mustinjourney
DIS Veteran
- Joined
- May 8, 2016
Ok -- so I'm looking at adding on a 25 point direct purchase in order to get the current AP discounts, which will also give me TIW card access as well. Other DVC member benefits aren't that big of a deal, since we live out of state and will not likely make any of the other extras. I understand member benefits can and will change -- but I'm thinking they might stay fairly constant the next year or two.
I called DVC sales and he basically said I could get anywhere right away, with the exception of BCV, VGF and VGC...which are the three that I would be most interested in adding.
I currently own 150 DEC at VGF and am in the process of closing on 130 APR at VGF.
My ultimate goal was to get 25 points at BCV in APR so that we could go to F&W every other year for 3 or 4 nights. That gives me a nice UY for F&W that aligns with one of my VGF contracts. While I would only get member privileges until 2042, I am fine with that since I'm really only looking at having this for the next 10-20 years anyways.
BCV direct is at 160 points, and roughly around $115-$120 or so resale for a not stripped, small contract), so the extra expense is about $40-$45 dollars per point to buy direct. With that said, I haven't seen any 25 point contracts for sale at BCV at all -- so not sure what the market price would be.
I will be purchasing at least three APs this next year (2 in Nov and 1 in Jan 2017), which means DVC membership gives me a savings of $300 ($12 per point if buying 25 points), plus if I buy the DEC UY for BCV, I can get 2015 points for "free" -- which is probably equal to another $10-$15 a point in utility value. Therefore, direct purchase would save me about $25 per point just in the first year (this doesn't account for lower closing costs, which would probably be another $100-$200 over resale). If we do APs another time, we will be buying four of them, which means the savings would be around $400 (have to buy one for the kid that just turned 3), which is another $16 per point savings.
Essentially, that is a $41 per point "discount" after just 13-15 months of ownership, which brings $160 down to $119 a point. This almost seems like a no brainer to me. I have the cash in hand to pay for the purchase, so there is not a money issue involved. It's just that my wife is an engineer that needs solid numbers to convince her it's a good idea, and she's already a little shocked after spending around $40,000 for the current 280 points we have.
Am I missing any other items that would put it more in my favor?
Fall back might be to buy BWV right before our trip in November in order to get the discounts for APs and TIW -- but I think, based on the pictures and video tours I've seen online, that we prefer the style of BCV over BWV. We absolutely loved VGF when we stayed there last February -- and BCV seems to be a little more high end feeling than BWV.
That and that clown scares the sh*t out of my wife.
At a minimum, I would think that I could buy a 25 point direct BWV contract, strip it and then sell it for about $105 (net about $90 per point after realtor fees and other fees). If I got a DEC UY, I could use 2015/2016/2017 points for a stay for F&W in Fall 2017 which means that I would have paid about $10 for those 75 points ((119-90)*25/75). Throw in MFs for 2017 that the new buyer wouldn't pay for and I'm up around $15-$16 a point -- which is what you'd pay to rent/transfer those points.
But if I kept the contract longer than a few years, it would seem to pay for itself rather quickly.
Any comments/thoughts/advice would be appreciated.
I called DVC sales and he basically said I could get anywhere right away, with the exception of BCV, VGF and VGC...which are the three that I would be most interested in adding.
I currently own 150 DEC at VGF and am in the process of closing on 130 APR at VGF.
My ultimate goal was to get 25 points at BCV in APR so that we could go to F&W every other year for 3 or 4 nights. That gives me a nice UY for F&W that aligns with one of my VGF contracts. While I would only get member privileges until 2042, I am fine with that since I'm really only looking at having this for the next 10-20 years anyways.
BCV direct is at 160 points, and roughly around $115-$120 or so resale for a not stripped, small contract), so the extra expense is about $40-$45 dollars per point to buy direct. With that said, I haven't seen any 25 point contracts for sale at BCV at all -- so not sure what the market price would be.
I will be purchasing at least three APs this next year (2 in Nov and 1 in Jan 2017), which means DVC membership gives me a savings of $300 ($12 per point if buying 25 points), plus if I buy the DEC UY for BCV, I can get 2015 points for "free" -- which is probably equal to another $10-$15 a point in utility value. Therefore, direct purchase would save me about $25 per point just in the first year (this doesn't account for lower closing costs, which would probably be another $100-$200 over resale). If we do APs another time, we will be buying four of them, which means the savings would be around $400 (have to buy one for the kid that just turned 3), which is another $16 per point savings.
Essentially, that is a $41 per point "discount" after just 13-15 months of ownership, which brings $160 down to $119 a point. This almost seems like a no brainer to me. I have the cash in hand to pay for the purchase, so there is not a money issue involved. It's just that my wife is an engineer that needs solid numbers to convince her it's a good idea, and she's already a little shocked after spending around $40,000 for the current 280 points we have.
Am I missing any other items that would put it more in my favor?
Fall back might be to buy BWV right before our trip in November in order to get the discounts for APs and TIW -- but I think, based on the pictures and video tours I've seen online, that we prefer the style of BCV over BWV. We absolutely loved VGF when we stayed there last February -- and BCV seems to be a little more high end feeling than BWV.
That and that clown scares the sh*t out of my wife.
At a minimum, I would think that I could buy a 25 point direct BWV contract, strip it and then sell it for about $105 (net about $90 per point after realtor fees and other fees). If I got a DEC UY, I could use 2015/2016/2017 points for a stay for F&W in Fall 2017 which means that I would have paid about $10 for those 75 points ((119-90)*25/75). Throw in MFs for 2017 that the new buyer wouldn't pay for and I'm up around $15-$16 a point -- which is what you'd pay to rent/transfer those points.
But if I kept the contract longer than a few years, it would seem to pay for itself rather quickly.
Any comments/thoughts/advice would be appreciated.
Bill
