Is there a waitlist to become a new member at a certain resort?

[vaiopeanut]

Hi,

My wife and I did a DVC tour last oct. They only thing available at the time that would sleep a family of 6 was the Aulani. But I don't want my Home resort to not be at DW. So we pasted.

But I have been reading about wait lists. Is that just for current members?
We really really like the Grand Floridian Villas and wondering if there is a option to get on a "wait list" for that.

I know there is the resale market. But we really like the perks provided when buy from Disney. But still considering a resale purchase

 

[supersnoop]

Yes, there are waitlists for people to buy older resorts. But the waitlist for VGF, VGC, and BCV are closed.

Be sure you understand the perks provided by Disney. I always use my airline miles example. I can redeem my points for a first class ticket from Los Angles to Paris with a stop-over in New York City. Or, for the same points, I can trade out and stay two nights at a Hampton Inn in Cleveland.

In other words, the "benefits" are less than worthless.

 

[disneynutz]

Hi,

My wife and I did a DVC tour last oct. They only thing available at the time that would sleep a family of 6 was the Aulani. But I don't want my Home resort to not be at DW. So we pasted.

But I have been reading about wait lists. Is that just for current members?
We really really like the Grand Floridian Villas and wondering if there is a option to get on a "wait list" for that.

I know there is the resale market. But we really like the perks provided when buy from Disney. But still considering a resale purchase

With all respect, if you really like the direct buy perks, you might not fully understand want they are.

Bill

 

[vaiopeanut]

With all respect, if you really like the direct buy perks, you might not fully understand want they are.

Bill

That very well could be the case. And I hope that is the case because I rather use the resale option

Here are the "perks" that the DVC Rep said if buying directly from Disney:

1) You can't use points for anything but Disney Resorts if you go resale route
2) You can't use points for a Cruise if you go resale route
3) You have to involve a 3rd Party finance company if you go resale route. This means it will show up on credit reports. Which is not too ideal as we are also looking to move soon.
4) I could be wrong about this one, but I do remember them saying they would roll the down payment into the loan if we went through Disney. So I assume that isn't the case with resales
5) We are looking to get between 700-1000 points at the VGF. It could be hard to get that many via resale. And it would probably involve many contracts which could have many different Use Years

 

[jillgunter]

Disneys perks which can change at any moment are not worth paying what Disney charges. Price out resales, do your research. We bought to stay at the villas at Disney. Other options are a bad value for your points. It's better to rent out your points one year if you want to do a cruise. Good luck!

Also I would buy a smaller point contract to make sure you like it before you invest that much money. I think Disney is lieing to you if getting financed for that much is not gonna show up on your credit report.

 

[supersnoop]

That very well could be the case. And I hope that is the case because I rather use the resale option

Here are the "perks" that the DVC Rep said if buying directly from Disney:

1) You can't use points for anything but Disney Resorts if you go resale route
2) You can't use points for a Cruise if you go resale route
3) You have to involve a 3rd Party finance company if you go resale route. This means it will show up on credit reports. Which is not too ideal as we are also looking to move soon.
4) I could be wrong about this one, but I do remember them saying they would roll the down payment into the loan if we went through Disney. So I assume that isn't the case with resales
5) We are looking to get between 700-1000 points at the VGF. It could be hard to get that many via resale. And it would probably involve many contracts which could have many different Use Years

1. Not entirely true. You can trade out using RCI and a few other option, but trading for Disney hotels is restricted. But do you really want to pay 30+ points per night for a value room?
2. Correct, you cannot use points for a cruise. But google the cruise charts. You can spend 150 points on a week at a DVC resort, or you can spend 200 points for 3 nights PER PERSON in an inside state room
3. There are financing companies that don't report to credit bureaus, but you'll have to disclose your debt on a mortgage application, so that doesn't really matter much. Although financing a luxury purchase is generally a terrible idea.
4. Third party financing companies usually want a 25-40% down payment.
5. Disney won't sell you VGF, so your only choice is resale.

 

[CarolMN]

That very well could be the case. And I hope that is the case because I rather use the resale option

Here are the "perks" that the DVC Rep said if buying directly from Disney:

1) You can't use points for anything but Disney Resorts if you go resale route

That's not quite true. You can also use points to trade into RCI (World Passport Collection).

2) You can't use points for a Cruise if you go resale route

That's true. However, many believe using points for anything other than a stay at a DVC resort is a poor economic choice. Read this thread for more info:
Using Points for the DVC "Collections"

3) You have to involve a 3rd Party finance company if you go resale route. This means it will show up on credit reports. Which is not too ideal as we are also looking to move soon.

Might be true, but IIRC, not all 3rd party financing show up on a credit report. However, even if the loan is not on your credit report, you are still obligated to report it on your mortgage application. To do otherwise would be fraud.

4) I could be wrong about this one, but I do remember them saying they would roll the down payment into the loan if we went through Disney. So I assume that isn't the case with resales.

I do not think it's true for Disney, either. As I recall, the lower the down payment, the higher the interest rate charged. (Plus, I think Disney's interest rates are not very attractive).

5) We are looking to get between 700-1000 points at the VGF. It could be hard to get that many via resale. And it would probably involve many contracts which could have many different Use Years

VGF is officially sold out and the waitlist for new VGF contracts from Disney is closed. If you want VGF, you only option is the resale market.

 

[disneynutz]

That very well could be the case. And I hope that is the case because I rather use the resale option

Here are the "perks" that the DVC Rep said if buying directly from Disney:

1) You can't use points for anything but Disney Resorts if you go resale route
2) You can't use points for a Cruise if you go resale route
3) You have to involve a 3rd Party finance company if you go resale route. This means it will show up on credit reports. Which is not too ideal as we are also looking to move soon.
4) I could be wrong about this one, but I do remember them saying they would roll the down payment into the loan if we went through Disney. So I assume that isn't the case with resales
5) We are looking to get between 700-1000 points at the VGF. It could be hard to get that many via resale. And it would probably involve many contracts which could have many different Use Years

IMO the direct perks seem good when they brag about them but in reality, most won't use them. It's like selling you a car and telling you that it can go fast, 140 MPH. Seems exciting but how often are you going to drive above 75? Many of the member magic perks are the same way, special dates for special events only good if you happen to be at WDW during the same dates.

Bill

 

[vaiopeanut]

Thanks everyone!


It does look like the buying direct "perks' are a lot of fluff!

I feel much better buying resale. And the remark about buying a little at first to see if you even like it, is great advice!

 

[lovin'fl]

I heard somewhere that all waitlists are now closed..can only buy Poly direct and also Aulani, I think. Heard this today, from someone who called their guide.

 

[KAT4DISNEY]

700-1000 points at VGF is a huge purchase in general and an especially huge timeshare purchase to finance. Have you done the due diligence about DVC to determine if it is appropriate for your family and that VGF is definitely the resort you need to always stay at?

 

[SleighBelle]

I am in the start of a resale purchase at BCV (it's not yet been submitted to ROFR, but contracts are signed). Since I wanted to book a trip this summer, I thought about buying direct from DVC since I could book right away. I spoke with an agent there during the last two weeks of December and they were willing to sell me direct (even though I don't currently own DVC.) I was looking at BLT or VGF from them.

I am on the waitlist for BLT--even though I have never been and my kids love Beach Club. But since MK tends to be the park that opens late, I thought BLT would be a good option.

Also, the waitlist for VGF is filled. However, I'm on the list to be on the waitlist. (Figured that it couldn't hurt.)

DVC only has points/contracts as they purchase them during the ROFR process. So DVC having 700-1000 to sell to you (once you first get on the wait to get on the waitlist, then on the waitlist, then to the top of the waitlist), will take a while.

To give you an idea of time, in the ROFR thread, there is an awesome spreadsheet about how many contracts DVC purchased back over the past several months.

(I love the people on this forum. They love data!)

 

[lovin'fl]

Funny, cause another DVC member called yesterday and was told all waitlists were closed and they could only buy Poly or Aulani (they are current member). I bought BWV direct a year or 2 ago and had to get on waitlist (for about 2 weeks or so). I may e-mail my guide to see what she tells me. I know it was said, a while back, that BCV and VGF and VGC waitlists were closed but just heard, yesterday, that they all were (except the 2 still selling new).

 

[_auroraborealis_]

If having a purchase of 700 points at $160/point plus closing, financed at 16%, reported to the credit bureau would create issues for you, I suggest you rethink the purchase and approach. That's a very large purchase, with a horrible interest rate. (External financing is rarely a lot better, either.)

If a luxury purchase will create issues with procuring needs, it is best to rethink the luxury purchase. There are many ways to get to Disney. DVC is not a requirement, and for some, the up-front outlay can be prohibitive versus things like point rental at the time of travel.

 

[supersnoop]

Funny, cause another DVC member called yesterday and was told all waitlists were closed and they could only buy Poly or Aulani (they are current member). I bought BWV direct a year or 2 ago and had to get on waitlist (for about 2 weeks or so). I may e-mail my guide to see what she tells me. I know it was said, a while back, that BCV and VGF and VGC waitlists were closed but just heard, yesterday, that they all were (except the 2 still selling new).

Sounds like someone just encountered a sales tactic. There's no good reason for them to close all the waitlists.

 

[disneynutz]

DVD changes their sales policy like the wind. They want to sell only the newest resorts with virgin points which makes them the most money. When new sales slow, they will change the policy and sell the older resorts using points from foreclosures and ROFR. DVD recently changed the way that they process foreclosures which IMO hints that they will open more sales for the older resorts.

Bill

 

[Minniesgal]

DVD changes their sales policy like the wind. They want to sell only the newest resorts with virgin points which makes them the most money. When new sales slow, they will change the policy and sell the older resorts using points from foreclosures and ROFR. DVD recently changed the way that they process foreclosures which IMO hints that they will open more sales for the older resorts.

Bill

I'm actually sitting here thinking exactly the opposite. I'm thinking Poly sales must have really slowed and thats why they are pushing new direct buyers to buy there.

 

[disneynutz]

I'm actually sitting here thinking exactly the opposite. I'm thinking Poly sales must have really slowed and thats why they are pushing new direct buyers to buy there.

DVD always makes their just built resort their primary sales product. My guess is that they need to recover construction and sales marketing costs ASAP.

Bill

 

[SuperRob]

Sounds like someone just encountered a sales tactic. There's no good reason for them to close all the waitlists.

I was told the same thing by my guide recently. He said that with the high demand and so few rooms, they closed the waitlist for those resorts (VGC, VGF, BCV) to avoid disappointing anyone.