PDA

View Full Version : Why have you NOT bought DVC?


Pages : [1] 2 3

Blessed_wth_Triplets
04-29-2008, 10:56 AM
I was hoping some people could help me see it different ways...for obvious reason I didn't post this on the DVC board. But honestly, my question goes to those who got to WDW every year, especially those who pay to stay in Deluxes, and have chosen not to buy DVC? I'm torn...i mean...it seems like a good deal...they say it pays for itself in about 7 vacations...i just don't see us ever have the $$$$ to pay for that big chunk, and DH would not want to finance it...so?? Just lookinf for some opinions on Disney experts! Thanks!:thumbsup2

RMulieri
04-29-2008, 11:00 AM
I have not bought yet..seriously thinking about it.But I still have not because I guess of cost.I know we will have to finance it, but I hate that idea when we have absolutely NO DEBTand a decent savings acct finally , and right now with the economy I am more worried about feeding ,clothing, and sheltering my family then anything else, especially if things get worse in this country.

Cinderumbrella
04-29-2008, 11:01 AM
Fear of commitment!!! :rotfl:

We rarely go more than one time in a calendar year (this year is a HUGE exception). Also, while my little guy is young, its easy to be flexible with dates, but as he gets older we will have to travel in peak seasons. And once he starts sports, there goes even more free time. And, my biggest fear, HEAVEN FORBID, what if in 5 years he doesn't like WDW anymore and doesn't want to spend EVERY vacation there??

That being said, the Kingdom Towers is a VERY enticing option to make us forget all of the above...

centurythree
04-29-2008, 11:02 AM
I haven't bought into it because I haven't finished grad school yet. ;)

If it remains a good deal I'll seriously look into it a few years from now.

Blessed_wth_Triplets
04-29-2008, 11:03 AM
I have not bought yet..seriously thinking about it.But I still have not because I guess of cost.I know we will have to finance it, but I hate that idea when we have absolutely NO DEBTand a decent savings acct finally , and right now with the economy I am more worried about feeding ,clothing, and sheltering my family then anything else, especially if things get worse in this country.

I hear ya!!!

lindakmonty
04-29-2008, 11:06 AM
I think the main reason we haven't bought is b/c we're eligible to stay at SOG... I watch the resales, I have done a lot of research on DVC and it looks pretty tempting, but I think the bottom line is, we can stay at SOG and have no commitment. I also fear how much they'll raise the annual dues, there's no housekeeping unless you pay for it...:confused3 so, for now.. SOG wins.

jctwizzer
04-29-2008, 11:11 AM
We been in DVC ten+ years; visit Orlando area 4 times a year (or more)....have never gotten tired of it...no imagination I guess.
Bottom line: Best money we ever spent...other than the
marriage license!!!!!!!!!!!!:cool2:
Oh...and we're 68....

christa112
04-29-2008, 11:12 AM
We considered joining, but the cost keeps us away. It is a bit pricey for us. We don't stay in Deluxe Resorts usually we are at the Value or Moderate.

Not to mention, I am cheap LOL

Cinders Mum
04-29-2008, 11:13 AM
I don't have the funds available at this time, also we have preferred resorts which does not have a DVC option.

kakiegirl
04-29-2008, 11:14 AM
We normally stay in value resorts so the montly payments, plus annual dues plus having to buy your park tickets just does not add up for us. I wish it did, if I was going to do a vacation club anywhere it would be Disney. Also, we only get one full week vacation a year right now and as much as I am in love with Disney and could not imagine going anywhere else I am sure when DD gets older we will start going other places for vacation some years, I know I want to take her to Washington DC, Grand Canyon and Niagra Falls.

Dallas_Lady
04-29-2008, 11:19 AM
I really don't see it being a good deal for us. Here's why:

-We don't go to Disney every year. At the height of our Disney travels when the kids are a little older, we will probably go every other year. But we have other places we want to vacation as well.

-We stay in moderates and are very happy with them. I can get a 6 night stay at a mod for what many people pay in just their maintenance fees on their DVC points.

-I don't want to feel obligated to go just to get my money's worth. Living in Texas, a trip to Disney requires airfare and you still have to buy park tickets, meals, etc. If we bought DVC, we'd end up spending more each year on Disney than we would have if we hadn't bought it.

Maybe if we lived a short drive away AND it indluded park tickets we'd consider it. Otherwise, it's just not for us. And I am just fine with that :goodvibes

Here is a very good link on whether DVC is a good deal for you: http://www.mousesavers.com/dvc.html#opportunity

karemore
04-29-2008, 11:19 AM
I don't want to be tied down. We love WDW but there's a huge world out there. Right now it suits us to visit often but as our daughter gets older we'll want to go to Europe, tour the US, and who knows what.

And for a family of 3 it's more affordable to just book a resort when we want to come.

Luv4Disney
04-29-2008, 11:28 AM
We just bought DVC last year. We couldn't find a reason not to. We did all the pros and cons and crunched numbers every which way. Even with staying at Value resorts, DVC worked out much better and we get to stay deluxe. With discounts, etc. it's well worth it. We did finance, but we're paying it off quicker so it'll be in half the time. I do believe current DVC members get first priority when new resorts open, so Kingdom Tower here we come! Who knows, it may sell out to currently DVC members first, like Grand Californian is rumored to.

Poppins2000
04-29-2008, 11:29 AM
DH and I moved to South FL in the spring of 2006 and finally joined DVC last summer. We do something Disney 3-5 times a year and have done so since 2001. We purchased 200 points last summer, decided that wasn't enough and purchased another 160 on our Disney cruise in Jan. We were also given many incentive points each time (we were lucky!) which allowed us two trips to WDW last fall (one to GF for four nights and one to SSR for five), a week long cruise to the eastern Caribbean (cabin w/balcony) and in 15 days we are leaving for Ireland on an Adventures by Disney trip - all paid with points!!
Yes, it is a big investment ($33K for 360 points which we did finance) but at this point we have saved $12K and we have just been members for almost a year.

dzorn
04-29-2008, 11:30 AM
Ok we just bought last august but I have a few guesses.

1. Money-If you buy direct from disney there is a 160 point min. (hint look for a small resale contract you may be able to get one as low as 50 pts.)
2. Time- If you go less than once per year. (See hint above with banking and borrowing you can use it every other or year.)
3. Don't want kitchen not cooking on vac. (just because its there you don't have to use it. DVC members staying on points are can get DDP without ticket purchase)
4. No daily house keeping. Not cleaning on vac either. (I can make my own bed no problem)
5. I want a monorail. (Kingdom Towers nuff said)

With that said I am so glad we purchased. :love: If we deciede to sell sometime in the distant future Disney holds it's value pretty well.

Denise in MI

Captain_Hook
04-29-2008, 11:33 AM
Because my parents bought DVC two years ago. :cloud9:

DH and I (now DS as well) get to go whenever we want for "free!" :banana:

"Hi my name is Jen and I am a Freeloader!" :woohoo:

inaminute
04-29-2008, 11:36 AM
We bought--and then sold when we realized that we could be staying at other resorts for less than our yearly maintenance fees!

Plus, it really ticked me off that they had these wonderful specials for non-DVC members staying at Boardwalk or Old Key West while I was "stuck" paying the same amount every year for the same thing! Actually, they got more--housekeeping was included in their price! Sometimes I miss the "apartment" feel of the resorts, but not often.

DVC just didn't work in our situation.

Blessed_wth_Triplets
04-29-2008, 11:43 AM
Few questions please :)...what are Kingdom Towers?...how much would say..200 points cost and what would the annual fees be?

Chellymouse
04-29-2008, 11:44 AM
We are also relatively new owners and did not join in 2003 for many of the reasons you have stated. 4 years later we were kicking ourselves! It is true that the best value for your points is obtained at WDW, but there are MANY options and places to use your points. We are planning a Disney Cruise for possibly next year when I finish grad school and we are in the early planning stages for a trip to Europe in the next year or two. Is it a substantial investment up front? absolutely. Is it worth it's weight in gold? absolutely. Dues are based on points and our annual dues right now are $858 for 225 points. We can't stay 10 nights at POR-FQ for that even during value season. DVC members do recieve discounts on AP's however, sometimes you get better deals on MYW tickets through AAA or mousesavers. The dining plan is also available as is grocery delivery service. Are we cooking on vacation? No way, but with a full kitchen, we are planning on doing breakfast and lunch in the villa then using our savings for meals at night. Having a washer/dryer is also going to be nice...don't have to pack so much so there is more room to bring home all of our "mouse gear" :thumbsup2 My DH is a numbers junkie and after he did all of his math, DVC is going to save us thousands of dollars in the coming years as well as enable us to travel to some places that would normally have taken us a couple of years to save to do.

Luv4Disney
04-29-2008, 11:44 AM
Few questions please :)...what are Kingdom Towers?...how much would say..200 points cost and what would the annual fees be?

Kingdom Tower is the rumored DVC resort at the Contemporary. No cost and annual fees announced yet. It's not "official" yet.

Sleeping Becca
04-29-2008, 11:47 AM
I have not bought because of the maintenence fees, the maintenence fees cost just as much or more than a stay.

I also don't like the no housekeeping, but that wasn't a factor in my choice not to buy.

DisFlan
04-29-2008, 11:48 AM
We added up what we've spent to stay at WDW over the years in Deluxes - and DVC was a no-brainer. Four years ago, we paid cash for a BWV resale contract for FAR less than it would have cost from Disney. It's already paid for itself. We haven't regretted it for a minute.

One of our biggest regrets now is that we didn't join DVC back in 1992 when we first looked at OKW (and when it was super cheap). We could have saved a LOT of $$$ on hotel bills.

Edited to add - about the fees...what we pay yearly in fees wouldn't get us even two nights in a deluxe hotel. But now, we usually stay for 7 or 8 days - in a villa with a full kitchen, a jacuzzi and a washer/dryer. We didn't get this stuff in a deluxe.


DisFlan

NancyIL
04-29-2008, 11:55 AM
I go to WDW several tmes a year - usually solo. I'm not a DVC member because my husband has no interest. I've been to several DVC presentations, most recently on a Disney cruise. I've said that the only way I can buy into DVC is if someone dies and leaves me money! :rotfl:

Luv4Disney
04-29-2008, 11:55 AM
We added up what we've spent to stay at WDW over the years in Deluxes - and DVC was a no-brainer. Four years ago, we paid cash for a BWV resale contract for FAR less than it would have cost from Disney. It's already paid for itself. We haven't regretted it for a minute.

One of our biggest regrets now is that we didn't join DVC back in 1992 when we first looked at OKW (and when it was super cheap). Even with the yearly DVC fees, we could have saved a LOT of $$$ on hotel bills.

Edited to add - about the fees...what we pay yearly in fees wouldn't get us even two nights in any of the deluxe hotels. We usually stay for 7 or 8 days.


DisFlan

Agreed, except for the part of joining back in 1992 since I was only 8. :rotfl:

rie'smom
04-29-2008, 11:57 AM
I don't want to be tied down. We love WDW but there's a huge world out there. Right now it suits us to visit often but as our daughter gets older we'll want to go to Europe, tour the US, and who knows what.

And for a family of 3 it's more affordable to just book a resort when we want to come.

We're going to Italy next year using our points. It costs the same amount in points to go to Italy for 1 week. We're alsoplanning Hawaii and Mont Tremblant. That's what sold me-the variety of places you can visit using our DVC points. Then, when we want to go back to WDW,we can.

Ok we just bought last august but I have a few guesses.

1. Money-If you buy direct from disney there is a 160 point min. (hint look for a small resale contract you may be able to get one as low as 50 pts.)
2. Time- If you go less than once per year. (See hint above with banking and borrowing you can use it every other or year.)
3. Don't want kitchen not cooking on vac. (just because its there you don't have to use it. DVC members staying on points are can get DDP without ticket purchase
4. No daily house keeping. Not cleaning on vac either. (I can make my own bed no problem)
5. I want a monorail. (Kingdom Towers nuff said)With that said I am so glad we purchased. :love: If we deciede to sell sometime in the distant future Disney holds it's value pretty well.

Denise in MI

:thumbsup2 I don't even cook at home:rotfl: .

We added up what we've spent to stay at WDW over the years in Deluxes - and DVC was a no-brainer. Four years ago, we paid cash for a BWV resale contract for FAR less than it would have cost from Disney. It's already paid for itself. We haven't regretted it for a minute.

One of our biggest regrets now is that we didn't join DVC back in 1992 when we first looked at OKW (and when it was super cheap). Even with the yearly DVC fees, we could have saved a LOT of $$$ on hotel bills.

Edited to add - about the fees...what we pay yearly in fees wouldn't get us even two nights in any of the deluxe hotels. We usually stay about a week.DisFlan

:thumbsup2

tndisneyfan
04-29-2008, 11:59 AM
DH and I have thought about it. I guess what is holding us back more than anything is the commintment. I love WDW, and we have been 5 out of the last 6 years. But DS is getting older and I'm not sure how we'll feel about vacationing at WDW in 10 years. I may still love it, but after Ds is grown, we may want to do more "adult" vacations.

Dallas_Lady
04-29-2008, 12:06 PM
Even with staying at Value resorts, DVC worked out much better and we get to stay deluxe.

How did you come to that conclusion? The maintenance fees alone are what a Value resort would be. Minumum buy in is 160 points now and at $4.50 per point in maintenance fees, that's $720 a year. You can get a week at a Value resort for that.

palavra
04-29-2008, 12:07 PM
I don't want to be tied down. We love WDW but there's a huge world out there. Right now it suits us to visit often but as our daughter gets older we'll want to go to Europe, tour the US, and who knows what.

And for a family of 3 it's more affordable to just book a resort when we want to come.

This is us as well. DD is 5, and I'm sure we will go to Disney several times in the near future, but I also anticipate we will travel other places as well. Sometimes the ease of DVC appeals to me though. Good luck on your decision.
:)

Luv4Disney
04-29-2008, 12:15 PM
How did you come to that conclusion? The maintenance fees alone are what a Value resort would be. Minumum buy in is 160 points now and at $4.50 per point in maintenance fees, that's $720 a year. You can get a week at a Value resort for that.

We're at SS and our fees were less than 4.50 a point this year. Our dues were $699 in January and we have 200 points. Plus, we take 2 trips a year and go for 9 or 10 days.

summerlandjeff
04-29-2008, 12:15 PM
Because I'm so broke I can't pay attention!! :lmao:

All seriousness aside.... I would in a heartbeat; love the concept, believe in the product, consider it a value, would use it gleefully..... just can't afford it:confused3

JESW
04-29-2008, 12:17 PM
It may not seem like such a good thing to you now, but as those three 5 year olds get older you and your dh might want more space when you go on vacation. We just got back from our first ever DVC vacation and we LOVED it! We stayed at OKW in a 2-bedroom complete with a washer and dryer and full kitchen. We did laundry several times last week so we didn't have to pack as many clothes - and I brought back a lot of CLEAN clothes so there is less for me to wash today! :) We also had some food delivered so we ate breakfast in our room every morning and a couple of other meals. Our kids are 9 & 13 and they had their own room with their own tv - and their own shows!

We go to WDW at least 2x a year - my ds13 is an asperger's kid and has been going since he was 22 months old. Disney is familiar to him and he feels comfortable there. We have tried different vacations that didn't work out so well so we will stick with Disney for now. And since we have been fortunate to go so many times we no longer feel the need to rush around and get everything done. Disney works well for our family. My dd is 9 and when ds has had enough dh or I can take him back to the room and the other can stay out with dd - you can't do that on many other vacations. This last trip we alternated with who stayed with her. I also feel very safe going around alone with the kids - and there are plenty of bathrooms! :) I am also lucky that dh loves it as much as I do - and he doesn't like much! ;)

It is a very personal decision and really only you can decide if it is right for your family. I suggest going and staying at a dvc resort and see if you like it.

We finally bought DVC last august with AKV as our "home" and our only regret is that we didn't buy sooner.

Jill

DisFlan
04-29-2008, 12:20 PM
I'll add another plus - we don't "cook" in the kitchen, but it's great for breakfasts, snacks and even a quick lunch. But I DO use the W/D. I use the heck out of them. We can pack a lot less since we can do laundry right there in the room. I love not having to lug a big bag of laundry to the hotel's "laundro-mat" and wasting a lot of time waiting for it to wash and dry.

DisFlan

Metsoskil
04-29-2008, 12:23 PM
I haven't bought in because my roof started leaking. I made an offer on a resale, signed a contract, and then had to put a bucket in my living room to catch the water that was coming in. The cost of the roof and the cost of the DVC contract were almost identical, so we did the responsible thing and cancelled the contract (we had a 10 day window). We are adament about not financing. DW and I are both saving like crazy to be in a position to buy in about 6 months from now.

syeaton01
04-29-2008, 12:30 PM
We have not bought because the DW is still considering it. She has concerns, but i answer them pretty well each time I think. My parents have it though, so we are familiar with it. One of the reasons I want to join is that I have worked out the cost of staying in a value and moderate for the same number of nights, and if you break it down, your costs are LESS for the DVC resort per night.

If you don't want 160 points, go resale, get 100...your maint. fees are $450...less than a week at a value. And with good planning you can get a nice stay on 100 points every 1.5 to 2 years.

And I know financially DVC and using it for other trips, like Adventures, Cruises, exchanges, etc... is not the wisest course, but it is a value to me.

And having a 1 bedroom with laundry so I can get away with only one checked bag by packing less and not paying for laundry is a value to me also.

Mickey28
04-29-2008, 12:30 PM
Read this it may help with your decision.

http://www.mousesavers.com/dvc.html#joining

ChickieToo
04-29-2008, 12:35 PM
We've owned since 2001. Family of 3, DD is nine now. We typically have gone once a year. A couple of times we went twice in a year. We wish purchased sooner too, as we always stayed in Deluxes. Here is our take , FWIW.

*The ownership paid for itself after a couple of years. We have brought family and reserved up to 4 studios at a time. This gave relatives who could not otherwise afford it, the opportunity to go to WDW and not pay for accommodations. It helped them quite a bit. We never ask for remuneration for rooms we get for others when they accompany us on our trips.
*We don't usually cook either, but we do keep drinks and munchies on-hand since we have the fridge and kitchen. We stock up on water and freeze it, and bring it to the parks. We keep cereal, and we reheat leftovers for quick snacks. That's the extent of it.
*Lack of Mousekeeping doesn't bother us, but that is a personal thing. The less people are in and out of our room, the better I like it.
*In a one bedroom or larger you get in-room laundry facilities which I really like. But even in studios, communal laundry facilities are free. We pack less and have less to catch-up on when we are home.
*We are more diligent about taking more vacations now. DH owns his own business, and as a lot of you know, the business really owns you. Having DVC allows us to make long-range plans and stick to them.
*As far as being "stuck" going to WDW only, we do take other vacations other times of the year, so WDW isn't the only place we go. Plus, with banking and borrowing you can amass up to three years worth of points, which can be used for bigger trips or for the Disney Cruise line, hotel rooms in Europe, Disneyland California. DVC is also going to build in Hawaii, so the options are always changing.
*we've crunched the numbers. The yearly dues are less than what we would spend on a weeklong stay at a deluxe hotel. The fact that we can get rooms for others without increasing our cost is just great too.

We aren't sure if this is forever for us, but we will cross that bridge when we come to it.

My advice to people is always threefold: 1) If you go to WDW at least once a year: 2) if you like to stay on-site at a deluxe hotel (Prior to ownership we would stay at the BC/YC and now we own there) and; 3) if you can afford it, I say it is a no-brainer. Even if you only go to WDW every other year, just buy fewer points and bank them from year-to-year to come up with the number of points you need to stay.

Also to be noted, when we took the tour, I had an argument with DH in the sales office, because I thought buying DVC was the dumbest thing we could do. I wasn't in favor of it at all. He forced the issue, and now I'm the one who knows the ins and outs of the whole program. Go figure.

I'm not pushing it one way or another, you have to do what works best for your family. Good luck with your decision

wmdaddy
04-29-2008, 12:37 PM
Few reasons for us:

1.We're not independantly wealthy. Vacations should be a luxury, not a committment. Buying into DVC makes it a committment.

2.I don't care much for the Villa style accomidation. I prefer hotel rooms.

3.I've priced it out every which way imaginable, and it's not nearly as much of a savings as Disney would lead you to believe. It CAN be, and for some, based on the way they vacation, it is. But for others, it's not.

4.I like housekeeping. Last thing I want to do after laying out thousands of dollars is pay for it.

5.I don't like the point system.

6.I don't like that after a set amount of years, you don't own it and you can't pass it on.

7.The dues, regardless of what anyone tells you, are VERY expensive.

8.The model that buying into DVC pays for itself in 7 years is false. They leave out finance chagres, dues and the increase in dues. They don't necessarily hide these facts, but they certainly mislead you into a false sense of security.

mmcguire
04-29-2008, 12:44 PM
How did you come to that conclusion? The maintenance fees alone are what a Value resort would be. Minumum buy in is 160 points now and at $4.50 per point in maintenance fees, that's $720 a year. You can get a week at a Value resort for that.

True, but for someone who goes annually, there's also significant savings on APs vs. buying MYW tickets. There are four of us, and saving $100 per AP is a lot. We could stay TWO weeks in a DVC studio for 160 pts, and get four trips (two trips for two years in a row) out of one (discounted) AP.

Everyone has their own way of justifying (or not justifying it). We decided after 17 years of visiting almost every other year that it was worth it for us. We've never stayed in a Deluxe other than the Dolphin (usually rented off site or stayed in Mod or Value).

We're also not independently wealthy, and vacations are a luxury, but we were paying for it anyway.

wmdaddy
04-29-2008, 12:50 PM
True, but for someone who goes annually, there's also the $$ saved on APs vs. buying MYW tickets. You could get TWO weeks in a DVC studio for 160 pts, and two trips for two years on one discounted AP.

You're of course referring to just 5 nights as a week, correct? To stay in a studio at Wilderness Lodge would be 134 points for 1 week. That's 268 points per year. I realize that can be lower depending on when you go. Then again, it could be higher.

As for AP's, those are available to everyone. So the savings there can be said for the non-DVC owner as well.

Karnak
04-29-2008, 01:05 PM
We see no good reason to buy DVC, since we live close enough to drive down to WDW when we wish. However, if I lived up North somewhere, I would no doubt consider buying in.

Karnak

Luv4Disney
04-29-2008, 01:07 PM
You're of course referring to just 5 nights as a week, correct? To stay in a studio at Wilderness Lodge would be 134 points for 1 week. That's 268 points per year. I realize that can be lower depending on when you go. Then again, it could be higher.

As for AP's, those are available to everyone. So the savings there can be said for the non-DVC owner as well.

I think she means that DVC members get a discount on the AP's. It's about $125 cheaper for the initial AP and about $100 savings for a renewal. That's quite a difference.

linzbear
04-29-2008, 01:11 PM
You're of course referring to just 5 nights as a week, correct? To stay in a studio at Wilderness Lodge would be 134 points for 1 week. That's 268 points per year. I realize that can be lower depending on when you go. Then again, it could be higher.

As for AP's, those are available to everyone. So the savings there can be said for the non-DVC owner as well.

134 points is for one of the busiest times, so you'd have to use comparable hotel rates, too. Besides, if you stayed at OKW, that's 108 points. This is for an 8 day, 7 night stay. Most trips are shorter than that, too. Sunday-Saturday would knock off 20-30 points in that total.

DVC members get $100-$125 off of the price of an AP/PAP. It is a better discount than FL residents. If you have 4 members of your family coming, that is $400 savings on tickets.

We got 4 (8 day, 7 night) trips in 1 year on our PAPs, using 150 points. We did not go during busy times though - May,Oct & Dec.

Abharmagic
04-29-2008, 01:14 PM
Because it seems awfully expensive and I like to vacation other places beside WDW *gasp* :rotfl2: Really... I have no interest...

wewantmore
04-29-2008, 01:15 PM
Because I'm so broke I can't pay attention!! :lmao:

All seriousness aside.... I would in a heartbeat; love the concept, believe in the product, consider it a value, would use it gleefully..... just can't afford it:confused3

LAD :lmao:

Blessed_wth_Triplets
04-29-2008, 01:16 PM
Yikes! These dues are a lot...no matter how you look at it?! After paying your yearly dues, I don't see how that initial $20-30K pays for itself??:confused3

micmacmissy
04-29-2008, 01:20 PM
Would you pay your electric company $16,000 upfront for electricity?

Would you pay Macy's $16,000 upfront for clothes for the next few years?

Of course you wouldn't...because it makes no sense financially.

It is simply not a good investment to pay money upfront for vacation.

If you have that money upfront, then invest it intelligently. (Time shares, vacation, and new cars are NOT investments...they decrease in value.) Use the money you make on your investments to take vacations. I promise you'll come out ahead.

If you don't have that money upfront and pay in installments...well, what could that same amount of money do in a CD where it could grow? In a college fund? Saving interest charges by paying down other debt?

Wouldn't you want that money you're putting away each month to earn interest? I know there are plenty of people who pay for their vacations with credit cards and in installments...so they can probably justify DVC in their own minds...but those are emotional decisions, not financial ones.

I'm sure there are tons of emotional reasons to do DVC...otherwise it wouldn't sell. But financial reasons? Nope.

wmdaddy
04-29-2008, 01:21 PM
Yikes! These dues are a lot...no matter how you look at it?! After paying your yearly dues, I don't see how that initial $20-30K pays for itself??:confused3

I don't either. And believe me, I have run the numbers every which way imaginable.

Blessed_wth_Triplets
04-29-2008, 01:24 PM
Would you pay your electric company $16,000 upfront for "free" electricity?

Would you pay Macy's $16,000 upfront for clothes for the next few years?

Of course you wouldn't...because it makes no sense financially.

It is simply not a good investment to pay money upfront for vacation.

If you have that money upfront, then invest it intelligently. (Vacations and new cars are NOT investments.) Use the money you make on your investments to take vacations. I promise you'll come out ahead.

If you don't have that money upfront...well, that's a different story. There are plenty of people who pay for their vacations with credit cards and in installments...so they can probably justify DVC in their own minds...but yikes...from a financial perspective, there is NO WAY it makes sense.



I'm starting to agree with this more and more....especially if people are taking our loans on that intial purchase....just something we would never do.

wmdaddy
04-29-2008, 01:24 PM
Would you pay your electric company $16,000 upfront for "free" electricity?

Would you pay Macy's $16,000 upfront for clothes for the next few years?

Of course you wouldn't...because it makes no sense financially.

It is simply not a good investment to pay money upfront for vacation.

If you have that money upfront, then invest it intelligently. (Vacations and new cars are NOT investments.) Use the money you make on your investments to take vacations. I promise you'll come out ahead.

If you don't have that money upfront...well, that's a different story. There are plenty of people who pay for their vacations with credit cards and in installments...so they can probably justify DVC in their own minds...but yikes...from a financial perspective, there is NO WAY it makes sense.

I hate to say it, but I agree with this. I don't want to sound rude to those people that are members. I'd love to be able to afford it. Technically, I could do it. But with 3 kids, and not being independantly wealthy, it would be a very poor and irresponsible decision for me. We go to Disney right now, about twice per year. We do well now. Things can change in a heartbeat unfortunately. And if that ever happens, last thing I want to worry about is having to try and sell a timeshare membership.

wmdaddy
04-29-2008, 01:25 PM
I'm starting to agree with this more and more....especially if people are taking our loans on that intial purchase....just something we would never do.

That's just it. The buy-in price may only be $16,000, but after you factor in financing, which most people do, those numbers change DRASTICALLY.

Mouseaholic!!!
04-29-2008, 01:27 PM
Even if my husband were not a castmember, we would probably not be DVC owners.

* Castmember discount is an obvious advantage that DVC cannot touch

* We occassionally travel with friends and feel the sofabed situation is tremendously unfair and do not like the forced upgrade to a 2 bedroom villa. (We prefer to stay close to EPCOT so OKW is just not going to be our first choice).

* There are simply too many other fabulous travel choices beyond Disney to explore. With the wimpy US Dollar, we are staying in the US....but in the last 18 months we have visited Alaska TWICE, western Canada, Maine, Shenandoah Valley, Grand Canyon, Southern California in addition to our Disney trips.

* Our next Disney trip is 10 days in a Boardwalk 1 BR villa --- and I'm sure Jim will love the jacuzzi.....but we WILL have hotel services there. I'm on vacation, like being pampered ---- and we always get towel animals which fill the room. Nothing wrong with being a bit of a princess.

* We prefer to not be locked into a contract for our personal travel. We have watched the slow downturn of WDW through severe budget cuts (DH knows all about these personally)....just are not comfortable making a long-term commitment when Anaheim's only long-term commitment is to $$$$$ and not their parks, resorts or guests.

* Finally - and this is a very personal reason - we just don't want to buy DVC. I am reluctant to post here - do not wish to upset any current DVC members so I'll just leave it alone.

micmacmissy
04-29-2008, 01:27 PM
From the mousesavers website:

When considering a DVC membership, it's a good idea to run some calculations. I did this, and also looked at spreadsheets done by others. It's incredibly complex, because there are a zillion variables. Among the factors to consider are your vacation habits, whether you can afford the initial buy-in cost and its associated opportunity cost and whether you can handle the annual dues (be sure to account for annual dues increases).

This may not make me popular in this day and age of "instant gratification," but realistically, it is hard to argue that DVC membership is a financially responsible decision if you don't have the upfront cost in the bank. If I had to borrow the money, I definitely would not join. Naturally Disney will suggest otherwise, because it makes a lot of money on the financing. (Of course, I also think it's unwise to finance a vacation on credit cards. Call me old-fashioned, call me a tightwad -- but I bet most financial advisors will agree with me.)

Time Traveler
04-29-2008, 01:27 PM
DVC seems to be pretty pricey compared to other timeshares due to all the payments/fees it has. My family actually purchased an BlueGreen timeshare (which was a lot cheaper) so we have more destinations to choose from as they work with RCI. Through RCI we can make an exchange with Interval International to stay at a Disney Villa (its harder to get rooms at short notice as expected and we just couldn't afford DVC).

mickeyluv'r
04-29-2008, 01:31 PM
I have not bought because of the maintenence fees, the maintenence fees cost just as much or more than a stay.

I also don't like the no housekeeping.



This basically sums it up for us. DVC 'value' is also based on rack rates. By being on top of things, I'm often able to find some sort of discount.

I also think houskeeping is one of the big expenses that resorts pay. When I go on vacation I don't want to have to spend time doing housekeeping. I've stayed in rental houses beofre and I just don't find it much fun having to clean up on vacation. I really enjoy coming back to my resort to find the trash empty, fresh towels, and the beds made...

I'm also really into many of the DVC resorts. AKL is almost cool enough to tempt me to consider it, but Saratoga Springs is not.

You've gotta figure that DVC works out to be a better deal for Disney or they wouldn't be promoting it so heavily.

Mouseaholic!!!
04-29-2008, 01:34 PM
This basically sums it up for us. DVC 'value' is also based on rack rates. By being on top of things, I'm often able to find some sort of discount.

I also think houskeeping is one of the big expenses that resorts pay. When I go on vacation I don't want to have to spend time doing housekeeping. I've stayed in rental houses beofre and I just don't find it much fun having to clean up on vacation. I really enjoy coming back to my resort to find the trash empty, fresh towels, and the beds made...

I'm also really into many of the DVC resorts. AKL is almost cool enough to tempt me to consider it, but Saratoga Springs is not.

You've gotta figure that DVC works out to be a better deal for Disney or they wouldn't be promoting it so heavily.


It's Disney's Cash Cow - you are soooooooo right!

Luv4Disney
04-29-2008, 01:35 PM
This basically sums it up for us. DVC 'value' is also based on rack rates. By being on top of things, I'm often able to find some sort of discount.

I also think houskeeping is one of the big expenses that resorts pay. When I go on vacation I don't want to have to spend time doing housekeeping. I've stayed in rental houses beofre and I just don't find it much fun having to clean up on vacation. I really enjoy coming back to my resort to find the trash empty, fresh towels, and the beds made...

I'm also really into many of the DVC resorts. AKL is almost cool enough to tempt me to consider it, but Saratoga Springs is not.

You've gotta figure that DVC works out to be a better deal for Disney or they wouldn't be promoting it so heavily.

We own at Saratoga because their fees are the cheapest and we got a nice incentive, but haven't stayed their yet. :rotfl:

Sleeping Becca
04-29-2008, 01:36 PM
If the increase in room prices and the increase in maintaince fees remain the same it would take 12.5 years to recoup my initial $15,300 investment.

That is buying resale at $85 per point for 180 points at AKL and using the points to stay in a one bedroom Savanah View Room during Regular Season.

Tinkertini
04-29-2008, 01:40 PM
My fiance's dad bought 3 times shares at Orange Lake, near Disney, many many years ago. He got one week for each of his kids, and has paid them off for the next 50 years. So basically we have a free vacation.

It's just that I love Disney property, and I want to be a DVC member so badly. I want my kids to grow up staying at the different resorts like I did. I want to resort hop mid-vacation, and be on the monorail, and use the EMH's. Disney is just more magical all around when you're on property.

For our honeymoon, we'll be on property for a few nights, and his parents are mad at us for not staying at the timeshare. So I know it's not an issue I can really do anything about. I love Orange Lake, don't get me wrong. I just don't like that my vacation has been planned for me & my future kids for the rest of my life.

I sound ungrateful :guilty:

chris7
04-29-2008, 01:42 PM
Because we can stay in a gorgious 3 bedroom townhome with it's own pool just minutes from AKL for SO much less.

I don't knock timeshares in general. They make sense for some people. I think if your financially secure and this is something you want to do then it's great. But I think financing one is a bad idea.

ChickieToo
04-29-2008, 01:44 PM
Again, not trying to sway a decision here, but just trying to provide some mitigating factors

The piece of the puzzle that makes it so attractive, is that the increase in hotel rooms prices over time are much greater than the dues increases have been. So, although prices continue to rise, when you add the dues to the purchase price and ammortize it over many years, the overall cost of your DVC Villa becomes much more cost-effective than the yearly price increase in regular hotel rooms.

This isn't an investment vehicle at all, but rather a hedge to stabilize the cost of your hotel stays over time. Let's face it, Disney wouldn't do this if they didn't make money on it. But it has to be a win-win, or else it wouldn't fly.

micmacmissy
04-29-2008, 01:49 PM
Again, not trying to sway a decision here, but just trying to provide some mitigating factors

The piece of the puzzle that makes it so attractive, is that the increase in hotel rooms prices over time are much greater than the dues increases have been. So, although prices continue to rise, when you add the dues to the purchase price and ammortize it over many years, the overall cost of your DVC Villa becomes much more cost-effective than the yearly price increase in regular hotel rooms.

This isn't an investment vehicle at all, but rather a hedge to stabilize the cost of your hotel stays over time. Let's face it, Disney wouldn't do this if they didn't make money on it. But it has to be a win-win, or else it wouldn't fly.

Actually, the increase of annual dues grows at a greater pace than the increase of hotel room prices. Check the DVC info on the mousesavers website; they have crunched all the numbers and it's right there in black and white!

The situation is not win-win from a financial perspective. Disney is laughing all the way to the bank on DVC. One last quote from the mousesavers article:

Some people just want to lock in an annual vacation at Disney with family and friends, regardless of whether it's a "good deal" or not. Ultimately many DVC members have joined because they found the membership emotionally satisfying -- and that's a hard thing to evaluate.

mom2rose&john
04-29-2008, 01:54 PM
We have a timeshare that allows us to stay at one of the resorts if we want to.

DVC Jen
04-29-2008, 02:01 PM
I have not bought because of the maintenence fees, the maintenence fees cost just as much or more than a stay.

I also don't like the no housekeeping, but that wasn't a factor in my choice not to buy.

my maintenance fees are less than 700.00 a year. We stay on average of 8-11 nights a year - all at one time. I can't stay in a value resort that long for less than 700.00

my personal feeling is that most people don't buy in because of fear. It is one huge chunk of change - I give ya that. We financed for 10 years back in 2001 - and have already more than gotten our moneys worth out of it.

As a matter of fact - DVC has allowed us to vacation at Disney - Vero Beach and a cruise - in ways that we never would have been able to without. :thumbsup2

The thing that really sold it to us - we can easily exhange for over 300 places around the world - it is not ONLY Disney.

Other than our home - it is truly the best investment we have ever made. YES - I do consider it an investment. It is an investment in my family - my sanity and the quality of our lives in the future.

DisFlan
04-29-2008, 02:01 PM
Yikes! These dues are a lot...no matter how you look at it?! After paying your yearly dues, I don't see how that initial $20-30K pays for itself??:confused3

You don't have to do DVC that way. If you pay cash, there's no finance charge. And you don't have to buy the whole 160 points or a "$20-30k" contract (that would be a 200-300 point contract). You can buy a smaller (less than 160 pt.) resale contract for far less than Disney would charge for the same number of points - and thus have lower dues and fees than with a "full" 160 pt. contract. Including the fees AND what we paid for our contract, DVC has saved us several thousand dollars on what we would have paid for deluxe hotels. And that's just to this point. Every time we go in the future, the savings increase. Disney's hotel rooms increase in cost about 5% a year. The DVC villas don't - they're pre-paid.

But all this depends on how you'd use DVC, too. If you only go every 3 or 4 years and are happy to stay at a value resort, DVC probably won't do you much good.

DisFlan

ChickieToo
04-29-2008, 02:02 PM
Sorry, I hadn't read the post about purchasing electricity now, etc. or I would have responded in my above post.

But my answer is yes, if I could pay $16,000 for electricity now and have it for the next forty years at that stabilized price regardless of what the market was doing and how much electricity cost per kWh in the future, I would certainly purchase it. Not as an investment, but to stabilize the price of something I knew I was going to use.

This is why, when my oil company came out this summer and asked if I wanted to buy all my oil then for the locked in prices of $2.89 a gallon, I said yes, and wrote the check. This way I had a hedge against the price which, in my area, is now about $4.00/gallon.

There is no cut and dried answer to this question, you just have to do what works better for you and your family, and realize that other people are doing the same.

As far as discounting sites are concerned, I don't always think the less expensive alternative is the best, again depending on circumstance.

Regarding dues: Here is a link to posts on the historical increase in dues.

http://personalpages.tds.net/~rb/DIS/DVC/DVCDuesHistory.htm

I'd rather have a 5% increase on $4.00 dues than a 5% increase on $250 which is what the BC cost us during October in 2001 which is the year we bought.

Again, different strokes.

DVC Jen
04-29-2008, 02:16 PM
If the increase in room prices and the increase in maintaince fees remain the same it would take 12.5 years to recoup my initial $15,300 investment.

That is buying resale at $85 per point for 180 points at AKL and using the points to stay in a one bedroom Savanah View Room during Regular Season.

my maintenance fees have increased by merely a few dollars a month since we purchased in 2001 - how much have room rates gone up?

I think we stared out paying 56.00 a month (we pay a bit less because we have it automatically deducted from our checking each month) and right now it is 60.00 a month. That is a total of 48.00 increase in 7 years.

I agree that it is NOT for everyone - but for us - knowing the we have our vacation accomodations paid for - until 2042 - when I will be 76 and DH will be 79 - that is nice. I have no idea if we will still be around by then - but we can pass it onto our children and they can use it for Disney - Hawaii, London, an African SAfari - what ever they want.

No it is not to be seen as a monetary investment - but that quality family time we KNOW we have each and every year - means more to me than the almighty $ ever will.

ERMama
04-29-2008, 02:16 PM
My parents bought a used (non point system) timeshare for about $5000. Its in Orlando right by Disney and is a beautiful 3 bedroom 3 bath with full kitchen. They get whatever week they choose and often trade out for other resorts thru RCI. Their yearly dues are also around $700.

If they want to go somewhere for a week in a 1 bedroom they get an "extra week" at a 2 bedroom basically.

We freeload off them for now (well, we pay for rental car and this year are helping out with their plane tickets). They are great babysitters. It all works out for us.

Minniemouse07
04-29-2008, 02:20 PM
We don't have an extra $15K laying around and we can't afford a second mortgage!

Mouseaholic!!!
04-29-2008, 02:26 PM
Actually, the increase of annual dues grows at a greater pace than the increase of hotel room prices. Check the DVC info on the mousesavers website; they have crunched all the numbers and it's right there in black and white!

The situation is not win-win from a financial perspective. Disney is laughing all the way to the bank on DVC. One last quote from the mousesavers article:

Some people just want to lock in an annual vacation at Disney with family and friends, regardless of whether it's a "good deal" or not. Ultimately many DVC members have joined because they found the membership emotionally satisfying -- and that's a hard thing to evaluate.


Thanks for the information - just took a look on Mousesavers. More convinced than ever that DVC just isn't a good idea for travel choices.

DisFlan
04-29-2008, 02:32 PM
Would you pay your electric company $16,000 upfront for electricity?

Would you pay Macy's $16,000 upfront for clothes for the next few years?

Of course you wouldn't...because it makes no sense financially.

LOL! I'd have bought upfront electricity in a heartbeat! I wish I could have a year ago. Ours has doubled in cost. And the clothes, too - over 34 years (the life left on our DVC contract), either one would be a HUGE bargain.

All facts and figures aside, we didn't buy DVC as an "investment". We bought it because we love WDW and we knew we'd be vacationing there. We go elsewhere as well, but we know we'll be at Disney World at least every year or year and a half.

DisFlan

nytimez
04-29-2008, 02:41 PM
Actually, the increase of annual dues grows at a greater pace than the increase of hotel room prices. Check the DVC info on the mousesavers website; they have crunched all the numbers and it's right there in black and white!

The situation is not win-win from a financial perspective. Disney is laughing all the way to the bank on DVC. One last quote from the mousesavers article:

Some people just want to lock in an annual vacation at Disney with family and friends, regardless of whether it's a "good deal" or not. Ultimately many DVC members have joined because they found the membership emotionally satisfying -- and that's a hard thing to evaluate.

That's a more than a little misleading. Here's what the article concludes when it comes to dues vs. room rate increases:

I think it's fair to guess that dues increases and resort rate increases may be roughly equivalent over time. I based my calculations below on that assumption. If you think resort rates will go up faster (and they might) than DVC dues increases, that will tend to make DVC membership look more attractive.

The examples they use show cases where DVC points inflation have been LOWER than the average annual room rate increase, as well as the reverse.

The article also explains how and when a DVC membership makes financial sense. Not for everyone, to be sure, but there are plenty of people that it has worked for, and the Mousesavers article acknowledges that.

Buying a DVC membership is a rational, financially viable option for some people: namely people with the cost of the initial purchase already sitting in the bank, who plan to stay in the higher-end accommodations at Walt Disney World on a regular basis.

chalee94
04-29-2008, 02:43 PM
Actually, the increase of annual dues grows at a greater pace than the increase of hotel room prices. Check the DVC info on the mousesavers website; they have crunched all the numbers and it's right there in black and white!

maybe you need to polish those reading skills a bit...:rolleyes:

what mousesavers ACTUALLY says is:

Here are some examples of historical increases:

Old Key West Resort, the oldest of the DVC resorts (thus having the longest track record) had dues of $2.51 in 1991 and in 2007 has dues of $4.40. That means it has averaged a 3.57% increase, compounded annually.

Boardwalk Villas has gone from $3.70 in 1996 to $4.85 in 2007, an average annual compounded increase of 2.49%.

Villas at Wilderness Lodge has gone from $3.62 in 2000 to $4.73 in 2007, an average annual compounded increase of 3.9%.

...To be fair, the cash cost of staying in one of Disney's resort rooms has also gone up significantly over time, and the cash cost of a resort room starts out much higher than the dues for an equivalent stay. Like the DVC resort dues increases, the rate increases at the Disney resort hotels are not consistent. For example:

In 1992 a standard room at Caribbean Beach Resort in regular season cost $77, while in 2007 it is $165 -- a 5.2% increase, compounded annually.

In 1998 a standard room at Yacht Club in regular season cost $280, while in 2007 it is $359 -- a 2.8% increase, compounded annually.

...I think it's fair to guess that dues increases and resort rate increases may be roughly equivalent over time. I based my calculations below on that assumption. If you think resort rates will go up faster (and they might) than DVC dues increases, that will tend to make DVC membership look more attractive.

mickeymousemom
04-29-2008, 02:45 PM
I haven't read the rest of the thread, but here's my answer:
We already own thru Bluegreen and have membership thru both RCI and II. I guess the main reason we don't sell and buy DVC is because its not a permanent thing. With Bluegreen, we can deed it to our kids and 100 years from now, it can still be in the family. Bluegreen itself has 2 Orlando resorts, one with a brand new waterpark. Also, when we bought into it, we were able to get lifetime bonus time(they haven't done this for years now). That means we are able to NOT have to use our points and we can get a condo for 60-80 dollars a night. Yes, DVC would be nice. We love being on property and stay at POR once a year. We also go down in the summer and stay at the Fountains off site once a year. We wouldn't give up staying onsite, but we also won't give up having a timeshare that allows us to stay all over the country, trade thru 2 exchange clubs, lifetime bonus time...and most of all, we won't give up having a timeshare that we can leave to our kids and have forever.:)

perfectparanoia
04-29-2008, 02:47 PM
I like this part of DVC. Never let housekeeping in my room when I stay in a hotel either. I like my space and cleaning up after myself. (Note: I am a total freak.)

wmdaddy
04-29-2008, 02:58 PM
No it is not to be seen as a monetary investment - but that quality family time we KNOW we have each and every year - means more to me than the almighty $ ever will.

I agree with that as well. I choose not to buy because regardless of whether or not we own DVC, we still need to get down there, still need park passes, and still need to eat. It's reassuring knowing that if things aren't going well one year, we don't have to worry about making monthly payments. If I had the cash it would take to pay DVC off up front, I wouldn't hesitate. To finance vacations, just doesn't make sense to me.

DisFlan
04-29-2008, 03:03 PM
.... We wouldn't give up staying onsite, but we also won't give up having a timeshare that allows us to stay all over the country, trade thru 2 exchange clubs, lifetime bonus time...and most of all, we won't give up having a timeshare that we can leave to our kids and have forever.:)

DVC has the same exchanges, and a few more besides. Our son's name is on our contract (and he works for Disney, to boot). We'll be in our 90's in 2042 when our contract expires. Our grandchildren will have gotten good use out our membership by that time, and at that point, our son can do what he wants with it. I'm sure he'll have gotten a good deal on another contract by then.

DisFlan

Dallas_Lady
04-29-2008, 03:07 PM
I think it's fair to say that buying into DVC is a good idea if you like to stay at Deluxe resorts more than once a year. If you don't fall into that category (which I don't), then you won't feel like you got your money's worth.

And as a whole, people don't buy into DVC because it's a great price break. They like the convenience of being members and the added perks that it brings. That is where the value lies, not in the fact that you will save money. Because at best all you will do is break even.

TheRustyScupper
04-29-2008, 03:17 PM
1) We don't pay "retail" for timeshares, as we buy "resale" at 50% off.
2) We don't want to do Disney every year.
3) We don't think there are enough activities if you do a "resort-only day".
4) We don't want to call for our vacation dates, as we like a fixed week.
5) We don't want to be tied to WDW.

chalee94
04-29-2008, 03:22 PM
Few reasons for us:

6.I don't like that after a set amount of years, you don't own it and you can't pass it on.

7.The dues, regardless of what anyone tells you, are VERY expensive.

i agree with most of your reasoning. if "vacation resort" = "daily housekeeping" to you individually, then that is a big negative for DVC. the value does vary depending on how you use it - including more weekend nights in your plans will make the value go down considerably. if you prefer hotel rooms to villas, then OKW's studios are the only comparable option (having 2 queen beds) - and i agree that the sofabeds are inconvenient for a lot of people.

but 6 & 7 seem a little contradictory to me. if the dues are really that expensive, i don't see why you'd be disappointed not to be able to pass it on (i.e. saddle your kids with a 50 year old property with enormous maintenance fees and a major assessment to refit the property just around the corner.) :confused3

wmdaddy
04-29-2008, 03:26 PM
but 6 & 7 seem a little contradictory to me. if the dues are really that expensive, i don't see why you'd be disappointed not to be able to pass it on (i.e. saddle your kids with a 50 year old property with enormous maintenance fees and a major assessment to refit the property just around the corner.) :confused3

It's very contradictory - But nevertheless, it's 2 negatives. It would be idea if maintenance fees were cheap and it could be passed on, or at least one or the other. As it turns out, it's neither.

jimmalru80
04-29-2008, 03:27 PM
1) I don't really understand it and I am way too lazy to take the time to learn about it. My friend at work is a DVC member and he's tried to explain the points to me, but it just does not register.
2) $$$$$

a Really Bad Egg
04-29-2008, 03:31 PM
...my question goes to those who got to WDW every year, especially those who pay to stay in Deluxes, and have chosen not to buy DVC?

I think the OP wanted opinions from those who do WDW every year (especially those who do the deluxes) that chose not to buy DVC.

:lmao:

chalee94
04-29-2008, 03:37 PM
1) I don't really understand it and I am way too lazy to take the time to learn about it. My friend at work is a DVC member and he's tried to explain the points to me, but it just does not register.
2) $$$$$

1) seriously, it takes some time to figure out, but the DIS makes it a lot easier to learn the ins and outs to see if DVC would be worthwhile. i'm still trying to read the TUG boards to figure out how to understand other timeshares...

2) i bought a small resale for less than $4000 and my maintenance fees are about $15 a month. people throw around numbers like $16,000 but couples/small families who want onsite annual trips to wdw can start smaller than that if they are willing to accept some limitations.

Blessed_wth_Triplets
04-29-2008, 03:49 PM
1) seriously, it takes some time to figure out, but the DIS makes it a lot easier to learn the ins and outs to see if DVC would be worthwhile. i'm still trying to read the TUG boards to figure out how to understand other timeshares...

2) i bought a small resale for less than $4000 and my maintenance fees are about $15 a month. people throw around numbers like $16,000 but couples/small families who want onsite annual trips to wdw can start smaller than that if they are willing to accept some limitations.


Really??!!! Now that sounds very reasonable....what exactly do you get for that $4,000 and $15 a month?

Tam1067
04-29-2008, 03:54 PM
I love the Polynesian and need my daily housekeeping! I don't want to be locked into something for long term.

chalee94
04-29-2008, 04:00 PM
I think the OP wanted opinions from those who do WDW every year (especially those who do the deluxes) that chose not to buy DVC.

:lmao:

yeah, i was going to stay away...but then i saw posters making dishonest statements about other websites' evaluation of DVC and couldn't stand it...
(*DOH!* :headache:)

to help get back on track, there are lots of good reasons to balk at buying DVC:

1) thousands of $ upfront plus annual fees require a certain level of financial ability and commitment (and still need to pay for tickets and travel, etc.)
2) commitment to wdw/fear of wdw burnout (sorta - while you can trade out, the best value is staying at the DVC resorts)
3) DVC not as deluxe as deluxe hotels in some senses (limited housekeeping, sofabeds, no room service at some DVC resorts)
4) prefer to stay on weekends and weekend point costs are OUTRAGEOUS
5) financing a depreciating (sooner or later) luxury purchase is generally a poor idea
6) happy with value hotels
7) want to stay at a monorail resort (pending "kingdom towers" announcement)
8) amenities like a kitchen and washer/dryer have no value for me
9) i don't/can't plan my vacations 6+ months in advance
10) i enjoy hunting for deals/bargains for each trip

sarahlovesmickey
04-29-2008, 04:03 PM
we don't because we have a timeshare through II that allows us to go anywhere in the world. Granted it is only for 2 weeks every other year, but at some point, we may buy another one for the years that we don't have our 2 week one (hope that made sense! LOL) The DVC option just isn't a good option for us...we have ran the numbers twice and come to that conclusion twice.

cymbaldiva
04-29-2008, 04:08 PM
I have not bought DVC because I am poor! :rotfl:

thegrimdwarf
04-29-2008, 04:13 PM
Honestly, for us, we aren't an All About Disney family. As much as DH and I have enjoyed Disney in the past, it's not ever going to be what we want to do for vacation every year. My parents are looking into buying, and this has become a real issue because I won't promise them we'll make the trek on a yearly basis just so they can justify the cost.

(ducking and running for cover.....)

My aunt and uncle bought in about 8 years ago, and I do believe they have regrets. It was their intention to have these wonderful family vacations with their kids and grandkids joining them. They are all there this week, and I was just talking with my cousin last week - she was dreading the trip because her 8 year old is "soooo tired of going to Disney!".

chalee94
04-29-2008, 04:16 PM
Really??!!! Now that sounds very reasonable....what exactly do you get for that $4,000 and $15 a month?

5 weeknights a year in a studio at OKW for the next 34 years, during a "low season." (if i go every other year, i can stay a full week - as 2 weekend nights roughly equal the point cost of 5 weeknights.)

i like going to wdw when the decorations are up and the parks are (relatively) less crowded in late nov/early dec, and that's an option as a "low season." i like the laidback feel of OKW and the 2 queen bed setup in the studios there. i like the onsite benefits (EMH, magical express) and the (limited as they are) DVC dining perks. i have the flexibility to avoid weekend nights and have family in FL, so i'm going to be down that way anyway (and it's convenient to stop and see them on the weekend before or after a wdw trip.)

OTOH, i'm limited in trading out since i only have a small contract, and even trading out to another DVC resort (or staying at a busier time of year) would require borrowing pts since most studios cost more than 8 pts per night. also, i don't really stay long enough to benefit from the $100 AP discount which is can be a huge perk of membership for some.

so there are certainly limitations to consider, but it's worth it to do the math to see if DVC works for your individual situation. at least be aware that smaller resale contracts may fit your situation better than a $16000+ contract.

disfan07
04-29-2008, 04:21 PM
my parents never bought for one main reason....we could never justify spending that much money when we are perfectly happy with staying at the value and moderate resorts...its all a matter of whether or not it works for your family...i think the idea of DVC is great, it just doesnt work for my family

Amirah95
04-29-2008, 04:23 PM
My DH and my DD12 prefers to stay-offsite because there is more to do (2 against 1 at the moment), we're saving up for a trip around the World when we retire (taking our girls with us) and we have college tuition to save up for as well. If we didn't have these goals we would gladly buy into DVC in a heartbeat because I want it.

suzimar57
04-29-2008, 04:26 PM
i had wanted to, and had the money - but DS went to college, his father refused to help pay half like he promised, so i wound up paying....

no DVC at CR, like i'd dreamed of - oh well, life happens.

Taja
04-29-2008, 04:26 PM
I'm a "sometimes deluxe resort" WDW guest, but tend to stay at values simply because I don't use most of the amenities at a deluxe resort!

That said, I have conisdered DVC, but would only purchase it if:

1. I had purchase price up front for enough points to visit every two years for two weeks (without changing resorts for weekends).
2. I could purchase a resale contract for 10 to 15 years.
3. I had the expected dues tucked away in savings.

I'm middle-aged with no children, so a long-term contract doesn't interest me. I don't see myself visiting WDW in my "golden" years--whenever they may occur! *LOL*

None of those apply at the moment (well, #3 does, but that's it!), so DVC is not a good value for me at this time in my life.

I can see where it could be for others, though!

ObsessedwiththeMouse
04-29-2008, 04:31 PM
We haven't bought DVC simply b/c we get my brother's cast member discount for our hotel room. Last Christmas, we stayed at the Poly for 5 nights and paid $222/night.

kjetjl
04-29-2008, 05:38 PM
I have been pondering DVC.
All of the posts, for and against the DVC have been interesting.
I have never read anywhere in my research what happens if DH and I passed away? Would the contract be 'inherited' by our kids until the expiration date?
And what would happen if hard times hit and one couldn't sell resale or pay dues?

DVC Jen
04-29-2008, 05:41 PM
I agree with that as well. I choose not to buy because regardless of whether or not we own DVC, we still need to get down there, still need park passes, and still need to eat. It's reassuring knowing that if things aren't going well one year, we don't have to worry about making monthly payments. If I had the cash it would take to pay DVC off up front, I wouldn't hesitate. To finance vacations, just doesn't make sense to me.

I understand and respect that. DVC is the ONLY part of our vacations that we have ever financed - everything else we save up for all year long and is paid with cash.

It all comes down to personal choice and what is best for each individual/family. For us - being able to stay in incredible accomodations for alot less than we would pay out of pocket (in the long run - not short term) has made a lot of sense for us.

I am also really looking forward to at some point using my DVC points for trips around the country and outside the country.

DVC Jen
04-29-2008, 05:50 PM
I think it's fair to say that buying into DVC is a good idea if you like to stay at Deluxe resorts more than once a year. If you don't fall into that category (which I don't), then you won't feel like you got your money's worth.




That is EXACTLY what our guide told us face to face when we bought in.

The trip we decided to buy in - we were staying at the Wilderness Lodge for the first time - fell in love with it. Checked out the villas - loved them too.

We had a courtyard room - with a discount and was still paying about 180.00 a night for 10 nights. Since buying into DVC we have stayed a total of 7 nights in a one bedroom (415-615 a night - rack) 40 nights in a studio (305-465 a night rack) and 5 nights in a 2 bedroom (590-1075 - a night rack). This coming June you can add 11 more nights in a studio to that.

It has more than paid for itself for my family - no doubts.

DaisyD
04-29-2008, 05:51 PM
We haven't bought DVC because of a few reasons. I don't want to see a kitchen on vacation. I prefer deluxe hotels. DVC reminds me too much like condos. I love the Poly. I would rather spend more to stay at the Poly then save and buy DVC.

castleeto
04-29-2008, 05:54 PM
I just haven't been able to talk dh into it... yet...

He's not sure he wants to be committed to an annual WDW vacation, but we just booked AKL again for October, which will make it 3 years in a row, so I think he's starting to realize the value for us. Hopefully I can break him down with this next trip!!! :rolleyes1

CanadianGuy
04-29-2008, 06:01 PM
The moderators puzzled on this one.. because it's really not a ThemeParks topic.. but it doesn't seem like a DVC topic either.

After discussing it - we've agreed that Disney Resorts is probably the best fit for this thread.

See ya there!

Knox

las3888
04-29-2008, 06:03 PM
We did buy a few years ago, but I feel qualified to answer your question because we held off for YEARS. Here's why: at the time when we didn't buy, we were able to stay in the deluxes with really good discount codes in the off-peak times. Well slowly but sure, to us at least, the codes really started to dry up, and they are definitely not what they used to be (or it's free dining, which isn't exactly what we were excited about--we wanted to save real hard cash). Plus, it was just an annoyance to hope for a code that may never ever come.

We also didn't want to pay so much up-front OR finance, so we looked at buying a small contract on resale, which is exactly what we did. I think it was 100 points. It was cheaper than full price, plus we didn't have to purchase the minimum 150 points which was the requirement at the time.

Fast forward several years -- DH wonders why we waited so long (he was the one who held off mostly).

As a side note, I thought I would really miss mousekeeping. I don't at all. I now find whenever I stay in ANY hotel, whenever we have to leave the room, I always have a certain level of anxiety that somebody will be in here in and amongst our stuff. Plus, we would leave, and often find the maid there when we really wanted to go to the bathroom, or we were just back from the pool, or any other majorly inconvenient time. OR, they hadn't come STILL, and DS had to have a nap or something. In the end, I now find it all an annoyance. We are fairly tidy people anyways. We don't mind re-using our towels either.

BroganMc
04-29-2008, 06:08 PM
I can tell you why I didn't purchase back in 2002 when I first looked into it. The price and points. At the time I had just purchased a Marriott week. I understood Marriott hotel points and floating weeks. Marriott was about $5-$7k cheaper than Disney. But I just didn't understand the whole points per night and season system. It confused me no end as I couldn't figure out how many points we'd need.

When I had my fill of Marriott purchases, I went back and looked it over again in '06. That time studying the point charts and realizing just how I like to vacation in Orlando made it possible for me to get a handle on it.

Markstudy
04-29-2008, 06:22 PM
I like to go ever year and stay at the deluxe resorts.

Have you ever heard of the GOLDEN RULE? "he who has all the gold, makes all the rules" :thumbsup2 If I give them my $16,000 up-front and then have to follow a maze of rules, restrictions, fees, and worry about possable future changes (in cost cutting).... who has all the Power in this relationship :confused3 NOT ME :guilty:

I go to a deluxe, and each year- I can ask Disney if they want my money and what they are going to do to earn my business? Sort of like the people that complained they got bad service when the Dining Plan included a mandatory tip... Server's had no incentive to work for their money.

MY SECOND POINT.... is why does DISNEY make it so complicated? If something is a good deal, make it soooo simple that everyone can see what a good deal it is :banana: If something is NOT :cool2: such a great deal... make it very complicated so the buyer doesn't have a easy time doing the math... :headache: and figuring out exactly what he gets.

MY LAST POINT...
I don't want to compete against other DVC owners for the best time of year to go, for the best resort, or the best rooms. :3dglasses Every year they sell more and more DVC's and the people find DisBoards and get all the best tips. You all end-up competing for things like those 2 weeks at Christmas time LOL

mjhd
04-29-2008, 06:24 PM
We did not buy because:


the maintenance fees are too high

free dining is a much better option for us


Now, with that being said, we may buy in the future. I think that it is definitely a bargain for what you get and with the option to rent your points to others it could be a money maker. Right now, though, as long as there is free dining, there will be no DVC for us :)

Millie12591
04-29-2008, 07:01 PM
I think the main reason we haven't bought is b/c we're eligible to stay at SOG... I watch the resales, I have done a lot of research on DVC and it looks pretty tempting, but I think the bottom line is, we can stay at SOG and have no commitment. I also fear how much they'll raise the annual dues, there's no housekeeping unless you pay for it...:confused3 so, for now.. SOG wins.

SOG?

DrDeb
04-29-2008, 07:06 PM
toured SS and Boardwalk as we are interested BUT i'm waiting for Kingdom Towers :goodvibes

disneyoverload
04-29-2008, 07:07 PM
SOG?

It is a resort for former/current military personnel that offers discounted rates for themselves and their families. It is on Disney property in between a few golf courses right near the Magic Kingdom. I think I have read that the accomodations are similar to those in Disney's deluxe level hotels. :)

HeyIt'sMe
04-29-2008, 07:14 PM
To be honest, I don't know that much about DVC - I've never really researched it before. I guess because I'm afraid I'll want it! Cha-Ching!

My ILs talked to a DVC rep during our WDW trip in September 2000. They didn't buy it but now my MIL says she wishes she did since it costs much more now than it did almost 8 years ago.

Crisgw
04-29-2008, 07:24 PM
I just don't see it being a good fit for us. Even going every year and spending 4k on each trip (air included and park tickets) at a deluxe resort. If we took our initial buy-in and put that cash into an investment acct, we could most likely fund the WDW vacations we want to take for quite some time. It's just not for us but I can see the appeal!

rie'smom
04-29-2008, 07:26 PM
I have been pondering DVC.
All of the posts, for and against the DVC have been interesting.
I have never read anywhere in my research what happens if DH and I passed away? Would the contract be 'inherited' by our kids until the expiration date?
And what would happen if hard times hit and one couldn't sell resale or pay dues?.
If you or your husband passes away, your kids would inherit.

disneymd33
04-29-2008, 07:33 PM
I've really looked into it myself. My parents bought into it a couple years ago and have bought more points a couple times since. The thing that keeps me away is that they have a very hard time making reservations anymore. Disney has really been advertising the heck out of the DVC in the past 3 years and sales have skyrocketed. When my parents first joined (about 7 years ago) they had no problems making reservations a couple weeks in advance. Now, if they don't make them at their home resort about a year in advance, they are always on waitlist. I know they are building more DVC resorts, but the other night I saw Disney is now advertising to the public to rent a DVC room for almost the same price as a Deluxe Resort. What I don't understand is why it's suddenly so hard to book a room, especially when non-DVC members can rent one of the rooms.

carolinagirl
04-29-2008, 07:33 PM
Wow...you've received lots of replies already. I haven't read all of them so I hope I'm not repeating what someone else had already said. We were very seriously considering buying a DVC resale until I found out how much the annual maintenance fees are :scared1: . Wow! Talk about steep.

We have a points based timeshare with another company. The maintenance fees are considerably less and the timeshare itself is paid for. We were able to trade a week at one of our company's resorts for a week at VWL during the exact week that we wanted to go this year through Interval International. I know we aren't eligible for the other perks associated with DVC ownership, but this route is going to work for us for now without having to expend any additional money.

kaysmommie
04-29-2008, 07:43 PM
Well we should have bought it back in 2001 when we first thought about it since the price was lower and we have only stay at Deluxe since then until this March when we took and extra trip to Pop this year. It would have been worth the cost.
Now the price has gone up and we don't have $16,000 or more in a lump sum. We pay for our trips every year with money we save or our tax return. We don't want to finance DVC then it doesn't make financial sense. Lots of my friends own DVC and they love it. Also they have lots of points, much more than the $16,000 contract buys.

Markstudy
04-29-2008, 08:00 PM
a very hard time making reservations anymore. Disney has really been advertising the heck out of the DVC in the past 3 years and sales have skyrocketed. When my parents first joined (about 7 years ago) they had no problems making reservations a couple weeks in advance. Now, if they don't make them at their home resort about a year in advance, they are always on waitlist. .

Yep that's what I say :chat: :jumping1: :rainbow: party: :chat: Crowds keep going up....booking times keep getting pushed further and further back. You have no control.

Crisgw
04-29-2008, 08:13 PM
Isn't the DVC not a permanent investment as a condo would be? Don't you have to relinquish your rights after 50 years?

hoosiergirl7
04-29-2008, 08:38 PM
We just got back from WDW and a 6 night stay at WL. This is the first time we stayed at a deluxe. We loved it and are planning a trip the first week of Dec and staying at the Poly. As much as we liked WL we realize that we really need a monorail resort for several reasons:

1. We spend most of our time between Epcot and MK

2. I have some minor health issues that don't always make it easy for me to do a lot of walking and if I don't have to walk to buses on a regular basis to go to a park that's better.

3. I did see the building of the tower at the Contemporary while we were there and it looks like they are building a monorail line to go through it. If this is the case we'll serious reconsider DVC. But as of right now there are no DVC resorts on the monorail.

DH is active duty military. We have 3 yrs left before retirement and are saving diligently so DH can go to law school after retirement. DH is a pilot and does not want to do that any longer. He's flown airplanes since college and enjoys it recreationally but is so burned out on doing it for a living.

I just don't see myself staying anywhere else but Poly or GF. Plus I agree with a lot of the other posters who said that you pay $16K for something you don't own.

bigbabyblues
04-29-2008, 08:42 PM
I've thought about it, but we usually do longer trips (10 days, normally), and from what I've seen (haven't done a ton of research), we'd need way more points for that than we can afford without financing, and we don't want/need another payment right now. We don't mind the value resorts at all either, so we're good without it.

lindakmonty
04-29-2008, 08:47 PM
SOG?

It is a resort for former/current military personnel that offers discounted rates for themselves and their families. It is on Disney property in between a few golf courses right near the Magic Kingdom. I think I have read that the accomodations are similar to those in Disney's deluxe level hotels. :)

exactly! www.shadesofgreen.org

they're compared to deluxe rooms. they are much larger than deluxe rooms though! very nice place, w/table and chairs, refrigerator, daily housekeeping and price depends on your rank. This Dec. will cost us $117 per night and there is no tax :woohoo: I just can't see paying for DVC when we can stay at Shades. Its just a short walk from the Poly:cloud9: plus if they are sold out, sometimes Disney will offer a discount at one of the disney resorts. That is why we stayed at the Poly in Dec. 07:love: we got an overflow rate. It equaled like 20% off...I'll take it:yay:

wmdaddy
04-29-2008, 09:23 PM
Another reason I forgot to list:

It works out pretty evenly if you consider rack rates, the rate at which they are increasing versus DVC points, annual dues and the rate at which they are increasing. However, the absolute best you can hope for with DVC, is that the price doesn't go up. It will never go down. With resort rates, though not a guarentee, there is always a possibility of discounts, such as AAA or Annual Pass. You factor in the money you'd be ahead by getting a discount every now and again, and you're making out much better.

rie'smom
04-29-2008, 09:27 PM
exactly! www.shadesofgreen.org

they're compared to deluxe rooms. they are much larger than deluxe rooms though! very nice place, w/table and chairs, refrigerator, daily housekeeping and price depends on your rank. This Dec. will cost us $117 per night and there is no tax :woohoo: I just can't see paying for DVC when we can stay at Shades. Its just a short walk from the Poly:cloud9: plus if they are sold out, sometimes Disney will offer a discount at one of the disney resorts. That is why we stayed at the Poly in Dec. 07:love: we got an overflow rate. It equaled like 20% off...I'll take it:yay:


We stayed here in 1982, the year wewere married. We walked to the Poly to hop on the monorail. It was called the Golf Resort and was really nice.

shelly3girls
04-29-2008, 09:51 PM
Another reason I forgot to list:

It works out pretty evenly if you consider rack rates, the rate at which they are increasing versus DVC points, annual dues and the rate at which they are increasing. However, the absolute best you can hope for with DVC, is that the price doesn't go up. It will never go down. With resort rates, though not a guarentee, there is always a possibility of discounts, such as AAA or Annual Pass. You factor in the money you'd be ahead by getting a discount every now and again, and you're making out much better.

Although this is true, DVC members also have the benefit of $100 off/person on annual passes. This is a huge benefit for our family of 5. At the current prices I am not sure we would have bought DVC. We are very thankful to have bought in over 5 years ago when it was much more affordable.

To answer an earlier question about why people can book cash DVC when members cannot get reservations with points, Disney maintains a certain % ownership of each DVC resort which they rent out in cash.

Momelie
04-29-2008, 10:10 PM
to help get back on track, there are lots of good reasons to balk at buying DVC:

1) thousands of $ upfront plus annual fees require a certain level of financial ability and commitment (and still need to pay for tickets and travel, etc.)
2) commitment to wdw/fear of wdw burnout (sorta - while you can trade out, the best value is staying at the DVC resorts)
3) DVC not as deluxe as deluxe hotels in some senses (limited housekeeping, sofabeds, no room service at some DVC resorts)
4) prefer to stay on weekends and weekend point costs are OUTRAGEOUS
5) financing a depreciating (sooner or later) luxury purchase is generally a poor idea
6) happy with value hotels
7) want to stay at a monorail resort (pending "kingdom towers" announcement)
8) amenities like a kitchen and washer/dryer have no value for me
9) i don't/can't plan my vacations 6+ months in advance
10) i enjoy hunting for deals/bargains for each trip


Thank you!!!!

We had been batting the DVC idea around for a while now, trying to decide, and this did it! A solid 8 out of 10 of the above apply to me, for sure!

I'm at Disney probably 20-30 times per year, but all but a couple of those are weekend visits, some long holiday weekends. We do WL for a week once a year in January, and POR for Spring Break. Other than that, just weekends, and values are just fine for that.

After a long week of pounding art history into college freshmen, my favorite thing to do on Friday afternoon is to pick the kids up from school and drive about an hour to my happy place, and just leave all my cares behind! Unfortunately, I have to go back to pounding again on Monday, so I eat lunch at France, and wave goodbye till the next time! All these weekends are totally unplanned (I'll never get to eat at Le Cellier!), and that's the way we like it, so I guess DVC is just not for us at this time.

Again, thanks!

deide71
04-29-2008, 10:45 PM
There are ways to make DVC more affordable:

We originally purchased a 50 point contract via resale for $78/pt. We wanted to get our feet wet. Well, before the ink was dry we added on 150 points during a promotion Disney was having: $83 and change a point.

My initial buy in was $16,500 for 200 points. Due to timing I also received some extra points without dues. So over the last 3 years I paid $2400 in maintenence fees. This was off set by renting points out (220 @$11point =$2420 back). So $18,900 in costs minus 2420 = $16,480 total outlay.

To further muddy the waters;) We decided to sell a one of our 50 point contracts two months ago. Total $ back after commision paid $4000.

I am out $12,480 but have 150 points and have enjoyed:

5 nights at Villas at Wilderness Lodge in a 2br
2 nights at Saratoga Springs in a 1br
6 nights at Old Key West in a 2br
and coming up in August:
5 nights at Saratoga Springs in a 2br.

Being a family of 5 is hard. You really require a 2 br. We decided the weekend point requirements were punitively high (or the weeknights a bargain depending on how you look at it:) ) so we decreased our holdings and we are spending 2 nights at the Fort Wilderness Cabins before moving to Saratoga Springs.

Since we get discounts on AP's (that perk saves us $500:cloud9: ) we will return to Orlando in March for spring break...and we will rent a villa at Windsor Hills.

So the moral of this story is...there are ways to get the system to work for you if you put in some effort. If you plan on staying in only studios or 1brs and avoid the weekends you can buy a small resale contract and make out like a bandit!

tasha99
04-29-2008, 10:54 PM
I just can't afford it until my kids are grown. I would love to own though--when my kids have flown the coup, I'm hoping to buy 150 points or so to take my nieces, nephews, and any future grandkids. That's 10 years down the line though--right now I'm struggling too much financially to buy in.

Tink415
04-29-2008, 11:56 PM
We DIDN'T buy for years because I didn't want to finance the purchase and didn't have enough extra cash to devote to DVC, I also had doubts about being able to fly and purchase tickets every year etc, AND I like to stay at all the different resorts - I like them all :)
We finally purchased a 75 point resale which works well for us, and we'll purchase another 75 point contract when the time is right so each of our children can have DVC.

Reginak
04-30-2008, 12:43 AM
How did you come to that conclusion? The maintenance fees alone are what a Value resort would be. Minumum buy in is 160 points now and at $4.50 per point in maintenance fees, that's $720 a year. You can get a week at a Value resort for that.

With that same 160 pts. you can get a studio at OKW for two full weeks during Adventure (value) season or 4 trips for 5 nights each if you travel Sun. - Thurs..
You get almost the same value at BWV standard view.

Regina

Reginak
04-30-2008, 12:56 AM
We decided to buy while I was in the middle of planning our fourth trip. I realized that the money we were paying on our hotel room was filling Disney's pocket and we would only get to enjoy it for a short time but if we used it as a down payment for DVC then we could get years of enjoyment out of it.

At $200/mo. I don't miss the payments and, once it is paid off, at $600 a year for dues we get a two bedroom villa for 5 nights averaging $120/nt. at the Beach Club. I have never seen a discount that good. And, with adjustments for inflation, Disney promises the same deal to me for 50 years.

If, at any point, you tire of Disney you can probably get a good deal selling the timeshare unless Disney stops taking care of its resorts - but I have faith that will never be a problem.

Regina

Regina

tidefan
04-30-2008, 01:01 AM
Would you pay your electric company $16,000 upfront for electricity?

Would you pay Macy's $16,000 upfront for clothes for the next few years?

Of course you wouldn't...because it makes no sense financially.


I have seen other posts about owning other timeshares. The best thing about DVC is that it is one of the few timeshares to hold its value. Granted, this is up to this point, but a 16 year track record is not bad. So I would pose this question when asked about the upfront dues. Would it change your perspective on the $16,000 in Electricity or Clothes if 5 years after you bought them, you could sell it and recoup most, if not all (maybe even a bit more), of that initial investment and you have gotten 5 years use out of it?

I would never consider DVC as an investment tool, but there has not been a depreciation (at least yet) in fees as Disney keeps prices close to direct on the resale market via Right of First Refusal. If you don't like it after a few years, sell it for about what you bought in for it...

The nice thing about resale, however, is even though you don't save that much $$ per point, you can buy less points than Disney requires for an initial purchase. This is because members can add on (after initial purchase) in contracts as low as 25 points and can then turn around and sell those contracts. You could get into a 50 point contract for around $4300. If it were at Saratoga Springs, your annual maintenance fees on this would be $210.50. This would get you 4-5 nights per year in a studio.

While thinking about that point, one thing that you also need to factor in is that you also have to pay tax on room rentals, something that always seems to be left out when I see various DVC comparisons. Tax for DVC is part of the maintenance fees. Tax at a $150/night CSR stay is an additional $15 per night.

DVC is right for a lot of people and it is equally not right for a lot of people, but there is definitely value to it. I have run various numbers and I look at DVC as allowing me to stay in a Deluxe or Villa style accommodation for the price of what a value would cost me over the same period of time. I do agree that financing DVC would diminish the value of it.

As to the "I have a timeshare offsite" argument, I think that is a different animal. To me, that is analogous to the onsite/offsite argument, i.e., the equivalent argument as to "why stay at the Beach Club when I can stay at the Hyatt?", or "why stay at POP when I can stay at the Comfort Inn?".

mikkiwikki
04-30-2008, 06:31 AM
Ive run the numbers ...

The 'opportunity cost' of allowing disney to have my 16k upfront
is greater than
investing that money elsewhere and simply renting stays.

Other *additional* reasons include
1) DVC is not a deeded property - meaning you cant pass onto your children after 2042. or 2056 depending on resort. So after decades of paying maintenance fees, you have nothing to pass onto your kids.:confused:

2) We have flexibility without DVC of staying at any of the resorts.
3) My money is making money for ME as opposed to making money for disney. no offense walt.
4) We are NOT having to pay maintenance fees which would be 1/2 cost of moderate stay.
5) With the money we earn - we can stay whereever we want. and have no commitment.

OH - and did I mention that right in the DVC literature that they send you - it clearly states that this is NOT an investment. ie. not a money making instrument...ie. purely a luxury item

ElizabethB
04-30-2008, 06:31 AM
We didn't want the yearly maintenance fee.
Points required for weekends are punitively high, and we like to stay weekends - we don't like changing resorts.
We like daily maid service and turn down service.
We don't like the whole timeshare concept.
DVC timeshares end at a fixed date.
Value over time depends entirely on Disney continuing to exercise its ROFR, which they likely will only do so long as they are still building DVC properties.
We often get nice discounts for the DVC properties -- AP, public code, etc.
Disney is canabalizing existing hotel inventory and turning it into DVC inventory, which tells me DVC is extremely lucrative for Disney. If it's so lucrative for the seller, it's something less than a bargain for the person on the other side of the transaction.

dvczerfs
04-30-2008, 06:42 AM
I have seen other posts about owning other timeshares. The best thing about DVC is that it is one of the few timeshares to hold its value. Granted, this is up to this point, but a 16 year track record is not bad. So I would pose this question when asked about the upfront dues. Would it change your perspective on the $16,000 in Electricity or Clothes if 5 years after you bought them, you could sell it and recoup most, if not all (maybe even a bit more), of that initial investment and you have gotten 5 years use out of it?

I would never consider DVC as an investment tool, but there has not been a depreciation (at least yet) in fees as Disney keeps prices close to direct on the resale market via Right of First Refusal. If you don't like it after a few years, sell it for about what you bought in for it...

The nice thing about resale, however, is even though you don't save that much $$ per point, you can buy less points than Disney requires for an initial purchase. This is because members can add on (after initial purchase) in contracts as low as 25 points and can then turn around and sell those contracts. You could get into a 50 point contract for around $4300. If it were at Saratoga Springs, your annual maintenance fees on this would be $210.50. This would get you 4-5 nights per year in a studio.

While thinking about that point, one thing that you also need to factor in is that you also have to pay tax on room rentals, something that always seems to be left out when I see various DVC comparisons. Tax for DVC is part of the maintenance fees. Tax at a $150/night CSR stay is an additional $15 per night.

DVC is right for a lot of people and it is equally not right for a lot of people, but there is definitely value to it. I have run various numbers and I look at DVC as allowing me to stay in a Deluxe or Villa style accommodation for the price of what a value would cost me over the same period of time. I do agree that financing DVC would diminish the value of it.

As to the "I have a timeshare offsite" argument, I think that is a different animal. To me, that is analogous to the onsite/offsite argument, i.e., the equivalent argument as to "why stay at the Beach Club when I can stay at the Hyatt?", or "why stay at POP when I can stay at the Comfort Inn?".
very nicely put. dont forget the the ap discounts and the laundry (i spent $40.00 at the laundy at car.beach last june) and not having to eat out for three meals a day. i agree, this agrument could go on forever. the best part is,which ever you decide, sounds like everyone has a great time the way they like to do it.( i love my king size bed!):grouphug:

minnie61650
04-30-2008, 06:43 AM
Because DVC dosen't have a resort with a monorail location.---yet ;)

letthewookiewin
04-30-2008, 07:13 AM
When we were at WDW last, we took the DVC tour. My DH (that I can barely convince to go to WDW every other year) after going through the whole tour and hearing the prices, even he really wanted to buy in. The only thing holding us back is the credit check. Right now there is no way we could pay cash for it, and with our credit in the shape it's in we could not finance it.

Mickey Fliers
04-30-2008, 08:21 AM
DVC certainly isn't for everyone. We have 3 kids (soon to be four) and DVC was absolutely the best decision. DH is spoiled and insists on the Deluxe resorts. Those rooms were just getting too cramped (and only one bathroom!). Also, my boys go to bed relatively early and it is so nice to not have to go bed at the same time. With our DVC, DH and I can enjoy some alone time after our boys go to bed. Not to mention, with a family of 6, DVC was the most affordable option considering we go to Disney at least once every year.

Oh, yeah, I forgot. We aren't going again until Jan, and were able to rent 1/3 of our points to a friend...paid our whole year's worth of dues.

DisneyMusician2
04-30-2008, 08:30 AM
I just can't afford a DVC as a young professonal with a family.

I wish there was a cheaper alternative or some value DVC (I don't know how that would work, but there it is!)

We can only go every couple of years, but always want to go more, and we really can't afford any buy-in with five figures.

I don't know how you guys can do it!

REL1203
04-30-2008, 08:35 AM
I just can't afford a DVC as a young professonal with a family.

I wish there was a cheaper alternative or some value DVC (I don't know how that would work, but there it is!)

We can only go every couple of years, but always want to go more, and we really can't afford any buy-in with five figures.

I don't know how you guys can do it!

Why dont you buy a resale with like 80 points, and if you go every 3 years, you can bank, and Borrow, and have 240 points for a vacation every 3 years, or 160 every other year... You can get great deals on some weeks with those points

RJD
04-30-2008, 08:40 AM
I have looked into it. We don't go once a year... more like every couple of years, but we probably would go more often if we could afford to, so that's the main reason we haven't joined---MONEY. Although we have considered it and may do so in the future. But with the economy and the price of everything today--who knows? Don't feel confident enough about our future finances to make the investment at this time. Also with 2 boys (14 and 11) college funds are the priority at this time.

Markstudy
04-30-2008, 08:41 AM
Because DVC dosen't have a resort with a monorail location.---yet ;)


My perdition....for existing DVC members- is a 2 year waiting list to book reservations for the Tower with monorail, when finished.

They will sell it to new folks at a premium price (and sell-out) and then everyone that has been in the DVC program for the last 10 years, will also want to stay there!

Mouseaholic!!!
04-30-2008, 08:44 AM
With that same 160 pts. you can get a studio at OKW for two full weeks during Adventure (value) season or 4 trips for 5 nights each if you travel Sun. - Thurs..
You get almost the same value at BWV standard view.

Regina


.....but this theory doesn't work if you work Monday - Friday. Our annual 10-day holiday includes two weekends.....suddenly this theory doesn't work.....not to mention the other long-weekend visits we enjoy each year.

DVC is soooooo much not worth burning vacation days to avoid weekends.

Also.....I travel for work and use my Priority Club points for free hotel rooms....last year alone......

3 nights in Bar Harbor Maine

2 Nights in Vancouver

2 Nights in Anchorage

2 Nights (X 2 rooms for wedding guests) Seward, Alaska

+ a 10 day free car rental at WDW


ALL at no cost - simply by using the points.

Even without the advantages of castmember rates....DVC would be far too restrictive.

I have heard grumbling from my DVC friends who can no longer use their points at WDW as freely because resorts are unavailable. Pay a small mountain of $$$ in advance, expensive yearly fees......cannot get reservations easily anymore.......hummmmmmmm.....hardly a tough decision for us.

Last trip.......I realized I had a free southwest reward flight about to expire. DH hops onto the castmember portal.....long weekend in two weeks.....flights booked.....free car rental arranged......and we are off to the Wildie. THAT's the flexibility and $$$$$ we enjoy.

eliza61
04-30-2008, 09:08 AM
mountain of $$$ in advance, expensive yearly fees......cannot get reservations easily anymore.......[/B]hummmmmmmm.....hardly a tough decision for us.

.
They are doing some thing seriously wrong then. The DVC system works especially great if you can book early. All dvc'ers can book 11 months in advance at their home resort, can't get much earlier than that. Christmas time is probably the only week that is hard to try a new resort.
Don't want to turn this into a debate, I do want to clear up a misconception that most dvc'er don't go other places. Most of us, especially once we've finish paying for our membership travel to many, many other places. We do see the world

Mouseaholic!!!
04-30-2008, 09:20 AM
They are doing some thing seriously wrong then. The DVC system works especially great if you can book early. All dvc'ers can book 11 months in advance at their home resort, can't get much earlier than that. Christmas time is probably the only week that is hard to try a new resort.


Exactly my point.

Most of the DVC people I know are long-long time DVC folks who were comfortable booking far less than 11 months ahead and still having accommodations available to them. The last two trips our DVC friends have used AP reservations or DH's castmember reservations to stay (when we traveled "last minute".....once planned 2 weeks ahead and once 6 weeks ahead).....because their waitlist never cleared for DVC accommodations. That is not the convenience WE experience as non-DVC members and I certainly would not want to spend the $$$ for a system that is not convenient.


By the way....the two reservations were --- week after Thanksgiving and first week in May of 2007 - neither time especially busy at WDW.

minnie61650
04-30-2008, 09:21 AM
My perdition....for existing DVC members- is a 2 year waiting list to book reservations for the Tower with monorail, when finished.

They will sell it to new folks at a premium price (and sell-out) and then everyone that has been in the DVC program for the last 10 years, will also want to stay there!

I agree.

That is why I have been patiently waiting for 15 years for a monorail DVC to be built. :)

Chester's Mum
04-30-2008, 09:22 AM
Most of the literature you read about DVC (except for the dis spin) states that DVC is not a good choice for everyone. Only you can decide if it works for you.

In the past, we have stayed 10 nights 2 years out of three, in a moderate resort. In 2006 that 10 nights cost $1,300 (approx) plus tax. Last year 7 nights at CSR cost us $1,029.00. Both stays were in May.

I bought 100 points resale and paid cash up front. My maintenance fees are $504, I now get to stay at a great location in (what I consider to be) a higher level of resort. This year we stayed 4 nights in a savannah view studio at AK (booked 4 months out), and 5 nights in a Boardwalk studio booked 6 months out (had to borrow 31pts from next year). The one night of our vacation we spent at Pop Century cost $141 (saturday night) with AAA discount (march break).

So far its working out well for us. I didn't buy thinking it was an investment, I bought so that I could stay in a great resort for a reasonable price. The location of Boardwalk is what actually drew me to DVC.

bookwormde
04-30-2008, 09:22 AM
The varied opinions on this thread really show that the ”value” of DVC really depends on how you intend on using it and what you are “replacing” when you get it. It is definitely not your “standard” timeshare.

The issue of expiration is really only relative if you are comparing it to other super high-end timeshares like Hilton which support there prices with ROFR. Otherwise with a low percentage of exceptions most timeshares have almost no resale value (look on EBAY).
Also for most you can “rent” a week just as cheap as the current maintenance fees.

I am just buying in and designed my vacations to maximize the “value” of DVC.

I like to go with extended family.
I like having a kitchen because we go primarily in the summer and we take mid day breaks and can fix a leisurely lunch (we also can have a quick breakfast) The cost savings from this alone are staggering.


I was looking for about 75 pts so I could do OKW 2br 5 weekdays once every 2 years.
Resale I would have had about 6K into the purchase resale. My maintenance costs every 2 years would have been $750. The equivalent rack rate on the same accommodations would be $2650 to $ 3150. Even if you add on a 4% safe ROI of $240/yr or $480 per vacation for a total cost of $1230 it is still a significant savings (I figure I can sell my DVC in 10-15 years and recover the initial investment).

Here is one of the problems with DVC; you always want more points.

What I ended up buying was 150 pts so I could do OKW Grand villa (3br 2000+ sqft) 5 weekdays once every 2 years plus an extra 2 days in a 2 bedroom. I paid about 11k resale. My maintenance costs every 2 years would have been $1500. The equivalent rack rate on the same accommodations would be $6910 to $ 7755. Even if you add on a 4% safe ROI of $440/yr or $880 per vacation for a total cost of $1940 it is still a significant savings (I figure I can sell my DVC in 10-15 years and recover the initial investment).
So for a little more than the cost of a deluxe standard room for 5 nights I am getting the above accommodations.

There are certainly a lot of “technical” requirements and planning that go along with DVC but in my case I can deal with is for this type of value. Just as I note, I am way to cheap to have every done rack rates for a grand villa. I also would never “spend" my point on a weekend room, I would do a cash reservation which within DVC can sometimes be done at a 20% discount. I also buy no expiration tickets with park hopping and water parks for $45-50 a day (figuring you get the 10 days of water parks for free) since I know I am coming back.

There are certainly other good values out there for people who have different needs (free dining being the best from a value resort).

We like to go to Sanibel on the weekends (do not like the WDW crowds anyway) so it is perfect for us.

Like I said the only problem is that you always want more (or different points) I will probably by 30-35 KTV points when they come available so I can walk to Magic Kingdom and monorail to Epcot on some occasions (maybe get a studio on new years eve MK view).

To answer the original question I delayed for a while to get the best value and to fully understand the intricacies of DVC
bookwormde

MickeyNicki
04-30-2008, 09:29 AM
We dont want to put out the money or make the commitment.

Fall1
04-30-2008, 09:38 AM
We are seriously considering it and there's a great resale contract out there right now that would be perfect for us, but we haven't done the tour yet. We are nervous to buy site-unseen. We're planning on doing the tour this trip in October and hopefully we'll buy then, or on resale when we get home.

We just love staying in deluxe, so I think it will work for us.

lilyv
04-30-2008, 09:39 AM
We don't want to put out the money or make the commitment.
Exactly. :goodvibes

YesMickey
04-30-2008, 09:39 AM
I don't think it is a deal mainly because everywhere you go on Disney, at your resort, at the parks, signs in the busses etc. they are trying to sell it. That only means to me, someone in sales, that it makes Disney a ton of money. When my family of 4 goes to Disney it usually costs us a little over $2000 a trip, 5 nights usually. That includes Mod. resort and the meal plan. We are the type that basically needs a clean comfortable room to sleep and clean up. If I wanted to stay at a nice condo or resort to relax for a week I would not go to Disney. The DVC is only a deal "At Disney" because they charge so much for there Deluxe accomadations. You can go plenty of places in America on nice beaches and spend less than $300/night for a multi bedroom condo on a beach, that does not require an upfront investment and maintenance fees. Just my reason.:thumbsup2

EJKONZ
04-30-2008, 09:50 AM
Although we are die hard disney-nuts and our upcoming trip in June will be the second this calendar year (and we might go again in December!) we had a lengthy "lull" in our visits while daughter was in high school, college and graduate school. Still a close knit family we like to travel together and other interests took a front seat. We spent school vacations backpacking through Europe, Austrailia, and she spent almost a year researching and writing a thesis.

We are now back on Disney track but enjoy being able to spontaneously decide to head down for a week when the spirit moves us. We have never had any trouble getting reservations ... not picky about what resort ... have stayed in many and love them all.

Chester's Mum
04-30-2008, 10:04 AM
How did you come to that conclusion? The maintenance fees alone are what a Value resort would be. Minumum buy in is 160 points now and at $4.50 per point in maintenance fees, that's $720 a year. You can get a week at a Value resort for that.

My one night POP during march break cost me $141.00 (saturday night)including tax and a AAA discount. If you travel during school breaks you don't get any 40% discounts.

chalee94
04-30-2008, 10:18 AM
I have been pondering DVC.
All of the posts, for and against the DVC have been interesting.
I have never read anywhere in my research what happens if DH and I passed away? Would the contract be 'inherited' by our kids until the expiration date?
And what would happen if hard times hit and one couldn't sell resale or pay dues?

didn't see this answered completely before, so...

1) DVC is an asset (a prepaid asset, not a perpetual one) and can be willed to your heirs, to be owned by them until it expires.

2) if you can't pay the dues, you would resell it. there is an active market for people who want to go to wdw. if you stopped paying dues and refused to resell it, DVC could repossess the contract.

I just can't afford a DVC as a young professonal with a family.

I wish there was a cheaper alternative or some value DVC (I don't know how that would work, but there it is!)

We can only go every couple of years, but always want to go more, and we really can't afford any buy-in with five figures.

I don't know how you guys can do it!

did you read my post on page 6? OKW is essentially the value option for DVC - low resale prices, low maintenance fees and studio rooms (similar to hotel rooms with 2 queen beds) start at only 8 pts on weeknights. you can start with a small resale contract (say 50 pts) for less than $5000 and maintenance fees of $20ish per month. you can bank pts ahead one year and/or borrow from the next year to go every other year or every three years.

by my figuring, an OKW studio works out to less than $60 on weeknights, taxes included.

there are still plenty of other reasons why DVC might not be for you, but there are buy-in options much lower than five figures...

a Really Bad Egg
04-30-2008, 11:06 AM
Because I think DVC (or any timeshare) is a luxury item, my humble advice would be...

1. If you can't afford to pay cash for your points (without touching your emergency savings fund) then you should probably keep working on building a bigger nest egg first.

2. If your family (to include those who may inherit points) doesn't plan on visiting the Orlando area a couple/few dozen times over the course of the contract, maybe the DVC timeshare option isn't the best one.

You may find those that argue...

...against DVC the loudest are those who want it but can't afford it

...for DVC the loudest are still trying to convince themselves they made a good choice.

Buying or not buying a luxury item is a personal decision based on one's financial condition and vacation choices - and should be respected.

:lmao:

pickles
04-30-2008, 11:07 AM
I think I can offer some perspective from someone who has been there and done that. I LOVE our DVC, but we have sold it after having it a year. We do think we will buy again someday, but we learned a few things

when you own DVC you are almost obligated to take a trip every year(or every other year) this is not a problem, unless you are unexpectedly broke with today's economy.
The room is paid for, but the tickets, meals and food are not and that can add up, especially when you start adding a herd of kids.
The yearly fees come at a bad time of year..Jan , right after Christmas..can you say ugh...of course, you can pay those monthly and that can be a wise way of doing things

there are some good perks of DVC the one is the discounted AP

If you are not middle income like us, then none of the above is gonna phase you a bit, if ths luxury item will take your budget some then it may be best to rent points or use the different disney specials to go down there


I do believe families of 5 REALLY save owning DVC and finally get some options on where to stay, and again I really liked having a piece of Disney...it is apride/ego thing.

Hope this helps give another point of view

Markstudy
04-30-2008, 11:31 AM
everywhere you go on Disney, they are trying to sell it. That only means to me, someone in sales, that it makes Disney a ton of money.

Yep!....... Great ideas, sell them selfs

Ideas that are highly profitable for the Corporation... need a crack sales staff, and high profile ad campaign.

KELLY
04-30-2008, 11:32 AM
We bought last year. The best money we have every spent. We only purchased 160 the min was 150. But the extra 10 points because for the times we wanted to go we would need them. Needless to say we want more. We are doing the free dining at POFQ in September. It it a good deal. No free dinig with DVC. DVC is so much more that just Disney. You can go any where in the world. We will stick with Disney. My girls are really young. We are going to buy more points in a couple of years.

stepdisney
04-30-2008, 11:55 AM
Because I think DVC (or any timeshare) is a luxury item, my humble advice would be...


You may find those that argue...

...against DVC the loudest are those who want it but can't afford it

...for DVC the loudest are still trying to convince themselves they made a good choice.

Buying or not buying a luxury item is a personal decision based on one's financial condition and vacation choices - and should be respected.




Very true and very well said. :thumbsup2

KelsiesMommy
04-30-2008, 11:56 AM
We could do it and not have to finance it, and DH still won't- he's not the ultimate Disney fan- even though we could use our points at DLR (we have APs here) and stay at a Deluxe cheaper than we stayed at POFQ in Jan (my only time to WDW) he doesn't want to go to WDW every year or two.

I wish I could have convinced him! I could go with my mom and the kids and he wouldn't have to go- just pay for it LOL

dvczerfs
04-30-2008, 11:58 AM
Very true and very well said. :thumbsup2agreed!! well put put! :thumbsup2

drag n' fly
04-30-2008, 01:09 PM
Because I think DVC (or any timeshare) is a luxury item, my humble advice would be...

1. If you can't afford to pay cash for your points (without touching your emergency savings fund) then you should probably keep working on building a bigger nest egg first.

2. If your family (to include those who may inherit points) doesn't plan on visiting the Orlando area a couple/few dozen times over the course of the contract, maybe the DVC timeshare option isn't the best one.

You may find those that argue...

...against DVC the loudest are those who want it but can't afford it

...for DVC the loudest are still trying to convince themselves they made a good choice.

Buying or not buying a luxury item is a personal decision based on one's financial condition and vacation choices - and should be respected.

:lmao:


I agree with everything you say except...one

We researched for 7 months before we decided to go ahead and purchase. Since we live 3000 miles from WDW and cannot purchase from our home, we flew to DL to make our purchase. It was a well informed investment for our family. No regrets and I never will need to convince myself we made a good choice. There are the few that do make that purchse based on a emotional decision....we were not one of them...that's all.:thumbsup2

Mouseaholic!!!
04-30-2008, 01:17 PM
I think I can offer some perspective from someone who has been there and done that. I LOVE our DVC, but we have sold it after having it a year. We do think we will buy again someday, but we learned a few things

when you own DVC you are almost obligated to take a trip every year(or every other year) this is not a problem, unless you are unexpectedly broke with today's economy.
The room is paid for, but the tickets, meals and food are not and that can add up, especially when you start adding a herd of kids.
The yearly fees come at a bad time of year..Jan , right after Christmas..can you say ugh...of course, you can pay those monthly and that can be a wise way of doing things

there are some good perks of DVC the one is the discounted AP

If you are not middle income like us, then none of the above is gonna phase you a bit, if ths luxury item will take your budget some then it may be best to rent points or use the different disney specials to go down there


I do believe families of 5 REALLY save owning DVC and finally get some options on where to stay, and again I really liked having a piece of Disney...it is apride/ego thing.

Hope this helps give another point of view



The "pride/ego thing" is the exact reason why my DH will never consider joining the DVC club.

dvczerfs
04-30-2008, 01:57 PM
we looked at it as this, we go every year. we purch. 300pts at bwv in 1999. the cost of a point has almost double in 9 years since we purch. i bet it will almost double in another 9 years. nothing gets cheaper. i purch my 2 bedroom at okw for 9 or 10 nights for the next 40 years, that will never change. as far as the dues everyone has a problem with, its like renting a home or owning a home.if you rent you will pay the dues,taxs etc.. to the landlord,not the tax collector. if you own, you will pay it to the tax clollector.the price of the room at disney hasnt come down one cent since i started going (1973) yet. you will still pay the higher "dues" in your room rate.unless disney hasnt fiqured that out yet, but i bet they have.(i paid $58.per night at car. beach the first year they opened) they still have to paint the all star, still have to have security at the all star. now remember, we go evey year. (we love okw thats why we stay there and not bwv.) so im paying 1999 room rates and 2008 taxs, not 08 taxs and 08 room rates. so for us, going evey year, its cheaper. take what i paid for the points in 99 and even todays fees, which are within what i paid in 99 (i wish my home was like that) and the room we get, its cheaper.i wish i could have purch. my gas in 1999 and still use it in 2041 at the 1999,1.26 per gallon price. :thumbsup2 thats how we looked at it. worked for us. im sure it wont work for all. were ever you stay, how ever you do it, its still the happiest place on earth.once you push into the gates it dont matter how much or how little i bet you smile!!i do!;)

buzznina
04-30-2008, 03:56 PM
We are passholders and there are a lot of rate specials through out the year and a very big factor is that we like to go on weekends and the DVC points you have to use for weekends is ridiculous. The upfront cost and if you have to borrow you have to add in the interest you are paying on that loan into your yearly calculation. Plus from what I have read, it takes about 10 years to just break even based on only staying at deluxe resorts, less if you go more then twice a year.

A good site to look at is http://www.mousesavers.com/dvc.html
Here is a little clip:

In the following scenarios, DVC purchase beats investing the money (buy-in amount plus annual fees) and paying cash for your annual vacations:
• You vacation for 10 nights every year in a Deluxe resort or DVC studio at full "rack rates." In this scenario, you'll start saving money after 9 years or less of DVC ownership. In fact, if this is your vacation style, DVC is still a good deal even if you would only stay those 10 nights in a DVC resort every other year and throw away 50% of your points (though it will take longer to break even -- about 19 years).
• You stay 10 nights at a Deluxe resort each year, with a 30% discount (approx. 15 years to break even).
• You vacation for 10 nights each year at a Moderate resort, paying full "rack rates" (approx. 20 years to break even).
• You rent 150 points from a DVC owner each year, starting at $10 a point, for at least the next 25 years.
DVC purchase is not cost-effective in the following scenarios:
• You vacation 7 nights per year at a Moderate resort, paying full "rack rates."
• You vacation 10 nights per year at a Moderate resort, with a 35% discount.
• You rent 150 points per year from a DVC owner, starting at $10 a point, but you only do this 2 years out of every 3.
The break-even amount in 2005 dollars seems to be around $1200. If you would normally average less than that per year for your accommodations, DVC is probably not going to save you money. If you spend more than that per year, on average, and you can afford to write a check for the buy-in amount, it's worth considering a DVC purchase.
Maybe you don't vacation at Walt Disney World every year, but when you do go, you stay in luxurious accommodations (Deluxe resorts or DVC units). DVC may still be a decent bet. You can bank your annual points, allowing you to skip a year -- and by carefully banking and borrowing points, it's even possible to skip two years occasionally. Or you can rent out excess points.
Interestingly enough, the results are pretty similar whether you pay full price to Disney for Saratoga Springs Resort (expires 2054) or buy a resale from a private party that expires in 2042. (If you can get a significant purchase incentive on Saratoga Springs, resales that expire in 2042 are slightly less attractive on a financial basis, but in most scenarios it still isn't that significant.)
One last note on this topic: the scenarios above do not take into account a major benefit to investing the money instead of spending it on a DVC membership: your money remains liquid and available in case of emergency or changes in your financial situation. If you invest the money and want to stop vacationing at Disney World, you can easily divert the money to other uses.

Best Candidates for DVC Membership
DVC membership might make sense if you meet most or all of these criteria:
• You have the cash in hand to pay all of the upfront costs of membership without borrowing.
• The cost of dues does not appear to present a financial hardship based on your current expectations.
• You vacation at Walt Disney World frequently: ideally at least once every two years.
• You plan to continue staying at Disney World far enough into the future to make the membership at least break even.
• You prefer to stay in Deluxe or DVC accommodations and/or you stay a long time (10 days or more per year).
• You are able to plan your vacations well in advance -- ideally 7 to 11 months out.

dzorn
04-30-2008, 04:03 PM
Ive run the numbers ...


Other *additional* reasons include
1) DVC is not a deeded property - meaning you cant pass onto your children after 2042. or 2056 depending on resort. So after decades of paying maintenance fees, you have nothing to pass onto your kids.:confused:



I think 50 years of happy memories of family times is something priceless to leave my kids and grandbabies.

Denise in MI

cheerforchelsea
04-30-2008, 04:16 PM
I haven't purchased DVC because husband is anti-Disney...:scared1:

a Really Bad Egg
04-30-2008, 04:17 PM
I think 50 years of happy memories of family times is something priceless...MI

...and because no value can be placed on that benefit by anyone other than you, it cannot be deemed a bad purchase by the rest of us.

It very well may be the best money you ever spend.

:thumbsup2

Kim1964
04-30-2008, 04:36 PM
I love the idea of owning DVC and there's this tiny part of me that thinks that someday we will. For now, though, I can't convince DH. He isn't a huge Disney fan and really goes for the kids and me. While we could pay cash for it, it would take a big bite out of our savings and neither one of us is comfortable with that. We've also lived through 9 months of DH being unemployed, and the only reason I was able to sleep at night back then was knowing we had money in the bank to make it until he found a job. We are finally completely debt free and we don't want to finance anything, hopefully ever again.

However, if I ever feel more financially secure or hit the lottery, DVC will be one of the first things I buy (and I am saying that completely sincerely, no "attitude" intended at all.)

mikkiwikki
04-30-2008, 04:38 PM
The OPs original question was

WHY have those of you who have NOT purchased DVC -
WHY is it that you came to that conclusion.

So all the DVCers should exit this thread.

This thread has gotten so far off topic its hilarious :offtopic:

wmdaddy
04-30-2008, 04:58 PM
The OPs original question was

WHY have those of you who have NOT purchased DVC -
WHY is it that you came to that conclusion.

So all the DVCers should exit this thread.

This thread has gotten so far off topic its hilarious :offtopic:

Though this is an open thread for anyone to post on, that's a really good point. Sort of like me, as a guy, posting on a thread that was titled "Ladies opinions only please."

wmdaddy
04-30-2008, 05:03 PM
You may find those that argue...

...against DVC the loudest are those who want it but can't afford it

...for DVC the loudest are still trying to convince themselves they made a good choice.

Buying or not buying a luxury item is a personal decision based on one's financial condition and vacation choices - and should be respected.

:lmao:

That's an excellent point. I could afford it, but I guess I'm just opposed to it. True, the numbers never really worked out for me, but that's not really what's stopped me. I guess I just can't justify making that sort of a committment for something that is purely a luxury. I don't feel as though I need to join to guarentee a lifetime of good memories with my family. It's not as if I won't have those without DVC.

dvczerfs
04-30-2008, 05:34 PM
im sorry, i didnt relize it was private. but the op also ask "people who pay to stay at deluxes" you may want to stop all the off siters and value resort people from responding also. :worship:

GuardMusic
04-30-2008, 06:27 PM
A few reasons here.

I'm single. I typically travel with my best friend or my mom. We don't have a big family.

My best friend and I "drank the Kool-Aid" and FINALLY went to the presentation on DCL in Jan. Where we crunched the #s and QUICKLY determined it wasn't right for us.

We don't need a kitchen. Other than toast in the morning in a kitchenette & the fridge, we don't need more.

I typically rent points from a DVC owner for a studio. What I pay for the room is usually equal to their annual dues, forget the financed portion.

Some years we go once, others twice, and a few times - none at all.

We quickly realized it was only a decent deal on the resorts. We are now rotating with the DCL and Adventures by Disney. Those two other types of trips would be cheaper for us to pay outright, than points - even if we rented those points from someone else.

I realize the resort rates will keep going up, but so will the annual dues.

avspilot69
04-30-2008, 06:47 PM
I have been crunching the numbers for over a month now. Initially, before I got my DVC packet i was real excited and wanted to rush in and buy. Fortunately, discipline prevailed.

Here's why I am not inclined to purchase at the moment. This coming mid June we will be staying at BWV for 6 nights.

COST for the 6 nights 1 Bedroom Villa = $3000

Now according to the booklet the point required for a similar stay is 222. Right now the cost per point from Disney is $104/point.

So the INITIAL cost for me would be $ 23088.

The annual dues would be $4.71/point - 222 PTS = $ 1045

In summary my savings would be $ 1955 per year assuming I would vacation every year at WDW with the same accomodation. So it would take me approx 12 years to recoup the initial payment. Now that's a long time. Also, by that time my kids would be in their senior year in HS and wonder if they would still like to go to WDW. BTW I live in Calif so WDW is going to be a once a year thing.

So right now it's not looking good for me. Plus, this isnt really a real estate investment but rather a prepaid hotel accomodation. Yet were still in the evaluationg phase.

Aliceacc
04-30-2008, 07:03 PM
WE're both teachers, with 3 kids.

A typical vacation for us is a week in upstate NY Lake George, in a cabin on a lake. It does NOT involve $1000 in airfare, or almost $1000 in park tickets, or deluxe accomodations. But it's beautiful and we love it.

This is not an annual thing for us. Quite simply, we can't afford DVC. But for a once-in-a-childhood trip for our kids, we'll do deluxe this time around.

Beautybelle43
04-30-2008, 07:10 PM
I was hoping some people could help me see it different ways...for obvious reason I didn't post this on the DVC board. But honestly, my question goes to those who got to WDW every year, especially those who pay to stay in Deluxes, and have chosen not to buy DVC? I'm torn...i mean...it seems like a good deal...they say it pays for itself in about 7 vacations...i just don't see us ever have the $$$$ to pay for that big chunk, and DH would not want to finance it...so?? Just lookinf for some opinions on Disney experts! Thanks!:thumbsup2

Easy answer for us-we don't have that kind of money up front. I would love to own, because we go to WDW at least once a year and I drool over the deluxe resorts, and they end up to be as cheap as a moderate with DVC, but we don't have the money up front.

We are looking into renting points from an owner for our next trip and if that pans out, we may start doing that for all of our upcoming trips.

wmdaddy
04-30-2008, 07:35 PM
I have been crunching the numbers for over a month now. Initially, before I got my DVC packet i was real excited and wanted to rush in and buy. Fortunately, discipline prevailed.

Here's why I am not inclined to purchase at the moment. This coming mid June we will be staying at BWV for 6 nights.

COST for the 6 nights 1 Bedroom Villa = $3000

Now according to the booklet the point required for a similar stay is 222. Right now the cost per point from Disney is $104/point.

So the INITIAL cost for me would be $ 23088.

The annual dues would be $4.71/point - 222 PTS = $ 1045

In summary my savings would be $ 1955 per year assuming I would vacation every year at WDW with the same accomodation. So it would take me approx 12 years to recoup the initial payment. Now that's a long time. Also, by that time my kids would be in their senior year in HS and wonder if they would still like to go to WDW. BTW I live in Calif so WDW is going to be a once a year thing.

So right now it's not looking good for me. Plus, this isnt really a real estate investment but rather a prepaid hotel accomodation. Yet were still in the evaluationg phase.

You're like me. A number cruncher. Plus, correct me if I'm wrong, that purchase price is IF you pay up front. If you finance it, you can prety much triple that 12 years.

mickeymousemom
04-30-2008, 08:06 PM
DVC has the same exchanges, and a few more besides. Our son's name is on our contract (and he works for Disney, to boot). We'll be in our 90's in 2042 when our contract expires. Our grandchildren will have gotten good use out our membership by that time, and at that point, our son can do what he wants with it. I'm sure he'll have gotten a good deal on another contract by then.

DisFlan


Yes, I know DVC has the same exchanges because we are a part of the same exchange club. My thing is that we already owned when DVC became available and we can go all over the country, WITHOUT exchanging. We can stay anywhere for under $80 a night with our lifetime bonus and don't even have to use our points. As much as we love Disney, getting rid of what we have now just doesn't fit us. We stay onsite at POR every year regardless, so its fine with us. I like the idea of knowing that our timeshare is there for generations, and that all the while, more resorts are being built and bought for our use.:)

wdhinn89
04-30-2008, 08:34 PM
My husband and I have been seriously thinking about it. We have decided not too because of several reasons.

1- We feel we are about 10 years too late. We should have bought when my children were very young. My son will be in high school next year and my daughter will be in middle school the year after. Finding the time to go to WDW is becoming harder and harder. When the kids were younger, we pulled them out of school for a week but no way can we do that in high and middle school. They miss way too much work. We only pull now 1 1/2 days max. We would never go during major holidays or breaks (too crowded) or in the summer ( too hot and muggy for me :scared: )

2- We go to WDW at least once a year but always during a combination weekend with a holiday mixed in. Weekends are a lot more points than weekdays. Not a good way to use you points.

3- We feel there will definitely be a several year gap coming in a few years for vacation time with our kids. College, full time jobs, life. It will be very hard to plan vacations all together within the 7 to 11 month time span to get the room type in a resort you want. It will also be the time for my husband and I to go to places the kids don't care to or to places we don't want to take them with us to ;) . Once they have families of their own, I'm sure WDW will be in full swing again though.

Like I said previously, if it was 10 years earlier and we had the financial security that we have now, and we knew about DVC (never did till recently) , we would buy in a second. Not only for WDW but for all the other hotels, resorts & cruises that you could use your points towards. But it is not in our best interest to do it now.

Markstudy
04-30-2008, 09:12 PM
TODAYS NEWS....

Disney has just raised ticket prices for their Halloween party and Christmas party. Tickets go on sale tomorrow

They now have premium days and non-premium days.... adding an extra $7 bucks a ticket or $35 bucks for a family of 5 to the cost of going to the party $280. (reminds me of new holiday surcharge for meals...did they really say the entire month of June is now a holiday for special pricing sake?). Keep in mind this is for a party where they close the park a few hours early, toss everyone out and charge you to come back in, thus charging twice in one day. Brilliant from a profit point of view.

http://www.disboards.com/showthread.php?t=1810772

Are these businessmen, the same people you want to trust with your $15,000 up-front commitment?

tidefan
04-30-2008, 09:21 PM
I have been crunching the numbers for over a month now. Initially, before I got my DVC packet i was real excited and wanted to rush in and buy. Fortunately, discipline prevailed.

Here's why I am not inclined to purchase at the moment. This coming mid June we will be staying at BWV for 6 nights.

COST for the 6 nights 1 Bedroom Villa = $3000

Now according to the booklet the point required for a similar stay is 222. Right now the cost per point from Disney is $104/point.

So the INITIAL cost for me would be $ 23088.

The annual dues would be $4.71/point - 222 PTS = $ 1045

In summary my savings would be $ 1955 per year assuming I would vacation every year at WDW with the same accomodation. So it would take me approx 12 years to recoup the initial payment. Now that's a long time. Also, by that time my kids would be in their senior year in HS and wonder if they would still like to go to WDW. BTW I live in Calif so WDW is going to be a once a year thing.

So right now it's not looking good for me. Plus, this isnt really a real estate investment but rather a prepaid hotel accomodation. Yet were still in the evaluating phase.

Just to add in a point I tried to make earlier, your room expense will actually be $3,375. You can't conveniently forget the taxes...

Also, looking at a Std view 1 bdr villa, I come up with a 6-night total of 171 or 198 points (depending on 1 weekend night or 2). It is 222 for 7 nights.

Mr Vincent
04-30-2008, 09:33 PM
My opinion is that you would be better off putting your money into Disney stock and not this Timeshare....ooops, I mean Vacation Club.

Save your money to pay cash for vacations and go where you want, when you want.

Disney Vacation Club is NOT an investment. For most people its probably a very bad idea.

Safari Queen
04-30-2008, 10:11 PM
Okay, I'm an owner and don't belong on this thread, I know, but please remember that room rates go up every year. Once you pay for your points, only maintenance will increase.

tidefan
04-30-2008, 10:31 PM
My opinion is that you would be better off putting your money into Disney stock and not this Timeshare....ooops, I mean Vacation Club.

Save your money to pay cash for vacations and go where you want, when you want.

Disney Vacation Club is NOT an investment. For most people its probably a very bad idea.

So, just a question to play Devil's Advocate...

These vacations you are going to take every year, are they an investment? Is it a bad idea for you to go on vacations every year?

Let's suppose you have $15000 and you do invest it and vacation with it and that your lodging averages for arguments sake, say $1500. OK, so initially, if you are vacationing every year, the first year you spend $1500, so you really only invest $13,500.

Move to Year 2, let's say you return 10%, but accommodations increase 5%. You now have $14,850. Take out $1575 for this years trip, you now have $13,275, etc.

I run out of money after 13 years. So you don't really come out ahead this way either.

If you want to invest the money, leave it alone for the long term. That is the only way to really accumulate wealth. Following this logic, your point above should be generalized to "vacations are not an investment, for most people they are probably a very bad idea".

I agree that DVC is a prepaid accommodations timeshare. It is most definitely NOT for everyone. Never said it was. It works for people that choose to vacation on-site at WDW or other Disney properties (Hilton Head, Vero, Anaheim(Sooner), and Hawaii(later)). If you do not enjoy Disney vacations at least once every two years, then DVC is not for you. If you like value resorts, most likely DVC is not for you. But to put a blanket statement out like that is not necessarily applicable.

Yes, it is cheaper just to go to the beach, but if you enjoy Disney, DVC can be a cost saver.

Just my .02...

castleeto
04-30-2008, 10:40 PM
So, just a question to play Devil's Advocate...

These vacations you are going to take every year, are they an investment? Is it a bad idea for you to go on vacations every year?

Let's suppose you have $15000 and you do invest it and vacation with it and that your lodging averages for arguments sake, say $1500. OK, so initially, if you are vacationing every year, the first year you spend $1500, so you really only invest $13,500.

Move to Year 2, let's say you return 10%, but accommodations increase 5%. You now have $14,850. Take out $1575 for this years trip, you now have $13,275, etc.

I run out of money after 13 years. So you don't really come out ahead this way either.

If you want to invest the money, leave it alone for the long term. That is the only way to really accumulate wealth. Following this logic, your point above should be generalized to "vacations are not an investment, for most people they are probably a very bad idea".

I agree that DVC is a prepaid accommodations timeshare. It is most definitely NOT for everyone. Never said it was. It works for people that choose to vacation on-site at WDW or other Disney properties (Hilton Head, Vero, Anaheim(Sooner), and Hawaii(later)). If you do not enjoy Disney vacations at least once every two years, then DVC is not for you. If you like value resorts, most likely DVC is not for you. But to put a blanket statement out like that is not necessarily applicable.

Yes, it is cheaper just to go to the beach, but if you enjoy Disney, DVC can be a cost saver.

Just my .02...

Well said. I think I'm going to forward your comments to my dh!

missycj96
04-30-2008, 10:48 PM
We've been going a few times per year staying at a combination deluxe, moderate and value depending on what we feel like, how much we want to spend and what type of discount rate I can get. I feel like in a few years, a resale DVC would probably pay for itself and be fun to own. So after analyzing it and thinking about it, why don't I buy?

I feel like to truly enjoy the membership, going a few times per year like I like to, I would need to buy a great deal of points. (I feel like if I don't buy enough points, I'd have bought the membership and still be paying hotel rates). And the maintenance would be a lot of money. Even though we could afford it now, I always feel like what if in the future I am not working or we otherwise can't afford it? So I'm concerned about being locked into the maintenance bill. Also a WDW vacation costs far more than just the hotel bill - airfare etc. So I feel like in the future if we can't afford to travel as much or don't want to spend the money, we'll feel we have to pay for vacations. So, I'll have the maintenance bill plus even though it would be great to have the hotel covered, the rest of the cost of the vacation may be more than I would want to have to spend. So I guess it is the fear of future committments that keeps me from buying. It may be possible though with the kingdom tower, it will finally be too irresistable!

This is such an interesting thread as I always second guess and question my decision not to buy. I'm glad to get to hear what others who travel to disney often have to say on this.

tidefan
04-30-2008, 10:57 PM
We've been going a few times per year staying at a combination deluxe, moderate and value depending on what we feel like, how much we want to spend and what type of discount rate I can get. I feel like in a few years, a resale DVC would probably pay for itself and be fun to own. So after analyzing it and thinking about it, why don't I buy?

I feel like to truly enjoy the membership, going a few times per year like I like to, I would need to buy a great deal of points. (I feel like if I don't buy enough points, I'd have bought the membership and still be paying hotel rates). And the maintenance would be a lot of money. Even though we could afford it now, I always feel like what if in the future I am not working or we otherwise can't afford it? So I'm concerned about being locked into the maintenance bill. Also a WDW vacation costs far more than just the hotel bill - airfare etc. So I feel like in the future if we can't afford to travel as much or don't want to spend the money, we'll feel we have to pay for vacations. So, I'll have the maintenance bill plus even though it would be great to have the hotel covered, the rest of the cost of the vacation may be more than I would want to have to spend. So I guess it is the fear of future committments that keeps me from buying. It may be possible though with the kingdom tower, it will finally be too irresistable!

This is such an interesting thread as I always second guess and question my decision not to buy. I'm glad to get to hear what others who travel to disney often have to say on this.

Missy, these are very valid concerns and you should be thinking about these things. If you did take the plunge and bought and encountered the situation above, you could do 2 things:

1) If you decide not to go say one year, you could rent out your points. Point rentals are currently going at around $10-$13 per point. More than enough to cover your maintenance fees. If you look at the DVC section, you'll see that there is an active rent/trade board.

2) Sell your DVC on the resale market. Based on the 16 year track record of DVC, you will probably recoup most of your initial upfront cost.

What I would do if you go to WDW multiple times a year is to add up what all of your hotel bills are (including tax!). It would probably go a long way towards the initial price on a contract...

disneydad78
04-30-2008, 11:30 PM
Would you pay your electric company $16,000 upfront for electricity?

Would you pay Macy's $16,000 upfront for clothes for the next few years?

Of course you wouldn't...because it makes no sense financially.

It is simply not a good investment to pay money upfront for vacation.

If you have that money upfront, then invest it intelligently. (Time shares, vacation, and new cars are NOT investments...they decrease in value.) Use the money you make on your investments to take vacations. I promise you'll come out ahead.

If you don't have that money upfront and pay in installments...well, what could that same amount of money do in a CD where it could grow? In a college fund? Saving interest charges by paying down other debt?

Wouldn't you want that money you're putting away each month to earn interest? I know there are plenty of people who pay for their vacations with credit cards and in installments...so they can probably justify DVC in their own minds...but those are emotional decisions, not financial ones.

I'm sure there are tons of emotional reasons to do DVC...otherwise it wouldn't sell. But financial reasons? Nope.
\\

AMEN, thats why america is in the state we are in. Invest,start businesses, then you can have money to go where ever you want.Pay up front 30K, THEN $800-$900 IN MAINTANCE FEES,then in what 20 -30 yrs loose it all, cant pass it down, just go buy a investmant property off site, rent it out while your not there, has to be a smarter way.

avspilot69
04-30-2008, 11:49 PM
Just to add in a point I tried to make earlier, your room expense will actually be $3,375. You can't conveniently forget the taxes...

Also, looking at a Std view 1 bdr villa, I come up with a 6-night total of 171 or 198 points (depending on 1 weekend night or 2). It is 222 for 7 nights.

Yeah my bad on the taxes. Then its 11 years to recoup. I just wished I had known about DVC 6 years ago, it would have been a lot easier to decide.

Mr Vincent
05-01-2008, 01:58 AM
We've been going a few times per year staying at a combination deluxe, moderate and value depending on what we feel like, how much we want to spend and what type of discount rate I can get. I feel like in a few years, a resale DVC would probably pay for itself and be fun to own. So after analyzing it and thinking about it, why don't I buy?

I feel like to truly enjoy the membership, going a few times per year like I like to, I would need to buy a great deal of points. (I feel like if I don't buy enough points, I'd have bought the membership and still be paying hotel rates). And the maintenance would be a lot of money. Even though we could afford it now, I always feel like what if in the future I am not working or we otherwise can't afford it? So I'm concerned about being locked into the maintenance bill. Also a WDW vacation costs far more than just the hotel bill - airfare etc. So I feel like in the future if we can't afford to travel as much or don't want to spend the money, we'll feel we have to pay for vacations. So, I'll have the maintenance bill plus even though it would be great to have the hotel covered, the rest of the cost of the vacation may be more than I would want to have to spend. So I guess it is the fear of future committments that keeps me from buying. It may be possible though with the kingdom tower, it will finally be too irresistable!

This is such an interesting thread as I always second guess and question my decision not to buy. I'm glad to get to hear what others who travel to disney often have to say on this.

Exactly. Well said.

DVC is a timeshare pure and simple. I strongly suggest people seek professional advice before getting involved in this.

Do not assume you will be going every year. Life circumstances change. DO not assume you will be able to sell your points either at some point in the future.

My advice as I said before is if you want to take nice vacations just save for it and pay for it without any financing. Dont lock yourself into one company or location forever.

Just my advice.

a Really Bad Egg
05-01-2008, 07:08 AM
Wow...everyone is a vacation funds financial adviser these days.

:lmao:

Mouseaholic!!!
05-01-2008, 08:28 AM
Exactly. Well said.

DVC is a timeshare pure and simple. I strongly suggest people seek professional advice before getting involved in this.

Do not assume you will be going every year. Life circumstances change. DO not assume you will be able to sell your points either at some point in the future.

My advice as I said before is if you want to take nice vacations just save for it and pay for it without any financing. Dont lock yourself into one company or location forever.

Just my advice.


Thank you - well said!

MOUSELOVER171
05-01-2008, 08:55 AM
Hope i'm not out of line by responding... but I bought into DVC 7 years ago and must say that it was by far, one of the best investments I have ever made. I was only 21 when I bought in and 22 when I increased my point value.. I've used it every year and have even rented out the points for some extra cash. I've paid off one contract and will have the second one paid off next year. So worth it!!!!

This year I will be going twice, middle of May and the beginning of December. There's no way in the world I would be able to afford DVC accomodations, comforts, and numerous trips without ownership! If you can swing it, buy buy buy! You can always rent out your points for some quick cash!

ldo
05-01-2008, 09:10 AM
I think it's OK for me to post here--as I was in the "it's too $$$ and why does anyone buy this for 6+ years" and some of my reasons are still how I feel--so:
Why I would NOT buy---if I needed a 2 BR at prime times, and esp. at peak times--the points costs are just too much and we would stay at a moderate or off-site in a 2 BR condo or at ASMU family suites.
Why I DID BUY(just a little)---after thinking DVC was just too $$$ and we could do just fine with above lodging--we stayed at SSR and LOVED it--my kids esp. LOVED the kids rooms where you can do crafts, games, or just princess coloring--they didn't care if we went into the parks!!
But the budget person in me REALLY had to justify it---so, we bought a resale of 50 points for $4000. My annual fees are about $250. We only stay sun-thur, when it takes less DVC points. So, for 50 points, I got 5 nights in the summer in a studio. A WDW moderate hotel (sort of equivalent to a studio) would be $175 a night (even with AAA discount, when you add tax). My out of pocket per night cost is about $75 for a DVC studio---that is adding per point amortized rate plus annual fee). With 50 points, we can bank or borrow to have as many as 150 points every 3 years. 100-150 points gets me a 1 BR for sun-thurs. in the summer. But, for a full week in prime time--you'll still see us down the road off 192. Elaine

acejka
05-01-2008, 09:14 AM
Honestly???

This thread.

We are just waiting for a down payment on another timeshare that we cancelled within 24 hours of buying because the salesman gave us false information to make the sale. And then we were going to buy the DVC immediatly.

Now I am starting to second guess our decision to buy.

chalee94
05-01-2008, 09:56 AM
Here's why I am not inclined to purchase at the moment. This coming mid June we will be staying at BWV for 6 nights.

COST for the 6 nights 1 Bedroom Villa = $3000

Now according to the booklet the point required for a similar stay is 222. Right now the cost per point from Disney is $104/point.

So the INITIAL cost for me would be $ 23088.

The annual dues would be $4.71/point - 222 PTS = $ 1045

In summary my savings would be $ 1955 per year assuming I would vacation every year at WDW with the same accomodation. So it would take me approx 12 years to recoup the initial payment. Now that's a long time. Also, by that time my kids would be in their senior year in HS and wonder if they would still like to go to WDW. BTW I live in Calif so WDW is going to be a once a year thing.

also, if you want to stay at BWV, you'd be better off buying at BWV (assuming you can book 8-11 months in advance.)

a resale contract for 200-225 pts at BWV would reduce the initial cost to $16,500ish-$18,000. and assuming you can take advantage of the "home resort window" before booking opens up at 7 months, it would greatly improve your chances of booking what you want at BWV.

there are still plenty of reasons not to buy - i posted 10 of them on page 6 - but i want to make sure you're using the best information in your decision.

Hope i'm not out of line by responding... but I bought into DVC 7 years ago and must say that it was by far, one of the best investments I have ever made.

sure...but if you had invested in disney stock 7-8 years ago, your $40 per share would now be worth...about $32 per share...

chalee94
05-01-2008, 10:08 AM
Now I am starting to second guess our decision to buy.

if you fit the categories below, maybe you should. DVC is not for most people. it's not for many wdw fans. but it can be a good deal for some wdw if you understand how to use it.

but don't get confused by paranoid posters (who no doubt grow their own food and make their own clothes - the supermarkets and dept stores are out to make a profit, so buying their stuff must be a bad deal for you, you know - and the tinfoil hats have really come a long way...but i digress...), there are plenty of CPAs, bankers and business people who have crunched the numbers and decided DVC made sense for them. it is a complex and expensive transaction, though, so you need to do your homework and make sure you're comfortable with what you're getting into...

reasons why DVC might not work for you:

1) thousands of $ upfront plus annual fees require a certain level of financial ability and commitment (and still need to pay for tickets and travel, etc.)
2) commitment to wdw/fear of wdw burnout (sorta - while you can trade out, the best value is staying at the DVC resorts)
3) DVC not as deluxe as deluxe hotels in some senses (limited housekeeping, sofabeds, no room service at some DVC resorts)
4) prefer to stay on weekends and weekend point costs are OUTRAGEOUS
5) financing a depreciating (sooner or later) luxury purchase is generally a poor idea
6) happy with value hotels
7) want to stay at a monorail resort (pending "kingdom towers" announcement)
8) amenities like a kitchen and washer/dryer have no value for me
9) i don't/can't plan my vacations 6+ months in advance
10) i enjoy hunting for deals/bargains for each trip

11) i have a castmember discount and can stay at the GF for less than $200 a night

(i think now that's everything.)

fla4fun
05-01-2008, 10:15 AM
sure...but if you had invested in disney stock 7-8 years ago, your $40 per share would now be worth...about $32 per share...

7-8 years is not long term - I bought one share of Disney stock back in the late 80's, and due to stock splits, I now have 12 shares. But then, you really can't compare stock investing to buying timeshare points.

The original question was why haven't "I" bought DVC. I do stay deluxe or DVC at least twice a year right now, because I can afford to do so. But I also live less than 30 minutes away from WDW. Life circumstances change. I have gone through periods of unemployment, one as long as nine months, where it was difficult to pay for the bare necessities. I wouldn't have had the funds to pay for maintenance fees on DVC. There have been stories in the local news here just this week, about the number of liens placed on timeshare owners because they can't afford to pay their annual fees. Employment in Florida, especially employment that pays well with good benefits, is not easy to find, and with companies going out of business every day, can be hard to hang on to. Out of the four jobs I've had in my lifetime, two went out of business, and my current job has been sold three different times in the 12 years I've been there. I'm in a good place right now, but I know that can change without warning at any moment. It's just a fact of life. My personal choice is not to take on any obligations that I can't meet if I have to be on unemployment benefits. For me, DVC falls into this category.

For me, I go to Disney when I can afford to go to Disney, and I stay at whatever level of accommodation I can afford at the time. When I can't, I don't want to be tied to a contract that I may not be able to get out of. I don't want to have to worry about trying to rent points, or trying to sell. If the only Disney trip I can afford is a day trip with my AP, I'm OK with that. But I'm fortunate in that I live here and that is possible.

I think the decision to buy into any vacation ownership program has to be a personal one by each family. Each family has different needs, different goals, and different financial obligations. For some people, it's a good fit. For some, it's an OK fit. And for some, it's better that they give it a pass. It's not a one size fits all kind of purchase. We shouldn't give someone a hard time because they choose one way or the other, because we don't know their circumstances. We can only explain why it is, or isn't, a good choice for us.

Mr Vincent
05-01-2008, 10:33 AM
Chalee94, good post. Actually they are all great posts and this thread has been alot of fun to read.

We will be at the BWI and GF for a total of two weeks coming up in May.

I wasn't planning on doing this but now I will: I will document my DVC encounter, if there is one, and do a write-up in the DVC board when I get back. I will take pics too.

Regarding my previous posts: I'm sorry if I sound a little stern regarding this issue. I am just the kind of person who hates to "subscribe" to anything that I cant cancel easily. I was a real estate investor for many years and I sold everything over the last few years except one of my homes. This is the first time since I was 18 where I feel freedom. Freedom from work and freedom from debt.

For those of you who did the research and are enjoying the DVC, I want you to have a great time and know that there is a special place in my heart for Disney and I understand that you love the Dis as well.

When I was a kid in the 70s, our only vacation was every few years and we always chose Disneyland.

acejka
05-01-2008, 10:47 AM
if you fit the categories below, maybe you should. DVC is not for most people. it's not for many wdw fans. but it can be a good deal for some wdw if you understand how to use it.

but don't get confused by paranoid posters (who no doubt grow their own food and make their own clothes - the supermarkets and dept stores are out to make a profit, so buying their stuff must be a bad deal for you, you know - and the tinfoil hats have really come a long way...but i digress...), there are plenty of CPAs, bankers and business people who have crunched the numbers and decided DVC made sense for them. it is a complex and expensive transaction, though, so you need to do your homework and make sure you're comfortable with what you're getting into...

reasons why DVC might not work for you:

1) thousands of $ upfront plus annual fees require a certain level of financial ability and commitment (and still need to pay for tickets and travel, etc.)We are not thrilled about this part but we can afford to finance it and that works best for our lifestyle. Hubby is not thrilled about park tickets still being pretty pricy
2) commitment to wdw/fear of wdw burnout (sorta - while you can trade out, the best value is staying at the DVC resorts)I'm going to have kids inthe next couple of years, and I would think that means lots of trips in the future, even if we don't have kids, we go once a year, we would trade out every few years, and are looking forward to Hilton Head and Vero at sometime.
3) DVC not as deluxe as deluxe hotels in some senses (limited housekeeping, sofabeds, no room service at some DVC resorts)I actually want no housekeeping!!
4) prefer to stay on weekends and weekend point costs are OUTRAGEOUS
5) financing a depreciating (sooner or later) luxury purchase is generally a poor ideawe stay tuesday to friday so that works for us
6) happy with value hotelsthey make do, because im not there to sit in the room, but they could be nicer
7) want to stay at a monorail resort (pending "kingdom towers" announcement)i drive everywhere so this doesn't apply to me
8) amenities like a kitchen and washer/dryer have no value for memajor value to me
9) i don't/can't plan my vacations 6+ months in advancewe like last minute things, but we are extremely flexible with vacationing so it could be done that far with no problems
10) i enjoy hunting for deals/bargains for each tripi hate this part actually, it bothers me for some unknown reason

11) i have a castmember discount and can stay at the GF for less than $200 a night

(i think now that's everything.)


I can't decide now if it is for us. We also go to the tampa area while we are in FL so that would be out of pocket, but DVC covers South Seas in captiva area and I have always wanted to go there so I could trade out sometime. I like to make it to the eastern shore every year and that would be out of pocket as well.

What do you think?? chalee??

chalee94
05-01-2008, 11:24 AM
I can't decide now if it is for us. We also go to the tampa area while we are in FL so that would be out of pocket, but DVC covers South Seas in captiva area and I have always wanted to go there so I could trade out sometime. I like to make it to the eastern shore every year and that would be out of pocket as well.

What do you think?? chalee??

i'm really hesitant to give specific advice, since there will always be a lot of personal financial factors that i don't know, but it sounds like you generally fit the profile.

weren't you looking for a smaller resale contract at one point? if you don't have kids, don't go for longer stays at this point and can just use the points at wdw and pay cash for your other stays, maybe taking on less financial risk (and less debt, if you are planning to finance) would be a better move to try out DVC and would make things less stressful? if DVC is a financial stretch for you and will be a source of stress, then i'd vote to wait. only your family knows what to do in your case.

don't feel rushed, though, DVC will still be there in a few months/years if you aren't sure and want to keep researching.

dvczerfs
05-01-2008, 11:49 AM
i'm really hesitant to give specific advice, since there will always be a lot of personal financial factors that i don't know, but it sounds like you generally fit the profile.

weren't you looking for a smaller resale contract at one point? if you don't have kids, don't go for longer stays at this point and can just use the points at wdw and pay cash for your other stays, maybe taking on less financial risk (and less debt, if you are planning to finance) would be a better move to try out DVC and would make things less stressful? if DVC is a financial stretch for you and will be a source of stress, then i'd vote to wait. only your family knows what to do in your case.

don't feel rushed, though, DVC will still be there in a few months/years if you aren't sure and want to keep researching. very good, i agree with you.:thumbsup2

rie'smom
05-01-2008, 11:59 AM
For us anyway, our 300 pts were not thought of as an investment. We had the money and my husband surprised me. It was a gift. It's great for staying at WDW but its also great for travel elsewhere. I never broke it down into dollars and cents. All I know is if I want to go to WDW, all I have to do is call member services. Not once have I not been able to get a room and that's including Thanksgiving.
I usually save pts by staying at the S/D for the first weekend and moving to Universal for the next. However, I'm thinking of staying in a studio from now on because the kitchen is a waste so I probably won't watch points as much.

jodifla
05-01-2008, 12:09 PM
Honestly???

This thread.

We are just waiting for a down payment on another timeshare that we cancelled within 24 hours of buying because the salesman gave us false information to make the sale. And then we were going to buy the DVC immediatly.

Now I am starting to second guess our decision to buy.

Well, you can listen to the naysayers..who haven't bought.

Or, you can listen to DVC owners. Overall, you'll find they are a highly satisfied lot.

We've owned 12 years. We are VERY HAPPY we did this. Our initial purchase has been paid off for about 8 years. So now we have great accommodations for just our dues.

Having plunked down 100 bucks a night for Days Inn quality rooms lately in various parts of the country, my DVC purchase looks all the smarter these days.

Could I cram my family into a small room for every vacation? Yeah. But been there, done that. (Did that this weekend in Nashville, actually. But it in no way compared to a DVC studio even.)

NOW, I get 2-bedroom accommodations on our Florida vacations. We invite friends and family to join us. And we relax on the balcony or just in the living room when the kids have gone to bed. We enjoy the resorts as much as the parks, so the vacation experience isn't getting stale for us.

My advice is to not stretch yourself on points. Buy the minimum, you can always add more once you decide how great it is to stay at DVC.

I'm just glad we took the plunge 12 years ago and didn't overthink it or put it off --- we've had literally countless DVC vacations since then. We have great memories with family and friends.

And, if I wanted to sell it today, I could get more than I paid for it.

For us, it was WIN-WIN all the way. (And we even did the dreaded financing....)

acejka
05-01-2008, 12:20 PM
Chalee- Yes I was looking for a smalled contract, then I bought at a williamsburg va resort, cancelled that, decided on 160 pts at SSR (only place I would consider buying because I (and hubby) refuse to get AKL and am not into a contemporary resort if it is built, I would go the older properties but they mean resale so I am trying to stay away because it seems more complicated.

I am so all over the board with the subject and this thread really got me thinking so I don't know what to do at this point. I am about to tell the hubby just sign something and I will be happy with something or nothing because either way I look at it has pros and cons, and I am worse than chicken little with what ifs and oh my Gods.

kazfloyd
05-01-2008, 12:33 PM
Thank you for posting this and everyone's responses. We had been considering buying into the DVC but were hesitant in spending the money and making the committment. We have been weighing the pros and cons. We didn't want to be restricted.

Thanks for all of the information, I think I have my answer now.

mickeyluv'r
05-01-2008, 12:38 PM
but don't get confused by paranoid posters (who no doubt grow their own food and make their own clothes - the supermarkets and dept stores are out to make a profit, so buying their stuff must be a bad deal for you, you know - and the tinfoil hats have really come a long way...but i digress...)

This has been an interesting thread. Too bad you feel the need to say something like this.

popcorn::

mom2aredhead
05-01-2008, 12:54 PM
And for a family of 3 it's more affordable to just book a resort when we want to come.

Us too. If we were a larger family, 3+ kids, it would make a lot more sense and I could see doing it, since it's such a hassle to stay a lot of places if you're a family of 5 or more. For us, we fit fine in a regular room, and we usually go when I can find a good rate...for now anyway. When my little guy is older and we can't yank him out of school as easily, our WDW trips will likely be much less often. 'Cause you won't catch me there in July or August. No way...I'll melt! http://www.mysmiley.net/imgs/smile/sick/sick0012.gif (http://www.ranksurge.com)

i just don't see us ever have the $$$$ to pay for that big chunk, and DH would not want to finance it...so??

It's a huge outlay of money. People forget that sometimes. Yes, you can vacation longer for the amount of your annual dues, which is much less than the price of a hotel room, but you also had to lay out about $20K (or more) to be able to do that. It's not really a real estate investment - you're really prepaying for accommodations for the next 35-50 years.

Sometimes the ease of DVC appeals to me though.
:)

Go through the DVC board and look at all of the posts where people were wait-listed, couldn't get the resort they wanted, or are trying to rent out their points because they're unable to use them. It doesn't seem much easier than looking here on the boards for a room only code.

For us, a family of 3, the actual accommodations are not the bulk of our vacation budget, and we've stayed at AKL for our recent and upcoming trips. There are so many other costs involved that laying out that amount of money for only the accommodations part just doesn't work for us.
For our upcoming trip...amounts are approximate but really close
AKL for 7 nights $1450
DDP for 7 nights $600
Length of stay park hoppers $800
R/T air $600
Car rental $110
If DVC price included premium annual passes every year for all of us, I would think a little harder. Even with the discount they give, still not quite worth it for us. However, if I won it during a YOAMD promotion, I certainly wouldn't turn it down!

REL1203
05-01-2008, 12:54 PM
This has been an interesting thread. Too bad you feel the need to say something like this.

popcorn::

Its the internet, people have the right to express their opinions, Constructive or not... Just got to roll with the punch's, and except every post with a grain of salt... Its great to get different views on things from everyones point of view is my opinions

PamNC
05-01-2008, 01:51 PM
We have been to 2 open houses and toyed with this idea relentlessly. We keep deciding not to bite the bullet and buy. We usually stay deluxe year and year and the whole "it pays for itself" is certainly appealing, to say the least. This is what holds us back:

* Availability - we've rented points from owners in the past and it seems we can hardly ever get what we want. Given our careers, we're not able to book way far in advance. We hardly never book more than 3 months out. Usually less.

* We feel we would "miss" the "real" themed resorts - especially the Polynesian. Our second fave is the BC, and I know we could stay at BC Villas.

* Yearly fees - we're nervous that these will go up up up up.

* To stay during the weekend, it's OUTRAGEOUS!

* Last, but certainly not least, I always feel kind of "guilty" making a real estate purchase when I should be putting the $$$ into our "real" house. We have an older home (120 years to be exact) that we've been working on a little at a time. I need to spend on that, versus a vacation real estate interest.

Sometimes I wish we would have bit the bullet years ago, but we're still "on the fence." We've almost forgot about it actually.

Interesting thread.

PamNC

geokeim
05-01-2008, 02:37 PM
I don't think I would want to own an expensive cow, when next year we might want to have chocolate milk.
When you can rent so reasonably, and move around as you please, I can't see burying that kind of money into owning. And believe me, we love the Disney experience as much as anyone.
But, that's what makes it a horse race...... to each their own.:wizard:

cglaura
05-01-2008, 03:00 PM
I didn't read every single post so sorry if duplicate.

I can tell you why I owned DVC, but sold it.

We bought when we lived in Mobile, AL...was great to pop down for anytime weekend trips. This also made an annual pass a good idea. It was myself, dh and dd.

Now it is just myself and dd, we live in NJ now, so have flights to consider & park hoppers. I figured out I can get a value for 2 weeks for what I was paying in dvc annual dues. And since we have to fly, it is only convenient budget wise to go at most once per year, usually every 2-3 years.

So for me, it made sense to sell. I still spend the same per year. But now the bulk of the money is making interest in my bank, not theirs. Yes a value is smaller and not so fancy. But we only sleep and shower so the extra amenities were wasted on us.

For those with large families who are able to go a lot during the year or if you really prefer deluxe type accommodations I think it makes sense.

It is all what works for you. This worked for us. I was scared to death the first trip we stayed at ASmu after staying OKW and BWV, not to mention first time just the 2 of us w/out dad. Will it be a dive, will it be icky, dangerous? :rotfl2: Turns out to be one of the best we've ever had.

donaldseeyore
05-01-2008, 03:24 PM
We haven't bought YET. We did a presentation last June and have spent the last year contemplating it. I have done 2 rentals now through DVC owners.

By the end of this month we will have bought into DVC. Why?

1) Large family...we need larger accomodations
2) My annual dues every year will still be cheaper than what 2 rooms or a room the size we need will cost. Even with the dues prices increasing, rooms increase too
3) If we do not ever sell it, my oldest daughter will be almost 50 and my youngest will be 40. To me that means my kids and their children will be able to go to Disney and not worry about room prices.
4) We go to Disney at least 3 times a year
5) I can give family members who otherwise wouldn't have a chance to go, to go
6) I can go to Vero Beach and Hilton Head
7) I have many many many other places to go to if I want
8) I have no want or desire to travel overseas....too scared to
9) I am from Alaska and have family & friends there, I go when I want without having to pay for lodging :)
10) We are odd in our family, we LOVE Disney, no one understands why....see #5

ChickieToo
05-01-2008, 07:30 PM
...

* To stay during the weekend, it's OUTRAGEOUS!


PamNC

Just to be clear about the weekend points as it has come up a few times ... yes, taken on their own, they are about twice points of a weekday stay. I know it seems outrageous, but it has to be like this. If weekend nights were the same point value as weekday nights, they would be very hard to book, as everybody, especially those who live within driving distance, would want to book those first (no days off from work, every long weekend people would be fighting for rooms, etc.). This would be very tough for people who are planning to come from far away to plan to stay for a week.

The pricier weekend points balance out the equation, and don't put too high a demand on the most logical time people would want to stay. When looking at number of points needed it's best to look at it over the week and not concentrate on the individual # of points per day. Unless you are trying to reduce the number of points you want to use, or only plan on staying Sun - thurs.

tidefan
05-01-2008, 09:29 PM
Chalee94, good post. Actually they are all great posts and this thread has been alot of fun to read.

We will be at the BWI and GF for a total of two weeks coming up in May.

I wasn't planning on doing this but now I will: I will document my DVC encounter, if there is one, and do a write-up in the DVC board when I get back. I will take pics too.

Regarding my previous posts: I'm sorry if I sound a little stern regarding this issue. I am just the kind of person who hates to "subscribe" to anything that I cant cancel easily. I was a real estate investor for many years and I sold everything over the last few years except one of my homes. This is the first time since I was 18 where I feel freedom. Freedom from work and freedom from debt.

For those of you who did the research and are enjoying the DVC, I want you to have a great time and know that there is a special place in my heart for Disney and I understand that you love the Dis as well.

When I was a kid in the 70s, our only vacation was every few years and we always chose Disneyland.

Good Post! I also agree that if possible, you should really have the money upfront to pay the buy-in costs. We paid ours all up front, so the numbers have worked our for us. I don't think that they work out quite as well if you finance. Why pay an extra $100+ every month.

There has been very sound advice given by others to purchase small on the resale market and work your way up and pay as you go. This is very good advice. You don't necessarily need 160 points to vacation at DVC. Old Key West studios are only 109 points for a week in the summer season (96 if you can go January or September), so if you only need a studio, resale may be the way to go.

I also think that if you can do it, rent one of the DVC accommodations on one of your trips to see how well you like it. That will help you make your decision...

mikkiwikki
05-01-2008, 09:29 PM
My opinion is that you would be better off putting your money into Disney stock and not this Timeshare....ooops, I mean Vacation Club.

Save your money to pay cash for vacations and go where you want, when you want.

Disney Vacation Club is NOT an investment. For most people its probably a very bad idea.

Thanks Mr. Vincent - I agree. The opportunity cost of having your money tied up in this is real and undeniable. Invest your money, and then you have the flexibility to go to disney or wherever. I would NEVER EVER consider financing DVC :scared1:

I reiterate my previous post, and agree with Mr. Vincent AND the paperwork that disney sends you which states
"DVC is NOT meant to be an INVESTMENT instrument" <<< Re-read this...again and again....use a dictionary if necessary.

Daycounter
05-01-2008, 09:50 PM
DVC is definitely worth the cost. Yes, initially it is hard to part with 20K, but when you think about the long run, and realize that you have so many vacation choices in the future (world passport, ABD, etc.) it makes it an easy decision. Here's a hint:idea: ...
Buy as many points as you want, but have split contracts. Ex. if you want 220 pts, but are unsure if you'll need all of them, buy one contract equaling 160pts, and the second for 60pts. That way if for some reason you ever need to sell part of your DVC, you can sell the 60pt contract, and still keep the 160. Otherwise if you only had one contract you would have to sell all of the 220, because Disney won't allow you to sell partial points from one contract.

Cherta
05-01-2008, 10:02 PM
I keep seeing $20k as the reference point for buying into DVC-if this is too rich for your blood, remember you can always buy a resale contract. I just purchased a 150 pt. BWV contract for $84 per point-disney is selling BWV for $104 per point and you must buy 160 points minimum. It's taken longer than buying direct, but I think the overall savings is worth it...JMHO...

LSchrow
05-01-2008, 10:51 PM
we stayed offsite once, decided it wasn't for us. tried mods for a few years, decided we wanted more than they offered. so for another few years we stayed deluxe.
finally "did the math", & bought into DVC. we have the option of staying at some of the most beautiful resorts on property (with at the very least, a kitchenette ~ extremelly important for us), flexibility with room sizes, length of stay, & time of year, plus we can travel almost anywhere in the world for the significantly less. btw, we spent little time in the parks now, instead spend our days relaxing, enjoying the resort & other activities.

basically, DVC has given us the vacations we wanted, & will continue to for years to come.:thumbsup2

tidefan
05-01-2008, 10:52 PM
Thanks Mr. Vincent - I agree. The opportunity cost of having your money tied up in this is real and undeniable. Invest your money, and then you have the flexibility to go to disney or wherever. I would NEVER EVER consider financing DVC :scared1:

I reiterate my previous post, and agree with Mr. Vincent AND the paperwork that disney sends you which states
"DVC is NOT meant to be an INVESTMENT instrument" <<< Re-read this...again and again....use a dictionary if necessary.

*** GOING OFF TOPIC SLIGHTLY, BUT NOT REALLY WARNING ***

As said before, I don't think it's a good idea to finance a DVC purchase. That being said, now that I've thought about it a bit it's really not a great idea to finance much of anything. How many of you have financed a $20,000+ car instead of buying a $4,000 used car with upfront cash? For that matter, why should one buy a Lexus instead of the Toyota model that is really the same car but for thousands less?

I have made the personal choice to drive a paid off car and buy DVC. Others may use the same amount of $$ to buy a BMW. It's all about choices. None of them are wrong. Different strokes for different folks...

Knuckleball
05-02-2008, 09:11 AM
We also looked at DVC and although we were tempted, we ultimately decided it just wasn't financially worth it, at least to us. Here was our reasoning:

Current costs: There are three of us (2 adults and one teen). We go once a year, stay 6 nights at a moderate and usually get the basic dining plan because we enjoy trying out different restaurants. Unfortunately, we've been going during President's week...can't wait until our son is off to college in a few years and we can go again during the fall value season! Using the past 2 years as an example, in each of those years, VISA or general codes have come out that have given us a small break on the package...usually getting the hopper & water parks for free. So, for each of the past two trips we've spent about $2500 for 6 nights at a moderate, the basic dining plan, & hoppers with water park/fun. We think that roughly $1100-1200 of that cost was for the room.

DVC costs: Using "ballpark" figures, it seemed that it would cost about $15K or so to buy enough DVC points to go once a year for 7-8 nights. But, if we financed the cost, the actual total amount we would have to pay probably would be closer to $17-18K. Assuming we financed that amount for 7 years, we would have to pay about $250 per month ($3000 per year) for the basic cost of the DVC plan. Added to that is the annual maintence fee which I think is about $700. We realized that altogether we'd be spending about $3700 a year just for a place to stay each year...compared to the $1200 we currently pay for a room for 6 nights each year. We then switched gears in our thinking and "ran the numbers" based on if we paid the entire
$15K cost for the DVC upfront, leaving us only with the annual maintenance fee. But since a room at a moderate for 6 nights seems to cost only about $500 more per year than the DVC annual maintenance fee of $700, we realized that even if we paid that $500 more for each of the next 20 years the total cost of doing so would be only about $10,000. Frankly, we figured that if we saved only about $500 a year on our room costs by joining the DVC, it actually would take us about 30 years to break even.

Of course, these are all very rough calculations and based on going to Disney once a year for a week...we probably made some mistakes. But based on this reasoning, we felt it wasn't worth the cost. However, for others who go more frequently and have annual passes, the DVC might be a much better deal. To each, his own!

texasgirl73
05-02-2008, 09:38 AM
Ok I don't meet the criteria as I haven't been vacationing at Disney every year but I can tell you why I know I will never purchase DVC.....I am fickle...Disney is my current obsession but in the past I thought going back to my hometown would be the only vacation I could imagine...then I couldn't imagine going anywhere but Las Vegas twice a year...so Disney sounds great now but how will I feel in 10 years? Will I even take vacations??? Who knows...I've learned that things change and I'm not about to commit myself.

tidefan
05-02-2008, 10:01 AM
DVC costs: Using "ballpark" figures, it seemed that it would cost about $15K or so to buy enough DVC points to go once a year for 7-8 nights. But, if we financed the cost, the actual total amount we would have to pay probably would be closer to $17-18K. Assuming we financed that amount for 7 years, we would have to pay about $250 per month ($3000 per year) for the basic cost of the DVC plan. Added to that is the annual maintence fee which I think is about $700. We realized that altogether we'd be spending about $3700 a year just for a place to stay each year...compared to the $1200 we currently pay for a room for 6 nights each year. We then switched gears in our thinking and "ran the numbers" based on if we paid the entire
$15K cost for the DVC upfront, leaving us only with the annual maintenance fee. But since a room at a moderate for 6 nights seems to cost only about $500 more per year than the DVC annual maintenance fee of $700, we realized that even if we paid that $500 more for each of the next 20 years the total cost of doing so would be only about $10,000. Frankly, we figured that if we saved only about $500 a year on our room costs by joining the DVC, it actually would take us about 30 years to break even.

Of course, these are all very rough calculations and based on going to Disney once a year for a week...we probably made some mistakes. But based on this reasoning, we felt it wasn't worth the cost. However, for others who go more frequently and have annual passes, the DVC might be a much better deal. To each, his own!

Just to point out a common misconception. You don't have to buy direct from Disney.

Comparing as close as you can, i.e., a DVC Studio to a moderate, you would need nowhere near $15,000 to buy in. For 6-nights even in the summer season at BCV, you'd only need 102 points. At OKW, you'd only need 82. You can pick those buy-ins on the resale market for about $7,000 to $8,500 depending upon your home resort. Also, your maintenance fees on this would only run about $380 - $450. So, you could stay in the same accommodations and recoup your initial costs in about 10 years.

Also, don't forget your room taxes at the moderate of 12.5 percent...

tidefan
05-02-2008, 10:08 AM
I didn't read every single post so sorry if duplicate.

I can tell you why I owned DVC, but sold it.

We bought when we lived in Mobile, AL...was great to pop down for anytime weekend trips. This also made an annual pass a good idea. It was myself, dh and dd.

Now it is just myself and dd, we live in NJ now, so have flights to consider & park hoppers. I figured out I can get a value for 2 weeks for what I was paying in dvc annual dues. And since we have to fly, it is only convenient budget wise to go at most once per year, usually every 2-3 years.

So for me, it made sense to sell. I still spend the same per year. But now the bulk of the money is making interest in my bank, not theirs. Yes a value is smaller and not so fancy. But we only sleep and shower so the extra amenities were wasted on us.

For those with large families who are able to go a lot during the year or if you really prefer deluxe type accommodations I think it makes sense.

It is all what works for you. This worked for us. I was scared to death the first trip we stayed at ASmu after staying OKW and BWV, not to mention first time just the 2 of us w/out dad. Will it be a dive, will it be icky, dangerous? :rotfl2: Turns out to be one of the best we've ever had.

Laura, if you don't mind, what did you get for your DVC when you sold it?

Mouseaholic!!!
05-02-2008, 10:11 AM
*** GOING OFF TOPIC SLIGHTLY, BUT NOT REALLY WARNING ***

As said before, I don't think it's a good idea to finance a DVC purchase. That being said, now that I've thought about it a bit it's really not a great idea to finance much of anything. How many of you have financed a $20,000+ car instead of buying a $4,000 used car with upfront cash? For that matter, why should one buy a Lexus instead of the Toyota model that is really the same car but for thousands less?

I have made the personal choice to drive a paid off car and buy DVC. Others may use the same amount of $$ to buy a BMW. It's all about choices. None of them are wrong. Different strokes for different folks...




ME ME ME

3 years ago my car was totaled by a big bruzing SUV that crashed into the back end of my little Saturn wagon, "Cranberry".

I could have financed a new car....Cranberry was paid for....good insurance payout.

Instead, I had $8,000 in cash and found a 2 year old Saturn with very low mileage....taxes, tags, 100,000 mile warranty....I was on the road with...."Sparkle".

Sparkle is amazing. Not a moment of trouble AND she gets between 29 - 32 miles per gallon in all my city driving. Woo Hoo

It was a good lesson in finance for me. Now I'm more responsible about my financial decisions. It is easier to fund our vacation schedule this way!

I doubt if we would ever buy DVC - far too restrictive for our vacation style...but if we ever did.......we would not finance it.

heatherlynn444
05-02-2008, 10:35 AM
we stay in a deluxe on every visit. we have not bought yet b/c DH is not finished law school (students loan must be paid off first) and we want to pay for all of it at once, or at least MOST of it. we plan to but 100 pts. resale at frist to keep the cost down and then add on from there

LilGMom
05-02-2008, 10:52 AM
Since this thread seems to be showing both sides of the DVC coin I'll add my nickel into the hat.

We bought DVC last year after considering it and going back and forth on the issue for about three years. In hindsight I wish we would have bought four years ago. We considered the initial cost, the maintenance fees, the committment, etc. and the for us DVC is a good match.

We live in NW Florida and have been going 2-4 times a year for the last ten years. Our first resort stay was at a moderate and we instantly got spoiled. Once we stayed at a deluxe we got even more spoiled and those are the accommodations that we like. I've watched the resort prices get to a point where it was starting to price us out of the deluxes. I remember a time, within the last five to six years, when we stayed at WL for right around $120/night with a FL resident rate - can't touch that price now. I have two young boys and know that when they get to be a certain age I am going to want (or demand) that we have two rooms and I can't imagine paying deluxe rates for two rooms :eek: .

While WDW is our only vacation spot I like that we will be able to use our DVC points for other locations around the world and even on the cruises, which we plan to take in a few years.

I had spreadsheet after spreadsheet set up showing the yearly increase in resorts and when it would get to a breaking point for us, which wasn't going to be too far from now. My spreadsheets also showed when our DVC pay-in would more than pay for itself and because of our vacation style and tastes DVC is a good match. Our yearly dues were about $450 this year and you can't stay in a studio for two weeks for that amount. We will also be using our DVC as a way to treat family members so that they don't have to pay for lodging which will allow some that might not have been able to go the chance to go to WDW.

We know that it isn't an investment and we consider it our prepaid vacation fund and that is fine with us.

rie'smom
05-02-2008, 10:58 AM
Thanks for the thread. All the talk about DVC has made me miss WDW, so we're going back at the end of May for a week!!!!!!!!

I just wanted to add that this will be the 4th trip we take this year with our DVC membership. 5 days each trip.

AK club level 2 bd-7,707,
AK standard 2527
CR 1bd suite 5485
5485
21249

These are the comps because these have been and will be the accommodations we've booked.

Our trip is costing if you divide 1512
1400
2912 for 20 days
This breaks down to 728.00/trip
If you add the cost of our points 30000 to this =32912 or 11,663 more than a regular WDW trip costs.

Knuckleball
05-02-2008, 11:53 AM
Tidefan - thanks for the info. The information we had to work with came from an extended conversation we had with a DVC rep at one of the desks/stations in the Magic Kingdom. I think that she was talking about Saratoga Springs...but that might not have been the case. We spent quite a bit of time talking with her about the DVC and those were the prices that we were given. I was unaware that there were options such as studios that would be cheaper or that different resorts might be less. That didn't come out in our conversation. Nor did the option of buying privately.

dvczerfs
05-02-2008, 12:40 PM
can anyone tell me how much a std. room at car. beach is going to be in 2019,2029,2049, i know what my 2 bedroom is going to cost in 2049. 10 years ago you could stay at car. beach for $60 per night,gas was 1.20 per gallon. when you pay to stay at a resort, YOUR PAYING THE MAINT FEES FOR YOUR STAY. your room rates go up apr. 7percent per year. my maint fees go up about 3 percent per year and my room is paid for. i paid 20k in 1999 for 300pts, that about 9 night per year in a 2 bedroom at okw. see were this is going? the points were $66 per point, there up to $104. ten years later. car beach is $150.00 per night, it was $60.00 ten years ago. when your running your numbers, your assuming your room rate will always per the same. another point,YOU DONT HAVE TO GO TO WDW TO USE YOUR POINTS.theres a big book full of places you can go. i bet theres one even near you. can someone run the numbers for my 300 pts for $66 per point for 9 night stay at car. beach, eating all my meals out, feeding there washer and dryers $50 worth of quarters.for me, i love disney, been goin since 73. ive been on small world, i still go on evey year but i also like to play golf, sit on the balcony and nap and sleep in the king size bed at night. dvc isnt for eveyone. but for me , i think i did ok. disney is a business, if you go, they will get your money one way or the other. look, they already have! remember, it dont matter were you stay, i bet you smile eveytime you walk under the train station like kid, i do, thats all that matters!!:thumbsup2

Cool-Beans
05-02-2008, 01:07 PM
I might die next month (you never know when your number will be up!), so it wouldn't do me any good to have bought into a time-share.

That's just one reason. But it is, IMO, the best of mine.

rie'smom
05-02-2008, 01:26 PM
I might die next month (you never know when your number will be up!), so it wouldn't do me any good to have bought into a time-share.

That's just one reason. But it is, IMO, the best of mine.


Yes, but think about fondly your family would think of you while using the DVC membership you left them.:rotfl:

a Really Bad Egg
05-02-2008, 01:27 PM
I might die next month (you never know when your number will be up!), so it wouldn't do me any good to have bought into a time-share.



So with that line of thinking, I'm guessing you aren't investing any money either?

:lmao:

Mouseaholic!!!
05-02-2008, 01:47 PM
Yes, but think about fondly your family would think of you while using the DVC membership you left them.:rotfl:



I HAVE a illness which will prevent me from growing old with my brand-new husband.

I am sorry but I feel your comment is a little unsettling.

boldlyreal
05-02-2008, 04:35 PM
We're waiting for the Contemporary DVC to finish and then we are so in there! :)

ededmd
05-02-2008, 06:58 PM
But honestly, my question goes to those who got to WDW every year, especially those who pay to stay in Deluxes, and have chosen not to buy DVC?

We go 1-3 times a year and pay cash to CRO to stay in Poly suites, Poly concierge, and VWL villas (1BR and now preferably 2BR). Because we like staying in a variety of accomodation types and non DVC locales, because we don't / won't stay in DVC studios (and hence benefit from the lower point structure), because we always include a Fri / Sat in our stay and don't want the hassle of changing rooms / resorts (again weekends have really high point structures), because I don't want to have to be on the phone and book day by day during peak / holiday season, because I get my work schedule only 3-4 months in advance, DVC seems less than ideal for us.

Something I have heard from our DVC guide (true or not) when we did explore this option is that DVC is really great for those who want deluxe level accomodations at moderate level prices. I think if you are fortunate enough to afford the flexibility of booking direct with CRO when / where / what you want to book, DVC seems a little like a hassle.

dvczerfs
05-02-2008, 08:08 PM
We go 1-3 times a year and pay cash to CRO to stay in Poly suites, Poly concierge, and VWL villas (1BR and now preferably 2BR). Because we like staying in a variety of accomodation types and non DVC locales, because we don't / won't stay in DVC studios (and hence benefit from the lower point structure), because we always include a Fri / Sat in our stay and don't want the hassle of changing rooms / resorts (again weekends have really high point structures), because I don't want to have to be on the phone and book day by day during peak / holiday season, because I get my work schedule only 3-4 months in advance, DVC seems less than ideal for us.

Something I have heard from our DVC guide (true or not) when we did explore this option is that DVC is really great for those who want deluxe level accomodations at moderate level prices. I think if you are fortunate enough to afford the flexibility of booking direct with CRO when / where / what you want to book, DVC seems a little like a hassle.yah, i agree, with your work 3-4 mon. that would be a problem. i never had a problem but my points are at bwv and we love okw. (not to many people fight to get in okw for some reason) and we book at 7 month because we go basicly the same time evey year. we never had to change rooms and you can use point at all the wdw resorts but the value resorts. we always arive on a tuesday and leave the following friday , so that gives us 10 nights with only one weekend and we go in october or first two weeks of dec.(lowest points) we are lucky we can vacation for those days and at that time of year.(not to open the "take your kid out of school can of worms") i see were it dont work for eveyone. also , i would agree with your guides statement. that would make sence to me.:thumbsup2

joestein
05-02-2008, 08:12 PM
We recently bought our 2nd Wyndham Timeshare for under $1000 with closing costs.

It is EOY (every other year) with annual maintenance costs of approx. $300, which includes II membership.

I was able to trade my points for (2) 1 bedroom units at DVC (one at BWV, one at BCV) for my family and SIL family.

My cost per unit was approx $550 (1/2 of 2 years of Maintenace + Exch Fee + $99 DVC fee)

So why spend $20K plus ridiculus maintenace when it seems to be an easy trade. Even if it was beginners luck, well I will stay at a Hyatt or Marriott TS next time I want to go.

Joe

Sammie
05-02-2008, 08:27 PM
I HAVE a illness which will prevent me from growing old with my brand-new husband.

I am sorry but I feel your comment is a little unsettling.

If the comment had been made "after" being aware of your condition, then yes I could see where it would be unsettling, but that is not the case.

I am sure there was no ill will in the comment.

We have DVC and we love it and we have all intentions of passing it on, whether that is in many years or soon as with everything we own.

I wish you the best and prayers for you and yours.

dvczerfs
05-02-2008, 08:30 PM
We recently bought our 2nd Wyndham Timeshare for under $1000 with closing costs.

It is EOY (every other year) with annual maintenance costs of approx. $300, which includes II membership.

I was able to trade my points for (2) 1 bedroom units at DVC (one at BWV, one at BCV) for my family and SIL family.

My cost per unit was approx $550 (1/2 of 2 years of Maintenace + Exch Fee + $99 DVC fee)

So why spend $20K plus ridiculus maintenace when it seems to be an easy trade. Even if it was beginners luck, well I will stay at a Hyatt or Marriott TS next time I want to go.

Joe
im just asking, is that one of those time shares were they charge you to make a reserv. charge you to exchange your "week", and whats a 99 dvc fee?
i good buddy of mine has one ,and stayed off property at the sher. vistata?
im not to fami. with a reg time share just that you buy a week and good luck on the "list". but wow, sound like you got a good deal!

Mr Vincent
05-02-2008, 08:36 PM
We leave for WDW Sat May 3rd....that would be Tomorrow.

BWI -> GF -> Dis Cruise. Two weeks in total.

I am anticipating being approached by a Timeshare....oooops....dang, I keep making that mistake.....I mean D...V...C....rep. I will make a full report on return.

Oh BTW....these boards have really helped me prepare for the trip...u guys and gals are great.

Amy&Dan
05-02-2008, 08:53 PM
We leave for WDW Sat May 3rd....that would be Tomorrow.

BWI -> GF -> Dis Cruise. Two weeks in total.

I am anticipating being approached by a Timeshare....oooops....dang, I keep making that mistake.....I mean D...V...C....rep. I will make a full report on return.

Oh BTW....these boards have really helped me prepare for the trip...u guys and gals are great.


I don't think you'll be approached. They will be all over the place if you want to talk to them. But to my knowledge they will never come up to you and try to sell you something. They don't have to. If you want to take a tour or talk, you can stop at any kiosk at the parks, ship, or resorts. But other than a friendly smile (as in that Ultra Brite, only a salesman could smile that wide smile) they won't try to make contact with you.

Cool-Beans
05-02-2008, 08:59 PM
So with that line of thinking, I'm guessing you aren't investing any money either?

:lmao:Money would be an asset I could leave. Time-share membership nobody in the family wants wouldn't be. We do invest money, but we don't invest it in time-shares.

I respect the decision of people who choose to buy into time-shares. It just isn't for me.

tidefan
05-02-2008, 09:37 PM
We leave for WDW Sat May 3rd....that would be Tomorrow.

BWI -> GF -> Dis Cruise. Two weeks in total.

I am anticipating being approached by a Timeshare....oooops....dang, I keep making that mistake.....I mean D...V...C....rep. I will make a full report on return.

Oh BTW....these boards have really helped me prepare for the trip...u guys and gals are great.

Have a great time. The cruises are great!

jodeeluvsdisney
05-02-2008, 09:38 PM
We simply do not have enough vacation time to make it worth the while. One week (and I've been with my agency 10 years!!!:scared1: ) just doesn't add up.

Maybe someday when we find jobs with more generous time off we'll go for it!!

tidefan
05-02-2008, 09:48 PM
Tidefan - thanks for the info. The information we had to work with came from an extended conversation we had with a DVC rep at one of the desks/stations in the Magic Kingdom. I think that she was talking about Saratoga Springs...but that might not have been the case. We spent quite a bit of time talking with her about the DVC and those were the prices that we were given. I was unaware that there were options such as studios that would be cheaper or that different resorts might be less. That didn't come out in our conversation. Nor did the option of buying privately.

You are welcome. Yeah, Disney probably isn't too inclined to mention the resale market, but it is easy enough to do. Go on the DVC Operations boards and you can get a plethora ("Jefe, do you know what a plethora is?") of information and there are links to reseller information.

What is good about DVC resales is that you can get contracts for less than the 160 pt minimum (most of these are add-on contracts being spun off by members) and give you the same membership benefits as buying direct. You do need to understand Disney's Right of First Refusal (ROFR) however. You and the seller will agree on the contract, but Disney has the Right of First Refusal on that contract, in other words, they look at the price and can buy that contract instead of you at that price. This way, they keep the prices up. The upshoot of all of this is that you won't get a huge discount purchasing resale, but again, you can buy the smaller contracts.

ROFR is actually a good thing since it keeps up the worth of your points, but it can make the resale process a bit nerveracking, especially if they swoop in and buy out your contract. But at least it keeps the value of your points from dropping 60% overnight like they do on most other timeshares...

joestein
05-03-2008, 06:02 AM
im just asking, is that one of those time shares were they charge you to make a reserv. charge you to exchange your "week", and whats a 99 dvc fee?
i good buddy of mine has one ,and stayed off property at the sher. vistata?
im not to fami. with a reg time share just that you buy a week and good luck on the "list". but wow, sound like you got a good deal!

Wyndham doesn't charge you to make a reservation at any of their resorts, but if you exchange your points through II then you pay an exchange fee. in addition, DVC, unlike any other TS, charges exchangers a $99 service fee.

Do DVC members not pay an exchange fee when using II?

Joe

Booknut
05-03-2008, 07:41 AM
We simply do not have enough vacation time to make it worth the while. One week (and I've been with my agency 10 years!!!:scared1: ) just doesn't add up.

:scared1: that's all you get all year? Your employers are mean!!! There should be a law against that, we get 4 weeks minimum in Europe by law. How can they expect you to get some real rest and relax on 1 week a year??!!!


can anyone tell me how much a std. room at car. beach is going to be in 2019,2029,2049, i know what my 2 bedroom is going to cost in 2049.

So does this mean that a 2 bed that is 250 points a week today will always be 250 points a week or will you need more points in say 10 or 20 years to stay the same amount of time? If the points stay the same then I think DVC is a great deal :thumbsup2

If the amount of points you need increases as well over time along with the increase in maintenance fees then I can't see it as a good deal for our family as we'd probably only go every 2 years and we'd have to stay 2 weeks which would require a lot of points.

For our family its easier to just rent points if we want to stay Deluxe. But we love the moderates too and when our baby girl is older she'll probably go through a phase of loving the values and wanting to stay there so for us there's a lot more flexibility in not owning.

If we lived on the same continent though i'd probably buy it in a hearbeat though regardless of whether i'd come out ahead ;)

OlderMan
05-03-2008, 08:16 AM
Polints at all DVC resorts are fixed.

Seasons may change, but the total points required for reservatioins at a given resort can not change,

For example, if a peak season two bedroom villa at XYZ resort is 300 points per week, it will be 300 opints per week FOREVER. IF DVC SHOULD increase point requirements for a particular day/week at some resort, it MUST be accomodated by a corresponding DECREASE in another day/week at the same resort.

Only once in DCV's history have they done this. It was at OKW about 12-13 years ago. So, if a 2 BR villa was 200 points per week (in a given season) and it is now 275 points per week, there MUST be a corresponding decrease in points required for the same season in other villas in the same resort.

Total points per resort are fixed and additional points can't be "created" after the resort is sold out.

We bought OKW 11 years ago, and even though we now live in Florida--about an hour away--we visit 2 or 3 times per year.

ClareH37
05-03-2008, 08:35 AM
I'll give you my 'story' lol.

I'm a deluxe girl through and through (I admit I am a resort snob but I'm not a snob otherwise if you know what I mean :blush: ), I like to stay in the Epcot resort area club level if possible.

I think DVC is a great thing for a lot of people but for me there's something about staying somewhere with a kitchen that reminds me of home and when I vacation I want to get as far away as home as possible :rotfl:

I did consider DVC but I didn't want to be tied into anything permanently with Disney (i.e. timeshare) and also the kitchen thing was a no-no for me, although the DVC resorts are lovely resorts I prefer the deluxe resorts.

Anyway, my parents brought me some DVC points at the BWV for Christmas last year (it was a surprise), they thought it made financial sense.

I have the choice of going once a year and using my points to stay at a DVC resort or going once every two years and using my points to stay at a deluxe resort (club level). Call me mad but for me, I'm going to use my points to stay deluxe.

Booknut
05-03-2008, 08:38 AM
Polints at all DVC resorts are fixed.

Seasons may change, but the total points required for reservatioins at a given resort can not change,

Total points per resort are fixed and additional points can't be "created" after the resort is sold out.

Thanks for clearing that up, that's great to know and definitely makes DVC a good deal :thumbsup2