help before we buy

[chris168]

Our family is new to DVC, haven't bought in yet but about to. We had a tour yesterday. Went in thinking we'd buy at Bay Lake Tower because we stayed there last year and loved it. Didn't realize the cost was so high. We want to buy from Disney to have AP discount and chance to stay at new resorts. Don't want to buy Riviera though, heard it will be a bad resale value. Now considering buying 100 points from DIsney at Old Key West for the perks at lower cost then 150 points resale at Bay Lake. Because we are new, want to make sure this is a good idea and will work for booking rooms. Usually stay in one bedroom, could squeeze in studio if needed. Don't really mind any of the resorts.

 

[Matty B13]

Do you have a favorite resort or area of WDW that is a must have location? I would start with that first, DVC can change the rules about booking other resorts at anytime, therefore it is best to "buy where you want to stay", not buy low and hope you can get in at your favorite resort.

1 bedrooms are nice, but are a lot more points than studios. Look at the point charts for all the resorts, and figure out what season you will be mostly traveling in, and then that will let you know how many points you need.

 

[disney11fan]

Our family is new to DVC, haven't bought in yet but about to. We had a tour yesterday. Went in thinking we'd buy at Bay Lake Tower because we stayed there last year and loved it. Didn't realize the cost was so high. We want to buy from Disney to have AP discount and chance to stay at new resorts. Don't want to buy Riviera though, heard it will be a bad resale value. Now considering buying 100 points from DIsney at Old Key West for the perks at lower cost then 150 points resale at Bay Lake. Because we are new, want to make sure this is a good idea and will work for booking rooms. Usually stay in one bedroom, could squeeze in studio if needed. Don't really mind any of the resorts.

Please listen carefully. Slow down. DVC will be around a long time. Go home and think about it for 30 years and if you feel it's a good fit by all means do it. Remember 30 years to cool off

 

[skippytx]

When do you plan on traveling and for how long? Trying to figure out how many points you'll need/want.

Buying 100 OKW and 150 BLT doesn't really make sense in most cases, I'd advise against it. You'd be better off picking up 160 Resale BLT and another 75 Direct if the benefits are that important to you.

they're probably not though.

 

[disney11fan]

As you can tell my feelings about DVC.

 

[seasalt81]

Hi! I actually asked a similar question a few days ago. We are kind of considering the opposite. Direct at Riviera and then a larger resale at Old Key West. In case any of the replies are helpful to you, here is the thread where I posted the question: https://www.disboards.com/threads/would-this-be-too-complicated-direct-resale.3762403/

 

[Matty B13]

Hi! I actually asked a similar question a few days ago. We are kind of considering the opposite. Direct at Riviera and then a larger resale at Old Key West. In case any of the replies are helpful to you, here is the thread where I posted the question: https://www.disboards.com/threads/would-this-be-too-complicated-direct-resale.3762403/

You would be better off having all your points at OKW if that is where you want to stay, instead of having 75 at Riviera just for the perks. With the new rules that DVC has to change the UY of ROFR'd contracts, I think it is much easier to buy a direct contract from DVC in the correct UY than it has been in the past.

 

[chris168]

Do you have a favorite resort or area of WDW that is a must have location? I would start with that first, DVC can change the rules about booking other resorts at anytime, therefore it is best to "buy where you want to stay", not buy low and hope you can get in at your favorite resort.

1 bedrooms are nice, but are a lot more points than studios. Look at the point charts for all the resorts, and figure out what season you will be mostly traveling in, and then that will let you know how many points you need.

Bay Lake Tower has been the favorite but haven't stayed at all the others. After I saw price from Disney I thought just get all points resale at Bay Lake since we like it but my partner is worried about not being a full member.

 

[chris168]

As you can tell my feelings about DVC.

Wow guess you are not a fan

 

[disney11fan]

Wow guess you are not a fan

Disney i like. DVC ownership NO.

 

[disney11fan]

I have a degree in business / economics and the only person this benefits is Disney.

do you have any idea where you'll be in 10 years..... Maybe divorced, maybe transferred to another city and state far removed from Disney. My advice have a long cooling off period.

 

[seasalt81]

You would be better off having all your points at OKW if that is where you want to stay, instead of having 75 at Riviera just for the perks. With the new rules that DVC has to change the UY of ROFR'd contracts, I think it is much easier to buy a direct contract from DVC in the correct UY than it has been in the past.

Are you saying all resale points or all OKW direct points? We are actually weighing both. We do quite like OKW but we also have a lot of flexibility so feel like the 11 month window might not be as important. Though the more I read, the more I think I might be wrong on that one! Kind of like OP mentioned above, though, I have this idea that all resale isn't really "full" membership... but maybe that's just more in my head than anything else? (Sorry to hijack your thread, OP!)

 

[Matty B13]

Bay Lake Tower has been the favorite but haven't stayed at all the others. After I saw price from Disney I thought just get all points resale at Bay Lake since we like it but my partner is worried about not being a full member.

BLT is probably the "cheapest" DVC resort, close to MK, but that isn't saying much....... but if that is your favorite, I would buy resale first with enough points for a 1 bedroom standard view. The standard view option is what will save you the most money, since you will have the 11 month booking window. After you have paid off your resale contract, maybe add a 75 point direct BLT for the perks. You are probably better off buying resale first to get the UY you need that works for the time you vacation during the year. This will also give you time to really know if you like DVC resorts, that way if you don't then you can just sell your contract and probably won't lose to much money, as a posed to buying direct first and then finding out DVC doesn't work for you, and then you have to sell at a big loss.

 

[disney11fan]

Our family is new to DVC, haven't bought in yet but about to. We had a tour yesterday. Went in thinking we'd buy at Bay Lake Tower because we stayed there last year and loved it. Didn't realize the cost was so high. We want to buy from Disney to have AP discount and chance to stay at new resorts. Don't want to buy Riviera though, heard it will be a bad resale value. Now considering buying 100 points from DIsney at Old Key West for the perks at lower cost then 150 points resale at Bay Lake. Because we are new, want to make sure this is a good idea and will work for booking rooms. Usually stay in one bedroom, could squeeze in studio if needed. Don't really mind any of the resorts.

Since you asked for help... I'm helping you. Promise you will thank me down the line. You can buy me a Starbucks coffee. I'm 65 and retired 10 years. Still married 35 years... And yes been to Disney 16 times. Just last month and going next month.

 

[seasalt81]

I have a degree in business / economics and the only person this benefits is Disney.

do you have any idea where you'll be in 10 years..... Maybe divorced, maybe transferred to another city and state far removed from Disney. My advice have a long cooling off period.

Hi, again I know this wasn't direct at me but it brought up a question... isn't that what resale is for? It's not a facetious question, I'm really wondering. If in 10 years, the contract isn't working out and we sell it and in the meantime we had 10 years of trips, a least a few of those years after we broke even so at a savings, it seems like that still makes sense?

 

[motherof5]

I bought a few years ago and did direct OKW and resale AKV. I love both resorts. I also did it for the perks like you stated. OKW is great and has the biggest rooms. Good luck

 

[disney11fan]

Notice no one ask ?s the way I do. I want you. To think about the big view.

 

[Matty B13]

DVC never makes true financial sense, so far, resale contracts have increased in value from their original prices, but with the way the DVC management is adding new restrictions every year, this could change. The price of resale contracts could evaporate as soon as you sign the direct contract agreement, just like every other timeshare out there, that is worth pennies on the dollar of the original prices. This is not a financial investment, but a investment in time with your family, that is the only way it makes any financial sense.

 

[disney11fan]

DVC never makes true financial sense, so far, resale contracts have increased in value from their original prices, but with the way the DVC management is adding new restrictions every year, this could change. The price of resale contracts could evaporate as soon as you sign the direct contract agreement, just like every other timeshare out there, that is worth pennies on the dollar of the original prices. This is not a financial investment, but a investment in time with your family, that is the only way it makes any financial sense.

By far the best comment. Better than my head banging the money aspect.

 

[disney11fan]

Our family is new to DVC, haven't bought in yet but about to. We had a tour yesterday. Went in thinking we'd buy at Bay Lake Tower because we stayed there last year and loved it. Didn't realize the cost was so high. We want to buy from Disney to have AP discount and chance to stay at new resorts. Don't want to buy Riviera though, heard it will be a bad resale value. Now considering buying 100 points from DIsney at Old Key West for the perks at lower cost then 150 points resale at Bay Lake. Because we are new, want to make sure this is a good idea and will work for booking rooms. Usually stay in one bedroom, could squeeze in studio if needed. Don't really mind any of the resorts.

Please slow down. Take a deep breath.