Resale for OKW Tell me all about it!

[GivemetheDreamFinder]

The only thing to remember is that prices will only go up and up. Point charts go up, MFs on new resorts are higher, and buy price will be higher.

BRV was $67/point in 2000, BLT was $112 in 2008, Poly was $160 in 2015, CCV was $176 in 2018, RIV was $188 in 2019. DLV is likely to be $200+ per point when it gets released.

Just pointing it out.

I just got off the phone with Disney. All "older resports" have a 5 dollar off a point deal going on... so 160 dollars a point for old key west. We did the math for the length of contract

150 direct points vs 160 resale.

150 direct is 36 years as im not counting this year
160 resale is 21 years

Disney was 150 dollars a year more expensive for 10 less points than it would be to get a resale contract at OKW. Im not sure if all of the "perks" are worth direct when i can pay resale off in 3 years, vs 5 with direct.

 

[sethschroeder]

I just got off the phone with Disney. All "older resports" have a 5 dollar off a point deal going on... so 160 dollars a point for old key west. We did the math for the length of contract

150 direct points vs 160 resale.

150 direct is 36 years as im not counting this year
160 resale is 21 years

Disney was 150 dollars a year more expensive for 10 less points than it would be to get a resale contract at OKW. Im not sure if all of the "perks" are worth direct when i can pay resale off in 3 years, vs 5 with direct.

The savings will come down to AP discounts. For my rough math $625 for our 8/9 day park hoppers vs the $765 gold pass will add up if you plan trips to go 2x during a 12 month period and then let the AP expire until the following year when you go 2x again during a 12 month period.

Resale can be found with 2057 expirations as well for right around $100/point so $15k vs $24k which gives you a $9k difference. We could expect that to breakeven in about 9-10 years for our family of 4 people going on that alternating purchase of APs. If we happen to go more often and purchase APs yearly that discount will add up more quickly.

The rest are "fluff" and if you really value it or not. One example is in 2042 no longer being able to stay at a EPCOT resort moving forward.

Final note you could just purchase 100 direct points (no incentive) but lock in the direct AP discount while its still only 100 points. It supposedly will go up to 125 points starting late September/early October. You would be more around the $16k-$17k total cost direct, pay it off in 3 years and then buy more points resale or direct at that point. If you were to get a Oct UY as an example you would get '19 UY points that you could bank (just have to ask) and would actually start with 200 points in your account. This essentially would give you 150 points in '21 + bank 50 forward, 150 in '22, 150 in '23 (borrow 50 points), 150 in '24 (borrow 100 points).

 

[GivemetheDreamFinder]

The savings will come down to AP discounts. For my rough math $625 for our 8/9 day park hoppers vs the $765 gold pass will add up if you plan trips to go 2x during a 12 month period and then let the AP expire until the following year when you go 2x again during a 12 month period.

Resale can be found with 2057 expirations as well for right around $100/point so $15k vs $24k which gives you a $9k difference. We could expect that to breakeven in about 9-10 years for our family of 4 people going on that alternating purchase of APs. If we happen to go more often and purchase APs yearly that discount will add up more quickly.

The rest are "fluff" and if you really value it or not. One example is in 2042 no longer being able to stay at a EPCOT resort moving forward.

Final note you could just purchase 100 direct points (no incentive) but lock in the direct AP discount while its still only 100 points. It supposedly will go up to 125 points starting late September/early October.

Most of the time we go just the 2 of us. It would be 1 week. if we go a second time, it wouldnt be the parks. It would be to go in the first 2 weeks of december to get some christmas shopping done, and do resort only, or do a christmas party while were there, so im not sure we could break even on an AP. We pass everything we can through our Disney visa to get the points. Then we can turn around and use those points to get our tickets for the next trip etc.

Out of curiosity which way would you lean? Im looking at all angles to make sure we make an informed choice, and do the right thing so to speak.

 

[sethschroeder]

Then we can turn around and use those points to get our tickets for the next trip etc.

Can still use that on tickets/MFs actually since you can pay MFs with Disney Gift Cards.

Out of curiosity which way would you lean?

If I was buying at OKW it would 100% be for the AP discounts direct. If I were buying resale I would target AKV and submit an offer on every contract until I got one for my target price that I could afford (I think you were saying $100/point right?).

I would go after AKV vs OKW/SSR because all 3 likely will be available at 7 months but the big difference is that I could possibly get a Value room at AKV which would drastically reduce my point consumption (including cheap 1BRs if I wanted a 1BR).

i can pay resale off in 3 years, vs 5 with direct.

If this was me I would target the 100 point direct contract for $16k-17k to get direct benefits. I would ask Disney for a 90 day payment term, charge it to a Disney Visa for 6 months interest free, then balance transfer to another card for 12-24 months interest free (with 3% or so finance charge). In the end I could always balance transfer again to another 0% interest card all the while never really getting hit with the high finance charges.

You can not charge a resale purchase all to CC that is a direct only option.

I am not sure I would take on a loan though for a DVC purchase but each of us are different and it might make sense for your resale purchase.

 

[GivemetheDreamFinder]

Can still use that on tickets/MFs actually since you can pay MFs with Disney Gift Cards.



If I was buying at OKW it would 100% be for the AP discounts direct. If I were buying resale I would target AKV and submit an offer on every contract until I got one for my target price that I could afford (I think you were saying $100/point right?).

I would go after AKV vs OKW/SSR because all 3 likely will be available at 7 months but the big difference is that I could possibly get a Value room at AKV which would drastically reduce my point consumption (including cheap 1BRs if I wanted a 1BR).



If this was me I would target the 100 point direct contract for $16k-17k to get direct benefits. I would ask Disney for a 90 day payment term, charge it to a Disney Visa for 6 months interest free, then balance transfer to another card for 12-24 months interest free (with 3% or so finance charge). In the end I could always balance transfer again to another 0% interest card all the while never really getting hit with the high finance charges.

You can not charge a resale purchase all to CC that is a direct only option.

I am not sure I would take on a loan though for a DVC purchase but each of us are different and it might make sense for your resale purchase.

I didnt know you could do that with MF.. i had planned to put it on the Disney card yearly to get the points. Is it the years that makes the big difference? the 2042 vs the 2057?
I cant charge the whole amount as my limit isnt that high. Its decent, but not that high .The Financing would be short term. We get a yearly bonus from work, in which we would make large lump sum purchases. 3 years and that 2042 is paid for. Im just not sure what 100 points gets me, if thats cutting it too close i guess. I know at OKW its a studio for a week some times of the year.

100 a point is kind of where we want to stay under if going resale. obviously its 160 per point if going direct. we usually do 5 park days a year, could do more, but that seems to work well for us, thats why i always questioned the AP.

 

[sethschroeder]

Is it the years that makes the big difference? the 2042 vs the 2057?

Think of it this way:
Pay $85 for a 2042 expiration = $4.05/point that you use in base cost
Pay $100 for a 2057 expiration = $2.77/point that you use in base cost
Pay $160 for a 2057 expiration = $4.44/point that you use in base cost
Pay $195 for a 2070 expiration (RIV 100 points) = $3.97/point that you use in base cost
Pay $180 for a 2070 expiration (RIV 150 points) = $3.67/point that you use in base cost

Also a 2057/2060/2070 contract will still have value that you can sell in 2042 where as in 2032 that 2042 contract will start the progression towards $0 value in 2042.

 

[GivemetheDreamFinder]

Think of it this way:
Pay $85 for a 2042 expiration = $4.05/point that you use in base cost
Pay $100 for a 2057 expiration = $2.77/point that you use in base cost
Pay $160 for a 2057 expiration = $4.44/point that you use in base cost
Pay $195 for a 2070 expiration (RIV 100 points) = $3.97/point that you use in base cost
Pay $180 for a 2070 expiration (RIV 150 points) = $3.67/point that you use in base cost

Also a 2057/2060/2070 contract will still have value that you can sell in 2042 where as in 2032 that 2042 contract will start the progression towards $0 value in 2042.

This is the math i was trying to come up with, but this is without any financing included, as that alters the overall price a bit. we can pay that resale off in 3, vs 5 years on the Direct... Im just trying to gather to be able to discuss later with my wife as we keep researching.

 

[GivemetheDreamFinder]

Think of it this way:
Pay $85 for a 2042 expiration = $4.05/point that you use in base cost
Pay $100 for a 2057 expiration = $2.77/point that you use in base cost
Pay $160 for a 2057 expiration = $4.44/point that you use in base cost
Pay $195 for a 2070 expiration (RIV 100 points) = $3.97/point that you use in base cost
Pay $180 for a 2070 expiration (RIV 150 points) = $3.67/point that you use in base cost

Also a 2057/2060/2070 contract will still have value that you can sell in 2042 where as in 2032 that 2042 contract will start the progression towards $0 value in 2042.

with this, that is literally 39 cents per point difference between direct and resale at this point? if im doing my late in the day math right.

 

[sethschroeder]

with this, that is literally 39 cents per point difference between direct and resale at this point? if im doing my late in the day math right.

Remember what you PAY is more but long term every time you make a reservation its a 15 points reservation you would take the cost that I show above and multiply by 15 to get how much of your base cost went to that reservation.

Now you can go deeper down the hole with time of money or inflation and such. Depends how crazy you want to go.

 

[sethschroeder]

This is the math i was trying to come up with, but this is without any financing included, as that alters the overall price a bit. we can pay that resale off in 3, vs 5 years on the Direct... Im just trying to gather to be able to discuss later with my wife as we keep researching.

How much are you trying to spend? Another option is just skip getting all the direct points and get the minimum of 100 points wait on getting the rest until later or if you find a crazy deal on a resale contract.

Do you know what Use Year you want as well?

 

[GivemetheDreamFinder]

We wan

How much are you trying to spend? Another option is just skip getting all the direct points and get the minimum of 100 points wait on getting the rest until later or if you find a crazy deal on a resale contract.

Do you know what Use Year you want as well?

We would like to stay in the 100 a point or so for resale. Staying around 15 to 20 k at max only if it's more points. Use years we would be after March, April or June. Disney offered June today.

 

[sethschroeder]

Disney offered June today.

If you are buying direct you tell them the month and they can make it work. You just have to make it clear only the month you say. If they won't do it then call again and talk to someone else.

With resale just keep searching and you will find contracts that pop up. OKW Extended is typically a little above $100/point but I think you could get it below if you wait it out.

 

[GivemetheDreamFinder]

They told me they only had what was bought back available for older resorts. OKW was June or September I believe. June would of worked. If it's the right amount of points and a little over for a resale 2057 I'm totally open. It's the unicorn I'm chasing. 2042 does the job, but 2057 would be preferred.

 

[sethschroeder]

They told me they only had what was bought back available for older resorts. OKW was June or September I believe. June would of worked. If it's the right amount of points and a little over for a resale 2057 I'm totally open. It's the unicorn I'm chasing. 2042 does the job, but 2057 would be preferred.

They can change the UY on contracts they buy back and they constantly get new contracts in if they know you want something specific.

With the resale prices I would guess they will come down towards the end of the year so don't get discouraged if nothing pops up in the next 1-2 months. There is a thread on resale prices and you can follow the ROFR thread to see what others are getting.

Best bet is also just to follow the top 6 or so DVC sites and offer on any contract your price that has the right points and UY that you want. Worst they do is say no.

 

[Deeleebaker]

It only helps really for when you purchase Direct not resale. Typically resale only lets you put down $2k or so on a CC depending on title company and it wouldn't get the 6 months interest free or anything.

Not to mention, our title company charged a fee for the credit card Payment.

 

[GivemetheDreamFinder]

We

They can change the UY on contracts they buy back and they constantly get new contracts in if they know you want something specific.

With the resale prices I would guess they will come down towards the end of the year so don't get discouraged if nothing pops up in the next 1-2 months. There is a thread on resale prices and you can follow the ROFR thread to see what others are getting.

Best bet is also just to follow the top 6 or so DVC sites and offer on any contract your price that has the right points and UY that you want. Worst they do is say no.

Just watched an Informational video that pretty much laid out what you said direct vs resale and what you can save from events and APs and now it's got my wife hard leaning twords letting disney take the wheel and doing direct....

 

[GivemetheDreamFinder]

Not to mention, our title company charged a fee for the credit card Payment.

I'm sure that's not cheap either.

 

[The Jackal]

We

Just watched an Informational video that pretty much laid out what you said direct vs resale and what you can save from events and APs and now it's got my wife hard leaning twords letting disney take the wheel and doing direct....

The biggest advantage for buying direct is for AP’s. If you are not able to take advantage of that, by going for 2 weeks a year, then resale is the way to go. Just give it some time to find the right contract, resale 2057’s are out there. About 26-30% of the OKW contracts are 2057. Good luck on the search. We bought a OKW contract direct in 2019, resale for small contracts <100 points bring a premium. At the time I think OKW direct was in the $140’s -$150 range and resale contracts were in the $120’s-$130’s and most without 2019 points. It cost a little bit more, but it was worth it. We were already blue card members so that didn’t make a difference.

 

[GivemetheDreamFinder]

We decided to go direct. With the way we plan to use it, and to go, APs will be the best option. Just waiting on disney to start selling again. Just got off the phone with Disney and all the paperwork is on its way. We are now DVC Members. Couldn't be happier!

 

[Lorana]

The biggest advantage for buying direct is for AP’s

There really is two big benefits: APs and the ability to book Riviera and all future resorts, including DL Tower.

While there’s only RIV now, there are likely to be several before we get to the first wave of DVC expirations (2042). That may not matter to some - just as APs don’t - but it is a huge benefit of direct going forward.