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2023 BMW 5-Series

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Used Car Price Range
$46,986 - $64,975
$46,986 $64,975
Select a Trim
Select a Trim
2023 530i 4dr Rear-Wheel Drive Sedan
most popular
Price:   -  From $56,000
2023 530e PHEV Base 4dr Rear-Wheel Drive Sedan Price:   -  From $57,600
2023 530i xDrive 4dr All-Wheel Drive Sedan Price:   -  From $58,300
2023 530e PHEV xDrive 4dr All-Wheel Drive Sedan Price:   -  From $59,900
2023 540i 4dr Rear-Wheel Drive Sedan Price:   -  From $62,900
2023 540i xDrive 4dr All-Wheel Drive Sedan Price:   -  From $65,200
2023 M550i xDrive 4dr All-Wheel Drive Sedan Price:   -  From $81,500
2023 M5 Base 4dr All-Wheel Drive Sedan Price:   -  From $109,900
Expert Rating

Our expert ratings are based on seven comprehensive criteria: quality, safety, comfort, performance, fuel economy, reliability history and value.

You can interpret our ratings in the following way:

: Outstanding vehicle. Only the most exceptional vehicles achieve this rating.

: Very Good vehicle. Very good and close to being the best vehicle in its class.

: Good vehicle. Decent, but not quite the best. Often affordable, but lacking key features found in vehicles of the same class.

: Below average vehicle. Not recommended, and lacking attributes a car buyer would come to expect for the price.

: Poor vehicle. Simply does not deserve to be on the road.

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What's New

The 2023 BMW 5-Series carries into the new year with few notable changes despite its aged design.

Choosing Your BMW 5-Series

BMW offers the 2023 5-Series in a range of trims; the 530i, 540i, 530e, M550i xDrive, and M5. Prices range from $55,795 to $109,895.

As of this writing, the 530e PHEV no longer qualifies for a tax credit following the implementation of the Inflation Reduction Act. As of August 2022, the final assembly of EVs must be in the United States to be eligible. Certain other BMW plug-ins still qualify, but the 5-Series does not. State plug-in rebates may be available, however.

Engine Choices

All models feature an eight-speed automatic while the M550i xDrive incorporates unique gear ratios and the M5’s unit is further enhanced by M. Rear-wheel drive is standard and all-wheel drive is offered on the non-M models for $2,300.

The M550i xDrive is equipped with drive and additionally features a variable-locking rear differential. The M5’s system can be set to a rear-wheel-drive mode for tail-out fun.

The 530e is by far the most efficient with its 12 kWh battery pack that can deliver up to an EPA-estimated 21 miles of electric-only driving, however, its reduced fuel tank size limits range to just 340 miles of total range. Its onboard 3.7 kW charger requires about three hours for a full recharge. The M5, on the other hand, is penalized with a $1,000 gas-guzzler tax.

ModelEnginePower (hp / lb-ft)DrivetrainFuel Economy (MPG)
530i2.0-liter four-cyl turbo248 hp / 257 lb-ftRWD (AWD optional)28 mpg(26 mpg with AWD)
530e2.0-liter four-cyl turbo plug-in hybrid288 hp / 310 lb-ft (gas and electric)RWD (AWD optional)

21 mi EV only (19 mi AWD)

64 MPGe (62 MPGe AWD)

540i3.0-liter six-cyl turbo mild-hybrid355 hp / 331 lb-ftRWD (AWD optional)27 mpg (25 mpg with AWD)
M550i xDrive4.4-liter turbo V8523 hp / 553 lb-ftAWD20 mpg
M54.4-liter turbo V8600 hp (617 hp with Competition Pkg) / 553 lb-ftAWD17 mpg

Passenger and Cargo Capacity

The 5-Series is only offered as a traditional five-passenger sedan. It stretches to 195.8 inches long which nearly matches the Audi A6 and Mercedes E-Class while its 73.5-inch width basically splits the two.

Inside, the BMW provides 36.5 inches of rear legroom which is a couple shy of the big Genesis G80, 37.5 inches of rear headroom, and 14 cubic feet of trunk space. Folding seat backs are standard on all trims.

BMW 5-Series

Safety Features

The BMW 5-Series features Automatic emergency braking, blind-spot detection, lane departure warning, front and rear parking sensors, and adaptive LED headlights with automatic high beams as standard and offers adaptive cruise control with traffic jam assist, lane change assist, and an enhanced collision mitigation system with front cross-traffic alert, through the Driving Assistant Professional Package for $1,700.

The Parking Assist Package ($800) helps with steering in and out of a spot and can retrace the last 50 yards in reverse. It also includes a surround-view camera system with 3D rendering.


The 5-Series features a 12.3-inch infotainment touchscreen with a console-mounted controller, Apple CarPlay, Android Auto, SiriusXM, remote-connected services, a Wi-Fi hotspot, a 12-speaker 205-watt sound system, and USB and power outlets in the front and rear. Wireless charging is $500. The Premium Package features a Harman Kardon system that is standard on the M550i xDrive while a Bowers & Wilkens 16-speaker 1400-watt sound system is available on the M5 for $3,400.

BMW 5-Series

2023 BMW 530i - MSRP From $55,795

The base 5-Series wears 18-inch wheels, chrome exterior trim, and power-folding heated mirrors with auto-dimming for the driver’s side, while inside heated perforated synthetic leather sport seats feature power adjustability with lumbar support, digital gauge cluster, and proximity entry. Other comforts-focused features include multi-zone climate control, a sunroof, interior ambient lighting, and wood trim.

The Convenience Package is offered for $600 and includes heated front seats (and heated rear seats for another $500) and a power trunk lid. The Premium package ($2,250) includes those features and adds a head-up display, the premium audio system, and remote engine start (via the app).

The Executive trim ($3,150) absorbs those features and adds premium ceramic interior controls, and rear power sunshades. The Luxury Seating Package ($1,000) provides ventilated front seats with 20-way power adjustability and opens up massaging seats for $1,000 although premium leather trim is required ($2.500).

The M Sport design package is $3,050 and features unique exterior styling, 19-inch wheels, a sport suspension, an M steering wheel, aluminum interior trim, and the features of the Convenience Package. With the M Sport package selected, the Shadowline Package ($1,100) is available and adds upgraded hardware in the form of M Sport brakes with red or blue calipers and styling enhancements such as dark headlight housings, gloss black exterior trim with black chrome exhaust outlets, and a rear spoiler.

2023 BMW 530e - MSRP From $57,395

The plug-in hybrid variant is equipped with 19-inch wheels and subtly colored blue trim pieces to signify its electrified powertrain, but otherwise, generally includes and offers the same packages as the 530i.

2023 BMW 540i - MSRP From $62,595

The 540i features 19-inch wheels and offers the same packages as the 530i, although they are slightly less costly due to added standard equipment. The Dynamic Handling Package is offered for $3,500 and it includes adaptive dampers, active roll-bars for improved body control, and an adaptive drive mode that automatically adjusts the vehicle’s settings depending on driving style and the road ahead.

2023 BMW M550i xDrive - MSRP From $80,895

The M550 xDrive includes the M Sport package and offers a $500 Shadowline package that includes more gloss black exterior trim, darkened headlight housings, and dark chrome quad exhaust outlets.

The features of the Premium Package are also included as standard, as are adaptive dampers, 19-inch wheels, a sport exhaust system, leather seats, and power sunshades, while the Executive Package is offered for $1,700. The Dynamic Handling Package ($3,600) integrates M-tuned suspension with active roll-bars and four-wheel steering and the BMW M 50 Years Emblem package is available for $200.

2023 BMW M5 - MSRP From $109,895

Beyond the powertrain update, the M5 features enhanced cooling for hard track use, and M-specific tuning for the adaptive dampers, steering feel, transmission programming, and screen displays. Other upgrades include M seats that are wrapped in leather and feature an illuminated M5 logo, an M steering wheel with additional M controls, and the 50 Years of M logos.

Outside, unique front and rear bumpers, a rear spoiler, and a carbon-fiber roof panel add to the M5's exclusivity. The Executive Package is offered for $3,450 and features front massage seats, soft-close doors, heated front and rear seats, and the features of the Park Assist Package.

The Competition Package ($7,600) adds more power, 20-inch wheels, M Sport exhaust, extended application of gloss black finish to the grille and other exterior trim, and seat belts with the M color stripes while M carbon ceramic front brakes are available to replace the M5’s standard compound sport brakes for $8,500.

Top speed can be increased from 155 miles per hour to 190 with the $2,500 M Driver’s Package which also includes a lesson day at the track. Last year’s CS trim was a limited-edition 2022 trim.

Compare 5-Series Trims Side-By-Side

CarsDirect Tip

The 530e xDrive with the Convenience Package offers a premium plug-in hybrid option for a reasonable price increase over the standard powertrain.

author image
Automotive Editor
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Expert Review

  • Five great engine options
  • Pretty good on gas
  • Spacious and suave interior
  • M5 is bonkers
  • Options add up fast
  • Real leather isn't standard?
  • Could use more road feel
  • PHEV gets worse mileage than regular 4-cylinder
Expert Rating

Our expert ratings are based on seven comprehensive criteria: quality, safety, comfort, performance, fuel economy, reliability history and value.

You can interpret our ratings in the following way:

: Outstanding vehicle. Only the most exceptional vehicles achieve this rating.

: Very Good vehicle. Very good and close to being the best vehicle in its class.

: Good vehicle. Decent, but not quite the best. Often affordable, but lacking key features found in vehicles of the same class.

: Below average vehicle. Not recommended, and lacking attributes a car buyer would come to expect for the price.

: Poor vehicle. Simply does not deserve to be on the road.

author image
Automotive Contributor

Stoic styling. In a world that may soon be enveloped by gaping grilles on luxury cars, the BMW 5-Series takes a relatively conservative approach to its styling. It arguably echoes the traditional BMW aesthetic more than any other car in their lineup right now, with its proportionally-sized kidney grilles and crisp lines. The 5-Series doesn’t shout its presence to the world, but rather subtly sets it forth.

Superb powertrains. The 5-Series is offered with five powertrains for 2023 and they all impress. The base 530i is powered by a turbocharged 2.0L four-cylinder making 248 horsepower and 258 lb-ft of torque. Those don’t sound like particularly impressive numbers, especially in a nearly 3,800 lb luxury sedan, but the 530i gets to 60 in under six seconds and feels plenty substantial.

Spend an extra $1,600 on the 530e, and you benefit from a plug-in hybrid system attached to the same four-cylinder. The 530e gets you 44 more hp and 52 more lb-ft than its gas-only sibling, as well as up to 21 miles of all-electric driving.

The 540i might just be the sweet spot of the 5-Series lineup. In it, you will find a turbocharged 3.0L inline-six mild-hybrid system developing 335 hp and 332 lb-ft. It gives you that classic BMW straight-six sweetness with a little extra juice. Power is smooth and on-demand throughout the rev range.

Although occasionally lost in the shadow of the M5, the M550i is a seriously fast car in its own right. Its 4.4L twin-turbo V8 churns out 523 hp and 553 lb-ft of torque, enough to propel the M550i to 60 in 3.8 seconds.

The M5 is a force to be reckoned with. Its mighty V8 sends 617 hp and 553 lb-ft to all four wheels and hustles to 60 in just 3.1 seconds. This block has been around for a while, but BMW has squeezed every ounce of power out of it and it shows in a major way.

Fun suffers in the name of luxury. Now don’t get us wrong, the 5-Series is a capable performance car at any spec. However, BMW has been more committed to comfort as opposed to pure driving enjoyment in recent years, and that feels true here.

Even though the 5er is more than competent in the corners, the steering and suspension seem to err too much on the side of comfort as opposed to providing feedback from the road. Keep in mind there’s nothing inherently wrong with this, and it seems to be what the market is dictating, the calling the 5 the Ultimate Driving Machine may be a bit of a stretch.

The M5 is still an entirely different animal though. Its suspension is much firmer and it practically begs to be thrashed around. It also benefits from a phenomenal all-wheel drive system that favors a rear bias, offering both the poise of all-wheel drive and the shenanigans of rear-wheel drive.

BMW 5-Series

Comfortable and spacious. The 5-Series’ cabin is both adorned with premium materials and generously roomy. Even the rear seats offer a solid 36.5” of rear legroom, but BMW engineered the roofline to make it feel even more spacious than that. The trunk holds a more than adequate 14 cubic feet of cargo room, although the 530e’s hybrid workings mean it can only accommodate 10.

Options can get pricey. Although plenty of goodies are standard, many of the 5-Series’ options are only available in the form of expensive packages. That’s not an uncommon practice in the luxury world, but don’t act all surprised when your M5 costs $130,000. Although they can be selected individually, one specific gripe is that leather seats are optional on the lower trims. We will cede that the synthetic material that comes standard is pretty convincing though.

Reasonable on gas. The non-V8 5-Series models are pretty frugal for a car this size. The 530i is good for ratings of 25 mpg city, 33 highway, and 28 combined. The 530e PHEV is slightly less efficient at 26 combined, but you can putter around in electric mode for 21 miles. The 540i’s mild hybrid system actually makes it the more economical choice with 27 mpg combined. Models fitted with AWD take a one mpg hit.

Predictably the V8s are thirstier, with the M550i earning a rating of 20 mpg combined, while the M5 gets a dismal 17 mpg.

Final thoughts. The 2023 BMW 5-Series is a capable executive sedan, and there’s seemingly a model for everyone. Even the base 530i can put a smile on your face, and we think the 540i offers a great blend of value, performance, and comfort. The M5 really is a special performance car. There are not too many cars that can carve up a racetrack and then waft you home in superb comfort.

We do wish the non-M models offered a bit more of an engaging driving experience, and BMW can get you with pricey options, but the G30 5-Series is an excellent car. We’re hoping BMW can continue upon it when they unveil the G60 for the 2024 model year.

Check prices for the 2023 BMW 5-Series »

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Specs & Features

Overall Crash Safety Rating
Not Available
Engine - Cylinders/Horsepower/Torque
2.0L I-4 / 248 HP / 258 ft.lbs.
Drive Type
Fuel Economy - City/Highway/Combined
25 / 33 / 29 Mpg
Passenger Capacity
Bumper to Bumper Warranty
48 Months / 50,000 Miles
Mechanical Specs
Engine - Cylinders/Horsepower/Torque
2.0L I-4 / 248 HP / 258 ft.lbs.
Drive Type
Fuel Economy - City/Hwy/Combined
25 / 33 / 29 Mpg
4-wheel Disc
Front Suspension
Double Wishbone
Rear Suspension
Independent Multi-link
Spare Tire And Wheel
Compact Steel
Fuel Tank
18.0 Gal.
Recommended Fuel Type
Premium Unleaded
Average Cost To Fill Tank
Dimensions & Capabilities
Maximum Cargo Volume
14.0 Cu.ft.
Passenger Volume
99 Cu.ft.
Exterior Length
195.8 "
Exterior Width
73.5 "
Exterior Height
58.2 "
Front Headroom
38.8 "
Rear Headroom
37.5 "
Front Legroom
41.4 "
Rear Legroom
36.5 "
Front Shoulder Room
58.7 "
Rear Shoulder Room
55.9 "
Front Hip Room
Rear Hip Room
Curb Weight
3,765 Lbs.
Wheel Base
117 "
Turning Radius
19.7 '
Exterior Features
Door Count
4 Doors
18.0 " Silver Aluminum / 20.0 " Machined W/painted Accents Aluminum / 18.0 " Machined W/painted Accents Aluminum / 19.0 " Machined W/painted Accents Aluminum / 19.0 " Black Aluminum
Clearcoat Monotone / Metallic Monotone
Exterior Mirrors
Dual Heated, Power Remote Driver, Power Remote W/tilt Down Passenger
Grille Moldings
Chrome / Black
Rear Spoiler
Stainless Steel With Chrome Tailpipe Finish / Stainless Steel With Dark Chrome Tailpipe Finish
Interior Features
Passenger Capacity
Seat Trim
Sensatec Leatherette / Dakota Leather / Nappa Leather
Front Seat Type
Sport Bucket / Bucket
Heated Front Seats
Driver And Front Passenger Heated-cushion, Heated-seatback
Front Driver Seat Direction Controls
(12-way Power)
Front Passenger Seat Direction Controls
(12-way Power)
Front Armrests
(12-way Power)
Rear Armrests
Rear Seats
40-20-40 Bench
Radio & Infotainment
Siriusxm Am/fm/hd/satellite, Seek-scan
12 / 16 Harman/kardon
Radio Steering Wheel Controls
Apple Car Play
Android Auto
Bluetooth w/ Hands-Free Connectivity
Convenience Features
Steering Wheel Type
Power Telescopic Tilt Style
Climate Control
Automatic Air Conditioning
Cruise Control
With Steering Wheel Controls
Sun Roof
Express Open/close
Rearview Mirror
Auto-dimming Day-night
One Touch Open Window
Front And Rear
Tinted Windows
Vanity Mirrors
Dual Illuminated
Remote Keyless Entry
Keyfob (all Doors)
Power Outlets
Safety Features
Overall Crash Safety Rating
Not Yet Available
Overall Front Crash Safety Rating
Not Yet Available
Overall Side Crash Safety Rating
Not Yet Available
Rollover Crash Safety Rating
Not Yet Available
Front Impact Airbags
Driver And Passenger
Driver Side Impact Airbags
Seat Mounted
Knee Airbag
Passenger Side Impact Airbag
Seat Mounted
Rear Side Airbag
Seatbelt Pretensioners
Anti-Lock Brakes
4-wheel Anti-lock Brakes (abs)
Forward Collision Warning
Frontal Collision Warning W/city Collision Mitigation Forward Collision Mitigation
Blind Spot Sensor
Active Blind Spot Detection Blind Spot
Lane Departure Warning
Lane Departure Warning With Steering Correction Lane Departure / Lane Keeping Assistant With Side Collision Avoidance Lane Departure
Autonomous Cruise Control
Extended Traffic Jam Assistant Hands-off (with Lane Change) Steering Assist
Pedestrian Detection
City Collision Mitigation Front Pedestrian Detection Prevention
Driver Attention Alert
Active Protection Driver Attention / Driver Attention
Daytime Running Lights
Auto High Beams
High Beam Assistant Auto High-beam
Adaptive Headlights
Directionally Adaptive
Parking Sensors
Park Distance Control Front And Rear
Security Systems
Security System
Panic Alarm
Ignition Disable
Bumper To Bumper Months Miles
48 Months / 50,000 Miles
Major Components Months
48 Months / 50,000 Miles
Included Maintenance Months
36 Months / 36,000 Miles
Roadside Assistance Months
48 Months / Unlimited Miles
Corrosion Perforation
144 Months / Unlimited Miles
Accessories Months

Used 2023 BMW 5-Series for Sale

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