2023 BMW Z4 price and specs

2023 BMW Z4 price and specs

BMW is making various tweaks to the Z4 for 2023, but bucking current trends by keeping prices unchanged.

The 2023 BMW Z4 will continue to be offered in sDrive20i guise for $90,900 before on-road costs and as an M40i for $133,900 before on-roads.

The sDrive30i won’t be a part of the updated range. Customer deliveries are expected to begin in early 2023 of the 20i and M40i.

Changes are largely cosmetic, with a new exterior styling package, a new wheel design, and fresh paint colours.

The new styling package brings a new design for the kidney grille with horizontal slats, as well as new side air curtain intakes for the front apron.

The rich purple Thundernight Metallic from the new 2 Series has been added to the Z4’s palette, alongside M Portimao Blue and Skyscraper Grey.

There’s also a new 19-inch M light alloy wheel design, finished in Bicolour Jet Black matte with a ‘diamond polished’ edge.

The optional M Sport Plus package also includes BMW’s M Lights Shadow Line treatment, swapping out the chrome headlight elements with black ones.

The Z4 is mechanically unchanged for 2023. Though its Toyota Supra platform-mate has gained a manual transmission in range-topping M40i guise, it has yet to be confirmed for the Z4.

The roadster also continues to feature BMW Operating System 7, even though recent BMW introductions have included the new Operating System 8.


  • 2023 BMW Z4 sDrive20i: $90,900
  • 2023 BMW Z4 M40i: $133,900

All prices exclude on-road costs.


The BMW Z4 sDrive20i is powered by a turbocharged 2.0-litre four-cylinder engine producing 145kW of power and 320Nm of torque, while the M40i is powered by a turbocharged 3.0-litre inline six with 285kW and 500Nm.

Both models are rear-wheel drive and use an eight-speed torque-converter automatic transmission.


The 2023 BMW Z4 uses 6.5L/100km on the combined cycle in sDrive20i guise and 7.5L/100km in the M40i.

It requires 98 RON premium unleaded fuel and has a 52L fuel tank.


The BMW Z4 measures 4324mm long, 1864mm wide and 1304mm tall on a 2470mm wheelbase.

Servicing and Warranty

The BMW Z4 is covered by a three-year, unlimited-kilometre warranty.

BMW offers Service Inclusive Basic packages that cover maintenance for either three years and 40,000km for $1450 or five years or 80,000km for $1800.


While the BMW Z4 doesn’t have a rating from ANCAP, the safety authority’s European counterpart Euro NCAP awarded it five stars in 2019.

It received an adult occupant protection rating of 97 per cent, a child occupant protection rating of 87 per cent, a vulnerable road user protection rating of 91 per cent, and a safety assist rating of 76 per cent.

Standard safety equipment includes:

  • Autonomous emergency braking
  • Blind-spot monitoring
  • Rear cross-traffic alert
  • Lane-departure warning
  • Four airbags
  • Reversing camera
  • Front and rear parking sensors

Standard Equipment

The sDrive20i comes standard with the following equipment:

  • Automatic LED headlights
  • Automatic high-beam
  • Rain-sensing wipers
  • 18-inch alloy wheels
  • 10.25-inch touchscreen infotainment system
  • 10.25-inch digital instrument cluster
  • 10-speaker sound system
  • Android Auto and Apple CarPlay
  • DAB+ digital radio
  • Satellite navigation
  • Launch control
  • Heated seats
  • Power-adjustable sports seats with memory
  • Dual-zone climate control
  • Autonomous parking assist

The M40i adds:

  • Adaptive suspension
  • Adaptive LED headlights
  • M Sport brakes with blue or red callipers
  • 19-inch alloy wheels
  • Proximity key entry
  • 12-speaker sound system
  • Head-up display


The M Sport Plus package costs $3500 on the sDrive20i and $2500 on the M40i, and adds:

  • Tyre pressure monitoring
  • M seat belts
  • M high-gloss Shadow Line treatment, including high-gloss black trim for the grille, headlights, and exhaust outlets

sDrive20i models also gain:

  • 19-inch bicolour light alloy wheels
  • M Sport brakes with blue or red callipers
  • Adaptive suspension

M40i models also gain:

  • Gloss black rollover bar and front bumper inserts
  • Body colour mirror caps
  • Metallic paint

Buyers can also pay $4000 for sDrive20i models with this package to include 19-inch M light alloy wheels, with either a double-spoke style or a V-spoke style that’s finished in Bicolour Jet Black matte.

The Precision Package for the sDrive20i costs $3600 and adds:

  • Heated steering wheel
  • Adaptive LED headlights
  • Ambient lighting
  • Driver and front passenger lumbar support
  • Harman Kardon sound system

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