need CDP upgrade advice


I have an NAD M5 CDP...what CDP would be a significant upgrade? Or would an external DAC improve it enough? It can be new or used and would like to keep the cost at about $3000. I don't really need SACD capability as I only have a handful of them and do not intend on buying any more.

Bob
auralone

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My amp is a Jolida 1000RC if this helps in making any recommendations...I have Spendor S8e speakers and occasionally lug out the big old Klipschs for rock and roll. Thank you to those who have made suggestions.