Current Magical Beginnings promotion with Direct

[Pluto1976]

If you sell back current year’s points for $22pp, you’ll also get $3,300 rebate on 150pts.

Made our total purchase price under $25k including closing costs and prorated dues for 2023.

We expect to get that check within 4 weeks of closing.

Is there an option to just roll the rebate back into the purchase instead of having to wait for a check after the transaction?

 

[Genie+]

Is there an option to just roll the rebate back into the purchase instead of having to wait for a check after the transaction?

No I don’t think so.

 

[Genie+]

We don’t plan on selling our direct contract down the line but it does make me comfortable that if we decided to sell, VGF’s value may be boosted in comparison to resale restricted resorts.

Nobody knows for sure trying to speculate. Still, that aspect made me feel even better about these summer incentives. VGF may be one of the last, maybe even the last, direct resorts that can be resold with ability to trade in the O14.

 

[DanCali]

Is there an option to just roll the rebate back into the purchase instead of having to wait for a check after the transaction?

No, it's specifically a rebate. But we went through one of these recently and the check arrived even before the credit card payment was due.

I believe you must pay a certain amount for them to be able to generate the rebate. For example, if you pay just a 10% deposit, that may not be sufficient, and you may have to wait until you pay a greater amount. In our case we just paid in full via credit card right after the 10-day recission period ended, and the check came 1-2 weeks later. There was also some urgency on my end (perhaps on their end too) since we bought June use year in May, and I wanted to make sure they took the 2022 points before they expired, so I paid it all earlier rather than later.

 

[Littlelulu01]

Not gonna lie, I'm a little irked that I could get Riv points now for less than I paid in Jan 2020 We bought 300 points and got 4K off so we paid 174/pp. Full price then was 188.

Buuuuutttt, this might be a reason to buy more lol. Our first purchase is 2 150 pt contracts and has my husband, sister in law and her husband and I on all of them. We vacation with them every year anyway, so it works and I don't think it'll ever be a problem. But we could buy more and have our own seperate contract....

I was irked for a minute but remembered I’ve had 5 use years of points that today’s lower price contract doesn’t come with. And when they first opened Aulani back up they had a screaming deal for dvc - every the 5th night free if using points. We went on a long and much needed vacation and took full advantage of the offer with our Rivera points. I came across other families who had done the Same thing and were spending several weeks and just working remotely. Having that opportunity was priceless and without the points we would not have been able to get a cash room as they had that section of the resort shut down along with the majority of hotels on the island.

Regardless of how your points were spent, the Rivera contract you have that cost a few $ more has at this point almost certainly paid for itself in savings.

 

[Sandisw]

I never really said they go up in value, and would not expect that. I said that if you but VGF direct at $161 today, then in 7-10 years you may recoup most or all of your money if you decide to divest. Maybe it will be $170, maybe it will be $120 - either of those might be the reality down the road. But it's a desired monorail resort and a subsequent buyer would be able to use it at 14 resorts for several more decades.

What I also said is that if you buy Poly2 at $230, you're pretty likely to lose 50% or more of that if you sell it in 7-10 years. That's a loss of $12-$15 per points a year in addition to annual dues. This is generally true today even for Poly1 where you can buy direct for $250/point but can only sell it for around $140 less ~10% broker fees - so call it a 50% loss. And I can't see Poly2 (presumably restricted) selling on the resale market for more than Poly1, which is currently unrestricted.


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Maybe that is why we differ. I think It’s risky to assume that VGF in 7 to 10 years will still be close to $160 just because it’s a MK resort.

While I don’t expect resale to completely collapse, I think if there continue to be new resort options for direct, it’s going to be worth it for people to choose that over resale, which may make it harder to find a buyer like it is today., Not to mention that the addition of the resort studios has changed things for booking studios there at 7 months.

Now, buying direct at $160 reduces the potential loss over something bought over $200…I agree with you there…but, I think it’s just as likely that in 10 years something like VGF is going to have dropped even more than it has in the past year…

Why I believe that resale value should never be part of the decision. If one needs or even expects it to be sold with little to no loss of purchase, one is setting one’s self us for potential disappointment.

 

[Pluto1976]

No, it's specifically a rebate. But we went through one of these recently and the check arrived even before the credit card payment was due.

I believe you must pay a certain amount for them to be able to generate the rebate. For example, if you pay just a 10% deposit, that may not be sufficient, and you may have to wait until you pay a greater amount. In our case we just paid in full via credit card right after the 10-day recission period ended, and the check came 1-2 weeks later. There was also some urgency on my end (perhaps on their end too) since we bought June use year in May, and I wanted to make sure they took the 2022 points before they expired, so I paid it all earlier rather than later.

Thanks for the heads-up. If we did this, I was hoping to use the buyback rebate toward the down payment at transaction time to make the initial financed amount less (i.e. lower payments). But it makes sense they wait until after the recession period to send it.

 

[stevehudd]

Maybe that is why we differ. I think It’s risky to assume that VGF in 7 to 10 years will still be close to $160 just because it’s a MK resort.

While I don’t expect resale to completely collapse, I think if there continue to be new resort options for direct, it’s going to be worth it for people to choose that over resale, which may make it harder to find a buyer like it is today., Not to mention that the addition of the resort studios has changed things for booking studios there at 7 months.

Now, buying direct at $160 reduces the potential loss over something bought over $200…I agree with you there…but, I think it’s just as likely that in 10 years something like VGF is going to have dropped even more than it has in the past year…

Why I believe that resale value should never be part of the decision. If one needs or even expects it to be sold with little to no loss of purchase, one is setting one’s self us for potential disappointment.

It is impossible to predict future values apart from the near certainty that appreciation and/or retained value of points will not be as beneficial to owners as it has been over the last thirty years. Despite converting bpk to dvc and reducing gf availability on the hotel side, there is still excellent availability at grand Floridian on the cash side. If they ever decided to convert another of the out buildings to dvc it would crater gf resale prices.

Ultimately, the value of your dvc points is near 100% dependent on the continued desirability of disney world as a vacation destination.

 

[Jwaire]

Dumb question, but what happens if you have a Feb use year and you add-on points at the Villas at Disneyland Hotel? I assume you don't get anything until next year?

Are they letting you sell next year's points?

 

[WDWfantasy]

Dumb question, but what happens if you have a Feb use year and you add-on points at the Villas at Disneyland Hotel? I assume you don't get anything until next year?

Are they letting you sell next year's points?

I have a February use year and considered buying VDH. I would have received 2023 points to use or sell back to get the $22 per point Magical Beginnings rebate.

 

[Sandisw]

Dumb question, but what happens if you have a Feb use year and you add-on points at the Villas at Disneyland Hotel? I assume you don't get anything until next year?

Are they letting you sell next year's points?

The promo is selling first yes points so a Feb UY would the the 2023 points.

Your first set to use would then be Feb 2024, which could be used by borrowing for trips from opening day until Jan 31st

 

[vacay77]

Dumb question, but what happens if you have a Feb use year and you add-on points at the Villas at Disneyland Hotel? I assume you don't get anything until next year?

Are they letting you sell next year's points?

Exactly what @Sandisw and @WDWfantasy wrote I have a Feb use year and recently added on to VDH. I sold my 2023 points but I can still book a trip this year if I borrow points from 2024.

 

[take36]

Not gonna lie, I'm a little irked that I could get Riv points now for less than I paid in Jan 2020 We bought 300 points and got 4K off so we paid 174/pp. Full price then was 188.

It's because we are spoiled. DVC should/is? decreasing in value as there are less years left with each passing year but beacause of the fandom, they do not depreciate and paradoxically increase in value.

 

[DanCali]

Except, not everyone realizes that selling one of the 75 would be a lose of benefits.

But, in the end, you are right that the contract qualifies you so one or two doesn’t matter.

Do the DVC-Y blue card benefits apply across accounts?

Here's what I mean - Suppose one has 2 use years and has direct purchases of 150 points in each of them (say 100+50 points in each use year). Then they make a decision to sell the 50 points contracts in both use years. Does that owner still have the blue card benefits since they still own 200 direct points? Or do the points have to be in the same use year for it to count?

With multiple use year, the online temporary membership card seems to be generated by account number, so I suspect maybe the answer is that the points need to be in the same use year. But I don't really know how it actually works.

 

[Sandisw]

Do the DVC-Y blue card benefits apply across accounts?

Here's what I mean - Suppose one has 2 use years and has direct purchases of 150 points in each of them (say 100+50 points in each use year). Then they make a decision to sell the 50 points contracts in both use years. Does that owner still have the blue card benefits since they still own 200 direct points? Or do the points have to be in the same use year for it to count?

With multiple use year, the online temporary membership card seems to be generated by account number, so I suspect maybe the answer is that the points need to be in the same use year. But I don't really know how it actually works.

You have to maintain the minimum in at least one membership. So, you can not have 100 points in one membership and 100 points in another and still be eligible for DVC -Y because those memberships are then ineligible.

 

[Sandisw]

Adding that as long as someone is eligible for DVC Y, then you are eligible to take advantage of the benefits even if staying on a reservation that is part of an ineligible membership.

For example, when my Dec UY was not a qualified, I still got my discounts.

Of course, where one can use points doesn’t have anything to do with being elgible for DVC Y benefits.

Resale points bought today can not be used at RIV, VDH, and presumably all future resorts, even when a contract is added to a membership that has at least 150 qualified direct points.

 

[nalabear]

I think one needs to be careful to assume contracts will go up in value just because they have in the past or they exist without resale restrictions.

In 10 years from now, if someone is trying to sell, there are going to be a lot of resorts that resale points won’t be good at, and they will have only 8 years left on them to be used at Epcot area resorts.

I am not convinced that any DVC resorts bought today will be worth the same or more than what has been paid.

We have seen what happens when DVD plays with their pricing and lack of ROFR. Plus, we do not yet have confirmation about Poly tower being a new resort.,.,although I am convinced it will be.

To be fair, I never advise people to use resale value as part of the equation…buy at the resort you want to be at, buy for use, and anything gotten back when you sell as a bonus.

DVC has been the relative exception to the resale value compared to rest of timeshare world. It's a unique phenomena much like the theme parks themselves compared to other theme parks on costs.

 

[DanCali]

DVC has been the relative exception to the resale value compared to rest of timeshare world. It's a unique phenomena much like the theme parks themselves compared to other theme parks on costs.

This is true, but I would argue that much of it is attributable to the lack of resale restrictions (until recently).

A resale purchase that can be used at 14 DVC resorts is much more attractive to a resale buyer than a resale resort that can only be used at a single place. It will be interesting to see if and how resorts like RIV and VDH maintain their resale prices over time relative to similar resorts with similar expiration dates.

 

[Sandisw]

DVC has been the relative exception to the resale value compared to rest of timeshare world. It's a unique phenomena much like the theme parks themselves compared to other theme parks on costs.

I don’t disagree about the past except the product is changing. That change may very well make things in the resale market act differentl.

As I said, as long as parks exist, they will hold a better value than a random timeshare elsewhere. But, if in 20 years, the resale contracts from the original resorts are limited to VGF, PVB, CCV, BLT, SSR, OKW, and AKV, it’s simply not going to be worth as much to a new buyer today,

No Epcot resort and my guess those that own at the near park resorts could trade out less than now because the options are limited,

I know it’s only been a one year situation, but even people who bought resale in 2021/2022 and had to sell this year, would take a hit in selling. So, I just think it’s a risk to assume that this new DVC system will mean people can sell down the road for close to what they paid.

 

[MyDogTink]

Spoke with my guide the other day and he says sales are brisk. Which tells me it's not going to get better than this. Which sucks because I was going to get my blue card and then lost my job. Can't really justify it and know this is going to haunt me years from now

I hope things turn around for you quickly. And you never know if their incentives get better.