Used 2023 BMW Z4
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2023 BMW Z4 Review
By Eric Brandt
Updated January 30, 2025
Pros
- Premium interior
- Sporty M40i model
- User-friendly tech
Cons
- No manual transmission
What's New?
- Standard M Sport Package
- New paint and wheel options
- Optional M Shadowline Lights
The BMW Z4 is a luxury convertible that’s both comfortable and fun to drive. The premium interior with a driver-centric cockpit and engaging driving experience makes it a proper driver’s car, which is always good to see from the BMW brand. It gets especially sporty if you opt for the exciting turbocharged 6-cylinder engine. The Z4 primarily competes with the Audi TT and Porsche 718 Boxster.
2023 BMW Z4 Pricing
2023 BMW Z4 pricing starts at $40,800 for the Z4 sDrive 30i Roadster 2D, which had a starting MSRP of $53,795 when new. The range-topping 2023 Z4 sDrive M40i Roadster 2D starts at $50,600 today, originally priced from $66,295.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
|---|---|---|---|---|
$53,795 | $40,800 | |||
$66,295 | $50,600 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 BMW Z4 models in typical condition when purchasing from a dealership. These prices are updated weekly.
Driving the BMW Z4
The driving experience of the BMW Z4 reflects its personality as a luxury sports car. In our testing, we found it comfortable in long-distance cruising and fun to drive when the road gets twisty. The Z4 is a fun sports car you can comfortably drive daily.
The enthusiast in us welcomes the available upgrades that make the Z4 more engaging to drive. The turbocharged 6-cylinder engine brings a significant performance boost with much more power and torque. If the M40i model doesn’t fit your budget, the 4-cylinder model is available with a Dynamic Handling Package. This option package adds upgraded M brakes, an M differential, and an adaptive M suspension.
Premium Interior
The BMW Z4 is a sports car that doesn’t forget it’s a luxury car. The interior materials are high-quality, and the design is both sporty and luxurious. We like the healthy bolstering in the seats, but they’re still comfortable for long-distance highway driving.
We also appreciate how the cockpit and center stack face the driver. It pleasantly reminds us of classic BMW driver’s cars from the past. The controls are easy to use, and everything feels ergonomically designed.
The trunk space of the Z4 is about average for a sports car this size.
Sporty Exterior
The BMW Z4 isn’t a typical, conservatively styled German luxury car. It has some striking body lines and a modern execution of the classic BMW kidney grille. Unlike some of its rivals, like the Audi TT, the Z4 is only available as a soft-top convertible with no hardtop coupe option.
Our Favorite Features and Tech
M Sport Package
The M Sport Package now comes standard on every BMW Z4. It bundles many sporty features like a special appearance package inside and out, M Sport seats, and an M Sport suspension system.
Eager engines
A choice of two turbocharged engines are available under the hood of the Z4: a 4-cylinder or a 6-cylinder. The 4-cylinder is quick and efficient, but enthusiasts prefer the more powerful 6-cylinder in the M40i model.
50/50 weight distribution
BMW carefully engineered the chassis of this roadster to achieve 50/50 weight distribution. The result is agile handling and a balanced ride at any speed.
BMW Live Cockpit Professional
This standard feature treats the driver to a customizable, high-resolution 10.25-inch digital gauge cluster. This screen can show you everything you want to see and nothing you don’t.
BMW iDrive 7
The BMW iDrive i7 infotainment system is user-friendly and packed with features. Wireless Android Auto and Apple CarPlay make it easy to access your apps without taking your phone out of your pocket.
Dynamic Handling Package
This option package for the sDrive30i model makes the 4-cylinder Z4 a better performer without the expense of the M40i. It has an M Sport differential, M Sport brakes, and an adaptive M suspension system.
Engine & Transmission
The 2023 BMW Z4 lineup offers a choice of two excellent engines.
255-horsepower 4-cylinder Engine
The standard engine in the Z4 is a turbocharged 4-cylinder mated to an 8-speed automatic transmission. It delivers satisfying power while returning good fuel economy for a luxury sports car. The lower price tag and better fuel economy make the 4-cylinder the value choice in the Z4.
2.0-liter turbocharged 4-cylinder engine
255 horsepower @ 5,000-6,500 rpm
295 lb-ft of torque @ 1,500-4,400 rpm
EPA city/highway fuel economy: 25/33 mpg
382-horsepower 6-cylinder Engine
For drivers craving more robust performance, the M40i model packs a turbocharged 6-cylinder that significantly improves performance. It uses the same 8-speed automatic transmission as the base engine delivering power to the rear wheels.
3.0-liter turbocharged inline 6-cylinder engine
382 horsepower @ 5,800-6,500 rpm
369 lb-ft of torque @ 1,800-5,000 rpm
EPA city/highway fuel economy: 23/31 mpg
More Z4 fuel economy information is available on the EPA’s website.
4-Year/50,000-Mile Warranty
The BMW Z4 is backed by a 4-year/50,000-mile bumper-to-bumper warranty. This coverage is typical of a luxury sports car.
2023 BMW Z4
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2023 BMW Z4 Values and Prices
Style | Trade-In Value | Private Party Value | Fair Purchase Price | ||
|---|---|---|---|---|---|
$35,600 | $37,600 | $40,800 | |||
$43,100 | $46,500 | $50,600 |
2023 BMW Z4 Depreciation
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2023 BMW Z4 Annual Depreciation
Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
|---|---|---|---|---|---|
2023 | - | $47,935 | $45,148 | ||
2024 | $4,106 | $43,829 | $41,021 | ||
2025 | $7,746 | $36,083 | $33,459 | ||
Now | + $1,517 | $37,600 | $35,600 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
2023 BMW Z4 Depreciation
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Specifications
Dimensions, Weights & Capacities
Curb Weight | 3314 lbs. | ||
|---|---|---|---|
Fuel Capacity | 13.7 gallons | ||
Front Head Room | 38.9 inches | ||
Front Leg Room | 42.2 inches | ||
Max Seating Capacity | 2 | ||
Overall Length | 170.7 inches | ||
Front Shoulder Room | 54.3 inches | ||
Wheel Base | 97.2 inches | ||
Width with mirrors | 79.7 inches |
Exterior
Adaptive Headlights | Available | ||
|---|---|---|---|
Alloy Wheels | Available | ||
Number of Doors | 2 doors | ||
Power Folding Exterior Mirrors | Available | ||
LED Headlights | Available |
Fuel Economy
City | 25 mpg | ||
|---|---|---|---|
Highway | 33 mpg | ||
Combined | 28 mpg |
Mechanical
Drivetrain | RWD | ||
|---|---|---|---|
Transmission Type | Automatic | ||
8 speed | Available | ||
Recommended Fuel | Premium | ||
Parking Assist System | Available |
Performance
Horsepower | 255 @ 5000 RPM | ||
|---|---|---|---|
Torque | 295 @ 1550 rpm | ||
Engine | 4-Cyl, Turbo, 2.0 Liter | ||
0 to 60 | 5.2 seconds | ||
Top Speed | 155 mph |
Warranty
Basic | 4 years / 50000 miles | ||
|---|---|---|---|
Powertrain | 4 years / 50000 miles | ||
Corrosion | 12 years / Unlimited miles |
Comfort & Convenience
Entertainment
Interior
Seating
Security
Technology
2023 BMW Z4 Safety
Safety Features & Technology
Driving Assistance Package
Driving Assistance Package
This package is available on both Z4 trims and adds parking sensors, blind-spot monitoring, and lane-departure warning.
Active Cruise Control
Active Cruise Control
Active Cruise Control is an individual option for the Z4. It can sense the car in front of you and automatically maintain a safe distance while the cruise control is on.
Automatic high beams
Automatic high beams
Automatic high beams come standard on every 2023 BMW Z4. This improves visibility on a dark country road but will adjust automatically so they don’t blind other drivers.
Compare to Similar Vehicles
 Used 2023 BMW Z4 |  New 2026 BMW Z4 |  Used 2023 Audi A5 |  Used 2023 Mercedes-Benz C-Class | ||
|---|---|---|---|---|---|
| Price | $40,800 | $57,275 | $36,000 | $39,900 | |
| KBB.com Rating | 4.3 | 4.5 | 4.6 | 4.6 | |
| Consumer Rating | 4.8 | 4.8 | 4.0 | 3.2 | |
| Fuel Economy | City 25/Hwy 33/Comb 28 MPG | City 25/Hwy 33/Comb 28 MPG | City 24/Hwy 31/Comb 26 MPG | City 21/Hwy 29/Comb 24 MPG | |
| Fuel Type | Gas | Gas | N/A | N/A | |
5 Year Cost To Own 5-Year Cost to Own includes out of pocket expenses like fuel and insurance, plus the car’s loss in value over time (depreciation). | N/A | $89,742 | N/A | N/A | |
| Seating Capacity | 2 | 2 | 4 | 4 | |
| Basic Warranty | 4 years or 50000 miles | 4 years or 50000 miles | 4 years or 50000 miles | 4 years or 50000 miles | |
| Horsepower | 255 @ 5000 RPM | 255 @ 5000 RPM | 201 HP | 255 @ 5800 RPM | |
| Engine | 4-Cyl, Turbo, 2.0 Liter | 4-Cyl, Turbo, 2.0 Liter | 4-Cyl, Turbo, 2.0 Liter | 4-Cyl, Turbo, 2.0 Liter | |
| Drivetrain | RWD | RWD | AWD | RWD |
2023 BMW Z4 Rankings
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FAQs
Is the 2023 BMW Z4 a good vehicle?
Yes, the 2023 BMW Z4 is a good car, as reflected by its above-average Kelley Blue Book rating of 4.3 out of 5.
What is the MPG for a 2023 BMW Z4?
2023 BMW Z4 city/highway fuel economy ratings range from 23/31 mpg to 25/33 mpg, depending on trim and equipment.
How much should a 2023 BMW Z4 cost?
Used 2023 BMW Z4 prices currently range from $40,800 for the sDrive 30i Roadster 2D to $50,600 for the sDrive M40i Roadster 2D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
What's the cheapest BMW Z4?
The cheapest 2023 BMW Z4 is the sDrive 30i Roadster 2D, with a Kelley Blue Book Fair Purchase Price of $40,800.
Is the 2023 BMW Z4 reliable?
The 2023 BMW Z4 is part of the 3rd-generation Z4, which our owners give an above-average reliability rating of 4.8 out of 5.