Late Summer/Early Fall Incentives

[VGCgroupie]

Definitely interested in LSL. The incentives for CFW pique my interest. Last month we met with our guide who said he was pretty certain LSL and CFW would be combined in the trust, thus lowering the dues rate in addition to 11 month advantage at both. With these new incentives wondering if it is prudent to get 150 points at CFW.

That the thing though.. if it's not combined you are stuck with insanely high dues just for the Cabins. Pretty sure the guide could very well get in trouble for making a comment like that

 

[Mouseforward]

That's like me saying nobody would get $8 value using points for a cruise when you can rent them out for $20+. But plenty of people still do it... That may be a personal preference for you, but I'm not sure how you can say that generally.

People use their points for cruises because they either have more than they can use and are not willing or knowledgeable about the rental market. Essentially they’re no longer thinking of their points with a dollar value.

If you had to convert your points to a dollar value and Disney gave you eight dollars for each point. And you let them know of the alternatives in the rental market would they make the same decision? No because it would be forcing them to think of their points as a dollar value.

Basically it comes down to I use rational choice theory when making guesses about finances.. always assuming the consumer makes a reasonable choice.

 

[Mouseforward]

That the thing though.. if it's not combined you are stuck with insanely high dues just for the Cabins. Pretty sure the guide could very well get in trouble for making a comment like that

Yeah, they should be sticking to the script. Despite my probing questions, Bill never left the script.

Not that I disagree, Lakeshore Lodge is just too physically close that it would be like BLT not being a part of contemporary.

 

[DonkeyHoTay]

CFW = 166.66 per points with MB...Not bad

That is getting competitive... wonder if that will be enough to move real points there.

Not bad, until you consider the resale value of those contracts...

big mystery is with the Cabins and LSL.

I guess three reasons why people will buy small contracts at CFW:

- resale restrictions
- high dues
- room booking cost is low

Maybe small contracts help maintain resale price per point at CFW in the future, especially since fewer points can go a long way at that particular resort?

I still am having trouble getting my mind around nearly $12 MFs.

For sure, I would think twice about buying a lot of points at CFW. But at 150 points, the difference between avg. MFs at other resorts vs CFW is around $300 a year - not enough to break most banks.

 

[Fullchaos]

You definitely have to count the cost with RIV/CFW/VDH and other new resorts with the resale restrictions. The product is changing and you simply are not going to be guaranteed that your contracts will hold the same residual value they once did. But, I also think there is a fair amount of unpredictability as to how the DVC resale market will evolve over time.

When RIV sells out and existing owners decide they want more RIV points, will they be willing to pay a premium for resale that they aren’t now?

As @Mouseforward just pointed out, people buy the 2042 resorts right now basically only intending to use them there and they often pay quite a premium for those points - will this happen to the restricted resorts at some point in the future?

People who have bought resale SAP contracts will have less and less options over time and their relative value over a restricted resale contract will decline - newer, restricted resorts will have longer contracts my comparison.

Right now, RIV is the red headed step child on the resale market. It won’t always be. And we don’t know how the resale restrictions will affect prices in the long run.

I think this and the first taken ROFR is critical for understand RIV. Yes, it has issues now, but in the long run it's unlikely Disney is going to leave RIV resale contracts on an island compared to other new DVC properties. I feel like there's an inflection point where they're going to target to set ROFR, and then systematically hold annual or semi-annual sales for direct points from the contracts that they snatch up to artificially keep the market from sinking too low.

After all, if RIV contracts started trending like Vero Beach, who would bother booking a rack rate in a room for anything deluxe or moderate? Just buy a contract and stay year after year (or rent your points)!

 

[Mouseforward]

For sure, I would think twice about buying a lot of points at CFW. But at 150 points, the difference between avg. MFs at other resorts vs CFW is around $300 a year - not enough to break most banks.

I’m less concerned about the actual dollar amount. The question is:

is it going to act like Bay Lake Tower, and go up a reasonable percentage each year, or is it gonna go up like Vero Beach and be $17 a point? So far so good since it went down last year.

 

[DonkeyHoTay]

I’m less concerned about the actual dollar amount. The question is:

is it going to act like Bay Lake Tower, and go up a reasonable percentage each year, or is it gonna go up like Vero Beach and be $17 a point? So far so good since it went down last year.

I write checks in dollars, not percentages. If the dues went up 50% next year at CFW and were $17.82 a point, I would find the $891 in my annual budget next year. But if I owned 1000 points there.... 50% increase in dollars is a different story.

 

[Mouseforward]

I write checks in dollars, not percentages. If the dues went up 50% next year at CFW and were $17.82 a point, I would find the $891 in my annual budget next year. But if I owned 1000 points there.... 50% increase in dollars is a different story.

This is why if I buy into the cabins it would be for 75 points. However, I would want the protection you bought yourself with a fixed week. Therefore, I haven’t purchased the cabins.

 

[disneylandtour]

So based on the updates for 150 points
Riv = 182.66 per point with MB
CFW = 166.66 per points with MB

Not bad

Clearly my numbers are off somewhere. Is it--you can have both the developer credit and the D23 Gold credit? Do I have the wrong value for MB?

Also, are there any other possible discounts (referral, taking a tour, etc.)??

Initial cost Cabins: $35,250

NEW INCENTIVES

Incentive ($14 x 150): $5,250

Dev Cr: $500

D23 Gold: $500

Visa: $1,500

MB: $3,000



With the numbers above, this brings it to 24,500 or 163.33 per point. But I'm guessing I've overestimated something in my list. Except for the sucky MFs, this isn't bad for 150 points, especially if Cabins are folded into LSL. But man, upkeep on 350 cabins is going to be a chunk, if they actually build them all for DVC.

 

[muppets3d]

Just emailed my guide to have my recent add-on at RIV re-priced, thanks to this thread. I think at 150 points I'll save an additional $750? Can't beat it. Thanks!

 

[DonkeyHoTay]

Clearly my numbers are off somewhere...

Post #462 has the link - ETA, something happened to the link? Oh well.... here is a picture.




At 150 points: $28K, less $3K MB = $25K, which $166.66 per point

 

[airjay75]

Just emailed my guide to have my recent add-on at RIV re-priced, thanks to this thread. I think at 150 points I'll save an additional $750? Can't beat it. Thanks!

Were you after the 10 day rescission period? Did your guide say yes? Just trying to get some intel - my guide is out of the office until Tuesday .

 

[DonkeyHoTay]

Were you after the 10 day rescission period? Did your guide say yes? Just trying to get some intel - my guide is out of the office until Tuesday .

I don't think you have to wait for your guide. You can call the main number during business hours and you will get somebody that can look up your contract, help make changes etc.

 

[airjay75]

I don't think you have to wait for your guide. You can call the main number during business hours and you will get somebody that can look up your contract, help make changes etc.

Thanks, maybe I I’ll try that. I mean, I also don’t mind being patient, but don’t want to get my hopes up either.

 

[disneylandtour]

Post #462 has the link - ETA, something happened to the link? Oh well.... here is a picture.

View attachment 993405


At 150 points: $28K, less $3K MB = $25K, which $166.66 per point

So I guess my question is: you cannot also use the D23 Gold credit on this as well? That's the only place where my numbers differ.

 

[DonkeyHoTay]

So I guess my question is: you cannot also use the DVC Gold credit on this as well? That's the only place where my numbers differ.

The D23 Gold incentive is shown in the picture... it's the $500 in the Special Offer column.

What's DVC Gold?

 

[Replevin]

Thanks, maybe I I’ll try that. I mean, I also don’t mind being patient, but don’t want to get my hopes up either.

My guide is off today and tomorrow so I used the chat function to ask about the new discounts as well as a question about the Disney Visa. They were very helpful on the chat.

 

[muppets3d]

Were you after the 10 day rescission period? Did your guide say yes? Just trying to get some intel - my guide is out of the office until Tuesday .

I believe we were still within our 10 day period since our DocuSign was just completed on the 7th, we haven't even done our notary appointment yet, and we don't close until October as we stretched out the payments to avoid financing.

 

[Adopted By Disney]

Another thought. This new welcome home weeks bonus is only for existing members doing add-ons. Maybe I’m wrong, but I have to think the vast majority of direct DVC sales are driven by new members buying in. And, if you are an existing member who has been on the sidelines, is an extra $5/point off going to be what gets you off the sidelines? It could, but enough to provide a significant uptick in sales? I’m just skeptical of this being a last minute push to really boost sales. It’s not significant enough or available to enough people that I think it will have a meaningful impact. Maybe I’m wrong.

I know for us we were going to purchase direct this incentive period anyway so this is just icing on the cake at this point

 

[airjay75]

I believe we were still within our 10 day period since our DocuSign was just completed on the 7th, we haven't even done our notary appointment yet, and we don't close until October as we stretched out the payments to avoid financing.

Thanks. Definitely sounds like you were in your 10-day period. I don’t close until late September, but definitely out of my 10-day period and we’ve already done our online notary. I guess I’ll see what my guide says. Won’t get my hopes too high for the time being.