Thinking (again) about buying...have questions

[Flyerfan]

We are discussing buying into DVC. We are comparing buying resale and through Disney direct.
If we buy through Disney within the next month and request an August or Sept. use year and want to travel in January, can we make a reservation next month borrowing those points? I'm a little fuzzy on that.

Also, I've read that there are no closing costs when buying through Disney. Is that correct?

Thanks!

 

[DiznEeyore]

There used to be no closing costs buying through Disney. That is no longer the case. Although current owners do not have to pay closing costs for add-ons.

 

[RobDoc]

There are now closing costs for first-time purchases - I think they are in the $200 range.

You would not need to borrow points for a January trip, since your points would be in your account in August or September could be used for any reservations between Aug/Sep 1, 2007 and July 31/Aug 31, 2008.

Enjoy!

 

[vwlvette]

Your id caught my eye,
Been involved with the flyers for years, i always love to see more Hockey fans specially Flyers fan, Greatest sports fans!

Anyway, there are some great deals out there in the resale market, We purchased a 300 pt vwl contract in Jan this year, We received 300 2006 points and all for this year, so we made out great, paid 87 per point, seller paid 2006 MF we paid 2007.

Good luck in your pursuit of a DVC contract!

 

[Caskbill]

If you purchased a September use year month today, from Disney, you would get all 2006 use year points, and would get 2007 use year points on Sep 1st, 2007.

You would pay pro-rated fees, meaning you would pay about half the 2007 calendar year fees (pro-rated July-Dec).

You could bank your 2006 points, and use them for your January 2008 trip. You would not need to use 2007 UY points at all.

If you purchase resale, everything is negotiable, and you'd have to understand the contract's point situation (banked points, current year points, or borrowed points). Also who would be required to pay maintenance fees.

Closing costs would be about double the closing costs if purchased from Disney. (Disney pays part of the closing costs when you buy direct, and they pay ALL the closing costs to current members who are buying add-on contracts)

 

[joelly2103]

You really have to do the math.

Consider;

Resale - points costs, closing costs, association fee for current UY cost (if the seller has current points available). Don't forget the days of your life that are lost waiting to pass ROFR

Disney - The price per point, no closing, but you get current year points. If you want sold out resorts, you have to wait for the points to become available.

We found that we were able to purchase 150 VWL and 40 BCV with some current year points (84 Total) available for the about price Disney would charge for the 150 points. This included all the costs through resale. This worked for us because we were not planning on going within the first year we purchased.

The best thing is to balance the $$, with what you really think you need. I am pretty conservative and I was thinking if I did it again, I might but lower points at a number of resorts, instead of the 150 initially. I could go on and on about why I am thinking this now, but that was not your question.