Buy Disney new, resale or rent points?

[cksmm5]

What is the best deal? Buying new through Disney with their incentives, buying resale or renting points? We are a family of six and are looking for the most economical option. We will probably go once a year or once every two years. We are Disney maniacs!

 

[littlestar]

If you know you are going to go every year or every other year and stay in a 2 bedroom on site, I'd buy some points.

We figure we broke even at about 4 1/2 years on our initial contracts compared to what we were paying out in cash for our onsite stays each year. Everybody will be different because of different vacation habits, but that's how it played out for us (we bought almost 6 years ago).

Good luck.

 

[mprewitt]

What is the best deal? Buying new through Disney with their incentives, buying resale or renting points? We are a family of six and are looking for the most economical option. We will probably go once a year or once every two years. We are Disney maniacs!

I've heard that renting points may actually be the cheapest way to go, but you loose any control over your vacation plans.

As for new versus resale, resale is usually the less expensive way to buy into DVC, but it takes a lot longer, you may not get the exact number of points you want, you have to avoid "stripped" resales contracts, and Disney may exercise ROFR and you're back to square one.

 

[Disneybridein2k3]

I've heard that renting points may actually be the cheapest way to go, but you loose any control over your vacation plans.

As for new versus resale, resale is usually the less expensive way to buy into DVC, but it takes a lot longer, you may not get the exact number of points you want, you have to avoid "stripped" resales contracts, and Disney may exercise ROFR and you're back to square one.

I'm not a member (YET) but I understand that resale on older contracts aren't for the same amount of years as a new contract from Disney. We are having the same dilema - DH wants to buy BWV but it expires 15 years before AKV. What's a girl to do?

 

[Budahman]

I posed this same question in a thread the other day....as of now, it's not looking too good either way for us. I wanted AKV for the 160 pts she wanted 100 resale at BWV. . . . We cannot agree so, as of now, its a no go.

 

[disneynutz]

What is the best deal? Buying new through Disney with their incentives, buying resale or renting points? We are a family of six and are looking for the most economical option. We will probably go once a year or once every two years. We are Disney maniacs!

I would rent until you find your favorite resort. Each has a different feel and availability. Once you decide you need to compare the DVC offerings against the resale offerings. We bought BCV resale then AKV through DVD. Good luck.

 

[dianeschlicht]

In a way, the title of this thread makes me sad. It should NOT be cheaper to rent a DVC reservation. The WDW DVC resorts are wonderful on-site WDW deluxe accommodations...If you own and pay maintenance, you know why they continue to be deluxe. It always seems to me that the amount of renting at DVC over a lot of other timeshares tends to downgrade or cheapen it. It turns the deluxe accommodations that all of us owners pay for into a 'cheap hotel room' for the renters. Maybe it's why we see lots more abuse to the units than we used to see. Please don't take this as casting aspersions on anyone on this thread. It's just my observation. All timeshare owners tend to rent out their accommodations from time to time if they can't use them, but DVC rentals appear to have become big business in competition with the DVC hotels. I think the fact that someone asks the question about renting versus owning points that out a bit. It used to be that we purchased DVC to lock in deluxe accommodations at a static price. Now it appears that lots of folks are not really using that, but turning the DVC resorts into their own personal timeshare rental complex.

By the way, I agree that renting to find out WHICH DVC resort you want to buy at is a good tactic.

 

[ScottakaMickey]

I posed this same question in a thread the other day....as of now, it's not looking too good either way for us. I wanted AKV for the 160 pts she wanted 100 resale at BWV. . . . We cannot agree so, as of now, its a no go.

Compromise and buy both.

Regarding rental. Renting a DVC as a lesser expensive option is pretty much written about in the thousands of books about how to go to disney cheaper, or any version there after. It is also on the many many Disney web sites that promote and educate people about coming to FL/Disney affordably. As a person who rented it is cheaper during the week, but not so on weekends. My largest rental had 3 week days and 2 weekends. The average costs landed in the 160 per night range which is IMHO appropriate for the studio at OKW.

Do you think an OKW studio during the week, just an example, could be rented at $16 or $17 a point? Then on a weekend, do you think it could be rented for around $7 a point in order to have a consistent cost average of around $160 to $170 a night. Then if you think a resort is even more delux you would have to raise those amounts higher. I just don't think people would pursue renting as the risks then tend to out weigh the reward and people will be 'stuck' with their points.

 

[cksmm5]

What about the financing? With the interest you would have to pay on a loan, is it still a good deal to buy and finance or just go "old school" and book your rooms each year for your vacation.

 

[dianeschlicht]

What about the financing? With the interest you would have to pay on a loan, is it still a good deal to buy and finance or just go "old school" and book your rooms each year for your vacation.

I don't see much point in financing a "luxury" item like vacation time. I think the best approach is to pay for it in full or at least get a home equity loan so the interest is less and tax deductible. Now as to the savings over just booking each year and paying now for the accommodations of your next 35-50 years of vacations... I'd say if you KNOW you are going to continue traveling to Disney every year, every other year or multiple times a year, then buying DVC will definitely put you ahead of the game for cost of accommodations. That might not be true if you are prone to staying in value style hotel rooms, but if you like deluxes and suites, it DEFINITELY saves over the course of a rather short time. We found we were spending thousands on accommodations alone at WDW, and after buying DVC, we felt we had the initial cost back after just a couple years of trips. Of course, one of those first trips was in a GV for a week, so that cost value was very high.

If you only plan to ever stay in a studio (which is basically a hotel room), then I'm not sure I'd do DVC. The value of DVC comes in the vacation home type accommodations.

 

[Budahman]

Quote:
Originally Posted by Budahman
I posed this same question in a thread the other day....as of now, it's not looking too good either way for us. I wanted AKV for the 160 pts she wanted 100 resale at BWV. . . . We cannot agree so, as of now, its a no go.

Compromise and buy both.

Well, the difference in the cost from 100 (resale) to 160 (thru Disney), seems to be the issue we can't get past.

Is it worth buying into DVC resale at 100 points - just to get started..even if say we are buying into the resort we dont exactly want?? Thoughts?

 

[dianeschlicht]

Well, the difference in the cost from 100 (resale) to 160 (thru Disney), seems to be the issue we can't get past.

Is it worth buying into DVC resale at 100 points - just to get started..even if say we are buying into the resort we dont exactly want?? Thoughts?

I wouldn't think so. Especailly if you are buying into a resort you don't want.

 

[ScottakaMickey]

Well, the difference in the cost from 100 (resale) to 160 (thru Disney), seems to be the issue we can't get past.

Is it worth buying into DVC resale at 100 points - just to get started..even if say we are buying into the resort we dont exactly want?? Thoughts?

Personally for me the many years we put off becoming members was regretful. We got caught up in the perceived need to have 300 plus points. We are semi-locals and our usage is more weekends and rarely during the week, so for as often as we go over it was adding up to lots of points, which was too huge of an investment, so we never pulled the trigger. It wasn't until our recent trip and first rental that we realized that what we need to do is just get started with some points, maybe 100 or so, and then see how it goes. We always have the fall back to pay cash for the room or whatever, but at least we would have points and be able to use them some of the time. So, I went to go ahead and do 100 points at OKW, primarily as I am looking at it on a cost basis, and what we wound up with was 160 points at AKV, so go figure. The cost difference between these and the benefits I got with double developer points, 15 more years, etc. The cost difference between OKW and AKV really wasn't that much, oh we did bump up our number to 150 at OKW, but still the difference was worth it for us.

Good Luck.