How much does the 2023 BMW X5 cost?

Prices have softened 11.49% compared to this time last year, making it a favorable time to shop this model year.

There are 3,716 listings available, which gives you a solid amount of inventory to compare.

If you find a listing below $43,176.94, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 BMW X5 a good car?

Yes — the 4.75/5 user rating points to strong owner satisfaction for the 2023 BMW X5.

The overview describes it as a luxury midsize SUV that blends performance, comfort, and advanced technology. It also highlights precise handling, a spacious and well-appointed interior, and multiple drivetrain options, so you can match the X5 to priorities like efficiency, luxury, or driving engagement.

With 35.6% of listings marked as good or great deals, you have a meaningful chance to find a competitive offer if you shop carefully.

Is the 2023 BMW X5 reliable?

Owners rate it 4.75/5, a strong signal of long-term satisfaction.

The overview notes that the X5 has faced reliability concerns in the past, but newer models have shown improvement. That makes this year worth considering if you want the X5’s strengths without ignoring the need for careful vetting.

For used buyers, the main long-term ownership risk is buying a poorly maintained example, so condition and service history matter a lot.

What should I look for when buying a used 2023 BMW X5?

Accident-free inventory is excellent at 90.5% — clean inventory, standard diligence applies.

You should still run a vehicle history report and verify that the car’s records match its advertised condition. Prioritize a pre-purchase inspection, especially if you’re considering a higher-mileage or more complex drivetrain configuration.

Focus on overall condition, maintenance documentation, and any signs of wear in the interior, electronics, and suspension.

Is now a good time to buy a used 2023 BMW X5?

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

• Deal availability: 35.6% of listings are priced as good or great deals.
• Inventory: There are 3,716 listings available.
• Price trend: Prices have softened 11.49% compared with last year.
• Clean inventory: 90.5% of listings are accident-free.

If you find a listing below $43,176.94, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 BMW X5's resale value?

The current average of $43,158 sits slightly below last year's $48,761.

That price movement suggests the market has cooled, which can help you buy more favorably now but may also limit near-term upside if you plan to resell soon. If you buy well below the current average and keep the vehicle in strong condition, you improve your chances of protecting value later.

Vehicles with strong owner satisfaction ratings, like this model year's 4.75/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 BMW X5 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:

• 35.6% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 90.5% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 11.49% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $54,081, the 2024 costs more than the current year's $43,158 average.
• It adds the xDrive50e plug-in hybrid with more range and updated tech.

The bottom line: The 2023 is the better value if you want the X5’s core strengths at a lower entry price. If you’re willing to pay more for newer tech and the plug-in hybrid upgrade, the 2024 is the stronger premium alternative.

These recommendations are based on CarGurus' proprietary market data from July 31, 2026, CarGurus experts' opinions, and generative AI.