Used 2023 BMW X5 for Sale nearMemphis, TN

How much does the 2023 BMW X5 cost?

Prices have softened 13.36% compared to this time last year, making it a favorable time to shop this model year.

There are 3,674 listings available, which suggests solid inventory for you to compare prices and conditions.

If you find a listing below $41,700.37, 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 — 4.75/5 is a strong user rating for this model year.

The 2023 BMW X5 blends the practicality of a midsize, two-row, five-passenger SUV with the kind of driving character BMW buyers expect. You get a roomy cabin, outstanding visibility, generous cargo space, and a setup that still aims to feel precise and rewarding on the road. Its rear-wheel-drive platform and available xDrive all-wheel drive help give it a more athletic personality than many luxury SUVs, and the lineup’s inline-six and V8 engine choices give you a wide range of performance.

For you, that means the X5 makes the most sense if you want everyday usability without giving up a premium driving feel. 34.5% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2023 BMW X5 reliable?

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

The 2023 BMW X5 is part of a generation that saw reliability improve compared with earlier X5s, which matters if you are shopping used. It still sits in a premium, performance-oriented segment, so ownership can be more expensive than a mainstream SUV, and V8-powered versions are not fuel-efficient.

For used buyers, the main long-term risk is higher running costs rather than a lack of everyday appeal, so condition and maintenance history matter a lot.

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

Accident-free inventory is solid at 89.5% — always verify the vehicle history report.

You should still run a history report on any X5 you are considering, even if the listing looks clean. Prioritize a pre-purchase inspection that checks the drivetrain, electronics, and suspension, since those systems matter most in a luxury SUV like this.

Focus on overall condition, service records, and how the vehicle has been used, especially if you are looking at higher-mileage examples or versions with more complex equipment.

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 carefully and still find opportunities.

• Deal availability: 34.5% of listings are priced as good or great deals.
• Inventory: There are 3,674 listings available.
• Price trend: Prices have softened 13.36% compared with last year.
• Clean inventory: 89.5% of listings are accident-free.

If you find a listing below $41,700.37, 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 $41,687 sits slightly below last year's $48,113.

That price drop suggests the market has already adjusted downward, which can help you as a buyer today but may also limit near-term upside if you plan to resell soon. For a future seller, the key takeaway is that the X5’s value is being supported more by demand for the model than by rising prices.

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:

• 34.5% of listings are priced as good or great deals.
• Accident-free inventory is solid at 89.5% — always verify the vehicle history report.
• Price trend: Prices have softened 13.36% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $52,742, the 2024 costs more than the current year's $41,687 average.
• It adds a plug-in hybrid xDrive50e with about 40 miles of electric-only range.

The bottom line: If you want the better value, the 2023 is the stronger starting point because prices are lower and inventory is healthy. If you are willing to pay more for the newer model’s plug-in hybrid capability, the 2024 is the better fit; otherwise, the 2023 gives you the core X5 experience at a more approachable price.

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