Written by Alex Mercer, Automotive Editor | Reviewed by Marcus Vance, Certified BMW Technician
Last Updated: July 2026
Quick answer: The 2023 BMW M5 starts at an MSRP of $109,900 for the base model, rising to $117,500 when equipped with the Competition Package. Under the hood lies a 4.4-liter twin-turbocharged V8 engine producing 600 to 617 horsepower, enabling a 0-60 mph acceleration time of 3.1 to 3.2 seconds. It represents the final year of the F90 generation before the model transitioned to a heavier plug-in hybrid architecture.
Key takeaways:
- Base model pricing starts at $109,900, while the optional Competition Package brings the starting MSRP to $117,500.
- The twin-turbocharged 4.4-liter V8 delivers 600 horsepower on the base version and 617 horsepower on the Competition Package.
- EPA fuel economy is rated at 15 mpg city, 21 mpg highway, and 17 mpg combined.
- F90 platform maturity makes the 2023 model year generally reliable, though owners should check for transmission control unit recall campaigns.
2023 BMW M5 Pricing and Trim Changes
The 2023 BMW M5 carried a starting manufacturer suggested retail price (MSRP) of $109,900 before options and delivery charges. An additional $995 destination charge and a mandatory $1,000 gas guzzler tax brought the final as-delivered base figure to $111,895.
For the 2023 model year, BMW simplified the vehicle lineup. The Competition model, which was sold as a standalone trim level during the previous model year, became a selectable options package. According to official pricing guides, adding the Competition Package raised the starting MSRP to $117,500, a premium of $7,600 over the base vehicle. Additionally, the limited production 627 horsepower M5 CS model was discontinued, leaving the 617 horsepower Competition Package as the highest performance tier available for the F90 generation’s final year. You can compare this structure to the previous model year by reading the detailed 2022 BMW M5 review.
| Specification | Base M5 (F90) | M5 Competition (F90) | 2025 M5 Hybrid (G90) |
|---|---|---|---|
| Base MSRP | $109,900 | $117,500 | $119,500 |
| Destination Fee | $995 | $995 | $1,175 |
| Gas Guzzler Tax | $1,000 | $1,000 | $2,600 |
| Total Base Delivered Price | $111,895 | $119,495 | $123,275 |
| Engine Type | 4.4L Twin-Turbo V8 | 4.4L Twin-Turbo V8 | 4.4L Plug-in Hybrid V8 |
| Horsepower | 600 hp | 617 hp | 717 hp |
| Torque | 553 lb-ft | 553 lb-ft | 738 lb-ft |
| Curb Weight | 4,345 lbs | 4,345 lbs | 5,390 lbs |
Engine, Transmission, and AWD Performance
Both versions of the 2023 BMW M5 utilize the S63 4.4-liter twin-turbocharged V8 engine. The base configuration generates 600 horsepower at 6,000 rpm, while the Competition Package increases the output to 617 horsepower. Both configurations produce a peak torque of 553 lb-ft, which is fully available from 1,800 rpm up to 5,690 rpm on the Competition model.
Power is routed through an eight-speed M Steptronic automatic transmission to BMW’s rear-biased M xDrive all-wheel-drive system. This system allows the driver to select between different power distribution modes, including a 4WD Sport setting that sends more torque to the rear wheels, and a 2WD mode that completely decouples the front axle for a traditional rear-wheel-drive experience.
BMW claims the standard M5 accelerates from 0 to 60 mph in 3.2 seconds, while the M5 Competition achieves this in 3.1 seconds. However, independent instrumented tests have recorded even faster acceleration times, with the vehicle reaching 60 mph in just 2.8 seconds. This exceptional performance is documented on the Car and Driver 2023 BMW M5 review page, proving that the factory acceleration figures are highly conservative.
Fuel Economy and Real-World MPG
High-performance luxury sedans rarely prioritize fuel efficiency, and the 2023 BMW M5 is no exception. According to the EPA, both the base M5 and the Competition version are rated at 15 mpg in the city, 21 mpg on the highway, and 17 mpg combined.
The vehicle is equipped with a 20.1-gallon fuel tank, requiring premium unleaded fuel. Under highway cruising conditions, this provides a theoretical driving range of approximately 420 miles. Owners who frequently utilize the high performance modes or engage in spirited driving should expect real-world efficiency to drop significantly below the EPA estimated city rating. More details regarding standard equipment and optional fuel saving features can be found on the Edmunds 2023 BMW M5 specs page.
Reliability, Recalls, and Common Owner Issues
Because 2023 was the final year of the F90 production cycle, the vehicle benefited from years of refinements that addressed early-production mechanical weaknesses. This maturity gives the 2023 model a distinct reliability advantage over the initial production years.
However, the 2023 model year is subject to a specific NHTSA recall campaign. Under NHTSA campaign number 23V-821, BMW recalled certain 2023 vehicles due to an improperly welded cover on the integrated transmission control unit. This defect could allow transmission fluid to leak into the electronic control module, potentially causing the gears to seize and resulting in a sudden loss of propulsion. The details of this campaign are fully explained in the NHTSA official recall documentation, which notes that dealers will replace the mechatronics module and fluid at no cost to owners.
In addition to the recall, owner communities and repair databases highlight a few common maintenance issues that buyers should watch for as these cars age:
- Coolant Tank Leaks: The factory plastic coolant reservoir is known to develop hairline cracks over time. If left unaddressed, coolant can leak directly onto the fuel injectors and engine wiring harness, causing expensive electrical damage.
- AC Evaporator Failures: The air conditioning evaporator core can fail prematurely, leading to a loss of cooling. Replacing the evaporator is labor intensive because it requires removing the entire dashboard, with repair costs typically ranging from $6,000 to $7,000. Buyer tip: It is highly recommended to run a comprehensive OBD2 diagnostic scan to check for climate control fault codes and inspect the footwell vents for sweet-smelling refrigerant leaks before purchase.
- VANOS Solenoids: Some owners have reported sensor or solenoid failures within the variable valve-timing system, though these are usually covered under the original new vehicle warranty.
Original Value Verdict: Why the 2023 M5 is a Future Classic
The 2023 BMW M5 represents the pinnacle of the traditional, non-hybrid executive super-saloon. With a curb weight of 4,345 pounds, it feels agile and responsive compared to its successor, the G90-generation M5. Buyers interested in how this model compares to newer iterations can read the 2025 BMW M5 review as well as the 2026 BMW M5 review to see how the addition of heavy hybrid batteries has altered the driving dynamics of the modern BMW M5 directory.
Analysis: The F90 M5 is highly likely to hold its value better than previous generations. It is the last M5 to offer a pure V8 powertrain without electric motor assistance. The subsequent G90 generation weighs over 5,300 pounds, making the F90 nearly 1,000 pounds lighter. This weight advantage makes the 2023 model much more engaging on a winding road and represents the end of an era for pure combustion performance.
For buyers looking at the used market, pricing in mid-2026 generally ranges from $70,000 to $87,000 depending on mileage, condition, and options. Well-maintained examples with low mileage and the Competition Package sit at the higher end of this range.
Note: Prospective buyers should budget between $5,000 and $10,000 annually for routine maintenance, tires, and out-of-warranty repairs. Purchasing an extended warranty is highly recommended due to the high cost of replacement parts for the S63 engine and M xDrive system components.
Frequently Asked Questions about the 2023 BMW M5
What is the average used price of a 2023 BMW M5 in 2026?
The average listing price for a used 2023 BMW M5 in mid-2026 ranges from $70,000 to $87,000. Low-mileage vehicles equipped with the Competition Package command prices closer to $87,000, while higher-mileage base models can be found closer to $70,000.
How fast is the 2023 BMW M5 Competition from 0 to 60 mph?
BMW officially states the M5 equipped with the Competition Package accelerates from 0 to 60 mph in 3.1 seconds. In real-world independent instrumented testing, the vehicle has achieved 0 to 60 mph times as quick as 2.8 seconds under optimal conditions.
Can the 2023 BMW M5 be used as a daily driver?
Yes, the 2023 M5 is highly capable as a daily driver. It offers standard executive sedan comforts, including a spacious interior, a 5-series chassis, and adaptive suspension that can soften the ride in Comfort mode. However, the firm sport seats and 20-inch wheels in the Competition Package can make the ride feel stiff over rough pavement.
Author & Reviewer Profiles
- About the Author: Alex Mercer has spent over a decade writing for major automotive publications, specializing in high-performance German sports sedans and modern classics.
- About the Reviewer: Marcus Vance is a certified BMW technician with 15 years of hands-on experience diagnosing and repairing BMW M vehicles.
Disclaimer: The maintenance estimates, safety warnings, and technical diagnostics provided in this article are for informational purposes only. Used vehicle pricing is subject to local market fluctuations. Prospective buyers should perform independent pre-purchase inspections and verify recall status directly with the NHTSA using the vehicle’s VIN.
