Used 2024 BMW X5 for Sale nearOakville, ON

How much does the 2024 BMW X5 cost?

Prices have softened 10.18% compared to this time last year, making it a favourable time to shop this model year.

There are 160 listings available, which suggests a healthy amount of inventory for you to compare.

Is the 2024 BMW X5 a good car?

Yes — with a 4.8/5 user rating and a 7.7/10 expert rating, the 2024 BMW X5 lands strongly with both owners and our test team. The standout strength is Performance at 10/10.

Owners consistently praise its impressive technology, smooth hybrid performance, and comfort, and they also call out hands-free driving and electric range as favourites. In practical terms, that makes it a strong fit if you want a premium midsize SUV that feels rewarding to drive while still delivering everyday usability.

The trade-offs are clear: poor voice recognition technology and poor value for money are recurring concerns, and advanced safety features are not standard. Even so, if you want a luxury SUV that prioritises driving enjoyment and refinement, the X5’s appeal is easy to understand.

With 39.4% of listings marked as good or great deals, there’s enough market activity to give you some negotiating room.

Is the 2024 BMW X5 reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

Owners’ feedback points to a vehicle that feels reliable, smooth, and comfortable, with technology and electric driving range adding to day-to-day confidence. The overall impression is that this is a premium SUV you can count on for a polished ownership experience.

BMW’s powertrain and chassis tuning also support that impression, with the X5 described as having traditional Germanic driving characteristics and being screwed together with the utmost precision. That kind of build quality matters when you’re planning to keep a used luxury SUV for the long haul.

For used buyers, the main ownership risk is less about basic dependability and more about the cost of living with a premium vehicle if repairs or maintenance are needed.

What should I look for when buying a used 2024 BMW X5?

Key things to evaluate:

• Trim level: The X5’s styling has aged well, but the M Sport treatment is not universally loved, and the optional 21-inch wheels can add road noise and future tyre-replacement costs.
• Powertrain: You can get a turbocharged inline six-cylinder, a turbo-six plug-in hybrid, a turbocharged V8, or a higher-output turbo V8 in the X5 M Competition; the plug-in hybrid is the standout for blending performance with electric-only driving.
• Safety package: Highway Assistant hands-free driving assistance is available, but it must be deliberately activated and paired with Assisted Driving Plus cruise control mode; advanced safety features are not standard.
• Infotainment: The BMW Curved Display combines a 12.3-inch digital instrument panel with a 14.9-inch touchscreen, and you get wireless Apple CarPlay, Android Auto, and over-the-air software updates.
• Fuel efficiency: The xDrive50e plug-in hybrid is rated at 10.6 L/100 km in combined driving, and the test team recorded 6.0 L/100 km on one evaluation drive.

Which 2024 BMW X5 trim should I buy?

The 2024 BMW X5 is offered in 4 trim levels: xDrive40i, xDrive50e, M60i, X5 M Competition.

Here's the short version:

• xDrive40i: This is the entry point if you want the X5’s core luxury-SUV experience at the lowest price in the lineup. It gives you the standard six-cylinder formula and is the trim to consider if you want the most accessible path into the model without chasing extra performance or plug-in capability.
• xDrive50e: This is the best-value trim for most shoppers because it combines the strongest overall appeal: smooth hybrid performance, electric-only driving range, and the same rewarding driving character that defines the X5. If you want the version that best matches the model’s personality, this is the one to target.
• M60i: Choose this if you want more V8 power and are willing to pay for it. It suits buyers who care more about straight-line performance than efficiency or value.
• X5 M Competition: This is the full-performance choice for buyers who want maximum output and the most aggressive X5 experience. It makes sense only if you specifically want the top-tier performance model.

BMW’s Highway Assistant is available for 2024, but it is not a substitute for paying close attention to how the system is equipped on the specific trim you’re considering.

Is now a good time to buy a used 2024 BMW X5?

This is a moderate market for selective buyers, so you can shop carefully and still find worthwhile opportunities.

• Deal availability: 39.4% of listings are priced as good or great deals.
• Inventory: There are 160 listings available.
• Price trend: Prices have softened 10.18% compared with last year.

If you find a listing below $70,374 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 BMW X5's resale value?

The current average of $72,001 CAD sits slightly below last year's $80,163 CAD.

That price movement suggests the market has cooled, which can make the X5 more attractive to used buyers today but less favourable for a future seller trying to maximise return. If you buy now, you may benefit from softer pricing, but resale upside will depend on how well the market holds up over your ownership period.

The X5’s strong owner satisfaction should help support demand when it comes time to sell. Well-regarded luxury SUVs tend to stay on shoppers’ shortlists, especially when they combine comfort, technology, and a desirable driving experience.

Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, tend to retain buyer demand, which supports resale value over time.

Is the 2024 BMW X5 safe?

The 2024 X5 earns high ratings from the IIHS, although lower headlight ratings prevented it from earning an IIHS safety award for this model year. It earns a four-star overall rating from NHTSA.

It earns a 7/10 safety score from our experts.

BMW makes its Highway Assistant hands-free driving assistance system available in the X5 for 2024. It works with Assisted Driving Plus cruise control mode, and the system can operate subtly and effectively in the right conditions. Standard safety equipment is not described as comprehensive, so you should verify exactly which driver-assistance features are included on the specific vehicle you’re considering.

The main caveat is the headlight performance noted by the IIHS, along with some erratic braking behaviour observed during testing of the driver-assistance system.

Should I buy a 2024 BMW X5 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:

• 39.4% of listings are priced as good or great deals.
• Price trend: Prices have softened 10.18% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.
• It adds a substantial update, including the BMW Curved Display and available Highway Assistant.

Consider the 2025 if:

• At $85,022 CAD, the 2025 costs more than the current year's $72,001 CAD average.
• It mainly adds a limited-edition anniversary model and otherwise carries over.

The bottom line: If you want the better value, the 2024 is the smarter buy because it already benefits from the major update and softer pricing. If you’re willing to pay more for a newer model year with minimal changes, the 2025 is still an option, but price-sensitive buyers should focus on the 2024.

How does the 2024 BMW X5 compare to the 2024 Mercedes-Benz GLE?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.