Good points: Performance, headlights, seats. Needs improvement: Interior storage space, base stereo, complicated GPS
The good news for those who don't have the nearly $60,000 this model costs is that the redesigned BMW might create a slight sag in sales making it possible to get one nearer the $55,000 invoice listing. We have even seen these advertised for just over $50,000, but we're not sure of which options were included. Anyway you cut it, the 540i is a great car if you love to drive and some people may prefer the look of the old model over the sleeker appearance displayed on the new 7-Series. However, be warned that BMW is currently in the midst of a supplier strike and so some models may be in short supply. To be honest, you need to question whether or not you need the 290 horsepower V8 engine. The reason isn't just the added cost for fuel and insurance, but whether the 65 additional horsepower over BMW's six cylinder 530i is worth the extra $10,000. The lighter 530i handles quite well and delivers nearly 30 mpg on the road with satisfactory acceleration. The V8 is hard pressed to provide you with 24 mpg on premium, but does offer significantly better handling and chassis dynamics. The depreciation for the V8 is also a little more. The good news is that BMW has free maintenance for the first three years of ownership on both models so maintenance is the same during that time period. But, if you can afford it, get the V8. It is much better performing and caterers well to your affective domain.
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Good-bye old friend. Next year BMW plans on updating the 5 Series with a more modern looking model that promises more power and sophistication. In the meantime, this BMW remains a true family driving machine that provides handling, power, and room for five in a tidy, but pricey, package. 
Mom's view: This is a real jewel and I feel good driving it. The acceleration is immediate and continues brisk until you reach the speed limit, whatever that might be. The handling is tidy and the interior business-like. Of course, the cupholders are awful, and there is clearly a need for more interior storage. The rear seat was okay, but a little too firm for long trips, and the sun visors were not fitting with a car this expensive. The GPS was difficult for me to understand. It had too many buttons, too many options, and too many features. With time, I believe, operating the system would become second nature, but in the week we tested this black beauty I just wanted to drive it. 
