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Old 12-02-2012, 01:05 PM   #1
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cancelling dvc within 10 days..... why did you decide to?

Contemplating cancelling our DVC. Why did you choose to or if you thought about it and decided not to, why?
Disney as a child: '82 CR,'84, CR,'85 CR,'87 CR,'88 CR,'89 CR....Disney as an adult: '03 off property, '04 off property, '10 1 day off cruise, '11 CBR (DD first trip!), 2012 WL, December 2013 BC, September 2015 BC
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Old 12-02-2012, 01:21 PM   #2
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Is there a particular reason you are not proceeding (you should ask yourself if it's financial, don't understand DVC, or don't travel every year/other year?)

Yes, it is a financial commitment. The money you pay upfront plus the yearly maintenance fees. The airfare, travel expenses, park tickets, food will add up.

No, we did not cancel. We've been owners for over 10 years and are very happy with DVC. That's not to say DVC is for everyone.
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Old 12-02-2012, 01:30 PM   #3
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We also got cold feet..... But we did not cancel. For me it was wondering if the financial aspect was a fit for us, based in our vacation history. I'm glad we didn't cancel. We would never be able to vacation the way we do if not for DVC. Only you can decide what's best, so good luck in your choice. If you keep it, I'm sure you'll love it as much as we do!

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Old 12-02-2012, 02:52 PM   #4
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If it is a direct contract there seem to be a couple of consistent reasons why people cancel.

1 - They got caught up in the pixie dust of the moment and now realize that it's a large financial commitment as well as an ongoing commitment to visiting Disney every year or every other year that they may not want to have.

2 - They got home, did some research, and discovered they could save thousands of dollars on resale.

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Old 12-02-2012, 06:05 PM   #5
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We got cold feet in the day or 2 after we signed our contract, but did not cancel. I'm so glad we didn't... we love our DVC.
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Old 12-02-2012, 06:25 PM   #6
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The recision period is Florida law to protect consumers in any real estate transaction. With ANY transaction of this size, ANY product, ANY seller, my advice to anyone who has even the slightest doubt would be to rescind.

If you rescind, you can take your time, do more research, think it over, etc, etc. until you feel sure of what you are doing -- one way or the other. If you decide timeshares are for you, and DVC meets your needs, you'll be much more comfortable and you can re-purchase. If not, you'll know you made the right choice.

If you hesitate, you may find yourself locked into a 30-50 year financial committment for a product you don't really understand, and which may not be the best vacation alternative for your family.
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Old 12-02-2012, 07:46 PM   #7
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And if you choose to sell it sooner rather than later (plus if you finance), you are not going to get the price you paid for it. Plus you'll pay the real estate company their 10% fee to sell it for you. So, not only did you have to sell it, you had to pay to sell it.
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Stop the madness. No more DVC construction.
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Old 12-04-2012, 11:08 PM   #8
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Originally Posted by KAT4DISNEY View Post
2 - They got home, did some research, and discovered they could save thousands of dollars on resale.
Ding! Ding! That was me!

1988 - Polynesian * 1995 - Carribean Beach * 1996 - All Star Sports * 1997 - Candy Cane (Disneyland) * 1998 - All Star Music * 1999 - Contemporary * 1999 - Contemporary * 2000 - Disney Wonder /Coronado Springs * 2000 - All Star Sports * 2001 - Disney Magic (Eastern) * 2002 - Disney Magic (Western) * 2003 - All Star Movies * 2004 - Disney Magic (Eastern-San Juan) * 2006 - Contemporary * 2006 - Coronado Springs * 2007 - All Star Sports/Animal Kingdom Lodge * 2008 - All Star Sports * 2009 - Disney Magic (Western) * 2009 - All Star Movies * 2010 - Disney Magic (Eastern) * 2011 - All Star Sports * 2012 - Disney Fantasy (Western) * 2013 - Animal Kingdom Villas-Kidani * 2013 - Bay Lake Tower * 2014 - Boardwalk Villas * 2014 - Animal Kingdom Villas-Kidani
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Old 12-05-2012, 11:17 AM   #9
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We went the direct route, bought and have note really looked back.

5 years ago, we moved to Bangkok, Thailand, so don't get to use it as often as we would like. However, we use the points through RCI and other Disney Resorts or sell or rent them.

I know this does not really talk to your original thought, but the point is you can use the points in very many ways. However, and this came directly from our slaesman at DVC, if you are more of a Red Roof Inn type of vacationer and don't got to the Disney alot, it is not worth it.

Hope this helps.
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Old 12-06-2012, 01:52 PM   #10
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We were setup for 160 points at Bay Lake, financed at our local bank since the rate was less. We ended up cancelling it before the 10 days was over due to the overall cost of financing as it would have been thousands more than we paid.

We were not aware of resale at the time, a year goes by and I started looking online and discovered resale.

We are now in the final days of closing on 240 points at SSR. We are extemely happy with the fact that we cancelled the original purchase because now we have more points per year, and it cost us half the price.

We're not interested in cruises or adventures and will be happy to be able to visit WDW every year in a deluxe resort.
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Old 12-02-2012, 06:16 PM   #11
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We are still with in our ten 10 window but don't anticipate canceling. This may be because we are pulling the money from a retirement account that we haven't done much with and hasn't grown much beyond the price of buying outright. I'll certainly call fidelity or the timeshare group with the ad on this site and see what they can do for us. However we will probably still buy direct because buying resale isn't with out problems too. Many resale contacts I see don't have full point availability for up to two years because the seller had just used banked and borrowed points. Add to that the drama that can ensure by sellers backing out. I don't want to spend months getting rejections. We just got off the Disney dream and already have begun planing to go back on dvc points for the Halloween party. I'd hate to make ressies only to have the headaches of buying resale.

That being said, I'm confident we'll be adding point via resale.
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Old 12-12-2012, 11:08 PM   #12
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Originally Posted by monica9 View Post
Contemplating cancelling our DVC. Why did you choose to or if you thought about it and decided not to, why?
We went through the DVC tour basically for the ice cream and Disney gift cards. Then, we went home and sat on the idea for an entire year.

At the point of the transaction, we had cash for our desired amount of direct points (280 AKL).

No regrets at all. We do not splurge much on the adults in our family and we did not consider this something we were doing for the kids. It was a promise to ourselves that we would 'force' ourselves to take great vacations. It has worked out wonderfully because now we do take vacations and have a higher standard than what we had before.

However, we had no idea that there was a resale market. I not sure, even now though, I would buy resale because I don't like having restrictions. We like to use our points in different ways and have found it to be a good way for us to use our timeshare.

I will only 'regret' buying DVC if they change 'essentially' how DVC works now. I like that I can go to any DVC resort as long as I can make a reservation at the 7 month mark. It will severely lessen my love if this ever happens.
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