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I'll just add 2 cents.
I have a 2011 X5M and quite enjoy it. Each time I pull it out of storage and fire it up I think this is an awesome car. However, if I was in the market for a new used vehicle (SUV), I really like the X3 M40. Had several as loaners when the X5M was broken. I can say without a doubt the x3 m40i is fun to drive. I got to extensively exercise it driving from Estes Park Colorado to Boulder, Gephart BMW in 2018 when my x5M broke down (limp mode). Gephart gave me an M40i as a loaner. The M40i is a blast to drive, I'd buy it hands down over an E70 X5M if I didn't need the X5's towing capacity. I like the smaller size for parking and its very responsive and agile.
One thing to consider though. when you have an M the dealer rustles up a loaner for you even when they're "fresh out." aka there are privileges to M ownership.
I have not driven the x3M yet.
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