Original Grand California sales price from Disney

[OhioDVC]

I'm thinking about selling my Grand California and I was wondering what was the original sales price from Disney. I have my deed but not the closing statement showing what I paid for it.

I am really just curious what I paid. Not that is has too much bearing on the price today.

Can anyone help?

I bought the first week it was offered

Thank you

 

[erionm]

Original base price was $112/point.

 

[DVC Doctor]

You may try calling member services and they might have that info for you. I am sure it was lower than the current rates now.

 

[KAT4DISNEY]

As Michael said it was $112/pt but there were incentives that varied depending on how many points you purchased.

edit - we bought in the initial sales and received a credit of $5/pt for a 140 point purchase. I think there may have been DP incentives or else it was an annual pass incentive in addition to the cash discount/pt. And at one time it dropped to a net price of $88 or $89/pt after cash discounts.

 

[Snurk71]

We bought our first contact, 100 pts, June 2009, at list price of $112 less $16 incentive, for a $96 net price.

Our incentive level was based on a 200 point initial buy, as we also bought 100 at BLT at the same time.

 

[DebbieB]

Do they give you some kind of form for taxes showing the original price? How would you calculate it for tax purposes? I bought 250 points at BWV in 1999 at $65 per point but then used a promotion where I sold back 150 of my 1999 points for a $1,500 credit. So $16,250 - $1,500 = $14,750 net I paid. Just wondering.

I almost bought 100 points at VGC when it opened. But it ticked me off that the first use year available was June and I had an April use year. So I would have had to wait almost a year for points. By then I said forget it. Turned out OK because I'm 4 for 4 at 7 months.

 

[OhioDVC]

Thank you ALL!!

I am not a tax attorney, but as I understand it you need to pay taxes on the net income you made from the property. Sales price minus purchase price minus capital improvements.

Timeshares are not normally treated the same as the profit/loss of a second home.

 

[wench]

Oh how jealous I am of your VGC points. I'm on the waiting list for VGC with DVC, but it's about a 3 year backlog right now. I guess they don't snap up many VGC contracts on the ROFR. But alas, I must wait....and hope....and pray!

 

[Minniesgal]

Oh how jealous I am of your VGC points. I'm on the waiting list for VGC with DVC, but it's about a 3 year backlog right now. I guess they don't snap up many VGC contracts on the ROFR. But alas, I must wait....and hope....and pray!

Why not buy resale there are loads on the resale market just now. We bought our VGC while I was on the wait list for direct. Resale was quicker.

 

[finchy3]

Oh how jealous I am of your VGC points. I'm on the waiting list for VGC with DVC, but it's about a 3 year backlog right now. I guess they don't snap up many VGC contracts on the ROFR. But alas, I must wait....and hope....and pray!

To echo what Minniesgal said, purchase on the resale market.
We purchased all our VGC points resale whilst waiting on the direct waitlist, also you will save a lot of your $

 

[wench]

Why not buy resale there are loads on the resale market just now. We bought our VGC while I was on the wait list for direct. Resale was quicker.

To echo what Minniesgal said, purchase on the resale market.
We purchased all our VGC points resale whilst waiting on the direct waitlist, also you will save a lot of your $

I would love to purchase resale, but it's not really an option for me at this time. That's a lot of cash cough up all at once & I'm not interested in opening anymore credit. I've got a couple giant limit credit cards with nothing on them that I will never close because the age of the accounts does wonderful things for my credit score. So, I would like to put the purchase on one of those cards. DVC has no problem taking my credit card if that is how I choose to pay, but not so for the resale market. In those situations you either have to pay up front or finance. I could save up all the cash up front, but then I would probably have to skip all my planned Disney trips for the next year or two & I'm not willing to make that sacrifice at this point.

 

[testingthewaters]

We paid $14k for 160 points, so $87ish.

 

[rstamm]

I paid $88, looks like a great deal now.

 

[bumbershoot]

I would love to purchase resale, but it's not really an option for me at this time. That's a lot of cash cough up all at once & I'm not interested in opening anymore credit. I've got a couple giant limit credit cards with nothing on them that I will never close because the age of the accounts does wonderful things for my credit score. So, I would like to put the purchase on one of those cards. DVC has no problem taking my credit card if that is how I choose to pay, but not so for the resale market. In those situations you either have to pay up front or finance. I could save up all the cash up front, but then I would probably have to skip all my planned Disney trips for the next year or two & I'm not willing to make that sacrifice at this point.

Interesting idea from allears; not sure how viable it is. Just an idea to check out. "Credit cards aren’t usually accepted, but a credit card “purchase check” may be an option."

Googling I also found a person mentioning that they wrote a credit card check for the amount, deposited into their own bank account, then got a bank check to give to the resale company.


Not saying I agree with this method of buying in (cc debt is debt, and is the same money-being-owed situation as taking out a loan for a resale), but it's what you want to do, and I found the above ideas. Maybe it'll help.


Buying resale vs direct just seems like such a big difference in money, that just doing a loan for resale might make more sense.

(says the person who didn't want to give up vacations (and if we did do so we still would have used the money...buying direct is what made us realize the razor's edge we were living on, wouldn't have realized it without that loan and then a layoff just beyond the rescission period) and so financed through DVC with Grand Plans to pay it off as early as possible, only to find out "as possible" has a broad definition LOL)

 

[ziravan]

I would love to purchase resale, but it's not really an option for me at this time. That's a lot of cash cough up all at once & I'm not interested in opening anymore credit. I've got a couple giant limit credit cards with nothing on them that I will never close because the age of the accounts does wonderful things for my credit score. So, I would like to put the purchase on one of those cards. DVC has no problem taking my credit card if that is how I choose to pay, but not so for the resale market. In those situations you either have to pay up front or finance. I could save up all the cash up front, but then I would probably have to skip all my planned Disney trips for the next year or two & I'm not willing to make that sacrifice at this point.

Use a place like the Timeshare Store and Monera financial through the Timeshare store and then turn around and use the card to pay off Monera. I'm pretty sure Monera takes CC, but a quick ask will answer that question. Monera doesn't use a credit check so you should be in and out with no affect on credit report.

 

[wench]

Use a place like the Timeshare Store and Monera financial through the Timeshare store and then turn around and use the card to pay off Monera. I'm pretty sure Monera takes CC, but a quick ask will answer that question. Monera doesn't use a credit check so you should be in and out with no affect on credit report.

Hmmm....I'll have to check on that. I know Timeshare Store specifically will only let put up to $1000.00 on a credit card as the holding fee. If the lender would let me pay by credit card with no penalty for paying off the loan early, then that might work. Thanks for the advice!