A thought and Question

[scottyboy]

We joined DVC in 2000 and love Disney. When do people not buy into DVC anymore? When do peopel feel it is not worth it until 2042? All other timeshares are forever that is why I ask this question. Are there going to be any extentiions and like all of the people getting in now are they asking these questions? Appreciate any thoughts to this.

Thanks
Scott

 

[PoohBears#1fan]

We're buying at the moment, we've fed-exed the paperwork and are waiting for the deed to be recorded.

Personally for us, we're very happy with viewing it as if we've prepaid for 40 years worth of holidays, we'd probably still be happy doing that in 10 years time (for 30 years), I can only really speculate after that.

I think if it only had 10 years left to run, I would still buy in but not at the current price.

That's my thoughts, hope they help.

 

[drusba]

Not all other timeshares are forever as a number of them have adopted the Disney method (some are even shorter periods). As long as people are buying Disney has little incentive to change the 2042 year; likely in another 5 to 10 years it is going to become a very important question for a new purchaser; if Disney is still building and selling then, you may see an extension of the ending date for a new resort; but don't count on any extension for the one you own now -- what you are more likely to see a few years before 2042, if Disney is still going strong then, is a special "renewal" offer to existing owners to extend for some long period of time which probably won't look much better than today's Magicial Beginnings incentive.

 

[anniet]

I asked that very question of my guide right before I signed the closing papers. "What happens in 2042." He sort of looked at me blankly and basically I figured my guess was as good as his. But since I'll be 77 in 2042 and don't really plan on having children, I guess that's long enough for me!

 

[CarolMN]

Right now, the 2042 end date only matters if you are thinking of DVC as a financial investment, rather than a pre-paid vacation plan. (Of course, at some point, the end date will become close enough so that the value of DVC will be less than "paying as you go". That's when Disney will definitely have to do something!. I think we have quite a few years left before that will be a problem - maybe as many as 15 - 20, depending on individual vacation patterns).

In our case, we knew we would be spending xxx dollars annually on a Disney vacation. DVC turned out to be a less expensive option than "paying as we go", AND we got to stay in much bigger and nicer accomodations. Even if we don't get anything back from our initial purchase (if we ever decide to sell), we'll still be ahead. Our "break even" period was much less than the time reamining before the end of DVC.


IMHO, no timeshare is a good financial investment. At best, a timeshare purchase is very risky if you are doing it to make money. I do not think it is realistic to expect to get your initial purchase price back, let alone see it increase. I know that some DVC members who bought in during the early 90's did get their initial purchase price (and then some) when they sold. Again, IMHO, this is really a rare case and except for DVC and maybe a very few others, it just doesn't happen. The fact that DVC has increased in value so far is a BIG plus is a credit to both the product and Disney's ability to attract buyers. Those buying in now should NOT expect to "recover their investment" later on.

JMHO. YMMV.

 

[anniet]

Right now, the 2042 end date only matters if you are thinking of DVC as a financial investment, rather than a pre-paid vacation plan.

I totally agree with you CarolMN.

Before I purchased I discussed this with my brother-in-law who has his Masters in finance and is employed in the financial industry in Boston. He said that NOBODY should purchase DVC or any timeshare as a financial investment. You should purchase it as a pre-paid vacation plan that you intend to use, and the money that you use for this should be money you wouldn't have invested, but would have used for vacation purposes anyway.

 

[DVC1996]

We also purchased DVC as a "prepaid vacation plan" and not as a financial investment. Since we also like to vacation in other places ( primarily the national parks out west) we have been reluctant to buy more points. I think this is something else you should consider when buying your membership. As the saying goes, "Don't put all your eggs in one basket". Think about how often you reasonally think you will vacation at WDW or the other options ( II, Concierge) for the next 40 years when considering the number of pts to purchase.

 

[BCVOwner2002]

I agree with everything everyone has posted but wanted to add that DH and I also looked at the end date and decided this was a much better investment than leasing a car or even purchasing one. Think about it . . . how many cars will you have purchased over 40 years at a cost much higher than you will pay for 40 years of pre-paid DVC? To us this was a no brainer decision. JMHO