I crunched some numbers, but need some help...

[Juliet25]

I think I’ve finally decided to go with SSR. Since I missed F&F, I have to decide now between a resale, or direct from Disney. I wanted to run some numbers by you veterans and see if there’s anything I’m not taking into account. Here’s how I worked it out assuming purchasing SSR through Disney at $98 a point, versus through a resale at approx. $82 a point.

$98 X 150 = $14,700 - 1,200* = $13,500

$82 X 150 = $12,300 + 500** = $12,800

*current incentive of $1200 off
**approx. closing costs

Even with closing costs, it seems like a resale is the way to go. What am I not taking into account? If we purchase through Disney, we’d do Disney financing. Are there fees associated with doing this? I know a Home Equity Loan would incur some charges, so I figure Disney would too, but maybe not?

Thank you. This board is so helpful!!! I hope I can be a “real” member soon!

 

[Disney-Kim]

I belive there are closing costs in resale, not sure. Disney has none.

for us...Disney was a much easier route.

plus...Disney does not report to your credit or use up your precious home equity. this leaves the equity for home addon's etc. (at least in our case)

 

[Olaf]

And don't you get last year's points from Disney as well? Or was that just with F&F?

 

[shellbelle1971]

Do bear in mind that if you buy a resale for any resort other than SSR your contract will end in 2042. SSR expires in 2054. For some people those extra 12 years hold great value; for others, zero. If you're one for whom the extra years makes a difference, you may want to consider the direct from DVC, or making sure to purchase an SSR resale.

 

[browniemtb]

Even with closing costs, it seems like a resale is the way to go. What am I not taking into account? If we purchase through Disney, we’d do Disney financing. Are there fees associated with doing this? I know a Home Equity Loan would incur some charges, so I figure Disney would too, but maybe not?

There are no extra costs associated with Disney financing. You would get a rate of 9.75% for 10 years with 20% down. After market financing starts at around 11%. Also as some one mentioned above, through Disney you may get previous UY points where as in a resales those points may have been used and in some cases some points taken from the next UY. Resales also carry dues sometimes as well.....but resale is always negotiable...Disney isn't.
Brownie