Buying new at Animal Kingdom or Saratoga?

[jmmdls]

I have had a hard time finding the right contract with my use year on resale (70 to 100 pts Sept) so I am now thinking of maybe trying to buy new but at SS or AK, I tried to find the current prices but am not seeing anything? Anyone know what the current going rate for new is for the older resorts? I will still look resale but I need to find something in the next couple months. Also, I do already have points at Poly.

 

[Nie0214]

The current direct pricing can be found here: http://www.dvcnews.com/index.php/dvc-program/financial/pricing-a-promotions

For new members:

Disney's Animal Kingdom Villas***
$165 per point; 100-point minimum purchase

Disney's Saratoga Springs Resort & Spa**
$145 base price; 50-point minimum purchase

 

[_auroraborealis_]

In other words: insanity. Unless you really want home resort at SSR add on at Poly.

 

[KAT4DISNEY]

I'd look a little longer since you say you have a couple months leeway. For the price difference you could even get almost 120 SSR points vs 70 direct at SSR. And it would be similar or more for AKV.

Maybe even look for a point transfer in for you're upcoming need and wait for the right contract to come up resale. You'd still come out ahead.

 

[gharter]

I know its been said over and over, but I believe it, buy where you want to stay. Depending on the time of year you want to be there, booking at 7 months may or may not be an option.
We own at 2 different resorts for different trips and different plans for each trip.
There are many different resellers, and if you are patient, the right resale contract may come up. Direct purchase at AKL or SSR is so much more expensive than resale, that we didn't even consider it. If I were purchasing at Poly, direct may make sense.

 

[Dean]

I have had a hard time finding the right contract with my use year on resale (70 to 100 pts Sept) so I am now thinking of maybe trying to buy new but at SS or AK, I tried to find the current prices but am not seeing anything? Anyone know what the current going rate for new is for the older resorts? I will still look resale but I need to find something in the next couple months. Also, I do already have points at Poly.

It'd be a far better choice to buy more points than to pay direct in this situation. If you look longer I'm sure you'll find what you want but if you open up to slightly larger contracts, esp 150 or above, you'll have more potential options. Worst case scenario is you have extra points and have to do a rental every year or 2. Even if you did this and you could use your other points for a cruise and did so every few years, you'd still be as good or better off than paying retail in this situation.

 

[DVCPGA]

I am in same situation. September use year.

I want to add on 50-75 points.

There are few contracts out there for September and this small.

Almost everyone on this board says buy resale just get more points.

However I don't want more points and more dues. I don't want to have to rent extra points out. I have a need for 50-75 more points. Not 100 or 160.

Buying direct for 50-75 is more money but with closing costs being a lot less and getting extra points if you buy before your use year it is an option.

75 points at SSR. 145x75. 10875.00. Plus closing. 100. 11000 approx

75 points resale. 90x75. 6750.00. Closing costs. 600. 7350.

The extra 75 points have some value. 1000.00. Difference is 2650.00.

These numbers can vary but to get 75 to 100 more points than you want locks you into annual dues for the remainder of term.

I think a lot of people on this board really talk down to someone for wanting convenience of direct and only a certain amount of points.

Buying direct can be an option that should be considered for smaller contracts because they do carry a premium and they are hard to find.

 

[Dean]

I am in same situation. September use year.

I want to add on 50-75 points.

There are few contracts out there for September and this small.

Almost everyone on this board says buy resale just get more points.

However I don't want more points and more dues. I don't want to have to rent extra points out. I have a need for 50-75 more points. Not 100 or 160.

Buying direct for 50-75 is more money but with closing costs being a lot less and getting extra points if you buy before your use year it is an option.

75 points at SSR. 145x75. 10875.00. Plus closing. 100. 11000 approx

75 points resale. 90x75. 6750.00. Closing costs. 600. 7350.

The extra 75 points have some value. 1000.00. Difference is 2650.00.

These numbers can vary but to get 75 to 100 more points than you want locks you into annual dues for the remainder of term.

I think a lot of people on this board really talk down to someone for wanting convenience of direct and only a certain amount of points.

Buying direct can be an option that should be considered for smaller contracts because they do carry a premium and they are hard to find.

For 50 or less, I'd go retail in many situations. I think your numbers are exaggerated plus your math is wrong, the difference in your numbers is $3650. I think the closing on direct is more now and $600 on resale is on the high end, esp since one shouldn't need or pay for title insurance in this situation. By the time you adjust for lower per point on the larger contract and a more realistic difference on the closing, you're over $4K difference. One could pay the extra dues on 30 points (100-70), for 24 years roughly for the difference. If I were going to get retail anyway in this situation, no way would I do SSR or any lower demand resort. I'd go for VGF, VGC, ?Poly or CCV.

 

[DVCPGA]

Yes math may be off 100 on closing.

But I put dollar amount on 75 extra points if you buy before use year. They always include 2016 points for September if you buy in august or before. I said worth 1000. That's what 2650 was from.

I do understand resale value. I bought resale.

My thought is that prices will continue to rise and these small contract will resale at higher sale price when you sell.

I agree 50 points or less direct makes sense.

 

[KAT4DISNEY]

Yes math may be off 100 on closing.

But I put dollar amount on 75 extra points if you buy before use year. They always include 2016 points for September if you buy in august or before. I said worth 1000. That's what 2650 was from.

I do understand resale value. I bought resale.

My thought is that prices will continue to rise and these small contract will resale at higher sale price when you sell.

I agree 50 points or less direct makes sense.

But resale contracts may very well have the current points (they are not extra with direct - just current) and have the possibility of being loaded. Those are details in resale but you shouldn't automatically include a calculation that says resale won't have it. That calculation would be done for comparison once you actually found a resale.

As Dean pointed out - the dues that you mention being locked into? The difference in price direct to resale will pay for them for quite awhile.

 

[Dean]

Yes math may be off 100 on closing.

But I put dollar amount on 75 extra points if you buy before use year. They always include 2016 points for September if you buy in august or before. I said worth 1000. That's what 2650 was from.

I do understand resale value. I bought resale.

My thought is that prices will continue to rise and these small contract will resale at higher sale price when you sell.

I agree 50 points or less direct makes sense.

Obviously there are nuances that may vary from one situation to another. As Kathy points out, that one is getting "extra" points on a retail purchase is not accurate though it will vary with the contract. I'd simply wait on a contract that fit my needs for a price range that was appropriate, it may take a little longer if one isn't willing to open up to slightly larger contracts. An extra 25 or 30 points a year shouldn't be a deal breaker anyway. One may get more OR less on a resale purchase and one needs to factor that in for the comparison. The difference in closing in your 2 scenarios is likely closer to $250-300 at this point but will vary. I'd also point out that the idea that small contracts will continue to rise as fast or faster than the average for a given resort is an assumption, one I'm not willing to make and one I think is 50/50 at best long term. I wouldn't recommend anyone buy to sell later anyway so it should be irrelevant for most. For something that's likely to be difficult to find long term it is a somewhat different situation, say VGF for example. IMO for SSR, OKW or AKV there are probably no situations where buying retail for 75 or more points is reasonable and if I were going to buy retail for 75 or more, I wouldn't do so at SSR, OKW or AKV. 50 is about the crossover and even 50 can be VERY questionable at those resorts.

 

[icc2515]

I'd also point out that the idea that small contracts will continue to rise as fast or faster than the average for a given resort is an assumption, one I'm not willing to make and one I think is 50/50 at best long term.

I happen to agree with this. I think with all the people out there buying small 25-50 point contracts for the member extras we will start to see a glut of these small contracts on the resale market in the coming years. I already have seen plenty of Poly 25 point contracts. I feel these small contracts will actually fetch a lower price in the future compared to 100-200 point contracts. Think about it, 25 points at the Poly will get you like 3 nites every 3 years. You will have the high closing costs relative per point, plus no member benefits. In this case you would be better to buy 25 points direct. These contracts will sit and sit forcing lower prices. Right now they are a little rare, but in the future they won't be.

 

[Matty B13]

What for all the CCV 25 pointers as well, sure to come up in a year.

 

[_auroraborealis_]

What for all the CCV 25 pointers as well, sure to come up in a year.

They are not allowing 25 at CCV allegedly.

 

[Matty B13]

Yeah, I forgot. It will be interesting when the first 50 points show up for resale. At almost $2 MF per point over most of the other resorts I don't think it will take long.

 

[Nie0214]

Definitely think small contracts will be saturated in a few years, but still considering a 25 direct to make us "full members". The $250pp savings for the Gold Pass (which isn't guaranteed forever but can probably be counted on twice), helps bring an SSR direct in line with resale.

 

[Dean]

I happen to agree with this. I think with all the people out there buying small 25-50 point contracts for the member extras we will start to see a glut of these small contracts on the resale market in the coming years. I already have seen plenty of Poly 25 point contracts. I feel these small contracts will actually fetch a lower price in the future compared to 100-200 point contracts. Think about it, 25 points at the Poly will get you like 3 nites every 3 years. You will have the high closing costs relative per point, plus no member benefits. In this case you would be better to buy 25 points direct. These contracts will sit and sit forcing lower prices. Right now they are a little rare, but in the future they won't be.

I doubt the volume will be an issue but there are 2 realities with the smaller contracts. One is the closing is such a large component and the other is that there are a lot of things DVC could do that makes them either undesirable or at least not advantageous. The idea of paying more for long term insurance is simply unreasonable IMO. If one can get them for around the same price on the same deed then I'd do it but to pay $15-25 or more pp more, have them on separate deeds or to go retail just for the option are generally runeasonable IMO.

What for all the CCV 25 pointers as well, sure to come up in a year.

Are they not allowing 25 points at all or just not alone? I assumed they'd allow 25*2 for 50 total but maybe not. If not, that'd be smart of DVD going forward, IMO.

 

[Dean]

Definitely think small contracts will be saturated in a few years, but still considering a 25 direct to make us "full members". The $250pp savings for the Gold Pass (which isn't guaranteed forever but can probably be counted on twice), helps bring an SSR direct in line with resale.

IMO it's worth the gamble for many who are unqualified otherwise. The best situation is to plan that up front as part of the purchase process. Buy resale first then do the 25 points add on retail at the same resort or possibly at one that they plan to buy later.

 

[ELMC]

I have had a hard time finding the right contract with my use year on resale (70 to 100 pts Sept) so I am now thinking of maybe trying to buy new but at SS or AK, I tried to find the current prices but am not seeing anything? Anyone know what the current going rate for new is for the older resorts? I will still look resale but I need to find something in the next couple months. Also, I do already have points at Poly.

I'm assuming that you need to find something in the next couple of months because you are planning on making a reservation in that time. As others have suggested, you may give yourself more flexibility by renting or transferring points to cover that reservation. What I'd like to add is that you are looking to make a 40 year commitment to a timeshare purchase, and that is the time horizon that should be at the forefront of your thinking. While I know it's important to you now, this one reservation should not dictate how you make a purchase that you will have for the next 40 years.

I am in same situation. September use year.

I want to add on 50-75 points.

There are few contracts out there for September and this small.

Almost everyone on this board says buy resale just get more points.

However I don't want more points and more dues. I don't want to have to rent extra points out. I have a need for 50-75 more points. Not 100 or 160.

Buying direct for 50-75 is more money but with closing costs being a lot less and getting extra points if you buy before your use year it is an option.

75 points at SSR. 145x75. 10875.00. Plus closing. 100. 11000 approx

75 points resale. 90x75. 6750.00. Closing costs. 600. 7350.

The extra 75 points have some value. 1000.00. Difference is 2650.00.

These numbers can vary but to get 75 to 100 more points than you want locks you into annual dues for the remainder of term.

I think a lot of people on this board really talk down to someone for wanting convenience of direct and only a certain amount of points.

Buying direct can be an option that should be considered for smaller contracts because they do carry a premium and they are hard to find.

I'm not so sure I agree with some of the mathematical assumptions you have made here, but that's not entirely important. I've highlighted a few things you said because they are important. I understand what you're saying about not wanting more dues. Mathematically speaking, that is not a particularly strong argument because of the ability to rent out those points and actually come out ahead financially. The strong argument you make is when you say that you don't want to have to rent out the extra points. There you're making a choice to pay for convenience, and that is a personal choice that is specific to the individual. I know that I've done it in the past as well. In fact, anyone who has paid any of Disney's new surcharges for preferred parking, seating, transportation, viewing areas, etc. etc. has done so.

I would like to suggest that you look into the process of renting out extra points through one of the many point brokers that are out there. The process is incredibly easy. Just this morning I used www.dvcrentalstore.com to rent out a large number of extra points and the entire process took me 30 minutes, start to finish. Once you realize how easy it can be, that just might change how you view the math. In the meantime, please don't feel like you are being talked down to. The people who post on this board are good people who are truly looking to help others with no gain for themselves. Sometimes intent and tone can be implied when reading posts, but please know that the intentions are good.

 

[DVCPGA]

I'm assuming that you need to find something in the next couple of months because you are planning on making a reservation in that time. As others have suggested, you may give yourself more flexibility by renting or transferring points to cover that reservation. What I'd like to add is that you are looking to make a 40 year commitment to a timeshare purchase, and that is the time horizon that should be at the forefront of your thinking. While I know it's important to you now, this one reservation should not dictate how you make a purchase that you will have for the next 40 years.



I'm not so sure I agree with some of the mathematical assumptions you have made here, but that's not entirely important. I've highlighted a few things you said because they are important. I understand what you're saying about not wanting more dues. Mathematically speaking, that is not a particularly strong argument because of the ability to rent out those points and actually come out ahead financially. The strong argument you make is when you say that you don't want to have to rent out the extra points. There you're making a choice to pay for convenience, and that is a personal choice that is specific to the individual. I know that I've done it in the past as well. In fact, anyone who has paid any of Disney's new surcharges for preferred parking, seating, transportation, viewing areas, etc. etc. has done so.

I would like to suggest that you look into the process of renting out extra points through one of the many point brokers that are out there. The process is incredibly easy. Just this morning I used www.**************.com to rent out a large number of extra points and the entire process took me 30 minutes, start to finish. Once you realize how easy it can be, that just might change how you view the math. In the meantime, please don't feel like you are being talked down to. The people who post on this board are good people who are truly looking to help others with no gain for themselves. Sometimes intent and tone can be implied when reading posts, but please know that the intentions are good.

The information available here is amazing.

Your comments are well said and I can see come from experience. Thanks.