Used 2023 BMW M5 for Sale near Illinois

How much does the 2023 BMW M5 cost?

Prices have softened 6.40% compared to this time last year, making it a favorable time to shop this model year.

There are 96 listings available, which gives you a workable amount of inventory to compare before you commit.

If you find a listing below $84,716.64, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 BMW M5 a good car?

The 2023 BMW M5 stands out as a high-performance luxury sedan that blends serious speed with everyday usability. It uses a twin-turbo 4.4-liter V8, an eight-speed automatic transmission, and BMW’s M-specific xDrive all-wheel drive system, so you get strong acceleration along with year-round traction and a rear-wheel power bias. It also keeps the discreet four-door packaging that makes it practical for daily use.

For you, that means the M5 makes the most sense if you want supercar-like pace without giving up luxury-car refinement or sedan practicality. It is also a modern-feeling choice thanks to the updated infotainment and smartphone integration features described in the overview.

39.6% of listings are priced as good or great deals, which suggests there are real opportunities if you shop carefully.

Is the 2023 BMW M5 reliable?

The 2023 BMW M5 is described as generally reliable when properly cared for, and that matters because it pairs high performance with everyday usability. The overview also makes clear that this generation gained modern tech and comfort updates over time, which helps it feel current without changing the M5’s core character.

For you, the key point is that long-term ownership risk is tied closely to maintenance discipline: a used M5 can be a strong choice, but deferred upkeep can become expensive quickly.

What should I look for when buying a used 2023 BMW M5?

Accident-free inventory is solid at 85.4% — always verify the vehicle history report.

You should prioritize a history report first, then focus on a pre-purchase inspection from a shop that understands high-performance BMWs. Pay close attention to maintenance records, signs of hard use, and overall condition, because this is the kind of car where careful ownership history matters as much as mileage.

Is now a good time to buy a used 2023 BMW M5?

This looks like a moderate, selective buyer’s market, so you have room to shop but still need to move quickly on the best examples.

• Deal availability: 39.6% of listings are priced as good or great deals.
• Inventory: There are 96 listings available.
• Price trend: Prices have softened 6.40% compared with last year.
• Clean inventory: 85.4% of listings are accident-free.

If you find a listing below $84,716.64, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 BMW M5's resale value?

The current average of $85,608 sits slightly below last year's $91,463.

That price movement suggests the market has softened, which can help you buy at a more favorable entry point today. For a future seller, it also means resale value will depend heavily on condition, mileage, and maintenance history. If you keep the car well documented and in strong shape, you give yourself a better chance of standing out when it is time to sell.

Should I buy a 2023 BMW M5 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:

• 39.6% of listings are priced as good or great deals.
• Accident-free inventory is solid at 85.4% — always verify the vehicle history report.
• Price trend: Prices have softened 6.40% compared with last year.

Consider the 2022 if:

• The 2022 adds the M5 CS, a more track-focused and more powerful version.

The bottom line: You should start with the 2023 if you want a modern, well-equipped M5 with a softer market price and decent deal availability. If your priority is maximum performance character and you are willing to shop a different year, the 2022 is the better secondary path for buyers who want the most aggressive version of this sedan.

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