Used or New DVC Purchase?

[Dpflake]

I am wondering if it’s better to purchase a resale DVC property or purchase a new DVC property? What are the pros and cons?

 

[Ruttangel]

Resale saves you money, $'000s, but takes longer to complete and Disney could step in and buy the contract if they choose. Also resale has no direct perks but right now AP discounts are being given to resale owners so that's evened things out a lot
Only perk remaining is the ability to book RIV and future resorts which is not a tangible cash discount so I wouldn't even count that.
Not sure what you are considering so hard to give further advice

 

[kanerf]

Also, with resale you can generally get the location and use year that you want, but with direct you are limited to what they have available.

 

[havoc315]

Pros of direct:
- Ease of purchase. Entire purchase can be completed in an hour, with a fully loaded contract immediately available to use (resale can take a couple months, the whole thing can fall apart)
-Perks included only in direct, like discounted APs, discounted dining, etc
- Ability to book Disney cruises, Galactic Cruiser, and Concierge collection with points (an illusory benefit, it's not very valuable to use points for those things)
- Ability to book ALL current and future DVC properties (a re-sale buyer faces various restrictions. A re-sale buyer of Riviera can only use the points at Riviera. A re-sale buyer of the older resorts can not use their points at Riviera or future resorts) .

Pros of re-sale:
- Savings of 30-40% on the initial price per point

 

[_auroraborealis_]

I'll also add that for some resorts, the direct value is not there, and if you buy a resort that has direct value, you cannot rely on being able to book some of the other resorts.

To be blunt, there is no defensible economic value in buying BCV or BWV direct, or buying those points as network/sleep-around points. Buy BCV or BWV resale and use them only for home resort bookings. Their usability outside home resort is not a factor.

 

[num]

I am going resale, I'm looking at a $13000 savings over direct. If you're new, and you buy resale. You can always sell it and have less of a $ loss, or even maybe break even. If you buy direct and sell it, you are in a tougher spot. If you know this is for you, and you simply must have all the little perks no matter the cost, go direct.

If you want to test things out, not take a huge hit and maybe buy direct later then buy resale.

It's not fair in my eyes that disney is asking so much money for something they have stripped the value from so I won't buy direct until they change that

vote with your wallet.

 

[Ruttangel]

Another bit of advice you can also buy direct and resale.
Buy a min of 150 points to get direct perks and then as many as you want resale, just need to be aware that booking a brand new resort would only allow the 150 to be used.
Also remember when you come to sell the fact it was a direct contract will make no difference to how much you can get.

Pros of re-sale:
- Savings of 30-40% on the initial price per point

This makes resale the winner quite easily atm with AP passes being offered to all, DVC needs a new direct carrot to dangle or clarify this was a mistake and close loophole.

 

[num]

Another bit of advice you can also buy direct and resale.
Buy a min of 150 points to get direct perks and then as many as you want resale, just need to be aware that booking a brand new resort would only allow the 150 to be used.
Also remember when you come to sell the fact it was a direct contract will make no difference to how much you can get.


This makes resale the winner quite easily atm with AP passes being offered to all, DVC needs a new direct carrot to dangle or clarify this was a mistake and close loophole.

Just don't buy a RIV resale contract because you will only be able to stay at RIV. Unless that is your intention.

 

[havoc315]

Another bit of advice you can also buy direct and resale.
Buy a min of 150 points to get direct perks and then as many as you want resale, just need to be aware that booking a brand new resort would only allow the 150 to be used.
Also remember when you come to sell the fact it was a direct contract will make no difference to how much you can get.


This makes resale the winner quite easily atm with AP passes being offered to all, DVC needs a new direct carrot to dangle or clarify this was a mistake and close loophole.

Depends on a lot of factors. The DVC resorts I want to stay at are: Riviera, Hilton Head, Aulani, and the future Disneyland Tower: The only way I get get those 4 resorts is by buying direct.

 

[Ruttangel]

Depends on a lot of factors. The DVC resorts I want to stay at are: Riviera, Hilton Head, Aulani, and the future Disneyland Tower: The only way I get get those 4 resorts is by buying direct.

Technically you can still stay at RIV by renting/transferring points out and in. A lot more hassle of course but it's not impossible.
Being closed off from RIV and future resorts doesn't bother me at all
Good point though, Everyone needs to consider how important that is for themselves.

 

[havoc315]

Technically you can still stay at RIV by renting/transferring points out and in. A lot more hassle of course but it's not impossible.
Being closed off from RIV and future resorts doesn't bother me at all
Good point though, Everyone needs to consider how important that is for themselves.

You can buy an apartment in Paris, rent it out, and use the proceeds for Disney vacations.

But would defeat the purpose.

It would be silly for me to buy re-sale at, for example, SSR, if I want to stay at Riviera about 60-70% of the time. It would mean having to rent out my points just to turn around and then rent points, for about 2/3rds of my trips.

 

[DonMacGregor]

You can buy an apartment in Paris, rent it out, and use the proceeds for Disney vacations.

But would defeat the purpose.

It would be silly for me to buy re-sale at, for example, SSR, if I want to stay at Riviera about 60-70% of the time. It would mean having to rent out my points just to turn around and then rent points, for about 2/3rds of my trips.

I've never quite understood the whole "Buy points with cash (because you NEVER finance DVC), so you can rent those points out, so you can convert those points BACK to cash, so you can reserve a room (with cash), or use that cash to rent yet more points, (with cash)" system.

 

[havoc315]

I've never quite understood the whole "Buy points with cash (because you NEVER finance DVC), so you can rent those points out, so you can convert those points BACK to cash, so you can reserve a room (with cash), or use that cash to rent yet more points, (with cash)" system.

Yes, it’s fine as a last resort if you’re not going to use your points one year. But it’s kinda crazy for that to be your annual procedure.

 

[DonMacGregor]

Yes, it’s fine as a last resort if you’re not going to use your points one year. But it’s kinda crazy for that to be your annual procedure.

You'd just love my opinion on walking reservations...

 

[Ruttangel]

It would be silly for me to buy re-sale at, for example, SSR, if I want to stay at Riviera about 60-70% of the time. It would mean having to rent out my points just to turn around and then rent points, for about 2/3rds of my trips.

you missed my point, I just said it’s not impossible to stay there, would anyone do this? Who knows, but it’s still an option as a resale only owner.

I wasn’t referring to your situation, I said everyone needs to work out if that is important or not.

 

[num]

Yeah, it comes down to matter of preference. wth all the money i saved from my initial resale purchase, i can absolutely buy points at riveria if it became a must have. some may really want riveria. i like being closer to magic kingdom and saw more value in a larger pool of points which is where you really see the savings when buying resale.

there is no right or wrong answer. its just good to have all the options on the table.

with that said, i can say id be more inclined to buy direct if they stop trying to force direct sales. restrictions are not the way to win hearts and minds. it causes FOMO and impulsive actions. then buyers remorse.

I looked at the history of dvc perks and how they’ve been dwindling and i decided i wont consider buying direct until disney offers a real reason. It was much easier for me to say. “Ok, love my home resort, these other 13 are cool, and based on knowing this will be all i can use, resale is the best choice “


Direct buyers have been all saying the same thing “i need to have access to everything future because there is value in it”. At a cost of about $50PP theres a real price on that line of thought which may or may not make sense to everyone

 

[havoc315]

you missed my point, I just said it’s not impossible to stay there, would anyone do this? Who knows, but it’s still an option as a resale only owner.

I wasn’t referring to your situation, I said everyone needs to work out if that is important or not.

But I think you missed my point. It's not impossible to stay there, by skipping DVC altogether. In fact, it would be easier to skip buying DVC then follow your suggested course.
Yes, a resale buyer could rent out all their points every year, and use the proceeds towards Royal Caribbean Cruises.
So would you suggest to someone who wants to take lots of Royal Caribbean cruises, that they buy DVC? Yes, it's not impossible. But it's a pretty ridiculous use of buying DVC.

 

[Sandisw]

But I think you missed my point. It's not impossible to stay there, by skipping DVC altogether. In fact, it would be easier to skip buying DVC then follow your suggested course.
Yes, a resale buyer could rent out all their points every year, and use the proceeds towards Royal Caribbean Cruises.
So would you suggest to someone who wants to take lots of Royal Caribbean cruises, that they buy DVC? Yes, it's not impossible. But it's a pretty ridiculous use of buying DVC.

Exactly. For those not interested in RIV or future resorts, then buying direct is a much harder sell. However, those that do, owning qualified points, even paying more now, will be important. And, many of us who thought thought we would never buy there due to restrictions, did a complete 180 when we had a chance to visit and stay.

Everyone definitely has to make up their own decisions based on their circumstances, but renting points out to turn around and pay cash/rent again is simply not the same as having a product that allows you to just use them where you want, when you want.

 

[havoc315]

Exactly. For those not interested in RIV or future resorts, then buying direct is a much harder sell. However, those that do, owning qualified points, even paying more now, will be important. And, many of us who thought thought we would never buy there due to restrictions, did a complete 180 when we had a chance to visit and stay.

Everyone definitely has to make up their own decisions based on their circumstances, but renting points out to turn around and pay cash/rent again is simply not the same as having a product that allows you to just use them where you want, when you want.

Exactly. And I can understand the logic of, "well, I don't love Riviera.... So not being able to stay there isn't an issue for me. So re-sale is a great purchase."

*Personally*, my secondary thought is looking forward: 10 years from now, if I had re-sale points, there may conceivably be 3-4 resorts that I'm "locked out of" that I would really like.

 

[Ruttangel]

Yes, it's not impossible. But it's a pretty ridiculous use of buying DVC.

Haha, It's like talking to an English Teacher, Here is my resubmitted paragraph for you to pick apart.
if your goal is to stay at RIV once every 10 years or never then the current direct perk of staying there is a very minor perk and everyone should consider that before buying resale or direct. If you changed your mind then you can use whatever cash you have lying around, which most likely would be via a rental/transfer.