How much does the 2023 BMW X5 cost?

Prices have softened 10.53% compared to this time last year, making it a favorable time to shop this model year.

There are 3,686 listings available, which gives you a meaningful amount of inventory to compare before you buy.

If you find a listing below $43,493.75, 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 2023 BMW X5 earns a 4.75/5 user rating, which points to strong owner satisfaction.

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, excellent visibility, and generous cargo space, so you can expect a strong fit if you want a premium SUV that still feels engaging to drive.

With 35.6% of listings marked as good or great deals, you have a decent chance of finding a competitively priced example.

Is the 2023 BMW X5 reliable?

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

The overview also notes that reliability has been a concern, especially in older models, and that maintenance costs can be higher because this is a luxury vehicle. That means you should go in expecting a premium ownership experience, but also budget carefully for upkeep and verify the vehicle’s condition before you commit.

For used buyers, the main long-term risk is paying luxury-car running costs without getting a well-maintained example in return.

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

Accident-free inventory is excellent at 90.6% — clean inventory, standard diligence applies.

You should still run a vehicle history report and prioritize a pre-purchase inspection, especially if you’re considering a higher-mileage or lower-priced listing. Focus on maintenance records, signs of prior bodywork, and the condition of expensive wear items so you can avoid surprises after purchase.

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

This is a moderate market, so you can be selective without expecting every listing to be a bargain.

• Deal availability: 35.6% of listings are priced as good or great deals.
• Inventory: There are 3,686 listings available.
• Price trend: Prices have softened 10.53% compared with last year.
• Clean inventory: 90.6% of listings are accident-free.

If you find a listing below $43,493.75, 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 $43,473 sits slightly below last year's $48,591.

That price movement suggests the market has already adjusted downward, which can help you buy more confidently now if you plan to hold the vehicle for a while. If you purchase well below the current average and keep the SUV in strong condition, you give yourself a better chance of limiting depreciation pain 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 90.6% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 10.53% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $54,409, the 2024 costs more than the current year's $43,473 average.
• It adds the xDrive50e plug-in hybrid with about 40 miles of electric-only range.

The bottom line: The 2023 is the better starting point if you want a strong mix of value, satisfaction, and inventory choice. If you’re price-sensitive, the 2023 gives you a much lower entry point; if you want the newer plug-in hybrid setup and can stretch your budget, the 2024 is the upgrade path to consider.

These recommendations are based on CarGurus' proprietary market data from July 22, 2026, CarGurus experts' opinions, and generative AI.