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Post by lephelps on Jan 6, 2024 14:05:27 GMT -5
Suggestion to make the price difference more palatable to DW...be sure you calculate total number of points you'll get to use in the 2042 contract vs. the 2057 contract (especially since the 2042 resale is stripped) and divide the total purchase price by that so the sticker shock of how much more a direct vs. resale contract costs at purchase time shows instead that the 15 more years of x points makes the per point cost more comparable (or, if it doesn't then hide/burn the evidence, lol).
When we finally bought into DVC via resale in 2020 (a 150-point OKW 2042 contract) and then flipped to an OKW direct 2057 contract in 2021 (w/o ever using the resale contract), looking at the price per point for the total number of points we'd get to use over the life of the two contracts made the added cost of buying direct from Disney much easier to swallow. To be fair, it also helped that we sold the resale contract for $26/point more than we purchased so counted that profit towards the price of the Disney one and Disney had good incentives for OKW when we bought but the current per point cost might still be reasonably close now.
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Post by MinnieMom on Jan 6, 2024 15:56:25 GMT -5
Interesting. FWIW - ditto on the 57 to hold more value longer.
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Post by Adelard of Bath on Jan 6, 2024 20:52:03 GMT -5
calculate total number of points you'll get to use in the 2042 contract vs. the 2057 contract Interesting...15 years of extra points. From now until expiration that's approaching double the life. |
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Post by lephelps on Jan 7, 2024 0:24:57 GMT -5
calculate total number of points you'll get to use in the 2042 contract vs. the 2057 contract Interesting...15 years of extra points. From now until expiration that's approaching double the life. Of course, you're paying 15 more years of MFs if you had it to the end but we don't talk about MFs, lol. Perhaps the progeny picks up ownership before the end or you sell so you really wouldn't have the full 15 years of MFs but that contract would definitely have more resale value after 2042.  Factoring in potential MFs for 2042 and beyond as part of the 2057 cost is more math than I was willing to undertake. We'll be in our mid-80s in 2057 assuming we're still alive and it's likely one or both of our sons will be on the deed with us and paying at least part of the MFs long before then so the base per point cost for all points we'd get (w/ the added bonus of making a profit off the sale of our 2042 contract) was what we focused on when deciding whether to swap out our 2042 for a 2057 contract. Another reason to love OKW...the fuzzy math involved in two expiration dates that helps you to justify a direct purchase over resale.  |
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Post by Adelard of Bath on Jan 7, 2024 11:19:42 GMT -5
Factoring in potential MFs for 2042 and beyond as part of the 2057 cost is more math than I was willing to undertake. If I buy a 2057 contract and put it with my two 2042 contracts, in 2042 they will expire leaving only the 2057, and my maintenance costs will go way down!!!!!! lol I can't worry about MFs, they are like insurance on a car, always there regardless of what I buy. I can, however, say "are you sure you want more points, we already pay 3000 every year, if we buy more we will be at 4000 or 4500" |
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Post by pooh bears mom on Jan 7, 2024 15:36:20 GMT -5
I vote for 2057. You are correct that once you retire you could travel more. We will be close to 75 in 2042, but I will not add on anymore 2042 resorts because now they are for my kids.
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Post by olddisnut on Jan 8, 2024 4:14:09 GMT -5
I vote for 2057. We bought in 2010 at 62 with the plan to go at least once a year with the grandchildren and a few times just us. Our children are as I say, "Disney Nuts". We have a mixture of resale and direct points. Only one contract is 2042 and rest are 2057, all are at OKW because we like the room size, low points for rooms and being a quit resort. Since we have retired, we go at least 2-3 times a year.
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