Has anyone bought resale through Disney?

[jennybdis]

Hi there!

I've spent a ton of time soaking up tons of information here in the past few weeks since we got back from Disney and went through the DVC presentation. Since we got back from Disney and started to investigate our options, we've decided to do resale--obviously, primarily because it's cheaper, but also because we want BCV as our home resort.

Disney followed up with us a few days ago, and we told our agent that we had decided to do resale since we wanted BCV. He then told us that they had resale contracts and would be happy to discuss resale with us. Currently, I'm expecting to pay about $75-80 pp for a resale contract with BCV; Disney is offering the same for about $115 pp, BUT, they said they would give us a contract with as many or as few points as we wanted, a use year of whenever we wanted, a point chart year for whenever we wanted, and he would try to fully load the points (meaning, if we'd buy in 2013, the 2012 points would be banked...) While I wasn't expecting to be interested in their offer, I do like the flexibility that they're offering us, AND, we are in interested in financing (we plan to pay off the contract in 2-3 years) and cannot get a home equity loan since our home lost so much value with the market's collapse... While I know many of you may suggest just waiting another 2-3 years to buy DVC when we would have the full amount saved, we plan to return to Disney next year, and I can't imagine spending another $4k on a trip and have nothing but memories from the trip when I could throw the same amount of money onto a DVC contract, stay next year in nicer accommodations, and have a quarter of the contract paid off...

So I guess my question is have any of you bought resale through Disney? Why? Was it purely for financing?

Secondly, they said during our initial presentation with DVC that there is no negotiating the price (if you're buying a new contract). Understand. But does anyone know if you can negotiate the price with resales? I would definitely buy through Disney IF I could get the price down--I realize they probably wouldn't meet what was currently on the resale market, but if they could go lower with the price, I would be interested. $115 pp is more than what a new SSR contract is going for (but I really don't want SSR as my home resort...)

Any other perks buying through Disney?

Thoughts appreciated. Thanks!

 

[Deb & Bill]

Hi there!

I've spent a ton of time soaking up tons of information here in the past few weeks since we got back from Disney and went through the DVC presentation. Since we got back from Disney and started to investigate our options, we've decided to do resale--obviously, primarily because it's cheaper, but also because we want BCV as our home resort.

Disney followed up with us a few days ago, and we told our agent that we had decided to do resale since we wanted BCV. He then told us that they had resale contracts and would be happy to discuss resale with us. Currently, I'm expecting to pay about $75-80 pp for a resale contract with BCV; Disney is offering the same for about $115 pp, BUT, they said they would give us a contract with as many or as few points as we wanted, a use year of whenever we wanted, a point chart year for whenever we wanted, and he would try to fully load the points (meaning, if we'd buy in 2013, the 2012 points would be banked...) While I wasn't expecting to be interested in their offer, I do like the flexibility that they're offering us, AND, we are in interested in financing (we plan to pay off the contract in 2-3 years) and cannot get a home equity loan since our home lost so much value with the market's collapse... While I know many of you may suggest just waiting another 2-3 years to buy DVC when we would have the full amount saved, we plan to return to Disney next year, and I can't imagine spending another $4k on a trip and have nothing but memories from the trip when I could throw the same amount of money onto a DVC contract, stay next year in nicer accommodations, and have a quarter of the contract paid off...

So I guess my question is have any of you bought resale through Disney? Why? Was it purely for financing?

Secondly, they said during our initial presentation with DVC that there is no negotiating the price (if you're buying a new contract). Understand. But does anyone know if you can negotiate the price with resales? I would definitely buy through Disney IF I could get the price down--I realize they probably wouldn't meet what was currently on the resale market, but if they could go lower with the price, I would be interested. $115 pp is more than what a new SSR contract is going for (but I really don't want SSR as my home resort...)

Any other perks buying through Disney?

Thoughts appreciated. Thanks!

When you buy from Disney, you are buying direct, not resale. They are just selling you points that they have gotten back from ROFR or other means. Just not the resort they are actively selling at the time. You don't get any of the perks, like 20 extra points or 15 extra points like they have advertised lately. You just get the points you want for the price you agree to. And they set the price. If you want to negotiate a price per point, you buy a true resale, not direct.

 

[sechelt]

I can only answer one of your questions. Did I buy direct just for the financing? Absolutely! It was so easy and pretty much no qualifying. I ended up paying off the full amount about a year and half after I bought. If I had the money to buy resale I would have. But I didn't and this worked just fine for me. I bought at VGC so have only had the contract since late 2009, but I've already used it four times for myself, various family members, and friends. I've never regretted my decision. Good luck!

 

[ToddyLu]

He is not giving you anything. The price is the price and if you do not buy the points they will sell them directly to someone else. Disney got the points back through ROFR, or picking up contracts that people could not afford. I have never ever heard of anyone negotiating with Disney.

The loaded contract is what you are paying for already...you are purchasing the points in 2012--so you get those...then the points for 2013 are given to you becasue of when you purchased and in the UY you chose.

We purchased in 2009. He told us I will give you 2008 points when you sign. We thought that was great until I read on here..we got 2008 points becasue we were in that UY when we purchased then our new points came a few months later...the points were not free...we were paying for them..He is twisting words...not lying...just not giving you the actualy details...weasel speak.

If you are patient you will get a resale for a lot less money and the UY you want. Notifiy the main resalers--Timeshare Store and Fidelity--what you are looking for and they will work with you.

As for financing.. we financed through Disney and bought direct. We did not want to use savings for DVC and interest was at least 8% through our bank at the time. Disney was immediate gratification at 10.75%. That is a lot of interest but was OK with us. We got a 10 year loan, which makes certain Dissers moan...not popular on here to finance. So we pay $237 monthly and another $80 month MFs. We own 210 AKV points and purchased with an incentive getting us to $93 PP in 2009.

So know that you will not get resale prices through Disney, interest is very high and they will present it to make you feel like thay are giving you something...which is never the case....sorry to bust that bubble.

 

[Sandisw]

The only question I have from your post is what do you mean by "he will give us the points charts that we want".

Everyone uses the same points charts and you are not locked in to the ones that are in effect when you purchase. If adjustments are made--and they are allowed to adjust the charts as long as the total points for the resort remains the same--then you would be subject to those, whether you buy resale or through Disney.

In terms of all the other pieces, you are getting what you are purchasing. The flexibility to have the contract size you want as well as the UY you want does make it a plus for buying through them. If you were thinking of a smaller contract (100 points or less), those are harder to find so being able to customize your purchase can also be a plus.

When we bought, we looked at things from the standpoint that we would go to Disney, regardless of whether we bought DVC, and it made no sense to continue to pay cash when we could buy DVC, financing and all, for no more than we would pay anyway for the room portion of our yearly trip.

Granted, paying more per point and financing charges, definitely impacts the overall savings that DVC can give you, but we just decided that what it really did was stretch out how long we would have to own the contract before we had spent less for DVC than had we continued as cash guests. Since we had no intention of stopping our trips and no intention of selling, it did not matter to us.

We did recognize, though, that if an emergency happened, and we had to sell before that "break even" point, it wouldn't be such a great deal and were okay with that.

We ended up not having to finance through Disney--used my Disney Visa to get 6 months, 0% interest--so that was a plus.

Good luck!

 

[Deb & Bill]

Like Toddylu said, you are just getting the points you are entitled to get when you buy direct from Disney.

For example, if you buy a Sept UY from Disney now, you will get 2011 points because you are currently in the Sept 2011 UY for that contract. And on Sept 1, 2012, you get 2012 points. On Sept 1, 2013, you get 2013 points. And the first points are NOT banked. They don't give you points that must be banked immediately if you are planning to use those points during your UY. They would only be banked if you didn't plan on using them during that UY. So you won't be getting Sept 2010 points when you are in a Sept 2011 UY.

Calendar year has nothing to do with the year of your points. It gets more confusing with Dec UY points. Everyone is almost done with the year and you are just getting your points for that year.

 

[Sandisw]

The only question I have from your post is what do you mean by "he will give us the points charts that we want".

Everyone uses the same points charts and you are not locked in to the ones that are in effect when you purchase. If adjustments are made--and they are allowed to adjust the charts as long as the total points for the resort remains the same--then you would be subject to those, whether you buy resale or through Disney.

In terms of all the other pieces, you are getting what you are purchasing. The flexibility to have the contract size you want as well as the UY you want does make it a plus for buying through them. If you were thinking of a smaller contract (100 points or less), those are harder to fine so being able to customize your purchase can also be a plus.

When we bought, we looked at things from the standpoint that we would go to Disney, regardless of whether we bought DVC, and it made no sense to continue to pay cash when we could buy DVC, financing and all, for no more than we would pay anyway for the room portion of our yearly trip.

Granted, paying more per point and financing charges, definitely impacts the overall savings that DVC can give you, but we just decided that what it really did was stretch out how long we would have to own the contract before we had spent less for DVC than had we continued as cash guests. Since we had no intention of stopping our trips and no intention of selling, it did not matter to us.

We did recognize, though, that if an emergency happened, and we had to sell before that "break even" point, it wouldn't be such a great deal and were okay with that.

We ended up not having to finance through Disney--used my Disney Visa to get 6 months, 0% interest--so that was a plus.

Good luck!

 

[jennybdis]

Thanks for the feedback, everyone. This is so very helpful and is allowing us to make a better-informed decision.

Sandisw, my assumption is if we told him we wanted to use a point chart from 2010 vs. a current one? (Admittedly, I didn't ask many questions during our conversation--our interest wasn't really piqued until after we got off the phone with him and discussed it further...) I pulled up point charts for several years back and compared them, and it's slightly fewer points for us to stay in a two bedroom BCV during dream season with a 2010 point chart (311) vs. 2011/2012 point charts (313 points) and 2009 (314). (Unless the point charts I pulled up were inaccurate?). Therefore, I'd rather work off of a 2010 point chart than a 2009 or current one, for example. I'm assuming he meant I could pick that I wanted the 2010 point chart, right? If I bought traditional resale (i.e., through Fidelity), I would be stuck with whatever point chart the original owner bought the contract in, right?

 

[erionm]

Thanks for the feedback, everyone. This is so very helpful and is allowing us to make a better-informed decision.

Sandisw, my assumption is if we told him we wanted to use a point chart from 2010 vs. a current one? (Admittedly, I didn't ask many questions during our conversation--our interest wasn't really piqued until after we got off the phone with him and discussed it further...) I pulled up point charts for several years back and compared them, and it's slightly fewer points for us to stay in a two bedroom BCV during dream season with a 2010 point chart (311) vs. 2011/2012 point charts (313 points) and 2009 (314). (Unless the point charts I pulled up were inaccurate?). Therefore, I'd rather work off of a 2010 point chart than a 2009 or current one, for example. I'm assuming he meant I could pick that I wanted the 2010 point chart, right? If I bought traditional resale (i.e., through Fidelity), I would be stuck with whatever point chart the original owner bought the contract in, right?

You have to use the point charts for the year the reservation will take place. This applies regards of purchase method.

 

[keaster]

I would really question the point chart "incentive" this guide is offering you, that sounds really fishy to me. I don't see how that would even possible to let people book on previous years' point charts, can you imagine the can of worms that would open amongst members?

And as others said you are not buying resale through Disney, you are buying direct at their set direct price.

 

[DannysMom]

Thanks for the feedback, everyone. This is so very helpful and is allowing us to make a better-informed decision.

Sandisw, my assumption is if we told him we wanted to use a point chart from 2010 vs. a current one? (Admittedly, I didn't ask many questions during our conversation--our interest wasn't really piqued until after we got off the phone with him and discussed it further...) I pulled up point charts for several years back and compared them, and it's slightly fewer points for us to stay in a two bedroom BCV during dream season with a 2010 point chart (311) vs. 2011/2012 point charts (313 points) and 2009 (314). (Unless the point charts I pulled up were inaccurate?). Therefore, I'd rather work off of a 2010 point chart than a 2009 or current one, for example. I'm assuming he meant I could pick that I wanted the 2010 point chart, right? If I bought traditional resale (i.e., through Fidelity), I would be stuck with whatever point chart the original owner bought the contract in, right?

No. That is not how it works. ALL members use the current years point chart. Does not matter when you bought or if you purchased direct or resale.

The only current difference in points bought direct from Disney or resale is that resale point usage has been slightly restricted. Some of the higher cost (point-wise) options are not available to resale buyers. So no Disney hotels that are not DVC, no DCL, no ABD, no concierge collection.

Not sure what your guide was talking about. You may have misunderstood something.

 

[jennybdis]

Oh, one other question that came to mind now that I understand this process a bit better: If we would buy BCV through Disney, those resale rules that went into effect in 2011 (not being able to use the points towards the Disney Collection, Disney Concierge, etc.) would not apply to us since we were buying through Disney? Those 2011 restrictions aren't weighing heavily on our decision either way, but, hey, if I'm paying top dollar for a "resale," I want all the normal perks that DVC members get.

 

[jennybdis]

LOL, OK, huge misunderstanding on my part with the point charts! I thought they changed each year and you worked off of the point chart of the year you bought. During the DVC presentation, our agent kept stressing how the point chart didn't change. So, apparently it does, correct?

 

[erionm]

Oh, one other question that came to mind now that I understand this process a bit better: If we would buy BCV through Disney, those resale rules that went into effect in 2011 (not being able to use the points towards the Disney Collection, Disney Concierge, etc.) would not apply to us since we were buying through Disney? Those 2011 restrictions aren't weighing heavily on our decision either way, but, hey, if I'm paying top dollar for a "resale," I want all the normal perks that DVC members get.

The resale restrictions apply to any purchase not made direct with DVC. Keep in mind, what was taken away could be taken from all members if DVC felt it was in their best interest to eliminate those bookings completely.

You are purchasing the opportunity to reserve at your home resort only. Anything else could be eliminated if DVC ultimately decided to.

 

[keaster]

Oh, one other question that came to mind now that I understand this process a bit better: If we would buy BCV through Disney, those resale rules that went into effect in 2011 (not being able to use the points towards the Disney Collection, Disney Concierge, etc.) would not apply to us since we were buying through Disney? Those 2011 restrictions aren't weighing heavily on our decision either way, but, hey, if I'm paying top dollar for a "resale," I want all the normal perks that DVC members get.

Yes, if you buy direct through disney you get access to the Disney collection, DCL, Adventures by Disney, etc.

If you buy resale, you will still have access to the RCI and Intrawest exchanges.

 

[erionm]

LOL, OK, huge misunderstanding on my part with the point charts! I thought they changed each year and you worked off of the point chart of the year you bought. During the DVC presentation, our agent kept stressing how the point chart didn't change. So, apparently it does, correct?

Points charts can change, but there are limits to the changes that can be made for DVC Resorts. Any increase in points must be offset by a decrease within a resorts point charts. The total number of points need to book all rooms for all nights of the year cant' be changed, only reallocated within seasons or room sizes.

 

[keaster]

LOL, OK, huge misunderstanding on my part with the point charts! I thought they changed each year and you worked off of the point chart of the year you bought. During the DVC presentation, our agent kept stressing how the point chart didn't change. So, apparently it does, correct?

The TOTAL amount of points for each resort does not change. However, points within the chart can be reallocated.

One example is in the 2013 chart: the points needed for a treehouse at SSR went up significantly from 2012, but points for other villas had to be readjusted down to make up the difference.

 

[vicki_c]

LOL, OK, huge misunderstanding on my part with the point charts! I thought they changed each year and you worked off of the point chart of the year you bought. During the DVC presentation, our agent kept stressing how the point chart didn't change. So, apparently it does, correct?

Points charts change slightly every year WITHIN the current total number of points at the resort. So, a 2 BR in March one year might be in one season, the next year maybe it's in a different season for the same dates due to Easter and therefore higher points. They can also reallocate points between days of the week, room types, views, etc and they have done that in the past. But the total number of points sold at the resort cannot change unless they add more rooms. that is not allowed, and that's what the guide meant.

It used to be that weekends were a lot more points than weekdays, causing low usage on weekends. Disney fixed that by lowering weekends and raising weekdays, to even out demand, for example.

 

[Sandisw]

Oh, one other question that came to mind now that I understand this process a bit better: If we would buy BCV through Disney, those resale rules that went into effect in 2011 (not being able to use the points towards the Disney Collection, Disney Concierge, etc.) would not apply to us since we were buying through Disney? Those 2011 restrictions aren't weighing heavily on our decision either way, but, hey, if I'm paying top dollar for a "resale," I want all the normal perks that DVC members get.

Yes, if you buy direct from Disney, you will be able to use your points for all the options at this time. You will not have restricted resale points. However, as mentioned, this can change at any time, even for direct buyers. There is nothing that prevents them from eliminating, for example, cruising, as an option, with DVC points. Unlike the DVC resort point charts which have to still balance if adjustments are made, the points for the Disney Collection, etc. do go up and there is no limit on this. So, if it costs 240 points to cruise in 2012 (making this number up), it could be 400 points in 2016.

LOL, OK, huge misunderstanding on my part with the point charts! I thought they changed each year and you worked off of the point chart of the year you bought. During the DVC presentation, our agent kept stressing how the point chart didn't change. So, apparently it does, correct?

As already mentioned, the points charts can and have changed, within the rules. IMO, if one looks at what it might cost you to travel in the higher priced Magic Season as well as what it would cost you to include both weekend days-even if you will travel for less than a week--you should get a general idea of what it could cost you for the same type of vacation over your ownership. If you currently travel in a lower point time, then right now, your points will go further. If you travel in Magic season now, and that changes down the road, then you might get more.

But, by using some of the higher priced seasons, it can possibly insulate you when and if adjustments are made. For example, back in 2010, the weekends were lowered which put weekday nights a bit higher. For those that bought with plans to always go Sun - Fr to avoid the higher point weekends, suddenly found their trips costing more. Those that were weekend travelers, suddenly had points to play with.

 

[Missyrose]

OP, the one thing you need to realize above everything else is that there's no such thing as a resale contract bought from Disney. A resale contract is one you buy from another owner, NOT Disney. Your DVC salesperson is trying to sell you a direct contract for one of the sold out resorts.


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