Used 2024 BMW X5 for Sale nearOakville, ON

How much does the 2024 BMW X5 cost?

Prices have softened 15.35% compared to this time last year, making it a favourable time to shop this model year.

There are 183 listings available, which suggests you have some room to compare prices and equipment.

Is the 2024 BMW X5 a good car?

Yes — the 2024 BMW X5 earns a 4.83/5 user rating and a 7.67/10 expert rating. The standout strength is Performance at 10/10.

Owners consistently praise its smooth hybrid performance, comfort, and impressive technology, and they also highlight hands-free driving and electric range as favourite features. The X5’s use case is especially compelling if you want a premium midsize SUV that still feels engaging to drive, with the xDrive50e standing out as the plug-in hybrid version in the lineup.

The trade-offs are clear: voice recognition is weak, advanced safety features are not standard, and value for money is poor.

With 36.6% of listings marked as good or great deals, there are still worthwhile opportunities if you shop carefully.

Is the 2024 BMW X5 reliable?

Owners rate it 4.83/5, a strong signal of long-term satisfaction.

The owner feedback points to a dependable, trouble-free ownership experience, with buyers especially appreciating the X5’s smooth hybrid operation and comfort over time. The expert evaluation also reinforces that sense of durability by describing the SUV as precisely assembled and well put together.

BMW also notes that the xDrive50e’s electric range can help reduce fuel use in day-to-day driving, which can make ownership feel easier to live with. For used buyers, the main long-term risk is that premium complexity can still mean higher repair and maintenance exposure than you’d expect from a mainstream SUV.

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

Key things to evaluate:

• Trim level: The X5’s cabin and exterior presentation vary with the M Sport and M Sport Pro packages, and the test vehicle’s optional 21-inch wheels and full equipment package show how much the higher-spec versions can add. If you want the most polished feel, look closely at how the trim and option content change the overall experience.
• Powertrain: You can shop the turbocharged inline six-cylinder xDrive40i, the turbo-six plug-in hybrid xDrive50e, the turbocharged V8 M60i, or the X5 M Competition. The xDrive50e stands out for its stronger electric motor, 19.2-kWh battery, and 63-kilometre electric-only range.
• Safety package: BMW’s Highway Assistant hands-free driving assistance system is available, and it works with Assisted Driving Plus cruise control mode. It operates best in dense, slow-moving traffic or light traffic at higher speeds, but it is not a substitute for attentive driving.
• Infotainment: The BMW Curved Display combines a 12.3-inch digital instrument panel with a 14.9-inch touchscreen. You get wireless Apple CarPlay and Android Auto, over-the-air software updates, and BMW Operating System 8.5.
• Fuel efficiency: The xDrive50e is rated at 10.6 L/100 km in combined driving, and the test vehicle recorded 7.0 L/100 km on one mixed journey. It also achieved 6.0 L/100 km over a longer 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 starting price. It gives you the standard turbocharged six-cylinder setup and the broadest access to the model without stepping into the pricier performance variants.
• xDrive50e: This is the best-value choice for most shoppers because it adds plug-in hybrid capability, stronger electric driving range, and the most compelling balance of performance and efficiency. If you can charge at home, this is the one to target first.
• M60i: Choose this if you want the turbocharged V8 character and stronger straight-line performance, and you’re willing to pay more for it.
• X5 M Competition: This is the top performance choice for buyers who want maximum output and the most aggressive version of the X5.

BMW’s Highway Assistant is available, but you should verify which driver-assistance equipment is fitted on the specific trim and vehicle 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 with some leverage if you’re patient.

• Deal availability: 36.6% of listings are priced as good or great deals.
• Inventory: There are 183 listings available.
• Price trend: Prices have softened 15.35% compared with last year.

If you find a listing below $70,384 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 $70,400 CAD sits slightly below last year's $83,165 CAD.

That price movement suggests the market has cooled, which can make the X5 more attractive to used buyers today but less favourable for current owners hoping to sell at a premium. If you buy now, you may benefit from the softer pricing, but future resale gains could be more modest if the market stays at this level.

The X5’s premium positioning and strong owner satisfaction should still help support demand over time. Buyers in this segment often respond well to well-equipped examples, especially those with desirable powertrains and clean histories.

Vehicles with strong owner satisfaction ratings, like this model year's 4.83/5, tend to retain buyer demand, which supports resale value over time.

Is the 2024 BMW X5 safe?

The 2024 X5 earns high IIHS ratings, although lower headlight ratings prevented it from earning an IIHS safety award for this model year. The National Highway Traffic Safety Administration (NHTSA) gives the 2024 X5 an overall crash-test rating of four stars, one below the maximum five-star rating.

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

BMW makes its Highway Assistant hands-free driving assistance system available, and it works with Assisted Driving Plus cruise control mode. Standard operation relies on deliberate activation through the infotainment safety menu and steering wheel controls, and the system uses clear indicators on the digital display and head-up display when it is ready.

The system includes lane-centring assistance and adaptive cruise control behaviour that can work well in traffic and on curves. That said, the expert evaluation also notes some errant braking episodes, so you should treat it as a convenience feature rather than a reason to relax your attention.

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:

• 36.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 15.35% compared with last year.
• Owners rate it 4.83/5 — a strong satisfaction signal.
• The 2024 update adds the BMW Curved Display and a more modern cabin layout.

Consider the 2025 if:

• At $84,735 CAD, the 2025 costs more than the current year's $70,400 CAD average.
• It mainly carries forward the 2024 update with no major changes.

The bottom line: If you want the better value, the 2024 is the smarter buy because pricing has softened and the model still feels current. If you’re price-sensitive, the 2024 gives you the stronger case; if you want the newest example and don’t mind paying more, the 2025 is the cleaner but costlier alternative.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.