Used 2024 BMW 5 Series for Sale nearChicago, IL

How much does the 2024 BMW 5 Series cost?

Prices have softened 6.93% compared to this time last year, making it a favorable time to shop this model year.

With 1,272 listings available, you have a meaningful amount of inventory to compare across trims and conditions.

If you find a listing below $44,066.91, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2024 BMW 5 Series a good car?

Yes — the 5/5 user rating and 7/10 expert rating point to a car that lands well with shoppers who prioritize refinement. The 2024 BMW 5 Series is presented as a capable sports sedan that also works as a plush people mover, with a comfortable ride and a quiet cabin standing out as its strongest traits. The standout strength is Form and function at 8/10.

The trade-offs are real, though: the driving experience is described as less emotionally engaging than you might expect from a BMW, and the car also brings poor fuel economy and limited cargo space with the spare tire. For you, that means this model makes the most sense if you want a calm, polished luxury sedan more than a sharp-edged enthusiast car.

30.6% of listings are priced as good or great deals, so there is still room to shop selectively.

Is the 2024 BMW 5 Series reliable?

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

The 2024 BMW 5 Series is described as quiet, comfortable, and capable, which supports the case for a well-sorted ownership experience. Its turbocharged 2.0-liter four-cylinder is described as quiet and smooth, and the eight-speed automatic shifts almost imperceptibly, while the 48-volt mild-hybrid system aids efficiency. BMW also includes complimentary scheduled maintenance for three years or 36,000 miles, which helps reduce early ownership costs.

For used buyers, the main long-term risk is that a premium sedan with lots of technology can become expensive if prior maintenance or condition has been neglected.

What should I look for when buying a used 2024 BMW 5 Series?

Accident-free inventory is solid at 89.7% — always verify the vehicle history report.

You should still check the history report carefully, because even a strong accident-free rate does not replace a clean record on the specific car you’re considering. Prioritize a thorough inspection of the cabin electronics, control surfaces, and overall condition, since this model leans heavily on technology and touch-sensitive interfaces. It also makes sense to focus on how the car was used, because comfort and refinement are central to the ownership experience.

Key things to evaluate:

• Trim level: The 530i is the entry point, and it emphasizes luxury, technology, and comfort more than excitement. The M Sport treatment adds visual flair and a more athletic look, but the base car already carries the core identity of the model.
• Powertrain: The 530i uses a turbocharged 2.0-liter four-cylinder with 255 horsepower and 295 lb-ft of torque, plus a 48-volt mild-hybrid system. It is described as quiet, smooth, and capable in everyday driving.
• Safety package: Active Driving Assistant is standard and includes forward-collision warning with automatic emergency braking, lane-departure warning with lane-keeping assist, and blind-spot monitoring. Driving Assistant Professional adds adaptive cruise control, lane-centering assist, evasive steering assist, lane-change assist, and emergency stop assist.
• Infotainment: You get a 12.3-inch digital instrument panel and a 14.9-inch touchscreen running BMW Operating System 8.5. Wireless Apple CarPlay and Android Auto are included, along with connected services, a personal eSIM 5G connection, SiriusXM 360L, navigation, and wireless smartphone charging.
• Fuel efficiency: The 530i is described as returning 24.7 mpg on the evaluation loop and averaging 26.7 mpg during the week-long test, both below expectations for the class.

Which 2024 BMW 5 Series trim should I buy?

The 2024 BMW 5 Series is offered in 2 trim levels: 530i and 540i.

Here's the short version:

• 530i: This is the trim that best matches the car’s core strengths if you want the most accessible entry into the lineup. It delivers the refined ride, quiet cabin, and advanced tech that define the model, and it is the version described in the test data as the least powerful and most affordable.
• 540i: This trim is the step-up choice if you want more performance headroom and a more expensive, higher-output version of the 5 Series. The data identifies it as part of the gas lineup, but the strongest case for this model year still centers on comfort and technology rather than outright driving excitement.

BMW’s standard safety package is Active Driving Assistant, and Driving Assistant Professional remains an extra-cost upgrade.

Is now a good time to buy a used 2024 BMW 5 Series?

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

• Deal availability: 30.6% of listings are priced as good or great deals.
• Inventory: There are 1,272 listings available.
• Price trend: Prices have softened 6.93% compared with last year.
• Clean inventory: 89.7% of listings are accident-free.

If you find a listing below $44,066.91, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 BMW 5 Series's resale value?

The current average of $44,547 sits slightly below last year's $47,863.

That price movement suggests the market has already adjusted downward, which can help you buy more confidently now if you plan to keep the car for a while. For a future seller, the softer pricing means resale upside may be more limited than it was a year ago, especially if the car is not well equipped or well maintained. Strong condition and desirable equipment should matter more when it comes time to trade or sell.

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

Is the 2024 BMW 5 Series safe?

The only crash-test ratings available for the redesigned 2024 5 Series come from the Insurance Institute for Highway Safety, which calls the BMW a Top Safety Pick.

It earns a 6/10 safety score from our experts.

BMW equips the 530i with Active Driving Assistant, a collection of safety features including forward-collision warning with automatic emergency braking, lane-departure warning with lane-keeping assist, and blind-spot monitoring. BMW Assist eCall is also standard, adding automatic collision notification and an SOS emergency request button. If you want more advanced driver assistance, the Driving Assistant Professional Package adds adaptive cruise control, lane-centering assist, evasive steering assist, lane-change assist, and emergency stop assist. The car does not earn the higher Top Safety Pick+ rating because it hasn’t been assessed in a new moderate-overlap frontal-impact evaluation.

Should I buy a 2024 BMW 5 Series or consider a different year?

If you're weighing the 2024 against nearby model years, here's how to think about it:

Choose the 2024 if:

• 30.6% of listings are priced as good or great deals.
• Accident-free inventory is solid at 89.7% — always verify the vehicle history report.
• Price trend: Prices have softened 6.93% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• The 2024 model year is described as a capable sports sedan that doubles as a plush people mover, with comfort and quietness standing out more than traditional BMW driving feel.

The bottom line: If you want the newest version with a softer price trend and strong comfort-focused appeal, the 2024 is the better starting point. If you are especially price-sensitive, you can also use the market’s softer pricing to shop carefully and focus on the cleanest, best-equipped example rather than stretching for a newer alternative.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.