Resales through Disney or Somewhere else?

[AmyB2006]

Can anyone cite the main differences between buying a resale through Disney and buying a resale from somewhere else?

I've "heard" that you can't us resale points on DCL. I've also heard you can't use resale points at othe RCI locations. Is this really the case, and what are the other differences?

 

[erionm]

Current Resale Restrictions:

Effective March 21, 2011, Members who do not purchase their Ownership Interests directly from Disney will not be able to use those vacation points to make reservations for the Concierge or Disney Collections. Those vacation points can be used only for Disney Vacation Club Resorts and the World Passport Collection.

World Passport Collection = RCI, Club Intrawest & Club Cordial.

 

[AmyB2006]

Oh, so they are good for other RCI places just not the Disney Adventures then.

What about the DCL? Is there any information on that?

Thank you by the way.

 

[erionm]

Oh, so they are good for other RCI places just not the Disney Adventures then.

What about the DCL? Is there any information on that?

Thank you by the way.

DCL is part of the Disney Collection.

 

[LisaS]

What about the DCL? Is there any information on that?

You cannot use points purchased on the resale market for DCL. You also cannot book the DVC Members cruise (even for cash) if your only points are resale points purchased after the date when the rules were changed.

 

[chalee94]

Can anyone cite the main differences between buying a resale through Disney and buying a resale from somewhere else?

just a clarification: you can buy a DVC contract "directly" from disney, even at a so-called "sold-out" resort, but it's not a "resale." it's still a direct purchase.

a "resale" contract is a DVC contract that you buy from someone besides disney.

and if you look at the point charts for the disney cruise and hotel trades, the point costs are very high. it's not a valuable option. (but if you've got the money and want it bad enough, knock yourself out.)

 

[AmyB2006]

just a clarification: you can buy a DVC contract "directly" from disney, even at a so-called "sold-out" resort, but it's not a "resale." it's still a direct purchase.

a "resale" contract is a DVC contract that you buy from someone besides disney.

and if you look at the point charts for the disney cruise and hotel trades, the point costs are very high. it's not a valuable option. (but if you've got the money and want it bad enough, knock yourself out.)

Thanks. I used the term resale I guess so people would know I was not referring to buying new with Disney at top dollar. Yes you're buying direct from Disney but technically you're buying someone else's contract. I liken it to buying a house through a realtor vs without one. I agree it's not a valuable option to use for a cruise, but again, I'm just trying to find out the differences.

 

[Minniesgal]

Whether at a new resort or an older sold out resort if you buy direct from Disney you are paying top dollar.

 

[Best Aunt]

Thanks. I used the term resale I guess so people would know I was not referring to buying new with Disney at top dollar. Yes you're buying direct from Disney but technically you're buying someone else's contract. I liken it to buying a house through a realtor vs without one. I agree it's not a valuable option to use for a cruise, but again, I'm just trying to find out the differences.

I don't think of it that way.

If my friend had a contract and I want to buy it, and we do it ourselves ( with the help of a lawyer to prepare the paperwork), we submit it to Disney for ROFR, Disney passes, etc., that would be like buying a house without a realtor.

If someone calls the Timeshare Store, says they want to sell their contract, the TimeShare Store lists it, I called the TimeShare Store and say I want to buy it, and the TimeShare Store does the work (with the help of a Title Company), that would be like buying a house with a realtor.

If seller has a large contract, uses the TimeShare Store, and Disney ROFRs the contract, or if Disney gets a contract through foreclosure because the owner doesn't make his payments, Disney can then break the contract up into smaller contracts with the same use year. I call Disney and say I want to add on 25 points at that resort. Disney sells me the contract. Somebody else calls Disney and says they want to add on 30 points at that resort. Disney sells them the contract. Somebody else calls Disney and says they are new to DVC and they want to buy 200 points at that resort. Disney sells them the contract. This guy is buying "new from Disney at top dollar" even if it's a resort which is technically sold out (BCV, BWV, etc.). None of us are getting a contract which is equal to what seller had. So I don't think this fits into the "buying a house through a realtor vs without one" analogy.

 

[AmyB2006]

Holy crap. Ok, however you guys want to look at it or whatever you want to call it. Semantics, IMO. Sorry you don't like my analogy. Again, by "top dollar", I mean we didn't pay $145 per point or whatever they are selling Aulani and AKV for "new". We didn't "add on" points. We walked into Disney, sat down with a guide, and she sold us points at BCV. Did we pay more than someone who bought a resale through a friend or The Timeshare Store? Yes, I'm sure we did. But we didn't pay $145 per point either. Hindsight is 20/20. I didn't ask to be schooled in timeshare lingo or get a vocabulary lesson. All I asked for were the differences in how you're allowed to use the points, and at this point, I'm really sorry I did.

 

[Lynne M]

Thanks. I used the term resale I guess so people would know I was not referring to buying new with Disney at top dollar. Yes you're buying direct from Disney but technically you're buying someone else's contract. I liken it to buying a house through a realtor vs without one. I agree it's not a valuable option to use for a cruise, but again, I'm just trying to find out the differences.

That's not the case; when you buy from DVC, you're not getting someone else's contract. When DVC gets a contract back, through foreclosure or ROFR, the contract is dissolved and the points go back into the pool. Timeshare sales really aren't comparable to home purchases in that way.

When you buy from DVC, it's always considered a direct purchase, and there are no restrictions on the use of the points. And it's always top dollar, no matter which resort you buy.

When you buy from any party other than DVC, whether it's a broker like The Timeshare Store or directly from an owner, it's always considered a resale purchase, you are getting someone else's contract, and the restrictions on the use of the points apply.

 

[Minniesgal]

Holy crap. Ok, however you guys want to look at it or whatever you want to call it. Semantics, IMO. Sorry you don't like my analogy. Again, by "top dollar", I mean we didn't pay $145 per point or whatever they are selling Aulani and AKV for "new". We didn't "add on" points. We walked into Disney, sat down with a guide, and she sold us points at BCV. Did we pay more than someone who bought a resale through a friend or The Timeshare Store? Yes, I'm sure we did. But we didn't pay $145 per point either. Hindsight is 20/20. I didn't ask to be schooled in timeshare lingo or get a vocabulary lesson. All I asked for were the differences in how you're allowed to use the points, and at this point, I'm really sorry I did.

You didn't get a lesson in semantics, the original question didn't make sense because of the terminology you used so people asked for clarification of what you meant. No real need to be rude. In fact it is now clear you didn't buy resale you bought direct from Disney so there is no real difference between the points you bought and those Disney are selling at AKV and Aulani other than they expire earlier. There is no real need to be defensive about having bought direct from Disney. If all direct buyers disappeared there would be no new DVC development. People were no attacking you for buying from Disney but simply trying to get an understanding of what you were comparing to what in your question. For the record my first points were also bought direct from Disney.

 

[staceymay00]

Holy crap. Ok, however you guys want to look at it or whatever you want to call it. Semantics, IMO. Sorry you don't like my analogy. Again, by "top dollar", I mean we didn't pay $145 per point or whatever they are selling Aulani and AKV for "new". We didn't "add on" points. We walked into Disney, sat down with a guide, and she sold us points at BCV. Did we pay more than someone who bought a resale through a friend or The Timeshare Store? Yes, I'm sure we did. But we didn't pay $145 per point either. Hindsight is 20/20. I didn't ask to be schooled in timeshare lingo or get a vocabulary lesson. All I asked for were the differences in how you're allowed to use the points, and at this point, I'm really sorry I did.

I don't think anyone was trying to "school" you on timeshare lingo, but simply let you know that all purchases from a Disney guide are considered to be direct purchases. Your question was confusing because you referred to your purchase as resale, which is going to be interpreted as buying from someone other than Disney, and that completely changes the answer to your simple question. Direct pricing varies from resort to resort, however you will get the same benefits buying BCV directly from Disney as you would buying a brand new resort from Disney at a higher price.

Sent from my iPad using DISBoards

 

[CarolMN]

Can anyone cite the main differences between buying a resale through Disney and buying a resale from somewhere else?

I've "heard" that you can't us resale points on DCL. I've also heard you can't use resale points at othe RCI locations. Is this really the case, and what are the other differences?

Since you bought your points directly from Disney (resort doesn't matter), there are no restrictions on their use. You may use them for any option in the Disney Collection, the Adventurer's Collection, the Concierge Collection or the World Passport Collection. Those collections of options include cruising on the Disney Cruise Line. All options are subject to availability and booking windows.

Points purchased after March 20, 2011 from any seller other than Disney are subject to the restrictions on use.

 

[Dean]

Oh, so they are good for other RCI places just not the Disney Adventures then.

What about the DCL? Is there any information on that?

Thank you by the way.

You've confused me a little so rather than try to fit in with the other posts, I'll just start over because I get the impression you were thinking differently and some of the posts seemed confusing to me. Basically all members have access to the DVC-RCI subset and the Buena Vista Trading company (BVTC) as well as DVC resorts. Unqualified resale points don't have access to the Disney Collection (other Disney hotels or DCL), ABD, or the Concierge Collection. There may (likely will) be other resale restrictions later and resale buyers now will likely not be protected (grandfathered) from any negative changes going forward.

 

[AmyB2006]

I'm Sorry. Yes, you're right.

It's very hard to read "tone" when you're typing and not talking face to face, obviously, but to me, a few of the pp seemed like they were trying to "talk down" to me like I'm an idiot for not understanding the terminology. I don't take well to that.

Thank you for explaining it where it makes sense. Is there a "panties 'un'twisted" emoticon?

I'm not concerned with the points I currently have. The Disney guide explained that they were good no matter where we wanted to use them. I am asking because I know we will want more points in the future. It seems like buying a resale is the way to go. I just wanted to know what the limitations were. I'm trying to figure out if I should purchase a resale or buy direct from Disney like we did before.

There may (likely will) be other resale restrictions later and resale buyers now will likely not be protected (grandfathered) from any negative changes going forward.

That's kind of upsetting. You're saying that if you bought a resale today and they made changes a year from now restricting the usage that you wouldn't be grandfathered in? You'd be subject to the new rules?

 

[CarolMN]

.....(snip)...........You're saying that if you bought a resale today and they made changes a year from now restricting the usage that you wouldn't be grandfathered in? You'd be subject to the new rules?

That's Dean's opinion. While his opinion may be shared by many, that does not make it a given.

No one who posts here knows for sure what Disney may decide to do in the future. You can only make decisions based on what you know to be true right now.

 

[Minniesgal]

In fairness no one really knows what future restrictions may come to resale buyers or whether or not those restrictions should apply to previous owners it is all just speculation. You can only make your decision based on today's information which is you can't use the Disney Collection, Adventure collection or Concierge collection. For me personally the only be of those that bothered me slightly was the Disney collection and only as a back up if I couldn't,t get in to VGC but we decided to buy VGC resale points to remove that problem. I wouldn't use the adventure or concierge collection anyway so resale suits me

 

[Deb & Bill]

For all we know, when the villas at the GF open for sales, they might constitute a new DVC, like DVCII. And no one could get to use points there for resales or older resorts or less than X points. They could change the non-home booking time there to two months out instead of seven months out. It's just an unknown at this point.

 

[Dean]

That's kind of upsetting. You're saying that if you bought a resale today and they made changes a year from now restricting the usage that you wouldn't be grandfathered in? You'd be subject to the new rules?

Legally they could make changes retroactive, I believe this is fact and not opinion. I think it's almost a certainty they would make future restrictions retroactive for non qualified points but it would be DVD'd choice. My opinion is that you're guaranteed potential access to your resort and other club resorts the same as EVERY other owner qualified or not for current club resorts and any future club resorts. I think an exchange company option is likely to continue for all but that the BVTC is at risk and may vanish for resale buyers. Since it is unreasonable to buy DVC for the options that have been restricted, I don't see this as having any real affect on the usability for a given member and ASAMOF, it's likely beneficial because it resulted in lower prices. Truthfully, in the absence of a VIP program of some sort, there's really only so much they can do to you as a resale buyer other than dangle carrots on the other side of the glass.

Here's an example. They could offer an extension of 2042 contracts by buying additional retail points but not for non qualified points