A Question or Two

[Rafiki Rafiki Rafiki]

I've been around the DIS awhile and spent lots of money on Disney trips in the past year (as well as in previous years) and DH and I have been to a DVC talk onboard the cruiseline. Here's what I'm wondering:

1) Why purchase DVC points instead of buying into a deeded property with vacation club weeks?

2) What happens to DVC in 2042 when the club expires? Do you have to purchase again?

I'm sure I'll have more questions later.

Paige

 

[CarolAnnC]

Hi Paige!

The DVC points are actually deeded as well. The point system gives you the most flexibility. As opposed to purchasing a particular week of the year, you can use your points any time, subject to availability. So in other words, you may want to skip down for 4 nites in July for a getaway. Then perhaps use more points in September for a long weekend. You can pick and choose your vacation times. That is what I love about DVC....I can go almost any time of year to WDW!

DVC ends in 2042.. I do not think I'll be around then to care. There has only been speculation thus far, but as it stands the DVC is scheduled to be liquidated at that time.

I have purchased two contracts and I plan on leaving one to each of my DD's in my will. In the meantime, we are having a wonderful time making memories with lots of WDW vacations and cruises!

Let us know if you need more help!

 

[Figment2]

I can only tell you why I joined. Everyone else I know that has bought a timeshare has to go at least one week sometimes both weeks at a time.

I spent 1-1/2 weeks in January and I'm going in August for four days and then another week the end of October. A friend used her DVC points in early May and we spent a weekend.

I like the idea of being able to choose for how long and when I want to go. Plus I like being able to choose where I stay - Jan. - Boardwalk, August - OKW and Oct. - Beach Club. I like it so much I've added on twice (and I first bought in May 2000).

2042 - haven't thought that far out. Having too much fun now.

Cyn

 

[TnRobin]

Hi Paige

Glad you came to the DVC Board for a visit. Welcome

We chose DVC over other timeshares because other timeshares said they could exchange for a Disney property. But then they qualified it with - if available. We knew we loved staying on site.

Plus as Carol stated, not being locked into a particular week or a particular size allows a lot of flexibility. We have stayed in studios, 1BRs and 2 BRs without any un-necessasry banking and transfers. The point system really works well for us.

 

[Doctor P]

Flexibility of time of year and accomodations, not to mention a variety of DVC resort options, were the great selling points to me. Not to mention the Disney magic!

 

[ohioMickey]

I'll be 73 when the program ends in 2042. I think that there is a high probability that at some point in the future a "DVC 2" will start with a date that expires much later.

I have already informed my dd (age 6) that when she grows up she must buy into DVC 2 and share her points with me when our program ends in 2042.

She agreed with the stipulation that I pay for her to have her wedding at WDW!!! egads...

She drives a hard bargain for a 6 year old!!!!!

 

[wdwnut]

wow Mike, what a kid! seems like she's gonna be just fine with the whole dvc2 thing! seriously, we'll be a fair amount older than OhioMickey when dvc ends in 2042; our two contracts will be shared by our kids. we figure we've already recouped almost all our initial investment and will recoup the rest within 5 years. we love wdw and try to get there a couple times a year. this works well for us. you'll have to see if this will be worthwhile for you.

 

[normr]

Paige,

Buying another timeshare in Orlando just isn't the same as being onsite, doesn't even come close. And like everyone has posted, the flexibility of DVC is what also sold us. Plus if I need to trade out, I've got some GREAT trading power.

 

[doubletrouble_vb]

I now have both... If I had to do it over again I would probably buy Disney first, either as a resale or direct depending on circumstance. Then I'd definitely buy the second share as a resale because they are so cheap (see also the timeshare resale website & www.tug2.net).

Insanity you say!

I like the other Orlando themeparks as well and my share is very convenient to Seaworld & Universal whereas staying onsite at Disney definitely wouldn't be.

I like the flexibility of being able to trade into hundreds of other II timeshares but at the same time not having to give up something that would be distinctly more valuable on average in order to do it. And at the same time no one is forcing you to stay the entire week in the share.

At the same time I like the flexiblility of the point system and the concierge collection ties nicely into some other locations I have reason to go to regularly like Charleston, Stowe or major cities like New York, Boston and Washington that have either very limited or no timeshares available through II.

P.S. Although I don't think Disney's "deeding" is quite the same timeshares that give you a week I suspect if you only own one week it doesn't make much of a difference to the owner in terms of security. It might be a different story if you owned 52 weeks.

 

[mickey7861]

Buying another timeshare wasn't an option for us, we HAVE to be in Disney. That's why DVC made so much sense for us, we were spending the big bucks yearly to stay in WDW. DVC actually saves us money and upgrades our vactions. We'd never pay full price for WL or BW rooms.

As far as 2042 goes........I'll be 81 and DH will be 84 god willing. Our DS will be 59 and DD will be 57. I think by this point they'll be doing DVC with their families instead of with us. Looking at it this way DVC not only takes care of our vacation needs but also provides many years of vacation opportunities for them.