Used 2023 BMW M5 for Sale near Illinois

How much does the 2023 BMW M5 cost?

Prices have softened 6.55% compared to this time last year, making it a favorable time to shop this model year.

There are 91 listings available, which gives you a workable amount of inventory to compare before you commit.

If you find a listing below $84,803.99, 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 pairs a twin-turbo V8, an eight-speed automatic, and xDrive all-wheel drive with a rear-wheel power bias, so you get strong acceleration and year-round traction without giving up the M5’s core performance character.

It also benefits from meaningful technology and comfort updates that make it feel modern, including a newer infotainment setup and wireless smartphone integration. For you, that means the M5 makes the most sense if you want supercar-like pace in a discreet four-door package that still works as a daily driver.

28.6% of listings are priced as good or great deals, so you have some room to shop selectively.

Is the 2023 BMW M5 reliable?

The 2023 BMW M5 is described as generally reliable when properly cared for, which matters because this is still a high-performance luxury sedan with expensive ownership stakes. It combines strong performance with everyday usability, but it also rewards careful upkeep more than an ordinary sedan would.

For used buyers, the long-term risk is less about the car’s basic concept and more about whether the previous owner maintained it consistently and addressed issues early.

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

Accident-free inventory is solid at 85.7% — always verify the vehicle history report.

You should prioritize a history report first, then focus on a pre-purchase inspection from a shop that knows high-performance BMWs. Pay close attention to maintenance records, signs of hard use, and overall condition, because this is the kind of car where deferred upkeep can become expensive quickly.

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

This is a moderate, selective buyer’s market, so you can shop with some leverage if you stay disciplined.

• Deal availability: 28.6% of listings are priced as good or great deals.
• Inventory: There are 91 listings available.
• Price trend: Prices have softened 6.55% compared with last year.
• Clean inventory: 85.7% of listings are accident-free.

If you find a listing below $84,803.99, 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 $85,888 sits slightly below last year's $91,911.

That price movement suggests the market has cooled enough to give you a better entry point than a year ago. If you buy well now and keep the car in strong condition, you may be better positioned than a buyer who paid closer to last year’s average.

For a future seller, the key takeaway is that performance sedans can hold appeal, but pricing still depends heavily on condition, mileage, and how well the car was maintained. A clean, well-documented example should be easier to move than one with a questionable history.

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:

• 28.6% 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 6.55% compared with last year.

Consider the 2022 if:

• It 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-rounded M5 with a softer market and decent deal availability. If you are more price-sensitive or specifically want the most extreme performance flavor, the 2022 is worth a look as a secondary path.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.