50 Point DVC Buy In

[wildernessDad]

was that through Disney or resale? I cant get my guide to call me back...

Disney. I wouldn't have posted it if it were resale as that is common knowledge.

 

[godalejunior]

Disney. I wouldn't have posted it if it were resale as that is common knowledge.

Well "common knowledge" is open for interpretation....

On dvcnews.com and add-on for 50 points is not listed at $93 per point, which is why I am asking. That is a much better rate than what I was aware of..... which is why I asked if it was Disney or resale.

Since noone wants my money from Disney not sure what to do.

 

[Maistre Gracey]

Well "common knowledge" is open for interpretation....

On dvcnews.com and add-on for 50 points is not listed at $93 per point, which is why I am asking. That is a much better rate than what I was aware of..... which is why I asked if it was Disney or resale.

Since noone wants my money from Disney not sure what to do.

To be honest, that was from the June webcast. It was also for 150 points, so I'm not sure if the same deal applies for 50.

MG

 

[princessbride6205]

LOL, MG -- you aren't helping!

The reason the "50-point new buy-in" catches my interest is that we've discovered that the OCT UY of our WDW points don't support our west coast usage habits. I've been watching for a small APRIL resale and finding slim pickings.

Still trying to keep myself on the "NoGo" side of this "Go/NoGo" decision.

We're in a similar boat. We have a Feb UY and would like to add a Fall UY to our bunch. We want to avoid financing, so have also been looking for a 50-point resale to add-on. Choices have been limited at any resort, and small AKV resales have been nearly nonexistent. We'll have to look into this option (if it really exists!).

I think Disney is doing this because their financing arm is having some issues in the current economic climate. I'm sure a number of people defaulted on their loans. Maybe this will result in more cash buy-ins versus financing. Or at least less financed.

 

[nukker7]

Just bought in for 50 pts at $90/pt. I have a contract coming up for 160 pts as well. I was told that the points go up to $95/pt tomorrow. May be a sales gimmick though. Overall....No closing, kept my same use year (sept.) he can bank them for me, book em.....whatever I decide. I felt good about it.

 

[Princess&CowboyMommy]

Almost..
We just added VGC for $93/pt ($4650 for 50), and dues on 50 points are less than $200. In addition, since you're talking add-ons, the requirement you stated is between 44 and 48 points. So, now the cost is $4092 plus $195 in fees.

Figure the $110/nt for the off site property will be taxed, and when the math is done you have roughly $4000 in addition outlay for the Grand.
($110, 2 nights, plus tax, less VGC annual fees).

Divide that by 50 years, and you are paying a premium of $80 per year to stay at the Grand.

I say well worth it!

Just another way to look at it..
MG

Your sir, are my WDW-planner-hero. I've seen your posts previously and rightly agree with you 90-95% of the time or more (I lurk more than I post).

Plan-on!!

 

[nunzia]

Well "common knowledge" is open for interpretation....

On dvcnews.com and add-on for 50 points is not listed at $93 per point, which is why I am asking. That is a much better rate than what I was aware of..... which is why I asked if it was Disney or resale.

Since noone wants my money from Disney not sure what to do.

I'd call back and ask to speak with someone else...
also, I think it's great! How many people want in, don't want to finance and have enough saved up for a small resale? That's how I started..so I say, go for it and give them all the perks (before they are all taken away, that is). Then I bet they most likely add on, or they'll remain casual visitors going once a year or every other year and be happy with it. And Disney will probably have to deal with foreclosures much less too.

 

[Chuck S]

Imagine trying to book popular times, when even more members who bought "just enough" to do so are also calliing at the 11 month mark. More and more members vying for a limited number of reservations. It seems Disney is almost forcing people to walk reservations and shut out the small contract owners.

 

[dianeschlicht]

To me, the fact that they lowered the minimum to 100 points showed they were having difficulty maintaining adequate sales levels in this economy.

If the information about a 50 point minimum is accurate (you never can tell with a guide or a bus driver), they must really be hurting for sales. Which would not be surprising when you look at the disparity between direct and resale prices -- resale is WAY lower.

I agree, and I'm not too happy about it. I think the smaller contracts are crazy. Why "give away" things? I'd rather see no perks than 100 people buying in at 50 points each.

 

[dianeschlicht]

Just bought in for 50 pts at $90/pt. I have a contract coming up for 160 pts as well. I was told that the points go up to $95/pt tomorrow. May be a sales gimmick though. Overall....No closing, kept my same use year (sept.) he can bank them for me, book em.....whatever I decide. I felt good about it.

So was this an original buy in or not? You said your "same use year", so did you really just do an add on, or was the 50 points a first purchase?

 

[HHSTigerFan]

I would LOVE them doing this, we have been thinking about buying in but would have to finance it now and really don't want to now, but if they would let us buy 50, I would probably do that and if we didn't have the cash when we wanted to book a trip, could do then 1 year loan with a 50% downpayment.. and then repeat that every year until we feel we have enough..

 

[lilpooh108]

Does anyone know if the minimum buy in for Aulani is also at 50 points? We have non-member friends that would jump at Aulani if minimum buy in is only 50 points (I'm trying to satisfy my addonitis by urging them to buy instead of me muhahaha) (and I bought resale so I'm not really sure who my guide is...we're all going to the July 2 event at DLR)

 

[princessbride6205]

I honestly can't believe the number of posts here that think small contracts should have no perks! One of the selling points of DVC to me is that you can purchase the number of points that is right for your family and still be treated the same as everyone else. Besides, I doubt there are many people who purchase 50 and never buy more. We started with a small resale of 50 last year, and now that we've saved up enough for another 50, we are in the process of adding on. We're not against financing, but feel that this is a better decision for us. We'd love to have a few hundred points, but that's not within reach yet.
Also unfair would be that people who finance larger contracts and then default, would have received benefits on the months/years before they stopped paying.
I don't see how small contracts cause more competition. The set amount of points are out there for purchase regardless of contract size. I can see how small contracts may increase competition for studio accommodations, but that's really it.

 

[Chuck S]

I don't see how small contracts cause more competition. The set amount of points are out there for purchase regardless of contract size. I can see how small contracts may increase competition for studio accommodations, but that's really it.

It is a matter of numbers. If 5% of members want to stay a particular 5 days in a studio, and there are 100,000 members with 250 ponts, then there are 5,000 members competing for that reservation. Say a resort has 100 studios, so 1 member in 50 will get the reservation.

If there are now 500,000 members with 50 points each instead, there are now 25,000 members competing for the same set number reservations. 1 in 250 members will now get that reservation.

 

[Bell30012]

Over the years I've contemplated DVC membership numerous times but have always passed because financially the way my DD7 and I vacation it just didn't make sense. If I had to purchase 160 point then pay dues on those it just didn't work because we tend to vacation during the least expensive seasons and we would most likely book a studio... There are only two of us and we'll spend most of the time in the parks.

This 50 point offering is right where I'd love to be. The vacation I'd love to take each year is 45 - 50 points. Yes, we are the ones that would love to book the Value Studio at AKL.

However, the real additional perk for me would be the DVC discount on APs. And then even better for a perk is the Room Only discount for AP members. It's only a 6-7 hour drive for us to get to WDW. Traditionally, we have taken one trip a year. This is just the thing that could cause us not only to become owners but to take one full week vacation PLUS three or four shorter vacations. More money for Disney and a great value for me.

Just my humble opinion. My DD7 says the number one perk to her is pool hopping!

 

[BeesKnees]

Everything is relative. Disney just upped the maximum number of points that owners can have at one resort up to to 4,000 points and up to 8,000 at all resorts. So my teeny weenie 360 points are probably a "small contract" to those high rollers. Please, Please, Please don't suggest that they take away my AP discount just because I am a small owner.

Those high rollers are probably professional point renters. 8000 points you would be vacationing at home and living at Disney.

I think when we signed up the minimum was 170, our guide recommended at least 230 and we bought 300.

If these small contracts get really popular we may see some real issues at the 7 month window. Shoot owners at AKV and BLT could potentially see problems at 11 months during popular times of the year. However, I am willing to bet the 50 point owner is likely to be an every other year vacationer. That fits for a lot of people. Most of my family could not afford to go every year even if we offered the lodging.

 

[Sammie]

Nothing surprises me anymore, I honestly feel and sadly so, they are going to hades in a hand basket.

 

[BeesKnees]

Nothing surprises me anymore, I honestly feel and sadly so, they are going to hades in a hand basket.

It is sad by comparison. I remember a much greater disney in all respects. I try not to dwell on what we have lost. I feel like as long as I still look forward to vacationing there, and I do, it is worth remaining a member. When that changes I will put my contract up for sale.

 

[JimMIA]

I agree, and I'm not too happy about it. I think the smaller contracts are crazy. Why "give away" things? I'd rather see no perks than 100 people buying in at 50 points each.

Well, at $30-45 per point more than resale, DVC is hardly giving anything away!

They suck people in with the small buy-in and the make-believe gift of 2009 points (which the buyer was entitled to all along) and folks bite. There's a saying about that, but I don't want to use it.

DVC does many things, but they have never "given away" a thing...at least not in the last 5 years that I've been a member.

 

[JimMIA]

However, the real additional perk for me would be the DVC discount on APs. And then even better for a perk is the Room Only discount for AP members.

NEVER let perks influence your purchasing decision. Perks come and go at the stroke of a pen -- here today, gone tomorrow.

When I first joined 5 years ago, there was no AP discount. Now there is. Next week... ?

Seriously, consider DVC for what using your points at DVC resorts does for you, nothing else. If you buy because of perks or smooth timeshare sales talk, you probably will end up disappointed.