Used 2024 BMW 5 Series for Sale nearRichmond, BC

How much does the 2024 BMW 5 Series cost?

Prices have softened 12.61% compared to this time last year, making it a favourable time to shop this model year.

There are 24 listings available, which suggests a modest amount of inventory for you to compare.

Is the 2024 BMW 5 Series a good car?

Yes — you get a 5/5 user rating and a 7/10 expert rating, which points to broad appeal with some clear caveats.

The standout strength is Form and function at 8/10.

The main trade-offs are that BMW’s driving feel is less engaging than you might expect, and the car’s fuel economy falls short of expectations.

There are 16.7% of listings priced as good or great deals, so you still have some room to shop selectively.

Is the 2024 BMW 5 Series reliable?

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

BMW describes the 530i as quiet, smooth, and capable in everyday driving, with a refined powertrain and a supple ride. The 48-volt mild-hybrid system also helps efficiency, which supports the impression of a well-sorted drivetrain.

The first scheduled maintenance visit is on the house.

For used buyers, the main long-term ownership risk is less about outright durability than about whether the car’s high-tech systems and premium running costs fit your budget and expectations.

What should I look for when buying a used 2024 BMW 5 Series?

Key things to evaluate:

• Trim level: The 530i test car wears BMW’s current minimalist styling and M Sport treatment, with a luxury-focused cabin that uses the BMW Curved Display and iDrive controls. Base-trim feature gaps matter here because many of the more desirable touches on the test car came from option packages rather than the core model.
• Powertrain: The 530i uses a turbocharged 2.0-litre four-cylinder engine with 255 horsepower and 295 lb-ft of torque, plus a 48-volt mild-hybrid system. All-wheel drive is standard in Canada, and BMW estimates 5.9 seconds to 96 km/h.
• Safety package: Standard equipment includes forward-collision warning with automatic emergency braking, lane-departure warning with lane-keeping assist, and blind-spot monitoring. The Driving Assistant Professional Package adds adaptive cruise control, lane-centring assist, evasive steering assist, lane-change assist, and emergency stop assist.
• Infotainment: You get a 12.3-inch digital instrument panel and a 14.9-inch touchscreen running BMW Operating System 8.5. Wireless Apple CarPlay and Android Auto are included, along with connected services and SiriusXM 360L; optional wireless smartphone charging is also available.
• Fuel efficiency: BMW estimates 7.9 L/100 km in combined driving, while the test vehicle averaged 8.8 L/100 km over the week and returned 9.5 L/100 km on the evaluation loop.

Which 2024 BMW 5 Series trim should I buy?

The 2024 BMW 5 Series is offered in 1 trim level: 530i.

Here's the short version:

The 530i: This is the only gas-powered trim in the data, and it gives you the core 5 Series experience with standard AWD, the 255-horsepower turbo four, and BMW’s latest curved-display tech. It suits you best if you want the entry point to the lineup without stepping into the electric models. The safety package note is that the standard driver-assistance suite already includes forward-collision warning with automatic emergency braking, lane-departure warning with lane-keeping assist, and blind-spot monitoring.

Is now a good time to buy a used 2024 BMW 5 Series?

This is a moderate, selective buyer’s market, so you can shop patiently but still need to move quickly on the right car.

• Deal availability: 16.7% of listings are priced as good or great deals.
• Inventory: There are 24 listings available.
• Price trend: Prices have softened 12.61% compared with last year.

If you find a listing below $55,285 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 BMW 5 Series's resale value?

The current average of $55,285 CAD sits slightly below last year's $63,263 CAD.

That kind of price movement suggests the market has already adjusted downward, which can help you buy more confidently now. For a future seller, it also means resale value may depend more on condition, mileage, and equipment than on broad market momentum alone.

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

Is the 2024 BMW 5 Series safe?

The 2024 BMW 5 Series earns a Top Safety Pick rating from IIHS.

It earns a 6/10 safety score from our experts.

BMW equips the 530i with standard forward-collision warning with automatic emergency braking, lane-departure warning with lane-keeping assist, and blind-spot monitoring. The available Driving Assistant Professional Package adds adaptive cruise control, lane-centring assist, evasive steering assist, lane-change assist, and emergency stop assist, plus hands-on and hands-free semi-autonomous driving functions on approved highways.

A key caveat is that it does not earn the higher Top Safety Pick+ rating because it has not been assessed in a new moderate-overlap frontal-impact evaluation.

Should I buy a 2024 BMW 5 Series or consider a different year?

If you're weighing the 2024 against nearby model years, here's how to think about it:

Choose the 2024 if:

• 16.7% of listings are priced as good or great deals.
• Price trend: Prices have softened 12.61% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• The 2024 stands out for its redesigned, high-tech cabin and standard AWD in the 530i.

The bottom line: If you want the newest 5 Series with the latest tech, standard AWD, and a market that has already softened, the 2024 is the one to target. If you are more price-sensitive, keep shopping the used market for the best-equipped example at the lowest mileage you can find, because the current pricing trend gives you some negotiating room.

These recommendations are based on CarGurus' proprietary market data from November 4, 2026, CarGurus experts' opinions, and generative AI.