2023 BMW M5 Review: Final Year Worth It?

The 2023 BMW M5 represents the swan song for the legendary F90 generation, marking the last year before BMW’s transition to the plug-in hybrid G90 model^[1]. With 617 horsepower in Competition trim, a starting MSRP of $108,895, and blistering 2.8-second 0-60 mph acceleration, this final non-hybrid M5 delivers supercar performance wrapped in executive sedan practicality^[2]. For enthusiasts seeking the last traditional twin-turbo V8 M5 before electrification, the 2023 model presents a compelling—and potentially collectible—proposition.

2023 BMW M5 Overview: Last of the F90 Generation

What’s New for 2023

BMW made subtle but strategic changes to the M5’s final F90 model year. The Competition package, previously offered as a standalone model, became an optional upgrade for 2023, simplifying the lineup^[2]. Two new exterior colors joined the palette—San Remo Green and Skyscraper Grey—while several previous-year shades were discontinued^[2]. BMW also discontinued the Bowers & Wilkins Diamond surround sound system, leaving the Harman Kardon as the premium audio option^[2].

According to Autvex automotive experts, these minimal changes reflect BMW’s decision to let the proven F90 formula stand on its own merits rather than introduce last-minute alterations before the redesign.

2023 Model Year Changes:

• Competition converted from standalone model to option package
• New colors: San Remo Green metallic, Skyscraper Grey metallic
• Interior options: Smoke White/Black and Tartufo Full Merino leather
• Bowers & Wilkins audio discontinued

Key Specifications at a Glance

Specification	Base M5	M5 Competition
Engine	4.4L twin-turbo V8	4.4L twin-turbo V8
Horsepower	600 hp @ 6,000 rpm	617 hp @ 6,000 rpm
Torque	553 lb-ft	553 lb-ft
0-60 mph	3.2 seconds	2.8 seconds (tested)
Quarter-Mile	10.9 seconds	10.6 seconds @ 130 mph
Top Speed	155 mph (190 mph w/ M Driver’s Package)	190 mph (w/ M Driver’s Package)
Starting MSRP	$108,895	~$117,495 (with Competition package)

The 2023 M5’s impressive specifications position it as one of the fastest sedans ever produced, rivaling dedicated supercars while maintaining four-door practicality^[2].

Target Buyer Profile

The 2023 M5 appeals to a specific demographic: performance enthusiasts who value daily usability over raw, unfiltered driving experiences. Buyers preferring the traditional V8 M5 before BMW’s PHEV transition represent a significant portion of the market^[3]. Executives desiring understated supercar performance in an inconspicuous package find the M5’s sleeper aesthetic particularly attractive^[4].

For those wondering how long it takes to purchase a performance sedan, the M5’s strong dealer demand means buyers should expect standard timelines unless seeking specific configurations.

M5 CS Limited Edition Context

BMW briefly offered the M5 CS variant in 2022 and early 2023, representing the ultimate expression of F90 performance. With 627 horsepower and 256 pounds less weight than the standard M5, the CS delivered enhanced track capabilities^[5]. Its limited production run and $142,000 starting price positioned it as a collectible variant, though its availability ended before most 2023 M5 sedans reached showrooms^[2].

Engine & Performance: Twin-Turbo V8 Power

S63 Engine Specifications

The heart of the 2023 M5 is BMW’s S63 twin-turbocharged 4.4-liter V8, an evolution of the engine found in previous-generation M cars. The base model produces 600 horsepower at 6,000 rpm with 553 lb-ft of torque, while the Competition package boosts output to 617 horsepower while maintaining the same torque figure^[2].

S63 Engine Key Features:

• Aluminum block and cylinder heads for weight reduction
• Twin-scroll turbochargers with cross-bank exhaust manifolds
• Direct fuel injection with precision spray-guided combustion
• VANOS variable valve timing on intake and exhaust camshafts
• Dry-sump lubrication system for optimal oil supply during hard cornering

The S63’s sophisticated design delivers instantaneous throttle response, minimizing the turbo lag that plagued earlier forced-induction engines^[6].

Transmission & Drivetrain

Power routes through an eight-speed ZF 8HP automatic transmission paired with BMW’s M xDrive all-wheel-drive system^[2]. This represents a significant departure from previous M5 generations, which were exclusively rear-wheel drive. However, BMW engineered the xDrive system with a rear bias, and drivers can configure it for rear-wheel-drive-only operation when electronic stability control is disabled^[5].

The torque-converter automatic was chosen over a dual-clutch transmission for its durability and smoother low-speed operation, particularly beneficial for daily driving scenarios^[5]. Launch control functionality optimizes clutch slip and torque distribution for consistent acceleration runs^[7].

Acceleration & Top Speed Performance

The 2023 M5 Competition’s acceleration defies physics for a 4,096-pound sedan. Car and Driver’s instrumented testing recorded 0-60 mph in 2.8 seconds—quicker than BMW’s conservative 3.1-second claim—with the quarter-mile dispatched in 10.6 seconds at 130 mph^[2]. The base model, while slightly less potent, still achieves 0-60 mph in 3.2 seconds^[2].

For context, these figures place the M5 squarely in supercar territory. The standard 155-mph top speed increases to 190 mph with the optional M Driver’s Package, which also includes a high-performance driving course at a BMW facility^[2].

Real-World Driving Dynamics

Behind the wheel, the M5 delivers what Car and Driver described as “rocket-ship propulsion”^[2]. The M xDrive system provides exceptional all-weather capability, making the M5 a genuine year-round performance option unlike rear-drive competitors^[7]. Track-capable performance coexists with everyday usability, a hallmark of the M5 lineage since its inception^[4].

Exterior Design & Styling

Overall Design Philosophy

The 2023 M5 maintains BMW’s understated design philosophy, eschewing the dramatic styling cues of competitors. This “sleeper” aesthetic resonates with enthusiasts who prefer their performance cars to blend into traffic rather than announce their presence^[4]. Unlike the controversial oversized grille of the G80 M3, the M5’s styling remains more conservative than its M3 stablemate, appealing to buyers seeking subtle sophistication.

Front & Rear Design Elements

Exterior Design Highlights:

• Aggressive air intakes optimized for twin-turbo cooling
• Adaptive LED headlights with automatic high-beam functionality
• Subtle integrated rear spoiler
• Quad exhaust outlets (Competition package)
• M-specific side mirrors with aero optimization
• Black high-gloss trim elements on Competition models

The Competition package adds gloss-black exterior accents and a more aggressive exhaust note, providing visual and auditory distinction from the base model^[2].

Available Exterior Colors

Color Category	Available Options
New for 2023	San Remo Green metallic, Skyscraper Grey metallic
Metallic Options	Black Sapphire, Marina Bay Blue, Tanzanite Blue II
Standard Colors	Alpine White, Alvite Grey, Dark Graphite, Aventurin Red
Discontinued 2023	Brand’s Hatch Grey, Snapper Rocks Blue, Motegi Red, Donington Grey

The new San Remo Green represents a bold choice for M5 buyers, evoking classic BMW M color schemes while remaining distinctive in modern traffic^[2].

Dimensions & Physical Presence

At 196.4 inches long with a 117.4-inch wheelbase, the M5 occupies similar space to executive sedans like the Mercedes E-Class^[2]. Its 4,096-pound curb weight represents a significant advantage over the 2024 hybrid model, which tips the scales at 5,251 pounds—over 1,000 pounds heavier^[8]. This weight difference has profound implications for handling dynamics and driving feel, making the 2023 model particularly appealing to purists.

Interior Design, Comfort & Quality

Cabin Layout & Driver Focus

The M5’s interior balances motorsport-inspired elements with luxury sedan refinement. Sport seats with aggressive bolstering provide excellent lateral support during spirited driving without compromising long-distance comfort^[2]. Premium materials throughout the cabin reinforce the M5’s positioning as both a performance machine and executive transport^[4].

Standard Interior Features:

• Merino leather upholstery
• Heated front seats and steering wheel
• Four-zone automatic climate control
• Customizable ambient lighting
• Driver-focused gauge cluster
• M-specific sport steering wheel

Seating & Passenger Space

The M5 comfortably accommodates four adults, with rear seating best suited for two passengers^[2]. The Competition package upgrades to enhanced sport seats with additional adjustability and bolstering. Passenger volume totals 102 cubic feet, competitive within the segment^[2].

Materials & Build Quality

BMW’s attention to material quality shines throughout the 2023 M5. Standard Merino leather covers all seating surfaces, while soft-touch materials dominate touchpoints^[4]. For 2023, BMW introduced Smoke White/Black and Tartufo full Merino leather interior options, expanding personalization choices^[2].

Autvex research indicates that M5 owners consistently rate interior quality among the sedan’s strongest attributes, praising fit-and-finish that rivals luxury marques like Audi and Mercedes-Benz.

Executive Package Luxury Upgrades

The optional Executive package elevates luxury appointments significantly:

• Ventilated and massaging front seats
• Heated rear seats
• Soft-closing doors with premium dampening
• Power rear sunshade
• Manual rear side window shades
• Surround-view camera system
• Enhanced parking sensors with automatic braking^[2]

This package transforms the M5 from a sport sedan into a true luxury performance machine, ideal for buyers prioritizing comfort alongside capability.

Cargo Space & Practicality

The M5’s 14 cubic feet of trunk space held six carry-on suitcases in Car and Driver’s testing, demonstrating genuine practicality^[2]. Split-folding rear seats accommodate longer items when necessary. This pragmatic approach to cargo management ensures the M5 remains a viable daily driver rather than a weekend-only performance car.

For buyers considering used high-performance sedans, the M5’s practicality represents a significant advantage over two-door sports cars.

Technology & Infotainment Systems

iDrive 7 Interface & Displays

The 2023 M5 features BMW’s iDrive 7 operating system, displayed across dual 12.3-inch screens—one serving as the instrument cluster, the other as the central touchscreen^[2]. A traditional rotary controller supplements touchscreen operation, providing tactile feedback preferred by many drivers^[2].

Technology Highlights:

• Dual 12.3-inch high-resolution displays
• Rotary controller and touchscreen input methods
• Customizable digital gauge cluster
• Intuitive menu structure with crisp graphics
• Voice command functionality
• Natural speech recognition

Owners consistently praise iDrive 7’s responsiveness and logical menu organization, contrasting favorably with more complex systems from competitors^[4].

Connectivity & Smartphone Integration

Feature	Standard Equipment
Apple CarPlay	Wireless integration
Android Auto	Wireless integration
Wi-Fi Hotspot	Included
Wireless Charging	Standard pad
USB Ports	Multiple Type-C connections
Satellite Radio	Subscription included

The wireless smartphone integration eliminates cable clutter while maintaining full functionality^[2].

Audio System Options

The standard 16-speaker Harman Kardon surround sound system delivers premium audio quality that satisfies most buyers^[2]. Notably, BMW discontinued the optional Bowers & Wilkins Diamond system for 2023, simplifying audio choices. Owners report the Harman Kardon system provides excellent clarity and bass response, particularly when paired with higher-quality streaming services^[4].

Navigation & Driver Information

Standard navigation includes high-resolution traffic overlays that provide real-time routing adjustments^[2]. The head-up display projects critical information—speed, navigation prompts, driver assistance alerts—directly onto the windshield, allowing drivers to maintain focus on the road ahead. The customizable digital gauge cluster adapts to selected drive modes, displaying minimal information in Comfort mode or comprehensive performance data in Track mode.

Drive Mode Customization

The M5 offers extensive drive mode customization through configurable settings for:

• Engine response and power delivery
• Transmission shift points and aggression
• Suspension stiffness and damping
• Steering weight and feedback
• Stability control intervention thresholds
• Exhaust sound character^[9]

The M Mode button provides instant access to pre-configured sport settings, eliminating menu navigation during spirited driving^[9]. For track enthusiasts, the drift analyzer records and displays drift angles and duration^[10].

Safety Features & Driver Assistance

Standard Active Safety Systems

The 2023 M5 includes comprehensive active safety equipment as standard:

Standard Safety Technology:

• Forward-collision warning with automatic emergency braking
• Blind-spot monitoring with rear cross-traffic alert
• Lane-departure warning with lane-keeping assist
• Rearview camera with dynamic guidelines
• Front and rear parking sensors
• Impact sensor battery disconnect^[2]

These systems function seamlessly without intrusive nanny-state interventions, preserving the engaging driving experience M5 buyers expect^[11].

Driving Assistance Professional Package

The optional Driving Assistance Professional package adds semi-autonomous capabilities:

• Adaptive cruise control with stop-and-go functionality
• Traffic jam assist with steering support
• Extended highway driving assistance
• Front cross-traffic alert
• Evasive maneuver stability control
• Active lane change assistance^[2]

This package transforms highway driving, particularly during congested commutes, though skilled drivers may find the systems overly cautious during spirited driving.

Crash Protection & Safety Ratings

The G30 5 Series platform underpinning the M5 earned IIHS Good ratings in base configuration, improving to Superior with optional safety equipment^[12]. Six airbags throughout the cabin provide comprehensive occupant protection. Seatbelt pre-tensioners activate during hard braking or collision detection, securing occupants before impact^[2].

High-Performance Braking Systems

Brake System	Specifications
Standard Brakes	Six-piston front calipers, vented and drilled rotors
Optional M Carbon Ceramic	Enhanced stopping power, reduced fade, gold calipers
70-0 mph (M5 CS)	150 feet
100-0 mph (M5 CS)	294 feet

The optional M Carbon Ceramic brakes provide exceptional stopping power with virtually no fade during track use, though the $8,500 price tag represents a significant investment^[2].

Driving Experience: Handling & Dynamics

Steering & Road Feel

The M5’s electric power steering delivers precision without the tactile feedback of hydraulic systems from earlier generations. Reviewers note the steering feels slightly disconnected compared to older M5 models, with reduced road feel filtering through to the driver^[13]. However, accuracy remains excellent, with the front end responding predictably to steering inputs.

This clinical steering character represents a common criticism among enthusiasts who remember the hydraulic-steering E39 M5. However, the electric system enables features like lane-keeping assist and parking automation that modern buyers expect.

Suspension & Ride Quality

The adaptive suspension demonstrates remarkable versatility across drive modes. Comfort mode provides genuinely comfortable highway cruising, absorbing expansion joints and minor imperfections effectively^[2]. Sport and Sport+ modes firm up considerably, delivering exceptional body control at the expense of ride compliance. The Competition package lowers ride height 7mm and adds stiffer springs, sharpening responses further^[6].

Suspension Characteristics by Mode:

• Comfort: Compliant, absorbs road irregularities, slight body motion
• Sport: Balanced compromise, controlled body movements, some harshness
• Sport+: Stiff, immediate responses, harsh over broken pavement
• Track: Maximum firmness, minimal body roll, uncompromising^[14]

Cornering & Grip Performance

The M5 Competition recorded 1.02 g of lateral grip on Car and Driver’s skidpad—extraordinary for a 4,096-pound sedan^[2]. Rear-axle steering enhances agility, making the M5 feel smaller and more nimble than its dimensions suggest^[6]. The M xDrive system provides seemingly endless traction, allowing drivers to carry absurd speeds through corners^[7].

For drivers seeking tail-happy dynamics, disabling stability control activates rear-drive mode, sending 100% of power to the rear wheels. This configuration transforms the M5 into a drift machine, though only experienced drivers should explore this mode’s full potential.

Track vs Daily Driving Character

The M5’s dual personality represents its greatest strength. It transforms from a comfortable long-distance cruiser into a track-focused performance machine through simple drive mode adjustments^[9]. This versatility enables owners to use one car for daily commuting, weekend getaways, and occasional track days without compromise^[4].

Fuel Economy & Efficiency

EPA Ratings & Real-World Testing

The 2023 M5’s thirsty twin-turbo V8 delivers predictably poor fuel economy:

Fuel Economy Metric	Rating
EPA City	15 mpg
EPA Highway	21 mpg
EPA Combined	17 mpg
Car and Driver 75-mph Highway Test	24 mpg (3 mpg over EPA)
Observed Real-World	18 mpg[2]

These figures trail the Mercedes-AMG E63 S, which achieves 16 mpg city and 23 mpg highway^[2]. However, buyers considering six-figure performance sedans rarely prioritize fuel economy.

Comparison to Competitors

The M5’s 17 mpg combined rating positions it at the bottom of the segment for efficiency. The 2024 hybrid G90 M5 achieves 50 MPGe combined when factoring in electric operation, though its real-world gas-only efficiency remains similar^[8]. For context, buyers interested in BMW’s electric performance sedans might consider the i5 M60 as an alternative.

Trim Levels, Packages & Pricing

Base 2023 M5 Standard Equipment

The 2023 M5 starts at $108,895 with extensive standard equipment:

Standard Features:

• 600 hp twin-turbo V8 with M xDrive AWD
• Eight-speed automatic transmission
• Merino leather interior
• 19-inch M light-alloy wheels
• Adaptive LED headlights
• Harman Kardon 16-speaker audio
• Wireless Apple CarPlay and Android Auto
• Dual 12.3-inch displays with iDrive 7
• Four-zone automatic climate control
• Heated front seats and steering wheel
• Comprehensive active safety suite^[2]

This generous standard equipment list ensures even base M5 models feel luxurious and well-appointed.

Competition Package ($7,000-$8,600 upgrade)

The Competition package adds:

• 617 hp output (+17 hp over base)
• 20-inch forged lightweight wheels
• M Sport exhaust system
• 7mm lowered suspension
• Stiffer springs and dampers
• Gloss-black exterior trim
• Enhanced sport seats
• Competition badging^[2]

Most buyers opt for the Competition package, valuing the increased performance and visual distinction for the relatively modest upcharge.

Stand-Alone Options & Accessories

Option	Description	Approximate Cost
M Driver’s Package	190 mph top speed, track day experience	$2,500
M Carbon Ceramic Brakes	Enhanced stopping power, fade resistance	$8,500
Executive Package	Massaging seats, surround camera, soft-close doors	$3,900
Panoramic Sunroof	Glass roof with power shade	$1,450
BMW Individual	Custom paint and interior options	Varies[2]

As-Tested Pricing Examples

Car and Driver’s tested Competition example totaled approximately $117,495 with the Competition package and several options^[2]. Fully loaded examples easily exceed $125,000, approaching the price of more exotic machinery. However, compared to the 2024 hybrid M5’s $123,275 starting price, the 2023 model represents relative value—particularly considering its lighter weight and simpler powertrain^[8].

Common Issues & Reliability Concerns

F90 Generation Known Problems

The F90 M5 has developed a reputation for specific reliability concerns that prospective buyers should understand:

Common F90 M5 Issues:

• Rod bearing wear: Most serious concern; can cause catastrophic engine failure if unaddressed
• Turbocharger failures: Oil starvation and excessive heat lead to premature wear
• Fuel injector failures: Cause misfires and rough running (2018-2022 models)
• Oil consumption: Some engines consume more than expected
• Cooling system leaks: Plastic coolant tanks crack over time^[15]

Rod bearing wear represents the most significant concern. Symptoms include knocking noises during cold starts and decreased oil pressure. Preventative replacement costs $3,000-$5,000, while catastrophic failure requires engine rebuilds exceeding $25,000^[15].

Electrical System Glitches

Modern BMWs’ complex electrical systems occasionally malfunction:

• Battery drain when parked (parasitic draw issues)
• Infotainment system crashes or freezes
• Faulty sensors triggering erroneous warning messages
• TPMS false readings requiring recalibration^[16]

Most electrical issues resolve through software updates at BMW dealerships, though intermittent problems frustrate owners.

Transmission & Drivetrain Concerns

The ZF eight-speed automatic generally proves reliable, though some owners report:

• Rough shifts during cold starts (primarily 2018-2021 models)
• Transmission software glitches requiring updates
• Low transmission fluid levels from factory
• xDrive system complexity increasing potential failure points^[16]

Reliability Ratings & Owner Experience

MotorEasy warranty data shows the G30 5 Series (including M5) achieves only a 39% reliability rating as of January 2025^[17]. Suspension problems account for nearly one-third of all warranty repairs, while engine issues constitute over one-quarter of problems with average repair costs approaching $1,500^[17].

Despite these concerns, owner satisfaction remains generally high. Enthusiast forums show M5 owners accept the trade-offs inherent in high-performance machinery, provided they budget for maintenance and potential repairs^[4].

For buyers concerned about reliability, understanding insurance considerations for high-value vehicles becomes particularly important.

Warranty & Maintenance Coverage

Factory Warranty Details

BMW provides competitive warranty coverage for the 2023 M5:

• Limited warranty: 4 years/50,000 miles
• Powertrain warranty: 4 years/50,000 miles
• Corrosion perforation: 12 years/unlimited miles
• Roadside assistance: 4 years/unlimited miles^[2]

This coverage matches most luxury competitors, though brands like Genesis offer longer warranties.

Complimentary Maintenance

BMW includes free scheduled maintenance for 3 years/36,000 miles—shorter than some luxury rivals but still valuable^[2]. This covers:

• Oil changes and filter replacements
• Multi-point inspections
• Brake fluid exchanges
• Cabin air filter replacements

After the complimentary period expires, maintenance costs escalate significantly. Annual service expenses for M5s typically range $2,000-$3,000.

Extended Warranty Considerations

Given the F90 M5’s reliability concerns, extended warranty coverage merits serious consideration. Third-party warranties covering rod bearings, turbochargers, and electrical systems provide peace of mind, particularly for buyers planning extended ownership beyond the factory warranty period^[16].

2023 BMW M5 Pros & Cons Analysis

Major Advantages

Compelling Strengths:

• Blistering 2.8-second 0-60 mph acceleration rivals dedicated supercars
• M xDrive provides genuine all-weather, all-season capability
• Luxurious, comfortable cabin suitable for daily driving
• Practical 14 cubic feet trunk space and rear seating
• Rear-wheel-drive mode satisfies enthusiast driving desires
• Last non-hybrid M5 before PHEV transition appeals to traditionalists
• Understated styling allows under-the-radar performance
• Track-capable with street manners—genuine dual-purpose machine^[2]

Key Disadvantages

Notable Weaknesses:

• Steering lacks feedback and feel of hydraulic-steering predecessors
• Firm, occasionally harsh ride quality over rough pavement
• Abysmal 17 mpg combined fuel economy
• Muted exhaust note compared to competitors (even with Competition package)
• Overly stealthy styling disappoints buyers seeking visual drama
• Reliability concerns require budgeting for potential repairs
• Complex electrical systems prone to intermittent glitches
• $108,895 starting price approaches exotic car territory^[18]

Who Should Buy the 2023 M5

The 2023 M5 suits specific buyer profiles:

• Enthusiasts seeking the last traditional V8 M5 before electrification
• Buyers wanting supercar acceleration with four-door practicality
• Those prioritizing all-weather AWD performance capability
• Executives desiring understated, sleeper-car performance
• Track day participants requiring practical daily transport
• Collectors valuing final-year F90 generation potential

Who Should Consider Alternatives

Certain buyers should explore competitors:

• Driving purists: Cadillac CT5-V Blackwing offers superior feedback with manual transmission
• Budget-conscious buyers: E63 S or used M5 CS provide similar performance for less
• Fuel economy prioritizers: Consider the 2024 hybrid G90 M5
• Styling enthusiasts: AMG E63 S delivers more dramatic visual presence
• Comfort-first buyers: Porsche Panamera provides superior ride quality^[19]

Competitive Comparison & Alternatives

Mercedes-AMG E63 S

The E63 S represents the M5’s most direct competitor:

Specification	E63 S	M5 Competition
Engine	4.0L twin-turbo V8	4.4L twin-turbo V8
Horsepower	603 hp	617 hp
Torque	627 lb-ft	553 lb-ft
0-60 mph	3.3 seconds	2.8 seconds
Fuel Economy	16/23 mpg	15/21 mpg

The E63 S delivers a throatier exhaust note and more dramatic styling, though the M5 edges ahead in outright acceleration^[19].

Cadillac CT5-V Blackwing

American muscle challenges German engineering:

• 668 hp supercharged V8
• Manual transmission availability (enthusiast preference)
• Rear-wheel-drive purity
• $95,000 starting price ($13,000 less than M5)
• Raw, unfiltered driving character^[2]

The Blackwing sacrifices luxury refinement for driving engagement, appealing to purists over comfort-seekers.

Audi RS7 Performance

The RS7 offers unique advantages:

• 621 hp twin-turbo V8
• Sportback hatchback versatility
• Quattro AWD system
• More compliant ride quality
• Sleeker coupe-like styling
• Similar pricing to M5^[19]

Porsche Panamera GTS/Turbo

Porsche brings sports car precision to the sedan segment:

• Superior handling and steering feedback
• Higher interior quality and materials
• Better ride comfort than M5
• $110,000+ starting price
• More exclusive, lower production volumes^[2]

Used 2023 BMW M5 Market Analysis

Current Pricing & Availability

As of October 2025, used 2023 M5 values show interesting trends:

Condition	Price Range	Typical Mileage
Average Examples	$64,952-$79,433	40,000-50,000 miles
Low-Mileage Examples	$86,500-$95,995	13,000-18,000 miles
Trade-In Value	~$59,882	Average condition
Private Party	~$62,379	Average condition
Dealer Retail	~$65,194	Average condition[20]

The used market reflects strong demand for final F90 generation examples, particularly Competition models with desirable options and colors.

What to Inspect When Buying Used

Prospective used M5 buyers should prioritize:

Critical Inspection Points:

• Oil analysis to detect rod bearing wear
• Turbocharger boost testing and wastegate functionality
• Comprehensive electrical system function testing
• Transmission shift quality and responsiveness
• Complete service history documentation
• Pre-purchase inspection by BMW M-certified technician^[16]

Certified Pre-Owned Benefits

BMW’s CPO program provides valuable protection:

• Extended warranty coverage (6 years/100,000 miles from original in-service date)
• 360-point inspection process
• 24/7 roadside assistance
• Trip-interruption reimbursement
• Peace of mind for complex, high-performance machinery^[20]

The CPO premium typically adds $3,000-$5,000 to purchase price but may prove worthwhile given potential repair costs.

Depreciation & Value Retention

The F90 M5 demonstrates relatively strong depreciation resistance compared to other luxury performance sedans. BMW Blog analysis identifies the F90 as potentially “the best performance bargain on the used market” as of late 2024^[21]. The 2023 model year’s significance as the final F90 may support stronger long-term values, particularly for well-maintained Competition examples in desirable colors.

Final Verdict: Is the 2023 M5 Worth It?

Performance Value Assessment

At $117,495 for a Competition-equipped example, the 2023 M5 delivers 617 horsepower and 2.8-second 0-60 mph performance—representing strong value in the six-figure performance sedan segment^[18]. It outperforms most competitors in straight-line acceleration while maintaining genuine daily usability that separates it from track-focused supercars.

The M5’s significance as the last traditional, non-hybrid M5 adds intangible collector appeal. As automotive electrification accelerates, naturally aspirated and non-hybrid performance cars increasingly attract enthusiast attention.

Comparison to 2024 Hybrid G90

The 2023 F90 holds several advantages over the 2024 G90 successor:

Factor	2023 F90	2024 G90
Weight	4,096 lbs	5,251 lbs
Horsepower	617 hp	717 hp
Complexity	Simpler V8-only	PHEV with battery
Starting Price	$108,895	$123,275
Driving Feel	More engaging	More clinical

The 1,155-pound weight penalty of the G90 fundamentally alters the M5’s character, sacrificing the agility and responsiveness that defined previous generations^[8].

Long-Term Ownership Outlook

Prospective M5 owners should approach long-term ownership with realistic expectations. Extended warranty coverage protecting rod bearings and turbochargers merits serious consideration^[16]. Regular maintenance following BMW’s severe service schedule—rather than normal service intervals—extends engine longevity. Strong enthusiast community support through forums like M5POST provides troubleshooting resources and shared experiences^[22].

Best Use Case Scenarios

The 2023 M5 excels as:

• Daily driver with weekend track capability: Versatile enough for both roles without compromise
• All-season performance sedan: xDrive provides confidence in variable climates
• Understated executive transport: Delivers supercar performance without attention-seeking styling
• Three-year lease candidate: Avoids long-term reliability risks while enjoying warranty coverage^[16]

Final Recommendation by Buyer Type

• Performance Purist: Consider buying the 2023 M5 if accepting AWD and muted steering feedback as acceptable compromises for rocket-ship acceleration and daily usability.
• Luxury Prioritizer: The Porsche Panamera GTS provides superior interior quality, ride comfort, and steering precision at similar pricing^[2].
• Value Seeker: The Cadillac CT5-V Blackwing delivers comparable performance with superior engagement for $13,000 less, though sacrificing some luxury refinement^[2].
• Technology Enthusiast: If accepting the weight penalty, the 2024 hybrid G90 offers cutting-edge PHEV technology with 100 additional horsepower^[8].
• M5 Loyalist: The 2023 model represents the final traditional M5—making a compelling ownership case for enthusiasts valuing heritage over cutting-edge technology^[18].

Key Takeaways

1. The 2023 M5 marks the final year of the F90 generation and last non-hybrid M5, potentially increasing collector appeal over time.
2. Competition package adds 17 horsepower and performance enhancements for modest cost, making it worthwhile for most buyers.
3. At 4,096 pounds, the 2023 model weighs 1,155 pounds less than the 2024 hybrid successor, preserving agility and driving engagement.
4. Rod bearing wear represents the most serious reliability concern; budget for preventative replacement or catastrophic repair costs.
5. The M5’s dual personality enables genuine daily-driver comfort and weekend track capability in one package without compromise.
6. Extended warranty coverage protecting rod bearings, turbochargers, and electrical systems provides valuable peace of mind for long-term ownership.
7. Used 2023 examples currently range $79,433-$95,995 depending on mileage and condition, representing strong value in the performance sedan segment.

FAQs

References

1. Car and Driver. (2022). 2023 BMW M5 Review, Pricing, and Specs. https://www.caranddriver.com/bmw/m5-2023
2. TrueCar. (2022). 2023 BMW M5 Review | Pricing, Trims & Photos. https://www.truecar.com/overview/bmw/m5/2023/
3. Wikipedia. (2023). BMW M5 – F90 M5 (2017–2023). https://en.wikipedia.org/wiki/BMW_M5
4. Edmunds. (2023). Used 2023 BMW M5 Consumer Reviews. https://www.edmunds.com/bmw/m5/2023/consumer-reviews/
5. Evo. (2024). BMW M5 Competition (F90, 2017 – 2023) review. https://www.evo.co.uk/bmw/m5-competition/21583/
6. Motor Trend. (2023). 2023 BMW M5 Review: Expert Insights, Pricing, and Trims. https://www.motortrend.com/cars/bmw/m5/2023/
7. US News Cars. (2023). 2023 BMW M5 Performance Review. https://cars.usnews.com/cars-trucks/bmw/m5/2023/performance
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