End of Term for each DVC resort

[FBandA]

End of term for each DVC resort?
New to all of this, just wondering what is the life term for each resort? There are a lot of reasons I like BCV, but do I want to do AKL just for the longer years? Just wondering how many years will I have for each resort and if that is something I should be concerned about. Each time I look at a new thread I have more questions to ask.

 

[dianeschlicht]

2042 is when OKW, BWv, VWL, and BCV will end. SSR ends in 2054, and AKV in 2057.

Ask all your questions....lots of knowledge here on the boards!

 

[FBandA]

Thank you, just gives me more to think about. 35 years, verses 47 or 50.

 

[JimC]

It will help you to evaluate this variable if you calculate the cost of a point over the remaining inventory of points available during the term of the contract. This is also helpful in understanding what you are paying for in resale contracts that come with various combinations of current, borrowed and banked points.

 

[NJOYURLIFE]

Do Vero Beach and Hilton Head also expire in 2042?

Thanks.

 

[Caskbill]

The following expire Jan 31, 2042:
OKW, BWV, BCV, VWL, HH, VB. Thus these resorts currently have 34 years and 8 months remaining. (Jun-Dec,2007 + 2008-2041 + Jan, 2042)

SSR expires Jan 31, 2054, thus SSR has 46 years and 8 months remaining.

AKV expires Jan 31, 2057 and has 49 years and 8 months remaining.

 

[VBfan]

The following expire Jan 31, 2042:
OKW, BWV, BCV, VWL, HH, VB. Thus these resorts currently have 34 years and 8 months remaining. (Jun-Dec,2007 + 2008-2041 + Jan, 2042)

SSR expires Jan 31, 2054, thus SSR has 46 years and 8 months remaining.

AKV expires Jan 31, 2057 and has 49 years and 8 months remaining.

Caskbill for the resorts that expire Jan 31, 2042. Will Maintenance Fees be due that January (of 2042), or is 2041 the last year MFs will be due?

TIA

 

[ebenmax]

Just wondering how many years will I have for each resort and if that is something I should be concerned about.

I look at this from a few angles. . .1) It depends on your age and how long you want to be a part of DVC - if it is just while children are in a certain age range, then the years don't matter that much (except for the value when you sell) 2) Do you want to pass on your contracts to children? Then the more years, probably the better (providing they want the contracts) 3) What is your main purpose for buying DVC? To use until the end or your contract?
To enjoy vacations for awhile and sell? If you do not really care about the best long term value. . .the 2042 resorts will have to end up less valuable (financially) as the years tick away. Then go for the resorts you like no matter what the years 4) Which resorts do you REALLY like and where would you be most happy staying if the 7 month window did not work out?

In our situation, we purchased our larger contract (200 pts) at SSR because we loved it and liked the extra years. Then for the benefit of location, we
purchased two small (50 + 30 pt) contracts at BCV to give us the 11 mon. advantage for spring break and F&W festival.

There are LOTS of very knowledgable people on this board who know the ins and outs of DVC. I am sure they will chime in with the "real" advice. These ideas are just from a newbie.

Good luck with your decision.

Ellen

PS - You will learn that most questions around here do NOT have clear cut answers. Most replies you get will begin with - "It all depends..."

 

[dis@dills]

It will help you to evaluate this variable if you calculate the cost of a point over the remaining inventory of points available during the term of the contract. This is also helpful in understanding what you are paying for in resale contracts that come with various combinations of current, borrowed and banked points.

Jim,

I am seriously considering buying 50 pts. using TTS just to get my feet wet so to speak. Can you please elaborate on your response? I am confused about the "remaining inventory of points"? Thanks in advance for your info?

Matt

 

[NJOYURLIFE]

Matt,
Not Jim, but I think I know what he is saying sort of. Say you are comparing a purchase of a 50 point contract at OKW and at SSR. The total # of points you would receive over the life of the contract at OKW could possibly be 50 times 35 (if 07 points are included). The total # of points you would receive over the life of the contract at SSR could possibly be 50 times 47 (if 07 points are included).

So say the cost of the OKW points is 3500 with closing and the cost of the SSR points is 4250 with closing. The cost per point over the life of the contract at OKW would be 3500 divided by 1750 (50 times 35) = 2.00 per point. The SSR cost would be 4250 divided by 2350 (50 x 47) = 1.81 per point. Of course you also need to add in the maintenance fees to come up with a total also. Since I don't know the exact breakdowns on those I didn't include them. The total points should also include any banked points that you'll receive with the purchase, especially if you can get a "loaded" contract (one that comes with lots of banked and current points) vs a "stripped" (one that doesn't get any points until next year or so) contract.

Hope this helps.

 

[dis@dills]

Lisa,

Thanks, your explanation was right on the button. I was thinking points inventory from Disney's perspective not from my perspective as a buyer.

Thanks again,
Matt

 

[NJOYURLIFE]

Your welcome!