The VGF 2 pricing thread

[KAT4DISNEY]

Well if I remember right, a lot of brokers advertise a savings of around 40% on resale. For the resorts I’ve been looking at, the savings is nowhere close to 40%. A few years ago the difference between resale and direct seemed to be much larger.

I guess that's the difference as I have never looked at brokers marketing or taken that as my guide of what's of value or not. If that's what they said they may be better at marketing than DVC. Or just stole it from DVC since a lot of them are past "guides". If that ever was true it would have been on a select resort. Maybe two. The only 40% marketing I ever noted over and over came from DVC marketing- - save 40% over hotel cash prices. Even that varied from resort to resort and of course villa size comparison.

In the end the % doesn't really matter because as prices get higher the same percentage just means an even larger $$$ savings so the % can go lower and still save the same actual amount. That is what I look at. The actual $$$ savings. A couple thousand is still significant IMO especially if you plan on the same resort most of the time.

I see next to no change in evaluating resale to direct. If it's a resort in current sales it's going to be close and probably better to buy direct but still do the calculations as the longer the resorts been in active sales it may still be a significant savings.
For most other resorts not in active sales - looking purely at the financial side - you're going to have some decent to significant savings over direct on large contracts. Especially since DVC started pricing certain resorts with their "we really don't want to sell these to you" prices. And small contracts can make sense direct vs resale but I'd still compare the savings.

 

[thank_the_phoenicians88]

I think it all depends on the resort in question. I just added to my membership with 175 points at PVB. I paid $175 a point for a fully loaded contract. Direct is $250 a point. So I saved 43% going resale over direct. The resale I had for BCV was a 59% savings. The savings definitely exist, I think the messaging gets lost when the resort is in active direct sales and you have owners selling who are holding strong to the pre-direct pricing (e.g. GFV1 sellers who started pre sales).

 

[TinkB278]

I think it all depends on the resort in question. I just added to my membership with 175 points at PVB. I paid $175 a point for a fully loaded contract. Direct is $250 a point. So I saved 43% going resale over direct. The resale I had for BCV was a 59% savings. The savings definitely exist, I think the messaging gets lost when the resort is in active direct sales and you have owners selling who are holding strong to the pre-direct pricing (e.g. GFV1 sellers who started pre sales).

Exactly. The only resort I’ve had interest in buying resale was AKV and want a smaller contract between 75-100 points. Some small AKV contracts are going for between $150-160 a point. Direct is $186 per point. So to me, on a small contract, saving that few thousand is not worth losing unrestricted access to my points.

 

[gkrykewy]

I think it all depends on the resort in question. I just added to my membership with 175 points at PVB. I paid $175 a point for a fully loaded contract. Direct is $250 a point. So I saved 43% going resale over direct. The resale I had for BCV was a 59% savings. The savings definitely exist, I think the messaging gets lost when the resort is in active direct sales and you have owners selling who are holding strong to the pre-direct pricing (e.g. GFV1 sellers who started pre sales).

175 vs 250 is a 30% savings. Still decent though if you don’t value being able to stay at Riviera! For us, we love Riviera, so that’s the ultimate direct perk.

 

[wnielsen1]

I think it all depends on the resort in question. I just added to my membership with 175 points at PVB. I paid $175 a point for a fully loaded contract. Direct is $250 a point. So I saved 43% going resale over direct. The resale I had for BCV was a 59% savings. The savings definitely exist, I think the messaging gets lost when the resort is in active direct sales and you have owners selling who are holding strong to the pre-direct pricing (e.g. GFV1 sellers who started pre sales).

Poly is currently $241 if you add-on 175 points. So roughly a 27% savings ($66/$241) vs direct before considering closing costs which tend to be a little higher with resale. Still, a significant savings.

 

[thank_the_phoenicians88]

Poly is currently $241 if you add-on 175 points. So roughly a 27% savings ($66/$241) vs direct before considering closing costs which tend to be a little higher with resale. Still, a significant savings.

Your math is wrong, but I didn’t know it’s $241. (241-175)/175 = 38% - so close to the 40% they advertise!

 

[wnielsen1]

Your math is wrong, but I didn’t know it’s $241. (241-175)/175 = 38%.

Take 38% of 241 and then subtract that result from 241. You sure don't get 175. I do this for a living.

 

[thank_the_phoenicians88]

Take 38% of 241 and then subtract that result from 241. You sure don't get 175. I do this for a living.

Then you’re doing it wrong haha. Take $175 and multiple by 1.38. What do you get?

 

[Paul Stupin]

I think it all depends on the resort in question. I just added to my membership with 175 points at PVB. I paid $175 a point for a fully loaded contract. Direct is $250 a point. So I saved 43% going resale over direct. The resale I had for BCV was a 59% savings. The savings definitely exist, I think the messaging gets lost when the resort is in active direct sales and you have owners selling who are holding strong to the pre-direct pricing (e.g. GFV1 sellers who started pre sales).

As some rumors suggest, Disney could very well decide to build a new DLT-esque Poly tower (pricier than a hotel conversion but still cheaper than an entirely new resort) with an opening price close to VGF’s $179 pp. Personally, I think it’s going to happen, especially considering the sales of VGF2 and buyers’ enthusiasm surrounding new rooms at a beloved monorail resort. Seems like kind of a no brainer to me.

The $241 Poly direct price point is meant to discourage buyers and direct them elsewhere, just like last year’s $255 price point for VGF when it was sold out. I think the Poly expansion will be announced in a year or two when VGF sells out, so, for me, I’d rather wait and buy direct.

 

[thank_the_phoenicians88]

Take 38% of 241 and then subtract that result from 241. You sure don't get 175. I do this for a living.

Let’s say the price was $2 last year and $4 today. Your math suggests the percent change is 50% ((4-2)/4). It’s not. It’s 100% ((4-2)/2). $4 is a 100% increase compared to $2. Not trying to argue, just saying that resale has good savings!

 

[wnielsen1]

Let’s say the price was $2 last year and $4 today. Your math suggests the percent change is 50% ((4-2)/4). It’s not. It’s 100% ((4-2)/2). $4 is a 100% increase compared to $2. Not trying to argue, just saying that resale has good savings!

Direct DVC is $4. Resale DVC is $2. What is your savings? 100%? I don't think so. A 100% discount implies you get it for free.

 

[thank_the_phoenicians88]

Direct DVC is $4. Resale DVC is $2. What is your savings? 100%? I don't think so. A 100% discount implies you get it for free.

Good point. So todays prices are 100% more today than yesterday. So your formula is partially correct, but it’s ((2-4)/4 = -50%. A 50% savings relative to direct prices. Right?

 

[wnielsen1]

Good point. So todays prices are 100% more today than yesterday. So your formula is partially correct, but it’s ((2-4)/4 = -50%. A 50% savings relative to direct prices. Right?

Both of these statements are true (let's use our easy $4 vs. $2 example above):
A - The savings for buying resale vs direct is 50%
B - Direct costs 100% more than resale

When the brokers advertise savings, they are using A (and they put it this way to stay out of trouble: "up to x% savings").

 

[thank_the_phoenicians88]

Both of these statements are true (let's use our easy $4 vs. $2 example above):
A - The savings for buying resale vs direct is 50%
B - Direct costs 100% more than resale

When the brokers advertise savings, they are using A (and they put it this way to stay out of trouble: "up to x% savings").

Now we just need to convince Disney to execute on these price strategies haha.

 

[rubybutt]

Both of these statements are true (let's use our easy $4 vs. $2 example above):
A - The savings for buying resale vs direct is 50%
B - Direct costs 100% more than resale

When the brokers advertise savings, they are using A (and they put it this way to stay out of trouble: "up to x% savings").

You were very nice to explain it to him/her instead of name calling.

 

[thank_the_phoenicians88]

You were very nice to explain it to him/her instead of name calling.

Luckily most on this group are kind. I watch Facebook DVC and other Disney groups and some people there can be awful.

 

[Theta]

Poly is currently $241 if you add-on 175 points. So roughly a 27% savings ($66/$241) vs direct before considering closing costs which tend to be a little higher with resale. Still, a significant savings.

This math is correct

Your math is wrong, but I didn’t know it’s $241. (241-175)/175 = 38% - so close to the 40% they advertise!

This math is incorrect.

************

The calculate the percentage of savings off the original amount it is the difference/original amount (241-175)/241 which is 27% savings off the original amount of 241.

 

[sndral]

As some rumors suggest, Disney could very well decide to build a new DLT-esque Poly tower (pricier than a hotel conversion but still cheaper than an entirely new resort) with an opening price close to VGF’s $179 pp. Personally, I think it’s going to happen, especially considering the sales of VGF2 and buyers’ enthusiasm surrounding new rooms at a beloved monorail resort. Seems like kind of a no brainer to me.

The $241 Poly direct price point is meant to discourage buyers and direct them elsewhere, just like last year’s $255 price point for VGF when it was sold out. I think the Poly expansion will be announced in a year or two when VGF sells out, so, for me, I’d rather wait and buy direct.

When rumors were flying about a Poly DVC I remember seeing diagrams somewhere (Tikiman maybe?) showing a tower & a winding River/lagoon like pool throughout the grounds as part of the plan, instead they went all studio hotel room conversions + bungalows, so I wouldn’t say it was impossible, but I can think of lots of reasons that they won’t, starting w/ quick hotel room flips are a lot cheaper than new construction.

edited to add link showing plans w/ 2 towers & much bigger pool never built @ Poly http://www.bigfloridacountry.com/polynesianDVC/DVCconcept.jpg

 

[thank_the_phoenicians88]

This math is correct




This math is incorrect.

************

The calculate the percentage of savings off the original amount it is the difference/original amount (241-175)/241 which is 27% savings off the original amount of 241.

Thanks! My math is right, but used in the wrong context as it’s the percent more paid for direct vs. resale. Your formula is close, but it should be (175-241)/241. The negative indicates savings.

 

[thank_the_phoenicians88]

When rumors were flying about a Poly DVC I remember seeing diagrams somewhere (Tikiman maybe?) showing a tower & a winding River/lagoon like pool throughout the grounds as part of the plan, instead they went all studio hotel room conversions + bungalows, so I wouldn’t say it was impossible, but I can think of lots of reasons that they won’t, starting w/ quick hotel room flips are a lot cheaper than new construction.

I'd think it's possible, but not likely. I would think we would see Reflections come back into the picture before Disney would develop a new building on Polynesian.