Tons of Qs from Prospective Buyer

[Ltl Mermaid]

Hi, can I ask why it is so hard to finance through a reseller (like the Timeshare Store)?

I have looked and found some contracts that I am interested in but figured I would pay about 1/2 and finance the rest. I also do not have that much money lying around lol

Also, is the Timeshare Store negotiable? Is it in your best interest to give them an offer that is pretty low, or take what they give you...knowing that Disney won't accept a "too low" offer.

Lastly, why are points at BWV so much less than BCV?

Thanks!

 

[chalee94]

Hi, can I ask why it is so hard to finance through a reseller (like the Timeshare Store)?

it's not always hard, but you will likely be asking for a loan without offering any collateral as most lenders won't be interested in repossessing a potentially worthless asset (which timeshares are). if DVC changes several more of the rules to devalue resales, why would any sensible lender loan you $30 per pt if the contract might only be worth $15 per pt next year?

if your credit is good enough, you can get an unsecured loan (similar to a credit card loan), though.

Also, is the Timeshare Store negotiable? Is it in your best interest to give them an offer that is pretty low, or take what they give you...knowing that Disney won't accept a "too low" offer.

the timeshare store is just a broker. you can offer the owner whatever you like - and they are free to counter-offer or ignore you if they consider your offer insulting.

and it's not that disney won't accept too low of an offer...the owner can accept however low of an offer they are ok with. if disney thinks the price is a great deal, they can pay the seller themselves and take it away from the buyer at the agreed upon price. you as the prospective buyer would get your money back and have to start over.

Lastly, why are points at BWV so much less than BCV?

econ101 - supply and demand.

BCV is much smaller than BWV. low supply = higher prices.

BCV stays include the use of the stormalong bay pool, which no one else can hop to. if you stay at BCV, you can use BCV's pool or hop to BWV's - but you can't do that the other way around...

enough people think access to BCV and its pool at 11 months is valuable, so demand for BCV contracts is higher. higher demand = higher prices.