2023 BMW M5Competition

Start with the pricing gap. The median comparable price for this model sits at $60,949—meaning you're being asked to pay $27,000 (44%) above market rate. The car's depreciation trajectory makes this worse. At 29,000 miles on the odometer, this M5 has already lost substantial value from its original price, yet it's listed as if it's appreciating. The current market estimate of $54,878 suggests the asking price is fundamentally disconnected from reality.

But pricing is secondary to the real disqualifier: mileage. At 23,333 miles per year, this car far exceeds acceptable thresholds. For context, standard practice caps annual mileage at 6,000 miles for vehicles in this category. You're looking at nearly four times that rate, which signals either heavy commercial use or a vehicle that's been driven hard. That kind of mileage history compounds maintenance costs (already estimated at $3,500 annually) and accelerates wear on high-performance components.

The one bright spot: no open recalls and a clean financing structure. That's not enough to salvage this deal.

Your next move is simple: pass. If you're interested in this model year, use the median comp price of $60,949 as your ceiling and walk away from any listing above that threshold. This asking price isn't a negotiation starting point—it's a sign the seller hasn't done their homework.