Honestly I'm not holding out for any super-duper incentives.
Despite what we may think of the economy, DVC appears to be purring right along. I've been following the sales recordings on the Orange County website and there are no signs of a slowdown. And yes, people are even buying SSR points from DVC.
Since the stock market dropped in September, DVC has raised the base price of AKV from $104 to 112. AKV incentives have been reduced from $8 off to $6.25 off. Developer's Points have had some pretty stringent restrictions (SSR / RCI only; used by October '09).
The cruise incentive is a nice one but I think that speaks to DCL's ills as much as anything. It's not like they are giving away prime spring/summer sailing dates.
I've also heard that DVC is making a change in its downpayment approach after Saturday. For the last few months they have allowed buyers to apply the incentive pricing to the mandatory 10% down. Come Sunday buyers will have to put the full 10% down, and incentives come off after that.
So despite what we think of the economy, DVC continues to make it more expensive to buy and folks are still doing it. I'm not saying DVC won't have great incentives by next week, but I think it's far from a slam dunk. This isn't fire sale time.
Why do people buy direct instead of resale? Partially ignorance...partially due to a need to finance...partially due to a trust in Disney's handling of the transaction...partially because they are afraid of the resale process...partially because they want the immediate gratification...partially because they want to dictate their own terms (number of points, Use Year), etc.
We just bought 100 VGC points to lock-in the cruise incentive. But we'll still be within our rights to rescind if a better deal materializes next week. Best of both worlds.
Despite what we may think of the economy, DVC appears to be purring right along. I've been following the sales recordings on the Orange County website and there are no signs of a slowdown. And yes, people are even buying SSR points from DVC.
Since the stock market dropped in September, DVC has raised the base price of AKV from $104 to 112. AKV incentives have been reduced from $8 off to $6.25 off. Developer's Points have had some pretty stringent restrictions (SSR / RCI only; used by October '09).
The cruise incentive is a nice one but I think that speaks to DCL's ills as much as anything. It's not like they are giving away prime spring/summer sailing dates.
I've also heard that DVC is making a change in its downpayment approach after Saturday. For the last few months they have allowed buyers to apply the incentive pricing to the mandatory 10% down. Come Sunday buyers will have to put the full 10% down, and incentives come off after that.
So despite what we think of the economy, DVC continues to make it more expensive to buy and folks are still doing it. I'm not saying DVC won't have great incentives by next week, but I think it's far from a slam dunk. This isn't fire sale time.
Why do people buy direct instead of resale? Partially ignorance...partially due to a need to finance...partially due to a trust in Disney's handling of the transaction...partially because they are afraid of the resale process...partially because they want the immediate gratification...partially because they want to dictate their own terms (number of points, Use Year), etc.
We just bought 100 VGC points to lock-in the cruise incentive. But we'll still be within our rights to rescind if a better deal materializes next week. Best of both worlds.
