Current Magical Beginnings promotion with Direct

[HyperspaceMountainPilot]

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.

Using an inflation calculator, $2.90 in 2012 is worth $3.86 today, so about 41 cents better (though not counting all the membership fees paid over the past 11 years)— if you used or rented (above annual fee costs) all your points over the last 11 years, you do come out ahead—but honestly, I’m surprised to see the functional price is as close as it was more than a decade ago.

 

[emchen]

Using an inflation calculator, $2.90 in 2012 is worth $3.86 today, so about 41 cents better (though not counting all the membership fees paid over the past 11 years)— if you used or rented (above annual fee costs) all your points over the last 11 years, you do come out ahead—but honestly, I’m surprised to see the functional price is as close as it was more than a decade ago.

Love these forums, I learn new things everyday! Experts abound in the DisBoards!

 

[HyperspaceMountainPilot]

Love these forums, I learn new things everyday! Experts abound in the DisBoards!

I am (at best) an armchair macroeconomist— but it occurred to me after posting that it is pretty cool that VGF has held its value (and gained a significant return) even after inflation, despite the fact that the new VGF building means it’s still actively selling and being heavily discounted by DVD.

 

[achinforsomebacon]

I've read multiple times that contracts can be rewritten after the 10 day rescission period if they haven't actually closed. Assuming that's true, how would that work if you already did Magical Beginnings for 2022 points and your 2023 use year has already started? I would think you would lose MB if you rework to get the new incentives since the 2022 is gone but those points that were sold back didn't disappear. They have been used or banked into 2023. Unwinding all of that would be a mess.

 

[intamin]

I've read multiple times that contracts can be rewritten after the 10 day rescission period if they haven't actually closed. Assuming that's true, how would that work if you already did Magical Beginnings for 2022 points and your 2023 use year has already started? I would think you would lose MB if you rework to get the new incentives since the 2022 is gone but those points that were sold back didn't disappear. They have been used or banked into 2023. Unwinding all of that would be a mess.

They don't send the magical beginnings reimbursement until weeks later (I'm pretty sure 6-8) long after the contract has closed and can't be rescinded. Likely to avoid such a scenario.

 

[Flash_Sloth]

They don't send the magical beginnings reimbursement until weeks later (I'm pretty sure 6-8) long after the contract has closed and can't be rescinded. Likely to avoid such a scenario.

Correct, they won't send the MB check until after final payment & closing, but it doesn't take that long. I received my MB check approximately 10 days after my final payment / contract closing.

 

[emchen]

I've read multiple times that contracts can be rewritten after the 10 day rescission period if they haven't actually closed. Assuming that's true, how would that work if you already did Magical Beginnings for 2022 points and your 2023 use year has already started? I would think you would lose MB if you rework to get the new incentives since the 2022 is gone but those points that were sold back didn't disappear. They have been used or banked into 2023. Unwinding all of that would be a mess.

Actually it is barely an inconvenience with MS on the phone, from personal recent experience with VDH purchases.

I admit it was not a scenario where I lose MB but rather where I added it; after signing, but before closing. I had already made reservations but the kind CM patiently unwound the 2022 points and applied 2023 points to each reservation.

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Click here to read about the 1st step in our DVC journey to 1152 points.

 

[thelionqueen]

They don't send the magical beginnings reimbursement until weeks later (I'm pretty sure 6-8) long after the contract has closed and can't be rescinded. Likely to avoid such a scenario.

It’s actually much quicker that they send the MB reimbursement. Most mention receiving it within 3 weeks after closing

 

[Sandisw]

I've read multiple times that contracts can be rewritten after the 10 day rescission period if they haven't actually closed. Assuming that's true, how would that work if you already did Magical Beginnings for 2022 points and your 2023 use year has already started? I would think you would lose MB if you rework to get the new incentives since the 2022 is gone but those points that were sold back didn't disappear. They have been used or banked into 2023. Unwinding all of that would be a mess.

If you were to cross the UY in which you were selling back points and those would no longer exist due to the rewrite, you’d be selling back the new UY.

And, while there are some reports that they have had success, I have read where people were not allowed to do it.

 

[emchen]

If you were to cross the UY in which you were selling back points and those would no longer exist due to the rewrite, you’d be selling back the new UY.

And, while there are some reports that they have had success, I have read where people were not allowed to do it.

Must be when the Guide sends it to “quality” to review the contract, or for “approval”. It was a consistent step in my Guides spiel this year when it came to changes, requests, and rewrites.

 

[garalex]

why it named "Magical Beginning" when effectively for new members it delays time when they could start using points/make reservations.. making "beginning" postponed not magically at all?

 

[aceshigh73]

why it named "Magical Beginning" when effectively for new members it delays time when they could start using points/make reservations.. making "beginning" postponed not magically at all?

Because Disney is a master at making you feel great when spending thousands of dollars for a hotel room.

 

[Flash_Sloth]

why it named "Magical Beginning" when effectively for new members it delays time when they could start using points/make reservations.. making "beginning" postponed not magically at all?

Your first year's points magically disappear? I'm sure the marketing department spends a lot of time and effort to sugar coat things that are less than pleasant. For me as an existing DVC member, I have an Oct UY, and I've already planned my trips for the rest of 2023 and planned some of them for 2024. I prefer the Magical Beginnings $ rebate for my 2022 points at this point.

But I agree, for new members, it can significantly delay when they can first use their points for their expensive $25k+ purchase. At least you have the option of choosing whether or not to do MB if you buy 150+ points.

 

[Sandisw]

why it named "Magical Beginning" when effectively for new members it delays time when they could start using points/make reservations.. making "beginning" postponed not magically at all?

Many new buyers are buying onsite and while in a trip..so maybe, it’s a way to start your ownership with a magical incentive.

And, depending on when one buys, it’s not necessarily going to be a long time before one can travel.

If I buy a Dec UY right now, I’d be able to sell back 2022 points and travel as early as December, if I didn’t borrow.

But obviously it sounds magical!!

 

[garalex]

Many new buyers are buying onsite and while in a trip..so maybe, it’s a way to start your ownership with a magical incentive.

And, depending on when one buys, it’s not necessarily going to be a long time before one can travel.

If I buy a Dec UY right now, I’d be able to sell back 2022 points and travel as early as December, if I didn’t borrow.

But obviously it sounds magical!!

VDH current UY is March or April, so you would sell back 2023 points and plan vacation for 2025 mostly... not a magical beginning

 

[radiodome21]

My use year at VGF is February. Had I kept them I would’ve had until 9/30 to bank them, which is what I would’ve done. A trip to Disney is isn’t in the cards until next year, spring at the earliest which is when I can use my points anyway.

 

[achinforsomebacon]

If you were to cross the UY in which you were selling back points and those would no longer exist due to the rewrite, you’d be selling back the new UY.

And, while there are some reports that they have had success, I have read where people were not allowed to do it.

I assumed this is what would happen but how does it get unwound if the points have been used by Disney? The points would have been banked into 2023 since it was an August UY. Theoretically they could have been used already but maybe they are kept separate until the contracts have closed to prevent any issues. Or does it not matter since Disney would have access to these points if the contract was never sold anyway?

 

[Unclelude]

FWIW,

Not the same thing as a rewrite, but related to timing...

We have Sept. use year. I called my guide last Sunday thinking about 150 at VGF... he said you had to buy 4 days before the end of the use year (Aug 27 - last Sunday, what a coincidence!) in order for the points to be eligible for Magical Beginnings ...

We didn't buy, but I wonder if I called back with 27k in hand if they would still honor it ... hehe ... part of me wants to call his bluff

 

[Genie+]

FWIW,

Not the same thing as a rewrite, but related to timing...

We have Sept. use year. I called my guide last Sunday thinking about 150 at VGF... he said you had to buy 4 days before the end of the use year (Aug 27 - last Sunday, what a coincidence!) in order for the points to be eligible for Magical Beginnings ...

We didn't buy, but I wonder if I called back with 27k in hand if they would still honor it ... hehe ... part of me wants to call his bluff

That’s consistent with what others have reported even months ago. MB paperwork needs to be completed 4 days before that UY ends.

Could they get an override? Not sure. I haven’t seen any reports of that happening though.

 

[Genie+]

VDH current UY is March or April, so you would sell back 2023 points and plan vacation for 2025 mostly... not a magical beginning

There’s 4 active resorts. The other 3 had 2022’s points possible.

It was a magical beginning for us. We bought Sept UY and sold back ‘22pts for $22 each with paying very little in dues toward them. We already had big trips booked for Dec ‘23 and May ‘24 so really didn’t want/need double points to start. There’s still 41 years of VGF points left for us.