2024 BMW X5 M60i: Is V8 Power Worth the Premium Price?

BMW’s 2024 X5 M60i has certainly caused a bit of sticker shock. Having experienced numerous luxury SUVs tipping over the $100,000 mark recently, mostly in the full-size category, the price tag on this mid-size model still raises an eyebrow. While those pricier SUVs often included a third row and expansive dimensions, the X5 M60i, even in its standard two-row configuration, commands a starting price north of $90,000, quickly escalating with options to over $105,000. This firmly positions the 2024 X5 M60i in the upper echelon of luxury SUVs, a segment where prices typically hover between $60,000 and $80,000.

Engine and Performance: The Thrill of the V8

While BMW offers more accessible versions of the X5, like the sDrive 40i and xDrive 40i with a potent 375-horsepower turbocharged inline-six, and even a plug-in hybrid xDrive 50e model boasting 483 horsepower, the M60i distinguishes itself with a roaring V8 engine. This isn’t just any V8; it’s a twin-turbo 4.4-liter powerhouse enhanced with a mild hybrid system, unleashing a monstrous 523 horsepower and 553 lb-ft of torque. This significant jump in power is a key factor driving the M60i’s higher price point.

The sound alone from this V8 is enough to stir any driving enthusiast’s soul. Engaging the Sport mode transforms the digital instrument panel with a flash of red, and the 2024 X5 M60i feels instantly ready to launch. A brief acceleration test on highway on-ramps confirms this, effortlessly reaching triple-digit speeds before needing to brake back to legal limits. The sheer exhilaration is undeniable, raising the fundamental question: is this level of performance worth the extra investment?

Ride and Handling: Luxury Meets Sportiness

True to BMW’s reputation, the 2024 X5 M60i delivers sharp, sport-sedan-like handling and precise steering. It feels planted and responsive, encouraging spirited driving. Yet, remarkably, this sporty demeanor doesn’t compromise ride comfort. Even with its performance focus, the X5 M60i provides a ride refined enough for daily family duties and luxury cruising. The adaptive suspension and upgraded M Sport brakes (14.7-inch front, 14.6-inch rear vented discs) contribute to both the dynamic handling and composed ride quality. Inside, the cabin remains impressively quiet, except for the satisfying V8 rumble that intensifies in Sport mode.

Interior and Features: A Luxurious and Tech-Forward Cabin

Stepping into the 2024 X5 M60i reveals a cabin that’s both stylish and functional. The test model featured a striking black and ivory leather interior, with optional ivory perforated Merino leather seats and elegant satin silver trim accented by real carbon fiber inserts on the doors, console, and dashboard. Power-adjustable front seats with extendable lower cushions, along with heated and cooled front seats and heated rear seats, prioritize passenger comfort. A panoramic sunroof expands the sense of spaciousness, while features like manual rear side window sunshades, a heads-up display, and a wireless charger add to the convenience.

The centerpiece of the dashboard is a large, curved display integrating a 12.3-inch driver information screen and a 14.9-inch infotainment touchscreen. The system is generally intuitive, offering customizable layouts and both touch and console dial controls. Puddle lights projecting a fan-shaped pattern enhance the premium feel at night.

Practicality and Space: Family-Friendly with a Focus on Luxury

The 2024 X5 M60i offers ample cargo space behind the second row, suitable for family needs. However, buyers requiring maximum cargo capacity or a third row might consider the larger BMW X7, which provides an additional 18 cubic feet of cargo room and seating for more passengers. While the X7 is larger and heavier, it’s worth noting that it also offers the same potent V8 engine found in the M60i, presenting an alternative for those prioritizing space without sacrificing performance.

Pricing and Options: The Cost of V8 Performance

The base price of the 2024 BMW X5 M60i starts at $90,295, including destination. However, the test vehicle’s price climbed to $105,745 with options. Notable extras included a $5,000 Ruby Red Metallic paint, $1,950 Ivory White Merino leather interior, a $2,100 Driving Assistance Pro package, a $900 Parking Assistance package, an Executive package for $1,650, a Climate Comfort package for $1,000, and $1,900 22-inch M wheels. Even seemingly minor trim upgrades like carbon fiber added $300 to the total. These options, while enhancing luxury and technology, contribute significantly to the overall cost, reinforcing the initial “sticker shock.”

FAST STATS: 2024 BMW X5 M60i

Hits: Powerful V8 engine, excellent handling and ride, all-wheel drive (AWD), quiet and luxurious interior, supportive heated/cooled front seats and heated rear seats, heated front armrests, panoramic sunroof, manual rear side window shades, heated steering wheel, large curved screens, heads-up display (HUD), multiple drive modes, power tilt/telescope steering wheel, wireless charger.

Misses: High cost, rear seats not cooled, large A-pillar/side mirror obstruction, self-tightening seatbelts, climate controls embedded in infotainment screen, premium fuel recommendation.

Made in: Spartanburg, S.C.

Engine: 4.4-liter twin-turbo V8 w/48V mild hybrid, 523 hp/553 torque

Transmission: 8-speed automatic

Weight: 5,355 lbs.

Wheelbase: 117.1 in.

Length: 194.2 in.

Cargo: 31-72 cu.ft.

MPG: 17 city/22 highway

MPG (tested): 17.5

Base Price: $90,295 (includes delivery)

Test Vehicle Price: $105,745 (with options)

Options (selected): Ruby Red Metallic paint, Ivory white Merino leather interior, Driving Assistance Pro pkg., M Sport Professional pkg., Parking Assistance pkg., Executive pkg., Climate comfort pkg., 22-inch M wheels, Carbon fiber trim.

Sources: BMW, www.kbb.com

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