Wangan Midnight: Maximum Tune 5 is the seventh game in the Wangan Midnight: Maximum Tune street racing series based on the Wangan Midnight manga. As with most of the previous games in the series it builds on all the features of the latest title with some new elements. For the US release of the game a larger amount of content is new (e.g. Japan Challenge, BANAPASSPORT, several courses and cars) as the previous title Wangan Midnight: Maximum Tune 4 was not released in the US.

The Extreme VS for the local multiplayer for up four players is a new version of the classic VS mode. It provides more variety by reversing the start and goal points of the courses, making everything backwards. In addition all race information, remaining distance, curve warnings, the mini-map, rival distance, and all other race-aiding information is hidden, and the race distance changes every time. The existing VS mode is however still available and players vote which one they want to race. The VS mode is enhanced with a new grading system. Now four types of medals are rewarded ("VS Medal", "1 Car Outrun Medal", "2 Cars Outrun Medal", and "3 Cars Outrun Medal"). These medals increase the VS ranking to compare against other players and they also provide Auro Motifs with pictures that are added to the car profile. These Strength Auras can be turned off or swapped in the separate Wangan Terminal.

Entirely new courses for the series are the Ikebukuro Line/Yamate Tunnel, Shibuya/Shinjuku Line (Sub-center Area) and Mt Taikan. There are new cars as well as new manufacturers: Audi, BMW, Dodge and Mercedes Benz. 27 cars are entirely new for the series, but some are only available in specific regions (e.g. Asia / Japan / US) or added through later updates. The Maxi Coins introduced in the previous game were renewed as Ghost Victory Trophies and carried over. There are also new background music tracks.

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