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 07-12-2013, 11:51 AM #16 ellab Earning My Ears   Join Date: Jul 2013 Posts: 38 I had an offer accepted at \$103. We are waiting on ROFR. I'm really nervous because I've seen/heard Disney take ones at \$99 and \$100.
07-12-2013, 11:54 AM   #17
Kauinohea
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Quote:
 Originally Posted by ellab I had an offer accepted at \$103. We are waiting on ROFR. I'm really nervous because I've seen/heard Disney take ones at \$99 and \$100.
103 is a great price! Good luck to you!

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 07-12-2013, 12:07 PM #18 DougEMG DIS Veteran     Join Date: Aug 2008 Location: Victoria, BC, Canada Posts: 1,769 While not a fan of financing since it normally increases your total costs, here is a simple example where financing could work to your advantage. Assumpition is you want to buy VGF direct. Take VGF at opening price of \$145/point, assume you are going to finance at 10% and then pay off the loan in a lump sum after 1 year (say you plan to come into a large sum of money). For simple math the financing charges are \$14.5/point. So your price per point was \$145.00+\$14.50 = \$159.50 So if you think the price of VGF after one year will have increased more than \$14.50 (your interest charges) it makes sense to buy and finance. If I had to bet, I'd say that VGF will increase in price more than \$14.50 in its first year of sales, so given this very limited example, financing would save you money over waiting till you had the cash. The danger would be your big lump of cash doesn't come through or you decide to spend it on something else instead of paying off your loan. ANd yes, resale prices have been climbing like crazy lately.... __________________
 07-12-2013, 12:12 PM #19 kapicka Earning My Ears   Join Date: May 2007 Posts: 12 disney got it We tried to buy 160 points at \$98 per point (though the seller was only asking for \$88) and Disney grabbed it. I wish now I'd gone \$103 but it was already hard offering a bunch over asking.
07-12-2013, 12:20 PM   #20
ellab
Earning My Ears

Join Date: Jul 2013
Posts: 38

Quote:
 Originally Posted by kapicka We tried to buy 160 points at \$98 per point (though the seller was only asking for \$88) and Disney grabbed it. I wish now I'd gone \$103 but it was already hard offering a bunch over asking.

07-12-2013, 12:23 PM   #21
Minniesgal
DIS Veteran

Join Date: Mar 2013
Posts: 2,098

Quote:
 Originally Posted by BestDadEver And that's why financing makes sense to me . The inflation is quite ridiculous . Waiting and saving money to purchase , the inflation just doesn't offset the interest you will pay.
Inflation goes up and down and is fairly unpredictable especially in today's rocky economy. The interest you will lose on finance is however entirely predictable.

07-12-2013, 12:26 PM   #22
kapicka
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Posts: 12

regarding - disney got it

Quote:
We got news from Disney on June 6th that they purchased the 160 points we were trying to buy at \$98 per point for VGC.

Looking ever since but of course prices going up quickly. (A loaded contract of 100 points just went for \$125 per point!!)

07-12-2013, 02:31 PM   #23
ELMC
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Join Date: Jul 2011
Location: Connecticut
Posts: 1,981

Quote:
 Originally Posted by Kauinohea Wow....I started looking about 8 months ago and I swear the asking was about 100.....anyone have idea of what is seen as a fair offer for VGC?
Fair is a subjective term that can mean different things to different people. In today's market, \$120 for vgc is a fair price. That being said, think that today's resale market is completely overinflated and is being propped up by abnormally high ROFR activity mixed with a bit of buyer hysteria. I would not recommend buying in today's market.
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07-12-2013, 06:09 PM   #24
jerseyduke
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Quote:
 Originally Posted by ImagineerTHAT You got a great deal at \$55 though. The increase argument is logical, although if you invested rather than financed you would have MADE money. Say you had 2,000 as a down payment and you invested rather than financed. The S & P 500 returned 15% in 2010, 2% in 2011, 16% in 2012, and currently 13% in 2013. You can do the math, but its obvious what the results are. Anywho, back to topic. GVC at \$120 is steep IMO.
Just out of curiosity why did you not put in what the S&P returned in 2008 and 2009? of even 2000-2010? I personally would be very hesitant to take out a loan at 10+%. I would be equally hesitant to expect returns in the S&P in the double digits for the next few years.

Just sayin....
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07-12-2013, 09:30 PM   #25
ImagineerTHAT
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Quote:
 Originally Posted by jerseyduke Just out of curiosity why did you not put in what the S&P returned in 2008 and 2009? of even 2000-2010? I personally would be very hesitant to take out a loan at 10+%. I would be equally hesitant to expect returns in the S&P in the double digits for the next few years. Just sayin....
I know what you're saying...but there was a reason. He bought his resale in 2010, so I wanted to show the same years in comparison. He spoke about resale prices going up since he got a great deal....I wanted to show that the stock market did as well.

 07-12-2013, 10:16 PM #26 Kauinohea Mouseketeer   Join Date: Feb 2009 Location: Hawaii Posts: 328 Offer Accepted My second offer was accepted! Signing the contract and sending in tomorrow
07-13-2013, 11:48 AM   #27
frank808
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Join Date: Jul 2010
Location: Aulani
Posts: 185

Quote:
 Originally Posted by Breyean I'd like for you, just once, to support these claims of yours with some hard math. I'm sure you have the numbers to back this up, or do you just "feel" this way? I'm really curious since you post the same claim in many, many threads, yet never explain how you reached your conclusion.
I was looking at buying direct VGC in Oct 2010. Direct price was \$120 but with incentives and some specials going on it would have brought the price down to \$95 point (had a special on the last day we were at VGC where we got an extra \$1 off....for some reason I remember that ). If we had pulled the trigger and financed the 350pts (did not as the economy was still shaky and didn't want to use our on hand cash) with 20% down. The price would have been \$33250-\$6650=\$26600 out the door (no closing costs then). The interest the past 3 years at 10.5% would have been \$7609(\$22). So about \$117(\$95+\$22) per point today.
Much cheaper than the \$165 DVC direct price and in line with resale prices today. I would have gotten 4 years use of the contract also. Now this analysis would probably not work for every resort but in my case I would have been ahead by financing instead of buying direct at \$130 now. Buying resale at \$115 with closing would still cost more than buying and financing 3 years ago. YMMV

07-13-2013, 12:33 PM   #28
DenLo
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Location: Missouri City, TX
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Quote:
 Originally Posted by Kauinohea My second offer was accepted! Signing the contract and sending in tomorrow
For how much and how many VGC points? Good luck on passing ROFR!
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07-13-2013, 12:44 PM   #29
Kauinohea
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Join Date: Feb 2009
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Quote:
 Originally Posted by DenLo For how much and how many VGC points? Good luck on passing ROFR!
Sorry, so excited I forgot to add that part...175 points at \$115 per point. We really wanted to stay at 110, but there aren't many contracts out there for the amt of points we wanted and the price seems to steadily climb!

07-13-2013, 01:00 PM   #30
ELMC
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Join Date: Jul 2011
Location: Connecticut
Posts: 1,981

Quote:
 Originally Posted by frank808 I was looking at buying direct VGC in Oct 2010. Direct price was \$120 but with incentives and some specials going on it would have brought the price down to \$95 point (had a special on the last day we were at VGC where we got an extra \$1 off....for some reason I remember that ). If we had pulled the trigger and financed the 350pts (did not as the economy was still shaky and didn't want to use our on hand cash) with 20% down. The price would have been \$33250-\$6650=\$26600 out the door (no closing costs then). The interest the past 3 years at 10.5% would have been \$7609(\$22). So about \$117(\$95+\$22) per point today. Much cheaper than the \$165 DVC direct price and in line with resale prices today. I would have gotten 4 years use of the contract also. Now this analysis would probably not work for every resort but in my case I would have been ahead by financing instead of buying direct at \$130 now. Buying resale at \$115 with closing would still cost more than buying and financing 3 years ago. YMMV
Thanks for sharing your experience. I think that this is the exception that proves the rule as there were a number of factors in play that are not repeatable currently. VGC is an outlier in all respects, and there is no parallel at WDW. Also, to get \$25 off initial offering prices is a crazy good deal.
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