At 4-$5K you should have plenty to choose from. If you insist on new, a VPI Classic would be hard to beat. If you are looking for value (if not, you should be) consider a used higher end table here on Audiogon. You can find tables, with arms, that sold originally for $10K. I've seen a newer Goldmund Studio, with T3 arm, for around your budget range. Believe me, some vintage tables are real bargains and you will be the beneficiary. If you find one for less that you like, spend the rest on a great cartridge.
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Have a look at the Linn Majik LP12 for an upgrade within your price range.
Once you own the Majik LP12, there's a number of upgrades you can add (over time) to get to a fully loaded Linn Sondek LP12.
Linn Majik LP12:
There is Nottingham Ace Spacedeck with tonearm here for $1700 obo. I doubt you can do better for the money. Add to this $500-$1000 new cartridge and that's it. If you go for this table don't buy optional heavy kit, it will spoil the dynamics. Nor do you want VPI motor controller, it is no good for Nottingham.
But if you must spend $5k there are better tables at least used. There is also TW Raven table here new for $5k without tonearm.
I would stay away from VPI and Rega.
Have you ever thought of upgrading the arm? For under a grand you could try the Audiomods Rega. Drops right in now you have VTA adjustment and is a big step up from the stock Rega arm on the P5. Not to mention you still have the Rega arm to sell or put on another table.
I have a Majik LP-12... Im not a big fan at all, way way to sensitive to foot fall. I think for around $5k you can do a heck of alot better. I just don't see the value in this table. I am using an Adikt cartridge and the table just came back from being calibrated. It wears me out, It does't make me want to listen to my vinyl, actually makes me want to play CD's... I have owned it 3 months and can't wait to trade it in.
My suggestion is take 1 home first. I wish I had spent more time auditioning mine before I bought it.
I will probably try a VPI or a Nottingham next