HELP...Should we cancel?

[Crystal_27]

Thanks for all the help!! I spoke to DH and we are gonna fax them tmrw to cancel. I have already started some hefty research and will keep my on the resales to get an idea of what they are going for so I have an idea of what we will need to spend.

I hope you understand this means you will see me everyday on here asking you some annoying questions!!

After all you guys are the experts , to be honest I learned more about DVC & Disney from reading posts on these boards than I did from the actual sales people or workers.

Thanks again
Melissa

I think you absolutely made the right decision. Continue your research and hopefully we'll be welcoming you home in no time!

 

[mdsd8700]

to be honest I learned more about DVC & Disney from reading posts on these boards than I did from the actual sales people or workers.

Just read the thread and agree that cancelling was the best thing.

Your statement above is so true!! We "thought" about DVC for more than 10 years before we actually purchased last year. Although we kept going on Disney vacations all the time we couldn't actually get ourselves to purchase. There were several main reasons, but money was key. When we finally did decide to purchase it was based on information here. I had never taken a DVC tour or talked to a guide. We called and purchased over the phone. Now that you have found this helpful resource you can take your time, find the contract you need and be comfortable with your decision. Please let us know how everything works out and good luck . We love our DVC and are so glad we joined.

 

[TisBit]

Thanks for all the help!! I spoke to DH and we are gonna fax them tmrw to cancel. I have already started some hefty research and will keep my on the resales to get an idea of what they are going for so I have an idea of what we will need to spend.

I hope you understand this means you will see me everyday on here asking you some annoying questions!!

After all you guys are the experts , to be honest I learned more about DVC & Disney from reading posts on these boards than I did from the actual sales people or workers.

Thanks again
Melissa

You will always learn more from your own research. Even if you have a great guide, they cannot spend days going through everything or even know if you understood what they just told you.

Ask all the questions you want and remember everyone has their own opinion. Don't go with the "herd" mentality by educate yourself and make your own decisions. Some of the highest rated resorts/restaurants have been some of the ones that I was most indifferent about, they didn't fit our personality. Yet, some of the most bashed resorts I really enjoy and will be proud to stay at them, because they do work for us!

 

[juncker]

Good for you for doing your research!
I just want to stress the point that the only thing DVC promises you by contract is the ability to book at your Home Resort based on availability.
Yes, chances are it's unlikely for DVC to restrict internal exchanges (between DVC resorts) but in essence they can. Nobody can know 100% that DVC won't ever do such thing between now and the end of your contract.

Perks come and go, so make sure you like whichever resort you purchase.

I defintely agree with this statement. They can always take away everything except our home resort, but I still think that a worst case scenario is to take away everything except the DVC properties. This would be a horrible move on their part if they did. It doesn't really cost them anything to let us use each other's home resorts and it is a huge incentive to sell new contracts. Keeping us coming to Disney, keeps us bringing them our money. Even if they just break even on the DVC properties, it keeps people in their parks spending money.

 

[disneynutz]

I defintely agree with this statement. They can always take away everything except our home resort, but I still think that a worst case scenario is to take away everything except the DVC properties. This would be a horrible move on their part if they did. It doesn't really cost them anything to let us use each other's home resorts and it is a huge incentive to sell new contracts. Keeping us coming to Disney, keeps us bringing them our money. Even if they just break even on the DVC properties, it keeps people in their parks spending money.

I think that we will see a non home resort booking modification. There are a lot of members who bought resorts like SSR because the resale price is so low and many will admit that it's not their favorite resort. Having a resort not booked to its full capacity is a issue that I am sure Disney will address at some point. When the DVC first started they use to require that members stay at their home resort every other vacation. I can see that rule coming back.

Bill

 

[kespo]

I think that we will see a non home resort booking modification. There are a lot of members who bought resorts like SSR because the resale price is so low and many will admit that it's not their favorite resort. Having a resort not booked to its full capacity is a issue that I am sure Disney will address at some point. When the DVC first started they use to require that members stay at their home resort every other vacation. I can see that rule coming back.

Bill

I would hate if that rule came back. We purchased at SSR with our first contract. We only chose that resort because it had more years than BCV at the same cost. Now that we have been going each year to Disney, I wish we bought at BCV. Or, if we had known that AKV was coming we would have waited. We stayed at SSR once and I really was not fond of it at all. We purchased more points once AKV openend and we stay there every year now. I have no desire to stay at SSR.
I wonder how the rule of staying at your home resort every other vacation would work when you own at several resorts???? I would not want to move rooms while on vacation. Plus, some owners own at more than 2 resorts.

 

[mjc2003]

I think that we will see a non home resort booking modification. There are a lot of members who bought resorts like SSR because the resale price is so low and many will admit that it's not their favorite resort. Having a resort not booked to its full capacity is a issue that I am sure Disney will address at some point. When the DVC first started they use to require that members stay at their home resort every other vacation. I can see that rule coming back.

Bill

With all due respect to those who bought based on price instead of where they want to stay, I really hope this happens. As a new BCV owner, I am already sick of hearing "No, there's nothing available at BCV...but PLENTY at SSR, AKV, OKW....".

 

[kespo]

With all due respect to those who bought based on price instead of where they want to stay, I really hope this happens. As a new BCV owner, I am already sick of hearing "No, there's nothing available at BCV...but PLENTY at SSR, AKV, OKW....".

BCV is one of the only resorts that Disney is using ROFF. Maybe, the inventory of rooms released for DVC purposes is less, due to the demand for cash ressie's. BCV is in a very popular location.
IMO.... I don't think changing the rules would give you any more availabilty at BCV.

 

[dbs1228]

With all due respect to those who bought based on price instead of where they want to stay, I really hope this happens. As a new BCV owner, I am already sick of hearing "No, there's nothing available at BCV...but PLENTY at SSR, AKV, OKW....".

If you use your 11 month booking window you will not in most cases ever hear that. I own at BLT and tried twice to get a ressie there and there were no rooms, but both times it was after the 7 month window. I still would NOT want that to happen because when I really want a particular reservation at BLT I make sure I call as close to the 11 months as possible, and have never had a problem. I also want to try all the resorts, that is the reason I bought into DVC for the variety, including SSR, OKW and AKV!

 

[csharpwv]

I have to say that I'm not sure you should cancel.

Saratoga Springs at $99 a point with 100 points- with FULL VALUE points (not bought on the secondary market) is a good deal, and a great start for your family. You travel to WDW every year - or every other year, just think about what you are going to spend over the next 8 years, going every other year.

You are essentially spending the same thing, just all at once, and financing.

You are talking about $9,900 - half of which you will finance - so $4,950 out of pocket, and the same financed.

That's $618.75 a year over the next 8 years - that's $51.56 a month - $1.69 a day.

I just used 8 years as a random number - no real reason.

Just remember that ownership will be until 2054 - so that's a LONG time.

If you are going to be spending $1,000+ every other year or so, you will get the value out of your ownership.

Owning DVC has totally changed the way we vacation - it's not IF we come back to Disney - it's WHEN. We will go every year from now until - ? Who knows when. Even if there are years that we trade out, or just go to Florida to soak up the sun, and don't even go to a park - we don't have to worry about where we will stay. We love the rooms, we love the ease of use, and most of all - we LOVE that we won't have to worry about inflation and price increases.

As you can see in my signature - we own at 4 resorts, and are ALWAYS planning out next vacation! Either to relax - or tour the parks - or take a cruise!

 

[TisBit]

I think that we will see a non home resort booking modification. There are a lot of members who bought resorts like SSR because the resale price is so low and many will admit that it's not their favorite resort. Having a resort not booked to its full capacity is a issue that I am sure Disney will address at some point. When the DVC first started they use to require that members stay at their home resort every other vacation. I can see that rule coming back.

Bill

The fallacy of the statement is that changing home resort requirements will not increase the capacity of any resort, but rather will just divide the same number of empty rooms among multiple resorts.

For the ones that feel that someone booking their non home resort is unfair, you have a four month window to book before they do. Honestly, I don't have a problem where I stay, but DVC could shoot themselves in the foot if they changed their bookings. Members that buy at the "current" resort, might not purchase because they can't book other resorts, etc.

Also, members that purchased at a higher point costs resort could really get hosed, imagine if you own at BLT and are forced to stay there vs OKW....or another resort that has lower point costs.

 

[EWL]

I have to say that I'm not sure you should cancel.

Saratoga Springs at $99 a point with 100 points- with FULL VALUE points (not bought on the secondary market) is a good deal, and a great start for your family. You travel to WDW every year - or every other year, just think about what you are going to spend over the next 8 years, going every other year.

You are essentially spending the same thing, just all at once, and financing.

You are talking about $9,900 - half of which you will finance - so $4,950 out of pocket, and the same financed.

That's $618.75 a year over the next 8 years - that's $51.56 a month - $1.69 a day.

I just used 8 years as a random number - no real reason.

Just remember that ownership will be until 2054 - so that's a LONG time.

If you are going to be spending $1,000+ every other year or so, you will get the value out of your ownership.

Really only the OP can determine if it's a good deal for their family based on their vacation habits and after doing a lot more research and crunching the numbers. Whether it makes sense to pay nearly double for "full value" points bought direct is debateable especially if their intent is to stay at DVC resorts.

And the numbers are not that simple, unfortunately-- one must not forget that to that $618.75 a year must added (1) interest from financing (generally not a good idea anyway IMHO), (2) maintenance fees!! which will also last a long time, (3) and all the other vacation-related costs that they will STILL be paying on top of DVC because they are not part of the deal, i.e., park tickets, dining, airfare/transportation, etc.

We are new DVC members and expect that we will love it too, but it is a big financial investment and best entered into with eyes wide open! No reason for the OP to rush, especially since their guide obviously pressured them-- why else would he tell them upfront that they should expect to experience buyers' remorse! That's a red flag for sure.

 

[Dman67]

Can someone please explain to me what "Full Value" points are? My resale points work just as good as points purchased direct from Disney. I have purchased all of our points on the resale market and am proud to know that I was able to save my family several thousand dollars by doing so. Not sure where this "Full Value" point thing is coming from.

Edit: Ok...now I think understand. Have been out of the loop a while. If I understand this correctly, recent changes are limiting resales to no booking DCL, Adventures by Disney or non-DVC Disney resorts like Poly. Is that correct?

 

[EWL]

Edit: Ok...now I think understand. Have been out of the loop a while. If I understand this correctly, recent changes are limiting resales to no booking DCL, Adventures by Disney or non-DVC Disney resorts like Poly. Is that correct?

Right:

New Policy Announced for Re-sale Purchases

Disney Vacation Club® has announced a new policy that limits access to certain Member Getaways exchanges for Ownership Interests purchased on the secondary market (also known as the re-sale market).

Under the new policy, Members who purchase from anyone other than Disney Vacation Development, Inc., on or after March 21, 2011, will not be eligible to use those Vacation Points to make reservations within the Concierge Collection, the Disney Collection or the Adventurer Collection. Those Vacation Points will instead be valid only for reservations at Disney Vacation Club resorts, as well as for RCI® exchanges, Club Cordial and Club Intrawest.

The affected collections are special Member benefits programs offered by Disney Vacation Development, Inc., and are not part of Members' Ownership Interests. That said, Members who purchased on the secondary market prior to March 21, 2011, may use those Vacation Points for all Member Getaways.