Advice on buying a second contract after 20 years

[Uncranky Donald]

Hello DVC members
I've been tasked with seeking out resale options for our family to buy an additional DVC contract. My parents purchased OKW in 96 and cumulatively as a family we have probably only stayed at our home resort about 6 times over the past 20years. So we are not attached to any one resort, aside from VWL which unfortunately doesn't have the lifespan that I am looking for.

Although the membership expiration dates of Poly or GF would be nice it's out of the budget range.
So to get both a later expiration date and be more budget conscious I think I'm left with:
SSR, AKL, OKW w/Ext and possibly BLT. Out of those which would you chose, or have experience with purchasing? TIA for anyone who can offer advice

 

[supersnoop]

I'd choose BLT for the low maintenance fees, longer duration, and lower long-term cost, and high desirability. My second choice would be SSR for the low maintenance fees, long duration, and lowest long-term cost. Or, at least that's the order I bought them in, and the reasoning.

 

[Dean]

Hello DVC members
I've been tasked with seeking out resale options for our family to buy an additional DVC contract. My parents purchased OKW in 96 and cumulatively as a family we have probably only stayed at our home resort about 6 times over the past 20years. So we are not attached to any one resort, aside from VWL which unfortunately doesn't have the lifespan that I am looking for.

Although the membership expiration dates of Poly or GF would be nice it's out of the budget range.
So to get both a later expiration date and be more budget conscious I think I'm left with:
SSR, AKL, OKW w/Ext and possibly BLT. Out of those which would you chose, or have experience with purchasing? TIA for anyone who can offer advice

Making assumptions from your info, I'd buy BLT or AKV. You've already got a pool of points to use at 7 months out. It's going to be increasingly difficult to get higher demand options at 7 months out. Unless you'll use the AKV value or concierge at times, I'd likely go with BLT also but I think either are good choices in the situation presented. I personally think one can consistently get into AKV year around though it may take using the wait list. If there's a location and/or resort you prefer to stay at, that'd likely be my choice even if it's a 2042 RTU resort so personally I'd still consider BRV (VWL). Certainly considering SSR for the 3 BR or to stay there for standard view would be reasonable and cheaper. I wouldn't rule out VGF resale though, for the same points it isn't going to be that much more than BLT looked at big picture. I'd actually approach it from the opposite direction it seems you are. You've got 20 yrs of experience for resort, time of year and villa size. I'd use that info to figure out how you'll likely use these points or what you haven't been able to do with OKW points and work backwards. I'm also wondering if this will be titled differently or a different UY. If not, it'll have to be titled the same (can't add or remove names) thus only the one's who are on the original contract (or same address for passes) would have access to the perks. The other question depending on specifics is whether it's better to just sell the OKW and buy more then do a retail add on or whether adding names to the current contract before the new purchase would be a consideration. IF that comes on the table, SSR would likely jump to the top of my list in your situation. In part it depends on how many points you're talking though (both own at OKW and potentially adding).

 

[disneynutz]

I would choose the resort that you love to stay at but have difficulty booking at 7 months.

Bill

 

[ziravan]

I wouldn't let the 2042 dates deter you from buying VWL. You should buy where you want to stay.

Making decisions that discount value today (won't get the 11 month window for VWL at 11 months, especially Christmas) in exchange for perceived value 25 yrs from now seems detrimental to the overall value of the purchase.

At least to me.

 

[Uncranky Donald]

You all bring up great points, thank you SO much!

@disneynutz (first of all I feel like I am talking to Pooh ) the thing is we've never had difficulty booking at 7months, I'm not sure if we're lucky or just not picky Only went on a wait list twice in all that time and got the resort both times. Then again we are very chill Disney travelers. We go an average of once every 10months so we know in advance and never go on holidays (no Christmas/halloween). That being said, we DID intend to book BC this trip but unfortunately my grandfather passed the night before the 7month date and when we surfaced from it all 5 days later there was already a wait list for June...so we went with VWL(fine by me!!)...so I can see that things are getting more difficult now.

@ziravan you bring up a good point, I am thinking about value way down the road as opposed to now. I do see that skewing my choice but thats only because this purchase will really be for myself and my niece and nephew (my brother is a curmudgeon at times ) at the end game.

In the meantime my parents want the points to use for retirement as they have friends and family in Central Florida. Them being able to to spend 2-3 weeks during the off season at a cheaper resort AND still have a family vacation available at any resort for myself or the whole family is the goal.

@Dean I don't think selling the OKW is an option, looking to acquire 100 more points resale while retaining our direct DVC. I'll probably look for the same UY but its not a deal breaker (I don't know, should it be?)

Just got a check-in from Dad "How's the DVC hunt going?" He's getting excited about retirement

 

[Dean]

I don't think selling the OKW is an option, looking to acquire 100 more points resale while retaining our direct DVC. I'll probably look for the same UY but its not a deal breaker (I don't know, should it be?)

The 7 month window is getting more difficult for many options, I'd at least consider how you'll use it esp since you already have the OKW. For 100 points selling and rebuying likely isn't the best choice depending on how many they have already. The price difference even between SSR & VGF on 100 points isn't dramatic. I'd definitely go with the same UY for 100 points assuming you're going to put the title EXACTLY the same as the one is now. I don't know that it's a deal breaker but it will complicate things and you won't be able to combine directly at the 7 month window. Best you can do is transfer them and you'd have to call for every reservation using the transferred points at least currently. I wouldn't let future value deter you from the best current options but it is reasonable to consider the current and future value, if you adjust it shouldn't be an issue. You could always buy again in the future if you needed to "extend". Just to remind you that you lose NOTHING of value by selling, rebuying and adding 25 points retail though for your situations that likely isn't the best approach unless the current OKW contract is on the smaller side.

 

[KAT4DISNEY]

You have experience with the 7 month window and have felt comfortable with it so I'd think SSR would be a very viable option. Otherwise I'd say to buy the resort you'd most like to stay of AKV or BLT. I'd probably skip extended OKW - just a little too uncertain what's going to happen there in 2042 with part extended and part not.

If retail is an option the new Copper Creek seems to be coming up for sale sooner rather than later. It will give you WL but with a longer contract - however I expect it to be pricey. 24 years is still quite a long time to enjoy Disney so I too wouldn't rule out the 2042 resorts if one is where you'd really like to stay.

 

[Uncranky Donald]

I'd choose BLT for the low maintenance fees, longer duration, and lower long-term cost, and high desirability. My second choice would be SSR for the low maintenance fees, long duration, and lowest long-term cost. Or, at least that's the order I bought them in, and the reasoning.

You have experience with the 7 month window and have felt comfortable with it so I'd think SSR would be a very viable option. Otherwise I'd say to buy the resort you'd most like to stay of AKV or BLT. I'd probably skip extended OKW - just a little too uncertain what's going to happen there in 2042 with part extended and part not.

If retail is an option the new Copper Creek seems to be coming up for sale sooner rather than later. It will give you WL but with a longer contract - however I expect it to be pricey. 24 years is still quite a long time to enjoy Disney so I too wouldn't rule out the 2042 resorts if one is where you'd really like to stay.

Thank you both for your responses I too keep coming back to SSR...I actually have only been there once for the DVC tour & showroom in 2015, but I like the theme, the points per room and annual dues. My parents just spent a long weekend there last May to visit family and enjoyed not going to the parks.

I keep hearing not great things about OKW and the extension...that was my 1st option, but now I'm too scared to even touch it! BLT I honestly did not like but I know its great for the kids, so I am willing to take a look for any good prices. And AKV I am staying at for the 1st time in June before the rest of my family arrives so I will have to report back to them and tell them what I think

 

[Uncranky Donald]

The 7 month window is getting more difficult for many options, I'd at least consider how you'll use it esp since you already have the OKW. For 100 points selling and rebuying likely isn't the best choice depending on how many they have already. The price difference even between SSR & VGF on 100 points isn't dramatic. I'd definitely go with the same UY for 100 points assuming you're going to put the title EXACTLY the same as the one is now. I don't know that it's a deal breaker but it will complicate things and you won't be able to combine directly at the 7 month window. Best you can do is transfer them and you'd have to call for every reservation using the transferred points at least currently. I wouldn't let future value deter you from the best current options but it is reasonable to consider the current and future value, if you adjust it shouldn't be an issue. You could always buy again in the future if you needed to "extend". Just to remind you that you lose NOTHING of value by selling, rebuying and adding 25 points retail though for your situations that likely isn't the best approach unless the current OKW contract is on the smaller side.

Thank you for all the good advice! It seems the same UY is so much easier if can be found. It seems I am letting the future value hold the majority of the weight of my decision and I think I may need to let that ease up a bit to open up my best possible options

 

[BillPA]

While BLT has lower fees, it takes more points to stay there compared to most of the other DVC units. Compare the unit size and the travel season you will use most to determine the lowest cost, if that is what you're looking for. Me, I would buy where I want to stay. Also BLT buy in will cost more than many of the older DVCs.