ITS all about saving some coin with a repositioned M range.

BMW Australia has wound back prices on the M3 and M4 by upwards of $15,000, with the former now $139,900.

And now BMW has taken the knife to the M5 line-up with a trio of limited-edition M5 models that come with the 423kW Competition pack for the 4.4-litre twin-turbo V8.

Better still is the new Pure, albeit with less equipment, that drops the price of M5 entry from $229,000 to $185,000. Those wanting more kit including a 16-speaker Bang & Olufsen sound system and nicer trim throughout can opt for the Nighthawk or White Shadow packs, each more expensive than the previous single-model M5.