SSR purchase question

[LarryHD]

It looks like SSR may be the best deal for my family. I have a couple questions:

What is the current price direct from Disney? $86/pt?
What is the current promotion?
When does it end?

I think the promotion requires a referral, and I think the referrer gets a "referral fee". How much is the referral fee? I know about the referral fee because someone already email me and offered to share the fee with me if I used them as a referral.

I also see on Disney's website that they are offering "up to" $1500 of at SSR. Is that the promotion everyone is talking about?

What is the advantage of buying SSR from Disney rather than resale?

Thanks,
Larry

 

[phorsenuf]

There is no set date yet on an end date for the friends and family promotion. I asked my guide but he didn't know.
I sent you a PM with some pricing info.

Good luck!

 

[tomandrobin]

I think the promotion requires a referral, and I think the referrer gets a "referral fee". How much is the referral fee? I know about the referral fee because someone already email me and offered to share the fee with me if I used them as a referral.

What is the advantage of buying SSR from Disney rather than resale?

Thanks,
Larry

$86/point is the current rate. The referral award is $50 per refered guest who buys DVC.

The advantages buying directly from Disney are
- Almost instant membership (we were able to make reservations the next day)
- No settlement charges (as oppose to resale)
- Settlement and transfer of account can take up to 3 months
- You must pass ROFR by Disney
- Make sure the membership you are buying has not been stripped of points. You can find resales that seem reasonable in price, but then realize you won't get use of any points until 2008. A new contract will get you all of the current use year points.

Other then that, you are treated the same.

Good Luck!

 

[T.E. Yeary]

I see some exaggeration in the prior posters comments. Does anyone else out there want to chime in?

Tom

 

[disneydenisel]

$86/point is the current rate. The referral award is $50 per refered guest who buys DVC.

The advantages buying directly from Disney are
- Almost instant membership (we were able to make reservations the next day)
- No settlement charges (as oppose to resale)
- Settlement and transfer of account can take up to 3 months
- You must pass ROFR by Disney
- Make sure the membership you are buying has not been stripped of points. You can find resales that seem reasonable in price, but then realize you won't get use of any points until 2008. A new contract will get you all of the current use year points.

Other then that, you are treated the same.

Good Luck!

I thought that a referral received $200 Disney Dollars if the person bought? And only owners in certain states can receive referral perks.

Buying from Disney,

You are almost instantly in the system and can start making reservations.
Sometimes you get points from the previous use year if you buy before that month arrives.
You can use Disney financing, you can use a credit card to purchase.
You do pay minimal closing costs, around $200 or so.
You don't need to pass ROFR if you buy direct, so no waiting. Waiting for ROFR up to 30 days was the hardest part of buying resale, and then it takes weeks to get closed and in the system.
If you are buying at a sold-out resort where resale prices are high (BCV, VWL, BWV), you might actually save money buying Direct. You'd have to run the numbers to be sure. If you find a great resale contract with banked points, then that may be a better deal than buying direct, BUT, you have to hope that Disney doesn't buy it out from under you!

 

[tomandrobin]

I see some exaggeration in the prior posters comments. Does anyone else out there want to chime in?

Tom

Tom, I was just giving worse case situation with closing. Dealing with a broker will definately improve the time frame of settlement. When we purchased our contract, we were able to make our first reservation on Monday, Disney got the papers on Friday. I thought the referal was $50 for each. Last time I checked there were no settlemnet charges for SSR, but if it is $200, its still cheaper then resale.

I was trying to slight resales at all. Thought I was giving a realistic response, not trying to mislead or lie about anything! If you see something that is wrong, please feel free to just say it. I won't be offended, I rather be corrected then make it seem I am trying to mislead someone!

 

[starbox]

What is the advantage of buying SSR from Disney rather than resale?

Thanks,
Larry

With the SSR F&F promotion, I doubt you'll find a resale contract that is very much cheaper. We financed through Disney and we were in the system within 2-3 days of making the call. We took our first trip on points before our contract officially closed.

A quick check of the current resales for SSR shows that many of them have partially-completely stripped contracts - which means you'd have no points to use in 2006, only partial points to use in 07, and you'd only get your full points in 2008. One contract I saw was priced at 83$ a point but it only had 23 points left in the 2007 use year. You'd be paying dues the whole time, but would not get full points until 4/08.

 

[mattnday]

Closing Costs as of right now are $125. At least that is what we were charged this week.

 

[aprince&princess]

We took a tour on Friday and were told that the closing cost is $200.

 

[Pennyguy23]

Well alot of the stuff above is correct, but not fully true. In almost every cases besides BCV it is cheapier to buy a resale. And they aren't always stripped. Actually most aren't stripped. I look at it all the time for new ones coming on the market. BWV sells for about 85pp resale and 95pp if you by directly from disney. SSR is pretty similar right now with the pricing but in some cases still cheapier even after the more expensive closing costs.

 

[starbox]

And they aren't always stripped. Actually most aren't stripped.

I think SSR contracts are disproportionally stripped right now because some people bought contracts with the intention of stripping them and selling.

 

[Pennyguy23]

That could be true but really wouldn't make much sense because the people could have just rented points and saved the hassle. But that is me. I wouldn't want to go through all that to save money on one vacation.