I agree TJ. We must have been on the same cruise. The meeting for existing members was SO low key. In fact, after the meeting I stopped by the DVC desk to find out what the incentives were for existing members because the details really were not presented. They wouldn't tell me but wanted me to schedule a meeting with the guide. So imagine my surprise when I attended the meeting for new recruits. It was so different and obviously full of mistruths.
Another point mentioned in that meeting is that one of the big reasons Disney agreed to DVC is because they were losing so many guests to offsite resorts due to cost. Isn't that why they built the Value resorts?
I purchased direct at Disney in January. The incentive was how ever many points you purchased you were credited them for 2011 immediately. In fact, when I made my deposit a few days later the 2011 points were available for me to book that same day. Point prices were $90 for SSR and $121 for BLT. The only "push" was the guide mentioned the date that the price would go up to $130 which was just a few days later.
We had a tour and meeting with a guide in 2008, but he didn't really answer a couple of our questions, details that we wanted to know first, so we didn't buy. I did a lot of research on my own (love the Disboards!) and when I went this January I spoke to a guide at a booth to make an appointment. I told him I didn't want the same guide as before and the specific questions I had. I didn't want to waste anyone's time if they weren't going to answer them. The meeting lasted for two hours, I got all of my answers and was very happy with my guide. There was no push at all.
The only mistake I made was purchasing all of my points in one contract instead of two. While I don't plan on my children inheriting my points, heck I still plan to be going to Disney in my 80s, I forgot that contracts can't be split. Oh well, I'll just have to purchase a second contract which means more points to use.The sacrifices we make for our children.
WOW those are good prices for direct. That is not the prices we just got when I called my guide for an add on.Must be just for new members?
I don't think so. The guide was telling us about his upcoming trip to Alani and that he was waiting to go until after the price increase because he knew of several of his clients that were going to do add ons, but said they always wait until the very last day. I did see somewheres that BLT is running around $150 now. I wasn't sure if that was correct, because I distinctly remember him saying the increase was to $130. Maybe he had it wrong?
Here is a take on the cruise part. For example I was looking at a 7 night Alaska cruise for Aug. 2013. The cash price was $8450, the points cost was 1144 for a family of four in a verhanda room. My dues average $5.30 per point. Now you need to factor in your inital investment. I paid 35,480 for my 500 points. Over the live of my contract I will get aprox. 25,000 points. So I paid about $1.42 per point. So for the cruise I am paying about 6.72 per point. 6.72×1144= $7688+the $95 transaction fee= $7783 I am paying for cruise using my points, a savings of $667 over the cash price. Everyones numbers are going to be different than this depending what you paid per point and your dues. Some will have more savings than me, some less. One thing is for sure though, it is not a huge savings if any at all.
You are right, but renting out points is not for everyone. I do not personally know anyone to rent to, so it would be a stranger for me. Some things that would worry me, if this person you rent to does not pay their bill, you as the owner are responsible, if they trash the room, you as owner are responsible. If they want to back out and haven't payed in full your points go in holding and you may lose them. If they want to back out and have a good reason, I would feel obligated to return their money. You would have to call MS for them if they wanted to make changes, add DDP, or had a complaint. And finally is it really that easy to find someone who well rent your points for $10 per point? It is easy to say, just rent your points for $10 per point and buy the cruise on cash, but is it really that easy.So much talk of the cost of DVC points surrounds the idea of combining purchase price with annual dues to get a true cost of the points. And I guess that makes sense as far as an "out of pocket" cost is concerned. But something you overlooked is that it is very easy to rent the 1144 points you need for the cruise for about $10 a point, which would be $11,440. So you could rent out the points and they pay cash for the cruise and pocket $2,990 in cash. This is one of the main reasons people say that using points for a cruise is a bad deal. The value of the points is not what you paid for them, it's what others will pay you for them.
I have heard from guides before that a good chunk of new sales comes from exsiting members. There is a good percentage of owners that add on after their initial purchase.DVD knows that the money is with new members not existing and they know that existing members probably know the rules and regulations so it's more difficult to paint a inflated sales picture and to make a sale.
I have been told that the Guides want to spend there time where they make the most money and selling to existing members isn't where it's at.
Bill
OP here. Any feedback from those that have recently attended sales presentations onsite at Saratoga? Is the information provided upfront and accurate? Or more like my "cruise experience?"
As noted, it varies by guide. As you've presented it, I'd say your presentation was about as far out as DVC goes. Milquetoast in my book.OP here. Any feedback from those that have recently attended sales presentations onsite at Saratoga? Is the information provided upfront and accurate? Or more like my "cruise experience?"
You got nothing except what you purchased. If your contract was still in its 2011 UY, you simply got what you bought. Nothing more, nothing less than the LAW requires.We also got an 'extra' 160 points from this year.
I'd be amazed if DVC/RCI offers anything in Egypt (which would be a rather scary place to visit anyway). There are only a handful of DVC/RCI options in Europe -- and I'd be willing to bet, no reasonable expectation of actually getting a reservation.I have to admit I am disappointed with the cost of cruising, going to non Disney places such as Egypt or Europe. It would cost our three person family ten or twenty years worth of points to do those trips.
Under Florida law, you have ten days. I don't know your personal situation or what you were guaranteed in writing, but the general consensus with any timeshare purchase is "If you're not sure...rescind."We still have a few days to think about it but I don't think we will go through with it.