VWL resale at $ 65 a pt???

[Ed T]

Someone is looking to sell VWL 170 pts at $ 65 a pt on the resale market. Even with paying the closing cost that works out to $ 67.65 a pt. That should go quickly.

Ed

 

[HookdonWDW]

I think that it is a fair deal, but by no means a GREAT deal IMHO. By my calculations, even if you figure out closing costs as only $500.00, that equals out to $2.94/point, bringing the point cost to $67.94/point, which is only $2.06/point off of what you would pay directly through DVD for BCV.

To figure out how much of a deal this is, you would have to look at financing v. cash, whether or not points have been banked or borrowed, and what the use year is. The way I figure it , you are saving about $350.20 over purchasing 170 BCV points directly from DVD.

 

[invalid_char]

With BCV essentially going for $70 pp, I also do not think this is a great deal. If you really want VWL as opposed to BCV I suppose it might be an OK deal, depending on all other considerations mentioned in the post above.

 

[drusba]

Adding to the above response--if you need to finance through a creditor that does timeshare financing then it is highly likely that your resulting total price will be higher than going through Disney. Disney's rates are usually 2 or more percentage points below regular timeshare lending market rates and that difference in finance charges would result in your paying total dollars more for the resale than going through Disney.

 

[crisi]

Or your could finance on a home equity loan and pay 2 points less than Disney.

The VWL resale I saw had plenty of points for this year, points banked from last year (and of course, no points borrowed from next year) at $65 a point. It sold in a day.

 

[friskykitten]

Disney financing and Tammac are both the same rates. They both are offering rates of 11.5%. Disney is much easier to get approval through though!!

 

[Caskbill]

Our home equity loan is currently 4.75%. I would never think of financing any other way.

 

[friskykitten]

Of course, you DO have to own a home before you can take out that lovely home equity loan!! My home is still in my parents name until they leave this earth. And I am not wanting that to happen for a VERY long time!!

I did check out a personal loan rate today that varied between 10-12%. Kind of shocked me!!