If I buy through Disney...

[jerivera]

Ok. If I bought through Disney. What's the benefit, other than "no hassle" and potentially financing through them?

Say for example, that I wanted to buy 160 points in BCV.

If I went through a resale, the cost would be significantly cheaper than if I went through Disney. However, the "ownership until" date is 2042 (so, 32 years vs 50 years for a "new" dvc contract in BLT).

If I instead went through Disney, would the contract date change to 2060? Or would it stay 2042 (which would make it horrendously overpriced to go through Disney)?

Thanks!!

 

[erionm]

All BCV contracts expire in 2042.

 

[jerivera]

Seriously???

That's just wrong!

 

[csharpwv]

In my opinion - and I have no facts or experiences to back this up - I think you can negotiate a price with our DVC guide.

In my opinion - DVC is crazy if they think they can sell points at 'retail' when they are available for a significant amount less on the resale market. That's what makes me think that you can negotiate a lower price - more than likely if you are a current member.

We bought our first points thought DVC directly at AKV because when we bought at AKV the price per point was almost identical to the resale market - PLUS we got a 'matching set' of Developer Points at Saratoga Springs to use until AKV- Kidani was completed. So we got an extra week added to our purchase on the front end our contract - which we loved!

Then when we thought about adding on we one again decided to buy directly through DVC at Bay Lake Tower because we got a free 7 night cruise as a promotion. We did the math - and we came out ahead buying through DVC because of the promotion - AND $x.xx off per point. So we bought BLT at a great price - with great promotions.

Then when we wanted to add on again about a year later - the amount of points that we wanted to buy at SSR wasn't available through DVC at the time with our use year - and there weren't any promos or price cuts on that amount of points (under 100) so we bought on the resale market.

The only difference that we noticed by buying resale was it took a little longer and it wasn't quite as 'deluxe' if that makes any sense. No fancy packages in the mail - there was confusion as to how many points we would 'actually' be getting immediately (the previous owner didn't really understand DVC I guess) - and the communication wasn't as good - but it was good enough to know that we were in good shape and there wasn't any 'funny business' going on.

Really it's all about comfort - and experience. Did we LOVE buying in the DVC center? YES - it was fantastic! Did we love saving money through resale - YES it was fantastic!

So.... was there a difference - yes - but did the difference matter - not really (in the grand scheme of things)

To touch on a question that you ask earlier about the expiration difference - the only resort that DVC has extended an offer to lengthen the 'life' of the contract was at Old Key West - and that option was either $9.00 or $10.00 a point to add 15 years to their contract - from 2042 - to 2057.

If you have questions - this is the place to ask them!

If you have any questions this is the place to put them out for an answer!

 

[chalee94]

In my opinion - and I have no facts or experiences to back this up - I think you can negotiate a price with our DVC guide.

all of the facts and experiences i have read/heard say that you can never negotiate with DVC guides. the prices are take-it-or-leave-it.

In my opinion - DVC is crazy if they think they can sell points at 'retail' when they are available for a significant amount less on the resale market.

yet, they do continue to sell at retail prices with no negotiation...

To touch on a question that you ask earlier about the expiration difference - the only resort that DVC has extended an offer to lengthen the 'life' of the contract was at Old Key West - and that option was either $9.00 or $10.00 a point to add 15 years to their contract - from 2042 - to 2057.

actually it was more like $15 to $25 per pt to add 15 years to the contract. not a good deal...

 

[csharpwv]

Chalee94 - The info I have found online says that it was offered at $25.00 per point - but from what I read they quickly offered a $10.00 reduction to bring it down to $15.00 a point. That info was posted by an OKW owner.

So back to the original - some OKW owners extended their contracts while others did not.

 

[RobDoc]

In 2007 DVC voted to extend all OKW contracts to 2057. They required all OKW owners to either accept and pay for that extension or decline by using a quick-claim deed back to DVD for the years beyond 1/31/2042. The voted upon cost of the extension was $25 per point - for points that could NOT be used until February 1, 2042. DVC offered a discounted rate of $15 per point (again for points that could NOT be used until February 1, 2042). The $15 amount was valid thru February, 2008 and has risen to the approved $25 since that time. All OKW contracts sold thru DVC do have the extended 2057 date. Resale purchases will depend on whether the seller purchased the extension or not. There has not typically been a $15 benefit for resales of 2057 contracts over 2042 contracts as of this point in time.

At this time, no other DVC resorts have been offered an extension but no other resorts opened within 3 years of OKW. OKW opened in 1991, VB opened in 1995 and HH and BWV opened in 1996 - so we may another year or two (or more) before getting any idea whether DVC will opt to extend any other resorts. So far, there has been no suggestion from DVC that extensions for other DVC resorts are imminent.

Stay tuned!

 

[csharpwv]

Doc, thanks a ton for the oh so succinct account of DVC history! I am a lover of knowing exactly how things 'went down' about any given topic, subject, or event.

I entertain my wife all the time by pointing out to her what I like to call 'building archeology' - I can usually tell exactly what a building was originally built for or built as. Say for instance when they build a new restaurant and then sell the old building - while they do a decent job of re-building a building to look different - I can still identify characteristics that distinguish a specific building or structure.

HAHA I know - I'm a major dork - but I love a good trip down memory lane!

 

[ssawka]

I have no experience buying resale, only buying direct. As for buying direct, there are benefits that Disney can offer that may be of interest to a buyer, such as:

1. The ability to buy exactly the number of points you want.
2. The ability to keep your same use year (if an add-on)
3. Easy financing
4. The ability to make reservations instantly.
5. The ability to take part in an ongoing promotion, if available
6. Quicker turn around time

As with everything else, a buyer needs to weigh the benefits with the cost. It is easy to look at the price and say "Disney is crazy" and not be able to see why anyone would pay retail, until you look at some of these "hidden" benefits.

Basically, the key difference between direct and resale is that with direct you get exactly what you want, where as with resale you buy what is available.

 

[TisBit]

I have no experience buying resale, only buying direct. As for buying direct, there are benefits that Disney can offer that may be of interest to a buyer, such as:

1. The ability to buy exactly the number of points you want.
2. The ability to keep your same use year (if an add-on)
3. Easy financing
4. The ability to make reservations instantly.
5. The ability to take part in an ongoing promotion, if available
6. Quicker turn around time

As with everything else, a buyer needs to way the benefits with the cost. It is easy to look at the price and say "Disney is crazy" and not be able to see why anyone would pay retail, until you look at some of these "hidden" benefits.

Basically, the key difference between direct and resale is that with direct you get exactly what you want, where as with resale you buy what is available.

In addition you can get better financing rates then going through a reseller's financing (if you plan on paying it off or taking a home equity loan or something it doesn't matter), getting the experience of a guide to ask questions and steer you to a good use year and number of points you might like. Guides are also good point of contacts to pester with questions, etc (granted you have to temper that with some guides aren't the best, but most are honest and will try to help you out. If you call saying you are buying resale, don't expect a lot of help). Closing costs are also cheaper through Disney as well.

As far as buying BCV, there is a belief to buy where you want to stay, but then again if you don't know that you want to stay at BCV most of the time, BLT might be a better option with extended contract and it has a good location as well.

 

[PoohNFriends]

I have no experience buying resale, only buying direct. As for buying direct, there are benefits that Disney can offer that may be of interest to a buyer, such as:

1. The ability to buy exactly the number of points you want.
2. The ability to keep your same use year (if an add-on)
3. Easy financing
4. The ability to make reservations instantly.
5. The ability to take part in an ongoing promotion, if available
6. Quicker turn around time

As with everything else, a buyer needs to weigh the benefits with the cost. It is easy to look at the price and say "Disney is crazy" and not be able to see why anyone would pay retail, until you look at some of these "hidden" benefits.

Basically, the key difference between direct and resale is that with direct you get exactly what you want, where as with resale you buy what is available.

If you have a Disney Visa you can also put $5000 on it with 6 months zero interest and earn some Disney reward $$. As an FYI - I've read (but not 100% sure) that you can only put up to $1000 on a credit card when going thru resale.

 

[jshuff1]

Seriously???

That's just wrong!

ihear ya onthat

 

[ChickieToo]

When I bought a BCV resale from Disney a few years back, I had my request in for a few weeks, and when the points came available my guide just put the whole thing on my credit card (I had left the number with him for the down payment) without even calling first. It ended up working out fine.

 

[LIDisneyFan]

Bought my original from Disney and my 2nd contract resale. The only difference was paying much less for the resale.

 

[disneynutz]

Ok. If I bought through Disney. What's the benefit, other than "no hassle" and potentially financing through them?

Say for example, that I wanted to buy 160 points in BCV.

If I went through a resale, the cost would be significantly cheaper than if I went through Disney. However, the "ownership until" date is 2042 (so, 32 years vs 50 years for a "new" dvc contract in BLT).

If I instead went through Disney, would the contract date change to 2060? Or would it stay 2042 (which would make it horrendously overpriced to go through Disney)?

Thanks!!

Disney is currently exercising their right of first refusal on BCV contracts. That means that you may try to buy BCV resale, but Disney will step in and buy the contract from under you.

Bill

 

[JimMIA]

Disney is currently exercising their right of first refusal on BCV contracts. That means that you may try to buy BCV resale, but Disney will step in and buy the contract from under you.

Bill

Most of the contracts ROFR'd recently have been BCV contracts, but that doesn't mean that a large percentage of BCV resales were ROFR'd. In fact, looking at the ROFR thread, it looks like a very small % of BCV contracts have been ROFR'd.

If you compare ROFR today with ROFR two years ago, it's a negligible problem today as long as you don't pay a silly price.

When you compare the limited likelihood of ROFR with the price differential ($115 per point direct - probably around $80 resale), it's pretty tough to justify buying BCV direct from DVC.

 

[Lisa]

If you have a Disney Visa you can also put $5000 on it with 6 months zero interest and earn some Disney reward $$. As an FYI - I've read (but not 100% sure) that you can only put up to $1000 on a credit card when going thru resale.

That is correct, only $1,000 dollar on the credit card when doing a resale. We experienced that this week.