Should we back out and do resale?

[ST1TCH]

Ok, I guess you can possibly consider me a sucker that agreed to the direct DVC rates for 125 pts at AKV on our cruise last week. We have paid the deposit already but were told we have 10 days to back out. We have 6/2013 UY so we'll already have 125 when we close and then get another 125 in 6/2014. What's the details on what we lose out on by doing resale? Is there a thread or post somewhere that details it all? Looking at Timeshare Store, I see I could possibly save 50% per point, but many of them are used up until late 2015...

We don't mind paying the premium to DVC direct if there are things we want that we'd miss out on by doing resale. We are huge Disney junkies and view this as an investment that will force us to take more vacations each 1-2 years as our jobs tend to rule our lives. We don't have any intention of selling it down the road and would probably will it to our future children.

I can tell the consensus here is probably go resale but I really want to know the facts on what we miss out on.

 

[3pletprincesses]

With resale you don't have access to transfer your points for anything else other then Disney resorts in Florida & California. Can't use them for cruises nor other hotels. At least that's what I've been rea ding but I'm no expert

 

[JAG107]

You should definitely back out and look into resale IMO. You can always change your mind and go back to direct if you change your mind, but there are like you said considerable savings by buying resale. What you lose out on" is the ability to book overpriced cruises and ABD trips (I believe the consensus is generally you get a better deal by renting out your points and using that cash to book those trips vs. using pts directly). We bought BLT direct and wish we knew about resale first, we just bought resale at SSR and got almost double the points we got at BLT by buying direct for the same price. Buying resale also will take you a couple months to close vs. instant gratification from buying direct. Otherwise, points are points and you can use your resale points at DVC resorts the same as if you bought direct.

 

[Annielkd22222]

One word...YES!

 

[disneynutz]

IMO buying anything based on emotion without knowledge and you are asking for disappointment. On a cruise you are surrounded by the magic of Disney and they have the advantage.

Resale being less expensive is just as important as you understanding the rules, policies, ins and outs of being a deeded owner of a DVC contract.

I would rescind the contract, take the time to learn about the DVC and all of the resorts, then make a purchase based on what you want, not what they are selling, either direct or resale.

Bill

 

[stevelee]

Yes back out. Do some research first and then decide what is best for you. We bought resale rather than direct do to the cost savings. If resale is not for you then that is fine buying direct isn't going anywhere and will still be there next month!

 

[SugarLoaf]

I am also a strong advocate of buy where you want to stay. I would also be sure, no matter if you are buying resale or direct, that AKV was your favorite and first choice of where you wanted to have your points/deed/11 month booking window.

Points at any of the resorts can be had, by resale, or direct wait-lists.

 

[JessLCH]

IMO buying anything based on emotion without knowledge and you are asking for disappointment. On a cruise you are surrounded by the magic of Disney and they have the advantage.

Resale being less expensive is just as important as you understanding the rules, policies, ins and outs of being a deeded owner of a DVC contract.

I would rescind the contract, take the time to learn about the DVC and all of the resorts, then make a purchase based on what you want, not what they are selling, either direct or resale.

Bill

Well said!

 

[Nabas]

Yes, rescind the contract. Take your time, consider your options, and look into the resale market.

If, after understanding the resale market, you decide direct is the way for you, then Disney will be more than ready to accept your money again!

However, if you let the 10 days expire, you'll be stuck with it even if you have second thoughts.

There is no rush. There are plenty of DVC points for sale, both direct and resale.

 

[JimMIA]

With resale you don't have access to transfer your points for anything else other then Disney resorts in Florida & California. Can't use them for cruises nor other hotels. At least that's what I've been rea ding but I'm no expert

This is incorrect.

With resale, you lose the ability to use your points at Disney deluxe resorts which don't have a DVC component (currently Poly and Yacht Club), Disney mod resorts, Disney Cruise Lines, and Adventures by Disney -- all of which require horrific numbers of points, compared to the value you receive.

Resale owners still can use their points to exchange out via RCI to about 600 RCI resorts (of the more than 3,200 total RCI resorts).

All of these perks -- including those for direct purchasers -- are non-guaranteed benefits which could be changed at any time by Disney or the other partners.

 

[Nabas]

If you buy resale, you cannot use your points for:

- Concierge Collection - various non-Disney partner hotels
- Disney Collection - Disney hotels such as the Yacht Club or Port Orleans Riverside
- Adventurer Collection - Various world-wide vacations administered by Disney
- DCL

However, the cost of these in term of DVC points is very high. These are poor financial uses of your DVC points.

If (for example) you decide you want to take a Disney cruise, then the most financially sound thing to do is rent your points (places such as David's DVC Rental will pay you $11/point) and then use the cash to pay for the cruise.

In all other aspects a DVC purchased through resale is like a DVC purchased directly.

 

[JimMIA]

With ANY timeshare, any time you have even the slightest question whether you made a wise decision...the BEST answer is to rescind. DVC is no exception.

Rescind, take your time, research -- and then make a sound decision that you feel best meets the needs of your family.

Direct and resale are not the only options. Buying nothing is a viable option. Renting from an owner is a viable option. If you want to buy a timeshare, you may find that one of the other systems will offer you better value and more flexibility. There's a whole universe of options out there besides DVC direct or DVC resale.

 

[magicaldisney]

Direct and resale are not the only options. Buying nothing is a vialble option. Renting from an owner is a viable option.

We rented more than once before purchasing DVC. We wanted to make sure the program was for us. We also wanted to check out the different resorts and room size to be comfortable with our purchase of our "home resort".

Is planning your WDW trip 11 months in advance workable for you? Have you given your UY some thought? Are you ok with paying the annual dues? Is purchasing DVC saving money for you.....do you currently visit WDW often, staying moderate/deluxe? Are you ok with not being able to take advantage of free dining with a DVC reservation? Do you prefer to have enough points for only a studio or do you prefer bigger units (this is where renting before purchasing comes in handy)? Have you looked at the points charts to know how many points are needed for the vacation you prefer?

 

[Silver19]

Alternatively, tell them you want to start with just 50 points. That's what we did this past January, and it gave us enough points to take the trip we wanted while learning enough about the resale market to confidently add on there.

 

[Daisyduck49]

Buy Direct! We bought all 550 pts direct. We want the full perks on all our pts. Do not want to worry about what we can or can't do! Loyal Disney nut!!

 

[Nabas]

Buy Direct! We bought all 550 pts direct. We want the full perks on all our pts. Do not want to worry about what we can or can't do! Loyal Disney nut!!

It's not a matter of buying direct vs. resale.

The OP expressed doubt about their DVC purchase. Anyone who isn't 100% sure about their decision should back out while they still have time.

I respectfully suggest the OP should give it a couple of weeks and, if they still feel the same way, Disney will still have plenty of DVC points to sell.

 

[Belle & Ariel]

Here is an example of how many points it takes for a Disney cruise:

Mid December 7 nights Caribbean first and second cheapest inside cabin 174 points each. If you have one child with you it would add 84 to 170 depending on age. You could pay over 500 points for a the cheapest inside cabin. Those points could be rented through Davids for $11 each at a cost of over $5500.
We have paid less than $2000 for balcony cabins for a week on HAL for 3.

With those 500+ points you could stay the whole month of December in a savannah studio at Animal Kingdom.

I would definitely go resale. You can buy nearly twice the points or buy for half the price.

 

[NoleFan]

We bought resale for 50% savings before the resale market boomed. Still savings to be had especially @ AKL or SSR. We are FL residents and would never use our points for a cruise. Don't see any value for us in buying direct. If you are having doubts, best thing to do is rescind. Then you can make a decision resale or direct that you feel 100% confident about. Good luck!

 

[barbbq1]

Wondering if I can use my resale points, bought before the change that resale can only be used at DVC Resorts........for a trip to Aulani in Hawaii? Is that considered a DV
C resort or a special resort?

 

[holula]

That is a DVC resort.