$19.75

[nuthut]

Yes, that is the price per point for the OKW stay sold on ebay just two minutes ago. Why give away your points for $10 when you can get a amount closer to what it is worth like $15 or more?

 

[Richyams]

Because people signed contracts stating the their DVC membership was not to be used as a commercial enterprise.

It is the renters that are causing more and more serious use of only weekdays and causing us all problems and difficulties.

Its a shame that you are even permitted to make a profit on your points. I really think there should be a way for Disney to fine someone for ignoring the contracts they signed.

"From each according to his ability, to each according to his needs", Karl Marx, pretty sick, huh?

 

[nuthut]

In response to you Richyams, They were not my points and it was not my rental. I was in no way connected to the rental. Only posting the info on the ebay sale.

Oh, besides that, my contract I signed says I can rent my interest, doesn't yours?

I do not see renting my vacation home as a commercial enterprise and neither does DVC. I have even checked with my guide.

 

[dianeschlicht]

lET'S NOT START THIS AGAIN!

Disneydiane

 

[elizzardbeth]

I'm just new and confused.

So which is it: can you or can you not rent DVC points legitimately? In my effort to research this option I'm finding very mixed opinions. What is the final word from DVC on this issue? Are there certain circumstances that make points rental a contract-violating issue, and other circumstances that keeps it well within the contract guidelines? Someone please clarify.

Elizabeth

 

[PamOKW]

The "spirit" was to allow DVC members the flexibility to allow friends and family to use their DVC points and to allow them to take compensation for doing so. The wording does permit the rental of points as long as it is not "for commercial purposes". Yes, you can rent your points.

The emergence of things like the rent/trade board here and E-Bay have made renting to strangers much easier to accomplish. It has also raised the question of what is "commerical purposes".

There are lots of pro/con discussions of this here on the board.

 

[jennybobenny]

nuthut I've noticed you and your son rent your points on ebay alot. My question to you is why would you purposely draw attention to that? Even if this particular auction isn't yours, a search would most likely produce some of yours (or your son's). The more and more blatant the renting of DVC points becomes, the more DVC will hear about it. The more DVC hears about it, the chance of them deciding to 'crackdown' increases (or at the very least redefining 'commercial' to include, among other things, using online auctions more than a few times per year). You could be putting yourself out of business.

<font face="Class Garmnd BT"><font color="ff69b4"><big>Jennybºoº benny</big></font>
<font color="9400d3">~~DVC Member~~
Onsite: Poly '76, Contemp '98, BWV '99, CBR '00, BWV '00, CBR '01
Offsite: '74 '80 '82 '88
Next trip: BWV~June '01, ASM/BWV~Nov '01</font>
<a href="http://people.ne.mediaone.net/jsmith12/jillian&kylecharacterpage.html">Jillian & Kyle's Disney Character Website</a></font>

 

[drusba]

Elizzardbeth, welcome to the boards. You are a brave soul to make your first post one that relates to one of the continuing debates on this board--how people feel about renting points. For your info, here is officially what you can do:

1. You can rent your interest to another and set up reservations for the renter, including putting the renters name on the ressie. You are supposed to tell Member Services that you are renting when making the ressie (that is to assure that the renter does not get the side advantages of a DVC member like pool hopping). You are supposed to include in any rental agreement a statement (and the exact words I do not have with me) that tells the renter that he is subject to all the rules and regulations of DVC and the resort in relation to the room (which includes the rule that if you happen to stop paying your dues they can bar use of the unit including to your renter). If you fail to do so, such term is deemed included in the rental agreement.

2. Though you can rent, DVC's principal purpose is for your own use and you cannot be engaging in a "commercial purpose." The meaning of commercial purpose is somewhat vague but based on things that are said it appears that what is prohibited is that you cannot go into a regular business of buying points and then just renting.

3. Technically you cannot rent or transfer your "points." That is how people phrase it though and that is really mainly a legal distinction. What you rent,legally,is your real estate interest in the resort; points are symbols that represent your ownership interest but legally the points themselves have no monetary value.

4. There is one barrier when the rental is between two members. The documents allow for transfers of points between members. However, you cannot "transfer" your points to another member for compensation. One way to look at that is that you cannot rent to another member by transferring points; you can only do so by your setting up the ressie using your points. That sounds like a rule that has no purpose if you are allowed to rent. I look at it as having to do with point number 3 above--legally points are symbols that have no value of their own; the only thing you can legally rent is your real estate interest. Thus, really what the distinction is involves just how you phrase your actions. For example, you should be able to say in a rental contract with another member that you are renting your interest in the unit for a fee and then you can just transfer the points to the other member to carry out that pre-existing contract. The compensation is thus for the your real estate interest in the unit and not for the transfer of the points

 

[jennybobenny]

Why are there 2 threads with the exact same title floating around? I was confused for a while, but rest assured, I'm ok now.

<font face="Class Garmnd BT"><font color="ff69b4"><big>Jennybºoº benny</big></font>
<font color="9400d3">~~DVC Member~~
Onsite: Poly '76, Contemp '98, BWV '99, CBR '00, BWV '00, CBR '01
Offsite: '74 '80 '82 '88
Next trip: BWV~June '01, ASM/BWV~Nov '01</font>
<a href="http://people.ne.mediaone.net/jsmith12/jillian&kylecharacterpage.html">Jillian & Kyle's Disney Character Website</a></font>

 

[PamOKW]

Wow Jenny I'm glad you said something. I thought I had lost my mind for a moment. The boards have been acting wacky the last few days and I think it's finally effecting the DVC Board as well.

Comment on $19.95 per point. What is the big value to the renter if the price goes up? I can see maybe entering into a risky agreement with a stranger on E-Bay if there is a major savings. But, you are giving up the security of dealing directly with Disney, the perks of housekeeping, and the ability to cancel much closer to the date of use. For what? A savings of $40 a night? It might be worthwhile to the renter if you are getting it at 50% or more off but otherwise I have my doubts. There are still plenty of AP and other discounts available at the DVC resorts.

 

[ralphd]

Who will give me $50 per point?????????????? <IMG SRC="/infopop/emoticons/icon_confused.gif" alt="confused">

 

[winjones]

Mr.(or Ms.) Nuthut,
Are you the same individual who frequently regales everyone with the increase in price per point for resales? I wonder if you are attempting to boast prices for your own benefit...
Oh well, buyer beware !!!!!

 

[SueM in MN]

I only occasionally look at the ebay listings for DVC rentals. Many of the ones I have read don't mention the trash and tidy housekeeping, do mention things that are a benefit for DVC members, but not for people you are renting points to (like free use of the health club, pool hopping). I wonder how many people actually get there and then find out they don't get housekeeping.

SueM in MN
Co-Moderator of disABILITIES

 

[PamOKW]

What about the 5 night OKW studio currently bidding at $257? How much is that per point?

 

[RoutemanDan]

Anyone have a link to these? The only thing I've seen is someone selling there membership for OKW and BWV both have 190 points.OKW started at 10,100 and BWV started at 11,200.Last look BWV had 1 bid.

<img src=http://www.wdwinfo.com/sites/routemandan/njdvcplate.gif border=0 align=left >
<img src=http://www.wdwinfo.com/sites/routemandan/Danearsnew.gif>

 

[TrudyZ]

Oh, how I hate to jump into the Boards with this one, but I felt a renter's (although new to it) perspective is needed.

I think PamOKW summarized it pretty well. It takes an extreme leap of faith to send a large check across country to a stranger. If there happens to be an unscrupulous DVC'er out there, you have little or no recourse and a lot of bad memories from what was supposed to be your vacation. In addition, the deal is usually non-refundable, paid in cash, the dates pretty well set in stone, and you don't have the same services as a regular guest at the resort. Heck, as a renter, you don't even have access to MS. All of these things affect the market value.

I have several friends who go to Disney fairly often that know about renting and won't take the risk. And, I admit, it took several months of monitoring the boards before I had the nerve to consider renting!

If you have been following the boards for a while like I have, all of these terms and conditions are pretty well discussed. You have your eyes open, and come to an acceptable amount you are willing to pay that balances your appetite for risk versus the price per point. The substantial savings is what makes the risks and restrictions worth it. Once the savings are greatly decreased, I, for one, would be looking into other avenues (hey, they have some great specials at AKL right now).

I cannot speak for the motives of the person that bid $19.75 per point, but it appears they were caught up in the bidding frenzy or very uninformed. At $19.75, you are so close or even above the retail price that I think most people would say forget it. For example, if you wanted to go a week (7 days) in July to the OKW in a studio, the retail price per Deb's website (no DC, AAA, AP discount) is $244/night plus 11% tax. Per DVC, it is considered the Magic season at 11 points and 27 points (109 weekly). This is $1896 Disney (including tax) versus $2153 on Ebay! With one of the above discounts, the Disney price would be even less. And, you get all the "comforts" of going with "risk-free" Disney. And if you do a little more comparison, you see that this is not the only time of the year that this happens.

I have to add too that anything I have seen on Ebay for a package is always Sunday thru Thursday. This is not the fault of the bidder (renter); it is what the Owner is offering. I have never bid on a Ebay package as I always need weekend days and look at the price as an average(apparently a rare breed from what I gather on this thread. I am also more comfortable renting from the DVCer's on these boards.

I also think that from what I gather from these boards, most of the Owners take a great deal of pride in their ownership at DVC. I would expect that when I rent from a DVC member, as much as I want to get comfortable with the person I am renting from; I would also expect the Owner would want to be comfortable with me--that I will respect the rules and occupancy limits, treat the facility with great care, etc. (as I will)--as I am a representative of them. On Ebay, it goes to the highest bidder--you have lost any say in that matter.

Well, that is my two cents worth (perhaps more like a nickel's worth by the length of it). I would like to also thank those DVCers who do rent at reasonable prices. We are considering buying into DVC but need to experience it first. Renting allows us the opportunity to do this.

((Hope this is not a double post-with a few moderations--my computer and server has been acting wacky today!))

 

[PamOKW]

Trudy, thanks for the terrific perspective!

 

[TrudyZ]

I hesitated to add this the first time but perhaps this will help you DVCers who rent at reasonable rates feel a little better that you are not on Ebay.

We just recently rent some points and are in the process of possibility of renting more from these boards. Once we made the arrangements and sent the check, we felt very comfortable with people we rented from. As a gesture of goodwill and appreciation, we offered them our car discount (my husband works for the one of the "Big Three" and is allowed to obtain a very limited number of these for friends. It does not have to be used immediately.) This was never mentioned while we made the arrangements--it was our gift to the DVCer--no strings attached. One of our other friends just used it, and it saved them over $1500 on the best deal they could negotiate. Will we sell it on Ebay?--no way!

Just wanted to let you know that 'good karma' comes to DVCer's who rent from the Boards!