Help - ready to buy, but feel like it's "too good to be true"

[supersnoop]

your access to Disney Differences

What's a Disney Differences? Did spellcheck change Destinations?

 

[supersnoop]

We did a search that with a company my father uses to track title/deed transactions, it might be a little skewed but not too much

Share your data. Folks here also tract deed recordings and ROFR has never been that high.

 

[Disney Dad ADL]

It is possible that you may be able to get around these restrictions by buying a small add on contract directly from Disney, but it's not clear yet.

 

[Disney Dad ADL]

What's a Disney Differences? Did spellcheck change Destinations?

I think it is just referring to this page:

https://disneyvacationclub.disney.go.com/membership/difference/

There's really nothing different on there, but I suspect they are trying to be as inclusive as possible to allow for future changes if needed.

 

[UpcommingBerry]

I just wanted to say thanks to everyone for replying. I have not had a long enough break from work to read through everything, but I am so thankful for all the guidance. If there are any more words of wisdom, keep it coming!!!

 

[avidadventurer]

I just wanted to say thanks to everyone for replying. I have not had a long enough break from work to read through everything, but I am so thankful for all the guidance. If there are any more words of wisdom, keep it coming!!!

BUY Direct!!! Would you buy a new tire from a used tire dealer and expect a warranty on that tire? This is your family's future vacations you are talking about, why buy resale and save $200 dollars a year at most??? Makes no sense.

 

[kniquy]

animal kingdom is about 100-110

Where are you getting these prices -- might be for a smaller 25-50 point contract. We paid $80pp for our 120 point contract which closed in december. Maybe you are using higher numbers to make yours look better or to justify your purchase.

And for OP - do cancel - research, save some money and get into the system. It is well worth the wait for resale -- Wait a few years and if you totally want to do poly there will be plenty of those contracts on the market in years to come - again at a better savings. AKV is rarely taken back by disney, so unless it is a crazy low price - no need to worry about ROFR. There are sig changes to resale restrictions, but if you really need the discounts and AP then you could add on a smaller contract direct with the money saved buying resale.

 

[ScubaCat]

BUY Direct!!! Would you buy a new tire from a used tire dealer and expect a warranty on that tire? This is your family's future vacations you are talking about, why buy resale and save $200 dollars a year at most??? Makes no sense.

The $19,600 I saved buying resale comes out to a bit more than $200 a year.

 

[bumbershoot]

Ah well I've been wrong before.

Once you bring up resale to an agent their going to say things to discourage.

Absolutely.

Even our guide, who was terrific (too terrific and gentle and easy, as he was let go), said negative and WRONG things about resale.

my father has 10 years in biz law and told me that for the most part if DVC wanted to change the usage of membership for resale buyers, well they can.

And there are tons of lawyers and timeshare experts here who say that they have to follow the laws and rules, and while there are some things that COULD go retroactively, that would actually harm owners, and they almost certainly wouldn't do it. But hey, your dad's lawyer, so....

This didn't come from a guide, it came from someone that works in legal for DVD, so dont what what to tell ya, it is in three phases over next two years

Ooh I hope that person is fired quickly for talking out of class.

$168 pp/49.8 years left is about $3.50 pp per year and annual dues this year at $6.09= 9.59 per point this year, animal kingdom is about 100-110 to get past rofr and annual dues are about $6.42 total of about 8.85 -$9.10 pp per year this year,which means you save @.50 pp!

WHY are you including dues in this?????

Of course, they really just started even having member events and they are rarely announced far enough in advance for those who don't live by to take advantage of unless they are already going. So taking away something that more or less just started is, well, ridiculous. The

Good point, Kat. The events are being announced in far too short a time to get anyone who isn't already going to be there, is retired with tons of money or airmiles, or lives right near FL to get there. And I certainly haven't cared much about what they've announced. Oh no, I might not be able to go to something that doesn't sound interesting and I can't get to even if I wanted to...

It's definitely worth thinking about; if any individual would actually CARE about such things...

I wanted to purchase Grand Floridian and Bay Lake Towers and nothing was available last week, I received a call from DVC and was told they just received a few hundred points in both resorts, just call a guide is your best bet. My guide is very good, a few members on here have him as well and love him.

And yet there are many MANY people who are flat out told NO, that things are NOT for sale at all.

Now, effective April 4, 2016, Members who do not purchase their ownership interest directly from Disney Vacation Club will not have access to other Membership Extras, such as exclusive Member experiences and discounts. Please know that as a current Disney Vacation Club Member (regardless of when or where you bought your membership), your access to Disney Differences and these additional Membership Extras will not be affected by this policy change.

Wow, give people a little time, eh? Holy moly.

We see this policy change as a very positive step to ensure that, going forward, our Members who purchase directly from Disney Vacation Club receive a premium advantage

Ha ha ha. We are direct-purchase owners and I don't feel that it's a positive step at all. I don't need a "premium advantage". I bought a TIMESHARE.

In fact, just weeks ago, nearly 16,000 of you were able to enjoy the Disney Vacation Club 25 and Beyond Bash at Magic Kingdom Park.

And they could have had more if they'd announced it in any sort of decent time to make travel plans.

It may feel less like you're part of the "club" though, if some of these perks are restricted.

Of course, if we're buying a timeshare in order to belong to a club, well, maybe...we shouldn't be buying a timeshare.

BUY Direct!!! Would you buy a new tire from a used tire dealer and expect a warranty on that tire? This is your family's future vacations you are talking about, why buy resale and save $200 dollars a year at most??? Makes no sense.

If you're ONLY buying for the future vacations at DVC resorts, then direct or resale doesn't make a bit of difference.

I'm glad that you care so much about these things, but really, resale isn't hurting direct owners at all. Many direct owners don't care at all. Some of us WANT a thriving resale market. (One of us (me) wants a thriving resale market so the moment Universal throws its hat into the timeshare ring I can sell DVC and move over there.)

 

[suebeelin]

I'm pretty sure the general consensus amongst veteran dvc owners is that RESALES are the best bang for your buck, and you lose very little bc the restrictions are really not that restrictive.

Even if you "lose" the ability to convert your points to adventures, cruises or concierge, or you no longer have discounts on AP or restaurants, the 10k+ in savings is far more valuable.

Us? We saved 25k over buying direct with our 400pts vis resale. It'll take a lot to make me pay $25k more. I dunno about you but being a direct purchase member ain't worth 25k for us...

 

[avidadventurer]

You only save if you are comparing a sold out vs a sold out, you don't save enough when you buy a property with more time left on deed, and even if you did save some it is not a tremendous amount for myself and someone that wants to have a full experience now and in future.

 

[_auroraborealis_]

the 10k+ in savings is far more valuable.

The $10k is also bird-in-hand. All other discounts and non-property-interest "benefits" are subject to change, and have changed over time even for direct purchasers. While those benefits have generally improved since the opening of Old Key West, it's not universal, and there is no guarantee of it not going the other direction as profit interests dictate.

 

[kniquy]

BUY Direct!!! Would you buy a new tire from a used tire dealer and expect a warranty on that tire? This is your family's future vacations you are talking about, why buy resale and save $200 dollars a year at most??? Makes no sense.

This sounds so funny and made me think of titanic when the women are on the life boats and one women states -- those are your men on that boat - we need to go back!!!

Is the room that we use through DVC any different than the one that you use? Not at all - we can stay at any resort in the very same room that you stay in, but we paid half of what you did. I hardly think that you can compare resale vs direct in this manner. Resale saved my family money and we will have a much quicker break even point in our resale. We are looking at the room as what we purchased -- anything beyond that is a bonus.

 

[avidadventurer]

Ah well I've been wrong before.



Absolutely.

Even our guide, who was terrific (too terrific and gentle and easy, as he was let go), said negative and WRONG things about resale.



And there are tons of lawyers and timeshare experts here who say that they have to follow the laws and rules, and while there are some things that COULD go retroactively, that would actually harm owners, and they almost certainly wouldn't do it. But hey, your dad's lawyer, so....



Ooh I hope that person is fired quickly for talking out of class.



WHY are you including dues in this?????

So dues are not a cost?

Good point, Kat. The events are being announced in far too short a time to get anyone who isn't already going to be there, is retired with tons of money or airmiles, or lives right near FL to get there. And I certainly haven't cared much about what they've announced. Oh no, I might not be able to go to something that doesn't sound interesting and I can't get to even if I wanted to...

It's definitely worth thinking about; if any individual would actually CARE about such things...



And yet there are many MANY people who are flat out told NO, that things are NOT for sale at all.



Wow, give people a little time, eh? Holy moly.



Ha ha ha. We are direct-purchase owners and I don't feel that it's a positive step at all. I don't need a "premium advantage". I bought a TIMESHARE.



And they could have had more if they'd announced it in any sort of decent time to make travel plans.



Of course, if we're buying a timeshare in order to belong to a club, well, maybe...we shouldn't be buying a timeshare.



If you're ONLY buying for the future vacations at DVC resorts, then direct or resale doesn't make a bit of difference.

I'm glad that you care so much about these things, but really, resale isn't hurting direct owners at all. Many direct owners don't care at all. Some of us WANT a thriving resale market. (One of us (me) wants a thriving resale market so the moment Universal throws its hat into the timeshare ring I can sell DVC and move over there.)

This sounds so funny and made me think of titanic when the women are on the life boats and one women states -- those are your men on that boat - we need to go back!!!

Is the room that we use through DVC any different than the one that you use? Not at all - we can stay at any resort in the very same room that you stay in, but we paid half of what you did. I hardly think that you can compare resale vs direct in this manner. Resale saved my family money and we will have a much quicker break even point in our resale. We are looking at the room as what we purchased -- anything beyond that is a bonus.

same room, how much did you pay per point and what resort did you buy and when, also how many points?

 

[suebeelin]

You only save if you are comparing a sold out vs a sold out, you don't save enough when you buy a property with more time left on deed, and even if you did save some it is not a tremendous amount for myself and someone that wants to have a full experience now and in future.

We stay primarily at bwv and BLT. That's all we really want and expect. We want monorail or walking distance to parks. Bwv was bought during the recession (psyche) and BLT was also half the current direct price. We saved over $25,000.

Full experience? My kids are 2 and 6. We will hold on for another 10yrs.... maybe. We don't need NOR WANT 50yrs at Disney. Not with the current ticket prices... No thank you.

I'm almost 45. I'll be lucky to last another 35 years. I'm not gonna care about Disney in 15 years when I'm 60 and my kids are in college. I will, however, like the 25k we saved over direct prices. That 25k is not a small sum.

Why are you such a proponent of direct purchases? Do you have a vested interest?

I'm a lawyer, admitted in NJ and NY.... my father is not a lawyer (he's a doctor so his biz sense sucks).

I know very well I bought a timeshare and only the rooms are guaranteed. In buying my timeshare, I saved mucho money buying resale so that I get my guaranteed deluxe level rooms... I don't expect anything more or less than that.

 

[avidadventurer]

I'm pretty sure the general consensus amongst veteran dvc owners is that RESALES are the best bang for your buck, and you lose very little bc the restrictions are really not that restrictive.

Even if you "lose" the ability to convert your points to adventures, cruises or concierge, or you no longer have discounts on AP or restaurants, the 10k+ in savings is far more valuable.

Us? We saved 25k over buying direct with our 400pts vis resale. It'll take a lot to make me pay $25k more. I dunno about you but being a direct purchase member ain't worth 25k for us...

Which resort did you purchase? And how much per point?

 

[Coamfo]

Where are you getting these prices -- might be for a smaller 25-50 point contract. We paid $80pp for our 120 point contract which closed in december. Maybe you are using higher numbers to make yours look better or to justify your purchase.

And for OP - do cancel - research, save some money and get into the system. It is well worth the wait for resale -- Wait a few years and if you totally want to do poly there will be plenty of those contracts on the market in years to come - again at a better savings. AKV is rarely taken back by disney, so unless it is a crazy low price - no need to worry about ROFR. There are sig changes to resale restrictions, but if you really need the discounts and AP then you could add on a smaller contract direct with the money saved buying resale.

I'm not sure where their numbers came from, we paid $83/pp for our 250 pt AKL contract in Jan. It had 88/2014 pts, 250/2015 pts, and 250/2016 pts. We rented the 88 and 250 from 2015 for $11.50/pp which essentially brought our $83 down to $67.45 pp!

 

[mynameisnobody]

You only save if you are comparing a sold out vs a sold out, you don't save enough when you buy a property with more time left on deed, and even if you did save some it is not a tremendous amount for myself and someone that wants to have a full experience now and in future.

M

...
Why are you such a proponent of direct purchases? Do you have a vested interest?

...

It really does seem to me that avidadventurer DOES have a vested interest. She joined yesterday and all 40 of her posts have been on this topic schilling for direct purchase of DVC.

 

[suebeelin]

ps... I'm even more glad I bought resale bc the restrictions are going to further erode resale prices.

Not a big deal if you bought resale. My loss won't kill me.

A much bigger deal if you bought direct. Like a new car, the value dips much more substantially as soon as you buy it.

So one can argue restrictions are even more reason to buy resale! Your loss is minimized when you resell in the future.

 

[Coamfo]

BUY Direct!!! Would you buy a new tire from a used tire dealer and expect a warranty on that tire? This is your family's future vacations you are talking about, why buy resale and save $200 dollars a year at most??? Makes no sense.

I saved $19,250 buying resale plus the $3,887 I made renting the banked points. Over the next 41 years, that comes to just under $565 per year. That's 1/3 of my dues!