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View Full Version : So why not just buy vero for $40 a point? Is it a good or bad strategy?


MIALIAS
03-13-2012, 12:33 PM
If I buy 200 Pts at vero at 40 or bay lake at 90
I save $10,000! So the question is what percentage
Of the year will I NOT get into bay lake? Do
You think I could get in 50 percent of the time at the
7 month mark? More? Less? It's
$10,000?! What are your opinions on this?

Thank you!!

Homemom
03-13-2012, 12:53 PM
I think generally people will tell you to buy where you want to stay. At any time Disney could say you are only allowed to stay at your home resort. Plus keep in mind that Vero has the highest annual dues. 200 points at $7.12 is $1424 and 200 points at BLT at $4.23 is only $824 a year. Eventually that $600 extra a year will amount to more than the $10000 savings. Plus BLT has 18 more years on their contracts than VB.

juncker
03-13-2012, 12:55 PM
A lot of what you are going to be able to get at 7 months is going to depend on what you are asking for and when. During slow times, you should be able to get Bay Lake about 75% of the time at the 7 month mark, during busy times about 5%. You'll have better luck with 1 bedroom villas than studios or 2 bedrooms. Most of the time when you can get something it will probably be Lake view.

I think that a 50% success rate as a gauge would be close at the 7 month mark.

My thinking of the $40 Vero points is that it may be a good deal up front, but they have some of the highest maintenance fees of any DVC. I don't have the current rates, but I believe they were in the high $6/point range. You can get other resorts for about $2/point less. This may not seem like a big deal, but amortize this over then next 30+ years and it no longer is a deal. Assuming a $2 point difference and a 200 point contract, that is $400 per year, or $12,000 more in maint fees over the life of the contract. You can start spinning interest rates into the equation, but you can see that it adds up.

Now there is no guarantee what is going to happen in the future with maint fees. I think that we can assume that they won't be going down, but they may not go up at the same rate as other resorts.

If you want DVC for visiting DisneyWorld, I'd suggest you purchase an onsite property. We went with SSR. Contract goes an extra 12 years too giving it more resale value. This way, you can always get a place onsite at the 11 month mark and move at 7 months if available.

Unless you would be happy staying at Vero Beach, I wouldn't buy there. (Just my opinion)

missycj96
03-13-2012, 01:09 PM
The theory worka but because of the maintenance fee difference you will quickly make up the difference. A better version of that approach would be trying to get the best deal you can at ssr or okw, which have lower resale prices (though not as low as vero), much more reasonable due and are on-site. Thats what i did and have been very happy(i dont travel christmas or july 4). I have good luck at 7 monthr but i am flexible and like most of the resorts. I find i can get BLT but not necessarily the view i want - standard is hard as is mk. So you have to decide what is important to you.

chalee94
03-13-2012, 08:43 PM
Unless you would be happy staying at Vero Beach, I wouldn't buy there. (Just my opinion)

i agree.

it's a great deal except for the first time you get locked out of wdw at the 7 month window. (being unable to book at 7 months out is not common but it can happen)

there is also the risk for a coastal property of major storm damage - that would increase the already high annual dues.

there is also a small risk that if any resort is spun out of the DVC system, it would be VB.

disneynutz
03-14-2012, 12:44 AM
All of the beach resorts have the potential for storm damage and their maintenance is always higher. Something to think about.

If it seems to good to be true it probably is. If it really was a good deal, there would be zero contracts available because everyone would be fighting to buy there.

:earsboy: Bill

DVCconvert
03-14-2012, 07:16 AM
That $10K savings will be eaten up pretty quickly when you think that (at the moment) VB dues are $7.12 {the highest of all, and they always are there} vs $ 4.22 at BLT. At present you'll pay $580 per year more in dues at VB than you would at BLT.

This in addition to all the points made above...plus the fact it's almost a given that the VB dues will increase over the years at a faster rate than a non costal locations would not make me want to buy at VB if my primary reason for buying the points were not to use them at VB.

HTH

dbs1228
03-14-2012, 07:46 AM
I would do more research and also compare SSR and OKW into the equation. We bought SSR for 59.00PP and it was fully loaded, rented out banked points and put the proceeds towards the purchase price which brought it down to 49.00PP! Longer contract, less maintenance fees and and still had 2 years worth of points to use! Do the math, as you can see our SSR will cost us less then VB within a few years. Good luck

crisi
03-14-2012, 11:41 AM
If you want standard view of mk view at blt, buy your points there. If you don't care about the views, and staying at blt is a nice to have, not a need to have, look to ssr or okw. Factor in contract length as well, you get ten more years at ssr which if you are in your thirties or younger is probably a factor.

Don't buy out at vero, the difference between dues and the cost of a ssr contact make ssr a much better idea.