Current Incentive Advice- To buy or wait....

[IloveDisney77]

Thanks in advance everyone!

Instead of buying a small contract resale at AKV(which is what I originally planned to get our feet wet), We've decided to make the plunge and buy via Disney since we really want the BLT contract. It is my understanding that the current incentives end on 6/15. We've also decided for purely personal reasons to break it out over 2 locations for the 11 month window. The plan is to switch off every other year by banking points at the off-year location. I've been working with my guide and have agreement for the following breakdown:

160 points total
120 for BLT at $98 per point
40 for AKV at $96 per point
Closing costs of $216.

Total of $15,600

In a nutshell, we are lucky that given the current economy we can afford this and pay it off over 6 months (Knock on wood!) My question is this, do ya'll think this is a decent deal (completely understand resale is way to go for savings but don't want to wait 12 to 18 months to get BLT resale and have to deal with looking for the right size deal)? I comfortable with it and am probably moving forward with it but would be really if the next set of deals are even better. This is our first buy-in (of course based on what I've read over the past few weeks will not be my last) and just want to make sure our first experience joining the DVC community is a pleasant one.

Thanks everyone..I've enjoyed all of the information ya'll provide!

 

[wishicouldgomoreofte]

Thanks in advance everyone!

Instead of buying a small contract resale at AKV(which is what I originally planned to get our feet wet), We've decided to make the plunge and buy via Disney since we really want the BLT contract. It is my understanding that the current incentives end on 6/15. We've also decided for purely personal reasons to break it out over 2 locations for the 11 month window. The plan is to switch off every other year by banking points at the off-year location. I've been working with my guide and have agreement for the following breakdown:

160 points total
120 for BLT at $98 per point
40 for AKV at $96 per point
Closing costs of $216.

Total of $15,600

In a nutshell, we are lucky that given the current economy we can afford this and pay it off over 6 months (Knock on wood!) My question is this, do ya'll think this is a decent deal (completely understand resale is way to go for savings but don't want to wait 12 to 18 months to get BLT resale and have to deal with looking for the right size deal)? I comfortable with it and am probably moving forward with it but would be really if the next set of deals are even better. This is our first buy-in (of course based on what I've read over the past few weeks will not be my last) and just want to make sure our first experience joining the DVC community is a pleasant one.

Thanks everyone..I've enjoyed all of the information ya'll provide!

Sounds great. Congratulations, and have fun. Do you have kids?
They will really enjoy AKL. Being able to walk to MK from BLT will sure be great though, too. Let us know when you close. Disney is real good about dong it quickly when you buy through them.

 

[bumbershoot]

Our guide never told us we could do funky things like that with splitting up our first purchase into two resorts. Harumph.

 

[Crystal_27]

First of all, congratulations! I think that it's great that you are able to split your contracts like that (I would have assumed that you would have had to buy a one resort with the full 160 points and then go from there). That's great to know for people who are in your similar situation.

About whether or not the incentives will change, no body really knows what the future holds. Before the new incentives were released in April, the rumors were all over the place aboout the new date - - from March 15th forward. If you are that worried about it, hold off on receiving your contract until early June. That way, if the incentives get better, given that you won't have yet closed, you can amend your contract to receive the new incentives. However, if you are happy with your current deal, just go ahead and pull the trigger so you can start planning for 2009!!

Again, congratulations!!

 

[Sandisw]

That sounds like a great deal and if that meets your needs, I would go for it! The other piece to remember is that if the incentives change on June 15th and you have not closed your contract, you can always negotiate for the new ones if they are better.

But, from what my guide told me as well, that the BLT incentives will not be replaced on the 15th (of course, that doesn't mean they will be gone for long) so getting it at $98.00 per point is great.

I am doing another add on there and will be doing it right before the 15th of June so that if new ones do come out, I can take advantage of it.

Also, do you own a Disney Visa? You can get 6 months, 0% interest on your purchase. Right now, it appears that many of us are getting it on all the charges we put on the card, not just our deposits!!

Good luck!!!

 

[IloveDisney77]

Thank You for your advice. Our guide said the splitting up of points was a recent option.