Discounts for cash purchase

[Dean]

The info I've seen suggested that around 25% extended initially (Maybe Tim has better info). With subsequent extensions and sold ROFR points, I'd estimate that it'll end up at roughly 1/3 extended owners and 2/3 will be "extended" but owned by DVD. While things will likely work out, IMO, it does present risk. It's an interesting discussion of what they might do as 2042 approaches, esp with OKW. For OKW will they resell the 15 years, shrink the resort, use it for college housing or try to rent it out.

 

[DVC Doctor]

Nobody knows for sure what will happen at OKW, but it is still a long way away

However, the simple fact that SSR has about 13 more years of life on average than OKW, and they are priced pretty close, it makes more sense to stick with SSR unless you love OKW and want to book that location at 11 months.

 

[BillPA]

It's not just OKW that has 2042 end it's also Vero, HHI, BCV, VWL, and BWV. DVD will need to figure out what to do with those 2000+ units. I don't see it just being an OKW problem.

 

[KAT4DISNEY]

It's not just OKW that has 2042 end it's also Vero, HHI, BCV, VWL, and BWV. DVD will need to figure out what to do with those 2000+ units. I don't see it just being an OKW problem.

None of the others have offered extensions though so this is a unique issue with OKW. They extended to anyone who wanted to which means that parts of units are extended but not all. So, you will have buildings at OKW with some owners that will continue to own and pay some sort of dues until 2057, but not 100% of that building will have owners until 2057. So, what about the remainder of the dues?

For the other 2042 resorts they'll just 100% be done and back to Disney in some way.

 

[_auroraborealis_]

Right. And given that ssR points are likely to be able to book OKW at 7 months 11.5 months of the year avoiding the risk altogether seems bueno.

 

[Dean]

It's not just OKW that has 2042 end it's also Vero, HHI, BCV, VWL, and BWV. DVD will need to figure out what to do with those 2000+ units. I don't see it just being an OKW problem.

As I acknowledged in my post above but OKW is unique due to the extension. Even if others are later extended, it'll still likely be unique.

 

[_auroraborealis_]

Right. Places like BCV, the entire resort is 2042 RTU. OKW has fractions of units that are 2042 vs. 2057. It's not even on a building-by-building basis due to how the extension occurred. Messy.

 

[Shellyred8]

My husband and I have moved to Florida and are now annual passholders...yay! ...and now I'm now seriously considering DVD. Both of my parents passed away in the last 10 months after battling dementia and I have the funds to pay cash. I'm thinking about buying between 150-200 points. Give me your opinions on new vs resale and if I can negotiate a better deal with cash over financing. Resort choices are OKW and SSR.

Since you live only a couple of hours away and would be able to take advantage of some of the DVC events that they are doing in the parks, it might be advantageous to have some of your points purchased Direct. So, buy 125 - 175 resale and then buy 25 or so direct. This will save you quite a bit of money on the purchase and you would still be able to take advantage of the DVC events. However, if you don't care about going to the DVC events, then I would say buy all of your points resale.

 

[bumbershoot]

The "discount" for buying with cash is you get to save hundreds/thousands of dollars in interest payments.

Yes.

We will be done with our loan in January. At that point I'm going to give myself a stroke by adding up what we've paid since 2009. That vs what the loan (autocorrect used "pain" instead of "loan" lol) was for is going to hurt. I don't regret it for our situation, and actually dealing with that loan helped us grow up financially when DH faced a sudden layoff just after the recision (that's not spelled right and autocorrect is failing me on it) period ended, and we saw the razors edge were on. For us it's money invested in acting like grown ups AND we have had some good extended family trips with it so there are no regrets.

But I don't recommend the loan for others. (if 10% interest sounds good to you because your auto loan from two years prior was at 25% because of "neutral" credit, you maybe should slow down with the Disney trips...not that we took that advice lol)

Excellent advice! I've done a lot of research through the years....we have always loved Disney. Even being 2 hours away the fact that our kids are grown and my husband works from home means we can pop over any time for the day or just a few hours or, with DVC, we could take a mini-vacation. My husband is also retired military so we can take advantage of the Salute to the Military tickets for our son who lives out of state and take a family vacation every year or two. I'm just trying to decide if it will be a good investment.

If you're going to be doing last minute trips I'd advise you that it might not always be possible. Admittedly recently I've been booking for higher demand times (Princess run weekend, Xmas, mid December), but I'm no seeing the ability to change things around like I did just a few years back. And that's for OKW and SSR, too. The availability just isn't there like it was.