Help Me understand

[Ct_TiggerFan]

I'm know a lot of people are DVC owners.
I dont mean any disrespect, but I'm trying to understand the process.

I may be wrong in my understanding, so please bear with me.

I buy x amount of points at the DVC for a home resort.
This is good for the next 50 years, as long as maintance charges are paid.

In a normal timeshare I own a share, untill I sell.
What happens after the 50 years? While I most likely might not be around, my kids might be to take advantge those years.

How is this an advantage other than cost of staying at WDW all those years.

 

[CapeCodFam]

If you intend to go to WDW for the foreseeable future, DVC is much less expensive than paying cash for each trip in a comparable room. My wife and I will break even on our investment within the first 3-4 years. After that, our accomodations cost will be about 70% off rack rates.

I think of it more as pre-paying for vacations rather than owning anything.

 

[Alexander]

You have 49 years of use if you buy at SSR. The others (if purchased through a resale, well, or Disney if it's at least 150 pts.) have 12 less years left in their contracts.

I'm not sure anyone knows for sure what happens at the end of the contracts. Anybody?

The advantage is having a better than deluxe quality resort to stay in that is already paid for. The rates at all other resorts will continue to go up and your accomodations at a DVC resort will not. I guess the primary advantage here is cost (at least for us) and the availability of getting the type of room you want 11 or 7 months before others can.

If you love to vacation to WDW as we do, then that in itself is an advantage. I'm not sure what other advantages you are looking for. There are some discounts on dining, recreation, tours, etc. Is this the type of information you're looking for?

 

[dianeschlicht]

It is really no different than any other lease based timeshare. You are buying your prepaid vacation home for a specific number of years. This differs from a deed based timeshare where you own a specific share of a specific unit. There is much more flexibility in DVC than in many other lease based systems.

 

[DrTomorrow]

Ct_TiggerFan,

You are right that DVC differs by having an "ending date". We've been told nothing official about what happens at the end of the contracts, other than it's over. Ideas put forth here on the DIS have ranged from the belief that we'll be offered contract extensions to the concept that they'll tear 'em down and rebuild something entirely new - then sell it.

One thing to think about when dealing with "eternal" timeshares is what kind of shape will the facilities be in - and what kind of fees will have to be charged to keep it up. An 80-year-old building can cost a lot more to maintain than a 40-year-old one....

 

[tjkraz]

If you can find a timeshare on Disney property that DOESN'T end in 50 years, go for it.

Such an animal doesn't exist. DVC will still save a boatload of money over time. Best advice I can give is to get over the ending date and look at the other benefits DVC affords. It's a whole lot cheaper than paying cash for the next 50 years.

 

[Deep-Thots]

The advantage is having a better than deluxe quality resort to stay in that is already paid for. The rates at all other resorts will continue to go up and your accomodations at a DVC resort will not.

And go up those hotel rates will! Just this past week, Business Week (or it may have been Fortune) pointed out that travel now has increased and achieved levels beyond those that existed prior to 9/11. They noted that we can expect to see some dramatic increases in hotel rates!!

 

[athenna]

And go up those hotel rates will! Just this past week, Business Week (or it may have been Fortune) pointed out that travel now has increased and achieved levels beyond those that existed prior to 9/11. They noted that we can expect to see some dramatic increases in hotel rates!!

See how lucky we are then? We won't have to worry about that!

 

[Granny]

How is this an advantage other than cost of staying at WDW all those years.

That pretty much sums up the advantage in a nutshell!

That plus the fact that unless you are staying in concierge or suites in the regular resorts, you will enjoy much larger and better accommodations.

 

[3DisneyNUTS]

plus although it is not guaranteed the original buyers of OKW are seeing a huge return on their investments as resales are selling for more than the paid originally for their contracts. That doesn't hurt lol..

 

[Ct_TiggerFan]

Thanks all,
Its puts it in a whole differant light.
Just wish they would not push it as Owning a piece of Disney.

If I own something, I dont lose it outright after a period of time.
But I do understand I could see my interest for a price.


I hope I have not offended anyone, I truely wanted to understand and get a differant view on the timeshare end.

Thanks all.