BMW M5 Competition Price Guide 2024
Overview of the BMW M5 Competition
The BMW M5 Competition is a flagship model in BMW’s M series, known for its exceptional performance, luxury, and advanced technology. Originally launched in 1984, the M5 has evolved significantly, with each generation bringing more power, better handling, and more luxurious features. The current model year continues this tradition, offering an exhilarating driving experience combined with everyday usability.
Current Pricing Details
Base Price
As of 2024, the starting price of the BMW M5 Competition is approximately $110,000 in the United States. In the UK, the base price is around £102,000, and in Australia, it starts at about AUD $273,600 before on-road costs. These prices include a wealth of standard features such as adaptive M suspension, M Servotronic steering, and a high-performance braking system.
Optional Packages and Pricing
To enhance the driving experience, BMW offers several optional packages for the M5 Competition:
- Ultimate Pack (£19,000): This package includes features like a premium sound system, advanced driver assistance systems, and additional luxury interior elements.
- Technology Plus Pack (£5,000): This includes adaptive cruise control, a head-up display, and other high-tech features.
Other individual options available include carbon-ceramic brakes, a Bowers & Wilkins sound system, and a variety of custom interior trims, which can significantly increase the overall price of the vehicle.
Price Comparison with Competitors
The BMW M5 Competition faces stiff competition in the high-performance sedan market. Here’s how it stacks up against some of its main rivals:
Mercedes-AMG E63 S
The Mercedes-AMG E63 S is a direct competitor to the M5 Competition. Priced slightly higher, the E63 S offers a similar blend of performance and luxury. However, the M5 Competition often edges out in terms of handling and driving dynamics.
Audi RS7
The Audi RS7 is another strong competitor, with a starting price slightly higher than the M5 Competition. While the RS7 offers a more avant-garde design and an estate option, the M5 Competition is favored for its sharper handling and more engaging driving experience.
Other Notable Competitors
Other competitors include the Porsche Taycan GTS and the Maserati Ghibli Trofeo. The Taycan GTS, an electric vehicle, offers similar performance but with the benefits of electric power. The Ghibli Trofeo, on the other hand, offers Italian flair and exclusivity but at a higher price point.
Performance and Specifications
Engine and Transmission
The BMW M5 Competition is powered by a twin-turbocharged 4.4-liter V8 engine that produces 617 horsepower and 553 lb-ft of torque. This engine is mated to an 8-speed automatic transmission, which provides seamless gear changes and contributes to the car’s impressive performance.
Acceleration and Top Speed
The M5 Competition can accelerate from 0 to 62 mph in just 3.3 seconds. With the optional M Driver’s Package, the top speed is increased to 190 mph, making it one of the fastest sedans on the market.
Interior and Comfort
Interior Features
The interior of the M5 Competition is a blend of luxury and sportiness. Standard features include Merino leather upholstery, M multifunction seats, and a leather-wrapped M steering wheel. The cabin is designed to provide maximum comfort and support, whether you’re on a long drive or pushing the car to its limits on a track.
Technology and Infotainment
The M5 Competition comes equipped with BMW’s iDrive 7.0 system, which includes a 12.3-inch digital instrument cluster and a 10.25-inch central display. Apple CarPlay and Android Auto are standard, providing seamless smartphone integration. The system also includes a premium Harman Kardon sound system, with an optional upgrade to a Bowers & Wilkins Diamond Surround Sound System.
Driving Experience
Handling and Ride Quality
The M5 Competition features adaptive M suspension, which provides a balance between comfort and performance. The car’s handling is precise, with minimal body roll, thanks to the M Servotronic steering and active roll stabilization. The car feels planted and confident, whether on winding roads or high-speed straights.
City vs. Highway Driving
In the city, the M5 Competition is surprisingly manageable, thanks to its compact dimensions and rear-wheel steering. On the highway, the car’s powerful engine and comfortable interior make long journeys a pleasure. The adaptive cruise control and lane-keeping assist further enhance the driving experience, providing both safety and convenience.
Future Prospects
Upcoming Models and Updates
Looking ahead, BMW plans to introduce a hybrid version of the M5, expected to debut as a 2025 model. This new version will feature a plug-in hybrid system, combining the existing V8 engine with an electric motor for enhanced performance and efficiency. The anticipated price for the hybrid model is expected to be higher than the current M5 Competition, possibly exceeding $120,000.
Buying Tips and Considerations
Best Time to Buy
The best time to buy a BMW M5 Competition is typically at the end of the model year, when dealers are looking to clear inventory to make room for new models. Additionally, keeping an eye out for manufacturer incentives and dealer promotions can help you get the best deal.
New vs. Used
While buying a new M5 Competition ensures you get the latest features and a full warranty, purchasing a used model can offer significant savings. Certified pre-owned (CPO) programs from BMW provide additional peace of mind, as these cars are thoroughly inspected and come with extended warranties.
Financing and Leasing Options
BMW offers competitive financing and leasing options for the M5 Competition. Leasing can be a good option if you prefer lower monthly payments and the flexibility to upgrade to a new model every few years. Financing, on the other hand, allows you to build equity in the car over time.
Frequently Asked Questions
What is the starting price of the BMW M5 Competition?
The starting price of the BMW M5 Competition is approximately $110,000 in the United States, £102,000 in the UK, and AUD $273,600 in Australia. This price includes a range of standard features, but can increase significantly with optional packages and individual upgrades.
How does the M5 Competition compare to the M550i?
The M5 Competition offers a more powerful engine, enhanced handling, and additional performance features compared to the M550i. While the M550i is a capable and luxurious car, the M5 Competition is designed for those who want the ultimate driving experience.
What are the most popular optional packages?
The most popular optional packages for the M5 Competition include the Ultimate Pack and the Technology Plus Pack. These packages add a range of luxury and high-tech features, enhancing both the comfort and performance of the vehicle.
Closing Thoughts
The BMW M5 Competition is a high-performance sedan that offers a perfect blend of luxury, technology, and driving excitement. While it comes with a hefty price tag, the combination of powerful performance, advanced features, and everyday usability makes it a worthwhile investment for car enthusiasts. Whether you’re considering a new or used model, the M5 Competition is sure to deliver an exhilarating driving experience.
