Anyone backing out?

[DisDadDVC]

For a large frugal DVC resale buyer, an annual pass discount does matter. Resale allows me to take my whole family at a discounted rate and hotel. DVC says buy our timeshare it gives large families space and now it is less affordable for those same families. I'll say it again, although DVD has ROFR to inflate resale, the economics of devaluing resale also devalues retail.

Oh, I don't think anyone is saying it doesn't matter. Just that owning DVC should still make sense for you without it. If it doesn't, then DVC isn't for you. I own resale and always buy AP's. I would (will) be sad if (when) they take it away. It will hurt my wallet and maybe cause me to cut back in other ways (1br vs 2br, etc).

 

[Rhonda Mousie]

Not backing out! We want points. But was this all bad timing for us. We thought we would be considered a resale like the rest. We been held up in ROFR for the full month and got the pass on 3/13. Closing this month (April). So we will need to go with the flow. Just disappointed they took this approach. Interested to see what happens to the resale/renting market.

Sent a letter to DVC as well so we are on record. Hope they provide a little pardon for us few.

 

[npmadsen]

Not backing out! We want points. But was this all bad timing for us. We thought we would be considered a resale like the rest. We been held up in ROFR for the full month and got the pass on 3/13. Closing this month (April). So we will need to go with the flow. Just disappointed they took this approach. Interested to see what happens to the resale/renting market.

Sent a letter to DVC as well so we are on record. Hope they provide a little pardon for us few.

I have calmed down and am not going to back out
I realize I would not use many of the perks anyway and I got a great deal
I just did not like the way it was handled
I want to also write a letter
Would you share what you sent them?
I'm having trouble composing my letter I could use some direction

 

[DisDadDVC]

I have calmed down and am not going to back out
I realize I would not use many of the perks anyway and I got a great deal
I just did not like the way it was handled
I want to also write a letter
Would you share what you sent them?
I'm having trouble composing my letter I could use some direction

Part of the problem is, you aren't buying from Disney. They really don't care if you close on your deal or not. They have already sold those points and it is really the current owners problem. They don't care if no one ever buys those points. As a matter of fact, they'd prefer no one did.

 

[Rhonda Mousie]

I have calmed down and am not going to back out
I realize I would not use many of the perks anyway and I got a great deal
I just did not like the way it was handled
I want to also write a letter
Would you share what you sent them?
I'm having trouble composing my letter I could use some direction

I just expressed our devotion to the brand and the world. Explained how we took the change emotionally. Whether or not we will use the perks does not matter. We understand their right to do what they did but not how they did it. We had more respect for the brand. A little of the magic died this week.

 

[npmadsen]

I just expressed our devotion to the brand and the world. Explained how we took the change emotionally. Whether or not we will use the perks does not matter. We understand their right to do what they did but not how they did it. We had more respect for the brand. A little of the magic died this week.

Thanks great way to proceed
Who did you address it to and whom did you send it to

 

[Coamfo]

Ladies and Gentlemen,
Calm down. Let's do the math. An average contract buyer may go in for 160 points (which I think a family of 4 may want to buy in as). With current rates today for resorts like SSR, AKV, that is a saving of about $9,000.

Assuming you plan to go as a family of 4, you would lose about $400 annually in Annual pass discounts.
Assuming you buy RACK RATE made in China junk that is super over inflated in Disney stores (as opposed to buying the same from a Disney outlet before you go to Disney), and spend $400, you lose about $40 in savings.
It would take you over 20 years to come close to making up the diff in buying resale, without even considering any compounding on the original saving.

PLEASE note I am not saying this does not dilute the value proposition for resale after 4/6. The point is, it is STILL a huge saving from buying direct. I do not know why Disney is thinking this will deter resale. Unless....... people impulse buy a lot. Surely they do not

We take one 10 day vacation a year. 10 day tickets are currently $400/each. We have 3 children so those are $380 each. So for two vacations we are talking $3880 in tickets for both trips. However, if we buy the Gold Pass at $549 each, we can take a trip the second week of Dec 2016 and the end of Niv/first week of Dec next year with the same pass. That equals $2745 for BOTH trips. I don't know about you, but the $1135 savings is a big deal to me. (That covers 2/3 of my dues!) Luckily we are grandfathered and I'm buying a direct contract soon so it doesn't matter for us, but it does for others.

 

[DeeCee735]

Doesn't the savings of thousands of dollars in buying resale, versus direct, sort of somewhat make up for not being able to use any of the perks (which can be cancelled or changed at any time anyway?) Just sayin.....
Other big time share companies have restrictions on perks if one buys resale as well. Seems to be the way timeshares generally work, and it took DVC a little longer to enforce same? Just one way of looking at it.

 

[dankil13]

I'm not backing out - but if DVD takes my contract I will just continue to rent points, since there is no differentiation between being a renter and DVC owner thru resale now. I will save a lot of money upfront, not to mention not having the commitment to visit WDW every year or every other year for the next 30+ years.

 

[DisDadDVC]

I'm not backing out - but if DVD takes my contract I will just continue to rent points, since there is no differentiation between being a renter and DVC owner thru resale now. I will save a lot of money upfront, not to mention not having the commitment to visit WDW every year or every other year for the next 30+ years.

There isn't much differentiation between renter and current resale buyer, but I put a GREAT value on being able to control my own reservation. I rented for 7 years before we bought. It was always a hassle asking about availability, not being able to add on a day etc.

If I were to do it all over again today, I think I might buy a 25 pt contract direct, and then just take in a transfer every year.

 

[dankil13]

There isn't much differentiation between renter and current resale buyer, but I put a GREAT value on being able to control my own reservation. I rented for 7 years before we bought. It was always a hassle asking about availability, not being able to add on a day etc.

This is why we bought after renting for many years - but we also wanted to feel like we were part of the club and have the same perks as everybody else.

 

[Coamfo]

Doesn't the savings of thousands of dollars in buying resale, versus direct, sort of somewhat make up for not being able to use any of the perks (which can be cancelled or changed at any time anyway?) Just sayin.....
Other big time share companies have restrictions on perks if one buys resale as well. Seems to be the way timeshares generally work, and it took DVC a little longer to enforce same? Just one way of looking at it.

It absolutely does. I see both sides of the fence on this really. I can't go into a jewelry store with $500 and expect to walk out with the same quality ring as someone who walked in with $5000.

However, when I bought my resale, I was under the understanding that I was a equal DVC member. Had that changed mid process, I'd have backed out. I am currently in ROFR and if it were my first contract, I'd back out.

For people signing resale after April 4, they have the knowledge and option of knowing what they are losing access to. If it still makes sense to them, they can then move forward knowing the facts. That's my only issue is that Disney really should have grandfathered everyone in the process in.

 

[AnnaKat]

Well I am now glad that we added on 55 BWV direct to our June membership and then 25 BWV direct to our Aug membership. I was really regretting that (that we didn't just wait on WL for that other 25 for June) but now it looks like it may have helped us...if resales prior to 4/4/16 are NOT grandfathered (because both my June and Aug had all resales prior to adding the BWV direct).

IF there were NO grandfathering of ANY resale contracts, THEN Disney would not have changed their mind on the new resale contracts(the April 4th cutoff in their determined stage of the process). Disney would NOT have to make ANY determination IF there was NO grandfathering, AND ALL resale contracts were stripped of Member Perks! They would merely SAY that the date of ROFR, closing, OR whatever made NO difference--pre 4/4 OR POST, as ALL resales
ARE affected! Instead, DVD spelled it out that previous resales were NOT affected.

ALSO, they just issued the NEW Membership Cards. SO WHY, instead of waiting, IF PREVIOUS resale contract Members are NOW Membership PerkLESS?! Because they ARE grandfathered in.

 

[lovin'fl]

Doesn't the savings of thousands of dollars in buying resale, versus direct, sort of somewhat make up for not being able to use any of the perks (which can be cancelled or changed at any time anyway?) Just sayin.....
Other big time share companies have restrictions on perks if one buys resale as well. Seems to be the way timeshares generally work, and it took DVC a little longer to enforce same? Just one way of looking at it.

Not really if a new buyer didn't want Poly and could only get the resort they wanted, say BCV or VGF, via resale...that is the only price to pay as DVD closed sales on those. And they have waitlists on others. Plus, as I mentioned before somewhere, I bought AKV resale in 2013 for $66pp while family member bought direct for about $100pp (a couple years before me)...then I resold in 2015 for $80pp and now folks can buy AKV resale for high $90s and even more (same as what my family paid direct just a few years ago). I could resell my OKW for more than I paid in 2006...and I have used 10 years worth of points. Poly expires in like 48 years while my OKW expires in 26...so they should be cheaper. My BWV, the same... they have almost half their life of points gone. So, as a grandfathered owner (and direct owner), no, I don't think resale buyers today should get less perks since they are paying less for resale than direct (I think direct prices are an overinflated bubble, like the early 2000's housing market).

 

[Paula Sedley-Burke]

DVC is about staying on the world resort for us. Enjoy it for the accommodation it's lovely! The perks are great but they do come and go. A nice to have. The accommodation is the actual deal and knowing you have that for the contract life means I feel so lucky to be able to stay every year at SSR/VGF or any I can score at 7 months. If they changed the rules about the accommodation then I would worry!

 

[Rhonda Mousie]

It absolutely does. I see both sides of the fence on this really. I can't go into a jewelry store with $500 and expect to walk out with the same quality ring as someone who walked in with $5000.

However, when I bought my resale, I was under the understanding that I was a equal DVC member. Had that changed mid process, I'd have backed out. I am currently in ROFR and if it were my first contract, I'd back out.

For people signing resale after April 4, they have the knowledge and option of knowing what they are losing access to. If it still makes sense to them, they can then move forward knowing the facts. That's my only issue is that Disney really should have grandfathered everyone in the process in.

Define your 'back out'. Most of us have deposits on the line already. Not so easy to back out. There is only a small window where you can back out and get all your funds returned.

 

[ColonialMouse]

We're already members but signed a contract on 4/3 to add on again (via resale). Still struggling with whether to cancel or not.

 

[dankil13]

We're already members but signed a contract on 4/3 to add on again (via resale). Still struggling with whether to cancel or not.

If you are already members you won't lose any benefits. Its only those who are purchasing their first contract.

 

[suebeelin]

We're already members but signed a contract on 4/3 to add on again (via resale). Still struggling with whether to cancel or not.

If you think the resale markets gonna dip, and you are willing to wait for that to save some cash, then backing out is a good option,

 

[DeeCee735]

If a current member (since 2000) buys a resale in the future, will there be a way to cut perks for those resversations made on the resale? What would happen if a reservation was made with both the direct points and the resale points? I wonder how Disney will handle that....