Rent VS Trade

[speechlady]

New to the boards and presently working a transfer...I am a non DVC....wondering which is better to do? A transfer or rental of points....anyone's two cents appreciated...thanks!

 

[JimMIA]

Welcome to the DIS!

Your vocabulary needs a little work, so to prevent misunderstandings, I'll give you a few key terms.

Transfer is from one DVC account to another. You're not a DVC owner, so you're not doing a transfer.

Renting means renting a DVC reservation from a DVC owner. They make the reservation on their account, but in your name. Contrary to popular misconception, you are not renting actual points but a ressie made with those points. You can rent a ressie.

Trading, which you also mentioned in your title, is trading DVC points for accommodations outside of DVC, or trading a timeshare week you already own for DVC reservations through your timeshare association.

If you don't own DVC, and you don't own a timeshare permitted to trade into DVC, then your only options are to either rent a ressie from a DVC owner or make a regular ressie (which could also be at a DVC resort) through Disney reservations. There are major differences between those two options, so be sure to research carefully.

 

[speechlady]

Thanks for your reply...my vocabulary was correct and I do understand the issues....but I did neglect to mention that my sister is a DVC member and the points transfer would be to her and then she would be making our reservation with hers.....we were going to rent points from someone but had concerns with the issue that they would still be in control of the reservation/cancel and honestly, I am not completely comfortable with that...so my sister was just suggesting we negotiate a trade to her account to alleviate my anxiety...what I was trying to get accross was what would be the better option...eg. am I anxious for nothing?

Thanks again for your reply...would love to know your opinion now that you have all of the info.

 

[Chuck S]

In truth, there is little safety advantage to one over the other, as you still could actually send money to someone and then they would not follow through.

There are a couple advantages to going the transfer route for you.

1) Once the transfer is complete, it can not be "undone" by the original owner, and your dealings with them are over. However, there is less protection for the owner, if the person renting the transfer bounces a check or whatever, they are out the points.

2) Your sister would then be in control of the reservation, which will make it easier for you to add the dining plan, make changes or add Magical Express.

3) Your sister can make changes for you to the dates, based on availability, if the need arises, so you aren't just "out the $$" as could be the case in a reservation rental.

 

[JimMIA]

...so my sister was just suggesting we negotiate a trade to her account to alleviate my anxiety...what I was trying to get accross was what would be the better option...eg. am I anxious for nothing?

Oh, okay. That's different.

First of all, NO, you're not anxious for nothing. There is an element of risk (on both sides) in renting a DVC reservation. And you are vastly better off having points transferred to your sister's account.

Your sister, however, needs to understand that she can only have one transfer (in or out, but not both) per use year so that she doesn't mess other plans she may have.

If you have the points transferred to your sister's account, you are dealing with someone you know and trust. You also know where she lives.

In your case, no question a transfer to your sister's account is WAY better than renting.

 

[speechlady]

Thanks to everyone who responded....this is exactly what I needed to know....

 

[kdzgon]

.....
In your case, no question a transfer to your sister's account is WAY better than renting.

EXCEPT that unlike renting, Disney specifically prohibits payment for transfers. Is it done all the time? apparently, but that still does not change Disney's policy. As to control, I agree - a transfer is much more preferable if you can do it.