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I have been thinking of making the same trade, but coming from a 2003 3.0 X5. I decided to wait until next year, when the 530xiT is one year old.
On the upside, the performance is better than your 4.4, the handling is much better, the fuel consumption is better, and there is more luggage capacity, so more utility. They have done a lot to lighten the new 5, and it should make the car more tossable (need to check that one out). The X drive is a wash for you, it is an improvement over my 2003 model. The manual transmission is a plus for me personally.
On the downside, there is less headroom, and less towing capacity. There may be others but those are the two I have listed. The headroom is important for me (6'4"). I like the looks of the 530T, so that isn't a factor to me.
Yes, it will cost more, but it is in the same price range as most of the other vehicles I am looking at.
Good luck, and let us know what you decide.
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2007 X3 3.0si, 6 MT, Premium, White
Retired:
2008 535i, 6 MT, M Sport, Premium, Space Grey
2003 X5 3.0 Steptronic, Premium, Titanium Silver
2002 325xi 5 MT, Steel Grey
2004 Z4 3.0 Premium, Sport, SMG, Maldives Blue
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