I can'y justify $95 p/p period. The single most expensive resale on this site is $76 p/p. Even with closing costs it's less than $80 p/p. ( $3000 savings on a 200 pt contract) Other properties can be had for as little as $63 p/p including the closing costs ($6400 savings on a 200 pt contract) and MANY of these have banked points. In short you can save a nice amount of money and get "bonus" points via resale or you can go Disney where the "Magical Beginnings" saves you a whopping $5 p/p and you lose a year of use. Unless one is hell bent on Saratoga Springs I can't see purchasing from Disney. And even then I would strongly consider waiting a few years and going resale. Furthermore if financing is an issue, the smartest way to finance is with a tax-deductible home equity loan which I would bet offer lower rates than Disney financing. About the only arguement I can make for going through Disney is convenience.
I was going to add on thru Disney but...
- Thread starter Par8hed
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Pa@okw95
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There is an extra 12 years I believe over at SSR, other contracts end in 2042, that might make a diffence to you if you are young.
rocketriter
DIS Veteran
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Buy where you want to stay. Figure the cost against your desires (rather than some abstract calculation of the best deal), then make your decision. A cheap purchase at the wrong resort is no deal at all.
While I typically endorse the "buy where you want to stay" mantra, there are a few factual errors in your post.
The promotion alternatives most frequently reported are either:
1. Flat $5 off per point and the ability to keep all points.
2. $10 off per point with first year's point forfeited.
If one is deferring Disney vacations for a couple of years, I would think it more advantageous to buy now and rent the first couple of years' worth of points. If you buy at (net) $90, and rent the points at $10 each for the first two years, then your final cost is about $70.
How will that compare with resale prices in two years? Who knows?
If one plans to vacation at WDW right away, it would be tough to argue that someone should defer DVC, pay cash now, and buy a resale later.
DVC loans are also tax deductible. Certainly the interest rates would be lower on a home equity, but you're also putting your home at risk with the loan. With a DVC loan, the only thing at risk is your DVC contract.
There have also been recent reports of new buyers being offered plans with no payments and no interest until mid-2005, which may be attractive to some potential buyers.
Finally, as Pa@okw95 pointed out, SSR contracts are 12 years longer than any of the other resorts. I'm sure this is a big part of DVC's current pricing scheme. SSR contracts will most certainly maintain their resale value longer than the other resorts--particularly 20+ years from now. An SSR contract with 30 years remaining will certainly have more value than an OKW contract with 18 years left.
The promotion alternatives most frequently reported are either:
1. Flat $5 off per point and the ability to keep all points.
2. $10 off per point with first year's point forfeited.
If one is deferring Disney vacations for a couple of years, I would think it more advantageous to buy now and rent the first couple of years' worth of points. If you buy at (net) $90, and rent the points at $10 each for the first two years, then your final cost is about $70.
How will that compare with resale prices in two years? Who knows?
If one plans to vacation at WDW right away, it would be tough to argue that someone should defer DVC, pay cash now, and buy a resale later.
DVC loans are also tax deductible. Certainly the interest rates would be lower on a home equity, but you're also putting your home at risk with the loan. With a DVC loan, the only thing at risk is your DVC contract.
There have also been recent reports of new buyers being offered plans with no payments and no interest until mid-2005, which may be attractive to some potential buyers.
Finally, as Pa@okw95 pointed out, SSR contracts are 12 years longer than any of the other resorts. I'm sure this is a big part of DVC's current pricing scheme. SSR contracts will most certainly maintain their resale value longer than the other resorts--particularly 20+ years from now. An SSR contract with 30 years remaining will certainly have more value than an OKW contract with 18 years left.
My point seems to have been missed. I am adding on, not making an initial purchase. So keeping Saratoga Springs out of the equation ...... Add ons can be had at all the other resorts both through Disney and via resale. How can one fiscally justify adding on through Disney at $95 ?
pumpkinboy
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Yeah, what Bobbi said. We did a 65 point BWV add-on thru DVC and it was sooooo easy and painless. The new points match our use year and no transaction fees, and we did not have to give any points back; the price is $84 per point at the sold-out resorts. Admittedly, for a larger add-on contract, you are likely better off going resale, where you spread transaction costs over more points.Originally posted by bobbiwoz
Add-ons through Disney are $84 a point if the resort is not SSR.
Bobbi
JimC
DVC Co-Moderator
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The cost per point for the points you buy over the remaining term of the contract is the best way to compare contracts, and that simple analysis is not perfect. But at least it accounts for the most significant variable -- the total number of points being acquired.
SSR at $95 and no incentives is $1.90 per point over the term of the contract. Another resort bought through Disney at $84 is $2.21 per point over the term of the contract. For those of you who bought in SSR at the earliest pre-opening price of $79 you paid $1.58 per point.
To compare, resales are going for $1.90 to about $2.10 per point over the remaining terms of the contracts, including closing costs. With resales this adjusts for the differences in contract status (stripped to fully banked).
SSR at $95 and no incentives is $1.90 per point over the term of the contract. Another resort bought through Disney at $84 is $2.21 per point over the term of the contract. For those of you who bought in SSR at the earliest pre-opening price of $79 you paid $1.58 per point.
To compare, resales are going for $1.90 to about $2.10 per point over the remaining terms of the contracts, including closing costs. With resales this adjusts for the differences in contract status (stripped to fully banked).
I don't think the only reason to add-on thru Disney is convenience.
Like Tjkraz said, a home equity loan places a lien against your home. I am in a very secure situation, but I am not placing a lien on my property to buy vacation shares. College maybe, but not DVC. To each his own on this one.
I have been checking resales daily for months now, and the best deals to be had are on very large contracts or VB. The OKW contracts seem to offer the best value for onsites with banked points.
The BCV, BWV, and VWL contracts with banked points are very rare, especially if you take into consideration UY preference. Many of these contracts are stripped and you wont get a full allotment of points until 2006 because the seller has used them all. These contracts are not discounted, Im sure you could negotiate the MF's with the seller for the used points, but I may as well wait for DVC if I am going to buy a contract and not get points until 2006. When all is said and done you may save $2 to $4 ppt over DVC.
When/If my add-on comes thru DVC, I will get current year points, and I will only pay MF's for the remainder of that year, I will get my same UY and the number of points I need, I won't have to put a lien on our property to finance, and I wont have to wait for ROFR or closing to make a ressie.
Like Tjkraz said, a home equity loan places a lien against your home. I am in a very secure situation, but I am not placing a lien on my property to buy vacation shares. College maybe, but not DVC. To each his own on this one.
I have been checking resales daily for months now, and the best deals to be had are on very large contracts or VB. The OKW contracts seem to offer the best value for onsites with banked points.
The BCV, BWV, and VWL contracts with banked points are very rare, especially if you take into consideration UY preference. Many of these contracts are stripped and you wont get a full allotment of points until 2006 because the seller has used them all. These contracts are not discounted, Im sure you could negotiate the MF's with the seller for the used points, but I may as well wait for DVC if I am going to buy a contract and not get points until 2006. When all is said and done you may save $2 to $4 ppt over DVC.
When/If my add-on comes thru DVC, I will get current year points, and I will only pay MF's for the remainder of that year, I will get my same UY and the number of points I need, I won't have to put a lien on our property to finance, and I wont have to wait for ROFR or closing to make a ressie.
goofy4tink
No tags...not needed! Transportation moderator
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I'm in the process of adding 50 pts at BWV. UY is June starting in 2004, $84 per point. I couldn't be happier. We are financing thru Disney but will be paying both our contracts off within 2 years.
poohnpiglet3
Mouseketeer
- Joined
- Jan 19, 2004
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As for the question, I would think it would be worth going through Disney if you wanted SSR for the extra years. For an add-on resale, it's not such a bad thing if you have the immediate cash for closing, but Disney makes it very nice for those who need to finance.
On another note, and not to bash you on your own thread, but I really take offense to your signature pictures.
You are absolutely entitled to your right to free speech, but I just think they're in poor taste.
Sherri
On another note, and not to bash you on your own thread, but I really take offense to your signature pictures.
You are absolutely entitled to your right to free speech, but I just think they're in poor taste.
Sherri
Sherri:
I'm sincerely sorry if you feel offended. No offense is intended. Just some humor. I truly think it is funny. There are many posters on here with political messages in their signatures. I have received many, many comments about it and all of them, up until yours, have been extremely positive. As you are undoubtedly aware. About 50 % of the nation feels strongly in favor of President Bush and about 50 % are strongly against him. I disagree with many of the political views of the other 50% but I still respect their right to voice their opinion and am proud to call some of them my best friends. Hope you have a good day
I'm sincerely sorry if you feel offended. No offense is intended. Just some humor. I truly think it is funny. There are many posters on here with political messages in their signatures. I have received many, many comments about it and all of them, up until yours, have been extremely positive. As you are undoubtedly aware. About 50 % of the nation feels strongly in favor of President Bush and about 50 % are strongly against him. I disagree with many of the political views of the other 50% but I still respect their right to voice their opinion and am proud to call some of them my best friends. Hope you have a good day
Well, now you've got two people who don't care for it.
I have absolutely no problem with the banners people use to support their candidate of choice. And my opinion has nothing to do with political agendas--I'd have the same opinion if the subject were an actor, athlete or anyone else in the public spotlight.
But there's a fine line between satire and poor taste. IMO, that image is in poor taste.
Dean
DIS Veteran<br><a href="http://www.wdwinfo.com/dis
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- 39,228
I think there are some inaccuracies floating around in this thread. No matter how you look at it, Magical Beginnings or renting points does not return pure profit. It will return the difference between the rental price and the dues plus any other expenses including phone calls and the like. this will generally be in the neighborhood of $5.50 to $6 pp per year. As for the $5 pp off the top, I was under the impression it was essentially gone other than to people who were already in the works.
Obviously there is a cost point where it becomes reasonable for SOME to take their chances of buying one resort and trying to stay at another. Each person has to decide there this is for them. IMO, if someone goes into DVC and only wants to stay at X resort, they should buy there. If the differences is too much or the cost too high, those with that plan should likely not buy rather than buying someone they don't want to stay.
While someone who truly knows what's going on might buy now to use in a couple of years, many people who are thinking that way don't have enough info to know if they'll visit routinely or not. typically it seems someone makes a trip or two, stays at or tours DVC and are excited. They are rational enough to know it'll be a couple of years before they will return but not always rational enough to realize they likely won't go enough to make ownership worthwhile.
While it may or may not be a good idea to tie up a home with a lien, that varies a lot with the situation. Frankly, anyone who is in a situation where they're likely to have a problem, shouldn't finance DVC anyway. Either don't buy or save and wait. The price isn't going to go up enough to outweigh the high interest rates. It makes no sense to me to spend 11% interest rather than 6%. And with some credit cards you can get 0-3.9% in many situations if you follow the rules correctly.
As for the loan being tax deductible, that may be true for some, not for others. Resales can be had for $1.70 to $1.90 per point though minor differences of less than 10-15% are almost meaningless, IMO. It's also possible to finance a resale for a similr interest rate to DVC without putting one's home up. But no question the advantges for a smaller contract are less or even non existent so one should look at all alternatives and decide what's best for them.
Par8hed, add me to the nay list.
Obviously there is a cost point where it becomes reasonable for SOME to take their chances of buying one resort and trying to stay at another. Each person has to decide there this is for them. IMO, if someone goes into DVC and only wants to stay at X resort, they should buy there. If the differences is too much or the cost too high, those with that plan should likely not buy rather than buying someone they don't want to stay.
While someone who truly knows what's going on might buy now to use in a couple of years, many people who are thinking that way don't have enough info to know if they'll visit routinely or not. typically it seems someone makes a trip or two, stays at or tours DVC and are excited. They are rational enough to know it'll be a couple of years before they will return but not always rational enough to realize they likely won't go enough to make ownership worthwhile.
While it may or may not be a good idea to tie up a home with a lien, that varies a lot with the situation. Frankly, anyone who is in a situation where they're likely to have a problem, shouldn't finance DVC anyway. Either don't buy or save and wait. The price isn't going to go up enough to outweigh the high interest rates. It makes no sense to me to spend 11% interest rather than 6%. And with some credit cards you can get 0-3.9% in many situations if you follow the rules correctly.
As for the loan being tax deductible, that may be true for some, not for others. Resales can be had for $1.70 to $1.90 per point though minor differences of less than 10-15% are almost meaningless, IMO. It's also possible to finance a resale for a similr interest rate to DVC without putting one's home up. But no question the advantges for a smaller contract are less or even non existent so one should look at all alternatives and decide what's best for them.
Par8hed, add me to the nay list.
pumpkinboy
<a href="http://www.wdwinfo.com/dis-sponsor/" targ
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I miss the Simp vs. Chimp! 
poohnpiglet3
Mouseketeer
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- Jan 19, 2004
- Messages
- 362
The wonderful part of America... we're open to dissention.
I thought of many things to say, but I don't want to turn this into a bashing thread... all I know is that in America you can even produce something like Fahrenheit 9/11 and call it a "documentary" instead of fiction, as it should rightfully be called. (Forgive me, all of you from other countries, I don't mean to be ethnocentric!)
Like I said, I don't want to hijack your thread with this, but I do find your political pictures to be VERY over the top. Your latest one included in this.
Is this REALLY the place for you to have to act like this?
*bowing out of the coversation now, but very happy to see that I am not alone in my position.*
Sherri
*edited to say that in 1983, I was in 3rd grade. Obviously, times change, as do people. I'm sure that we could find several pictures of left-wingers doing alot worse than shaking hands with ousted dictators.
I thought of many things to say, but I don't want to turn this into a bashing thread... all I know is that in America you can even produce something like Fahrenheit 9/11 and call it a "documentary" instead of fiction, as it should rightfully be called. (Forgive me, all of you from other countries, I don't mean to be ethnocentric!)
Like I said, I don't want to hijack your thread with this, but I do find your political pictures to be VERY over the top. Your latest one included in this.
Is this REALLY the place for you to have to act like this?
*bowing out of the coversation now, but very happy to see that I am not alone in my position.*
Sherri
*edited to say that in 1983, I was in 3rd grade. Obviously, times change, as do people. I'm sure that we could find several pictures of left-wingers doing alot worse than shaking hands with ousted dictators.
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