Cost Difference

[MSUmom]

I am interested in purchased resale. Hilton Head and Vero Beach are much cheaper. If I understand everything correctly, even if I purchased there I could still reserve at one of the resorts on Disney World Property. Point cost is almost half. What are the cons of doing this?

 

[DebbieB]

I am interested in purchased resale. Hilton Head and Vero Beach are much cheaper. If I understand everything correctly, even if I purchased there I could still reserve at one of the resorts on Disney World Property. Point cost is almost half. What are the cons of doing this?

Annual dues are higher, especially at Vero Beach. Both expire in 2042, where SSR, AKV & BLT expire 2054 or later. DVC reserves the right to limit you to your home resort.

 

[lisa3635]

Both HH and VB have the highest maintenance fees as well as short lives. I chose SSR because I wanted the longer life (2054 vs 2042, I believe) as well as the lower fees, I believe only BLT is less. I also wanted to make sure I was able to book somewhere at DW at 11 months. As OP stated DVC could restrict members to only being able to stay at their home resorts, I don't see this happening but if they did I'd be fine with SSR.

 

[disneynutz]

Purchase price is only one aspect of ownership. Location, dues, resort amenities, total cost for yearly vacations that increases every year, and the possibility that Disney could restrict where you stay and when you can book your reservation.

Do yourself a favor and buy where you love to stay.

Bill

 

[MSUmom]

Thank you all for your responses. It helps!

 

[Sandisw]

In addition, you will be limited to booking WDW to 7 months out. There are certain times of the year where you could run in to a problem with this in terms of possibly having to do a split stay, etc.

If your goal is to be at WDW, then there are a lot of benefits to buying at a resort there.

 

[JimMIA]

If you are interested in staying at WDW, you should look at Old Key West or Saratoga Springs instead. They're a little more to purchase than the other two, but their dues are WAY lower (and dues will be the main cost of ownership over time). In addition, they would give you a WDW home resort you could book at 11 months, rather than having to take table scraps at 7 months.

 

[luckyman_apd]

If you are interested in staying at WDW, you should look at Old Key West or Saratoga Springs instead. They're a little more to purchase than the other two, but their dues are WAY lower (and dues will be the main cost of ownership over time). In addition, they would give you a WDW home resort you could book at 11 months, rather than having to take table scraps at 7 months.

Yes this. If price is your biggest concern, you can do the math......the difference in per point price at purchase will end up being negated by the higher dues prices over the life of the contract....Especially at Vero Beach. It's a $2.43 difference is dues cost in 2011. at that's almost $250 a year on a 100 point purchase. The going rates average $47 for VB and $67 for SSR. So you'd save $2000 on the original purchase of VB. However, at $243 a year more in dues, in 9 years you will have paid that $2000 in higher dues for VB. And you will continue to pay more over the rest of the 20+ years on contract. HH will take you about double the time (at current dues prices) to make up the difference....but you would STILL make up the difference. AND on top of that, you will be giving up the ability to book at WDW 11 months out. So, if you are looking to purchase for WDW trips, buy a WDW resort. You won't save money over the long haul, and you will be happier.

 

[sweetdana]

Agree w/ most of the pp.
Stick with any DW location you will not be disappointed with; if your goal is DW.

SSR IMO is the best bang for the buck. In the 50s with a longer contract than even the Epcot resorts.

OKW is another good choice, less yrs, higher MF, but cheaper up front.