Small Contracts (50 points and under)

[Tunseeker1]

The cheaper tickets because when you book a package you pay for all the days I the park. Dvc you buy a 10 day no expire and might only use 4 days in a 7 day trip

 

[JimMIA]

None of this is making sense to me anymore.

I agree, and also agree with Kat that it sounds like the worst kind fo impulse purchase.

This REALLY sounds like a situation where the friend needs to rescind, take a couple of deep breaths, and then go to school on DVC.

 

[mjc2003]

What is confusing to me is that you say above that you made an offer for your friend at AKV for him to use towards his December trip, but you have another thread where you discuss how you just made an offer for YOU at AKV for YOUR Christmas trip. With all due respect, are you sure you're not your friend??

Here is the thread, you can clearly see at the bottom of the conversation that the OP says that he is trying to add on at AKV for himself.


http://www.disboards.com/showthread.php?t=2914565

 

[mjc2003]

He was at Disney and saw the model.
Then he saw the big price at the bottom of the direct price for BLT.
Google Dvc resale.
Find out that you can get Vero for $40 a point.
40x100 points is 4000

Then he asks me about how to buy for less then 16 grand.
I make some offers and get turned down.
I tell him about direct pricing.
He buys 50 points at Vero.

Last vacation for him was 9 days long because it somehow seemed like a better value at a mod with dining and tickets.

Staying at Dvc will allow cheaper tickets because of no expire, and better option for ddp.

He went 2 yrs ago and spent almost as much as this trip.

50 points is a toe dip in Dvc. If it works out then he gets more.

Most people who spend $8000 on a vacation make their own purchasing decisions. I also don't get why he googled DVC, found Vero for $40, and figured out he could spend $4000 on 100 points, why did he then have to ask you how he could buy in for under $16,000? Hadn't he just figured it out?

If you are really his "friend", you would explain to him that buying VB direct b/c of the low buy in for "his" trip to AKV this December is not a prudent decision b/c of the very high MF's.

Good luck, perhaps a little clarification would help those that are trying to help you?

 

[Tunseeker1]

We are both going to be going at the same time.
I have been a member, and I talked to him about resale when he told me they were thinking about it.

I found an akv resale that was a good price so I put in an offer.
The one he was looking at is still listed, they want $90 a point and will not budge.
I found $75 a point and they came down and we had an agreement.

When my wife talked about the beach with his, I am now looking at buying some Vero myself so we can take the kids to the beach when we are at Disney.

I am looking at Saratoga springs points for the treehouse villa now. After having kids you find out quick that you make different kinds of friends. One friend bought a condo in Sarasota just to go down to Florida for a few weeks a year so the kids can go to the beach.

 

[ELMC]

The cheaper tickets because when you book a package you pay for all the days I the park. Dvc you buy a 10 day no expire and might only use 4 days in a 7 day trip

When booking a package you do not need to buy tickets for every day of your stay, just what you think you will need. When booking a package you can also get the 10 day no expiration option, not just with DVC. The 10 day no expiration option may NOT be a better value than simply buying park tickets every time you come. Finally, the DDP costs the same regardless of whether you are staying in a Disney hotel or DVC. If you wanted to argue that tickets are cheaper because you get a DVC discount on annual passes, that would've worked.

With all due respect, you have a lot to learn about visiting Disney. I would suggest buying a copy of The Ultimate Guide to Walt Disney World and reading it cover to cover.

 

[permavac]

I think I am beginning to understand... maybe? Perhaps your argument is, if I can buy Vero Beach direct from Disney for $75 per point, saving myself tons of time and aggravation, why would I spend equal to or more than that on any other resale? In my case the answer is easy - I don't want Vero Beach. I want BWV and the $65 per point price I paid for it (plus the closing fees and MFs = approx $80 p/p) was worth it for me. You have to compare apples to apples and while you can get VB for $75 per point from Disney (that is the cheapest property they sell), their other properties (other than HHI) go for substantially more, hence the higher resale rates. Also, VB has the highest MFs so you have to take that into consideration as well.

But, all that said, who am I to say what works for someone else? I bought HHI as my first purchase which is not a WDW resort either and I have never had a problem getting my first choice at the WDW properties at 7-months (not saying that historical data is an indication of future results - just stating my experience - but we never go during "high" season either). In taking that into consideration, I can't say that a starter contract for a new member at VB is a terrible idea. It is not that much money for him - sounds like basically the cost of one vacation (and that includes the dues for next year) and, maybe more importantly, he has his points now, doesn't have to waste time and energy on a two month process of ROFR/closing and his initial buy in is cheaper than some of the "more desirable" properties via resale. So good for him.

I've said it before and I'll say it again - small contracts are what they are.

Terri

 

[Tunseeker1]

I know quite a bit about Disney and dvc.

I remember watching them building HHI and thinking about the value over staying in hotels.
I remember when there was no resale market for dvc because they only had 2 resorts.
I also remember when dvc got park tickets.

I also know that the people in reservations tend to not tell you about all the options you may have in ticketing. I know that when you book online it sets you up with a ticket for the number of days of your stay no more no less.

Most people do not research a vacation and think "I'll buy extra tickets because I'll come back", they buy what is first offered and don't question.
When you buy like that you spend every possible minute in the parks to get the most for your tickets.
Dvc you know you will be coming back so you plan differently.

 

[Tunseeker1]

I think I am beginning to understand... maybe? Perhaps your argument is, if I can buy Vero Beach direct from Disney for $75 per point, saving myself tons of time and aggravation, why would I spend equal to or more than that on any other resale? In my case the answer is easy - I don't want Vero Beach. I want BWV and the $65 per point price I paid for it (plus the closing fees and MFs = approx $80 p/p) was worth it for me. You have to compare apples to apples and while you can get VB for $75 per point from Disney (that is the cheapest property they sell), their other properties (other than HHI) go for substantially more, hence the higher resale rates. Also, VB has the highest MFs so you have to take that into consideration as well.

But, all that said, who am I to say what works for someone else? I bought HHI as my first purchase which is not a WDW resort either and I have never had a problem getting my first choice at the WDW properties at 7-months (not saying that historical data is an indication of future results - just stating my experience - but we never go during "high" season either). In taking that into consideration, I can't say that a starter contract for a new member at VB is a terrible idea. It is not that much money for him - sounds like basically the cost of one vacation (and that includes the dues for next year) and, maybe more importantly, he has his points now, doesn't have to waste time and energy on a two month process of ROFR/closing and his initial buy in is cheaper than some of the "more desirable" properties via resale. So good for him.

Terri

Thank you.

 

[KAT4DISNEY]

I know that when you book online it sets you up with a ticket for the number of days of your stay no more no less.y.

It defaults to it, but it is not the only option. And you can add the park hopper and non-expiring right there.

Disney and DVC both have many options and they change.

It's interesting that you now have thought about adding beach days to your vacation but I'd ask again if that is what your friend wants. They have come to you for expertise but I'd still disagree that you have set them up for the best DVC options and experience. If you haven't already perhaps you should direct them to the websites to learn more about DVC and then decide. DVC isn't going anywhere - especially a direct VB contract. Cancel that and have them even take at least a week or two to learn more themselves.

 

[DougEMG]

I have some questions on small DVC contracts.

1. Direct.
I spoke to a rep that said that for an initial contract I can purchase a 50 point contract at current pricing and they would give me the 2011 and 2012 points right away.

2. Resale.
How often do small contracts come up for resale?
How long do they take to sell and what kinds of pricing?
How often do they make it through the ROFR?


I have offers on 2 contracts right now waiting on ROFR, and I am worried about them making it and how often I can get more of them at decent pricing.

If they don't make it past Disney, I don't know if i should just purchase direct or keep trying.

I'm assuming that you have already done the math and determined that a resale contract is working out to a total $/point cost cheaper than buying direct, otherwise you wouldn't be buying resale.

So the question is how much time are you willing to wait to get a good deal on a resale contract. Are you are short on time because you are going on a vacation and want to use your new point to go on that vacation instead of paying cash? If so just redo the math comparing the direct purchase to the resale + cash vacation price and see which comes out better. Your cash vacation price I would cost out at $10/point based on renting from an owner. So is resale $/point + $10/point still less than buying direct?

As others have said already, DVC is a long term ongoing expense. Timeshare companies stay in business because of people making impulse buys. Take the time to make sure you have thought through your requirements and are going to be happy with what you do.

Good luck with your decision.

 

[ELMC]

I know quite a bit about Disney and dvc.

I remember watching them building HHI and thinking about the value over staying in hotels.
I remember when there was no resale market for dvc because they only had 2 resorts.
I also remember when dvc got park tickets.

I also know that the people in reservations tend to not tell you about all the options you may have in ticketing. I know that when you book online it sets you up with a ticket for the number of days of your stay no more no less.

Most people do not research a vacation and think "I'll buy extra tickets because I'll come back", they buy what is first offered and don't question.
When you buy like that you spend every possible minute in the parks to get the most for your tickets.
Dvc you know you will be coming back so you plan differently.

Listen, I'm not going to go back and forth with you. The bottom line is that you come on here asking for help and advice, and anytime somebody says something contrary to what you believe, you argue with them. If you're not going to listen to those with differing opinions, then your outcome is already determined. Best of luck to you.

 

[JimMIA]

Listen, I'm not going to go back and forth with you. The bottom line is that you come on here asking for help and advice, and anytime somebody says something contrary to what you believe, you argue with them. If you're not going to listen to those with differing opinions, then your outcome is already determined. Best of luck to you.

It also strikes me as strange that someone with such comprehensive in-depth knowledge of DVC from the dawn of time only joined the DIS this month and has fewer than 50 posts...probably all of them on this thread and others like it.

 

[Missyrose]

It also strikes me as strange that someone with such comprehensive in-depth knowledge of DVC from the dawn of time only joined the DIS this month and has fewer than 50 posts...probably all of them on this thread and others like it.

I'm with Jim. Clearly this person never actually wanted help. They just want to .

 

[Tunseeker1]

I did come on here asking for advice.
I received some.

It was that resale will save you money (true)
Small contracts go fast. (true)
Small contracts go for a premium. (true)

I found some information that may differ and I asked why.
Are small contracts worth what people are asking for them (not always)
Are small contracts a smart first purchase resale (maybe)
Are small resale contracts a good value for the discount (not always)

I understand that many people disagree with these things.
I have givin examples of some contracts that can be bought right now and many do not make financial sense to me.
No one that has argued with me can actually show me anything current that makes sense in resale in a small contract.

Other people have posted that some resale contracts may not be the best idea (HHI) because of the exact things I have brought up.

I bought DVC when there were not as many options for purchase or resale.
It was easier then because Disney just bought back everything that was going to be sold.

I am new to this forum. Anyone can see this. You can also see senior members of this forum talk down to new members and tell them that their purchase was not a good purchase because they bought in a different manner or with different reasoning then normal.

I will say again. I am not here to fight, I don't get mad about the Internet because it really isn't my real life, by some of the information does affect my life and I might point it out. This usually gets me into trouble because I tend to point out things I can show someone rather then just repeating back a mantra.

 

[DougEMG]

Under the "lowest price thread" there are discussions on how to value and compare different contract on a purely financial basis, I've posted what my own methods that I use are there. Go take a look, see if any of them make sense to you and use them to do your own comparison.

I've only ever bought resale, but I am willing to accept the possibility that there might be a few unusual cases were direct might work out better than resale, but I'm willing to bet that at least 95 % of the time resale is better.

The advice that people have given on making a purchase here is really good.

 

[AllieV]

Under the "lowest price thread" there are discussions on how to value and compare different contract on a purely financial basis,.

Do you have a link for this? The search is disabled. Thanks.

 

[mjc2003]

I am new to this forum. Anyone can see this. You can also see senior members of this forum talk down to new members and tell them that their purchase was not a good purchase because they bought in a different manner or with different reasoning then normal.

Paranoia aside, you have to understand that you came here with a finite example, based on your "research" of a few resale contracts, and juxtaposed that with years of awareness by some posters. Nobody is telling you not to buy direct, or that you have to buy resale. What people ARE telling you is that resale makes more sense, most of the time, with rare exceptions. That's just a reality. Now, it seems that you want to buy points for a December trip and don't want to wait for ROFR and risk not being able to make a December reservation, so want to buy direct and wanted to come here to have your decision justified. You found a couple of examples, made a few offers, and suddenly have drawn a hypothesis. The truth is, you WILL save money if you are patient and wait for a resale contract that fits your needs. If you don't want to wait (some don't, this is your prerogative), then go right ahead and spend money however you see fit. As Jim said, making a decision with this kind of commitment to satiate the needs of the next 8 months is not prudent, but that doesn't mean you can't do it.

Senior members absolutely do not talk down to anybody. They are kind enough to give real advice. This is a financial commitment, do you want all warm and fuzzy responses agreeing with everything, or do you want to learn what people with far more knowledge than you have to say? I'd like to hear facts. People are not here to argue, but you seem intent on making your point regardless.

Every circumstance is different. If you found a contract that fits your needs both points-wise and cost-wise, then go for it. Ultimately you need to be happy with your decision, we don't. People are here trying to help, believe it or not. I would take the feedback as valuable advice, not antagonism. Learn from what people have to say, don't take it and try to always find a loophole.

Good luck.

 

[chalee94]

Do you have a link for this? The search is disabled. Thanks.

http://www.disboards.com/showthread.php?t=2661661&page=140

(and i've kinda given up on the search feature for this site - just go to google and type: "site:disboards.com" plus your search terms...)

 

[DougEMG]

Do you have a link for this? The search is disabled. Thanks.

Try this http://www.disboards.com/showthread.php?p=44696005#post44696005