Head vs heart resale

[Choppers]

Hi Disney fans! Been lurking for a little while and finally got round to registering.

Question for all you dvc aficionados.

We’re looking at a resale contract and keep yo-yoing on what we should do. We’re from Scotland, in our late 30s, no kids and no plans for them either. Likely travelling every 2 years.

We love the crescent lake resorts (doesn’t everyone?) but know their contracts are 2042s. The contracts are still fairly expensive for the shorter length on offer.

Our other option is buying copper creek. We love the resort but the location isn’t as perfect as we’d like it to be.

Essentially the heart wants an Epcot resort but the head says copper creek. What would you do?

 

[thanxfornoticin]

16+ years is still a decent amount of time and a lot of fun and memories around Crescent Lake. Perhaps start there and then see how you feel down the road about perhaps adding on at a CC? Hard for many of us to say since we don't know you're entire situation, but I wouldn't avoid the place you really want to stay because of the 2042 - just expect to use it until the end in January of 2042!

 

[Choppers]

It would help if I gave some context wouldn’t it . Have added a little more detail.

 

[matt_in_nh]

We recently bought BLT resale and not because it is the resort we love.....it was more a best value spreadsheet decision...CCV is up there for that too. For me, I want the ability (no guarantees I know) to sell after 10ish years if we want. The Crescent lake resorts will almost surely dive in value over the next 10 years so they were just off the table. The other thing is if we love and want to keep it, I want that option too. You can book Crescent lake resorts (BCV and BWV) with CCV points....so there is that, with the caveat you will be using wait lists to do it. I have been planning a late Sept visit and wanted three days at Crescent lake and 3 at BLT. I had little trouble getting BWV at 7 months, I did put in a wait list. I wanted BCV and it was mostly unavailable, one day popped up and I grabbed it. I then did the other two days via waitlists and they both came through. So....my opinion is have your cake and eat it too... Get CCV and stay at Crescent lake but you will have to work for it and some room categories will be hard.

 

[AstroBlasters]

Hi Disney fans! Been lurking for a little while and finally got round to registering.

Question for all you dvc aficionados.

We’re looking at a resale contract and keep yo-yoing on what we should do. We’re from Scotland, in our late 30s, no kids and no plans for them either. Likely travelling every 2 years.

We love the crescent lake resorts (doesn’t everyone?) but know their contracts are 2042s. The contracts are still fairly expensive for the shorter length on offer.

Our other option is buying copper creek. We love the resort but the location isn’t as perfect as we’d like it to be.

Essentially the heart wants an Epcot resort but the head says copper creek. What would you do?

Always go heart. The 2042s also provide a nice exit point if you aren’t still wanting to travel to WDW In your mid 50’s.

 

[byurick]

Always go heart. The 2042s also provide a nice exit point if you aren’t still wanting to travel to WDW In your mid 50’s.

Plus since they said likely every 2 years they can bank or borrow and purchase a smaller contract to save some $$

 

[Sandisw]

While I would have a hard time paying for the Epcot resorts at todays prices, neither is my top choice.

I think if you have a resort you know you want to stay at, then that’s where one should by because DVC is just too expensive to not own what you want.

We did that…we bought BLT over SSR for our first contract…because we figured the extra $5k was averaged $500/year more. assuming 10 years, and well worth knowing we could book where we wanted to be.

So, if the Crescent area is it, buy there!

 

[kilik64]

Just rent, the math doesnt math for every two years with the short time left. You are literally talking 8 trips...

 

[AstroBlasters]

Just rent, the math doesnt math for every two years with the short time left. You are literally talking 8 trips...

And arrive at the hotel just to learn that your reservation was cancelled because it was through a commercial renter?

Or give up the option to waitlist another resort? Or just the flexibility to change the dates slightly because of flight times?

 

[purrenh1]

Just rent, the math doesnt math for every two years with the short time left. You are literally talking 8 trips...

This is the kind of spreadsheet feature we all need. I'd like to know what a buyer now is getting for Boardwalk points over the next 10 years and all the way to 2042, and how that compares to renting (is it easy to rent Crescent Lake? Not really, but it's possible) or rack rate.

 

[kilik64]

And arrive at the hotel just to learn that your reservation was cancelled because it was through a commercial renter?

Or give up the option to waitlist another resort? Or just the flexibility to change the dates slightly because of flight times?

There's definitely FUD with rentals right now (greatly overblown IMHO), but yup.

I wouldn't buy BWV or BC with that plan, CCV sure and most likely you can get into one of them some times too, we've got into both so far via waitlist.

 

[Choppers]

Just rent, the math doesnt math for every two years with the short time left. You are literally talking 8 trips...

A 10 night rental (is that even possible realistically?) would be $5-8000 depending on time of travel from I can see. Even going every other year I find it hard to believe renting is cheaper than buying if you can afford it. Obviously there’s much more complexity than that but renting isn’t necessarily the solution.

 

[AstroBlasters]

There's definitely FUD with rentals right now (greatly overblown IMHO), but yup.

I wouldn't buy BWV or BC with that plan, CCV sure and most likely you can get into one of them some times too, we've got into both so far via waitlist.

I think the idea of buying into BW and waitlisting into BC and vice versa works just fine….

 

[radiodome21]

I too wanted BWV when I first started looking. But I couldn’t get over the 2042 expiration. I did look also at it from the perspective of maybe I’d want to be done with Disney trips in 16 years. And who knows maybe I will, though doubtful . But ultimately I wanted something to leave my kids and don’t want to be boxed into a 2042 resort. Plus, since we don’t always take advantage of the 11 booking window I wasn’t sure if I could actually get a BWV reservation at 7 months or less if that was my home resort. I bought 150 direct at VGF and love it. In my heart I too wanted a crescent lake resort. But I went with my head and have no regrets.

We got to stay at BRV in April for the Springtime Surprise 10k and we loved everything about it except the transportation.

 

[MICKIMINI]

If you would buy a car you don't really want or a home you don't really like because it is cheaper or friends insist you aren't doing the right thing, then you are a good candidate for CCV. We do LOVE CCV and BRV but a different conversation here. What is the value of joy and convenience to be where you want to be?

Who knows what your future will hold? As a 30 year DVC member and 52 year WDW veteran, I have seen so many changes in our lives. If you love BWV or BCV go for it IMO!

Yes, some choices absolutely have to be made with your head, but this one absolutely should be made with your heart!!


*Please note that 2042 resorts expire in January of 2042, so it may be best to plan a trip in 2040 borrowing 2041 points.

 

[sethschroeder]

We had really look at CCV and even had done a contract but cancelled it because just couldn't get over the location as we just loved Epcot area more. So we went with RIV (owned BWV resale as well).

We have used our points at BCV now 2 different times and VGF another time (AKV before being DVC members) and we are in the the mindset we made the right choice. Being in Epcot area is just a nice better experience for us and our family.

Nothing wrong with buy BWV at this point. You will still come out ahead you just won't have the much longer ownership that makes you come out that much further ahead.

 

[Brittleebee]

For myself, I made the decision based on head/heart money. I didn’t have heart money, so I went with head money. My SSR contract has allowed me a trip to CCV, BRV, Poly and BLT. I WILL say though - BWV and BCV have been nearly impossible to snag during my travel periods. I would definitely do research pertaining to that before I bought something else.

 

[juliebee]

If you are planning to book vacations at least 7 months out, then buy where you want to stay. Especially because you are flying internationally. Buying somewhere else and trying to hope and puzzle together a trip to the resort you truly want to stay at will be frustrating. Research prices on the ROFR thread and get yourself a good deal on your dream resort!

 

[Mr_Woodchuck]

OP -- when do you typically travel and what kind of rooms do you want to book at Beach Club?

 

[Mle8308]

I'd rent points if only going every other year, if looking at a Crescent Lake resort. Remember, you have to pay dues on those points, too. As another poster said, with 16 years left, that is only 8 visits. And UK residents get great offers for stays, you would not if you buy DVC. You would have to buy AP's, you can get the discounted Sorcerer's pass, but you can get cheaper 14 day hopper tickets from Attractions Tickets UK. And not have to worry about being online right at 8am EST - maybe 2pm your time(?) to book. As an owner you can only book 7 nights at a time, then add on each day until you get to the number of nights you want. Or you can find an owner or two and rent. Yes they say they are cracking down on commercial renting, but for an owner who only rents one or two times a year, I don't think that is who DVC is going after. I don't think it's a great use of money, you can probably get better deals elsewhere. A lot can change in 16 years and since you aren't in the US, I wouldn't buy DVC, especially since you don't plan to visit every year.