If you buy resale at Vero,

[minandmick]

Can you use your points at WDW DVC resorts?

Just trying to work out details in my head before we start considering contracts.

Thanks!

 

[erionm]

Yes, but you would not be able to call to reserve until 7 months prior to your check-in date. Keep in mind that annual dues at Vero are higher than those resorts located at WDW. Any savings up front on price may be eaten away by the higher dues.

 

[DVCconvert]

You should buy where you want to stay

 

[chalee94]

i wouldn't recommend buying at VB to stay at wdw. too risky.

 

[CMOORE185]

If you are buying at Vero because you want to stay at Vero alot that is fine, but if you are buying because resale is so cheap and you want to stay at WDW most of the time, I would not buy their. Ideally if you like to stay at Vero and WDW you could purchase some at both.

 

[jesschris]

You can use Vero points to stay at WDW. As other have said you are just limited by how early you can book. I have used mine quite often to stay at WDW.

 

[JimMIA]

There is another reason not to buy at VB or HHI unless you plan to use the points at those resorts.

Although DVC has allowed the use of points at non-home resorts since they built the second DVC resort, there is no guarantee that they will always do so. They could take one or more of the current resorts OUT of DVC and no longer allow owners of those resorts to book anywhere except their home resort. For example, they could take a resort out of DVC and sell it to another timesnare company.

I think that is unlikely, but it is possible, and IF that were going to happen, my personal opinion is that VB and HHI would be the two most likely candidates.

 

[minandmick]

Thanks so much everyone! My intentions were to buy Vero to use at WDW. I don't want to take any risks though, so I think we will go with our original plans to buy at the DVC resort we would like to stay.

Thanks again! You all are great!!!!

 

[csharpwv]

You have to consider this when thinking about buying at Vero Beach - and as PP's have said - Maint. Fees - BUT - you have to think about it this way.

Original contract at both Old Key West and Vero Beach both expire in 31 years.
So, you will be paying Maintenance Fees for 31 years.
Current maint. fees per year per point are $4.98 at Old Key West and $6.78 at Vero Beach.

Just to use a nice round number - let's say you buy 200 points -
Your yearly costs are:
Old Key West $996.00 per year
Vero Beach $1,356 per year

Just assuming that maint. fee will NEVER go up - which is completely false, but just for comparison - over the 31 years left on the contract you are going to pay (AT LEAST)

Old Key West $30,876 in Maint. Fees
Vero Beach $42,036 in Maint. Fees

Keeping in mind that fees will go up - so in no way shape or form is this an exact way to compare contracts - it illustrates the fact that while you may pay less on the front end for Vero Beach - you are going to end up paying the same or more over the long run.

SO - as others have said - buy where you want to stay - don't buy where the points are the lowest cost per point.

For comparison over the same number of years, you will pay $24,118 at Bay Lake Tower (just keep in mind that Bay Lake Tower has more years left on the contract!) Once again, keep in mind that fees do and will go up!

So once again - buy where you want to have the 11 month booking advantage - that's the only way you will be what you want out of DVC!

We couldn't get in at Hilton Head Island for the last three times we wanted to stay there, so we just bought there to gain the 11 month booking advantage - NOW if we can't get what get what we want - when we want it, we will really be mad!

 

[Dean]

As others have noted, this is not a good choice for use at WDW. I agree with the 2 reasons, no 11 month reservation option for WDW and higher dues. The higher dues will eat up most or all the savings. While technically there is a risk of VB (and HH) leaving DVC for a number of reasons, I don't think it's enough to cause one not to do it. IMO, SSR is the best resort to use as a points cow due to the combo of cost, expiration and dues. However, there will be a break point where the difference between HH & VB points will be enough to take the minor risks involved. Then there are the subsidized contracts and if one could get one of those contracts at the otherwise going rate, it becomes a far more reasonable choice to buy just for the points.

 

[nu2dvc]

I was completely following this thread until Dean's last post, which confuses me... (sometimes it doesn't take much!) Can somebody clarify what he means by "subsidized contracts" making it worth it to invest in a VB contract with the intention of using it at WDW DVC resorts?

 

[DVCconvert]

clarify what he means by "subsidized contracts" making it worth it to invest in a VB contract with the intention of using it at WDW DVC resorts?

This is unique to VB...when vb was built it was expected there would be another phase of contruction which would make the resort larger. Sales were made upon that expectation - it never occured...but for those early contracts DVC agreed to 'compensate' the buyer by subsidizing their mf's....over the years dvc has bot alot of those contracts back. In today's world that means that the mf's on a sub contract is about a buck and ahalf less per point than on a non sub'd vb contract.
I was lucky enough to get one of these just this year, but they're very very hard to find.

HTH

 

[nu2dvc]

Ah- ha! got it

Thanks for the explanation!

 

[nunzia]

This is unique to VB...when vb was built it was expected there would be another phase of contruction which would make the resort larger. Sales were made upon that expectation - it never occured...but for those early contracts DVC agreed to 'compensate' the buyer by subsidizing their mf's....over the years dvc has bot alot of those contracts back. In today's world that means that the mf's on a sub contract is about a buck and ahalf less per point than on a non sub'd vb contract.
I was lucky enough to get one of these just this year, but they're very very hard to find.

HTH

Never knew this..interesting.