For those who rent out points?

[spoon full of sugar]

Does the amount you rent out points for go up every year or is it pretty stable? I see most points are rented for about ten to eleven dollars a point,how long have you been renting for this price, and how do you arrive at this number? Are you trying to help make your finance payments or just pay off the yearly fees? Or do you make a profit? Trying to decide if we should rent points every year or buy in ( my husband doesn't want to buy) Thanks for any help.

 

[Deb & Bill]

Since the initial cost per point to buy into DVC is steadily going up (almost up to $100 per point now and we started at $62.50/point), it would be logical to expect the rental costs would also go up.

I know if we rented our points out (we don't and don't plan to ever), it doesn't make any sense to let our villas go for less than the cost of a value resort.

 

[spiceycat]

Okay I rent my points.

Completely depends upon the resort you are requesting.

I have OKW, VWL and BWV. BWV and VWL rent for me at higher rate - because their costs are higher.

OKW is $10 a point. I try to get $12 for BWV and VWL. (but I have tiny contracts with VWL and BWV - enough for a studio in the off season)

if I use my OKW and can get a BWV with it - then I still charge $10 a point - I am going on the home resort. However most of my renters prefer $80 a night, compared to $120 (preferred BWV)

My brother needed the money - so I took my dues out and gave him the rest.

 

[CharlesTD]

We have never rented for anything less than 12 a point and it will go up as we see fit it will never just stay at 12 a point.

 

[calypso*a*go-go]

The price for renting points has been steady for a few years now. There is always movement towards a higher price per point but that is usually difficult to maintain as there are people that are forced to rent out their points do to various reasons that get a little panicky and are afraid they won't be able to rent unless they offer a price lower than everyone else. At some point, the rate will have to go up as the maintenance fees and initial buy-in keeps increasing.

If you intend to visit WDW on a regular basis over the next several years and normally stay at moderates or above, you would come out money ahead to buy a membership vs. renting points. By staying during the week and avoiding the high weekend (Fri & Sat) point requirements...you can really stretch the points out enough to make more trips or rent the points you don't use to help supplement the cost of the maintenance fees.

In our case, we rented out our points as we are having a large family gathering in which everyone wanted to stay together. We didn't have enough points to get accomodations for the whole group so we opted to make ressies at Shades of Green (we're ex-military) and let each family pay for their room separately. It seemed like the best solution...but I know I will miss not staying in a DVC villa!

 

[d-r]

It doesn't matter what you paid or what the annual dues are, what matters is what someone is willing to pay to rent the points. That is more related to the cost of other hotel rooms on property than it is to the costs of the dvc contract. If someone says "Oh, I can pay $20 per point and save half the cost of what booking a room through disney would be," they'd probably pay $20 per point. If someone says "they are asking $9 a point, but I wouldn't save much more than it would cost to book through Disney with code xyz" then they probably wouldn't.

For example, say you are trying to sell a used car. I don't care if you paid $30,000 for it and have paid a ton in insurance to drive it. If I can get a comparable used car for $10,000 I'm not going to give you $15,000 for yours, no matter how much you have in it. I don't care what you have in it or what you want out of it. So, if there are a lot of people buying cars, the costs of cars will go up and I'd be more willing to pay what you want. If there aren't people buying any cars, the cost of cars goes down and I will buy something else.

I'm not saying that $10 per point is the "right" cost or anything, I'm just saying that what people are willing to pay for rentals is more based on what they compare the costs of other options to than it is to what DVC members pay. Although I do expect that as rooms at wdw become more costly the costs for DVC will to, so there would be a correlation there but I'd argue that it is a spurious one. The price to rent points has to do with how many people are wanting to go to WDW. If a lot want to go, there won't be discounts on rooms and disney will charge more for rooms and people will be willing to pay more for dvc rental. If travel goes down a lot and disney has a lot of rooms open, they will have discounts and people will not be willing to pay as much for the room.

If people want to ask for more to rent their points they should.

 

[bongo59]

i used 10 bucks a point but now i am at 12 a point.................

 

[spoon full of sugar]

O.K. didn't mean to upset anyone, I just stated 10 points because that is what I had seen posted with a quick look at the renting board. Spiceycat,calyso*a*go-go and d-r thanks for the informative and calm answers. I live 2-3 hours from WDW so we usually go only for long weekends, DVC wouldn't help me with that I know. We always stay deluxe though, and I was thinking I would like to go for the first week of Christmas vacation. Of course, like everyone else I want to stay at VWL in a one or two bedroom. This would be the only time of the year that I would want to or could stay that long at WDW, have a DS can't miss school, and WILL NOT go during summer,(more space for other people ) so I'm just wondering if it would be more logical to buy a VWL DVC from an owner or just rent every year, knowing how hard it can be to get in that time of year.

 

[Cruelladeville]

If you are planning on going to WDW every year around Christmas, then you should definitely buy a contract. Renting points is too expensive, because it costs more points to stay at Christmas. Are you always going to get two weeks off for Christmas? Most schools this year are getting about 10 days, meaning that your cost will be at the holiday charge of about 350 pts vs 214 pts for a one bedroom villa. Even if you stay at the deluxe resorts, it's not nearly as much room as you would be getting thru DVC. Also, if you are always staying at holiday time, your break-even point with DVC is much sooner, since Disney never has specials on their rooms during the holidays.

 

[deide71]

When I originally thought of buying DVC I looked into renting points vs. buying in and paying dues. At first I thought it would be cheaper to rent as I am only going every oter year, and dues were so high. Then I read a lot of threads on the board, and realized that there are always several interested parties for any rental of points. It seemed demand out stripped supply, and I could save a lot of headache if I just bought 150 pts and rented/transferred any extra points I might have to offset the dues.

It seems point rental prices are going up.

 

[calypso*a*go-go]

I'm just wondering if it would be more logical to buy a VWL DVC from an owner or just rent every year, knowing how hard it can be to get in that time of year.

Yes, if you decide to go-for-it, definitely buy a VWL resale...or you can also buy directly through Disney, but you'll have to be on a waiting list (and it might take awhile). Of course, the week you want is one of the highest point requirements (isn't that always the case!). A 2bdrm during 12/24-12/31 runs 50 pts/night for Sun-Thur and 106 pts/night for Fri-Sat. That eats up a lot of points really fast. Good luck with your decision.

 

[snowbunny]

Yes, if you decide to go-for-it, definitely buy a VWL resale...or you can also buy directly through Disney, but you'll have to be on a waiting list (and it might take awhile).

Not necessarily...my folks just bought a contract at BWV directly from Disney as they did not want to go the resale route for various reasons.
The conversation started out as no immediate availability at BWV, only SSR....but as soon as they made it clear they were *not* buying SSR; it would be BWV from Disney or BWV resale, voila, a contract suddenly became available from their guide. Like within minutes.

 

[JohnNJ]

I went direct through Disney for BWV. My guide (Michelle) never tried to divert me to SSR. The only discussion we had was use year. I did have to wait a few weeks for the points/use year I wanted but the whole process was as smooth as silk.

 

[Beach_Bound9]

IMO, as DVC grows, more points are available for rent each year, keeping rental prices relatively low.

 

[spoon full of sugar]

I would actually want to go the week before Christmas, for example this year would be Sunday 18-Thursday 22, for the resorts the first half of the week is value season, the second half is holiday, but if you check in during value season you pay that price your entire stay. Is that the way points work, or would they go up halfway through my stay? Has any one stayed at VWL the week before Christmas, please tell me all about it.Thanks for all the great replies!

 

[Deb & Bill]

I would actually want to go the week before Christmas, for example this year would be Sunday 18-Thursday 22, for the resorts the first half of the week is value season, the second half is holiday, but if you check in during value season you pay that price your entire stay. Is that the way points work, or would they go up halfway through my stay? Has any one stayed at VWL the week before Christmas, please tell me all about it.Thanks for all the great replies!

DVC doesn't use the same seasons as WDW. From Dec 15-23 is Choice season, not the lowest point, but the second lowest point season. Dec 24-31 is Premier season. Points go for whatever the day requires. None of this "my vacation starts during Value Season, so my entire stay is Value Season."

So if you check in on Dec 15, you would use points at the Choice rate. Then the rest of the stay would be at Premier rate.

 

[d-r]

O.K. didn't mean to upset anyone, I just stated 10 points because that is what I had seen posted with a quick look at the renting board. Spiceycat,calyso*a*go-go and d-r thanks for the informative and calm answers.

I'm sorry, you misunderstood my tone if you thought I was upset. Sometimes in plain text it is hard to communicate a tone, and I'm sorry if you thought I was upset, I wasn't - I was just saying that the market sets the rate. I really don't have a dog in the hunt.

 

[spoon full of sugar]

d-r I didn't mean to imply you were upset. I was saying that you, spiceycat and calypso*a*go-go WEREN'T among those who had seemed to take offense, and that you were also very helpful. Sorry, I guess I put my in the wrong place, and it may have been misinterpreted, but thats not what I meant! Thanks again for your help.

 

[spoon full of sugar]

Deb&Bill thanks for the info, very helpful.

 

[d-r]

Oh, OK, now I get it. Thanks, I have a hard time with those kind of things sometimes. Thanks.
DR