Finally buying DVC

This was a big part of my decision tree on buying direct. I could have bought the same home resort points resale for around 30% less per point, but the future proofing and access to new resorts (e.g. already booked Riviera Grand Villa several times through the end of this year alone) was worth the price. I don't know what else will open in the next 30 years, but the FOMO would be too much to warrant the lower, one time purchase price.
Nice!

And see im exact opposite, perfectly content with the O14 (and their mostly lower/cheaper point charts!) and dont really care about any new resorts since the variety and options of the O14 are pretty great for us.
 
Yea like just about everything in life, pro and cons to either decision.

I personally think the resale pros (way less $$$) out weigh all the direct pros :)
Again a personal decision :P I liked knowing no matter what in the months leading up to decision on condo association was released, I would be able to book the Polynesian tower one way or another at 7 months. If we didn't like RIV we probably wouldn't have as many direct points as we do. We also want more direct points just so we can use them at 7 months at RIV as well
Thank you this is VERY valuable. Question -- why does use year (month) matter? I was told by a reseller that it didn't matter?
It matters IF you tend to go to Disney World during the same time each year. You want your use year to start a little bit before when you travel most often so that way if you cancel a trip, you'll have ample time to plan another trip where you can use those points. The WORST thing you can do is if your use year starts immediately after when you normally go because it means you will only have a month or two (if that) to plan a trip when there's essentially nothing left to be booked. If you go during all season, use year doesn't matter.

Use year has nothing to do with booking at 11 months, it has EVERYTHING to do with when your points need to be banked by and when they will expire that year. Having the correct use year is basically free insurance.

Just as an example lets say I like going July 4th every year.

If I have an August use year and cancel my trip in May, I only have from May until 7/31/24 to use the points. I am past my banking deadline which was on 3/31 so I can't bank them either.

If I instead had a June (a little bit before when I usually go) use year and cancelled my trip in May, I have until June of 5/30/2025 to use my points. I essentially have an entire year to use my points and still have the option to bank them on 1/31/25 to move them into the following use year.
 
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Thank you this is VERY valuable. Question -- why does use year (month) matter? I was told by a reseller that it didn't matter?
It's kind of both? Long term it really might not, when you travel now is most likely not when you will travel 20 years from now.

But it matters because use year determines 2 things, what years worth of points you are using, and when your banking deadline is. Our use year is feb, we had been going in march but have now switched to may. Works well for both those trip times because we can cancel more than 30 days out if need to and still be able to bank current year points. If in the future we start going every Dec? Yea not so great, past the banking deadline for any current points since that had to be done in Sept.

I'd go with what makes sense currently for what you plan to do for trips, but know it might bite you later if/when you change the time you go.
 
Nice!

And see im exact opposite, perfectly content with the O14 (and their mostly lower/cheaper point charts!) and dont really care about any new resorts since the variety and options of the O14 are pretty great for us.

100% agree on love for the O14 - on my way to BCV this afternoon for a long weekend! To me, the heart of DVC ownership is the O14 and always will be.

And that's also why I can't get my arms around how RIV still sells for over $100 a point on the resale market when you can't stay anywhere else with those points. :confused3
 

Again a personal decision :P I liked knowing no matter what in the months leading up to decision on condo association was released, I would be able to book the Polynesian tower one way or another at 7 months. If we didn't like RIV we probably wouldn't have as many direct points as we do. We also want more direct points just so we can use them at 7 months at RIV as well
Yea I meant it as its all personal, depends on what you want and value. We are opposite on that, that's ok and great since DVC gives completely different options. :)
 
100% agree on love for the O14 - on my way to BCV this afternoon for a long weekend! To me, the heart of DVC ownership is the O14 and always will be.

And that's also why I can't get my arms around how RIV still sells for over $100 a point on the resale market when you can't stay anywhere else with those points. :confused3
Lot of people love that resort. I've never been to it and probably never will, great way to keep that FOMO away ;)
 
100% agree on love for the O14 - on my way to BCV this afternoon for a long weekend! To me, the heart of DVC ownership is the O14 and always will be.

And that's also why I can't get my arms around how RIV still sells for over $100 a point on the resale market when you can't stay anywhere else with those points. :confused3
I think the value for RIV resale is for the owners who own direct RIV like myself.. if you regularly book RIV, you can use those RIV resale points together with your RIV direct points to spare your direct RIV points. I wouldn't buy a huge RIV resale but a small one I'd have no problem blowing through a 50 pointer and just banking/borrowing the contract every 3 years to bump me from a studio to a 1BR or 1BR to a 2BR /shrug
 
I think the value for RIV resale is for the owners who own direct RIV like myself.. if you regularly book RIV, you can use those RIV resale points together with your RIV direct points to spare your direct RIV points. I wouldn't buy a huge RIV resale but a small one I'd have no problem blowing through a 50 pointer and just banking/borrowing the contract every 3 years to bump me from a studio to a 1BR or 1BR to a 2BR /shrug

That strategy never occurred to me.... great idea!
 
100% agree on love for the O14 - on my way to BCV this afternoon for a long weekend! To me, the heart of DVC ownership is the O14 and always will be.

And that's also why I can't get my arms around how RIV still sells for over $100 a point on the resale market when you can't stay anywhere else with those points. :confused3

It’s our top resort and we stay there each trip as part of a split stay, or just there. So, since it’s where we want to stay, it’s resale restrictions are of no consequence to us, especially since we see the value in use.

Now, we own other points that are good everywhere, which allows up to upgrade our rooms at RIV or if we decide to go elsewhere. So having resale RIV works fine.

What didn’t work for us and we sold in a year were BLT resale points thst could not be used at RIV…that was frustrating.
 
And see im exact opposite, perfectly content with the O14 (and their mostly lower/cheaper point charts!) and dont really care about any new resorts since the variety and options of the O14 are pretty great for us.
Yes, the p0int chart is a key factor when looking at stays beyond 2042. And should be calculated when purchasing something to future proof. Right now I haven’t factored that into my SAP+ but it does make me think CCV is the better choice over BLT (which is the one I bought. lol), just because the points needed to stay can be lower… which takes AKV, Poly and VGF out of the running because of dues &/or p0int chart.
 
Hi -- Hubs and I are finally thinking about purchasing DVC after 22 vacations and hundreds of thousands of dollars.... Can someone tell me is there ANY reason NOT to buy resale. The pints are like $100-$125 per point less this way so it seems the best route. Second, any resale companies to stay away from? There appear to be a handful that pop up and I think many are reputable. Just woudl love any advice (positive or negative) about buying... TIA!
We have never joined DVC via resale. It does sound like restrictions exist concerning using points at other DVC venues. Buying where you are going to want to stay for another 20 years should be your focus. This is a tricky decision. We have a December UY and have used it without any problems, even though we often vacation in October. I do think the minimum points needed would be 300. We have 345 and have thought of selling our 100 point contract but I don't want to drop below 300 - LOL - because I am always 'borrowed out' at 345. Of course, I do rent points that I probably shouldn't (greedy) and stay at larger villas than we need. I never thought we'd get to the point of not needing to visit the parks but after 14 years of 3 visits annually we'd rather sit on a bar stool at Boathouse. So 14 years ago we didn't like Saratoga and now it is our preferred location. LOL

Good Luck.
 
One thing that people who praise resale usually forget to mentioned and one of the reasons we are going direct is because a majority of the expenses for DVC are actually annual dues. My 250 point direct Riviera contract costs 40k direct. If I hold until 2070 I am expecting to spend about 300k (in today's dollars after accounting for inflation on dues) in total including initial purchase and annual dues.

Currently, there is a RIV resale contract with extra banked points I could rent that would bring to total cost for 250 points with the same use year to about 27 to 30k. For me in the long run, 300k instead of 290k is worth not being restricted, having member extras beyond 2042 when we would lose direct benefits from being on our inlaws deed, and not have to worry about future resorts I want to stay at.
 
Again a personal decision :P I liked knowing no matter what in the months leading up to decision on condo association was released, I would be able to book the Polynesian tower one way or another at 7 months. If we didn't like RIV we probably wouldn't have as many direct points as we do. We also want more direct points just so we can use them at 7 months at RIV as well

It matters IF you tend to go to Disney World during the same time each year. You want your use year to start a little bit before when you travel most often so that way if you cancel a trip, you'll have ample time to plan another trip where you can use those points. The WORST thing you can do is if your use year starts immediately after when you normally go because it means you will only have a month or two (if that) to plan a trip when there's essentially nothing left to be booked. If you go during all season, use year doesn't matter.

Use year has nothing to do with booking at 11 months, it has EVERYTHING to do with when your points need to be banked by and when they will expire that year. Having the correct use year is basically free insurance.

Just as an example lets say I like going July 4th every year.

If I have an August use year and cancel my trip in May, I only have from May until 7/31/24 to use the points. I am past my banking deadline which was on 3/31 so I can't bank them either.

If I instead had a June (a little bit before when I usually go) use year and cancelled my trip in May, I have until June of 5/30/2025 to use my points. I essentially have an entire year to use my points and still have the option to bank them on 1/31/25 to move them into the following use year.
I am one of the ones "UY doesn't matter". I have June UY & we travel in May. So far we have not had to cancel, but it can happen since my mother had a health scare while we were there in May this year. Use Year Matters!!
 
85% of my points are direct.

I just recently bought a couple of resale contracts, my first resale.

I'll say that the painful waiting process from initial offer to points available is so long that I may go direct-only from here on out, cost be damned!
Disney really makes it tough to have patience for the resale ROFR process with how quickly you can stare at a screen with your points in your account to book when buying direct! That doesn't even account for times when the seller drags their feet on the paperwork!
 
Disney really makes it tough to have patience for the resale ROFR process with how quickly you can stare at a screen with your points in your account to book when buying direct! That doesn't even account for times when the seller drags their feet on the paperwork!
My resale purchases were mostly out of "necessity", because it was VGC. If direct had been available, I would have jumped on it!
 
Just wanted to throw this out there when crunching numbers for the direct benefits: Sorcerer’s AP is a great as long as you don’t travel during the black out periods…

My young DD’s school is incredibly strict about missing class for travel so that means we have to travel during Christmas/NYE week if we want to be in WDW for the holidays…so we have to buy Incredi-Pass.

If you have the flexibility this is a non-issue and is a fantastic perk for as long as they offer it…just keep blackout dates in mind when you run the calcs!
 
Thank you this is VERY valuable. Question -- why does use year (month) matter? I was told by a reseller that it didn't matter?
When we first bought in 1996 we had September as that was what was available. We didn't know any better anyway!

You want to get a use year prior to when you typically travel. We have October now and travel in October. Our UY opens OCT 1 each year. This OCT 1 is 2024 UY and so on. At 7 months is the final date you can bank your points. Our date is May 31. May 31 2025 would be the final date to bank 2024 points which extends them 1 year until Sept 30 2026. If we book a vacation for Oct-May and cancel, we can rebook or bank. I know, it is confusing but it is really important to get this right!

Once you get your UY established, just follow this template. It definitely does matter so the reseller gave you invalid info and I would question their motives.

Good luck!
 
Second, any resale companies to stay away from? There appear to be a handful that pop up and I think many are reputable. Just woudl love any advice (positive or negative) about buying... TIA!
Good luck in your searching--it's so fun and stressful at the same time. You're totally doing this right by spending time on these boards. I will say that the site shared (dvcforless.com) has been super helpful to me! I didn't know it existed until this week while doing my own search. I will say that I have noticed that the board sponsor tends to have the highest prices (not always but usually)--don't get me wrong--their staff are really great and I purchased my only re-sale through them but I am finally learning now that shopping around is a great idea. Best wishes and have big fun! 💜
 
One thing that people who praise resale usually forget to mentioned and one of the reasons we are going direct is because a majority of the expenses for DVC are actually annual dues. My 250 point direct Riviera contract costs 40k direct. If I hold until 2070 I am expecting to spend about 300k (in today's dollars after accounting for inflation on dues) in total including initial purchase and annual dues.

Currently, there is a RIV resale contract with extra banked points I could rent that would bring to total cost for 250 points with the same use year to about 27 to 30k. For me in the long run, 300k instead of 290k is worth not being restricted, having member extras beyond 2042 when we would lose direct benefits from being on our inlaws deed, and not have to worry about future resorts I want to stay at.
How is that a factor with going direct over resale.? (dues are the same regardless if direct or resale)
 



















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