Resale vs. DVC cost breakdown

[tacomaranch]

First, I am sorry that this has been covered extensively already but I need it in Barney terms.

The timeshare store is selling SSR at $84-$86 per point and $500-$700 in closing

DVC is offering SSR at $86 per point and about $200 for closing.

What is the advantage of buying resale? I want to save every last penny as I am spending my entire life savings on this and paying cash. Each dollar does matter.

Which is better to buy from? I don't care about wait time as we won't return until maybe March.

Thanks for any and all help! April

 

[tjkraz]

About the only advantage to buying resale is to save money. The amount of savings will vary depending upon the offers DVC has available. As you point out, with this particular promotion there really isn't any savings to be had by going resale.

Call DVC and you can specify exactly how many points you want, and likely make your March reservation that same day.

(BTW, even if your next scheduled trip is 6 months away, it doesn't help to wait in making those reservations. Don't assume that you'll be able to call just 2 or 3 months out and get what you want.)

Good luck!

 

[tacomaranch]

I just spoke with the timeshare store and he said that it is even with SSR now as I have several referrals. Now if someone will split the money they get with me that would be the real deal.

Timeshare store did point out that we could buy HH for almost $10 less than SSR and still get to stay anywhere at WDW timeshares. That seems appealling also.

I don't know why this has to be so hard. We decieded not to buy another horse in about 3 hours. This is taking forever to figure out what is right to do.

I guess it is the amount of money that makes this so hard.

Thanks, April

 

[tjkraz]

If you consider any destination other than SSR, do be aware that the contracts end 12 years sooner in the year 2042. SSR contracts are the only ones that run through 2054.

Buying at HHI also doesn't get you the 11 month advantage at any WDW property. You shouldn't have any trouble booking a the likes of OKW or SSR inside of 7 months most of the year, but it's still something to take into consideration. While I don't think it's of paramount importance to buy into the resort that is your absolute favorite...I think it would be a mistake to buy into a resort at which you have no desire to stay.

If you see yourself visiting HHI every 3-4 years, then it may still be a good option.

 

[tacomaranch]

We would never stay at HH as we go to the WDW about 4x's a year. Hence we need a lot of points. I love OKW which we stayed in last April.

I just need to figure out how to save each penny and still get what we want. As for the ending 12 years early. I plan to die by hitting a tree snowboarding so fast that my hair is on fire. If not, I am getting up there, nearly 50 but we have a 3 yr old and I want to leave this for him and hopefully his family.

So back to it, is HH a good deal on a resale rather than SSR? Thanks so much, everyone here is sooo helpful.

 

[Caskbill]

I would highly recommend AGAINST buying HH. You live in Wyoming and I presume your interest are staying at WDW, not South Carolina.

Remember, you could only use those HH points at WDW at 7-months. Depending on when you want to go, that would put a huge damper on your plans.

The most popular resorts/rooms/dates will fill before the 7-month window. For example a Standard View Studio at BWV for new year's eve will be completely booked exactly to the day at 11-months. (Worst case example)

Buy at WDW. Then when you know when you're going, book at your home resort so you definitely have a place to stay. If you want to stay at one of the other resorts, then at 7-months try to switch over. If there's availability then you can. But if everything is full, at least you still have your original reservation at your home resort.

If you make HH your home resort, you don't have that option and are strictly depending on reservations being available at 7-months.

 

[tacomaranch]

Caskbill,

Do you think it would be a problem even with us wanting OKW? I would never go to HH as I use to live in Boca Raton, Fl and return there when I want beach time.

Thanks for all the help so far. AGain, this is one of the hardest things I have done lately!

 

[casper]

We would never stay at HH as we go to the WDW about 4x's a year. Hence we need a lot of points. I love OKW which we stayed in last April.

I personally would not buy at a place where I did not plan on staying. The 11 month window could be very important. And since you are going to WDW 4x's a year, it would be a better investment of your money to buy at a Disney World Resort, regardless of how much you might "save" at an off resort.

OKW being one you enjoy, do you invision your family "growing" up at this resort? It is a lot of money to spend. But if you are going to spend a lot, might as well spend it on a place you want to be. I would hate to invest in a cheaper place and later regret not having what you want.

Also, keep in mind the MF. In the long run, those will cost more than the initial buy in price. Memories are more important to me than money.

I wish you the best in figuring this all out. Remember, you don't have to rush your decision. Take time to think it through. Then you will know what is the "right" thing for you to do for your family.

 

[tjkraz]

So back to it, is HH a good deal on a resale rather than SSR? Thanks so much, everyone here is sooo helpful.

That's a decision you need to make. purely from a financial perspective, if those extra 12 years are worth $8-9 per point to you (even though you will probably not use them personally), then it would seem to tip the scales toward SSR.

I won't repeat what Bill said about booking limitations. That's all good advice to consider, too.

Another factor to consider is that if you buy direct from DVC, you can ask that they split your ownership into 150-point blocks. Once a contract is created, it can never be sub-divided by anyone other than DVC. If you are planning to buy upward of 600 points, DVC could separate that into 150-pt blocks for you. The advantage that brings is that if your vacation frequency drops off in future years, you could sell one 150-pt contract and still keep the other 450 (or sell 300 and keep 300). However, if you buy one 600-pt contract via resale, your only option for holding fewer points will be to sell that one large contract and buy smaller ones.

 

[mydogdrew]

First, I am sorry that this has been covered extensively already but I need it in Barney terms.

The timeshare store is selling SSR at $84-$86 per point and $500-$700 in closing

DVC is offering SSR at $86 per point and about $200 for closing.

What is the advantage of buying resale? I want to save every last penny as I am spending my entire life savings on this and paying cash. Each dollar does matter.

Which is better to buy from? I don't care about wait time as we won't return until maybe March.

Thanks for any and all help! April

I enjoy DVC but would never spend my last dollar on it. I do agree with paying cash but be sure it's right for you. I would guess you can get HHI for $72 and OKW for $76 (I could be wrong). The SSR promotion is attractive but I would probably still go with OKW and save $10 (particularly if you want a 3 BR). If you plan on going to Orlando you need to own an Orlando resort. Also, you might have some luck resale on SSR at $80. SSR owners are not going to have any luck selling during this promo unless they price at a discount to DVC.

 

[carolina traveler]

If you do not want to spend all your life savings, one option is to pay half or more in cash and finance the rest. You could always pay it off early.
At this point I would buy SSR directly with Disney since resale is not offering any real savings and you would not have to deal with Right of first refusal.

 

[tacomaranch]

Dear Friends,

thanks so much, I will stay away from the HH idea and keep looking at the SSR. I am just worried because we need so many points to make this work.

I see that the weekends are what eat up the points. We could come in a Friday and stay at a mod, then move over to our new "home" to save points for the entire year.

Once again, this is hard. Now the horse I don't want to buy I will end up buying because my niece just called to see if she could stay with me this summer! Urg!

Does the person we put down get disney dollars for the referral?

Thanks, April

 

[AnnaS]

Certain states do not qualify for the referral bonus.

 

[NJOYURLIFE]

I think that another possible advantage of buying resale would be if you could get a loaded contract. I have seen people buy contracts resale that have 2-3 years of points coming with them. If you can find a resale contract like that, that would tip the scales. Also, a resale OKW contact could tip the financial scales towards resale. However, since you want this also for your 3 year old son, the extra years at SSR would possibly be beneficial to him.

 

[tacomaranch]

We have finally gotten it down to two choices.

Either buy now at SSR and get 150 points or try to find a load contract at OKW for around $75 per point. Wish us luck and thank you for all the support!

April

 

[LisaS]

We have finally gotten it down to two choices.

Either buy now at SSR and get 150 points or try to find a load contract at OKW for around $75 per point. Wish us luck and thank you for all the support!

April

I mentioned this already in your other thread, but be aware that the $86/pt price at SSR is a special incentive price that will go away at some point. The list price at SSR is $101/pt, though there is usually an $8/pt incentive available (bringing the price down to $93/pt).

Good luck!