Help me decide-Take the $5 or $10 Credit

[Disneyfun1]

I am seriously thinking of joining. Here is my new delima. If i join SSR, I get $5 off per point. If i sell back this years points, i get the $10 off per point. I am going in sept, so i was thinking if i join, i can use my points instead of using my reservations i have-except for the points i bought from a member. My rep said if i sell back my points, i can borrow from next year for the trip in sept. Should i buy into dvc, keep my points, or buy into dvc, and sell my points back and borrow from next year. My goal has always been to go every sept, which i had done until last year. My wife left me and we are divorcing due to a 2 year affair she had i didnt know about. I already paid in full this years trip, so we are going for sure, and i hope we go every year, but may have to go every other, we will see how finances work out with only 1 income now. What should i do, or should i just not buy into dvc???

 

[msdis]

Yikes, sounds like you have a lot on your plate. I would do what you are already planning to do this year then and wait till your life settles down and see if that is still what you want to do.You already have a full year of Disney planned and a lot you are commited to. I would wait till the divorce is final because you never know how that whole thing will pan out and how the dust will settle. Disney, DVC, new sales, and resales will still be there in 6 mos -1 year. Good luck!

 

[Beca]

Wow!! I know this may sound really selfish...but, I live in AZ, too. This is a community property state. If you buy now, half of your purchase (or, half of its worth) will be hers. I guess I am just thinking that if you sign the papers now, it may not be yours to keep.


Good luck,
Beca

 

[Disneyfun1]

our divorce papers have been signed and filed. She already agreed i get the house and both cars and all the furniture, basically everything. She signed quit claim deeds and release of interest on it all. So im not worried about that. Its just waiting for the time limit to be final.

 

[rocketriter]

I have read notes on this board from people who started their contract with a borrow and have never caught up since.

 

[jade1]

If you can get $5 off and keep this years points, I would recommend that. Then you can either use this years points in Septemeber or rent them for $10 (net is $15) and use the money for your planned sept trip.

 

[Desperado]

Sorry to hear about your marriage situation. I'd rent for now and let things settle down. It doesn't sound like now is the right time to purchase. You can rent and still enjoy the DVC benefits without a long term commitment your not quite sure about right now. Just my $0.02.

 

[dianeschlicht]

One of the issues I see that no one has addressed is the price increase. I would do a purchase with the $10 per point buy back now before the price increase, and borrow points for this fall's trip.

 

[ClarabelleCow]

for starters, if I understand right, you have already rented points for a trip from a member, will they let you out of the deal? I wouldn't want to cancel and stick the member with the points.

If you can't get out of the deal, take the $5.00 discount and bank the points.

My understanding (which may be wrong), is if you take the 10.00 discount and give the points back, you still pay maintenance on those? I would check that out.

If you don't have to pay the maintenancce on the points, and you are sure those extra points wouldn't be nice next year, then take the larger discount.

Hope that makes sense?

 

[tjkraz]

Financially, if you want the best of all worlds...

Buy now before the prices increase in April.

Take the $5 off per point.

Look to rent your first year's points at $10-12 each.

That could get your purchase price down in the $74 neighborhood. If you wait just another month, you'll be up to $95 per point and DVC has implied that even Magical Beginnings may disappear.

Obviously it's worth a conversation with your attourney regarding the DVC purchase impact on your divorce. But if you can afford it now, the savings may be significant.

 

[MrShiny]

Well, if you plan manly on going ever year, and you are buying enough points for your annual trip, and the points you think you'll need will remain about the same, then the $10 makes more sense. It's better to get the extra $5 now then the ability to borrow points you may never use. You can borrow for next year - now keep in mind, if you keep borrowing each year, you loose a litlle flexibility, but you can gain that back by simply skipping a year. Still, I say take the bigger bird in the hand...

 

[Dean]

Remember you're still paying partial or ALL dues on the points you trade back so your value is less than $10 pp. Wheher it's part or all the dues depends on your use year and when you buy. You may also be able to buy less points and if you keep the points from the current use year, especially as far away as you are. So unless you have no way to use or bank the points, I'd go with the $5 pp. Don't forget about resale either.

 

[Disney-Kim]

Hi fellow Phoenician, sorry to hear about your personal situation.
We just took the DVC plunge last summer. We go every Sept too but this year we are changing it up a bit to go in May.

Since you have already paid for this years trip...do the $5 per point thing. Don't give next years points too. I wouldn't want to start off having to borrow. But...if the financial difference means getting DVC or not...go for it.

After so many years of going I was really excited to finally join DVC. I only wish we had bought a bigger contract.

 

[chris1gill]

Yes it is true, if you sell back your points for $10.00 you STILL have to pay the maintenance fees on those points.... so, if you sell back the first years points, you're really only getting six dollars & change... Obviously it makes sense to take advantage of the 5.00 per point & then rent your points out for 10.00, or, if you can use your points for your September trip... makes a lot of sense this way & it does seem Disney is raising the price per point another six dollars next month or the month after...

Buy now, take the 5.00 per point & rent out or use the current year's allotment!

 

[wildcatwmn]

If yousign right now, you start paying dues in July, whether you do the $10 sell back or the $5 discount. Points going up in price in April made our decision, but having gone through a divorce, I would check with your lawyer first to make VERY sure that there would be no ability for her to claim title in the future to your DVC shares.

If you can do the $5 discount and use the points this year, cancellign your cash ressie, than it would be worth it. I wouldn't start out borrowing. We knew we wouldn't need our points till next March as I am already planning August in Cape Cod, so it made sense to take the $10 incentive.