What's the minimum amount of cash needed to buy it in to DVC?

[ethanwa]

What's the minimum amount of cash needed to buy it in to DVC, assuming I didn't finance?

Let's assume that I'd buy it at the lowest resort with the least amount of points, just to get my foot in the door.

Just curious.

 

[lovin'fl]

You could buy resale for very little. The cheapest at WDW is OKW and SSR...the cheapest overall is Vero Beach and then Hilton Head. You can get 25 point contracts on up. Closing costs and 2012 MFs would also be charged, but some folks have the buyer pay for one or both. Look at this thread and see what EACH RESORT IS GOING FOR/POINT:
http://www.disboards.com/showthread.php?t=2661661
iT'S THE ANYONE MADE IT THROUGH rofr RECENTLY THREAD
GO TO THE LAST 5 PAGES FOR MOST CURRENT INFO

 

[Hunclemarco]

As Mentioned, Resale is the least expensive, but there are a few restrictions as to how the points can be used.
Buying Direct from Disney gives full use of the points.
There are pro's and con's to buying Resale vs. Direct. If i can find the post, i'll add it to this thread.

 

[Crazy4Disney06]

Our offer was just accepted for $55 dollars per point on a 50 point contract....after fees and closing cost we will only be out $3410! Not bad in my opinion.

 

[lovin'fl]

Here are the benefits of buying direct through DVC:
1- get points right away (resale takes 6-8 weeks or more sometimes)
2- you can finance
3- no closing costs (but count on paying @$30-50/point more for the contract...we just bought HHI at $50/point and DVC is selling those for $80/point...DVC is selling BLT for $150/point and you can get resales in the 90s)
4- you can pick your use year and number of points-sometimes there is a minimum. (Resale you may have to hunt around and wait for the perfect contract)
5- you get a fully loaded contract (some resales are stripped of points)
6- you get full use with no restrictions (resale points cannot be used for cruises and the regular Disney resorts, but can still use at any DVC and trade into RCI).

Here are the benefits of buying resale-
1- it's way way cheaper

 

[lovin'fl]

Our offer was just accepted for $55 dollars per point on a 50 point contract....after fees and closing cost we will only be out $3410! Not bad in my opinion.

We just sent our cashiers check for @$4000 for our 75 points at HHI. Not bad at all.

 

[Crazy4Disney06]

We just sent our cashiers check for @$4000 for our 75 points at HHI. Not bad at all.

Congrats! Not bad at all!

 

[lovin'fl]

Congrats! Not bad at all!

I hope you have a speedy and successful ROFR and closing.

 

[lovin'fl]

I just looked through all the resales that went through since April 1 (on the thread I put in my first message). The cheapest (not cheapest per point, but cheapest total) was 25 points at VB for $37/point. That's $925 plus any closing costs or MFs. That buyer actually bought 2 contracts (both 25 points at VB) at the same time.

 

[disneynutz]

What's the minimum amount of cash needed to buy it in to DVC, assuming I didn't finance?

Let's assume that I'd buy it at the lowest resort with the least amount of points, just to get my foot in the door.

Just curious.

It's not the buy in that will get ya, it's the dues and cost of going to WDW.

A 100 point SSR contract and a vacation at WDW for 2 adults will cost around $170,000 for the life of the contract.

Bill

 

[luckyman_apd]

It's not the buy in that will get ya, it's the dues and cost of going to WDW.

A 100 point SSR contract and a vacation at WDW for 2 adults will cost around $170,000 for the life of the contract.

Bill

Yeah, but I don't think you can look at it that way. $170,000 over the next 42 years. And that number is very speculative. Everyone's expenses will vary based on their vacation habits. The simplest way to view cost is to take your buy in (say 100 points at $65) Then take the number of points you are getting (so 100 points at SSR would 4200 points to use over the next 42 years) Take the buy in price and divide the # of points. The answer will give you you points cost per point. Then add the price of dues. So in the example above you are looking at $1.55 per point every year from the buy in. This year Dues are $4.73 per point. So this year you will be paying $6.28 per point. Everyone's cost will be different based on inititial cost/dues/points/and contract date. Next year you will pay more as dues will go up some.

To see if it is "worth it" you need to evaluate your travel habits. If you start increasing you trips to WDW because you bought in, then it is going to cost you more than you would have spent without the ownership. If you are traveling to WDW frequently, and plan to do so, then buyin in could be a money saver. Bill points out that is a long term term involvement that WILL cost you money every year. But if your plans had you traveling to WDW anyway, than it truly can be a $ saver. Just know what you are purchasing before you do it.

 

[bakerworld]

We bought because we found ourselves going 2 or 3 times a year on AP discounts and staying at BC/YC - not the CBR like with the kids. Probably should have checked out the resale market but buying direct was just too easy.