I haven't driven the new M5 but I have driven the old E60 M5 a couple times. The old M5 definitely felt like a larger car than the M3 and didn't have the same "tossability" feel. The V10 engine was amazing and it definitely handled well for its size but I preferred the overall feel of driving my M3. I rarely have rear seat passengers so the increased size and price isn't worth it for me.
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