The VGF 2 pricing thread

[DVChris]

I am not yet a DVC member but spoke to our guide on Friday. He said he could now confirm the base price would be $207 but he would not have information on potential incentives to share until 3/31.

My CM told me last week that the base would stay the same at $207. Glad that your CM is saying the same!

 

[Sandisw]

I can try and confirm the details tomorrow.

It seemed there is some incentive off maybe off the base of 255 and additional points added to his contract one time.

He said his price was 240. He said in total his contract total value is 72k and he already put 6k down on it. He is financing it over three years.

He can't sign his contract until April 1, but worked into the contract is the extra bonus points of 350. I am not sure if those are normal incentives or incentives because he toured?

He is getting 300 points + bonus points of 350 (this is a 1x incentive) = 72k with currently 6k down. And he specifically mentioned his contract is without a signature until April 1 because they can't not sell them the points as non members.

This is pretty odd and an extreme departure from anything that has ever happened. Guides are not usually allowed to share data ahead of them and in essence they did sell him points, signature or not

We have heard that come April 1st the incentives for current members are reducing but base price was to stay the same.

DVD always gives notice if they will be raising the base price so something is just not correct here.

Looking forward to getting more specifics.

 

[mamaofsix]

This is pretty odd and an extreme departure from anything that has ever happened. Guides are not usually allowed to share data ahead of them and in essence they did sell him points, signature or not

We have heard that come April 1st the incentives for current members are reducing but base price was to stay the same.

DVD always gives notice if they will be raising the base price so something is just not correct here.

Looking forward to getting more specifics.

I agree. We were just there last week and got a tour of the grounds. We would be new owners. Our guide was very specific that it would be $207 pp with possible incentives, but that she could not give an official quote or draw up paperwork until after March 31st.

This report just doesn't sound true.

 

[got4boys]

It will be interesting on whether the pricing stays at $207. It is definitely underpriced currently. Having the flagship resort lower than Polynesian and Bay Lake is a very interesting business move unless it was the timing of what is going on in the world that had them priced this low. With what happened in 2008 after they built Bay Lake and had to offer Black Friday Specials.

People are still buying Beach Club and Boardwalk at the higher prices (even with the shorter expiration dates). Having a monorail resort and can walk to the Magic Kingdom - the same price as Riviera Resort, at this price, it is priced very well.

 

[krysib]

I can try and confirm the details tomorrow.

It seemed there is some incentive off maybe off the base of 255 and additional points added to his contract one time.

He said his price was 240. He said in total his contract total value is 72k and he already put 6k down on it. He is financing it over three years.

He can't sign his contract until April 1, but worked into the contract is the extra bonus points of 350. I am not sure if those are normal incentives or incentives because he toured?

He is getting 300 points + bonus points of 350 (this is a 1x incentive) = 72k with currently 6k down. And he specifically mentioned his contract is without a signature until April 1 because they can't not sell them the points as non members.

I would guess this might be a sales tactic in the way the sales guide is pitching:

300 points at $240 is $72,000, but a 350 point contract at $207 is $72,450.

I would guess the guide said "with pricing this low its 'like' getting 50 points free" compared to another resort/higher price of $240.

 

[lorie13]

This makes sense and then waiting for the 1st to sign the contract and if there are incentives, then adjusting the amount owed. DVD contracts look funny when you first look at it, making you think the numbers are wrong. We just signed two for the new VGF and they actually list the purchase price as $207, then a line which gives the developers credit in the initial down payment.

I would guess this might be a sales tactic in the way the sales guide is pitching:

300 points at $240 is $72,000, but a 350 point contract at $207 is $72,450.

I would guess the guide said "with pricing this low its 'like' getting 50 points free" compared to another resort/higher price of $240.

 

[lorie13]

Also suggest to your friend to break that amount into two or three smaller contracts. Cost a bit more in closing costs but if down the road he want to sell some points, it is easier to sell smaller contracts than a large one, plus smaller contracts go for more. One of our regrets was our first purchase direct and we bought 270 AKV points in one contract.

I can try and confirm the details tomorrow.

It seemed there is some incentive off maybe off the base of 255 and additional points added to his contract one time.

He said his price was 240. He said in total his contract total value is 72k and he already put 6k down on it. He is financing it over three years.

He can't sign his contract until April 1, but worked into the contract is the extra bonus points of 350. I am not sure if those are normal incentives or incentives because he toured?

He is getting 300 points + bonus points of 350 (this is a 1x incentive) = 72k with currently 6k down. And he specifically mentioned his contract is without a signature until April 1 because they can't not sell them the points as non members.

 

[Sandisw]

This makes sense and then waiting for the 1st to sign the contract and if there are incentives, then adjusting the amount owed. DVD contracts look funny when you first look at it, making you think the numbers are wrong. We just signed two for the new VGF and they actually list the purchase price as $207, then a line which gives the developers credit in the initial down payment.

Except taking a deposit is the same thing as a sale. You don’t have to actual sign.

It would have been like a guide allowing current owners to get things started before March 3rd…

Something was misunderstood.

 

[KAT4DISNEY]

It will be interesting on whether the pricing stays at $207. It is definitely underpriced currently. Having the flagship resort lower than Polynesian and Bay Lake is a very interesting business move unless it was the timing of what is going on in the world that had them priced this low. With what happened in 2008 after they built Bay Lake and had to offer Black Friday Specials.

People are still buying Beach Club and Boardwalk at the higher prices (even with the shorter expiration dates). Having a monorail resort and can walk to the Magic Kingdom - the same price as Riviera Resort, at this price, it is priced very well.

It's the norm for the past decade to have resorts that are not in active sales priced higher. It directs the buyers towards the resort that DVC actually wants to sell. Nothing strange and nothing different and nothing to do with timing of sales starting.

 

[RamblinWreck]

It's the norm for the past decade to have resorts that are not in active sales priced higher. It directs the buyers towards the resort that DVC actually wants to sell. Nothing strange and nothing different and nothing to do with timing of sales starting.

It does seem a little odd that there's so much resistance to this concept for VGF.

It wasn't odd that Saratoga Springs was more expensive than Riviera. Or that Riviera was the same price as Aulani. But now so many people think it's weird that VGF is the same price as Riviera per point? Why?

I guess it's just because VGF was previously sold out and selling at really elevated levels in the secondary market?

 

[sndral]

He is going to send me his sales guys information, Ricardo, and I will see if I can work up a contract as a new member only to have it signed by April 1. I will report back once I firm up his details. Although 240 is likely too rich for my blood

I’m not sure I’d want Ricardo as my guide since he’s selling VGF at $240, while other guides are saying the price will be $207
I think I’ve figured the price out, though, if you finance $207 over 36 months like your friend is doing at 10% interest (which I think is around what Disney financing is) your total cost would be about $240 - so my guess is that’s where the $240 number comes from.
The 350 points for a 300 point contract makes less sense. Could your friend be confusing how use years & borrowing points work? What use year did your friend get? In addition to using all of your current use year allotment of points you can borrow up to 50% of next years which would in his case be 450 points available to use for trips in his 2022 use year.
Back when they were selling SSR (I think it was SSR) they did offer one time developer points - so it’s possible they’ll do so w/ VGF when sales open to nonmembers, but it would surprise me if they put more points into circulation because they are still limiting borrowing claiming the closure/pandemic has resulted in too many points to work through the system.
My final theory on the mysterious ‘extra’ points is that maybe DVC has a stash of VGF1 points which before they stopped selling VGF1 used to be priced in the $250s - if they were using VGF1 points, depending on his use year they might come w/ 2021 points - but this scenario seems less likely since then your friend would get 2x300 points=600 points rather than 350.

 

[disneyforsix]

If the one time points bonus incentive for new members is true - Are there any legal ramifications for offering 2021UY points to new DVC members, but not allowing the option to choose for current sales? Not saying I would have taken them over current incentives, but I would think legally they would have to offer them vs saying no one is getting 2021 UY points, and then offering after the restricted sales period.

 

[wnielsen1]

If the one time points bonus incentive for new members is true - Are there any legal ramifications for offering 2021UY points to new DVC members, but not allowing the option to choose for current sales? Not saying I would have taken them over current incentives, but I would think legally they would have to offer them vs saying no one is getting 2021 UY points, and then offering after the restricted sales period.

They would not give them 2021 UY points, they would give them developer points.

 

[sndral]

They would not give them 2021 UY points, they would give them developer points.

Correct, they could be points from unsold Riv or Aulani or anywhere really, and could be any number of points & could come w/ strings attached.
Examples:
2014 https://dvcnews.com/index.php/dvc-p...-dvc-incentives-discount-or-developers-points
2007 https://dvcnews.com/index.php/dvc-program/financial/168-double-developers-points-incentive
And here’s a link to a 2007 discussion about the history of incentives offered https://www.disboards.com/threads/h...eveloper-points-when-a-new-dvc-opens.1884789/
In some ways I can see the attraction w/ a not yet open resort for a new buyer, here’s some points to use while you wait for your first allotment of points to load, or if you don’t mind waiting you can get $X off per point.

 

[disneyforsix]

Correct, they could be points from unsold Riv or Aulani or anywhere really, and could be any number of points & could come w/ strings attached.
Examples:
2014 https://dvcnews.com/index.php/dvc-p...-dvc-incentives-discount-or-developers-points
2007 https://dvcnews.com/index.php/dvc-program/financial/168-double-developers-points-incentive
And here’s a link to a 2007 discussion about the history of incentives offered https://www.disboards.com/threads/h...eveloper-points-when-a-new-dvc-opens.1884789/
In some ways I can see the attraction w/ a not yet open resort for a new buyer, here’s some points to use while you wait for your first allotment of points to load, or if you don’t mind waiting you can get $X off per point.

Gotcha - thank you for answering with examples We just purchased Riviera in May 2021, and are now sitting on 4 more contracts at CC, SSR, and VGF2. We love DVC and appreciate everyone's knowledge sharing!

 

[KAT4DISNEY]

I’m not sure I’d want Ricardo as my guide since he’s selling VGF at $240, while other guides are saying the price will be $207

 

[robinsce]

Not sure if this is the right place to ask or not, but there is a lot of knowledge in this thread so thought I would throw it out there. We just closed on a VGF add on contract with a December use year. Should we have received 2021 points? Thanks!

 

[disneyforsix]

Not sure if this is the right place to ask or not, but there is a lot of knowledge in this thread so thought I would throw it out there. We just closed on a VGF add on contract with a December use year. Should we have received 2021 points? Thanks!

Nope - not if you purchased VGF2. We also have a December UY and did not get 2021 points. No one did.

 

[KTownRaider]

We just closed on a VGF add on contract with a December use year. Should we have received 2021 points? Thanks!

You won't receive 2021 points. Conversely, you'll only pay one months worth of dues with your December UY. Normally, if you received the current year's points (2021 in this example), you'd pay prorated dues from the time you purchased through the rest of the calendar year regardless of UY.

 

[SusieQ93]

I can confirm, I just received an email from my guide telling me price on March 31st will be $207 pp. no mention of incentives and I didn’t ask because I figure she can’t tell me so what’s the point?