and more track-focused, but it also gives up everyday usability in the name of performance and exclusivity.

Adaptive cruise control and lane-keep assist are part of a Driving Assistance Professional Package for M4 Competition models.

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

This is a moderate market for selective buyers, so you can shop with some leverage if you’re patient.

• Deal availability: 36.2% of listings are priced as good or great deals.
• Inventory: There are 384 listings available.
• Price trend: Prices have softened 4.04% compared with last year.
• Clean inventory: 86.2% of listings are accident-free.

If you find a listing below $71,367, 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 $71,378 sits slightly below last year's $74,384.

That price movement suggests the market has cooled a bit, which can help you as a buyer today but may temper short-term upside if you plan to resell soon. Even so, the M4’s enthusiast appeal, performance credentials, and limited-edition halo effect can help support demand over time.

For a future seller, the key is to keep the car well documented and in strong condition, because buyers in this segment tend to reward clean history and desirable equipment. Rarer versions and well-kept examples should remain easier to market than neglected ones.

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?

The 2023 BMW M4 hasn’t published IIHS or NHTSA crash test ratings.

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

Standard safety 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 for M4 Competition models, so you may need to step up in trim or options to get the fuller driver-assistance suite.

The main caveat is that BMW makes you work harder for some safety features than many mainstream brands do, so you should verify exactly what’s installed on any used example you’re considering.

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:

• 36.2% of listings are priced as good or great deals.
• Accident-free inventory is solid at 86.2% — always verify the vehicle history report.
• Price trend: Prices have softened 4.04% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• The 2023 adds the hardcore M4 CSL, a limited-edition, lighter, more powerful version with global production capped at 1,000 units.

Consider the 2022 if:

• At $68,749, the 2022 costs less than the current year's $71,378 average.
• It offers a focused driver’s-car personality with strong power and handling.

The bottom line: If you want the newest model-year pricing context and the special-edition CSL story, the 2023 is the better target. If your priority is saving money and you’re happy with a very similar core driving experience, the 2022 is the smarter value play.

How does the 2023 BMW M4 compare to the 2023 Mercedes-Benz C-Class?

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.