⚠️ PLEASE NOTE: We have listed an inaccurate price per point for the Cabins at Fort Wilderness. However, the math for the price pwr year [$2880] is accurate. I apologize for any confusion thisnmay have caused and appreciate the understanding.
Your videos have been very helpful. My wife and I deliberated for a year whether to buy or not, we’re now headed into closing on a 150pt Poly resale. Our methodology on resale was this is purely prepaid hotel where we wanted to stay and nothing more, and the math resale vs direct was based on blue card discounts 20% food and merch at one trip a year. At 150 pts: $140/pt resale vs $250/pt direct (allegedly) is a savings of $16,500. To make up for 20% merch and food discount over any period of time would mean $82,500 of combined spend before we break even on a direct., obviously ignoring the rest of the incidental (and meager) perks of blue card. With a 2 and 4 year old now going annually for the next 20 years I have a really hard time justifying direct. If D*sney decided to give really meaningful savings on things like tickets (lol) that math changes dramatically but given managements current posture jacking up prices for everything it will never happen, which is poor treatment for an extremely loyal customer base. Just my opinion obviously.
Thanks! We're glad you find our conversations helpful and CONGRATS 🥳 on becoming Members. It's so much to think about isn't it!? You've got the right mindset though, at least in our opinion, when going resale: buy where you want to stay! Poly's a great choice too! Yeah. . . . I'll be hoenst with you. . . . I'm still very salty about DVC's decision to not offer discounts on tickets [particularly APs - 'cause that "discount" they are offering is NOT a discount. . . but that's a discussion for another day].
We owned 4 DVC contracts prior to moving to FL. When we moved to FL we had owned our VGF contract for 10 years and had used those points every year since purchasing them. When we sold we got the exact price we had purchased them for in 2013. It certainly cost us the dues each year but we NEVER would have gotten the same vacation experience if we didn’t have that “Free” contract. We still have our other contracts which we use for Aulani and visiting family.
You did a great job in comparing these resort costs. but for me, i only compare the resorts where i want to stay. (Poly, BLT, BWV, VGF) Then when comparing contracts i take the math down to the price per point instead of price per year. I dont mind having a contract expire in 2042 that is reflected in the price per point ( contract purchase price plus number of years left on contract times the number of points in the contract to calculate dues costs and then divide that by the number of total points). i also wont be using the DVC points in 2060.......😃 I do like Kidani but i dont have to own there to get a reservation there fairly easily.
What would be interesting is if you took the cost a step further and broke down average number of nights you get to stay at each resort and how much on average you're paying per night, type of room and comparing against rack rate. I did that in my head with a basic 100 point Copper Creek contract and found it interesting.
I think you make some great points with this video. We just closed on our first contract, resale. We did look into direct but we didn't want Riviera or FW Cabins. So we weren't really given a choice. It was buy resale or pay a huge premium of $250 a pt or higher to get a resort we wanted from Disney. Well that's not much of a choice at all when you compare Copper Creek resale around $130ish resale vs $250 direct. We do plan to buy direct someday when Disney sells something we want. Maybe Poly? It depends on if new Poly will be restricted. Anyway thank you for all your videos they helped convince us it was still a good idea to buy in despite some of Disney's recent missteps.
I ran it a different way just looking at one resort. Riviera - new vs resale. Followed your criteria 175 pts and keeping maintenance cost flat for the remainder of contract. So inputs price per point - 120 / 225. Dues - 8.85. Contract expiration - 2070 / 46 yrs remain. Results: cost per year is 2005 vs 2404. So resale you save $400 per year, roughly paying 20% more to get blue card. Another way i like to think about DVC is in terms of 'ownership' so if you buy direct contract costs $39375. Buy the time your contact is up you would have spent (flat no adjustment) $71242.50. Together that comes out to $110,617.50. So your ownership stake is only the 39k part of it or 35% of the total $ spent. It would be like buying a $32k car and through its life putting in another $60k to keep it running. Maybe just uber....
The only problem with the Riviera to Riviera comparison is that you're getting something very different when you buy direct versus resale with Riviera due to resale restrictions. Yes, you're saving $400 per year, but you also can ONLY stay at the Riviera when you buy Riviera resale. . . . nowhere else. In other words. yes you're getting that $400 savings but you're also getting significantly less for your money [like 90% less if you think about it] because you'll be so limited. Again, this might be great for the right family. However, having the ability to only stay at Riviera [or only one resort in general 'cause that is also true for Disneyland and the FW Cabins] means you will have to be very flexible with when you can stay because if it's booked during when you want to visit. . . you're done. If you buy direct you can literally stay anywhere else. Anyway, that's why we didn't use a Riviera to Riviera example in this particular comparison. . . cause it's really no comparison. Thanks for commenting and sharing your thoughts. Also, we really appreciate you taking the time to do the math! 😊
@2foolishmortals i just used it because it is an actively selling prop that has direct and dvc at the current time. When poly comes online, this exercise will be more fruitful. Agree with you the restrictions are huge but it really hasnt impacted price as much as you would think. 125 is in line with other non-monorail DVC properties. I would think resale should be lower than saratoga because of the restrictions but it isn't surprisingly.
@@justinbaker2883 I agree. You'd think it would be lower given the restrictions. I think the reason its not though is thanks to ROFR. I don't have any personal experience with this, so hang in there with me for a sec, but my understanding is that DVC is more likely to buy back underpriced or low priced contracts within that 30 day ROFR period. So if you're wanting to unload a contract, there seems to be a sweet spot to put that price so if DVC does exercise their ROFR you're not getting lowballed. I think that's why we are seeing Riviera where it is. . . . especially with it being so new.
@2foolishmortals i agree with everything your saying. Again i was just doing this to get a price difference between direct and resale. Its all a lil smoke and mirrors. Disney can offer up killer incentives like they did last year with GrandFlo and bring the gap closer. I would say the difference is usually between 15-25%. With some extremes popping up from time to time. Would love a vid on your opinion of the health of DVC given the lack of ROFR. Prices are dropping like a rock and Disney is only buying back some GrandFlo contracts.
@@justinbaker2883 I'll add that to my list! 😀 Also, sorry if I seemed argumentative. . . I was just chatting while enjoying my morning coffee before heading out for the day. [I know text can sometimes come off different than we intend.] 😊 Enjoy your day. Thanks for the convo.
Let’s not forget the points per night per resort are very different. OKW is one of the lowest points per night and Riviera is one of the highest for the same size room. Most of the rooms are RIV are preferred view with a limited amount of standard view. So if you really want to compare costs. You would need to calculate cost per night. Then you’ll see OKW is cheaper than RIV per night. So if you look at the point charts at travel season 5. A week at OKW is 99 points for a studio, while at RIV standard is 139 and preferred is 176. That is a 40% and a 77% increase in points for the week.
I am so glad to hear that you find these discussions useful. DVC is a lot to think about for sure and that's one of the reasons we want to at least have these conversations so that the gears start turning. . . . especially on things that you moght not be thinking about. 😀
Thank you for pointing out my mistake. 😅 The price per point listed on this chart is inaccurate [sorry about that] the price per year, however, is not. We just redid the math and went back to our previous video about the cabins as well and the cost per year is $2880 over thay 50 years. 😊
@@2foolishmortals OK sweet as long as the price per year is accurate the math still works out. The cabins are fairly expensive. The only thing saving them is the points chart (175 points goes farther there than many other resorts). Still, as I've mentioned before, they're not for me. Which is fine. Riviera came out smelling like a rose here, I'd say. Just like the lobby.
Surprised that Poly seemed like one of the better deals. 😂Especially with it being a 🚝 resort. That being said, while I find DVC videos interesting I am not actually interested in buying into DVC. 🤷♀️ I'm a park girl so I'm just not at Any resort enough to warrant the costs for Deluxe Hotels or even moderate, honestly. And lately this cheap girl has been staying off property. I want to be in the parks not my room. 🤷♀️ But as a numbers 🤓 I loved the video.
Ehh. . . . it's not for everyone. 🤷♀️ Personally, I'm all about cutting costs wherever it makes sense to do so. When we first became Members, DVC was a great way to do that given our circumstances. There are so many other GREAT options nowadays though, including our personal favorite options. . . "grey area hotels" located on property but not owned and operated by Disney. I gotta ask thoug. . . do you have an off property place that you gravitate towards or it it just a "this is the best deal right now so this will do" option? Glad you enjoyed the video though. It is fun to run the numbers and see what it REALLY costs/looks like.
Thanks! The comparison we were drawing were between the 3 available resale contracts for 175 points that I could find and the 2 newest properties currently on the market for buying direct. Old Key West [like other older properties] can be purchased direct and in that case it would expire in 57. . . but we weren't talking about a direct Old Key West contract so it would have an expiration date of 42. Hope this helps clear up what it is the thought process is here.
That would have been interesting and quite a lot of numbers to crunch considering the number of resorts that make up DVC. However, the point is to illustrate the differences between buying DVC Direct versus Resale. As you can see, even if we are looking at brand new contracts, the price difference per year isn't as great as you might expect. That said, I thought you had an interesting question so I crunched the numbers for OKW and without taking current deals buying direct into account, if you bought OKW direct you're paying about $270 more per year. You're also getting a contract that expires in 32 years versus 18 AND have discounts and benefits that will more than make up for that additional cost per year. Of course, numbers will vary per resort
Typically you're better off buying a new resort if you want to buy direct. Disney usually doesn't offer any incentives for the sold out resorts because they want to sell the new inventory. Exceptions exist and always check with DVC before making a decision. "Buy where you want to stay" comes into effect here I would say.
@@RoastBeefSandwich That's honestly why I didn't do the resort direct to resort resale comparison. Plus. . . another detail that is important to note when thinking about buying an older contract direct is that they have limited availability/stock. Even when looking up OKW to crunch these numbers real quick it's stated right on the site.
⚠️ PLEASE NOTE: We have listed an inaccurate price per point for the Cabins at Fort Wilderness. However, the math for the price pwr year [$2880] is accurate. I apologize for any confusion thisnmay have caused and appreciate the understanding.
Your videos have been very helpful. My wife and I deliberated for a year whether to buy or not, we’re now headed into closing on a 150pt Poly resale. Our methodology on resale was this is purely prepaid hotel where we wanted to stay and nothing more, and the math resale vs direct was based on blue card discounts 20% food and merch at one trip a year.
At 150 pts: $140/pt resale vs $250/pt direct (allegedly) is a savings of $16,500. To make up for 20% merch and food discount over any period of time would mean $82,500 of combined spend before we break even on a direct., obviously ignoring the rest of the incidental (and meager) perks of blue card. With a 2 and 4 year old now going annually for the next 20 years I have a really hard time justifying direct.
If D*sney decided to give really meaningful savings on things like tickets (lol) that math changes dramatically but given managements current posture jacking up prices for everything it will never happen, which is poor treatment for an extremely loyal customer base. Just my opinion obviously.
Thanks! We're glad you find our conversations helpful and CONGRATS 🥳 on becoming Members. It's so much to think about isn't it!? You've got the right mindset though, at least in our opinion, when going resale: buy where you want to stay! Poly's a great choice too!
Yeah. . . . I'll be hoenst with you. . . . I'm still very salty about DVC's decision to not offer discounts on tickets [particularly APs - 'cause that "discount" they are offering is NOT a discount. . . but that's a discussion for another day].
We owned 4 DVC contracts prior to moving to FL. When we moved to FL we had owned our VGF contract for 10 years and had used those points every year since purchasing them. When we sold we got the exact price we had purchased them for in 2013. It certainly cost us the dues each year but we NEVER would have gotten the same vacation experience if we didn’t have that “Free” contract. We still have our other contracts which we use for Aulani and visiting family.
You did a great job in comparing these resort costs. but for me, i only compare the resorts where i want to stay. (Poly, BLT, BWV, VGF) Then when comparing contracts i take the math down to the price per point instead of price per year. I dont mind having a contract expire in 2042 that is reflected in the price per point ( contract purchase price plus number of years left on contract times the number of points in the contract to calculate dues costs and then divide that by the number of total points). i also wont be using the DVC points in 2060.......😃
I do like Kidani but i dont have to own there to get a reservation there fairly easily.
What would be interesting is if you took the cost a step further and broke down average number of nights you get to stay at each resort and how much on average you're paying per night, type of room and comparing against rack rate. I did that in my head with a basic 100 point Copper Creek contract and found it interesting.
I think you make some great points with this video. We just closed on our first contract, resale. We did look into direct but we didn't want Riviera or FW Cabins. So we weren't really given a choice. It was buy resale or pay a huge premium of $250 a pt or higher to get a resort we wanted from Disney. Well that's not much of a choice at all when you compare Copper Creek resale around $130ish resale vs $250 direct. We do plan to buy direct someday when Disney sells something we want. Maybe Poly? It depends on if new Poly will be restricted. Anyway thank you for all your videos they helped convince us it was still a good idea to buy in despite some of Disney's recent missteps.
I ran it a different way just looking at one resort. Riviera - new vs resale. Followed your criteria 175 pts and keeping maintenance cost flat for the remainder of contract. So inputs price per point - 120 / 225. Dues - 8.85. Contract expiration - 2070 / 46 yrs remain.
Results: cost per year is 2005 vs 2404. So resale you save $400 per year, roughly paying 20% more to get blue card.
Another way i like to think about DVC is in terms of 'ownership' so if you buy direct contract costs $39375. Buy the time your contact is up you would have spent (flat no adjustment) $71242.50. Together that comes out to $110,617.50. So your ownership stake is only the 39k part of it or 35% of the total $ spent. It would be like buying a $32k car and through its life putting in another $60k to keep it running. Maybe just uber....
The only problem with the Riviera to Riviera comparison is that you're getting something very different when you buy direct versus resale with Riviera due to resale restrictions. Yes, you're saving $400 per year, but you also can ONLY stay at the Riviera when you buy Riviera resale. . . . nowhere else. In other words. yes you're getting that $400 savings but you're also getting significantly less for your money [like 90% less if you think about it] because you'll be so limited.
Again, this might be great for the right family. However, having the ability to only stay at Riviera [or only one resort in general 'cause that is also true for Disneyland and the FW Cabins] means you will have to be very flexible with when you can stay because if it's booked during when you want to visit. . . you're done. If you buy direct you can literally stay anywhere else.
Anyway, that's why we didn't use a Riviera to Riviera example in this particular comparison. . . cause it's really no comparison.
Thanks for commenting and sharing your thoughts. Also, we really appreciate you taking the time to do the math! 😊
@2foolishmortals i just used it because it is an actively selling prop that has direct and dvc at the current time. When poly comes online, this exercise will be more fruitful. Agree with you the restrictions are huge but it really hasnt impacted price as much as you would think. 125 is in line with other non-monorail DVC properties. I would think resale should be lower than saratoga because of the restrictions but it isn't surprisingly.
@@justinbaker2883 I agree. You'd think it would be lower given the restrictions. I think the reason its not though is thanks to ROFR. I don't have any personal experience with this, so hang in there with me for a sec, but my understanding is that DVC is more likely to buy back underpriced or low priced contracts within that 30 day ROFR period. So if you're wanting to unload a contract, there seems to be a sweet spot to put that price so if DVC does exercise their ROFR you're not getting lowballed. I think that's why we are seeing Riviera where it is. . . . especially with it being so new.
@2foolishmortals i agree with everything your saying. Again i was just doing this to get a price difference between direct and resale. Its all a lil smoke and mirrors. Disney can offer up killer incentives like they did last year with GrandFlo and bring the gap closer. I would say the difference is usually between 15-25%. With some extremes popping up from time to time. Would love a vid on your opinion of the health of DVC given the lack of ROFR. Prices are dropping like a rock and Disney is only buying back some GrandFlo contracts.
@@justinbaker2883 I'll add that to my list! 😀 Also, sorry if I seemed argumentative. . . I was just chatting while enjoying my morning coffee before heading out for the day. [I know text can sometimes come off different than we intend.] 😊 Enjoy your day. Thanks for the convo.
Let’s not forget the points per night per resort are very different. OKW is one of the lowest points per night and Riviera is one of the highest for the same size room. Most of the rooms are RIV are preferred view with a limited amount of standard view. So if you really want to compare costs. You would need to calculate cost per night. Then you’ll see OKW is cheaper than RIV per night. So if you look at the point charts at travel season 5. A week at OKW is 99 points for a studio, while at RIV standard is 139 and preferred is 176. That is a 40% and a 77% increase in points for the week.
I learn so much from this channel! I have been talking to a rep for DVC I just can't decide if I want to pull the trigger on it or not
I can't afford DVC today, what I can say is that we have never regretted the purchase
@@azmedic10 this is great to know, that seems to be the common answer I get. I am probably doing too much research should just pull the trigger haha
@@Phatsdawg go with your gut, and possibly spousal approval 😉
@@azmedic10 haha amen to that!
I am so glad to hear that you find these discussions useful. DVC is a lot to think about for sure and that's one of the reasons we want to at least have these conversations so that the gears start turning. . . . especially on things that you moght not be thinking about. 😀
I don't think the buy-in at $259/point for the cabins is accurate is it? I think the points are only $230 a point full price with no discount.
Thank you for pointing out my mistake. 😅
The price per point listed on this chart is inaccurate [sorry about that] the price per year, however, is not. We just redid the math and went back to our previous video about the cabins as well and the cost per year is $2880 over thay 50 years. 😊
@@2foolishmortals OK sweet as long as the price per year is accurate the math still works out. The cabins are fairly expensive. The only thing saving them is the points chart (175 points goes farther there than many other resorts). Still, as I've mentioned before, they're not for me. Which is fine. Riviera came out smelling like a rose here, I'd say. Just like the lobby.
Surprised that Poly seemed like one of the better deals. 😂Especially with it being a 🚝 resort. That being said, while I find DVC videos interesting I am not actually interested in buying into DVC. 🤷♀️ I'm a park girl so I'm just not at Any resort enough to warrant the costs for Deluxe Hotels or even moderate, honestly. And lately this cheap girl has been staying off property. I want to be in the parks not my room. 🤷♀️ But as a numbers 🤓 I loved the video.
Ehh. . . . it's not for everyone. 🤷♀️ Personally, I'm all about cutting costs wherever it makes sense to do so. When we first became Members, DVC was a great way to do that given our circumstances. There are so many other GREAT options nowadays though, including our personal favorite options. . . "grey area hotels" located on property but not owned and operated by Disney. I gotta ask thoug. . . do you have an off property place that you gravitate towards or it it just a "this is the best deal right now so this will do" option? Glad you enjoyed the video though. It is fun to run the numbers and see what it REALLY costs/looks like.
I think this was great only the contract for OKW should have been a 2057 for fair comparison because you can still buy that direct also.
Thanks! The comparison we were drawing were between the 3 available resale contracts for 175 points that I could find and the 2 newest properties currently on the market for buying direct. Old Key West [like other older properties] can be purchased direct and in that case it would expire in 57. . . but we weren't talking about a direct Old Key West contract so it would have an expiration date of 42. Hope this helps clear up what it is the thought process is here.
I wish you had compared the same resorts, such as OKW resale vs OKW direct.
That would have been interesting and quite a lot of numbers to crunch considering the number of resorts that make up DVC. However, the point is to illustrate the differences between buying DVC Direct versus Resale. As you can see, even if we are looking at brand new contracts, the price difference per year isn't as great as you might expect.
That said, I thought you had an interesting question so I crunched the numbers for OKW and without taking current deals buying direct into account, if you bought OKW direct you're paying about $270 more per year. You're also getting a contract that expires in 32 years versus 18 AND have discounts and benefits that will more than make up for that additional cost per year.
Of course, numbers will vary per resort
Wow, so buying OKW direct seems like a better option. You’d save more than $270 with the AP discount alone.
Yeah, I would have to agree.
Typically you're better off buying a new resort if you want to buy direct. Disney usually doesn't offer any incentives for the sold out resorts because they want to sell the new inventory. Exceptions exist and always check with DVC before making a decision. "Buy where you want to stay" comes into effect here I would say.
@@RoastBeefSandwich That's honestly why I didn't do the resort direct to resort resale comparison. Plus. . . another detail that is important to note when thinking about buying an older contract direct is that they have limited availability/stock. Even when looking up OKW to crunch these numbers real quick it's stated right on the site.