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Old 12-26-2012, 04:46 PM   #1
kshark1958
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VB pricing compared to WDW resort pricing

While looking at DVC resales for sale I noticed VB was in the mid 40 dollars per point compared to WDW resorts most in the mid 60 dollars per point. Since you can use the VB points to rent at WDW resorts ( I know 7 months out) wouldn't it make better financial sense to buy VB. Very new at this resale stuff so maybe their is something I don't know.
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Old 12-26-2012, 04:56 PM   #2
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It is true that VB's upfront purchasing cost per point is less than other WDW based DVCs. But VB's annual maintenance fees are higher at $7.4076/pt vs Boardwalk (the highest at WDW) $5.8409/pt. So over the course of time, you will eventually pay more in total dollars.
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Old 12-26-2012, 04:58 PM   #3
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Usually after about 12 years you will start to pay more for the property if you own VB.
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Old 12-26-2012, 06:33 PM   #4
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Quote:
Originally Posted by kshark1958 View Post
While looking at DVC resales for sale I noticed VB was in the mid 40 dollars per point compared to WDW resorts most in the mid 60 dollars per point. Since you can use the VB points to rent at WDW resorts ( I know 7 months out) wouldn't it make better financial sense to buy VB. Very new at this resale stuff so maybe their is something I don't know.
And if your goal is to stay at WDW, you have no 11 month home resort advantage to booking at WDW. Some villa categories are not available at 7 months out and you need that home advantage.

Plus there is always the possibility that DVC could sell VB and it be removed from DVC.
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Old 12-26-2012, 10:55 PM   #5
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depends on how much risk you want to take. i wouldn't recommend buying VB if you intend to stay at wdw.
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Old 12-26-2012, 11:40 PM   #6
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I own vb to stay at vb and okw/akv to stay at wdw. Prime season rooms you need 11 month reservations.
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Old 12-29-2012, 10:21 AM   #7
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If you want to get an accurate picture of total cost of ownership, run the cost numbers for the next 20 years. I think you'll find that VB will be more expensive than just about any other resort, regardless of the less expensive purchase price.

In addition, there is a growing concern among owners that is caused by the fact that the gap between maintenance fees and point rental prices is growing narrower by e year. There is a chance that maintenance fees will surpass what you can get for a point if you rented it out. This will put you in a negative equity situation on an annual basis, which as you can imagine is not good.

Buy VB if it works for you in all aspects of ownership. But if it doesn't, the low buy in cost could be a trap. Good luck!
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Old 12-30-2012, 12:58 PM   #8
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After many calculations and a reading all the thread responses to the one I started over the summer, I decided to buy VB. I was originally looking at HHI as a cheaper buy-in. I didn't ever consider VB and was against it. But the more I read and the more calculations I did, the more it made sense for me.

But you have to know your risks and be willing to take a bet on them. I bought 100 points at $33.50 per point (the lowest amount I saw passing; $30 pp were all being ROFRd by disney). I also got 100 banked points and 100 right after the purchase went through. I booked a 2013 trip, so I had 300 points to work with.

I calculated that the cost of the contract ($4120 including closing, etc) plus yearly dues vs renting ($11 pp from my source) would pay off in just under 5 years. So at 5 years, I could give away the contract and not have lost money.

Around 12+ years, the contract dues would start costing me more than if I bought on-site (average dues used). But as far as I'm concerned, even if I keep the contract long term, I'm still paying several dollars less per point than if I kept renting. And I can control my rez, check on availability, put in requests, and get whatever other benefits are offered.

If this rumored change happens, I will be grandfathered in (according to rumor) which means I got a very good deal at the right time. And if I want to sell, I can sell super cheap after 5 years and whatever money I get is profit at that point.

Some people pay more up front to save in the loooong term. I saved up front and might eventually pay more long term (if I keep the contract a long time). Money in my pocket now is better than money in my pocket later.

But that's just my theory. I may get screwed by the upcoming changes. If so, I'll rent out VB vacations and use the money to buy on-site points and transfer them into my account. Either way, I still have an advantage.

Just don't overpay for VB.
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