Points

wdwnut76

Mouseketeer
Joined
Sep 23, 2001
Messages
159
Does anyone remember how much points are up to these days? I want to add on, but I'm not sure how much they cost now.
 
I didn't know that the June 1st $80 per point was announced by DVC yet, has it been?...spruce
 
why is the resale cost of points so low ? compared to new threw disney ?
 
Some people bought their points for as little as $51. We got ours around $62.50 from Disney and have been using them since 1998. If I sold today for $60, I'd still have made out with 2 cruises and the other trips we've taken. Some sell due to family issues(death, divorce, just want out) These people may not care about top dollar, and if they bought early they are making a profit. Remember too that on an average contract the closing costs are $500. This is often paid by the buyer so you must add this to your per point cost. Disney pays closing if bought through them. Another thing to think about is what status your points are in. Between both my contracts in Dec 2002 I'll get 29 points, I won't get a full years point allotment again until Dec 2003 since I've borrowed. Of course, if I did sell today, my reservations would be cancelled and the buyer would get my Dec 2002 points now to be used before Dec 2002. Then no points till 2003 unless they borrow. To get top dollar, I'd need my points to be current with some banked....spruce
 
PinMan, it's all about SUPPLY AND DEMAND. People are only able to sell via resale for what the market will bear. We've bought both of our contracts through resale at a substantial savings from Disney. Nevertheless, some people are simply uncomfortable with the whole resale market and prefer dealing directly with DVC. I come from a background where "a penny saved was a penny earned";) ;) ;) ;) .............
 
Originally posted by PinMan
why is the resale cost of points so low ? compared to new threw disney ?
In the real timeshare world, the DVC resales are about the highest resale value of any. I'm surprised they are quite as high as they are.
 
My opinion as to why they are so high is that Disney has the right to approve resales, and (according to what I read on board) has not let points go too low.
 
Originally posted by PinMan
and why is that ? your opinion ?
It is my opinion but supported by a lot of timeshare experience. Lets look at some examples. 150 points for WLV will sell for $11250 from DVC and maybe $10000 to $10500 resale including closing, not that much difference. OKW, the oldest DVC resort will sell for around $9000 (maybe $1500-2000 more than it cost) currently and would be more if the economy was better.

I've bought other timeshare for 7¢ on the dollar. I've bought top Marriott's in prime time for 50-60% of what Marriott currently sells them for themselves. I've bought top MX resorts for 25% of the current selling price for the same contract. About 40-50% of the initial cost of a timeshare from the developer is advertising, commisions, etc. That makes timeshares like cars only worse. DVC is the classic car some are Yugos.

The reasons DVC holds it's value better than most include the fact it's Disney, the quality and location of the resorts, the Right of First Refusal and the fact that Disney is still selling. Once these issues die down, Disney is no longer selling and the RTU is much under 30 years; you will see the price start to dip. It's still Disney so you will not see much for fire sales but someone will come across a seller who doesn't know the value or how to sell and will get a true bargain.
 
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