how important is the end date of a contract to you?

[Sparrow624]

Our situation:

1. We own enough points at VGF for 5 nights in a 1 bedroom every other year or 8 nights in a studio every year.

2. We want to get a contract that will allow us 7 nights every other year (non VGF years) in a 2 bedroom so that as the kids get older (3 and 1) rights now we can bring more family, friends, get them their own space, etc.

We have narrowed our choices to (in order) Beach Club, Boardwalk, and Animal Kingdom. We have visited, and like all three. Not a big fan of bus only to AKV but it may be because of the stroller now. That being said , here is when the contract end date comes in:

Our daughter will be 29 when BCV and BWV expire. She would be 44 when AKV expires. We would like, God willing, to be able to take grandchildren in the future as well.

What would you do? I am currently 35 and will be 83, again God willing, when our VGF points expire.

Before you say add on enough VGF points for a 2 bedroom every year....know that we would be looking at roughly $34,000 to do that vs. $16,000 or $13,000 (resale) for the every other year idea at BCV,BWV,or AKV.....yeah....

Thoughts?

 

[DisDadDVC]

The reality is, most people will not hold their contracts to expiration. I wouldn't worry much about 50 years down the road. I would worry more about 5-10. You could always sell and buy a different resort then if you wanted to.

 

[DVC Doctor]

I would suggest that you consider SSR as the price is the lowest and the expiration date is longer than BC and BW as all points are the same at 7 months.

 

[disneynutz]

Buy where you love to stay and don't worry about the term date. By then you will have bought an RV and use it to vacation or maybe moved to bora bora.

Disney resorts will also have been bought by marriott and Disney parks bought by six flags.

Bill

 

[chalee94]

...Disney parks bought by six flags.

Bill

i'm betting on a chinese company...

 

[ton80]

hmmmm... 50 years down the road ill be in the great big MK of the sky!

 

[coastalhh]

I hold it in high regard. My daughter is 2 years old. 12 to 14 years from now we might not want to go to Disney anymore..it happens to most people. I loved Disney growing up but didnt go from about age 14-28. After my wife and I have been many many many times by then and we will be looking at her college fund and saying..is it enough? It will be nice to have a contract with 30 years left to get good value out of it. One with 15 years left may not be worth nearly as much.

It wasn't my number 1 factor, but I for sure look at it when buying.

 

[supersnoop]

I think it's important from an asset-value perspective. A DVC contract is essentially an inflation-adjusted annuity. The length of the contract will determine it's present-value, and will have a larger affect as we get closer to expiration.

I don't think it's that big of a factor from an estate perspective. Willing your DVC contract is, in my opinion, like leaving someone your car or house. You're much more likely to sell the car or house before you die. And, even then, the receiver is likely to see it for the cash, anyway.

 

[Sparrow624]

I guess it comes down to whether or not we are willing to pay now, and then "if" we still want DVC and have grandkids, pay "again" in 2042 for more points...or do we want to lock up the points now, and sell them later if we no longer want them...

 

[DisneyGirlFlorida]

I really didn't consider expiration dates. I figure by the time I near my expiration date, I'll be pushing up daisies visiting Disney as a ghost in the haunted mansion.

While it's wise to think of your children in passing on DVC, something to consider is whether they will be able to continue with the contract from a financial standpoint, or even if they would want to. As others mentioned, I would look only 5-10 years out from today, and adjust as needed every few years.

 

[pmaurer74]

I have thought of this. If we bought at VGF or the Poly then I would be 90... not going to work. AKV I liked the end contract time. With WLV I will be 68 and my kids will be 36 and 33. I am hoping we get a chance to extend our WLV contract but not be "forced to". I assume if we really liked being DVC owners, I could see buying a small contract somewhere later on with longer end contract.

 

[Dean]

Our situation:

1. We own enough points at VGF for 5 nights in a 1 bedroom every other year or 8 nights in a studio every year.

2. We want to get a contract that will allow us 7 nights every other year (non VGF years) in a 2 bedroom so that as the kids get older (3 and 1) rights now we can bring more family, friends, get them their own space, etc.

We have narrowed our choices to (in order) Beach Club, Boardwalk, and Animal Kingdom. We have visited, and like all three. Not a big fan of bus only to AKV but it may be because of the stroller now. That being said , here is when the contract end date comes in:

Our daughter will be 29 when BCV and BWV expire. She would be 44 when AKV expires. We would like, God willing, to be able to take grandchildren in the future as well.

What would you do? I am currently 35 and will be 83, again God willing, when our VGF points expire.

Before you say add on enough VGF points for a 2 bedroom every year....know that we would be looking at roughly $34,000 to do that vs. $16,000 or $13,000 (resale) for the every other year idea at BCV,BWV,or AKV.....yeah....

Thoughts?

IMO RTU expiration is important for value but not ownership desirability in general. As you've posted BWV standard and AKV value will give you the cheapest options and an 11 month window. SSR used at AKV standard (value if you can get it) or OKW will give you the cheapest option overall for WDW.

 

[melissafox18]

I didn't care much about the desirability of the resorts. Between my family (which will likely grow in the future), my parents (my dad loves Disney World and becomes the biggest little kid ever), and my sister and her husband, someone will likely use our points every year. If it comes down to it and we already have banked points we won't use, I'd go to the rental market, but I truly don't think that will matter much. We ended up buying SSR knowing that I will almost never plan 11 months in advance and we're very flexible with dates and the annual dues were less per year at SSR vs. AKV. I play with availability from time to time to see what pops up at the 7 month mark on the dot for values at AKV or even the club level and there's still stuff available (sometimes not full weeks, but we love to split stay, so that's no issue).

For us length of contract and price were much more important than location and for how we plan, it worked just fine! I don't think I've planned a vacation more than 6 months out in about 6 trips. It's more of a "hey Disney fits nicely with our schedules, let's go" kind of thing and I'm not super picky where we stay. I think I'm in the vast minority on this one though!