Used 2023 BMW M5 for SaleNationwide

How much does the 2023 BMW M5 cost?

Prices have softened 7.20% compared to this time last year, making it a favorable time to shop this model year.

There are 76 listings available, which suggests a relatively limited but active pool of inventory.

Is the 2023 BMW M5 a good car?

The 2023 BMW M5 stands out as a high-performance luxury sedan that blends serious speed with everyday practicality. It pairs a twin-turbo V8, an eight-speed automatic transmission, and xDrive all-wheel drive with a refreshed interior that includes Apple CarPlay, digital instrumentation, wireless smartphone charging, and a 12.3-inch touchscreen.

That combination makes it appealing if you want a sedan that feels both fast and well equipped. It also keeps some of the model’s traditional performance character through rear-biased xDrive behavior, while still giving you all-weather traction. 34.2% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2023 BMW M5 reliable?

The 2023 BMW M5 has a reputation for being generally reliable when properly cared for. It is still a high-performance BMW, though, so neglect or abuse can quickly become expensive.

For used buyers, that means long-term ownership risk is tied less to the badge and more to how well the car was maintained and driven. If you buy one with a careful service history, your odds are better than if you chase the cheapest example.

What should I look for when buying a used 2023 BMW M5?

Accident-free inventory is excellent at 90.8% — clean inventory, standard diligence applies.

You should still run a history report and verify that the car’s maintenance records match its mileage and asking price. Prioritize a pre-purchase inspection, especially for signs of hard use, deferred service, or cosmetic and mechanical wear that could be costly on a performance sedan. Focus on overall condition first, because a well-kept example matters more here than a small price difference.

Is now a good time to buy a used 2023 BMW M5?

This looks like a moderate market where you can be selective, but you should still move quickly on the right car.

• Deal availability: 34.2% of listings are priced as good or great deals.
• Inventory: There are 76 listings available.
• Price trend: Prices have softened 7.20% compared with last year.
• Clean inventory: 90.8% of listings are accident-free.

If you find a listing below $83,796, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 BMW M5's resale value?

The current average of $83,796 sits slightly below last year's $90,297.

That decline suggests the market has already adjusted downward, which can help you as a buyer today. For a future seller, it means resale value may depend heavily on condition, mileage, and documentation, because the model is already trading below its prior-year level. If you keep the car well maintained and avoid heavy wear, you’ll be in a better position to protect value later.

Should I buy a 2023 BMW M5 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:

• 34.2% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 90.8% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 7.20% compared with last year.

Consider the 2022 if:

• It adds the track-focused M5 CS with standard carbon-fiber performance upgrades.

The bottom line:
The 2023 is the better primary choice if you want a strong mix of performance, technology, and a market that has softened enough to create some buying opportunity. If you are more price-sensitive, the 2022 is worth a look for its standout M5 CS variant, but you should expect to shop carefully and compare condition closely.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.