VWL contracts price through Disney?

[hebbynan]

My husband and I are looking to buy DVC. We've been reading these forums and everything we can get our hot little hands on. We REALLY want to buy into VWL. The WL is our absolute FAVORITE Disney resort!!!

I know Disney has some VWL contracts available but do not actively market them to the public. I have read where people were still able to purchase them after insisting to the guide that is where they wish to have their home resort. I also know that there are many VWL contracts available on the resale market.

My question is this; does anyone know (or have a guess) as to the price per point Disney sells their direct VWL contracts? I've seen them listed on resale anywhere from $75 to upwards of $115. I am aware of the pros and cons of purchasing thru Disney versus buying resale. I just want to get some kind of an idea if Disney is selling their VWL contracts at $165 (say similar to the VGF) or if they're priced less than that. This answer will have the most bearing as to whether we buy direct or resale.

Thanks in advance for any answers!

Heather

 

[erionm]

VWL direct from DVC is $130/point with no incentives available.

http://dvcnews.com/index.php/dvc-program/financial/pricing-a-promotions

 

[DenLo]

The sold out resorts, have limited UY's available, so if you have a specific UY in mind they not have it currently. Or they might have some points available but not enough. It just depends on ROFR activity and reacquired contracts usually because an owner has not paid the loan and annual dues.

So sometimes they have points they can sell and other times they do not.

Good luck. You could always buy a VWL contract on the resale market and save money.

 

[hebbynan]

DenLo and erionm thank you both for your replies!

Hmm, $130 per point does make it interesting for us now. We'll have to toss around the buying resale a bit more now.

Maybe we'll hold off a year or so or at least until there's something more concrete out about the rumored additional DVC room additions/changes and supposed cabins at the water.

Thank you again!

 

[KAT4DISNEY]

DenLo and erionm thank you both for your replies!

Hmm, $130 per point does make it interesting for us now. We'll have to toss around the buying resale a bit more now.

Maybe we'll hold off a year or so or at least until there's something more concrete out about the rumored additional DVC room additions/changes and supposed cabins at the water.

Thank you again!

Remember - that's $130/pt for a contract that expires in 2042 so 28 years or a simple calculation of $4.64/pt/year.

Compared to VGF at $165/pt with expiration in 2064 so 50 years left on the contract which equates to $3.3/pt/year.

It takes resale to get the similar value for VWL - I'd believe you could get it for $80 to $85/pt resale which equates to $2.86 to $3.03/pt/year. Very comparable to the resorts actively being sold by DVC.

You can buy the resale and put the savings towards a couples years of dues.

 

[Dean]

DenLo and erionm thank you both for your replies!

Hmm, $130 per point does make it interesting for us now. We'll have to toss around the buying resale a bit more now.

Maybe we'll hold off a year or so or at least until there's something more concrete out about the rumored additional DVC room additions/changes and supposed cabins at the water.

Thank you again!

You can make some projections now. Take the current sale price and points chart of VGF for your situation and that should give you a good idea of what you'd be looking at for the Poly as well as a good comparison for retail. Then if it clearly makes sense for something else, you could proceed now along that path. If the Poly still makes sense (paying cash of course), then you could wait and see putting aside the funds. Of course you could do both if you were looking at enough points. You could buy VWL resale or you could look at something that might be a better value long term and try to get in at 7 months which you'd likely be able to do most of the time by reserving at 7 months and waitlisting when needed.

 

[hebbynan]

If we buy resale, other than not being able to use our points on cruises and Disney Destinations, is there really anything we would be missing out on? I didn't know if there were other perks that come with owning directly through Disney or not. Because resale is really looking like the way to go right now.

 

[hebbynan]

One more question for you DVC Gurus....

If we would buy resale for VWL and then add on say another 50 points down the line....how does that work then if we would decide to use our points on a cruise? Do only the 50 points we purchased through Disney count or could we use all of our points that we own?

 

[chalee94]

One more question for you DVC Gurus....

If we would buy resale for VWL and then add on say another 50 points down the line....how does that work then if we would decide to use our points on a cruise? Do only the 50 points we purchased through Disney count or could we use all of our points that we own?

disney can tell what you bought direct and what you bought resale. only the direct pts would count for booking a cruise.

 

[chalee94]

If we buy resale, other than not being able to use our points on cruises and Disney Destinations, is there really anything we would be missing out on?

even those aren't really a case of "missing out."

it will virtually always be cheaper to rent your pts and take the cash to pay for cruises or other hotels.

you could say you lose a little convenience but that convenience costs a lot.

 

[hebbynan]

even those aren't really a case of "missing out."

it will virtually always be cheaper to rent your pts and take the cash to pay for cruises or other hotels.

you could say you lose a little convenience but that convenience costs a lot.

You know for some reason, that line of thinking never crossed my mind! Thanks! That does make a lot of sense now and I priced out how much cheaper resale would be and it's a lot!

The only thing that may sway us would be if they do make more DVC at the lodge with a much later expiration date.

Thank you so much for all the help!

 

[hebbynan]

Resale points can still be used at other DVC resorts correct? Just wondering if I read that right.

 

[disneynutz]

You know for some reason, that line of thinking never crossed my mind! Thanks! That does make a lot of sense now and I priced out how much cheaper resale would be and it's a lot!

The only thing that may sway us would be if they do make more DVC at the lodge with a much later expiration date.

Thank you so much for all the help!

That's a good point. If they do build or convert WL rooms to DVC, I would think that it will be a separate project that offers something more than VWL. Might be worth waiting to see what happens.

Bill

 

[chalee94]

Resale points can still be used at other DVC resorts correct? Just wondering if I read that right.

at this point, all DVC pts (resale or direct) can be used at any DVC resort at 7 months out, subject to availability.

but it is safest to buy where you want to stay if you have strong opinions of where you want to stay.

or else, buy where you don't mind staying if you are just happy to be onsite.

you could buy into SSR to save some money (upfront and dues) and try to trade into VWL (which currently seems to be relatively easy to book for 3/4 of the year or more). the down side would be that VWL is difficult to book in nov/dec and things can always change with regard to resort desirability...

 

[Dean]

If we buy resale, other than not being able to use our points on cruises and Disney Destinations, is there really anything we would be missing out on? I didn't know if there were other perks that come with owning directly through Disney or not. Because resale is really looking like the way to go right now.

You can use it for all CURRENT DVC resorts and any that are included in the current club in the future. They are doing you a favor by removing the options that are too expensive to use points for like DCL. You can also use RCI & BVTC.

You know for some reason, that line of thinking never crossed my mind! Thanks! That does make a lot of sense now and I priced out how much cheaper resale would be and it's a lot!

The only thing that may sway us would be if they do make more DVC at the lodge with a much later expiration date.

Thank you so much for all the help!

If they do an addition to VWL it'd either have to be a separate resort legally which current members wouldn't have 11 month access or they'd have to extend everyone else first before establishing it legally. Even then you'd still have potential access the same as any other owner at 7 months.

 

[KAT4DISNEY]

You can use it for all CURRENT DVC resorts and any that are included in the current club in the future. They are doing you a favor by removing the options that are too expensive to use points for like DCL. You can also use RCI & BVTC. If they do an addition to VWL it'd either have to be a separate resort legally which current members wouldn't have 11 month access or they'd have to extend everyone else first before establishing it legally. Even then you'd still have potential access the same as any other owner at 7 months.

There isn't anything that says a new contract has to be 50 years. BCV and VWL never were to start with. Couldn't another option be to keep it 2042 since other than a few possible cabins they are just talking about existing room conversions which would be far cheaper to do anyway? And then keep it at the price they currently have established - a lower priced option that might compliment Poly sales prices?

 

[chalee94]

There isn't anything that says a new contract has to be 50 years. BCV and VWL never were to start with. Couldn't another option be to keep it 2042 since other than a few possible cabins they are just talking about existing room conversions which would be far cheaper to do anyway? And then keep it at the price they currently have established - a lower priced option that might compliment Poly sales prices?

it'll be interesting to see how they handle it.

of course, if WL as a hotel does not have a strong occupancy rate, that suggests that disney is overpricing the rooms in the first place. maybe hitting a wall as far as onsite value goes.

 

[Dean]

There isn't anything that says a new contract has to be 50 years. BCV and VWL never were to start with. Couldn't another option be to keep it 2042 since other than a few possible cabins they are just talking about existing room conversions which would be far cheaper to do anyway? And then keep it at the price they currently have established - a lower priced option that might compliment Poly sales prices?

They would have 2 options to add a new option at WL. They could do a new and totally separate (legally) resort with a new RTU expiration and separate inventory. Or they could add a new section and roll it in to the current resort, inventory, etc. For the former it'd be no different than a new resort elsewhere where even the current VWL owners would only have 7 month access and vice versa. For the latter, they'd have to extend the land lease or have the new section be the same RTU expiration of 2042. Any extension would require some sort of interaction with the current owners. They have to do an extension of some sort that would extend the current VWL owners or get them to sign off on a waiver much like they did with OKW.

As for what is likely to happen, it depends on info we don't have such as volume and retail demand of the points at the current price and expiration. I'm not seeing a large volume addition expiring in 2042 but if it's fairly small it might work out. Of course they could get creative with fixed weeks, discounts, other incentives like they did early at SSR.

 

[Dean]

it'll be interesting to see how they handle it.

of course, if WL as a hotel does not have a strong occupancy rate, that suggests that disney is overpricing the rooms in the first place. maybe hitting a wall as far as onsite value goes.

Historically it's had strong sales second only to the Poly in repeat guests on the hotel side. I don't know if this has changed lately but I doubt it.

 

[teeitup]

Did you go with the VWL?