Buying Resale vs BLT

[GoofItUp]

I saw a nice contract come out for BCV that I was interested in, but when doing the math, it seems that buying BLT would be a better deal. Am I doing something wrong?

BCV: 100 pts @ $93/pt. $5.00 MF. Ends 2042.
BLT: 160 pts @ $101/pt. $3.67 MF. Ends 2060.

Assume a 3% annual increase on MF. In the year 2042, I will have spent $38,165 total on the BCV contract. That's about $381/pt. In the same year, I will have spent $50,059 on the BLT contract, which is about $313/pt. If you do the math on out to 2060 for BLT, I will have spent $87,620 total, which is about $547/pt.

I realize that the BCV is a lower investment up front because there are fewer points. But, I could have the BLT contract until 2049 before it exceeds the per point cost of this particular BCV contract. So, if I had the money to buy in at 160 points, it seems I would be better off with BLT.

Ok....if anyone is still reading this post at this point, does this make sense? Or have I missed something?

 

[DVCGeek]

I agree with your math. I think it is the best deal going with DVC, and that is one part of why I recommend BLT as a rule (and bought my master contract there). HOWEVER, if you want to usually stay at a different resort (because of lower points per night, don't like BLT's decor, etc.) then you should seriously consider buying somewhere else rather than chance it at 7 months.

 

[Kmango]

The real question is, at which resort would you prefer to stay? As is the DIS-DVC manta, get a good deal, but buy where you want to stay.

 

[bangzoom6877]

Buy where you want to stay. Is being in a resort on the monorail line very important to you? This is one of the reasons people buy at BLT. Another reason is to get the MK view and stay on points without using the astronomical point "cost" to stay at a monorail resort in the Disney Collection!

We bought at BWV, resale. We were looking at BWV and BCV because of location (close proximity to Epcot's WS, in particular). When I learned more about each resort, and when I saw resale prices and points needed to stay at each for our family's needs, BWV outweighed BCV, for us. We liked the fact that a standard view is fewer points than a villa at BCV, and that the cost was less per point for resale than BCV. We also liked the fact that BWV has the Community Hall right there, all the shopping and dining and entertainment on the Boardwalk right there. And the BC/YC is still right across the lake for movie nights at BC and for dining. We knew that many people buy at BCV for Stormalong Bay, but that was not a selling feature for us. The pool at BWV is beautiful in our opinions, and is great for our family too.

When I did my DVC research last year, I learned that if you are going to book your trips more than 7 months in advance, it is best to buy where you want to stay! Good luck!

 

[cvjw]

I don't know if this would change your BCV calculations, but we just closed on a loaded BCV contract for $83 a point.

 

[GoofItUp]

Update......

Despite my spreadsheet showing the cost per point analysis, DH and I decided to put an offer in on the BCV contract. It was accepted by the seller. We probably paid a little on the high side, but in the grand scheme of things it was only a few hundred dollars difference. It was the contract we wanted at a lower up-front cost, so we are now waiting on the purchase agreement to be e-mailed to us.

DH and DS#1 stayed at BCV on a trip in March and DH fell in love with it. He loved the location, the pool, the location, the decor, the location, the room, and the location. So, in keeping with the "buy where you want to stay" cheerleaders on here, that's just what we did.

The one down side: we have a big family trip for June 2010 that we are planning on using 2008, 2009, and 2010 points (we have a Sept UY) so that will tap our points for a while. Looks like we're going to need to add on before too long. Wow, that add-on-itis does start quick, huh?!

 

[buzz5985]

Update......

Despite my spreadsheet showing the cost per point analysis, DH and I decided to put an offer in on the BCV contract. It was accepted by the seller. We probably paid a little on the high side, but in the grand scheme of things it was only a few hundred dollars difference. It was the contract we wanted at a lower up-front cost, so we are now waiting on the purchase agreement to be e-mailed to us.

DH and DS#1 stayed at BCV on a trip in March and DH fell in love with it. He loved the location, the pool, the location, the decor, the location, the room, and the location. So, in keeping with the "buy where you want to stay" cheerleaders on here, that's just what we did.

The one down side: we have a big family trip for June 2010 that we are planning on using 2008, 2009, and 2010 points (we have a Sept UY) so that will tap our points for a while. Looks like we're going to need to add on before too long. Wow, that add-on-itis does start quick, huh?!

Look on the bright side - now you can add on at BLT. LOL Congratulations on your purchase.

Janis

 

[DVCGeek]

DH and I decided to put an offer in on the BCV contract. It was accepted by the seller.

Congrats!!!

Wow, that add-on-itis does start quick, huh?!

Yup, SURE does!!! We already added on to VGC and haven't stayed on regular points or in a DVC property yet! We've booked resieis already using ALL out 2009 UY points on both our contracts + 3/4 of our BLT contract's 2010 UY points!!! BUT, at least we did use BLT dev. points to stay at the Grand Cal. Hotel. Vicious circle but great marketing! DVD gave us dev points - we loved where we stayed on them - we bought there!!!

 

[chalee94]

Despite my spreadsheet showing the cost per point analysis, DH and I decided to put an offer in on the BCV contract. It was accepted by the seller. We probably paid a little on the high side, but in the grand scheme of things it was only a few hundred dollars difference.

if you prefer to stay at BCV and can book closer to 10-11 months in advance, i think you'll be a lot happier with this choice... (well...until 2043 maybe... )

 

[GoofItUp]

if you prefer to stay at BCV and can book closer to 10-11 months in advance, i think you'll be a lot happier with this choice... (well...until 2043 maybe... )

But by 2043 there's no telling where all I'll own DVC points!

 

[katieandemismom]

Congratulations!

We just bought at AKV and added on 150 pts at BWV before we were even officially in the system (both were resale contracts, and we started w/ 100 pts at AKV). I realize almost immediately that we "needed" more points - lol - so when I saw a great BWV contract, we jumped on it. My girls are 6, and I know they'll be into Hollywood Studios eventually and the location looks fantastic. I personally love Epcot so it looks like a good fit for us.

Hope you clear ROFR quickly!