How do you Rent DVC points?

[Dis31]

I've read many reports about people renting DVC points, sounds easy but how to do you do it ???

 

[disnygrl30]

There is a board on here called DVC Rent/Transfer points off the main page. Look there. There are always people wanting to sell or transfer points. You have to jump fast when you see something though, because they go fast. Good Luck!!!

 

[duckie0517]

there are 2 ways on how you can rent points.
1 - you list on the board that you are looking to buy points for a certain location (ie SSR/OKW/VWl, etc) for a certain time of stay. People will then reply to your posting. You then agree upon payment & price. The owner of the points (not you) will then make a reservation in your name. The owner of the points will then let you know the confirmation number.

2- you search on the board for someone who is selling points. You reply to their posting stating that you are looking for # of points for whatever location and your dates. You then agree upon payment & price. The owner of the points (not you) will then make a reservation in your name. The owner of the points will then let you know the confirmation number.

Note that there is no extra charges in doing this. You should only be paying for your points (ie $11/point x 55points = $605)

 

[deedeetoo]

I also have a question. Lets say you agree to rent points from someone, they make the reservation in your name and fax you the copy of the confirmed reservation. You send them money. What guarantee do you have that they won't change the reservation later and you will show up a WDW and there will be no reservation?

My dh is very paranoid about such things. He is not the trusting type. He says it doesn't matter if you have a contract, you are still at WDW with no room and you have to sue to get your money back. I am interested in renting but right now dh is very negative about it.

 

[abner1776]

Renting involves trust...on both ends. The DVC member is trusting that you will use the points and not cancel at the last minute and you are trusting that the DVC member will not change the ressie and leave you high and dry. Since you are dealing with a DVC member and not Joe schmow running a card game on the street corner, you can generally feel more "at ease" since most DVC members are into the Disney "thing" and they are into it for 30+ years. Also the last thing a DVC member wants is "bad press" about them since it will make renting in the future very problematic. From reading over these postings, I have not heard of anyone getting "stiffed" on either end of the renting issue, but that does not mean it can't happen.
I know that this probably will not "appease" your DH, but there are no guarantees in life and sometimes you just have to wing it.

 

[Sammie]

With the fantastic bargain comes an element of trust and risk to both the renter and the rentee.

Considering that most rent with no refund, you definitely need to rent from a reliable member, have good communication, and understand completely what you are getting into.

Certainly the Member must trust that the rentee will follow through also.

Make sure that you read all the info listed on the Rent/trade forum.

 

[rinkwide]

My dh is very paranoid about such things. He is not the trusting type. He says it doesn't matter if you have a contract, you are still at WDW with no room and you have to sue to get your money back. I am interested in renting but right now dh is very negative about it.

Three little letters will put your husband's mind at ease: C - R - O

 

[deedeetoo]

Three little letters will put your husband's mind at ease: C - R - O

I don't understand. Does CRO somehow get involved in renting points? I thought DVC was through a different reservation system. Could you please explain? My dh would be at ease if he knew that CRO was in the middle of the transaction.

 

[greenban]

Three little letters will put your husband's mind at ease: C - R - O

Dear OP:

Trust the Rink, his knowledge ranges far and Wide. He rings the (cow)bell for knowledge. CRO is the way for you to go!

-Tony

ETA: CRO only sells regular Disney vacations, with whatever discount code you can find. Sure the price is higher, but the security and easy of cancellation are there as well.

Simply put, renting DVC points requires significant trust on both sides, and major risk on you the rentees side. Given your description of your DH, renting DVC points will not be a pleasant experience for you.

Finally CRO and Disney do not get involved in a rental transaction and they will not/can not assist with any aspect of the rental process!


Best of luck,

-Tony

 

[Deb & Bill]

Trust is required by both parties. A member could change the name on the reservation after they gave it to you and give it to another. One member failed to pay his dues/payment balance and was foreclosed on by DVC. Only he had made a reservation for a non-member and accepted their money for it. When DVC foreclosed, the reservation was cancelled. The non-member showed up and there was no reservation. I've only heard about this happening once.

Likewise, a member could in good faith make a reservation for a non-member, only to have the non-member load up the room, damage the room, etc. The member would more than likely be stuck with the repair costs.

Cancellation is between you and the member. Some allow it, some don't. So, therefore, no refund. Or maybe only a partial refund.

If you don't feel you can find someone you can feel good about, your best resort is Central Reservations Office and not a DVC member.

 

[Sammie]

I don't understand. Does CRO somehow get involved in renting points? I thought DVC was through a different reservation system. Could you please explain? My dh would be at ease if he knew that CRO was in the middle of the transaction.

CRO will not be involved. This is a "private" transaction between the Member and the Renter. Any problems are being the two parties, Disney will not be involved.

What Rinkwide meant was if you want cancellation polices, etc. Go with CRO and not renting points from a member. That if your husband has concerns they are not going to go away.

 

[Tabetha]

I also have a question. Lets say you agree to rent points from someone, they make the reservation in your name and fax you the copy of the confirmed reservation. You send them money. What guarantee do you have that they won't change the reservation later and you will show up a WDW and there will be no reservation?

My dh is very paranoid about such things. He is not the trusting type. He says it doesn't matter if you have a contract, you are still at WDW with no room and you have to sue to get your money back. I am interested in renting but right now dh is very negative about it.

Lots of good advice from people much more experienced than I, however I'd suggest that once you have your confirmation number in hand, you can call anytime to confirm that it's still in the system and good to go!

But you can't put a price on peace of mind, to be sure...

 

[Deb & Bill]

Lots of good advice from people much more experienced than I, however I'd suggest that once you have your confirmation number in hand, you can call anytime to confirm that it's still in the system and good to go!

But you can't put a price on peace of mind, to be sure...

And a devious sort could cancel it or change the name on the reservation an hour before you arrive.

 

[Alexander]

And a devious sort could cancel it or change the name on the reservation an hour before you arrive.

Change the name, yeah, but cancel, and then they'd lose their points. They would likely cancel within the 24 hour period and have the points go into holding!

 

[Deb & Bill]

Change the name, yeah, but cancel, and then they'd lose their points. They would likely cancel within the 24 hour period and have the points go into holding!

Yeah, I thought about that after I wrote. But could they change the reservation to another resort or date an hour before the non-member checked in?

 

[CarolMN]

I also have a question. Lets say you agree to rent points from someone, they make the reservation in your name and fax you the copy of the confirmed reservation. You send them money. What guarantee do you have that they won't change the reservation later and you will show up a WDW and there will be no reservation?

My dh is very paranoid about such things. He is not the trusting type. He says it doesn't matter if you have a contract, you are still at WDW with no room and you have to sue to get your money back. I am interested in renting but right now dh is very negative about it.

Given the way your DH feels, renting points is not a good choice for you. Saving a few dollars just isn't going to be worth the stress - every little glitch that comes up has the possibility of starting a fight. Not a good thing!

If you do your homework, renting points from a DVC member can be a great bargain. But private transactions between strangers always carry risk. All of us have a different tolerance for risk. And your DH is correct - if the person you rent from is not trustworthy (or is incompetent), you really don't have much recourse. Lawsuits are expensive - probably cost you more than it's worth to recover your $$.

That said, it is unlikely that you will encounter any problems with renting from a DVC member - that's why so many do it. However, for people who will stress out about the possibility of getting "ripped off", it's just not worth it. For them, reserving a room the usual way - through Disney, is best.

Best wishes -

 

[JimMIA]

And a devious sort could cancel it or change the name on the reservation an hour before you arrive.

I have personally NEVER heard of a DVC owner cancelling a reservation on a renter except for non-payment. Actually, the reality we often see is an owner who has not received one red cent from a renter agonizing over whether to cancel or continue to give the renter the benefit of the doubt. I have heard of one (and only one) renter who never paid a penny and enjoyed a free vacation at the expense of a gullible DVC owner. Considering the tiny specks of problems we dissect daily here, I think we would have heard if there had been a real problem

Literally thousands of people "rent" DVC vacations each year without any problems of any kind, and most of the time when we hear about issues, they involve a renter not paying promptly or wanting to change reservations at the last minute.

The question of cancellation policies is certainly a major difference between "renting" a DVC reservation and booking through CRO, and many people will be more comfortable paying 30-40% more to enjoy the CRO peace of mind.

But I don't think the integrity of either the owners or renters is a big problem at all. If it is, it must be one of those "Best-Kept Secrets!"

 

[chip1]

It is not unreasonable for you to ask for names of people the DVC member has rented to/transferred to in the past. I keep a list of people I have worked with in case I receive such requests. I rarely get requests, but would gladly provide names if it gave a potential renter peace of mind. I have nothing to lose. I have never had a problem, in fact I feel quite lucky that I have rented to people who are quite kind and very considerate. The experience has always been positive. I have always exchanged phone numbers and spoke on the phone first; I think you can gauge by the phone conversation who you are dealing with. Best of luck!

 

[newfamilyman]

You can also pay with PayPal for added security; just make sure you rent from somebody who accepts it.

 

[deedeetoo]

Thanks everybody. I think you all are right when you say my dh will not ever be comfortable with renting points. He has told me that he could never really relax with such an arrangement. I guess renting points is not for us.