BMW X5 or Honda Odyssey - 7 Seater, Dilemma!

we are in the crossroads where we are looking to get a 7 seater.. Honda Odyssey looks really comfortable and can accommodate 7 adults and is priced around $42K on the other hand, BMW x5 - 30d can accommodate 5 adults and 2 kids very comfortably and is priced around $100K.

Options
Honda - Repayment is $852 p.m. and cars mine in 5 years which I have to sell privately
BMW - Repayment is $1330 p.m. and car is leased for 5 years with 40% balloon and $10K down payment, can walk away from the car in 5 years

Having child seat in the last row on BMW x5, is that a good idea?

What are your thoughts! Need some decisioning power from you guys!

Love the X5, but Honda looks very comfortable but lacks the power and class of the bmw……..

Comments

  • +46 votes

    Honda unless the power and class are important to you.
    It's a lot more to pay to impress other people.

    • +6 votes

      Balloon holds risk (residual value risk), especially during structural change in the car market. Whats the chance x5 worth less than 40% in 5 years. Think about car clubs, electric vehicles, self driving cars. In terms of 4wd only land cruiser like vehicles hold strong value.

      Who needs a massive bill in 5 years during a period of flat wages growth?

      Bmw is a destination, not a car for the masses (in Australia at least).

      •  

        But wont they honour the 40% as part of the their plan.

        https://www.bmw.com.au/finance/downloads/bmw-full-circle.pdf

        Check this out

        •  

          Nice, devil is in the detail, look at acceptable use and condition policy and make sure its reasonable. I suspect that if resales go down they will take a keen eye to this aspect. They may have have tightened it to ensure the rv risk net is managed.

        •  

          @Artkin: From my experience BMW and the other prestige brands are very good at honouring their "guaranteed future value" amounts.

          In any event, the amounts are usually relatively low and the fair market price is in excess of the residual value anyway so you should have no problem selling the car privately.

        • -1 vote

          Hang on guys, we buy BMW/Mercs all the time, always gone with business bank financing, never considered that above option.

          Can I please clarify - so you have a 40% balloon at the end of 5 years, but BMW will guarantee the car is worth 40% of your purchase price, so at the end of 5 years, they will buy it back for 40% OR you can trade in?

        •  

          @Gallifr3y: That's right. Audi have the same deal too.

        •  

          @antt: hyper vigilance on my part given house price decline (impacts new car sales) and flow on effects, structural changes also weigh heavily on the decusion. Therr is no historical precendence for these headwinds and it is a contract…cheers

  • +13 votes

    i have the Honda Odyssey VTiL and here's my thoughts
    1. Under powered, can struggle with full load
    2. Rear seating is actually comfortable, not like a lot of other 7 seaters where you have to sit with your knees to your chest
    3. drives like a normal sedan
    4. bit long, so parking at shopping centres can be a bit of a pain. Would have been better if they had a tail lift boot
    5. pretty good fuel efficiency

    •  

      Thanks Mr. Super Saiyan (big fan of DB here)..

      my major concern is #1.. Not sure how it would perform in a hilly area. We live with quiet few ups and downs!! don't want to step on the gas and get the vehicle to move all the time

      • +4 votes

        It's not BAD, it would just have been better for the VTiL model to have a v6. Rest of the car I like. Having sliding doors nowadays is a godsend with the sheer number of people who fail to understand to park their car between the 2 lines

      • -1 vote

        ummm. doesn't 'stepping on the gas' make the car move? Think about how often you'll be at full load, then factor in getting used to driving a bit slower for those few times. It seems as though a lt of people think that unless you can get to 100 in under 8 seconds you have a slow car and if you cant tow a fully loaded caravan at the speed limit then the car wont cope. It's not true, you just need to drive differently (ie slower). A van isn't going to handle like a sports car either so there isn't a lot of point going faster around corners. I've been driving a car with a slipping clutch for a couple of weeks (new clutch arrives today) and I just have to take it a bit easier, it's not the end of the world.

      • +2 votes

        How often will you be driving around fully loaded?

      • +1 vote

        I concur with SupaSaiyan's comments; the Honda performance should be fine for most conditions, assuming you aren't carrying 6 passengers every day up steep hills with a/c blasting, you can expect reasonable acceleration (IMHO nothing less than a large 6-cylinder can balance the load sufficiently in those conditions).

        Having driven both, the Odyssey is more spacious, has a far better interior, standard features, build quality than the X-series, the Honda is more economical to fuel, service and repair; The X-series has arguably a more stylish exterior, performance, manoeuvrability. The resale is going to be comparable, most high-priced cars depreciate super fast in the first few years. For similar money to the X5 you should consider Audi Q7 which are more stylish, better appointed and more enjoyable drives than the X-series. Alternatively, the Tesla Model X is $1320/mo over 60mo + 20% downpayment and 40% balloon — this is a more future-thinking vehicle with petrol prices rising every month.

    • +3 votes

      Any comment on the tiny 40L fuel tank?

      • +1 vote

        i have the odyssey
        - the fuel tank is small, a bit annoying, have to fill up more often
        - the dash touch screen is a bit basic (no apple car play /android auto)
        - annoyed that no power tail gate
        - mildly annoyed no auto wipers
        - folding back seats down is mildly difficult

        good:
        - awesome comfort, space… really the best we could find.. can happily put in 6 adults.
        - drives good
        - cameras make parking easier (would be hard w/o them)
        - like being able to walk to back seats thru the centre aisle

        we were looking at tarago, kia, hyundai, vw as well

        pretty happy with the honda, had it about 6 months

  • +8 votes

    Have you factored in maitnenace/repairs and service costs into the decision making process?
    Nothing against the BMW but unless you are paying cash in full(which clearly isn't) I don't think you are ready to own the X5, financially at least!

    Also the X5 will deprecate heavily over the next 5 years compared to the Honda and not forgetting IC engine car values would be hit hard by 2023 with a major portion of car buyers(new or second hand) opting for an electric which would most definitely be cheaper to own and widely available by then.

  • +3 votes

    How about the Kia Sorento GT Line? Can be had for about 55k, is the x5 really any better?

  • +41 votes

    How are these 2 even comparable? Based on the fact that they both have engines, seats and a steeting wheel? Completely different cost and purpose of the vehicles.

  • +5 votes

    My mate has the X5 and a child seat will definitely not fit in the last row. The last row is really for kids only, an adult will not fit in there, trust me i have tried. It is a comfortable car no doubt but yeah if you want full sized last rows, def not worth the price IMO

  • +7 votes

    More towards the Honda - purely from a money view, 58K difference is alot of money..
    The BMW, does that include the luxury tax?

  • +4 votes

    2nd hand grey import Estima outright.

    • +3 votes

      Better do with Toyota Elgrand..

      • +10 votes

        You probably mean Nissan Elgrand or Toyota Alphard but both are the same sorta luxury People movers that are more tailored to VIP comfort lounge style seats than number of seats though. The estima is an actual 7 seater though

        • +2 votes

          Yup, my bad.. elgrand and alphard.. we saw like million alphards in HK doing good speed.. but don't think we can actually get any here.. And I also don't want to feel like a school bus driver.. Looks like odyssey is the way to go…

        •  

          @JunkCap: They are actually pretty decent to drive in my opinion especially on highways… have driven an Alphard before in Singapore. V6 so decent power as well but once again it is more a 6 seater max than 7 seater though. You can def find some here have a look at carsales as they are gaining popularity here as imports in recent years. But once again resale may take a bit of time due to it being unfamiliar to many Aussies

        •  

          @JunkCap:

          Don't know where you're from, but if you're in Melbourne you could try SSV.
          http://www.southernspecialvehicles.com.au

          They sell those elgrand cars - they look pretty good

        •  

          @JunkCap: I have a 2008 Estima Areas import and its the one with the V6 and 7 seats. Its an excellent car and feels smaller than it is when driving and parking. Plenty of room inside for 7 adults, and very comfortable.
          We have cruised up to Queensland and back in it and it was a very easy trip.

          Would very likely give the BMW a run for its money if speed is your thing, as its lighter and has a fair amount of power, no worries at all overtaking on the highway.

          I would highly recommend you take one for a test drive. If you are in sydney there are a few import dealers there. If not, just take a top spec tarago v6 for a run, they are basically the same thing, just a few more jap spec electronic bells and whistles on the Estima.

        • +1 vote

          Been as passenger on X5 and Alphard executive lounge and as passenger I will take alphard anyday. Alphard ooze with luxury and comfort where the X5 feel just like any other car.

          Alphard is in higher class than X5 so it might not fit OPs need.

        •  

          @pig:

          Alphard is in higher class

          These limousine movers aren’t cheap. A 2018 is $150k with all the latest tech and legroom.

  • +4 votes

    Honda > BMW for your circumstances. If you're looking for a 7-seater, I assume you'll generally have that many people in the vehicle, and if you do, you're not going to be gunning it anyway so any extra power is going to go unused for the most part.

    I'd say for you, practicality > basically everything else. So go the Honda. Get a proper decent BMW (M2 / M3?) once you have more money for a second weekend car, then you can really enjoy the power and the luxury and the status symbol.

  • +9 votes

    So 2 Honda's and 8 years worth of petrol or 1 BMW… hmmm decisions, decisions…

  •  

    Have you looked at the difference in service cost and insurance?
    Why do you want to sell the Honda in 5 years? (selling x5 makes sense)
    Do you really want to pay that much more to 'look good'?

    •  

      Just reading through the posts above .. kinda already feel like not going for the bmer…

    •  

      Looking better in the BMW is debatable.. I'm not against BM's by a long shot (I used to have a 7 series) but their SUV's look pretty bland IMO and I personally think the odysseys look pretty slick!

  • +4 votes

    Skip the X5 and go straight for an Aud Q7 - the third row aren't really adult friendly though (my wife who is 155cm and has sat in the third row on our recent drive from Sydney to Canberra and back, and did not enjoy the ride at all) Yes the car was full with my parents and in laws, thus her being stuck in the third row.

    Now, fork out $$$ for an SQ7 and you will be laughing at each and every traffic light ;)

    • +1 vote

      mate, I might have to get 4 odysseys, rent 3 and drive one for 5 years and make more $$$$$$$ before even thinking about SQ7

      • +1 vote

        Good luck with decision though ;)

        Value for money option is the Honda - no doubt about it; it has much lower initial cost by 50%, ongoing maintenance is likely to be less than any X5, depreciation again will suck for the X5 - think more than 50% loss after 4-5 years.

        Why not get a 2nd hand (2 to 3 year old) low mileage, fully optioned X5? That might be a compromise?

    • +3 votes

      You relegated your wife to the undersized third row? I'm not sure if you're a brave man or just stupid… glad to see you survived to tell the tale though.

    •  

      I don’t see why you’d chose a Q7 over an X5. The X5 is a lot cheaper for basically the exact same kind of car. The X5 has better engines, handles better and has a nicer interior. The Q7 has a better dashboard.

      •  

        Styling is a bit subjective; engine choices in both diesels are comparable; handling may be better in an X5 but I doubt many X5/Q7 buyers aren't going consider these cars on handling aspects as a first preference.

        The Q7 is a mighty big car with generous space inside, it's modern and contemporary, it should be as safe as most new cars out there and is very comfortable and quiet especially when driving. especially on the highway where it glides on those long distances.

        •  

          You literally haven’t addressed the biggest differentiator between the two. For all intents and purposes they are functionally the same. But the X5 is considerably cheaper. (Also doesn’t the 3L diesel in the Q7 only put out 150kw after dieselgate?). You can get a fully loaded X5 3.0d for between $100-110k.

        •  

          @Burnertoasty:

          Most decisions in life are subjective regardless of pricing.

          Some like BMWs, some like Audis, some might even like Lexus' … essentially the same car when you really think about it.

          I like green apples, you might like red apples. Different pricing sometimes but essentially still an apple.

        •  

          @DrunkOnTheGoodLife: Some people buy apples from Thomas Dux. They’re not as healthy, not as attractive, provide less roughage, but they’re $1 an apple instead of 50 cents.

    •  

      SQ7? Isn't that the peasant Bentayga?

  • +1 vote

    OP don’t buy an X5, there is a new model out in a couple of months.

  •  

    Stick out for the new X5 but you can always get the service package included in your negotiation.

  • +2 votes

    If you are asking this question, you are not in the league of BMW users.

  • +12 votes

    Have you considered that choosing the BMW option means you will pay $89,800 in payments over 5 years to own 60% of a vehicle that costs $100K? Driving that car might make you feel good, but you wouldn't be able to justify it on financial grounds.

    •  

      I see this all the time, if you cant buy the car outright it you should seriously consider buying one you can. I am yet to see one person who benefited from a lease that isnt unable to afford but needs the car for work. People are constantly talking up their lease credentials but the truth is if you got a good deal on the finance you got done hars on the price of the car.

  •  

    Vehicles we normal folks buy will never appreciate in value. Don't blow so much money on something that will never retain its value.

    You may want to look at the imports mentioned above: electric sliding doors on both sides might be more convenient than you'd expect…

    • +1 vote

      I strongly disagree. My 95 Civic with 4 inch pipes and full diaper catback should be worth bank.

  • +2 votes

    I have a Kia Sorrento platinum and I love it. Have 2 kids in car seats at the moment and planning on a 3rd. Last row seating is comfortable but Havnt had to use it yet. Has plenty of power to get around and that's in eco mode, put it in sports mode and it really goes. The Hyundai Santa fe is basically the same car just 1 or 2 features are different. I wouldn't pay for a BMW just because it looks/is more expensive or classy or whatever, I'd rather spend money saved on other things

    •  

      How is the fuel efficiency and would you be able to place the child seats in the last row??

      •  

        Mostly they don't bother with child seat points in the rear row because it isn't fun getting a little one buckled up when you have to climb over the middle row to do it.

        If you want that feature, or can put a child in one of those foam booster seat that don't need a top tether, then you might just need to get the van.

      •  

        Not sure what the specs are for fuel efficiency but I find it to be pretty good. I have only worked part time or been on mat leave since getting the car, so not driving to work 5 days a week. As for car seats in 3rd row I Havnt looked at doing that myself, but I know someone who has put their 5 ish yo in the 3rd row and they didn't seem to struggle too much. Would be hard trying to put an infant in the 3rd row though

  • +6 votes

    Wait. Loan for car? On ozbargain.

    Popcorn time

  •  

    it's no brainer, base model x5 costs double the price of top-of-the-range odyssey. go figure.

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