2024 BMW X5: Why It’s Still a Smart Buy in 2026
There’s a moment when you drop the windows in a 2024 BMW X5, hear the smooth snarl of its turbocharged inline-six, and realize this SUV drives more like a sports sedan than a two-ton family hauler.
That’s the magic formula that has kept the X5 at the top of the luxury SUV heap for over two decades. If you’re looking at a pre-owned 2024 model in 2026, you’re in an enviable position. You can sidestep the steep depreciation of a brand-new car and get what is essentially the same, fully-realized vehicle as the latest 2026 model for a much smarter price. This isn’t about settling for old tech; it’s about buying proven excellence at a discount.
TL;DR: The 2024 BMW X5 is a supremely intelligent buy in 2026. It offers 95% of what the new 2026 model does, including its powerful and efficient engines, luxurious cabin, and excellent driving dynamics, but for a significantly lower price. With its major mid-cycle refresh already behind it, the 2024 model is a mature, reliable, and high-value entry point into one of the best all-around luxury SUVs ever made.
Key Takeaways
- Nearly Identical to the New Model: The 2024 X5 received a comprehensive update. The 2026 model is a carryover with only two minor changes, making the 2024 a technical equal for less money.
- Depreciation Advantage: As a 2-3 year old luxury vehicle, the 2024 X5 has absorbed the biggest hit in value, offering far better value than buying new.
- Proven and Refined Package: Any early quirks from the 2023 update were worked out by the 2024 model year, ensuring you get a polished and reliable vehicle.
- Strong Engine Lineup: From the efficient 375-hp inline-six to the thrilling 523-hp V8 and clever plug-in hybrid, the powertrains are modern, powerful, and satisfying.
- No Compromise on Experience: You still get the superb driving position, high-quality materials, and the excellent iDrive 8 curved display that defines the current X5.
The 2024 X5 in 2026: Why It’s Essentially a New Car
To understand why the 2024 model is such a smart buy, you need to know what changed—and what didn’t. The fourth-generation BMW X5 (codenamed G05) launched for the 2019 model year. For the 2024 model year, it received a significant mid-cycle refresh (LCI). This wasn’t just new paint colors; it was a comprehensive overhaul of the front and rear styling, a completely new interior centered on the curved display, and updated technology across the board.
For the 2026 model year, BMW made almost no changes. Reviews and dealer comparisons state the 2026 X5 “rolls into the new year without any significant changes” and is “primarily a carryover model year”. This means the 2024 model you’re considering is the same fundamental vehicle being sold as brand new in 2026.
The Two Tiny Differences (And Why They Barely Matter)
According to detailed comparisons, only two functional differences exist between the 2024 and 2026 X5:
- Faster PHEV Charging (2026 only): The plug-in hybrid xDrive50e model for 2026 supports 11 kW AC charging, up from 7.4 kW in 2024. This reduces home charging time, a nice but not essential upgrade for most.
- Gesture Control Removal (2026 only): BMW removed the gesture control feature from the 2026 model. This gimmicky feature, which let you adjust volume with a finger swirl, was often criticized as more frustrating than useful. Its absence is arguably an improvement.
That’s it. The engines, horsepower, interior tech, safety systems, and driving character are identical. As a buyer, this knowledge is power. You’re not missing out on a “next-gen” experience.
The Value Proposition: Pay Less for the Same Thing
Here’s where the 2024 model shines. A new 2026 BMW X5 xDrive40i has a starting MSRP of $70,600. A clean, low-mileage 2024 example with the same all-wheel-drive inline-six powertrain can easily be found for $15,000 to $25,000 less. You’re avoiding the instant depreciation that hits the moment a new car drives off the lot, while still getting a vehicle that feels and drives like it’s fresh from the showroom.
“Both the 2025 and 2026 models carry forward the core strengths of BMW’s engineering… This consistency means both versions blend potent powertrains with refined interiors.” – Cooper BMW Comparison
Living With a 2024 X5: The Enduring Strengths
Beyond the financials, the 2024 X5 remains a compelling daily companion because its core attributes are simply excellent and timeless.
Powertrains That Please Everyone
The engine lineup is a highlight. The standout is the ubiquitous B58 3.0-liter turbocharged inline-six, found in the sDrive40i and xDrive40i models. With 375 horsepower, it’s silky smooth, powerfully responsive (0-60 mph in 4.4 seconds), and surprisingly efficient. It’s the gold-standard engine for a reason.
For those with a green conscience and a lead foot, the xDrive50e plug-in hybrid is a technological marvel. It combines a six-cylinder engine with an electric motor for 483 total horsepower and an EPA-estimated 38 miles of electric-only range. In real-world testing, reviewers achieved over 50 miles on a charge, making most daily commutes gas-free.
And for unadulterated performance, the M60i with its 523-hp twin-turbo V8 delivers supercar-like thrust (0-60 in 3.6 seconds) with a glorious rumble.
A Cabin That Feels Special Every Day
Step inside, and the 2024’s refresh immediately pays off. The cockpit is dominated by the BMW Curved Display, which elegantly blends a 12.3-inch instrument cluster and a 14.9-inch touchscreen. It runs the latest iDrive 8 software, which is intuitive, feature-rich, and supports wireless Apple CarPlay and Android Auto. The quality of materials—from soft-touch plastics to available Merino leather—is first-rate, creating an environment that rivals cars costing far more.
Always insist on a thorough pre-purchase inspection by a qualified BMW technician, focusing on tire wear, brake life, and a full diagnostic scan for any stored fault codes.
The Driving Experience: The “Ultimate Driving Machine” DNA
This is where the X5 separates itself from cushier, floatier rivals. Reviewers consistently praise its balance. “The X5 has plenty of grip and tight body control… The precise, well-weighted steering makes it easy – even enjoyable – to guide this sizeable chunk of metal,” notes WhatCar?. It’s engaging and stable on a twisty road, yet with the optional air suspension (standard on the PHEV), it soaks up bumps for sublime highway comfort. It’s this dual-personality that has defined the X5 for generations.
How the 2024 BMW X5 Stacks Up Against the Competition
In 2026, a used 2024 X5 competes not only with other used luxury SUVs but also with new base models from rivals. Here’s how it holds up.
| Model | Key Advantage | Consideration vs. 2024 X5 |
|---|---|---|
| 2024 BMW X5 (Used) | Best all-around balance of performance, luxury, tech, and now, value. | The benchmark. Offers higher performance and more engaging drive than most rivals for less money. |
| 2025+ Mercedes-Benz GLE (New) | Slightly plusher, more comfort-focused ride. | A new GLE costs significantly more. The X5 is widely regarded as more fun to drive. |
| 2025+ Audi Q7 (New) | Standard third-row seat; exceptionally quiet cabin. | Driving experience is less engaging. A new Q7 is a much larger financial outlay. |
| 2025+ Lexus RX (New) | Lower cost of ownership; renowned reliability. | Less powerful, less engaging driving dynamics, and doesn’t offer a six-cylinder or V8 option. |
| Porsche Cayenne (Used) | The sportiest handling in the class. | Comparable used models are often more expensive, and interior tech/space can be inferior. |
Frequently Asked Questions (FAQ)
Is the technology in a 2024 X5 already outdated?
Absolutely not. The 2024 model received the major tech update with the curved display and iDrive 8. The system is fast, modern, and supports over-the-air updates, so it will continue to improve. The 2026 model uses the same system.
What should I look out for when buying a used 2024 X5?
Service History: Complete records are non-negotiable. Prefer cars that followed the BMW Ultimate Care maintenance schedule.Tire Condition: These are heavy, powerful cars that can wear tires quickly. Check for even wear.Optional Equipment: Identify must-have options like the Driving Assistance Professional Package, air suspension, or the Bowers & Wilkins sound system.CPO Status: A Certified Pre-Owned BMW from a dealer adds a substantial warranty for peace of mind.
Is the plug-in hybrid xDrive50e a good choice?
It’s an outstanding choice if your daily driving is within its ~40-mile electric range. You’ll save on fuel, and it’s incredibly quick. Ensure you have a place to charge it regularly to maximize the benefit.
How is the reliability of the 2024 X5?
The X5 has average to above-average reliability for the luxury segment. The B58 inline-six engine has a particularly strong reputation for robustness. The key, as with any complex German vehicle, is diligent, documented maintenance.
The Smart Buyer’s Verdict
In the fast-paced world of cars, true greatness is measured by longevity. The 2024 BMW X5 doesn’t just hold up in 2026—it excels. By choosing the 2024 model, you make a rational, value-driven decision without sacrificing an ounce of the luxury, technology, or driving joy that defines a modern BMW. You get a vehicle that has already proven itself, avoided the worst of depreciation, and remains fundamentally identical to what’s on the new car lot today. It’s not a compromise; it’s a masterclass in intelligent luxury car ownership.
Would you prioritize the latest model year badge, or the tens of thousands in savings for the same essential experience? Does the idea of a barely-used, fully-refreshed X5 appeal to your practical side and your driving heart? Share your thoughts below!
