First small contract: CCV/PVB/BRV?

[Simba06]

Family of four, two kids 7 and 2.

My overall plan was to buy 150-200 pts resale at Copper Creek, then utilize the (hopefully good) member pricing at opening for the new Poly tower, probably another 200 pts depending on incentives. These are our top two resorts, we have stayed in the DVC rooms via renting and cash. My parents own a timeshare so we are familiar with the pros/cons.

With the economy becoming uncertain and cost of goods growing (ex daycare just increased $200/mo), I really dont want to outlay that much cash at the moment. However, I would like to get a small contract to at least get our foot in the door to be eligible for member pricing for the Poly tower. I am thinking 50-100 pts, if closer to 50 then I’d like a nice loaded contract. We just need enough points to use for a trip next fall/winter before Poly goes on sale. Our next trip after that would be late 2024 at the earliest, most likely spring 2025. So I dont mind banking/borrowing for the first trip to achieve this.

Which contract would you go for? CCV(my initial plan), BRV(cheapest but shortest contract length), or Poly(wildcard due to unknown association for new tower)?

 

[JoeyPeligroso]

There are a lot of variables in the proposed scenarios, many of which cannot be predicted.

Another consideration if economics are a concern would be waiting and holding on to your cash reserves until Poly is announced. Low point contracts are amongst the more costly and you may want to weigh the cost differential of savings achieved in a direct purchase by being a current owner (which has real cost now if you buy resale CCV) vs. holding your cash for now, using it in part for a DVC rental for your next trip, and waiting to see what Poly brings.

Yields in many savings accounts are pretty attractive now and your saved money would be liquid if Poly still looks good to you when it is announced. If it doesn’t look attractive, you have your cash and your flexibility.

These are just a few thoughts and I am far from a financial advisor. For me, fear of missing out was a factor as I looked at DVC for many years, but I chose to purchase when the economics were ok for me as an individual.

 

[Sandisw]

Honestly, I would buy at one of the resorts that you can see yourself making use of for future stays, using the banking/borrowing to help with it being a small contract.

It also may come down to what you find on the resale market for smaller contracts as well. Studios are hard to get at CCV if you are not an owner there...there are even times of the year that are tough for owners. BRV would at least put you at the same location.

If the new Poly tower is the same association, then buying PVB points now gives you the use of all the points...these and the direct you buy for the tower...at the 11 month window.

If the tower is a new association, and it does come with restrictions, then your Poly resale points will act no different than the CCV or BRV will as none will be eligible for use there.

Buying CCV or BRV, knowing you will buy Poly tower points down the line, does at least give you a second resort to have a home resort advantage vs. PVB just giving you home resort advantage at the same location as the Poly tower.

If it were me, I would probably go with CCV or BRV vs. PVB points.

 

[Robbie Cottam]

Only asking because I don't know
But do resale member get invited to the early offerings at new resorts?

Also I know lots of people are NOT in fans of financing DVC but it does have its benefits, and there are at least two companies that will finance DVC resale purchases.... and it is Hassle free.... As a matter of fact on of those companies is advertising on this page.....

If your a cash only person then just disregard.....

 

[Sandisw]

Only asking because I don't know
But do resale member get invited to the early offerings at new resorts?

Also I know lots of people are NOT in fans of financing DVC but it does have its benefits, and there are at least two companies that will finance DVC resale purchases.... and it is Hassle free.... As a matter of fact on of those companies is advertising on this page.....

If your a cash only person then just disregard.....

Once you are an owner, they allow you to add on using current owner pricing.

You are also eligible for adding on less than the 150 assuming it’s the same UY and same owners.

 

[davidhr]

Only asking because I don't know
But do resale member get invited to the early offerings at new resorts?

Also I know lots of people are NOT in fans of financing DVC but it does have its benefits, and there are at least two companies that will finance DVC resale purchases.... and it is Hassle free.... As a matter of fact on of those companies is advertising on this page.....

If your a cash only person then just disregard.....

Yes, you can add points the same as a direct owner.

About financing, I’m not against it, but with those rates (direct and resale), if you’re just paying the monthly payment, you’ll eat a big portion of any savings you might get by being a DVC owner. If your main reason for being an owner is not the savings, it’s fine then.

I “financed” one of my direct contracts because I was waiting for a CD to mature and was in the process of selling a small contract and didn’t want to miss the points for the current use year.

I put the 20% down, the payments started three months after I purchased the points. By that point I had closed the sale and put all that money as an extra payment. I calculated the amortization table and the interest I was going to pay if I doubled the monthly payment was pennies, so I just did that. I paid everything in 15 months and the interest I paid wasn’t much. That can give you a lot of flexibility and won’t cost you much.

BTW, DVD makes all this process dangerously easy after you have owned for a year. I had the points in my account 15 minutes after ending the call.

 

[RoseGold]

If you plan on holding this, then you should buy where you want to stay, maybe you should even plan to dump the starter contract when Poly2 goes on sale, and buy all direct if you really plan on holding forever.

I would go 50 points SSR. It's the largest timeshare in the world, there's just so much of it changing hands, including with professionals who use a lot of it. Easy to get rid of. It has a known market value, and if you need to, a few hundred dollar difference can get yours sold. Low buy in. If it tanks, it's already lower than the others.

I can see the argument for rolling the dice on Poly, hoping for the same association, but boy is that a big gamble. It bit VGF1 resale buyers HARD. I would not want to be selling Poly1 points against Poly2.

It's hard for to imagine a case where anyone should buy BR over CCV, unless you really need to sleep 5 in a studio and will only stay WL.

 

[Robbie Cottam]

I knew Disney waived the 150 point minimum for all current owner Members.
I was asking more if resale only member were eligible for the pre buy at new resorts.

and yes, IMHO one of the huge benefits of buying direct is how quickly it can be finalized….

 

[BruinEd03]

Yes, you can add points the same as a direct owner.

About financing, I’m not against it, but with those rates (direct and resale), if you’re just paying the monthly payment, you’ll eat a big portion of any savings you might get by being a DVC owner. If your main reason for being an owner is not the savings, it’s fine then.

I “financed” one of my direct contracts because I was waiting for a CD to mature and was in the process of selling a small contract and didn’t want to miss the points for the current use year.

I put the 20% down, the payments started three months after I purchased the points. By that point I had closed the sale and put all that money as an extra payment. I calculated the amortization table and the interest I was going to pay if I doubled the monthly payment was pennies, so I just did that. I paid everything in 15 months and the interest I paid wasn’t much. That can give you a lot of flexibility and won’t cost you much.

BTW, DVD makes all this process dangerously easy after you have owned for a year. I had the points in my account 15 minutes after ending the call.

Just to add that you can almost get 8-9 months free financing for direct purchases. You can split your payments up to 3 months. Then for the last payment, pay it on a Disney Visa, which has 6 months free financing if purchasing directly.

 

[Robbie Cottam]

Just to add that you can almost get 8-9 months free financing for direct purchases. You can split your payments up to 3 months. Then for the last payment, pay it on a Disney Visa, which has 6 months free financing if purchasing directly.

Mmm wonder what the wife will say when I put 30k on the Disney visa next year…….

I might need to buy a dog house

 

[MarkNC2Disney]

Family of four, two kids 7 and 2.

My overall plan was to buy 150-200 pts resale at Copper Creek, then utilize the (hopefully good) member pricing at opening for the new Poly tower, probably another 200 pts depending on incentives. These are our top two resorts, we have stayed in the DVC rooms via renting and cash. My parents own a timeshare so we are familiar with the pros/cons.

With the economy becoming uncertain and cost of goods growing (ex daycare just increased $200/mo), I really dont want to outlay that much cash at the moment. However, I would like to get a small contract to at least get our foot in the door to be eligible for member pricing for the Poly tower. I am thinking 50-100 pts, if closer to 50 then I’d like a nice loaded contract. We just need enough points to use for a trip next fall/winter before Poly goes on sale. Our next trip after that would be late 2024 at the earliest, most likely spring 2025. So I dont mind banking/borrowing for the first trip to achieve this.

Which contract would you go for? CCV(my initial plan), BRV(cheapest but shortest contract length), or Poly(wildcard due to unknown association for new tower)?

Smart approach. For context, I own Poly (resale) and RR (direct). The pending Poly tower association is leading to a bit too much binary conversation IMO at the moment… PVB1 is awesome in its own right. In fact I’m looking at scooping up another resale contract while prices are a little depressed.

So, I’d personally recommend just buying where your heart is. Can’t go wrong with CCV or Poly.

 

[Sandisw]

I knew Disney waived the 150 point minimum for all current owner Members.
I was asking more if resale only member were eligible for the pre buy at new resorts.

and yes, IMHO one of the huge benefits of buying direct is how quickly it can be finalized….

DVD does not offer incentives to owners based on the type of points you have. It’s the same for all.

 

[Robbie Cottam]

DVD does not offer incentives to owners based on the type of points you have. It’s the same for all.

Thanks
That was my question

 

[Simba06]

Reviving this because the market sure has changed since I posted this a few months ago!

Ideally we would like 100 pts to start, with the intent of purchasing Poly2 when it becomes available and we are in a good financial spot. Trying to keep buy in closer to 10k.

Current considerations (all resale)

CCV: preferred resort for our family, but significantly higher ppp than the other choices we are considering

SSR: a lot of good choices at great prices in our range, and we could get more points for the money, but we would never want to stay there. For future use after we get a poly2 contract I would consider these our SAP

AKV: again, great price compared to CCV, we wouldnt mind staying here occasionally.

We are looking at a potential winter 2023 trip so want to get moving on this soon. We would be in mostly 1 bedrooms, but do love the Poly studios as a backup.

 

[intamin]

Reviving this because the market sure has changed since I posted this a few months ago!

Ideally we would like 100 pts to start, with the intent of purchasing Poly2 when it becomes available and we are in a good financial spot. Trying to keep buy in closer to 10k.

Current considerations (all resale)

CCV: preferred resort for our family, but significantly higher ppp than the other choices we are considering

SSR: a lot of good choices at great prices in our range, and we could get more points for the money, but we would never want to stay there. For future use after we get a poly2 contract I would consider these our SAP

AKV: again, great price compared to CCV, we wouldnt mind staying here occasionally.

We are looking at a potential winter 2023 trip so want to get moving on this soon. We would be in mostly 1 bedrooms, but do love the Poly studios as a backup.

Hrmm tough choices between those 3. All great options. One thing I’d consider is how old is your family?

If younger the argument for CCV would be the longer duration of the contract. The up front cost is higher but its duration is also significantly longer. 31 years for SSR, 34 years for AKV, 45 years for CCV. That’s nearly 50% longer contract duration compared to SSR. It’s’s more up front cost, but the price per year is likely about the same.

With SSR I’d need to know where you plan to stay at 7 months? It’s unlikely you get stranded with just SSR at the 7 months mark but once the 2042 resorts go offline who knows how that will affect availability of places like AKV and OKW and other places that are often still available. We know it’s not like Disney is going to bulldoze those resorts once the contracts end, they’ll likely just come out with a new set of direct contracts. SSR is great for SAP but I still say if you’re using a place for SAP, it should be a place you’re okay with staying at which it doesn’t sound like for you.

Lastly AKV, cheap price per point, higher MFs because of the savanna. Does your family tend to frequent MK a lot? Does the longer bus ride there matter to you? Honestly between CCV and AKV it just comes down to personal preference.

Do you like the theming more of CCV or AKV?
Which parks does your family like more?
Since it seems you’re interested in poly, do you really want 2 MK area home resorts?
Is the higher up front cost of CCV enough to affect you being able to buy Poly 2?

Being currently in ROFR for AKV I guess I’m biased but I like the idea of having home resorts in different areas of WDW so personally I guess I’d go with AKV and save poly to cover the MK area.

 

[Simba06]

Hrmm tough choices between those 3. All great options. One thing I’d consider is how old is your family?

If younger the argument for CCV would be the longer duration of the contract. The up front cost is higher but its duration is also significantly longer. 31 years for SSR, 34 years for AKV, 45 years for CCV. That’s nearly 50% longer contract duration compared to SSR. It’s’s more up front cost, but the price per year is likely about the same.

With SSR I’d need to know where you plan to stay at 7 months? It’s unlikely you get stranded with just SSR at the 7 months mark but once the 2042 resorts go offline who knows how that will affect availability of places like AKV and OKW and other places that are often still available. We know it’s not like Disney is going to bulldoze those resorts once the contracts end, they’ll likely just come out with a new set of direct contracts. SSR is great for SAP but I still say if you’re using a place for SAP, it should be a place you’re okay with staying at which it doesn’t sound like for you.

Lastly AKV, cheap price per point, higher MFs because of the savanna. Does your family tend to frequent MK a lot? Does the longer bus ride there matter to you? Honestly between CCV and AKV it just comes down to personal preference.

Do you like the theming more of CCV or AKV?
Which parks does your family like more?
Since it seems you’re interested in poly, do you really want 2 MK area home resorts?
Is the higher up front cost of CCV enough to affect you being able to buy Poly 2?

Being currently in ROFR for AKV I guess I’m biased but I like the idea of having home resorts in different areas of WDW so personally I guess I’d go with AKV and save poly to cover the MK area.

1. We are a younger family, 2 kids
2. We always stay either Poly or WL. Thats disney to us. No big desire to stay at an epcot resort consistently, but maybe try occasionally
3. We like being in an area with “movement”, so monorail/boat etc
4. We love AKV and visit every trip, but have never stayed
5. SAP would likely be used for last minute trips booked inside 7mo, mostly shorter than a week stay

These are great questions to really help me sort priorities!

 

[The_MT]

1. We are a younger family, 2 kids
2. We always stay either Poly or WL. Thats disney to us. No big desire to stay at an epcot resort consistently, but maybe try occasionally
3. We like being in an area with “movement”, so monorail/boat etc
4. We love AKV and visit every trip, but have never stayed
5. SAP would likely be used for last minute trips booked inside 7mo, mostly shorter than a week stay

These are great questions to really help me sort priorities!

If you price out the cost per point over the life of the contract you’ll see that CCV is an excellent value because it has so many years left. Since you only want to stay at Poly and WL and plan to buy Poly 2 direct, CCV seems like your best option to give you 11 month advantage somewhere you love to stay and get you ready to buy Poly 2 direct. You can offer less than asking on contracts you find and hopefully you’ll get lucky and find a seller willing to negotiate. Good luck!

 

[intamin]

1. We are a younger family, 2 kids
2. We always stay either Poly or WL. Thats disney to us. No big desire to stay at an epcot resort consistently, but maybe try occasionally
3. We like being in an area with “movement”, so monorail/boat etc
4. We love AKV and visit every trip, but have never stayed
5. SAP would likely be used for last minute trips booked inside 7mo, mostly shorter than a week stay

These are great questions to really help me sort priorities!

Based on this I'd go with CCV. Duration of contract, it's a place you like to stay, and being able to book at WL during Christmas is likely something you'll only get if you own there (assuming that matters to you). Also it's likely the last Disney resort to not be hit with resale restrictions so it'll be able to be used at the original resorts for the longest period of time. I'd recommend you do a DVC tour in AKV and see how you like it before making a decision if possible but it sounds like CCV may be right for you.

Edit: The longer duration will also help it keep it's resale value for a longer period of time. In 20 years I expect CCV to be around the same or slightly less in price. SSR and AKV will both be within their last 15 years in 20 years and likely starting to drop off in resale value.

 

[Simba06]

Based on this I'd go with CCV. Duration of contract, it's a place you like to stay, and being able to book at WL during Christmas is likely something you'll only get if you own there (assuming that matters to you). Also it's likely the last Disney resort to not be hit with resale restrictions so it'll be able to be used at the original resorts for the longest period of time. I'd recommend you do a DVC tour in AKV and see how you like it before making a decision if possible but it sounds like CCV may be right for you.

I agree, everything points to CCV. Its tempting with those prices on SSR AND AKV right now though!

 

[intamin]

I agree, everything points to CCV. Its tempting with those prices on SSR AND AKV right now though!

The real way to think about it is how much am I paying per year? When you break it down, the buy in price per point/year will likely be about the same. Sure the upfront cost is larger, but would you rather pay 3 dollars per point per year at AKV/SSR for the next 30 years, or would you rather pay 3 dollars per point at CCV for the next 45? And then of course all the benefits that comes with it (11 month booking, being able to guarantee you'll be able to stay somewhere you enjoy and then switching at 7 months if another resort you want is still available).