Having level 5 available honestly opens up tons of options that were not available before. A 90 minute commute is so much more palatable when you can be sleeping. So are road-trips.
I'm not sure making 90 minute commutes more palatable is going to be a good thing overall, unless we somehow incentivize reduced travel in other ways. Better distribution of amenities and logistical improvements, maybe... More distributed work environments, perhaps coworking spaces, but with a less-stupid business model.
$500 seems reasonable compared to loan payments, full insurance, and parking. The math may not make as much sense if you would otherwise own your car outright, though.
That's $17/day. If it gives you an extra hour a day and eliminates driving-based stress then it seems very well priced. Especially if it includes the car