New BMW M4 for Sale near Indianapolis, IN
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4.8 Overall rating
Customers say
The BMW M4 consistently excites drivers with its powerful performance, impressive handling, and luxurious interiors across all model years. Owners appreciate the blend of sportiness and comfort, along with cutting-edge technology that enhances the driving experience. However, some feel that the pricing can be a bit steep, and a few have mixed feelings about certain models, particularly the convertible version. Overall, the M4 is celebrated for its thrilling performance that can compete with many high-end sports cars.
AI generated from the text of customer reviews.
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What people say
Michael J
Reviewed a 2024 BMW M4 on Oct 27, 2025
perfect blend of performance and ease of driving. Very fast/ quality is amazing. comfortable on long drive but also ready for the track. layout of dash is very intuitive.
Rob A
Reviewed a 2024 BMW M4 on May 15, 2024
I have owned multiple BMW M vehicles and this is the best and the most Fun ,yet can be driven any day! My M3 E932 is second best with honorable mention to the shark, M6 1987. Incredible bang for the buck and can compete with most supercars. Missed the purr of a high performance engine as compared to an EV!
BMW M4 Trims
| Trim type | MSRP |
|---|---|
| 2026 Competition Convertible xDrive | $98,400 |
| 2026 Competition Coupe RWD | $86,400 |
| 2026 Coupe RWD | $82,200 |
| 2026 Competition Coupe xDrive | $91,500 |
BMW M4 Price Trends
CarGurus tracks the prices of millions of car listings every year. See how the average price of prices has changed over time.
See more price trendsBMW M4 Pricing Analysis: Indianapolis, IN Market Report
Pricing Analysis by Model Year
Key Insights
- Significant Depreciation for Older Models: The 2016 BMW M4 has a notable drop, with a current average price of $45,000, reflecting a depreciation of ~31.5% from its original MSRP of $65,700.
- Recent Models Maintain Value: The 2024 BMW M4 is priced slightly below its MSRP, at $77,670, indicating limited depreciation for newer models.
- Best Value Opportunity: The 2023 model offers a good balance, priced at $72,447, which is about -9.9% vs MSRP, making it a viable option for buyers looking for newer models without the steepest depreciation.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2024 BMW M4 | $78,100 | $77,670 | -0.5% |
| 2023 BMW M4 | $74,700 | $72,447 | -3.0% |
| 2022 BMW M4 | $72,000 | $65,092 | -9.6% |
| 2021 BMW M4 | $71,800 | $62,423 | -13.1% |
| 2016 BMW M4 | $65,700 | $45,000 | -31.5% |
Pricing in Nearby Cities
Market Area: Greater Indianapolis Region
Key Insights
- Lowest Prices in Ohio: Both Cincinnati and Dayton, OH feature the lowest average prices at $41,840, reflecting potentially higher inventory levels or stronger market competition.
- Higher Prices in Indiana: Cities like Columbus, IN ($68,980) and Lafayette, IN ($69,541) command higher prices, which may indicate stronger local demand or fewer listings.
- Inventory Variance: Cities with a higher number of listings, such as Anderson, IN (226 listings) and Crawfordsville, IN (222 listings), showcase a more stable pricing environment, with averages around $63,286–$66,661.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Columbus, IN | 225 | $68,980 |
| Lafayette, IN | 223 | $69,541 |
| Crawfordsville, IN | 222 | $66,661 |
| Anderson, IN | 226 | $63,286 |
| Kokomo, IN | 225 | $63,286 |
| Cincinnati, OH | 225 | $41,840 |
| Dayton, OH | 229 | $41,840 |
Pricing by Trim Packages
Key Insights
- RWD Models Dominate Listings: The Coupe RWD (75 listings) is the most common trim available, indicating strong consumer preference for the traditional rear-wheel drive experience.
- High Price for Competition Trims: The Competition Coupe RWD at $86,400 MSRP reflects the premium consumers are willing to pay for enhanced performance features.
- Limited Inventory for Convertibles: The Competition Convertible xDrive has only 2 listings, indicating either a niche market or limited availability, thus driving up its MSRP to $98,400.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| Coupe RWD | 75 | $82,200 | RWD | 3.0L 473 hp I6 |
| Competition Coupe RWD | 25 | $86,400 | RWD | 3.0L 503 hp I6 |
| Competition Coupe xDrive | 7 | $91,500 | AWD | 3.0L 523 hp I6 |
| Competition Convertible xDrive | 2 | $98,400 | AWD | 3.0L 523 hp I6 |
These recommendations are based on CarGurus' proprietary market data from May 28, 2026, CarGurus experts' opinions, and generative AI.
BMW M4 test drive
overall
Where performance, luxury, and practicality intersect, you will find the 2025 BMW M4.
The high-performance member of the BMW 4 Series family, the 2025 M4 is available as a coupe or a convertible, with or without a manual transmission, and with rear-wheel drive (RWD) or xDrive all-wheel drive (AWD). For 2025, the M4 gets a light detail refresh, a slight power bump for Competition xDrive models, and a new operating system for the infotainment system. A limited-production M4 CS coupe is also available.
Verdict: Top up or down, driven in epic traffic or on epic roads, the M4 remains one of the best-driving BMWs money can buy. Comfortable when you want it, track-ready when you need it, and able to seat four people while carrying a decent amount of cargo, the M4 is a terrific all-around automobile.
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