Used 2023 BMW M5 for Sale nearPhoenix, AZ

How much does the 2023 BMW M5 cost?

Prices have softened 5.73% compared to this time last year, making it a favorable time to shop this model year.

There are 94 listings available, which gives you a modest amount of inventory to compare before you buy.

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 practicality. It pairs a twin-turbo 4.4-liter V8, an eight-speed automatic transmission, and xDrive all-wheel drive, so you get strong acceleration and all-weather traction in a sedan that still works well for daily use.

It also brings modern convenience features such as Apple CarPlay, digital instrumentation, wireless smartphone charging, and a 12.3-inch touchscreen in its refreshed interior. That combination makes it appealing if you want a car that feels both fast and well equipped, though it is not aimed at bargain-focused shoppers.

31.9% of listings are priced as good or great deals, so there is some room to shop selectively.

Is the 2023 BMW M5 reliable?

The 2023 BMW M5 has a reputation for being generally reliable when properly cared for. That said, it is still a high-performance BMW, so neglect or abuse can quickly become expensive.

For used buyers, the long-term ownership risk is less about the model’s basic competence and more about whether the previous owner maintained it carefully.

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

Accident-free inventory is solid at 89.4% — always verify the vehicle history report.

You should prioritize a pre-purchase inspection and pay close attention to signs of hard use, deferred maintenance, or cosmetic wear. Focus on overall condition, service history, and whether the car has been treated like a performance sedan rather than a commuter.

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

This is a moderate market, so you can shop selectively without expecting a deep buyer’s market.

• Deal availability: 31.9% of listings are priced as good or great deals.
• Inventory: There are 94 listings available.
• Price trend: Prices have softened 5.73% compared with last year.
• Clean inventory: 89.4% of listings are accident-free.

If you find a listing below $84,745, 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 $85,814 sits slightly below last year's $91,034.

That price movement suggests the market has eased, which can help you buy with less risk of immediate overpayment. For a future seller, it also means resale value may depend heavily on condition, mileage, and maintenance history rather than just the badge alone.

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:

• 31.9% of listings are priced as good or great deals.
• Accident-free inventory is solid at 89.4% — always verify the vehicle history report.
• Price trend: Prices have softened 5.73% compared with last year.

Consider the 2022 if:

• It adds the M5 CS, a sharper and more track-focused performance variant.

The bottom line: You should start with the 2023 if you want the newer market position, softer pricing, and a solid pool of accident-free listings. If you are especially price-sensitive or want the standout performance angle from the prior year, the 2022 is worth a closer look.

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