DVC resale changes coming!?!

[marie1981]

I do not really agree with two systems.

It would also mean that, as a owner, I would have to deal with those two systems also. What happens if I need points from both systems to make a new reservation ?

I still beleive that there should be no difference between resale and direct because all points originated from direct sales. Resales points are just points that changed owner, period.

I can understand that resale market hurt Disney direct market, but I beleive more in incentives like 'free annual passes' , 'free fast pass' 'free TIW' anything they can think of to attract direct sales buyers, but I would not create two classes. We are the one that will suffer if we have to sell our DVC.

 

[Paula Sedley-Burke]

Forgive me for asking but where did the rumour they were creating two systems come from? I hope not I was just getting my head around the resales no resort hopping potential. Was this suggested by a CM also?

 

[tjkraz]

Forgive me for asking but where did the rumour they were creating two systems come from?

It's not even a rumor. It's just discussion of something which other timeshares have implemented and is theoretically possible for DVC to mirror.

 

[Paula Sedley-Burke]

It's not even a rumor. It's just discussion of something which other timeshares have implemented and is theoretically possible for DVC to mirror.

I see thank you! From the UK so limited experience of timeshare. We only have the dvc because we liked the idea it was a club rather than something static.

 

[Dean]

I do not really agree with two systems.

It would also mean that, as a owner, I would have to deal with those two systems also. What happens if I need points from both systems to make a new reservation ?

I still beleive that there should be no difference between resale and direct because all points originated from direct sales. Resales points are just points that changed owner, period.

I can understand that resale market hurt Disney direct market, but I beleive more in incentives like 'free annual passes' , 'free fast pass' 'free TIW' anything they can think of to attract direct sales buyers, but I would not create two classes. We are the one that will suffer if we have to sell our DVC.

All you truly own is a given home resort. It really doesn't matter what the existing members want if DVD decided to go this way. They only way to make either this type of system or a VIP system work it to make those on the outside feel pain. You can't do it simply by adding to the new option, you have to take away from those in the old option in one way or another.

 

[going/again]

I still beleive that there should be no difference between resale and direct because all points originated from direct sales. Resales points are just points that changed owner, period.

Can someone clarify for me If I buy points resale they have certain restrictions on them, but if I buy points from DVC that they have bought through ROFR they dont, Are they both not resale points is this even legal?

 

[luckyman_apd]

Can someone clarify for me If I buy points resale they have certain restrictions on them, but if I buy points from DVC that they have bought through ROFR they dont, Are they both not resale points is this even legal?

If you buy resale now, you are NOT buying from Disney. Disney sold it already, and you are buying from another owner. However, if Disney ROFR a contract, they sold it once, are buying it back and repackaging it to you as a direct purchase.

Think of it like you buy a chevy, but in 3 years you trade it in to a Honda dealer. They resell it, and Chevy makes no profit from it. But if you trade it back in to a chevy dealer, they resell it and keep the profits themselves.

Except, it's not a car, where depreciation is involved. Points are points. If you buy them from Disney whether new from AKV, or ROFR points from BCV, they are still being bought from Disney, and they make a profit, and you get direct purchase status. If you buy those BCV points from resale, Disney makes no money off it, and sets the restrictions. It's perfectly legal, as it has been implemented and done already. It's really up to you if you want to pay Disney a higher price without the restrictions in place.

For me, I chose resale, because the restrictions were not something I planned on using anyway, but for others it might be a different story. For Disney to impose New restrictions, that is their perogative and I don't have an issue with it, as long as it doesn't destroy or degrade the Club as a whole. If current users encounter difficulty in bookings or reservations because of restrictions they put on a certain segment, I would see it as a detriment to the whole and that would be a shame.

Offering perks for direct purchases would be a good customer service move, but not necessarily the best business move.

 

[Breyean]

If you buy resale now, you are NOT buying from Disney. Disney sold it already, and you are buying from another owner. However, if Disney ROFR a contract, they sold it once, are buying it back and repackaging it to you as a direct purchase.

Think of it like you buy a chevy, but in 3 years you trade it in to a Honda dealer. They resell it, and Chevy makes no profit from it. But if you trade it back in to a chevy dealer, they resell it and keep the profits themselves.

Except, it's not a car, where depreciation is involved. Points are points. If you buy them from Disney whether new from AKV, or ROFR points from BCV, they are still being bought from Disney, and they make a profit, and you get direct purchase status. If you buy those BCV points from resale, Disney makes no money off it, and sets the restrictions. It's perfectly legal, as it has been implemented and done already. It's really up to you if you want to pay Disney a higher price without the restrictions in place.

For me, I chose resale, because the restrictions were not something I planned on using anyway, but for others it might be a different story. For Disney to impose New restrictions, that is their perogative and I don't have an issue with it, as long as it doesn't destroy or degrade the Club as a whole. If current users encounter difficulty in bookings or reservations because of restrictions they put on a certain segment, I would see it as a detriment to the whole and that would be a shame.

Offering perks for direct purchases would be a good customer service move, but not necessarily the best business move.

Just to add to your car analogy, points do depreciate sort of like a car, as the end date of the resort's contracts draws closer. Fewer years on the contracts = less value of the points.

In addition, I would add buying from Disney direct at a sold out resort is sort of like getting a used car, but from the dealer who has certified it. Costs more to do that, but you get the warranty coverage, just like buying "used" points from Disney costs more, but you paying that in the hope that restrictions will not affect you.

 

[going/again]

If you buy resale now, you are NOT buying from Disney. Disney sold it already, and you are buying from another owner. However, if Disney ROFR a contract, they sold it once, are buying it back and repackaging it to you as a direct purchase.

Think of it like you buy a chevy, but in 3 years you trade it in to a Honda dealer. They resell it, and Chevy makes no profit from it. But if you trade it back in to a chevy dealer, they resell it and keep the profits themselves.

Except, it's not a car, where depreciation is involved. Points are points. If you buy them from Disney whether new from AKV, or ROFR points from BCV, they are still being bought from Disney, and they make a profit, and you get direct purchase status. If you buy those BCV points from resale, Disney makes no money off it, and sets the restrictions. It's perfectly legal, as it has been implemented and done already. It's really up to you if you want to pay Disney a higher price without the restrictions in place.

For me, I chose resale, because the restrictions were not something I planned on using anyway, but for others it might be a different story. For Disney to impose New restrictions, that is their perogative and I don't have an issue with it, as long as it doesn't destroy or degrade the Club as a whole. If current users encounter difficulty in bookings or reservations because of restrictions they put on a certain segment, I would see it as a detriment to the whole and that would be a shame.

Offering perks for direct purchases would be a good customer service move, but not necessarily the best business move.

I get all this BUT they are both second hand points, just like your chevy is still second hand, chevy cant sell it as new for a second time can they?

 

[bighoo93]

I get all this BUT they are both second hand points, just like your chevy is still second hand, chevy cant sell it as new for a second time can they?

Right. The difference is really direct vs. secondary market.

 

[disneynutz]

I get all this BUT they are both second hand points, just like your chevy is still second hand, chevy cant sell it as new for a second time can they?

When Disney acquires contracts either through ROFR, dues or mortgage foreclosures or take backs, they strip the points and resell them as new keeping the same UY, resort, and contract end date. OKW is the exception because the end date has been moved out.

Bill

 

[Dean]

Can someone clarify for me If I buy points resale they have certain restrictions on them, but if I buy points from DVC that they have bought through ROFR they dont, Are they both not resale points is this even legal?

As to legal, it depends on what you're talking. For the items that are protected in the POS and can't be changed unilaterally, it's not legal, for everything else, it is. So far the only differences have been none protected, non guaranteed options and to date, only things that are not written into the POS in any way. All of these items could be stopped tomorrow for every owner, qualified or not. The current differences are simply using points for DCL, CC, DC & ABD. There's not really anything of substance that they can take away that one should buy counting on. Legally one can reserve at their home resort and any other club resorts the same for ALL owners for resorts that are still in the club.

I get all this BUT they are both second hand points, just like your chevy is still second hand, chevy cant sell it as new for a second time can they?

It's not really applicable. A better analogy would be a certified used car from the dealer compared to a used car from a non dealer (lot or private). Once that room is used a single time, they're all used and not new.

When Disney acquires contracts either through ROFR, dues or mortgage foreclosures or take backs, they strip the points and resell them as new keeping the same UY, resort, and contract end date. OKW is the exception because the end date has been moved out.

Bill

This option was included in the POS from day 1.

 

[LisaS]

Can someone clarify for me If I buy points resale they have certain restrictions on them, but if I buy points from DVC that they have bought through ROFR they don't, Are they both not resale points is this even legal?

When we say that resale contracts have restrictions, the word "resale" really means that the contract was purchased on the resale market, i.e., from someone other than Disney. So the issue isn't whether the points you bought formerly belonged to someone else because you could buy resale points from Disney too. The issue is, who was the seller. If you purchase your contract from Disney you have no restrictions. If you purchase from someone other than Disney then you don't get the same perks that the Disney customers get.

 

[Paula Sedley-Burke]

So do Disney sell sold old resorts such as SSR direct that they have got from resale new DVC folks can buy? Can I buy WLV for example today from disney and from what you useful people have explained I retain the hopping rights etc because it is a direct purchase. I would personally rather pay extra for this ( depending on cost! ) I did not know it was an option. I thought it was just what they had left of AKV and BLT. I was not offered this. Anybody know what they charge per point?

 

[DannysMom]

Yes, you may buy the older sold out resorts directly from Disney. It is not what the guides are pushing though. DVCnews tend to have good info on current pricing. Check here: http://www.dvcnews.com/index.php/dvc-program/financial/pricing-a-promotions

Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!

 

[Deb & Bill]

So do Disney sell sold old resorts such as SSR direct that they have got from resale new DVC folks can buy? Can I buy WLV for example today from disney and from what you useful people have explained I retain the hopping rights etc because it is a direct purchase. I would personally rather pay extra for this ( depending on cost! ) I did not know it was an option. I thought it was just what they had left of AKV and BLT. I was not offered this. Anybody know what they charge per point?

You will not be offered any discounts when you buy older resorts that they are not pushing. And those are always a lot less than what Disney sells them for if you buy resale.

 

[bighoo93]

So do Disney sell sold old resorts such as SSR direct that they have got from resale new DVC folks can buy? Can I buy WLV for example today from disney and from what you useful people have explained I retain the hopping rights etc because it is a direct purchase. I would personally rather pay extra for this ( depending on cost! ) I did not know it was an option. I thought it was just what they had left of AKV and BLT. I was not offered this. Anybody know what they charge per point?

There are two points to respond to:

1) As Danny's Mom said, yes, you can buy points for any home resort from Disney. Some say that DVC tries to steer you away from this, but during my session, the guide openly volunteered that I could buy any number of points at any resort, and actually he was suggesting OKW (or BLT).

But the second point is very important:

2) All of this stuff about restricting booking rights at non-home resorts for resale points is pure speculation. Maybe it will happen, maybe it won't. But you do NOT need to purchase directly from Disney (paying a higher price) in order to have these rights. Many people choose to purchase directly from Disney, and they have their reasons for doing so. But don't make the mistake of doing so because you mistakenly think this restriction on resale points has actually happened. It hasn't. It is pure speculation.

 

[Paula Sedley-Burke]

Thanks for all the info! Will consider our options. You are all very helpful.

 

[CarolMN]

So do Disney sell sold old resorts such as SSR direct that they have got from resale new DVC folks can buy? Can I buy WLV for example today from disney and from what you useful people have explained I retain the hopping rights etc because it is a direct purchase. I would personally rather pay extra for this ( depending on cost! ) I did not know it was an option. I thought it was just what they had left of AKV and BLT. I was not offered this. Anybody know what they charge per point?

Just to be clear, if you buy a contract via the resale market, you will still be able to use those points (at 7 months) to stay at another DVC resort. You will also be able to use them for a trade via RCI or the Lake Buena Vista Trading Company.

At this time, you cannot use points acquired via the resale market to pay for

• Non-DVC Disney Resorts at DL or WDW,
• Crusiing
• Anything in the Concierge Collection
• Adventurers By Disney

Most people think that using points for the options not allowed are not good values anyway because in almost all cases, there are less expensive ways to purchase those options. But it does depend on how you value your points. Many believe them to be worth at least $10 each, because that is a common price for rental points.

HTH.

 

[Paula Sedley-Burke]

Just to be clear, if you buy a contract via the resale market, you will still be able to use those points (at 7 months) to stay at another DVC resort. You will also be able to use them for a trade via RCI or the Lake Buena Vista Trading Company.

At this time, you cannot use points acquired via the resale market to pay for
[*]Non-DVC Disney Resorts at DL or WDW,
[*]Crusiing
[*]Anything in the Concierge Collection
[*]Adventurers By Disney


Most people think that using points for the options not allowed are not good values anyway because in almost all cases, there are less expensive ways to purchase those options. But it does depend on how you value your points. Many believe them to be worth at least $10 each, because that is a common price for rental points.

HTH.

Thanks. Yes the cruise to me doesnt work using points because we book our next cruise onboard get 10% off and the $100 onboard credit. Its disney I am interested in not interested in RCI but I do want to buy from Disney direct. Just a personal preference. We already own at SSR but I didnt realise they still sold other resorts. I thought we would have to add on at AKV or BLT. So am pleased!