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Old 06-29-2013, 09:27 AM   #1
winniethepooh2
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If you were going to to join DVC all over again......

I am a newby to the board and thought I would make this my first post.

I am interested in purchasing at the Grand at DW. I spoke with the rep and he tells me the cost is $150 per point and maintenance fees are around $1,700 annually. I usually go to DW at least once a year and purchase two rooms at the GF. It seems to me if I plunk down $60,000 (400 points) I can get a nice villa or better during the times that I want to go down and my payback would be +/-9 years. Understanding that I would be on the hook for the maintenance fee for the life of the contract, if I am a regular to DW, I don't see the downside to doing this. I confirmed the Deluxe Dining package is available for purchase for everyone in my family (2 adults and 3 children), I would be staying on the same property as I would if I stayed at the Grand Floridian (my usual cost for my stay is $8,000 for the rooms only), and the rooms in the new vacation club building are larger and newer.

What am I missing and what should I consider before doing this?

As my title states - those that have purchased, are there any regrets or things you would/would not do?

Thanks!!
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Old 06-29-2013, 09:33 AM   #2
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I would have the pts on multiple deeds. I would think this would be important for you with 400 pts as your travel needs can change and you may want to downsize your points in the future.
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Old 06-29-2013, 09:46 AM   #3
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Hi and welcome to the boards.

There is a sticky on the top of these boards ( Resource center) that has a history of all the maintenance fees. Currently GFV is 5.41 so 400 pts will be 2,164 not 1,700.

As well as saving you some money on the rooms you will also get a discount on your annual passes. Many members ( myself included) stager their trips just a little by starting their second annual trip just a week or so before the time they went the previous year to get 2 years out of a pass.

The added benefit of having a washer/dryer and full kitchen in your room will have you never wanting to go back to a regular room. Have fun.
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Old 06-29-2013, 09:57 AM   #4
winniethepooh2
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Originally Posted by Rochester Disney Fan View Post
Hi and welcome to the boards.

There is a sticky on the top of these boards ( Resource center) that has a history of all the maintenance fees. Currently GFV is 5.41 so 400 pts will be 2,164 not 1,700.

As well as saving you some money on the rooms you will also get a discount on your annual passes. Many members ( myself included) stager their trips just a little by starting their second annual trip just a week or so before the time they went the previous year to get 2 years out of a pass.

The added benefit of having a washer/dryer and full kitchen in your room will have you never wanting to go back to a regular room. Have fun.
Sorry - you are correct. I was originally talking to the rep about purchasing in the 300 point range. See your from Rochester - Nick Tahoes for garbage plates - YUM!

No regrets, things you didn't consider or gotcha items that you experience as a result of your DVC purchase?
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Old 06-29-2013, 10:20 AM   #5
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Originally Posted by winniethepooh2 View Post
No regrets, things you didn't consider or gotcha items that you experience as a result of your DVC purchase?
I waited a few years to make sure returning to WDW was something I was going to be doing with no regrets. Joining DVC has made the trips more relaxing knowing you can always do something next time.

As far as the contract itself I did not know about splitting the contract into the point structure you might desire later for either selling part or passing it down to children in equal shares. I learned about that on these boards after I joined. I have added on a few times and have it worked out that my twins can now have equal amounts someday if they would want them for their future family.
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Old 06-29-2013, 10:23 AM   #6
winniethepooh2
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Quote:
Originally Posted by Rochester Disney Fan View Post
I waited a few years to make sure returning to WDW was something I was going to be doing with no regrets. Joining DVC has made the trips more relaxing knowing you can always do something next time.

As far as the contract itself I did not know about splitting the contract into the point structure you might desire later for either selling part or passing it down to children in equal shares. I learned about that on these boards after I joined. I have added on a few times and have it worked out that my twins can now have equal amounts someday if they would want them for their future family.
Splitting the contracts is an interesting concept but passing on the contracts means you are passing on the ability to stay there AND the monthly/annual maintenance fee - correct?
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Old 06-29-2013, 09:58 AM   #7
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Originally Posted by Rochester Disney Fan View Post
As well as saving you some money on the rooms you will also get a discount on your annual passes.
The annual pass discount -- as well as the ability to get DDP -- are CURRENT perks. They are not guaranteed, did not exist just a few years ago, and could go away at any time.

Both of those particular perks are items which DVC must negotiate with other Disney operating units, so you'd be foolish to consider them regarding a $60,000 purchase.

Also, OP's comment on DDP is not quite accurate. OP, you can get DDP for anyone -- family or not -- staying in a DVC villa on points. Not staying in some other Disney or offsite property, and not just because you are a DVC owner. The perk is specific to DVC points stays. Again, this perk could go away at any time.
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Old 06-29-2013, 10:18 AM   #8
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Originally Posted by JimMIA View Post
The annual pass discount -- as well as the ability to get DDP -- are CURRENT perks. They are not guaranteed, did not exist just a few years ago, and could go away at any time.

Both of those particular perks are items which DVC must negotiate with other Disney operating units, so you'd be foolish to consider them regarding a $60,000 purchase.

Also, OP's comment on DDP is not quite accurate. OP, you can get DDP for anyone -- family or not -- staying in a DVC villa on points. Not staying in some other Disney or offsite property, and not just because you are a DVC owner. The perk is specific to DVC points stays. Again, this perk could go away at any time.

Sorry - not familiar with the acronyms yet - I assume DDP is the Deluxe Dining Plan? If so, I was told the dining plan is only available to those that stay at a hotel onsite as well as DVC members and can be purchased for cash - not points. What am I missing? Thanks.
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Old 06-29-2013, 10:46 AM   #9
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Originally Posted by winniethepooh2 View Post
Sorry - not familiar with the acronyms yet - I assume DDP is the Deluxe Dining Plan? If so, I was told the dining plan is only available to those that stay at a hotel onsite as well as DVC members and can be purchased for cash - not points. What am I missing? Thanks.
Yes, Disney Dining Plan.

DDP is available to guests in any onsite Disney resort. DVC members can get DDP for points stays. You pay cash for DDP, but you have to be staying in a DVC villa on points. There is no DVC owner DDP perk -- it's tied to a DVC points stay. For that reason, even non-owners renting DVC reservations have the ability to get DDP on the same terms you do.

If you book a regular onsite hotel room, you can get DDP subject to the regular DDP requirements for hotel guests. I haven't used DDP in years, so you'd have to check to see what, if any, differences there are between DVC and regular hotel guests.
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Old 06-29-2013, 10:03 AM   #10
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Quote:
Originally Posted by winniethepooh2 View Post
I am a newby to the board and thought I would make this my first post.

I am interested in purchasing at the Grand at DW. I spoke with the rep and he tells me the cost is $150 per point and maintenance fees are around $1,700 annually. I usually go to DW at least once a year and purchase two rooms at the GF. It seems to me if I plunk down $60,000 (400 points) I can get a nice villa or better during the times that I want to go down and my payback would be +/-9 years. Understanding that I would be on the hook for the maintenance fee for the life of the contract, if I am a regular to DW, I don't see the downside to doing this. I confirmed the Deluxe Dining package is available for purchase for everyone in my family (2 adults and 3 children), I would be staying on the same property as I would if I stayed at the Grand Floridian (my usual cost for my stay is $8,000 for the rooms only), and the rooms in the new vacation club building are larger and newer.

What am I missing and what should I consider before doing this?

As my title states - those that have purchased, are there any regrets or things you would/would not do?

Thanks!!
If I were looking at buying into DVC now instead of 16 years ago? I wouldn't be buying into DVC now. The price per point is just too high.

The maintenance fee for GFV is $5.41 according to the DVC Resource thread. That put your 400 points at $2164 this year. This fee is likely go up each year. Maybe $464 isn't that much in the scheme of things to you right now, but plan on it to go up each year. That alone is the price of a discounted ticket.

After the Aulani fiasco, I'm gonna bet they took great pains to determine a correct annual maintenance fee for GFV, but plan on it going up.
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Old 06-29-2013, 10:21 AM   #11
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Quote:
Originally Posted by Deb & Bill View Post
If I were looking at buying into DVC now instead of 16 years ago? I wouldn't be buying into DVC now. The price per point is just too high.

The maintenance fee for GFV is $5.41 according to the DVC Resource thread. That put your 400 points at $2164 this year. This fee is likely go up each year. Maybe $464 isn't that much in the scheme of things to you right now, but plan on it to go up each year. That alone is the price of a discounted ticket.

After the Aulani fiasco, I'm gonna bet they took great pains to determine a correct annual maintenance fee for GFV, but plan on it going up.
That's the dilemma I face. I realize the cost is going to go up annually BUT 15 years from now (or anytime after my break even from upfront costs is realized) paying even $3,000 annually for a weeks stay seems like it would be worth it when you take into account that the hotel cost at that time would more than likely have increased also. Agree?
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Old 06-30-2013, 08:58 AM   #12
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Quote:
Originally Posted by winniethepooh2 View Post
That's the dilemma I face. I realize the cost is going to go up annually BUT 15 years from now (or anytime after my break even from upfront costs is realized) paying even $3,000 annually for a weeks stay seems like it would be worth it when you take into account that the hotel cost at that time would more than likely have increased also. Agree?
This was the way I viewed DVC when buying in. For ex., All Stars are priced at $155 per night rack rate in Oct., thats where we were staying until purchasing DVC. Best rate we ever got there, $50 per night, but circumstances were 9/11 had just happened, so travel was slim those days.

We knew the price for rooms would continue to rise, so buying in DVC got us bigger rooms, more amenities, and eventually we would reach a break even point.

As others have mentioned, your vacation habits will change. Ours did. No more up at crack of dawn, running around like wild people on a mission, coming in at night cranky and mad, tired, and doing all the same the next day. We now relax

Our 1st contract, $72 per pt, steep in those days, knowing many had bought in at low 50s. Next contract, $75, next, $81, last, $83. All were tough to swallow, but we have gotten so many great trips out of those pts.

Which brings me to now...knowing what I know as a member since 2001, I would have to go resale at the steep prices buying direct are. Buy where you want to stay for sure, and if VGF is where you want to be, thats got to be your personal decision, but if you looked at resale market(DIS sponsor, The Timeshare Store is one such resaler)you may see things in a different way, as prices are roughly half of what you are looking at now.
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Old 07-01-2013, 09:07 PM   #13
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Quote:
Originally Posted by winniethepooh2 View Post
That's the dilemma I face. I realize the cost is going to go up annually BUT 15 years from now (or anytime after my break even from upfront costs is realized) paying even $3,000 annually for a weeks stay seems like it would be worth it when you take into account that the hotel cost at that time would more than likely have increased also. Agree?
Exactly. While it is true you need to consider the fees will go up, it is not a good reason to not buy since the hotels costs will go up, just like everything else.
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Old 07-01-2013, 10:02 PM   #14
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I definitely think that Disney needs to either
1.) Change the mouse keeping policy regarding towels and amentities because it does not match travel industry norms. I do a lot of business travel. I am an Ambassador Platinum member with Intercontinental hotels meaning I spend a lot of nights on the road. I can tell you that the overwhelming majority of nights I stay, usually a week at a time, housekeeping leaves me extra shampoo and conditioner every day, even if I don't need it. One hotel chain even has a commercial with a guest shoving so much shampoo and conditioner into a suitcase that it can't close. The commercial spokesperson says you deserve more rewards than just shampoo and conditioner. DVC is fighting that battle. I know people will say that DVC is not a hotel but a timeshare but many people see it as their lodging and want to compare it that way. Not that it is right but it is true.
2.) Train mouse keepers and guests on the policy. My sister recently stayed at a DVC resort on our points and while there called and asked me about more shampoo. I told her that there would be trash and tidy service but they may or may not leave shampoo but that they could purchase it. The next day she texted me saying that they were good as mouse keeping left several shampoo bottles for them. Maybe the policy needs to be emphasized at check in to both remind and inform those guest who don't know.
3.) Do away with all towels and amenities. Problem solved. Personally I hate this idea.
I vote idea #1, provide more towels, etc upon request with the full understanding that my dues will go up.
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Old 07-01-2013, 10:44 PM   #15
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Originally Posted by Goofy DVC View Post
I definitely think that Disney needs to either
1.) Change the mouse keeping policy regarding towels and amentities because it does not match travel industry norms. I do a lot of business travel. I am an Ambassador Platinum member with Intercontinental hotels meaning I spend a lot of nights on the road. I can tell you that the overwhelming majority of nights I stay, usually a week at a time, housekeeping leaves me extra shampoo and conditioner every day, even if I don't need it. One hotel chain even has a commercial with a guest shoving so much shampoo and conditioner into a suitcase that it can't close. The commercial spokesperson says you deserve more rewards than just shampoo and conditioner. DVC is fighting that battle. I know people will say that DVC is not a hotel but a timeshare but many people see it as their lodging and want to compare it that way. Not that it is right but it is true.....
DVC is not a hotel. Hotels are hotels and timeshares are timeshares. We pay for everything with our annual fees. You pay for everything in your hotel stay with your nightly bill.
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