I agree. It is definitely kind of right on the edge of what I would consider a safe purchase but I’m going to have to do some checking on a few things first.
I do see where the $22 buy back is a little misleading, but the main "perk" of buying direct was always receiving current UY points. I would be hard pressed to find a resale contract with full 2022 points intact. They wouldn't be bankable for any UY at this point and the seller would request full dues on them if they existed. Plus points would be restricted and I couldn't pick contract sizes. As for renting, it's hard to say "rent 150 points." You would need to find someone that wanted a reservation that happened to use the entire UY without stranding any or dipping into the next UY and willing to rent with you directly for $22+ since brokers are all about $18 in the 7-11 month window.
The strategy is to get the best deal possible. Whether that’s with the current or next round of incentives. The contract doesn’t close until it’s paid in full (with or without financing) with all the signed documents and past the recession period. That’s why DVC would be willing to re-do it before the deal is closed imo.
Based on Florida timeshare law you have 10 days essentially to rescind the contract. You want to sign your documents ideally a couple days before the current round of incentives end. If the next round of incentives is better, you just contact your guide and tell them you want to cancel your contract and redo it with the current round of incentives.
It's available for your first DVC contract
Im also a March UY, but decided to add a Dec UY to get the best incentives. I’d def want to keep all my points in March, but the incentives were too good to do so. I chose Dec to get as close to March as I could
the math is I believe 161 pp for 150 points.
Depends on how you do the math...
TY; no one has the ability to go back in time so only comparisons to purchase is today's direct +incentives vs resale.Depends on how you do the math...
For instance, we bought VGF1 at offering at $145 per point. For a 150 point contract, that is $21,750 (and at that time, I don't believe there were closing costs when purchasing direct), so for 50 years of points (or 7,500 points) it breaks down to $2.90 per point.
Using MB currently, you'd have 39 years of points at $161. For a 150 point contract, that is $24,150+closing costs(let's say $850) for a total of $25,000, so for 39 years of points (or 5,850 points) it breaks down to $4.27 per point.
So, one could argue that even with this, VGF is 47% more expensive, even with MB, than when it went on sale.
Yes, it's $161.10 per point on 150 points + closing. You sell back the current 2022 UY points and get a $3,300 rebate check after you close. You must purchase at least 4 days prior to the end of the UY to take advantage of Magical Beginnings. Full 2023 allotment is there 12/1/23 and you can start booking with them the minute they are loaded (you do not need to close first). 2022 points will also get loaded, but taken away a day or 2 later.
Fair point, but you are still buying a resort with 39 years left versus the full compliment. While I am indifferent about RIV, I think with the additional years on the contract it would be a better play if it weren’t restricted…
Great buy for sure!
