How Dis-appointing

[DisFlan]

and what about unforseen emergency and having to cancel? God forbid of course <knock on wood> SEE MY DILEMMA? That's why I posted my "dis-appointment" with Disney. Dang if I do, Dang if I don't.

This is a trade-off we ALL make with DVC. When you reserve directly through CRO, one of the things you're paying more for is to be able to cancel at short notice. DVC is a different animal. It's mainly for people who can plan long range and know they'll be there.

But as a DVC member, if a problem comes up close to the time of your trip, you CAN rent out your reservation. It's done all the time. Or you can have those points placed in "holding status" to use later a bit differently. (Someone else can explain this more fully.) The bottom line is that you DON'T necessarily have to lose out entirely on those points if you can't go.

DisFlan

 

[ClarabelleCow]

Okay - still confused as to what the OP is trying to compare?? Apples to Apples or Apples to Oranges?? If you are comparing a DVC studio to a Deluxe room, I would say they are Apples to Apples, anything else, Apples to Oranges! And you really can't compare them if you trying to figure out savings.

 

[meuseman]

OP is comparing Apples to Apples Room wise, but forgot to add exchage rate on quote from CRO, thereby causing the rental vs. cro to look similar in price.

 

[eculmone]

Can you please tell us what type of room CRO has available for the equivalent price of $10/pt? I have never seen a DVC room offered through CRO for such a low cost. I think you're comparing apples and oranges.

It was WL Deluxe vs VWL but as I said, the total savings now would be $756 plus the 300. I wasn't calculating the exchange. So to go to the Lodge room would cost me $1056 MORE then VWL Studio and YES I've seen BOTH and NO it's not Apples and Oranges. They Both have little extras that are worth considering... i.e. in VWL I only get housekeeping 2x's a week and sofa bed is not too comfy, BUT microwave, toaster, laundry (comp) is a plus, on the other hand Lodge room none of the above amenities, BUT clean room and towels daily AND now they have comp fridges and your right in the Lodge only steps away from the pool... It's comparing Apples to Apples but my miscalculation in the US exchange had me bummed. I'm not anymore... Disney may STILL be a reality this March

 

[eculmone]

You sound like my DH. YOUR RIGHT. I have a few more years for the mortgage to be paid off and I DEFINITELY plan on being a DVC owner. I want to be able to bring my grandchildren <knock on wood, if I'm fortunate enough to have them in life>

Until then, my dh tells me to just be patient. No dues, no interest rate on financing and we do set aside every year $ for this. I guess I just like knowing we always have this piece of magic. I want to be able to bring my mom down while she's still able to enjoy it and then my dd possibly one day with her children? She's 21, and still single, but I'm planning...

 

[bongo59]

i agree you should never finance a luxury vacation purchase...............bad financial sense.

 

[DisneyKidds]

Maybe I am just not understanding something, you are staying in a hotel room for $1250.00 and comparing it to a 2 bedroom villa??? Maybe if you compared the Studio to the WL room, 82 points for the studio, you would be paying $820.00 to rent instead of $1250.00, a $430.00 savings.

Exactly. Why on earth would someone compare a 2 Br Villa to a single room at the WL???? That's insane.

Listen folks, there will be times when renting points doesn't save you any money. Forget about renting points on a Fri or Sat night during a premium season. Forget about renting points to use at non-DVC resorts. However, for most times of the year, especially if you don't have weekend nights, renting points is guaranteed to save you money. Yes, you lose some flexibility, but only youcan determine if that loss of flexibility to cancel or make changes is worth the savings you's realize.

 

[eculmone]

If you want to rent points consistently why wouldn't you try to buy a small little contract resale and then if you ever needed more points you could receive a transfer from another member. Then YOU would have total control of your reservations. As YOU would be a member.
P.S. Maybe a small little resale contract might be the way to talk your husband into joining. Just an idea Ease him into it . . .

Ewww, YOUR GOOD.

I like it... He did promise me that once the mortgage is paid off - 5 years to go. That he would revisit us purchasing DVC points. AND I really was thinking of this as a legacy to leave to my two girls... I could will it to them and then every time they do Disney, I'd be with them... YES, I DO CRY AT KODAK COMMERCIALS in case you were all wondering

 

[eculmone]

I'm sure that the OP is just trying to get someone to rent to them for less than $10/point...which as has already been pointed out, is a great bargain considering what you get for the money. In the past, we used discount codes when booking mods and thought we were getting a sweet deal. Now that we're DVCer's, we know the real truth about sweet deals

No Heidi that's not true. I've rented before and knew I could pay $199 to be a WL without renting. We go during Magic Season as it is dh's only time off and dd is out of school. If I were to rent the points at 10 pp it worked out to $189 a night? Now, I see Disney is offering WL for $299 a night, which is a bit too steep for my blood so I looked at two quotes. Disney lowers the price of your theme park tickets if you get a package deal, so they kinda suck you into the package vs paying seperately for it all. Anyhow it's a mute point, since I recalculated. The rooms r "deluxe" either way and $10 pp is not cheap either. It's just a nice way to see how the rich and famous live who pay $300 and up A NIGHT! I don't mind paying $10/pp IF I can get it.

 

[littlestar]

Ewww, YOUR GOOD.

I like it... He did promise me that once the mortgage is paid off - 5 years to go. That he would revisit us purchasing DVC points. AND I really was thinking of this as a legacy to leave to my two girls... I could will it to them and then every time they do Disney, I'd be with them... YES, I DO CRY AT KODAK COMMERCIALS in case you were all wondering

I'm also trying to talk my sister-in-law into doing this. You know, ease my brother in with a "itty, bitty, resale contract" and then get him hooked and buy more later. hee hee

I think a lot of people are afraid of the long term commitment and the idea of a small start seems easier. I know once we joined with our initial 150 points, we loved it so much that we added on our first trip on points.

Hopefully it will work out for you to get some points in the future. We're having a ball with our membership. We're heading down to Old Key West in the morning and taking our daughters and son-in-laws to Mickey's Merry Christmas Party for the weekend courtesy of our DVC Membership

 

[Grendel]

I think its a huge savings. I'm renting for the first time. Through CRO I could book the same studio for BCV for almost $2700. Through points its only $1340. Thats an incredible savings. This is still lower than what CRO quoted me for a rack rate room at Port Orleans. Granted I can probably get a AAA discount to lower it a bit more. But still for about the same price of a moderate I get the deluxe ammenities at my favorite resort. And to be doubly honest I've never been that impressed with my rooms at the Beach Club considering the price. So the room difference doesnt really bother me. I like it because of the location and pool. And I'm getting all of that for a moderate price...with no housekeeping and a little more risk.

Not to shabby....

hmm maybe ill rent even more points and go again this year!

 

[Tarabra]

O.k., maybe this was covered in one of the posts, but someone mentions that Disney eats it at the end and that they will be 90 by then, then someone else mentions willing it to their children. I thought that this could be transferred to your heirs. Which is it?

 

[TiggerFreak]

I have not read all posts on this thread, so this may have been mentioned already.
When comparing DVC and non DVC resorts, keep in mind that CRO reservations at non DVC resorts go up in $s with each additional person in room.
So 4 adults will pay more for the same room as 2 adults would, even though its the same room.
With DVC you are paying the same rate not matter how many are in room, up to the max occupancy.
This could make comparing the Lodge rooms and Villa rooms unequal if not using the max occupancy of the DVC room.
So for the OP with 2 people in the room, the full savings of renting DVC points would not be realized.

 

[TiggerFreak]

O.k., maybe this was covered in one of the posts, but someone mentions that Disney eats it at the end and that they will be 90 by then, then someone else mentions willing it to their children. I thought that this could be transferred to your heirs. Which is it?

I believe the "Dsiney eats it at the end" was in reference to the 50 year life of contracts. All DVC conctracts except SSR expire in 2042. I think SSR expires in 2054(I not sure on the date)

Prior to these expiration dates it is deeded real estate which upon your demise can be left to anyone you choose .

 

[eculmone]

O.k., maybe this was covered in one of the posts, but someone mentions that Disney eats it at the end and that they will be 90 by then, then someone else mentions willing it to their children. I thought that this could be transferred to your heirs. Which is it?

Well to be blunt, if you die before your lease expires, then you can will what's left to your heirs, provided they continue with the annual dues... And love Disney as much as you. AND can afford it... i.e. plane fare, food, tickets, etc. But when the lease is up it doesn't matter if it's you or your heirs, it goes back to Disney. They r the landlord and you r the tenant.

 

[Pa@okw95]

To rent a studio for 5 days at OKW in January would be 40 points thus $400, the room for those same 5 days would cost $1300 plus tax of 11%. For a one bedroom it would cost renting at $10 $800 against the actual cost of $1750 plus tax. Personally I don't think the members should be allowed to rent this place was suppose to be for members. But putting that aside it is a steal anyway you look at it, not to mention the accomodations are much larger with a one bedroom running 1005 sq. feet.

 

[icydog]

If anyone knows me, they know that I cannot fathom why anyone would rent their pts for $10 a piece. But that being said, does anyone have a way to figure out point value. For instance I have 3 OKW contracts bought is 1992, 93 and 94 and I paid from $55 to 67 per point. My BCV, BWV and Vero points cost more of course.

My question: How does one determine the price of a point. Also how do you figure out the value per point for one resort versus another DVC resort?. A member who bought into SSR just recently, and who rents his points out at $10 a piece, is not doing his math correctly. It costs him almost that much just for buy-in and maintenance fees. He's not making any money at $10 pp, so he should either use them himself, or rent them for a fire sale only at that price.

Also I find that a BWV or Beach Club (and to a somewhat lesser degree VWL) point is worth more than SSR or OKW point, so that would have to figure in the equation. I am not talking about the difference in the number of pts for a reservation. I am saying the worth of these resorts is greater because of limited availabilty of accommodations. Fewer rooms equals higher value (rental cost) per point for these two resorts.

Anyway, back to my original question, does anyone have a good way to figure pt value? I mean how much a pt is actually worth to an owner.I think consideration should be made for the price paid, mfs and value of the DVC resort

Thanks,
Marylyn

 

[jade1]

If anyone knows me, they know that I cannot fathom why anyone would rent their pts for $10 a piece. But that being said, does anyone have a way to figure out point value. For instance I have 3 OKW contracts bought is 1992, 93 and 94 and I paid from $55 to 67 per point. My BCV, BWV and Vero points cost more of course.

My question: How does one determine the price of a point. Also how do you figure out the value per point for one resort versus another DVC resort?. A member who bought into SSR just recently, and who rents his points out at $10 a piece, is not doing his math correctly. It costs him almost that much just for buy-in and maintenance fees. He's not making any money at $10 pp, so he should either use them himself, or rent them for a fire sale only at that price.

Also I find that a BWV or Beach Club (and to a somewhat lesser degree VWL) point is worth more than SSR or OKW point, so that would have to figure in the equation. I am not talking about the difference in the number of pts for a reservation. I am saying the worth of these resorts is greater because of limited availabilty of accommodations. Fewer rooms equals higher value (rental cost) per point for these two resorts.

Anyway, back to my original question, does anyone have a good way to figure pt value? I mean how much a pt is actually worth to an owner.I think consideration should be made for the price paid, mfs and value of the DVC resort

Thanks,
Marylyn

Its a good question. We paid 1/2 down and the rest over one year so we consider the dues only at this point. Then again with what we paid for the contracts and the dues each year combined is less than what we could currently sell it for, so I guess on paper we are staying for free.

 

[mamatojon]

Anyway, back to my original question, does anyone have a good way to figure pt value? I mean how much a pt is actually worth to an owner.I think consideration should be made for the price paid, mfs and value of the DVC resort

Thanks,
Marylyn

Well, I don't rent, but I did want to figure out my "cost" because we are going to take family soon and they will not accept a free trip, or even an almost free one. The way I came down to my cost was this: total purchase price = 150 pts x 85.00 per pt = 12750. I get 48 yrs of use out of these pts so the price per pt this year is 12750/150/48 = 1.77 ( I guess I could have just divided 85 by 48, huh? LOL) To that price per pt I add the current cost of dues = 3.96? ish right? so 1.77 + 3.96 = 5.73 point cost (this year).

If these were financed points I would have added the total interest paid to the total purchase price before dividing by 48. So for example someone who finances for 120 months at 9.75% interest and put down 10% would have a total financed amount of 11325 after putting down 1425 (this was based on 95$ per pt when I bought in Februrary, you put down 10% of the total before discounting them 10$ I believe) then the 11325 would accrue 6446.38 in interest over the life of the loan, plus the financed amount of 11325. 1425+11325+6448.38 = 19198.38 total purchase price. 19198.38/150/48 = 2.66 per point. Add the current years dues 3.96 = 6.62 per point cost (this year).

So, that is how I figured it, and I think how a lot of people figure it, leaving them still a few dollars a point profit at 10/pt rental even if they financed them. I'm certainly no financial wizard though, LOL!

 

[eculmone]

Now that's what I need to show to dh. Thanks Christine I'd like to be able not to have to finance a vacation so $5.73 sounds good to me. AND, I think resale is the way to go since I know I don't have 48 years to go. I'd like to enjoy my retirement years with my grandchildren. The time is really creeping up on me. I'd say realistically we'll be grandparents within 5 years dd is 21 and we'll still be young enough and mortgage will be paid.

Cross your fingers that nothing unforeseen comes our way and we'll be dvc'rs in a few years. One question, if your a dvc'r can you bring your dog to the Villa's or do you have to put them in the kennel. Friends of ours rent the house thing every year cus they can't stand leaving their two little guys home?