Used 2016 BMW 5 Series for Sale nearVancouver, BC

How much does the 2016 BMW 5 Series cost?

Prices have softened 8.36% compared to this time last year, making it a favourable time to shop this model year.

There are 50 listings available, which gives you a modest amount of choice in the market.

Is the 2016 BMW 5 Series a good car?

Yes — 5/5 is a strong user rating for this model year. Drivers consistently praise its powerful performance, luxurious comfort, and extensive range of features. It also suits you well if you want a premium midsize sedan that still puts driving character ahead of pure comfort, while remaining easy to live with and well equipped. With 38.0% of listings marked as good or great deals, you have a decent chance of finding a competitive offer.

Is the 2016 BMW 5 Series reliable?

Owners rate it 5/5, a strong signal of long-term satisfaction.

The user feedback points to a car that many owners find dependable and trouble-free in day-to-day use, especially when it comes to the smooth driving experience and overall ownership confidence. That said, the model’s reputation is not spotless, and some buyers should pay close attention to maintenance history and how the car has been treated over time. For used buyers, long-term ownership risk is best managed by choosing a well-documented example and avoiding neglected cars.

Is now a good time to buy a used 2016 BMW 5 Series?

This looks like a moderate, selective buyer’s market, so you can shop carefully without feeling rushed.

• Deal availability: 38.0% of listings are priced as good or great deals.
• Inventory: There are 50 listings available.
• Price trend: Prices have softened 8.36% compared with last year.

If you find a listing below $16,324 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 BMW 5 Series's resale value?

The current average of $16,324 CAD sits slightly below last year's $17,812 CAD.

That price movement suggests the market has already adjusted downward, which can make the car easier to buy now but may also limit short-term upside for a future seller. If you plan to resell later, you should expect value retention to depend heavily on condition, mileage, and service records. A clean, well-kept example is more likely to hold buyer interest than one with deferred maintenance or a patchy history.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 BMW 5 Series or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 38.0% of listings are priced as good or great deals.
• Price trend: Prices have softened 8.36% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

The bottom line: If you want the 5 Series at a more approachable price and you value the model’s established mix of performance, comfort, and features, the 2016 is the sensible pick. If you are more price-sensitive and want to compare nearby years for the best value, keep shopping across adjacent model years and focus on the cleanest, best-documented example rather than chasing the lowest sticker price alone.

These recommendations are based on CarGurus' proprietary market data from October 20, 2026, CarGurus experts' opinions, and generative AI.