Used 2020 BMW 7 Series for Sale nearChicago, IL

How much does the 2020 BMW 7 Series cost?

Prices have softened 9.92% compared to this time last year, making it a favorable time to shop this model year.

There are 460 listings available, which suggests a meaningful amount of inventory to compare.

Is the 2020 BMW 7 Series a good car?

Generally — the 2020 BMW 7 Series earns a 4.36/5 user rating, which points to strong owner satisfaction. Owners consistently praise its powerful performance, luxurious feel, and smooth ride, and they also appreciate the impressive features. For your use case, that makes it a compelling fit if you want a full-size luxury sedan that leans into comfort, technology, and driving enjoyment, though the size can feel overwhelming for everyday use. With 29.6% of listings marked as good or great deals, there is still some room to shop selectively.

Is the 2020 BMW 7 Series reliable?

Owners rate it 4.36/5, a solid signal of long-term satisfaction.

Owner feedback highlights the car as powerful, luxurious, and smooth, and those are the kinds of traits that usually matter most when you want a sedan you can count on over time. At the same time, some drivers mentioned electronic components among their concerns, so long-term ownership risk is best managed by focusing on maintenance history and how well the car’s systems have held up.

What should I look for when buying a used 2020 BMW 7 Series?

At 71.3% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report so you can separate clean examples from cars with prior damage. After that, prioritize a thorough pre-purchase inspection, with extra attention on electronics, interior condition, and any signs of uneven wear or repair quality. Because this is a luxury sedan with a lot of equipment, condition matters as much as mileage when you compare listings.

Is now a good time to buy a used 2020 BMW 7 Series?

This is a moderate market for selective buyers, so you can shop with some leverage if you know what you want.

• Deal availability: 29.6% of listings are priced as good or great deals.
• Inventory: There are 460 listings available.
• Price trend: Prices have softened 9.92% compared with last year.
• Clean inventory: 71.3% of listings are accident-free.

If you find a listing below $32,078, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2020 BMW 7 Series's resale value?

The current average of $32,619 sits slightly below last year's $36,210.

That decline suggests the market has already absorbed a meaningful amount of depreciation, which can help future buyers but usually means less upside for a seller in the near term. If you buy well and keep the car in strong condition, you may be able to soften the impact of further depreciation. The model’s luxury positioning and owner satisfaction can help support demand, but resale will still depend heavily on mileage, condition, and equipment.

Vehicles with solid owner satisfaction ratings, like this model year's 4.36/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2020 BMW 7 Series or consider a different year?

If you're weighing the 2020 against nearby model years, here's how to think about it:

Choose the 2020 if:

• 29.6% of listings are priced as good or great deals.
• At 71.3% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 9.92% compared with last year.
• Owners rate it 4.36/5 — a solid satisfaction signal.

The bottom line: The 2020 is the right path if you want a full-size luxury sedan with strong owner approval, a softer used-market price, and enough inventory to shop carefully. If your priority is stretching your budget further, a nearby year may offer a different mix of pricing and availability, but the 2020 stands out as the better choice when you want a balance of value, satisfaction, and selection.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.