Winter Dec 25 - Jan 26 Direct Incentives

[Sandisw]

Resale perks waved bye-bye a long time ago. Disney would have to be especially punitive to stick it to resale buyers at this point:

1. Early Entry / Extended evening hours
2. Advanced Lightning Lane and/or dining reservation windows
3. Free Parking
4. Free Wifi

Getting rid of these (for resale points only) would not only be hostile, but hard to actually implement. Not sure if it would even violate the contract if the perks are considered to come with the room.

The silver lining is that Disney has exhausted viable options for hurting resale, and the only remaining options are to improve direct benefits.

Those have nothing to do with DVC so they can’t be taken away from resale owners.

The contract gives us the right to all onsite programs/amenities that cash guests get and that applies to all DVC owners.

So, they are tied to being guests at WDW. The only way those go away if Disney gets rid of them. Like DME…when that ended, it ended for everyone.

 

[airjay75]

I'm now wondering why didn't DVC just restict all resale contracts to the home resort? We can still book the O14 with resale. Is it a contractual thing? If not, I can totally see them doing this in the future, while grandfathering existing resale owners.

Others are probably better versed in the history here, but I don't think that was or is a possibility under the terms of the O14 resorts. The most they could do is what they did - restrict those points from being exchanged into new resorts admitted to BVTC (the Buena Vista Exchange Company, which is how we are all able to exchange our points at the 7-month mark). There was/is somewhat of a controversy as to whether it was actually legal to admit RIV/VDH/CFW to BVTC because the terms on which they have been admitted are arguably not comparable to the O14 resorts, and there are some requirements under our governing documents for them to be comparable. You can find a lot of old threads on here discussing this at length.

All that said, if DVD could have restricted all resale, I think they would have. To date, I think the resale restrictions are doing exactly what they were intended to do - encourage people to buy direct instead of resale.

 

[Sandisw]

I'm now wondering why didn't DVC just restict all resale contracts to the home resort? We can still book the O14 with resale. Is it a contractual thing? If not, I can totally see them doing this in the future, while grandfathering existing resale owners.

Each resort enters into BVTC with its own rules. So, the DVC resort agreements for the O14 all entered with the rule that they would allow trading into their resort by all owners of the other resort in exchange for letting those owners do the same.

RIV, VDH and CFW entered with different DVC resort agreements.

Those entered with the rule that they would not allow resale points to be used there in exchange for their resale owners to be prohibited from being used at the other resort, beginning in 2019 when RIV opened.

They grandfathered in resale points owned prior to 2019 because the POS had language that said any new resorts would have similar rules…but they removed that moving forward.

 

[SugarSweetLee]

I’m not sure how to respond to this. I believe my comment was in regards to why someone would ever buy Aulani direct. If someone who is West Coast based wants home resort priority at Aulani & the ability to use the points at VDH within 7m from time to time, but would never use the 11m window then AUL direct (especially with an on property special deal) could be a good way to go.

No worries! Your comment was responding to my original post about 1) the onsite offers we received and 2) wanting to buy a resale contract sometime, so I thought it was directed at me.

 

[Genie+]

They grandfathered in resale points owned prior to 2019 because the POS had language that said any new resorts would have similar rules…but they removed that moving forward.

This is the part I don’t really understand. It doesn’t concern me personally because we bought after 2019.

For all the direct buyers going back to 1991, why should their contracts terms after reselling be any different whether they chose to sell in 2018 or 2020? They all had the same/similar contracts. How does one owner from the original BCV sales get to sell their contract with zero resort restrictions, and another owner who bought that same week way back then not have the same right? They both bought under the same contract.

 

[Sandisw]

This is the part I don’t really understand. It doesn’t concern me personally because we bought after 2019.

For all the direct buyers going back to 1991, why should their contracts terms after reselling be any different whether they chose to sell in 2018 or 2020? They all had the same/similar contracts. How does one owner from the original BCV sales get to sell their contract with zero resort restrictions, and another owner who bought that same week way back then not have the same right? They both bought under the same contract.

Because the contract allows the DVc Resort Agreement to be amended.

RIV entered blocking resale…so technically all resale could be banned.

However, DVD decided to grandfather those prior to 2019 because of the initial language in the DVc resort agreement that mentions new resorts would have substantially similar rules.

So, they updated the terms so anyone buying since 2019 are buying with the resale restrictions in play.

Now, some believe it could be challenged. My guess is DVD feels confident they could do it because it’s been added to VDH and CFW as well.

The reason they can’t make rules different for using the home resort is because FL timeshare law doesn’t allow that.

But trading is different and those rules can be amended.

 

[Genie+]

Because the contract allows the DVc Resort Agreement to be amended.

RIV entered blocking resale…so technically all resale could be banned.

However, DVD decided to grandfather those prior to 2019 because of the initial language in the DVc resort agreement that mentions new resorts would have substantially similar rules.

So, they updated the terms so anyone buying since 2019 are buying with the resale restrictions in play.

Now, some believe it could be challenged. My guess is DVD feels confident they could do it because it’s been added to VDH and CFW as well.

The reason they can’t make rules different for using the home resort is because FL timeshare law doesn’t allow that.

But trading is different and those rules can be amended.

That is helpful. Thanks!

 

[Smooth_Whiskey]

Bout to make a poor DVC sale person go through the process knowing I'm gonna back out afterward. I just need to see the CCV numbers. Why am I like this?!

 

[juliebee]

Bout to make a poor DVC sale person go through the process knowing I'm gonna back out afterward. I just need to see the CCV numbers. Why am I like this?!

You mean these numbers? - https://dvcexplorer.com/fin/m/CopperCreek_Member_DeveloperCredit.pdf

 

[Girlstar30]

You mean these numbers? - https://dvcexplorer.com/fin/m/CopperCreek_Member_DeveloperCredit.pdf

255 per point I didnt know that

 

[Disney Spaz]

Bout to make a poor DVC sale person go through the process knowing I'm gonna back out afterward. I just need to see the CCV numbers. Why am I like this?!

If you find out if they still do 5 year financing can you post and let us know please? All the current numbers only show 10yr and 15yr financing. I am debating a small add on but until DS's wedding in three weeks I don't want to even reach out to our guide. They are getting married in WDW and I promised DH I won't even think about an add on until after the wedding.

 

[atthebeachclub]

If you find out if they still do 5 year financing can you post and let us know please? All the current numbers only show 10yr and 15yr financing. I am debating a small add on but until DS's wedding in three weeks I don't want to even reach out to our guide. They are getting married in WDW and I promised DH I won't even think about an add on until after the wedding.

You could finance it as ten but pay off as five instead. That’s the best of both worlds if financing, and offers you extra flexibility if needed.

 

[Girlstar30]

I forced myself to do the 4 year with resale with the intention of paying off early because 15 years is just dangerous.

Can totally picture me paying the bare minimum and planning more vacations with the "extra" $$

 

[Disney Spaz]

You could finance it as ten but pay off as five instead. That’s the best of both worlds if financing, and offers you extra flexibility if needed.

I always prep for worst case scenario as if I had to take the full 5 years due to some emergency I have not thought of yet. Crazy yes but I prefer to be prepared. Also I am like Girlstar30 and would totally justify more points or more trips. If I force myself to finance at most 5 yrs then I know I can only do so much damage.

We financed our first contract at VGF for 150 points the day they went on sale to new members. We did it over 10 years and knew we may take the full ten years to pay it off. We had two in college and a 6yr old. I have zero regrets and know how much more it cost me but the memories were worth it. That being said we are in a much better financial situation now and only have the youngest left at home and in college. She is applying for grad schools and I like the flexibility of knowing if I needed to take the time I could. I don’t know if I could happily commit to ten years again.

 

[Girlstar30]

I always prep for worst case scenario as if I had to take the full 5 years due to some emergency I have not thought of yet. Crazy yes but I prefer to be prepared. Also I am like Girlstar30 and would totally justify more points or more trips. If I force myself to finance at most 5 yrs then I know I can only do so much damage.

We financed our first contract at VGF for 150 points the day they went on sale to new members. We did it over 10 years and knew we may take the full ten years to pay it off. We had two in college and a 6yr old. I have zero regrets and know how much more it cost me but the memories were worth it. That being said we are in a much better financial situation now and only have the youngest left at home and in college. She is applying for grad schools and I like the flexibility of knowing if I needed to take the time I could. I don’t know if I could happily commit to ten years again.

At least we are self aware I would like to know the answer to your original question too if anyone knows

 

[atthebeachclub]

Finance ten, pay off at your preferred speed! I suspect this can be automated? Or if not, you can just give yourself an automated reminder to top off your payment with a principle only payment every month.

I financed at 15 years but plan to pay off in under six month (once a few items settle into place). I like the lower payment option if needed. After regretting choosing 15 year mortgage on our family hobby farm (too short! Not flexible! Payments are big! And all mortgage rates are much higher now, so we’re “stuck”!), I will now happily take the longest available financing time period.

 

[Girlstar30]

Finance ten, pay off at your preferred speed! I suspect this can be automated? Or if not, you can just give yourself an automated reminder to top off your payment with a principle only payment every month.

I financed at 15 years but plan to pay off in under six month (once a few items settle into place). I like the lower payment option if needed. After regretting choosing 15 year mortgage on our family hobby farm (too short! Not flexible! Payments are big! And all mortgage rates are much higher now, so we’re “stuck”!), I will now happily take the longest available financing time period.

Thank you for justifying my desire for a 15 year myself. Youre right, we can pretend its five years and figure out how much that would be monthly and pay it. Flexibility is important. happens. Lots of uncertainty.

 

[Dafoo17]

Is the new member DVC sheet for Poly correct? The new incentives are (6, 9, 12, 14), right?