You can choose between the regular M5 sedan and the more focused M5 Competition. The standard M5 has a twin-turbocharged V8 producing 600 hp and 553 lb-ft of torque. It sends the power to an AWD system via an eight-speed automatic transmission. BMW's M xDrive AWD system is rear-biased, but you can detach the front axle entirely for full-on sideways action.
Standard features include adaptive LED lights, a power trunk lid, a 12.3-inch digital instrument cluster, a 12.3-inch touchscreen infotainment interface, power-adjustable front seats with heating, a heated steering wheel, four-zone climate control, wireless charging, wireless Apple CarPlay and Android Auto, and a 16-speaker Harman Kardon sound system.
The Competition boasts the same list of standard features, but the engine is tweaked to provide 617 hp. You won't notice the power difference, but you will notice the M Sport exhaust system, track mode, firmer engine mounts, and 20-inch alloys. The Competition also looks more aggressive thanks to Individual Shadowline lights and dark exterior trim.
The regular M5 has an MSRP of $103,700. The price of the BMW M5 does not include the $995 destination and the $1,000 gas guzzler tax. Adding the Competition Package takes the MSRP up to $111,300 without other options added.
There are a few packages worth mentioning, not the least of which is the $3,400 Bowers & Wilkins surround system upgrade. However, this can only be added in conjunction with the Executive Package. The Driving Assistance Professional Package retails for $1,700 and adds adaptive cruise control, traffic jam assist, and a few semi-autonomous features like steer assist and lane-keep assist. The $3,350 Executive Package adds a parking assistant, a surround-view camera with 3D view, a drive recorder, ventilated front seats, heated rear seats, a massage function for the front seats, soft-close doors, and a power rear window sunshade, and manual rear side window shades.
There's also the M Driver's package for $2,500, which ups the top speed to 190 mph and includes a one-day high-performance driving class. A moonroof is a no-cost option, as are red and black brake calipers. Track enthusiasts should definitely go for the fade-free M Carbon Ceramic brakes ($8,500).
It depends on how much track driving you do. If your M5 isn't going to see much track time, or none at all, go for the regular M5 and add the Executive Package for all the additional comfort features. You still get the ridiculous performance, but the regular M5 is more suited to daily driving.
If you're a track regular, the Competition is a must. The firmer ride will be a small sacrifice. If you will use it on the track, it's worth investing in the carbon ceramic brakes. The standard brakes can take a beating, but the carbon ceramics will remain fade-free. Regardless of which model you choose, all M5 configurations make a strong case for themselves.