Aulani resale help please!

[Paul Stupin]

Curious would you withdraw and look for a more loaded contract, or go forward with this one?

Everyone will tell you not too because $75 is truly a great price, so, for that, congrats! This is the best advice.

Personally, for me, though, I don’t buy stripped contracts. Since I never borrow, I don’t like waiting a year for the points, sometimes two years if I want to bank them. I’d rather pay a little more and actually use what I’ve purchased within a reasonable time frame. I don’t want to overpay, mind you, but I’m happy to get a reasonable deal that gives me exactly what I want.

And if you look on the ROFR thread, savvy buyers also get great deals on loaded contracts. I’d probably keep looking, if I weren’t in any rush, but be aware it might take awhile.

That said, there are a lot of smart folks on these boards and I think very few of them would agree with me!

 

[Brian Noble]

I thought I had an excellent deal but then the more I looked into it (which I should’ve done prior I know) and the more I compared to other sales, I realized maybe could’ve done something a little differently bc now it doesn’t feel as excellent t as I though

Don't let the perfect be the enemy of the good.

 

[DanCali]

That’s exactly it- I thought I had an excellent deal but then the more I looked into it (which I should’ve done prior I know) and the more I compared to other sales, I realized maybe could’ve done something a little differently bc now it doesn’t feel as excellent t as I thought..

Curious would you withdraw and look for a more loaded contract, or go forward with this one?

If you want Aulani and the Sep use year (which seems harder to find), I would not back out. While theoretically if the contract was not partially stripped you could have rented the points out at $20, that's really neither here nor there. First, you are not really giving up $20/point because you are not paying the dues on the used points whereas if you had those points you would have likely paid the dues and the (hypothetical) rental profit would be close to $10/point rather than $20/point. Second, you're not really buying this to be in the business of renting points. Third, this is hardly a "stripped contract"; a fully stripped contract would have zero 2023 and zero 2024 points. And lastly, it doesn't even sound like you need points before next Fall and by the time this closes you can book what you need inside the 11 month window.

Since I'm not paying dues on stripped points and rarely need points immediately (so it's not like I have to rent from someone else) I tend to view the "stripping" more as a loss of a use year. For a 40 year contract, 1 year is not a big deal. It'd be a bigger deal if this was a 2042 resort like BCV or BWV, but Aulani is a 2062 resort.

IMO, the "big decision" with Aulani is do you pay more for subsidized dues or less for the standard dues. Over the next 40 years, the main expense you will have are the annual dues, not the upfront cost. Excluding a couple of 2042 resorts (HHI and VB), Aulani already has the highest dues in the system. So is it worth paying $30, $40, or $50 more upfront per point (and presumably be able to also sell for a premium if you don't keep it to 2062) in order to go from virtually the highest dues in the DVC system to the lowest dues in the DVC system? This is a highly debatable topic that owners here highly differ on. The only reason I would cancel your the genuinely "steal" of a deal you got is if you decide to go the subsidized route because you won't be able to stomach the $12/point, $15/point, and $20+/point dues that Aulani will eventually see in the years and decades to come (if dues grow at 3.5% a year, they double in about 20 years).

 

[AstroBlasters]

If you want Aulani and the Sep use year (which seems harder to find), I would not back out. While theoretically if the contract was not partially stripped you could have rented the points out at $20, that's really neither here nor there. First, you are not really giving up $20/point because you are not paying the dues on the used points whereas if you had those points you would have likely paid the dues and the (hypothetical) rental profit would be close to $10/point rather than $20/point. Second, you're not really buying this to be in the business of renting points. Third, this is hardly a "stripped contract"; a fully stripped contract would have zero 2023 and zero 2024 points. And lastly, it doesn't even sound like you need points before next Fall and by the time this closes you can book what you need inside the 11 month window.

Since I'm not paying dues on stripped points and rarely need points immediately (so it's not like I have to rent from someone else) I tend to view the "stripping" more as a loss of a use year. For a 40 year contract, 1 year is not a big deal. It'd be a bigger deal if this was a 2042 resort like BCV or BWV, but Aulani is a 2062 resort.

IMO, the "big decision" with Aulani is do you pay more for subsidized dues or less for the standard dues. Over the next 40 years, the main expense you will have are the annual dues, not the upfront cost. Excluding a couple of 2042 resorts (HHI and VB), Aulani already has the highest dues in the system. So is it worth paying $30, $40, or $50 more upfront per point (and presumably be able to also sell for a premium if you don't keep it to 2062) in order to go from virtually the highest dues in the DVC system to the lowest dues in the DVC system? This is a highly debatable topic that owners here highly differ on. The only reason I would cancel your the genuinely "steal" of a deal you got is if you decide to go the subsidized route because you won't be able to stomach the $12/point, $15/point, and $20+/point dues that Aulani will eventually see in the years and decades to come (if dues grow at 3.5% a year, they double in about 20 years).

You do realize that at $75pp the OP would be paying more than $60pp more for the asking price in most subsidized contracts and have to deal with multiple memberships…

I’m not sure that’s even worth bringing up in this case….

 

[Babygusgus]

If you want Aulani and the Sep use year (which seems harder to find), I would not back out. While theoretically if the contract was not partially stripped you could have rented the points out at $20, that's really neither here nor there. First, you are not really giving up $20/point because you are not paying the dues on the used points whereas if you had those points you would have likely paid the dues and the (hypothetical) rental profit would be close to $10/point rather than $20/point. Second, you're not really buying this to be in the business of renting points. Third, this is hardly a "stripped contract"; a fully stripped contract would have zero 2023 and zero 2024 points. And lastly, it doesn't even sound like you need points before next Fall and by the time this closes you can book what you need inside the 11 month window.

Since I'm not paying dues on stripped points and rarely need points immediately (so it's not like I have to rent from someone else) I tend to view the "stripping" more as a loss of a use year. For a 40 year contract, 1 year is not a big deal. It'd be a bigger deal if this was a 2042 resort like BCV or BWV, but Aulani is a 2062 resort.

IMO, the "big decision" with Aulani is do you pay more for subsidized dues or less for the standard dues. Over the next 40 years, the main expense you will have are the annual dues, not the upfront cost. Excluding a couple of 2042 resorts (HHI and VB), Aulani already has the highest dues in the system. So is it worth paying $30, $40, or $50 more upfront per point (and presumably be able to also sell for a premium if you don't keep it to 2062) in order to go from virtually the highest dues in the DVC system to the lowest dues in the DVC system? This is a highly debatable topic that owners here highly differ on. The only reason I would cancel your the genuinely "steal" of a deal you got is if you decide to go the subsidized route because you won't be able to stomach the $12/point, $15/point, and $20+/point dues that Aulani will eventually see in the years and decades to come (if dues grow at 3.5% a year, they double in about 20 years).

Deep dive learning… THANK YOU! Thanks for shedding light on these different points. Your entire breakdown is insanely helpful