Rent out points and pay cash for Moderate resort stay?

[Stinkomann20x6]

I booked once OKW, just because of the two queen beds in the studios, but I wasn't a fan looking at the pictures. I like it much more than I expected. It has a very relaxing atmosphear that you cannot get looking at videos or pictures. After a frantic day in the parks, going back to OKW is a pleasure. As a converted, I'd say: give it a go.

Thanks. This is helpful cause you were skeptical before hand like her lol.

 

[Stinkomann20x6]

Unless you keep your contract to the end when you contract is worth 0 then your calculations is off. If you sold in say 5 years, you would most likely get more than the $142 you paid per point. If you sold and could pocket $142 after all expenses are paid then you would only have paid the annual dues for using the points.

Many will say they will keep the contract to the end, but truth be told they wont. From what I read the average ownership is 5-10 years.

So the same math with only dues would be $6.76 x 150 points = $1,014 or $253,5

Imagine how the math would look if you ended up making money selling your contract.

Interesting. I’m assuming you’re a math person since you could tell how much per point I paid lol. So just to make sure I have it right, wouldnt there be percentages that go to seller that help with all that, that I calculate in as well? Sorry not being sarcastic at all I just want to make sure I calculate it right in my head with your info.

I wonder if the number of how long you keep it will go up though so as to keep the ability to book at future resorts as well with new restrictions. For us for example that might be a big deal for how long we keep it since resale will probably be the way we always go. Thanks!

 

[Stinkomann20x6]

OKW is like Jimmy Buffet's Margaritaville. My wife (and her friend) constantly said how cheap it looks, ect. (without ever being there) so I booked to settle it once and for all.... my wife dont say that anymore and would stay there again in a heartbeat. If your bringing parents, they will love it x100

I lol’d at this post. Thanks so much for the info and vouch for the experience

 

[Stinkomann20x6]

Are you sharing a room with parents? Isn't there an extra charge for more than two adults at "normal" resorts?

Heya, yeah there are different fees with more than 2 adults I believe. But I put in the dummy reservation With 4 adults to get correct amount. Good looking out thanks!

 

[Stinkomann20x6]

The other trade off would be renting out all 200 of your points to get $2600 versus using 150 and having 50 left for another trip

I also don't think any of the first part of the calculation is necessary in terms of how much your points are worth based on purchase price, etc.
For this vacation, I would calculate that my points are "worth" whatever I would get renting them out instead of using them. I would calculate 150X13=$1950 because you stated it would only take 150 points to rent at OKW for 9 nights.

OKW studio would be 2 queen beds, 390 sq ft plus a balcony/patio
POR room wold be 2 queen beds, 314 sq feet no balcony/patio

And am I understanding correctly that your parents are in the same room with you but if you stay at OKW they don't pay for lodging at all and if you stay at POR the bill gets split evenly? That seems to be where a lot of the "savings" staying at POR comes for you (along with renting out 200 points versus only using 150 points)
Also, if you stay at POR you will pay extra occupancy fee, parking, and as you already know full price for tickets to get free dining

I hear your wife doesn't care for OKW. If I were staying with my in-laws in one hotel room (yes, I've done it before), I would prefer the extra 76 sq. feet as well as a place to sit outside.

Thanks for response. Either way we will be paying for at least the lodging, flight, and their ticket. But they are doing their own food. So I guess I was trying to think of a way to calculate it for them to see if it was comparable money wise and save them money lol. It’s hard with no exact calculation lol.

 

[Stinkomann20x6]

Have you figured the taxes?

And how much does the money mean to you. There are some years where staying in a moderate and having the extra money in your pocket is really nice - and some years where "who the heck cares about a few hundred or a thousand dollars"

But I'd do the math differently. I'd add up projected costs for your DVC trip - including food, but don't bother putting in the cost of your ownership.

I'd project the cost of a moderate trip minus the money you'd make by renting the points.

Your amortized long term costs are meaningless here - you are looking at one trip vs. the other. You pay for dues either way.

Gotcha thanks for the info on that. Gives me a different perspective and calculation which is huge for me to look at multiple angles.

 

[Stinkomann20x6]

It sounds like your thought process makes sense. Having 2 beds for 2 couples is much better than one couple having to sleep on the sleeper sofa.

The newly refurbished OKW rooms look very nice, so i think you would be comfortable there and they would be much larger than the PO studios. 9 nights is a long time to be in a small space, no matter how well you get along. Plus you have the boat to DS.

Have you calculated getting TiW? We did this for our trip in April - 7 of us with at least 1 TS meal per day. It definitely saved us money and we were able to use it for another trip. I'd imagine you would get some savings even with 4 adults dining. So if you think you would be back again and could use TiW then that might work out better than the "free dining".

I think the space you get at the deluxe OKW studios would be a huge bonus when traveling that long with in-laws (just saying for your wife's sake).

To save this much i don't know if it would be worth it to be stuck in a small room. In POR there aren't even doors to the sink area of the bathroom. The only privacy is in the tiny toilet/shower area. Plus in a DVC room you will get the fridge/coffee maker/micro - which might be nice if you just want to store a few items for a quick breakfast. We stayed POR for one night with just my DH and DD and it was nice but DVC rooms are definitely a big step up.

I just looked - to get a 2BR at OKW for 9 nights in September it would be 275 points -- you could borrow some points to really splurge and have space with your parents. Or just shorten your trip to 7 nights for 217 points.

Thanks for info on the room size. That is a bigger difference! Also sorry for noob question but I’m not sure what TiW is? I’ll do some research trying to find out so don’t feel you need to give me more info than you already have. Just about to head into work so might be a bit lol.

 

[Stinkomann20x6]

Don't forget parking (if you're driving) costs when you stay on cash.

Thanks. We are flying in from Oregon and doing magical express. We don’t do much off site if anything when we go. Appreciate the reminder just in case though

 

[KAT4DISNEY]

One other thing since I didn't really spell it out when I mentioned POR was my favorite moderate but given the choice between the two even beyond the ease of not renting, I'd go OKW. It has a terrific laid back vibe, the rooms are larger and has the balcony. POR is nicer than the normal motel but it's still motelish with it's outside entry, no balcony and the sink essentially in the living area and the small toilet/shower room. The overall grounds are similar enough to be a non-issue although POR does have a nice food court if you plan to eat meals around the resort. Olivia's at OKW is a nice option and it's a shorter boat ride to get to DS vs POR. I haven't stayed at Coronado to comment on it other than I don't believe the rooms are all that different than POR.

 

[Stinkomann20x6]

One other thing since I didn't really spell it out when I mentioned POR was my favorite moderate but given the choice between the two even beyond the ease of not renting, I'd go OKW. It has a terrific laid back vibe, the rooms are larger and has the balcony. POR is nicer than the normal motel but it's still motelish with it's outside entry, no balcony and the sink essentially in the living area and the small toilet/shower room. The overall grounds are similar enough to be a non-issue although POR does have a nice food court if you plan to eat meals around the resort. Olivia's at OKW is a nice option and it's a shorter boat ride to get to DS vs POR. I haven't stayed at Coronado to comment on it other than I don't believe the rooms are all that different than POR.

Yeah. That sink in the living area is something I didn’t think about which could be an issue. In my mind I was thinking it would at least be like CBR which had those sliding doors to separate the two. Thanks!

 

[KAT4DISNEY]

Yeah. That sink in the living area is something I didn’t think about which could be an issue. In my mind I was thinking it would at least be like CBR which had those sliding doors to separate the two. Thanks!

It has been a bit of time since we bought DVC and I haven't had the heart to go back to a moderate since then but it did have a curtain to divide. Maybe it got the sliding door to replace that.

edit - I looked at some photos and see it's still a curtain albeit is a much nicer curtain than they used to have. lol

 

[smiths02]

Thanks for response. Either way we will be paying for at least the lodging, flight, and their ticket. But they are doing their own food. So I guess I was trying to think of a way to calculate it for them to see if it was comparable money wise and save them money lol. It’s hard with no exact calculation lol.

You can always add the dining plan to the stay at OKW

 

[smiths02]

Thanks for response. Either way we will be paying for at least the lodging, flight, and their ticket. But they are doing their own food. So I guess I was trying to think of a way to calculate it for them to see if it was comparable money wise and save them money lol. It’s hard with no exact calculation lol.

I would compare one trip with the same amenities to another trip so the only variables are downgrading the room and having to hassle renting out points

So OKW would cost 150 points plus $1928 (4 tickets at $482 each) plus $1890 to add Quick Service Dining Plan (as that is what you would get for free at POR)=$3818 Total for all 4 lodging, tickets, and dining plan
POR would cost $4900-(renting points) $1950=$2950 Total for all 4 lodging, tickets and dining plan

 

[Stinkomann20x6]

You can always add the dining plan to the stay at OKW

Thanks that is true as well. That might actually be cheaper in the long run than booking the moderate

 

[Stinkomann20x6]

I would compare one trip with the same amenities to another trip so the only variables are downgrading the room and having to hassle renting out points

So OKW would cost 150 points plus $1928 (4 tickets at $482 each) plus $1890 to add Quick Service Dining Plan (as that is what you would get for free at POR)=$3818 Total for all 4 lodging, tickets, and dining plan
POR would cost $4900-(renting points) $1950=$2950 Total for all 4 lodging, tickets and dining plan

My brain hurts. But I think I follow this. Thanks for the math lol!

 

[kniquy]

I’m not sure what TiW is?

TiW is tables in wonderland. As a DVC owner you can buy TiW and it gives you 20% off food and alcohol at many restaurants. You do have to spend a bit to break even for what the card costs but figuring that 4 adults who might order one drink could easily spend $60pp that is $240 for that TS meal. So with TiW it gives you a discount of $48 for that one meal. So after 3 meals you break even with what you purchased the card for. If you have TS meals planned for every day then it can make sense. If you can plan another trip within your TiW usage then it can make sense.

The only thing that can be factored in to confuse you more is that DVC (with the blue card) gets 10% at pretty much the same restaurants as TiW. So that might me something to consider to see if it makes financial sense. When i traveled with 7 people 6 "disney adults" and one child it made sense even though we were not drinkers. When most of our meals were in the $300-$400 range - seeing discounts of $60-80 per meal was nice.

 

[Stinkomann20x6]

TiW is tables in wonderland. As a DVC owner you can buy TiW and it gives you 20% off food and alcohol at many restaurants. You do have to spend a bit to break even for what the card costs but figuring that 4 adults who might order one drink could easily spend $60pp that is $240 for that TS meal. So with TiW it gives you a discount of $48 for that one meal. So after 3 meals you break even with what you purchased the card for. If you have TS meals planned for every day then it can make sense. If you can plan another trip within your TiW usage then it can make sense.

The only thing that can be factored in to confuse you more is that DVC (with the blue card) gets 10% at pretty much the same restaurants as TiW. So that might me something to consider to see if it makes financial sense. When i traveled with 7 people 6 "disney adults" and one child it made sense even though we were not drinkers. When most of our meals were in the $300-$400 range - seeing discounts of $60-80 per meal was nice.

Thanks for info! Unfortunately I won’t have a blue card cause my resale is after that perk went away. So might just check up on how the TiW works. Thanks!

 

[crisi]

I would compare one trip with the same amenities to another trip so the only variables are downgrading the room and having to hassle renting out points

So OKW would cost 150 points plus $1928 (4 tickets at $482 each) plus $1890 to add Quick Service Dining Plan (as that is what you would get for free at POR)=$3818 Total for all 4 lodging, tickets, and dining plan
POR would cost $4900-(renting points) $1950=$2950 Total for all 4 lodging, tickets and dining plan

This is how I'd do the math - so its $900 more to stay at OKW minus the hassle of having to rent your points. $300 OKW is a no brainer, $900 starts getting into real money for most people.

 

[Matty B13]

Thanks for info! Unfortunately I won’t have a blue card cause my resale is after that perk went away. So might just check up on how the TiW works. Thanks!

If you have the White DVC member card (Resale after 6/2016), you might not qualify for the card. But, call TiW directly and see if you qualify with your current contracts.

 

[Stinkomann20x6]

If you have the White DVC member card (Resale after 6/2016), you might not qualify for the card. But, call TiW directly and see if you qualify with your current contracts.

Thanks for heads up!