DVC Question

[dreuther]

I am trying to figure out if the DVC is worth it for my family and I was wondering if anyone can help with the following questions. Thanks in advance!
1) I know you need to but a minimum of 150 points for SSR, what is the going rate for those points?
2) I saw a Resale at SSR on the Timeshare Store for $78/point, but what other hidden cost do I need to be aware of?
3) What is the current maintence cost per point for SSR
4) Lastly, we do not go down every year, but at least every 2 years. Sometime we would like to go more, it all depends on our finances. We love going at then end of Jan, seems to nice and empty then. We normally stay in moderate and occasionally value and a deluxe oncce in a while. My question is the DVC worth it for us?

 

[Chuck S]

Since you normally stay in moderate and deluxe resorts, I would say that yes, DVC would be worth it for you. Espcially since those resort accomodations will undoubtedly increase in rental price over the years.

In addition to the $78 pp resale, you would need to pay closing costs, and thought the first year dues are negotiable between buyer and seller, generally the buyer pays the current dues if the points are available for use. It depends on how badly the seller wants to sell. For SSR, at that $78pp cost, I think it may still be better to buy through Disney, if they are offering a good incentive, Disney pays closing costs on points purchased through them.

If the difference between a contract ending in Jan 2042 (all current resorts except SSR) and 2054 (SSR) is important to you, then buy SSR. If however, you think you may not have the ability(because of age, health, whatever..) to travel to WDW after 2042, I would definately consider a less expensive resale at another DVC resort.

 

[tjkraz]

Best price you can get right now for SSR direct from DVC is $85 per point. That has your first year's points coming no sooner than March 2005, so you get 49 years total. You would have no dues payable until mid-2005, and if you finance through DVC, there would be no payments and no interest until mid-05 as well.

Current maintenance is $3.8005 per point, but it is subject to change in 2005. A portion of the maintenance paid represents property tax, which is most likely deductible on your tax return. Interest paid, if financed through DVC, is also deductible in most cases.

 

[Par8hed]

Purchasing via a home equity loan is also a good fiscal move for deducting the interest.