Convincing DH to buy DVC

[Nicoal13]

It's my dream to own a piece of the mouse, however, DH doesn't share my love of WDW.

I'm trying to prepare to ask him by having tons of information ready to help convince him.

So I have a few questions:

1. What are the financing options through Disney?

2. What are financing options for resale?

3. What is ROFR?

4. What about traveling to non Disney properties? Does this cost more points? Pros and Cons?

I think the only way I can convince DH is by telling him about the non-Disney vacations we can take.

I don't envision him going to WDW again until we have kids. But if we own DVC, then I can at least travel to WDW with other friends and family.

Thanks so much!

 

[DisNDat]

I have an idea...tell your DH how much DVC sells pts for and get him really sweating.

Then do your research, find a good resale for much less money...and run to him telling him about the great bargain you found.

He'll be so proud of you for saving your family money that he might no longer resist buying something he doesn't think he wants or needs.

You'll never know unless you try!

 

[Nicoal13]

Great idea DisNDat!

Are there any cons to buying resale?

 

[bobbiwoz]

Since a resale is the only way that you can buy into DVC at VWL, BCV, OKW, BWV, VB and HH, there are more pros than cons. You have to be careful of ROFR, because every resale gets submitted to Disney, and if they think the terms are too generous to the buyer, they buy it, and the seller gets the money from Disney and the would-have-been-buyer is out of that sale.

If you go with a reputable broker, I think it's a safe transaction. There also are people here who can tell you how to do it safely without a broker.

If you read these boards, you will find that many people write against using points for non-DVC purposes, and others are pleased as punch that they do, so read and ask questions. Lots of people will offer help.

Bobbi

 

[Nicoal13]

Ok, I get what ROFR is now. Thanks Bobbi!

 

[HookdonWDW]

Have you ordered the video? It shows some of the exchanges you can make, and sometimes a picture is worth a thousand words .

 

[crisi]

I wouldn't buy DVC to trade out. But if you can convince your husband to indulge your Disney-itis every other year, a smaller contract can make a lot of sense. You may be able to find something in the less than 100 points range available resale (which would make it very affordable), or buy 150 points for a 2 bedroom every other year (there is nothing like the kids sleeping in the other room. My husband particularly appreciates the fact that there are more "romantic" possibilities when the kids are asleep in a different room). Or even 150 points every other year in a studio and rent or share the remaining points (I know some families do that).

 

[Cruelladeville]

Hubby needs to understand that millions of people live in, and vacation in, Florida every year, and only a small amount of them spend time in the parks. If you like golfing weekends, you can do that in Florida. If you like just soaking up the sun in luxurious surroundings, you can do that in Florida. If you like dinner shows, eating in nice restaurants, power shopping, you can do all that, and more, in Florida. For many of us, owning a DVC timeshare is no longer about going to the parks, it's about top-drawer villas with lots of space, with a top-rate name to guarantee it.

Most other timeshares are cheaper, that's true, but they don't hold their value. Marriott timeshares sold for $18,000, and go for $8000-$12,000 on the resale market. I got mine for $6000, and that's what I use to trade out. I save the DVC points for use in Florida, or at Vero or Hilton Head.

 

[Pa@okw95]

A divorce might be easier. Just kidding. At any rate if your husbannd does not like WDW now I don't think he ever will. The parks are the reason why a lot of people do not like WDW--believe it or not a lot of people out there do not believe that waiting in line after line to go on an attraction is something they want to do on vacation. I happen to be one of those people. I would suggest you give up on the idea of buying into DVC.

 

[tjkraz]

I'm not sure that anyone answered your question about financing.

The answer is that if you go with a resale, you need to find your own avenue for financing. Many use a home equity line which would have a very low interest rate and allow you to write-off interest on your taxes. If that isn't a possibility, the waters get a little muddy. Most banks won't write a loan specifically to finance a "timeshare" because most timeshares lose a tremendous amount of value immediately after purchase.

DVC finances purchases made directly from them. The rates are competitive (9.75% for 10 years) and they are pretty liberal with approvals. But the only resort you can purchase is SSR.

Of course with SSR you get an extra 12 years of ownership, so it may be worth the higher price...

 

[Degli]

NOOOOO! Never give up! I've been working on my husband for a year and a half. He does love DW too although I think he can't envision going there every year. I think when we go next year I'm gonna really work on him. We'll take a tour of DVC and will be renting points to stay there. He's goota get hooked that way. Keep trying at all cost.

 

[RumpleMom]

Order the DVC video, then rent points to stay at any of the DVC resorts for your next trip. Plan some non-park days to relax at the beautiful resort, plan at least breakfast in the room and if you have a 1 bedroom maybe another couple meals. This will make your vacation less hustle and bustle. We hate having to go somewhere for every meal. Also with the 1 bedroom pack fewer clothes and do some laundry, which is so convenient when we go in the humid, rainy summer. My DH likes dealing with less luggage.

I am so happy that the DVC salesperson approached DH when he was in the lobby without me.
He signed us up for the tour and the whole thing was like he was talking me into it.

 

[Nicoal13]

Wow, thanks for all the responses

HookdonWDW - I have the video. That is part of my plan.

crisi - if we did buy DVC, I can only see us going to WDW every other year. I'm sure my DH would like the separate bedrooms once we have kids too

Cruella - thanks for your thoughts, I appreciate it!

Pa@okw95 - I'm hoping to convince him to buy, but he will only want to go on the non WDW vacations. I will go to WDW every other year with friends and family, and DH and I will go somewhere else on the opposite years.

tjkraz - thanks for addressing my financing questions. That helps a lot.

Degli - I'm glad we're united it never giving up!

RumpleMom - the next time I can manage to drag DH to WDW, I do plan on renting points to help convince him. Thanks for the suggestion!

 

[Simba's Mom]

I can't answer any of your questions, but good luck! My DH also didn't share my love for WDW. Somehow I got him to buy DVC (those tears are magical sometimes!) 2 years ago, and slowly, boy is he changing! He has a DVC luggage tag that he displays proudly, and on our last trip to Disney's HHI, he insisted on a $75 DVC jacket that said "members are.."["what's that word?" he asked me-hey, I said he's changing slowly!] And he's actually looking forward to our next OKW trip-this is a man who used to be "Disney tolerant". So don't give up-and look for a change once you join!

 

[Nicoal13]

Simba's Mom - thanks for showing me there is hope!

 

[caverill]

After reading this post, I would make the following suggestions:

1) Make it a Win-Win for the vacation...If he likes to golf, show him the courses at Disney and in the Orlando area. Same with Fishing. Stress that you would like to vacation together (if that is the case ). Remember you can also go to Vero or HH on points, if you both like the ocean.

2) Point out the option of trading...It may not be the best use of points, but that doesn't mean it has no value. We used our points to stay at the Grand Hotel on Mackinac Island, which we wouldn't have done without DVC.

3) Try it out...Rent or Book a 1 bedroom room and don't focus on the parks...Enjoy eating out, strolling together on the Boardwalk, clubing at PI, etc. There is much more to WDW then just the parks. This might convert him.

4) Work out the numbers...When we purchased, my wife and I decided we wanted to vacation on a regular basis. With that in mind, we started looking at the costs and the vacation club made sense to us financially.

Hope this helps...

 

[Nicoal13]

Clark - I think the fishing and clubbing might be able to convince him. Great ideas! He loves to fish, he can do that while I do the parks. I would love to go to Mackinack, its pretty close to our home and a lovely area.