Should I rent DVC points?

dab · 01-29-2005

We've decided that we want to stay in a 1 BR at the BCV in Sept. and the rack rate is too high. There is no guarantee of a discount code for villas so, thoughts turn to renting points.

I've already read all of the info and warnings on the Dis DVC boards. I'd love to hear form DC'ers who have successfully rented. I am afraid of getting ripped off! Any advice would be appreciated.

skwak · 01-29-2005

We have not done so but I know that Mickey has offered some sound advice on this topic in the past. I suggest that you PM him.

bali · 01-29-2005

I am currently in the process of renting points. It's a gamble, and you never know how well it's going to turn out, but for us, the savings were worth the small risk. Should this trip go off without a hitch, we'll be renting from now on.

7nqb00 · 01-29-2005

We did it via E-Bay. No problems! Enjoyed a great 5 nights for $475

**mickey** · 01-29-2005

I have sold points on ebay before, but never rented them per se. Shouldn't be a problem if you find someone with points to rent. Do not pay in advance, you must have some sort of agreement in place where both of you agree that the money should be put into escrow until you check in, and make sure everything is ok. You can release the money at that point. Just remember that even if you call the day before and the reservation is ok, they can still cancel on you, and if they have your money, there isn't much you can do.

bali · 01-30-2005

Mickey, how do you put the money into escrow? Can you give a few examples of how we might be able to negotiate this?

Huakai · 02-02-2005

I would be interested in this information too since I often use all my points and want more but not on a yearly basis.

dab · 02-04-2005

Mickey referred me to escrow.com

I emailed the renter and explained the advice I was given from Mickey. My seller is an understanding guy and was very willing to cooperate. It is a clear an straightforward process on escrow.com. There is also a calculator to figure the cost of setting up the account. For my $2450. balance, it will be around $79.00 I don't mind paying that for peace of mind! Just follow the steps on the website. We are renting points from someone that posted on the disboards trade/rent forum. I't's our first time renting. 100% of the rental balance will be paid in full once we receive the reservation confirmation that he gets from Disney and call to confirmm. It will be held in an escrow account until we check into BCV. Once we check in, the money will be released to the seller. It protects him too...he gets 100% of his money even if we don't show up. We can rent our points to someone else if an emergency comes up and he will change the reservation names for us. There is also a written agreeement with these terms that both of us will sign. I really think it is a fair deal for both parties.

skwak · 02-04-2005

Thank you for this posting. It is great information. I really appreciate it!

bali · 02-05-2005

Hmm.. I wonder if my DVC "landlord" would go for that. How does he get his money if you don't show up?

dab · 02-09-2005

I have to pay the full amount to the escrow account now even though the trip is in Sept. There is a statement of terms that we both have to accept. The terms state that the funds will be released to the seller by the close of the day of check in. So, if we don't show, he still gets paid. By agreeing to that, he is protected. Also, by him agreeing to those terms, if my room isn't available at check in - I get a 100% refund. We're both protected. He just doesn't get his money right away.

Ragtime Gal · 02-15-2005

Okay, now what if you go to check in and the reservation was cancelled? How do you stop the escrow company from releasing the funds?

dab · 02-18-2005

If I go to check in and the reservation was cancelled, the seller would not be entitled to the funds because he would have broken the rental agreement. I have to accept delivery of the merchandise (in this case my villa) before funds can be released. But, if I fail to check in in time, I am breaking the agreement and he still gets paid. Make sense?

CaribBeachNut · 02-18-2005

I don't want to tell you how to spend the money you earn, God knows we all work hard for it. But do you really want to rent points?

dab · 02-18-2005

Renting points will save $1118. for a 1 BR villa at the Beach Club! Those rooms are typically not discounted and it is the only way we could afford to stay there. We've stayed at deluxe resorts but the villas really appeal to me. I think it is a great way to save and perhaps decide if we want to become DVC owners ourselves.

01-29-2005	#1 (permalink)
dab Perpetual Trip Planner Join Date: Aug 2002 Posts: 1,604	Should I rent DVC points? We've decided that we want to stay in a 1 BR at the BCV in Sept. and the rack rate is too high. There is no guarantee of a discount code for villas so, thoughts turn to renting points. I've already read all of the info and warnings on the Dis DVC boards. I'd love to hear form DC'ers who have successfully rented. I am afraid of getting ripped off! Any advice would be appreciated. __________________ http://www.magicalkingdoms.com/timer...8lwbwx9enz.png

01-29-2005	#2 (permalink)
skwak Pay me in Disney Dollars! Join Date: Aug 2002 Location: New Jersey Posts: 2,500	Re: Should I rent DVC points? We have not done so but I know that Mickey has offered some sound advice on this topic in the past. I suggest that you PM him. __________________ 2008 Oct. ~ SSR & 7 Days on the Disney Magic! 2008 Aug ~ Our New Vacation Home 2008 Apr. ~ Our New Vacation Home 2007 Dec. ~ Swan & VWL 2007 Aug. ~ POR & Contemporary 2006 Nov. ~ SSR, ASM and 7 Days on the Disney Magic! 2005 Oct. ~ VWL 2005 Apr. ~ BWV 2004 Oct. ~ OKW 2004 Sept. ~ SSR 2003 Oct. ~ POR & Caribbean Beach 2002 Sept. ~ POR & AKL 2001 March ~ ASSports 2000 Feb. ~ All Star Sports & Coronado Springs My Disney Countdown Counting down to: 8 Nights at Goofy's Grotto with the Entlers and Bussenos!! Gone to our Happy Place!

01-29-2005	#3 (permalink)
bali Dreamfinder Society Join Date: Jun 2003 Location: New York Posts: 2,387	Re: Should I rent DVC points? I am currently in the process of renting points. It's a gamble, and you never know how well it's going to turn out, but for us, the savings were worth the small risk. Should this trip go off without a hitch, we'll be renting from now on. __________________ May 02 offsite * May 03 AKL * Oct 03 CSR * May 04 POR * Oct 04 CSR * May 05 BCV * Oct 05 SSR * Dec 05 BWI * Jan 06 WL * May 06 AKL * Sep 06 PC/BCV * Dec 06 WL * Jan 07 CSR * Apr 07 BCV * Jun 07 BW * Oct 07 BWV * Nov 07 WL * May 08 CSR *

01-29-2005	#4 (permalink)
7nqb00 Senior Mouseketeer Join Date: Mar 2004 Posts: 245	Re: Should I rent DVC points? We did it via E-Bay. No problems! Enjoyed a great 5 nights for $475 __________________

01-29-2005	#5 (permalink)
mickey Administrator Join Date: Sep 2001 Posts: 6,232	Re: Should I rent DVC points? I have sold points on ebay before, but never rented them per se. Shouldn't be a problem if you find someone with points to rent. Do not pay in advance, you must have some sort of agreement in place where both of you agree that the money should be put into escrow until you check in, and make sure everything is ok. You can release the money at that point. Just remember that even if you call the day before and the reservation is ok, they can still cancel on you, and if they have your money, there isn't much you can do. __________________ Frank Costanza: You can drop a grand in Disney World, like that.

		MouseBuzz.com > Disney Vacation Club > DVC Corner
Should I rent DVC points?

01-30-2005	#6 (permalink)
bali Dreamfinder Society Join Date: Jun 2003 Location: New York Posts: 2,387	Re: Should I rent DVC points? Mickey, how do you put the money into escrow? Can you give a few examples of how we might be able to negotiate this? __________________ May 02 offsite * May 03 AKL * Oct 03 CSR * May 04 POR * Oct 04 CSR * May 05 BCV * Oct 05 SSR * Dec 05 BWI * Jan 06 WL * May 06 AKL * Sep 06 PC/BCV * Dec 06 WL * Jan 07 CSR * Apr 07 BCV * Jun 07 BW * Oct 07 BWV * Nov 07 WL * May 08 CSR *

02-02-2005	#7 (permalink)
Huakai Senior Mouseketeer Join Date: Apr 2003 Location: Temple, Texas Posts: 354	Re: Should I rent DVC points? I would be interested in this information too since I often use all my points and want more but not on a yearly basis. __________________ DVC member since 1993 Next Disney trip, December 2010. My Disney Countdown Counting down to: Holiday celebration with daughter and her Sailor!! 305 days 23 hours 41 minutes

02-04-2005	#8 (permalink)
dab Perpetual Trip Planner Join Date: Aug 2002 Posts: 1,604	Re: Should I rent DVC points? Mickey referred me to escrow.com I emailed the renter and explained the advice I was given from Mickey. My seller is an understanding guy and was very willing to cooperate. It is a clear an straightforward process on escrow.com. There is also a calculator to figure the cost of setting up the account. For my $2450. balance, it will be around $79.00 I don't mind paying that for peace of mind! Just follow the steps on the website. We are renting points from someone that posted on the disboards trade/rent forum. I't's our first time renting. 100% of the rental balance will be paid in full once we receive the reservation confirmation that he gets from Disney and call to confirmm. It will be held in an escrow account until we check into BCV. Once we check in, the money will be released to the seller. It protects him too...he gets 100% of his money even if we don't show up. We can rent our points to someone else if an emergency comes up and he will change the reservation names for us. There is also a written agreeement with these terms that both of us will sign. I really think it is a fair deal for both parties. __________________ http://www.magicalkingdoms.com/timer...8lwbwx9enz.png

02-04-2005	#9 (permalink)
skwak Pay me in Disney Dollars! Join Date: Aug 2002 Location: New Jersey Posts: 2,500	Re: Should I rent DVC points? Thank you for this posting. It is great information. I really appreciate it! __________________ 2008 Oct. ~ SSR & 7 Days on the Disney Magic! 2008 Aug ~ Our New Vacation Home 2008 Apr. ~ Our New Vacation Home 2007 Dec. ~ Swan & VWL 2007 Aug. ~ POR & Contemporary 2006 Nov. ~ SSR, ASM and 7 Days on the Disney Magic! 2005 Oct. ~ VWL 2005 Apr. ~ BWV 2004 Oct. ~ OKW 2004 Sept. ~ SSR 2003 Oct. ~ POR & Caribbean Beach 2002 Sept. ~ POR & AKL 2001 March ~ ASSports 2000 Feb. ~ All Star Sports & Coronado Springs My Disney Countdown Counting down to: 8 Nights at Goofy's Grotto with the Entlers and Bussenos!! Gone to our Happy Place!

02-05-2005	#10 (permalink)
bali Dreamfinder Society Join Date: Jun 2003 Location: New York Posts: 2,387	Re: Should I rent DVC points? Hmm.. I wonder if my DVC "landlord" would go for that. How does he get his money if you don't show up? __________________ May 02 offsite * May 03 AKL * Oct 03 CSR * May 04 POR * Oct 04 CSR * May 05 BCV * Oct 05 SSR * Dec 05 BWI * Jan 06 WL * May 06 AKL * Sep 06 PC/BCV * Dec 06 WL * Jan 07 CSR * Apr 07 BCV * Jun 07 BW * Oct 07 BWV * Nov 07 WL * May 08 CSR *

02-09-2005	#11 (permalink)
dab Perpetual Trip Planner Join Date: Aug 2002 Posts: 1,604	Re: Should I rent DVC points? I have to pay the full amount to the escrow account now even though the trip is in Sept. There is a statement of terms that we both have to accept. The terms state that the funds will be released to the seller by the close of the day of check in. So, if we don't show, he still gets paid. By agreeing to that, he is protected. Also, by him agreeing to those terms, if my room isn't available at check in - I get a 100% refund. We're both protected. He just doesn't get his money right away. __________________ http://www.magicalkingdoms.com/timer...8lwbwx9enz.png

02-15-2005	#12 (permalink)
Ragtime Gal Baby MouseBuzzer Join Date: Nov 2004 Posts: 3	Re: Should I rent DVC points? Okay, now what if you go to check in and the reservation was cancelled? How do you stop the escrow company from releasing the funds?

02-18-2005	#13 (permalink)
dab Perpetual Trip Planner Join Date: Aug 2002 Posts: 1,604	Re: Should I rent DVC points? If I go to check in and the reservation was cancelled, the seller would not be entitled to the funds because he would have broken the rental agreement. I have to accept delivery of the merchandise (in this case my villa) before funds can be released. But, if I fail to check in in time, I am breaking the agreement and he still gets paid. Make sense? __________________ http://www.magicalkingdoms.com/timer...8lwbwx9enz.png

02-18-2005	#14 (permalink)
CaribBeachNut Big Cheese Join Date: Feb 2003 Location: Connecticut Posts: 911	Re: Should I rent DVC points? I don't want to tell you how to spend the money you earn, God knows we all work hard for it. But do you really want to rent points?

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02-18-2005	#15 (permalink)
dab Perpetual Trip Planner Join Date: Aug 2002 Posts: 1,604	Re: Should I rent DVC points? Renting points will save $1118. for a 1 BR villa at the Beach Club! Those rooms are typically not discounted and it is the only way we could afford to stay there. We've stayed at deluxe resorts but the villas really appeal to me. I think it is a great way to save and perhaps decide if we want to become DVC owners ourselves. __________________ http://www.magicalkingdoms.com/timer...8lwbwx9enz.png Last edited by dab; 02-18-2005 at 09:33 PM.