Buying BWV/BCV from DVC

[johnb]

I'm looking at the plusses and minuses of buying from DVC vs. resale.

If I buy at BWV from DVC, do maintenance fees start right away or not until January of the next year?

If I buy resale, maintenance fees are negotiabe with the owner, correct?

I guess what I'm really getting at is how much (ballpark) would I save buying resale vs. from DVC?

[tjkraz]

If you buy from DVC, you will pay a flat $92 per point and you will pay a pro-rated share of the 2006 dues based upon your closing. If you were to close around the end of February, you'd pay 10/12ths of the 2006 dues.

One potential pitfall here is that DVC has to have the points to sell you. If you aren't picky about your Use Year, they may have some points in stock from ROFR to sell you right away. If not, you may have to wait a bit.

If you go resale, everything is negotiable. My understanding is that most sellers will insist on the buyer paying the maintenance on any current year points that are available plus the closing costs. Some resale contracts are "stripped" or have already had their current year's points borrowed and used. On such contracts you probably won't be asked to pay any maintenance, but you also won't have any points to use for a year or so.

[jnrrt]

johnb,

This is a very great generalization on my part, but I've kind of assumed after looking at them all that you probably will not save enough money on BCV going resale to make it worth the extra hassle. So if I wanted that property, I'd probably go through DVC. Of course, having said that, those points are very hard to come by, and often Disney doesn't have any, so many people buy those resale, not because they're going to save money, but just because they are then able to get them.

For BWV, you will probably save some money depending on the contract. If you are patient, you may be able to get a contract with banked points will will also help your bottom line, especially if you rent them, or have a use for the extra points now. But you have to factor in the annoyance of waiting for ROFR. I think it's about the same stsory for VWL.

For Vero, HH, OKW and to a lesser degree SSR, I think you can save a pretty significant amount of money going resale.

[greenban]

johnb,

This is a very great generalization on my part, but I've kind of assumed after looking at them all that you probably will not save enough money on BCV going resale to make it worth the extra hassle. So if I wanted that property, I'd probably go through DVC. Of course, having said that, those points are very hard to come by, and often Disney doesn't have any, so many people buy those resale, not because they're going to save money, but just because they are then able to get them.

For BWV, you will probably save some money depending on the contract. If you are patient, you may be able to get a contract with banked points will will also help your bottom line, especially if you rent them, or have a use for the extra points now. But you have to factor in the annoyance of waiting for ROFR. I think it's about the same stsory for VWL.

For Vero, HH, OKW and to a lesser degree SSR, I think you can save a pretty significant amount of money going resale.

Just to point out that I waited 1 day shy of 7 months for Dec UY BCV points, and I bought all they had, 73 or 79, I don't remember. And I am still waiting for September UY points, thats 11 months now! I think you have a better chance of sucess with resale, but in my case I've been on so long, I get the points one price increase earlier, so I paid $89.00 pp from Disney, which did beat resale. If my Sep. UY points come in before the next price increase they will also be at $89.00, if after they will be $92.00 instead of the 'newest' price.

-Tony

[jaysue]

Just to point out that I waited 1 day shy of 7 months for Dec UY BCV points, and I bought all they had, 73 or 79, I don't remember. And I am still waiting for September UY points, thats 11 months now! I think you have a better chance of sucess with resale, but in my case I've been on so long, I get the points one price increase earlier, so I paid $89.00 pp from Disney, which did beat resale. If my Sep. UY points come in before the next price increase they will also be at $89.00, if after they will be $92.00 instead of the 'newest' price.

-Tony

I did not know they locked down your price based on you being on the waitlist (I assume with your cc deposit taken)

Just being curious - wonder if the price is a 2 way deal or 1 way - i.e. if price goes down are you on the waitlist for the higher price? (unlikely but always good to know)

Thanks for the info

cheers
jaysue

[greenban]

I did not know they locked down your price based on you being on the waitlist (I assume with your cc deposit taken)

Just being curious - wonder if the price is a 2 way deal or 1 way - i.e. if price goes down are you on the waitlist for the higher price? (unlikely but always good to know)

Thanks for the info

cheers
jaysue

The deal (as explained to me with lots of pictures, and in a slow, calm voice) is that, at the time of your waitlisting, you can get either the current price when the waitlist comes in, or the prior price (but only one 'period' prior). So if you signed up in January at $92.00 per point, and in March they went to $95.00 a point, and then July $99.00 a point, and then, and then, and then (sorry Brain Fart!) in August, your points came in, you could pay either $99.00 or $95.00 a point. I would ASSuME most would choose the lower rate.

-Tony

[johnb]

Thanks everyone. After looking at the BCV vs. BWV issue, and considering that we'd be ore likely to get a better deal buying BWV resale, my mind is made up. DW likes the look of the BW, I like the restaurants/entertainment, I showed the kids some pictures of Luna Park and they approved.

Now it's just a matter of scraping together a decent down payment.

[jaysue]

The deal (as explained to me with lots of pictures, and in a slow, calm voice) is that, at the time of your waitlisting, you can get either the current price when the waitlist comes in, or the prior price (but only one 'period' prior). So if you signed up in January at $92.00 per point, and in March they went to $95.00 a point, and then July $99.00 a point, and then, and then, and then (sorry Brain Fart!) in August, your points came in, you could pay either $99.00 or $95.00 a point. I would ASSuME most would choose the lower rate.

-Tony

Interesting - so the wait list carries price risk as well

Thanks!

cheers
jaysue

[PoohsPal]

Good luck johnb!!!! :dust: for ROFR

[Pumpkinboy]

Thanks everyone. After looking at the BCV vs. BWV issue, and considering that we'd be ore likely to get a better deal buying BWV resale, my mind is made up. DW likes the look of the BW, I like the restaurants/entertainment, I showed the kids some pictures of Luna Park and they approved.

Now it's just a matter of scraping together a decent down payment.We love our BWV! I hope you enjoy it there too.

As for the "downpayment" you refer to, if you're planning to go the resale route, you are going to need the whole purchase price up front. You can only finance if going directly through Disney.

Good luck!

[jnrrt]

Good luck, johnb!

We also love our BWV, and we kicked around the idea of every possible resort before choosing. As I said, now the problem is just that we'd like to own almost everywhere! But we don't regret our choice one bit.

One more thing, a lot of people buying resale finance it by taking a home equity loan, and that seems a cost effective way of both buying resale, and not paying crazy interest rates. You put down what you can, and finance the rest, as long as you're comfortable with that. As Pumpkinboy said, if you go resale, you have to find your own financing, but if direct form Disney, they'll finance it for you.

[johnb]

Good luck, johnb!

We also love our BWV, and we kicked around the idea of every possible resort before choosing. As I said, now the problem is just that we'd like to own almost everywhere! But we don't regret our choice one bit.

One more thing, a lot of people buying resale finance it by taking a home equity loan, and that seems a cost effective way of both buying resale, and not paying crazy interest rates. You put down what you can, and finance the rest, as long as you're comfortable with that. As Pumpkinboy said, if you go resale, you have to find your own financing, but if direct form Disney, they'll finance it for you.

That's what I was planning on doing. I guess I mistyped/misspoke when I said "down payment". My plan is to save up enough so that the payment on what I finance via home equity loan is less than $100/month (not counting maint. fees). I'm looking to buy a contract of 150-160 points, which will be enough for the whole family to go every other year and DW and I to have the occasional getaway using whatever points are left.