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Old 10-27-2010, 04:52 PM   #16
jana
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For 10 days on an EOY basis staying at a value , then the finances will be fairly close in the short term. HOWEVER DVC is a long term holiday plan. The further down the curve you can look, the better the financials will look. There is also the fact that you will be upgrading to a nicer hotel, for the same money. Much better facilities that may induce you to want to spend more time enjoying those (free) activities ( pools with slides, gyms , DVD hire etc) , instead of paying to be in the parks. Discounts on AP , dining, recreation. Even on 100 points or so, you'd get close to 10 nights EOY in a 1 bed at OKW (you can save a fortune just on breakfast and beer/wine in the room) or 2 trips every 3 years in a studio. You can always start at the lower level and if you did want to/were able to start coming every year add on the few extra points you need. I'm guessing at 45 and soon to be married, any kids ( from former relationships) have or soon will have "flown the coop" or aren't likely in the future so a studio is likely to be more than adiquate for you.

Another aspect to consider is, while the exchange rate with the $ isn't as good as it has been, it's still a hell of a lot better than the Euro and your fine British Pound goes a lot further in the USA that in Europe. However using DVC to travel in Europe is still a pretty good deal. 160 points will get you a week in a top quality timeshare resort all over Europe. I think DVC is still cheaper than buying something comparable in Europe and has a better "trading value" .

If you haven't taken a tour before, I would strongly recommend doing so EARLY IN YOUR NEXT TRIP. There are two main reasons for touring early
1) If you want to take out Disney's finance you have to sign in Orlando ( you can buy from home, but have to sign for finance while there)
2) There have been times, depending on how your room was purchased , that DVC have been able to take the remaining hotel days on your holiday, transfer you into your new DVC home resort and use the money you'd already spent on that holiday towards your down payment.

So many people leave it to the last day and then find they would have REALLY benefitted from one or both of the above, at the very least from the extra "thinking time" it gives them on any incentives DVC may be offering.
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Old 10-30-2010, 03:59 AM   #17
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There is also the fact that you will be upgrading to a nicer hotel, for the same money.
This actually turned out to be the single MAJOR benefit for us though we didn't realise how much it would turn out that way until after we'd bought in.

DVC may(will) not have saved us a lot of money overall (yet) because we'd have never been able to justify the extra cost of staying at places like Boardwalk, Beach Club, Wilderness Lodge etc on a regular basis in the first place, most likely we'd have stuck with Moderates. Now we've stayed at all those resorts without having to justify anything - we just stay there when the urge takes us and get better rooms to boot.

We've had our WL DVC for over 8 years now (6 years for our smaller BW add on) and are approaching that point where we're breaking even on our initial purchase. I've never once regretted the purchase and if anything the benefits over the years were actually greater than I anticipated before we bought in. You'll pry my DVC from my cold lifeless hands before I'll give it up
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Old 11-15-2010, 02:39 PM   #18
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I have read this with interest. A friend of ours bought points years ago and swears by it. We fly in 10 days and I have thought about DVC. What puts me off is the yearly maintenance fee and having to find flights which can be expensive. How much does 100 points cost if I buy in Orlando?
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Old 11-15-2010, 02:47 PM   #19
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Originally Posted by martinrmn View Post
I have read this with interest. A friend of ours bought points years ago and swears by it. We fly in 10 days and I have thought about DVC. What puts me off is the yearly maintenance fee and having to find flights which can be expensive. How much does 100 points cost if I buy in Orlando?
Martin that will depend on if you buy direct or resale, also which resort you want to buy into.
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Old 11-16-2010, 10:05 AM   #20
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Also, the minimum initial purchase if you buy directly from DVC is 160 points.
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Old 11-16-2010, 05:08 PM   #21
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We bought 220 OKW points in 1996 and another 25 a few years later. It's a decision we've never regretted. We've used our time to take our own family, share trips with friends, host my brother's wedding, allow our 2 sons and their friends (who were teenagers at the time) to have a safe Disney holiday without us there, and to enjoy time there just the two of us too.

We calculated the purchase paid for itself in 2001 (allowing for maintenance costs) so since then we've had a 2/3 week Disney holiday every 2 years for just the cost of the maintenance and our flights.

We're in the middle of planning a trip next August with friends who went with us in 2001 - back then it was 9 of us (4 adults, 5 teenagers (all in a 2 bed apartment)) - this time it will just be 5 of us but we're sure we'll have just as much fun.
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Old 11-17-2010, 04:34 AM   #22
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Also, the minimum initial purchase if you buy directly from DVC is 160 points.
I purchased a 100 pt contract directly from DVC (OKW) for my son recently. (I didn't go the resale route because I wanted a specific use year, 2009 points as well as 2010 plus the longer 2057 contract - and, the ability to use them immediately )

Mine was a cash purchase so you may still need you to buy more points if you need finance.
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Old 12-30-2010, 10:46 AM   #23
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Smile DVC sold to me!

There are two factors affecting value. In July 2010 we decided to take the plunge - we bought 240 points per year, home resort Bay Lake Tower.

After discount was applied, the cost was 26,400 dollars for a 50 year contract. Value factor 1 - don't take Disneys credit - we found UK loan rates 2 or 3 % cheaper meaning less interest. Disney were quite happy with this. They even allowed us to use their Internet facilities to research finance options on UK websites to compare against their own. Indeed, we opted to sign up, pay nothing except the initial legal arrangement fee. UK customers have a 14 day cooling off period and 60 days to settle the finance. This allowed us to go home and shop for credit further, and time the payment to favour the exchange rate.

Value factor two - the exchange rate. We budgeted for a pessimistic exchange rate of around 1.50 dollars to the pound. Had we signed in May, the 240 point deal, 26400 dollars would actually have cost us around 18500 pounds, plus credit interest. Had we signed in November, exactly the same deal would have cost us only 16200 pounds, all due to the exchange rate fluctuation. In the event, we paid 17,200 for our 240 points.

On the point of exchange rate, DON'T transfer the money from your High Street Bank! Yes, they will say it's safe and convenient, but the Royal Bank of Scotlands exchange rate was dire compared to the official base rate at the time. Around 1.45 dollars, compared to 1.54 base rate (from memory). had we simply accepted the banks rate, the difference would have cost us around an extra 1000 pounds. No. Get your finance, by loan or otherwise, and find a specialist currency trading company that will transfer your hard earned money from UK to US for much closer to the official base rate. We chose torfx.com based in sw England. They provided an excellent efficient service and a great base rate and sound advice regarding trends and timing.

So...17200 pounds buys us the equivalent of two weeks accommodation at world class hotels around Disney properties or other venues around the world through exchange each year for 50 years. for the money, you get a far more spacious and classy accommodation than you might get by chancing a package holiday each year, and you know exactly the sort of standards you are getting.

We were given the previous years points for free in our deal with Disney to put towards out first holiday next year....so...in 2011 we will be spending two weeks at WDW in Florida - one week with a savanna view room at the DVC only Kidani Village and the second week at the Bay Lake Tower, lake view, both one bedroom sleeping five of us.

The equivalent cost of this standard of holiday in July 2011 we have searched and found to be around £8000 as a package from UK. We chose Virgin flights, which are costing 3000 pounds for next year, so we can conservatively say the accommodation element is worth around 5000, therefore if we take this sort of holiday on four occasions it will have paid for itself and more!

We can then look forward to a further 46 years of " free" holidays, and can pass the deal down to the kids in future years, should we choose. Unforeseen circumstances? Sell it! I think you can't lose with this deal, provided you want a high quality regular annual holiday, or holidays.... Because the points deal seems very flexible.

then there's the bonus of exclusive access to certain accommodation and facilities around your Disney accommodation, plus discounts here and there. My only wish is that they look at deals for park tickets, dining and possibly UK flights. Still, it's not cheap but I honestly think it's a steal. Last July we stayed in international drive...the hotel was ok but disappointing and there are so many hidden costs like parking, associated with being outside Disney. Then there's the sheer time saving by being close to the action!

Having made such a massive investment (we have a joint income of 49000 salary), I know I'm already looking forward to my holiday next year, because I know for sure what we are going to get, and you cant put a price on that. It's not cheap, but my conclusion is it's easily worth it!!
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