VGC asking price at 120 pp!

[Minniesgal]

And that's why financing makes sense to me . The inflation is quite ridiculous . Waiting and saving money to purchase , the inflation just doesn't offset the interest you will pay.

Inflation goes up and down and is fairly unpredictable especially in today's rocky economy. The interest you will lose on finance is however entirely predictable.

 

[kapicka]

When was this?

We got news from Disney on June 6th that they purchased the 160 points we were trying to buy at $98 per point for VGC.

Looking ever since but of course prices going up quickly. (A loaded contract of 100 points just went for $125 per point!!)

 

[ELMC]

Wow....I started looking about 8 months ago and I swear the asking was about 100.....anyone have idea of what is seen as a fair offer for VGC?

Fair is a subjective term that can mean different things to different people. In today's market, $120 for vgc is a fair price. That being said, think that today's resale market is completely overinflated and is being propped up by abnormally high ROFR activity mixed with a bit of buyer hysteria. I would not recommend buying in today's market.

 

[jerseyduke]

You got a great deal at $55 though.

The increase argument is logical, although if you invested rather than financed you would have MADE money. Say you had 2,000 as a down payment and you invested rather than financed.

The S & P 500 returned 15% in 2010, 2% in 2011, 16% in 2012, and currently 13% in 2013.

You can do the math, but its obvious what the results are.

Anywho, back to topic. GVC at $120 is steep IMO.

Just out of curiosity why did you not put in what the S&P returned in 2008 and 2009? of even 2000-2010? I personally would be very hesitant to take out a loan at 10+%. I would be equally hesitant to expect returns in the S&P in the double digits for the next few years.

Just sayin....

 

[ImagineerTHAT]

Just out of curiosity why did you not put in what the S&P returned in 2008 and 2009? of even 2000-2010? I personally would be very hesitant to take out a loan at 10+%. I would be equally hesitant to expect returns in the S&P in the double digits for the next few years.

Just sayin....

I know what you're saying...but there was a reason. He bought his resale in 2010, so I wanted to show the same years in comparison. He spoke about resale prices going up since he got a great deal....I wanted to show that the stock market did as well.

 

[Kauinohea]

My second offer was accepted! Signing the contract and sending in tomorrow

 

[frank808]

I'd like for you, just once, to support these claims of yours with some hard math.

I'm sure you have the numbers to back this up, or do you just "feel" this way?

I'm really curious since you post the same claim in many, many threads, yet never explain how you reached your conclusion.

I was looking at buying direct VGC in Oct 2010. Direct price was $120 but with incentives and some specials going on it would have brought the price down to $95 point (had a special on the last day we were at VGC where we got an extra $1 off....for some reason I remember that ). If we had pulled the trigger and financed the 350pts (did not as the economy was still shaky and didn't want to use our on hand cash) with 20% down. The price would have been $33250-$6650=$26600 out the door (no closing costs then). The interest the past 3 years at 10.5% would have been $7609($22). So about $117($95+$22) per point today.
Much cheaper than the $165 DVC direct price and in line with resale prices today. I would have gotten 4 years use of the contract also. Now this analysis would probably not work for every resort but in my case I would have been ahead by financing instead of buying direct at $130 now. Buying resale at $115 with closing would still cost more than buying and financing 3 years ago. YMMV

 

[DenLo]

My second offer was accepted! Signing the contract and sending in tomorrow

For how much and how many VGC points? Good luck on passing ROFR!

 

[Kauinohea]

For how much and how many VGC points? Good luck on passing ROFR!

Sorry, so excited I forgot to add that part...175 points at $115 per point. We really wanted to stay at 110, but there aren't many contracts out there for the amt of points we wanted and the price seems to steadily climb!

 

[ELMC]

I was looking at buying direct VGC in Oct 2010. Direct price was $120 but with incentives and some specials going on it would have brought the price down to $95 point (had a special on the last day we were at VGC where we got an extra $1 off....for some reason I remember that ). If we had pulled the trigger and financed the 350pts (did not as the economy was still shaky and didn't want to use our on hand cash) with 20% down. The price would have been $33250-$6650=$26600 out the door (no closing costs then). The interest the past 3 years at 10.5% would have been $7609($22). So about $117($95+$22) per point today.
Much cheaper than the $165 DVC direct price and in line with resale prices today. I would have gotten 4 years use of the contract also. Now this analysis would probably not work for every resort but in my case I would have been ahead by financing instead of buying direct at $130 now. Buying resale at $115 with closing would still cost more than buying and financing 3 years ago. YMMV

Thanks for sharing your experience. I think that this is the exception that proves the rule as there were a number of factors in play that are not repeatable currently. VGC is an outlier in all respects, and there is no parallel at WDW. Also, to get $25 off initial offering prices is a crazy good deal.

 

[PCMama]

My second offer was accepted! Signing the contract and sending in tomorrow

Congratulations! Good luck. Don't get discouraged, its a long process for vgc because contracts ate hard to find. I started making offers in late Feb, and finally got a contract through and closed at the end of June. Waiting for my member number from Disney now. Keep us posted!!