Dvc

[skelfbsfb]

Hi Im new to this forum.
I have been to Disney for the last 5 years but Im now considering buying into DVC but I do not know wether it is best to buy of Disney or of the internet timeshare sites. The DVC Im considering is OKW or SSP. Any advise will be greatly appreciated.

 

[Happy Birthday Cat]

Welcome to the Dis-Boards.

If you are interested in SSR or OKW, you could get it a lot cheaper from one of the re-sale agents. The sponsor of this Board is a great one with lots of contracts available for sale. Don't worry about being treated differently if you buy resale. A contract is a contract. If you buy through Disney they do have easy financing and you get to use the points almost right away. With a resale you have to wait until the contract closes and it changes into your name. But the savings could be substantial.

Good luck.

HBC

 

[bevotex]

Are you hoping to utilize the points in the near future (i.e. 3 months or less)?

 

[DVC Mike]

Welcome!

Here is a comparison.

Initial Purchase from DVC

• You can get the exact number of points that you want (although you must buy a minimum of 160)
• Faster than resale (you will be in the system and have your points and be able to make reservations much faster than resale)
• No worries about the purchase if Disney executes ROFR, since that only applies to resale purchases
• More expensive cost per point than the resale market
• You can finance through DVC, and Disney doesn’t report the loan to credit reporting agencies
• You can pay with a Rewards credit card and get points/cash back
• The full set of points you buy will be available immediately, versus a resale contract which may be “stripped” of points.
• If you don’t want the resorts they are currently selling (AKV/SSR), you may have to do some firm talking to a guide to convince them you really want an older resort.

Initial Purchase via Resale

• You may not get the exact number of points you want
• You can purchase less than 160 points for your initial buy-in to DVC (Disney won’t let you buy less than 160 points).
• It will take much longer to get into the DVC system and have your points (resales typically take 6-8 weeks)
• Disney may exercise ROFR and you may loose the resale and have to start all over (When buying resale, one of the potential pitfalls to try to avoid is making an offer that will cause Disney to exercise it’s Right of First Refusal)
• Resale is typically less expensive then buying from DVC
• You can’t finance through DVC, although most resale brokers will recommend a finance company
• A resale contract may be “stripped” of points where the user has used many of the current year’s points, and may have borrowed some or all of next year’s points. Be wary of “stripped” contracts on the resale market.
• Easier to pickup large point packages at any of the older DVC resorts.

 

[AKV707]

If you are looking to use your points soon, buying direct from DVC is quicker. Also, if you are considering OKW, DVC has the 2057 OKW contracts, while resale contracts will most likely have the 2042 expiration date.

 

[Chuck S]

If you are looking to use your points soon, buying direct from DVC is quicker. Also, if you are considering OKW, DVC has the 2057 OKW contracts, while resale contracts will most likely have the 2042 expiration date.

If you want the 2057 end date for OKW, it will likely be less expensive in the long run to purchase through Disney right now, rather than purchase a 2042 OKW contract and then add the extension.

 

[skelfbsfb]

Thanks to all who have responded quickly to my query.