How much does the 2023 BMW M5 cost?

Prices have softened 6.92% compared to this time last year, making it a favorable time to shop this model year.

There are 101 listings available, which gives you a meaningful amount of inventory to compare before you commit.

If you find a listing below $84,811.81, 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 combines supercar-like pace, luxury-car refinement, and practical sedan packaging in a way few rivals can match.

For you, that means the M5 makes the most sense if you want a discreet four-door that can still deliver strong performance and year-round traction. It also feels modern thanks to its updated technology and comfort features, while still keeping the core M5 appeal intact.

With 29.7% of listings marked as good or great deals, you have a decent chance of finding a competitively priced example if you shop carefully.

Is the 2023 BMW M5 reliable?

The 2023 BMW M5 is described as generally reliable when properly cared for. That matters because this generation pairs serious performance with the kind of technology and comfort updates that make it feel current.

The key is maintenance discipline: high-performance ownership rewards careful upkeep, and this car is expensive to buy, maintain, and repair. For a used buyer, long-term ownership risk is tied less to the badge and more to whether the previous owner stayed ahead of service and wear items.

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

Accident-free inventory is solid at 87.1% — always verify the vehicle history report.

You should prioritize a full history report, then inspect the car for signs of hard use, deferred maintenance, or cosmetic wear that could hint at a tougher life. Focus especially on overall condition, service records, and whether the car has been cared for like a high-performance sedan rather than just driven like one.

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

This is a moderate market for selective buyers, so you can shop with some leverage if you know what a fair example looks like.

• Deal availability: 29.7% of listings are priced as good or great deals.
• Inventory: There are 101 listings available.
• Price trend: Prices have softened 6.92% compared with last year.
• Clean inventory: 87.1% of listings are accident-free.

If you find a listing below $84,811.81, 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 $85,840 sits slightly below last year's $92,223.

That price movement suggests the market has cooled enough to give you more room to negotiate than you had 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 main advantage will come from clean history, strong maintenance records, and avoiding overpaying today.

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:

• 29.7% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.1% — always verify the vehicle history report.
• Price trend: Prices have softened 6.92% compared with last year.

Consider the 2022 if:

• It adds the M5 CS, which is the lineup’s track-ready performance-focused update.

The bottom line: The 2023 BMW M5 is the better primary choice if you want a modern-feeling, high-performance luxury sedan with a softer market and decent inventory to shop from. If you are especially price-sensitive, the 2022 is worth a look because it brings a more extreme performance variant into the mix, but the 2023 remains the more balanced buy for most shoppers.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.