How much does Resort Exp Date REALLY matter???

[scottashackleton]

My wife and I are looking to add onto our SSR contract with 150-200 at BWV. We are both in our mid-20s and are wondering if the 2042 expiration date should be heavily considered by us -- putting us in our early to mid 50s then. What is the general consensus on how Disney will handle expirations. Will they offer extensions? Would that alone be enough to deter you from buying into a resort? We had Poly on our mind but the shear price of that contract is starting to drive us to consider alternatives.

 

[Minniesgal]

As far as what Disney will do in 2042 that's in the realm of crystal ball but the extensions to the OKW contracts didn't go well so I doubt it. If only half the members go for the extensions they are left with a mess. Also I think it will depend on the condition of the building. At your age is go for something with. Longer date. What about AKV or BLT

 

[supersnoop]

SSR has a 2054 expiration.

 

[disneynutz]

IMO most owners won't keep their contract full term so it doesn't really matter. How many years will you go to the same place and do the same vacation?

Life changes and so does vacations. Now it's Disney, in 10 years it might be RV's or Mexico or cruising on different ships to different places.

Bill

 

[Anthony1971]

It is a personal choice...
It does not seem you have kids yet... if you do when they get to the teens most do not want to go with Mommy and Daddy... will you still want to go a lot by yourselves..
On the side adding 150-200 points is a lot and will be harder to use with kids as well.. I bought more points when my son was I think 1 as I could go any time I wanted. Now he is 8 and I can only go in the summer or when he is off. Saying you can pull your child out of school and doing it are different and I can tell you 2 grade and what it was years ago... my son just had finals finals in 2nd grade
Back to the point I am considering selling one of small contracts in the near future as it is hard to use a lot of points unless you are taking people... which we do but after 10 years of doing this we are starting to put an end to it as we want vacations alone and less stress....

 

[Goofy DVC]

We are on the other end of most, I guess. We are 50 now , and find that since our kids are older we go more often than before. We have the time and less strings to restrict our visits. As a result, we have purchased more points, specifically at resorts with 2042 expirations. We will be 80 then so we would rather buy more points now at a less expensive resort like OKW so we can enjoy it while we are young and healthy. That being said we have also purchased some BCV points and they're not cheap, even resale is expensive. We bought just enough for F&W each year.

 

[Nabas]

Even the first round of contract expirations is 28 years away.

Really, how much are you worried about where you are going to vacation 28 years from now?

No matter where you buy, that's still another 27 years of WDW fun!

I wouldn't let where I plan to vacation for the next 27 years be influenced by where I might vacation in 28 years.

As suggested so many times before, buy where you most want to stay and don't worry about extensions.

If where you want to stay has a longer contract, all the better.

 

[GOOFY D]

Even the first round of contract expirations is 28 years away.

Really, how much are you worried about where you are going to vacation 28 years from now?

No matter where you buy, that's still another 27 years of WDW fun!

I wouldn't let where I plan to vacation for the next 27 years be influenced by where I might vacation in 28 years.

As suggested so many times before, buy where you most want to stay and don't worry about extensions.

If where you want to stay has a longer contract, all the better.

Many plan to either pass it on to family members (i.e. kids). So, that does come into play. Also, some look at the expiration date as possibly limiting their potential resale value as it gets closer.

 

[monorailmom]

We bought DVC when our kids were 14 (twins), 10, and 7. They are now almost 20 (twins), 16, and 13.

We started with one SSR contract of 160pts, thinking that would cover us to go every other year. Yeah right. We have now added on FOUR times!!! We go twice a year...once on our 'family' trip in August for 9 nights where we need a 2br, then again in the Fall with our younger two for Food and Wine where we only need a 1br. Since our college aged daughters can't go to Food and Wine, we let them go by themselves once they're out of school in the Spring. We 'need' far more points than we ever thought we would! Our kids have definitely NOT outgrown Disney World. Our college girls just came back from their trip last week where they brought a couple of friends, and are already working on their plans to go again next year.

One of those college girls has had the same boyfriend for 3+ years, and they have started to discuss their plans for 'after college'. Yup, that would mean we'd need enough points to bring them along in their own studio someday!

That is part of our DVC dream: we hope that each August our whole family gets to enjoy Disney together, and that my husband and I get to enjoy some other trips just on our own.

The end year matters more than you may think, even at your young age. Good luck!

 

[Dean]

My wife and I are looking to add onto our SSR contract with 150-200 at BWV. We are both in our mid-20s and are wondering if the 2042 expiration date should be heavily considered by us -- putting us in our early to mid 50s then. What is the general consensus on how Disney will handle expirations. Will they offer extensions? Would that alone be enough to deter you from buying into a resort? We had Poly on our mind but the shear price of that contract is starting to drive us to consider alternatives.

It affects underlying value and price but for BWV, one should be able to get something cheaply enough to compensate for much of the difference. Esp when you consider the standard view options. If I specifically wanted BWV, I'd buy there resale.

 

[CMOORE185]

My wife and I are looking to add onto our SSR contract with 150-200 at BWV. We are both in our mid-20s and are wondering if the 2042 expiration date should be heavily considered by us -- putting us in our early to mid 50s then. What is the general consensus on how Disney will handle expirations. Will they offer extensions? Would that alone be enough to deter you from buying into a resort? We had Poly on our mind but the shear price of that contract is starting to drive us to consider alternatives.

If you truly love Disney and think you are in it for the long haul, and at your age, buy the resorts with a longer life to be safe. And older person may like the 2042 end date, while a younger person doesn't.

 

[JimMIA]

IMO most owners won't keep their contract full term so it doesn't really matter. How many years will you go to the same place and do the same vacation?

Life changes and so does vacations. Now it's Disney, in 10 years it might be RV's or Mexico or cruising on different ships to different places.

Bill

I agree with Bill, and I think most prospective buyers would be much better off thinking of keeping DVC for 10 years than holding the contract until expiration. I think that's a much more realistic model.

 

[bakerworld]

When I was in my 20's I wanted to go to Europe - not FL. So, IMO, worrying about something that will disappear in 28/27 years is Just make sure you can afford it because it will be a large initial purchase followed by a significant bill every year - for us car insurance, DVC and property taxes all are due within 6 weeks plus we're on our Spring Vacation followed by the IRS which we always seem to owe now because we've not in significant DEBT (probably the only time of year when I'd like to be in debt ).

 

[DeeCee735]

My wife and I are looking to add onto our SSR contract with 150-200 at BWV. We are both in our mid-20s and are wondering if the 2042 expiration date should be heavily considered by us -- putting us in our early to mid 50s then. What is the general consensus on how Disney will handle expirations. Will they offer extensions? Would that alone be enough to deter you from buying into a resort? We had Poly on our mind but the shear price of that contract is starting to drive us to consider alternatives.

Suggestion.....as this is an individual decision since everyone has a different point of view. If I were you (buying in in my 20's), I'd look for a longer expire date, like at AKV, BLT, SSR or VGF. And then I would ask if I could purchase my initial buy in in separate contracts, i.e. 2 - 50 point contracts and 1- 60 point contract. They are easier to sell and if you decide in a few years that you don't need so many, you can sell just one contract instead of the whole bunch.
Same goes with adding on, add on in smaller contracts. Each time we added on we did so in 25 point increments. Even when we added 100, we just did 4 25 point contracts.

Just a suggestion....good luck with your decision

 

[Tunseeker1]

I have a different view then most. I bought in my 20s when they all expired in 2042!

We added on at VB because my wife likes sand and water and we coun=dnt get in when we wanted so we bought some 11 month window at the beach.

We added on at AKV when my son was born because Zebras are cool!

We are going to be adding on at something close to the park, (WL,BLT,GF,Poly) to get the ease of travel and 5 person studio so when the kids are a bit older they can have the couch and pull down bed.

If you look I have added on for different reasons and I am sure you will to.

 

[skier_pete]

I just want to comment when looking at buying our first resale contract recently, I was debating between AKV @ $75 PP, or BWV at about $80 PP. Of the two, I thought BWV would be a preferable location, but in the end I chose AKL primarily because I was getting an extra 15 years (27 years at BWV versus 42 years at AKV).

We're in our mid-forties age-wise, and would in our early 70s when BWV runs out, versus late 80s for AKV. However, we will hope that we will still be able to afford and enjoy Disney for that long (and still be alive for that matter), and if not our child will be able to use it for her family someday. That combined with the fact that we do really like AKV a lot made me make that decision.

So, I would say for many people it doesn't factor in. I think most people consider location above all else. But for us, it was a major deciding factor.

 

[luckyman_apd]

cost vs length had a big impact on my decision. BLT has a end date when I'm in my eighty rather than when I'm 62. That's big for me. I want to travel there in my retirement. I'm not looking at it as a "Disney" exclusive trip. I've met a few people on my trips that use their DVC as a winter getaway from northern climate winters (and after this year.....boy was it needed). Right now we love the parks with the kids....but as they get older and we do the "disney" thing less often....well, I still like to lounge by the pool, I still want to go someplace warm when it's cold....and I don't HAVE to go to the parks. My wife and I look forward to the future using our DVC for trips sans kids. We'll rent a car and travel around. I'm sure Disney prefers I visit the parks, but hey....I'm under no obligation. Since AKV will be around till 2057, we have said many times we'd like to stay there just the 2 of us. It's a beautiful resort, but it's the furthest from the parks, so for now, it's not high on our choice list. But when the parks are less of a priority, it will be higher on the list.

Everyone has their own preferences....but $ was a big factor as well. I took the number of points I was getting over the life of the contract and divided it into the cost so I had a base cost per point. Add to that the price of dues per point...and you have your travel cost for each trip. One of the things for me is that my total cost per point (buyin cost per point plus dues) times the number of points used on the trip.....still needed to be worth it.....meaning my cost per point for 2013 was $6.60. A trip that I got 6 nights at $633 worth of points. No where on site was I going to get 6 nights for that price at the same time except a value room. So I got a much nicer resort and room for less money. Prepaid vs postpaid.....lost investment cost....yada yada....I got a room at disney for less than I could have not being a DVC member. Bottom line.

This year for 9 nights in July I'm calculating my cost at $1248. That's $139 a night.....Still cheaper than the moderate resorts for the same timeframe. (now technically I've borrowed points from next year and I don't have next years dues calculated into those points.....but it's a good ball park estimate.

If there is a resort that you really like and want to stay at.....and you don't care about the expiration date then buy all means, buy what makes you happy. But for me, I like some resorts more than others....but not one has stood out to me as hating or being overly in love with compared to the others.

 

[skier_pete]

Luckyman - that's pretty much how we feel. We chose AKV because we really like the resort and the long expiration date. We have 160 points, which is enough for now. My plan over the next 5 years is to stay at as many different resorts as we can to see if we have a favorite (we've stayed at AKL so we KNOW we love that one) and if we do we may get additional points at a different resort. If we find we don't have a particular preference, we'll probably buy more at SSR or AKV because of the long dates.

We are also thinking the long game, which is actually what triggered us to buy. We are still 10-15 years from retirement, but DW and I feel we will still want to spend time at a Disney Resort. We doubt very much we'll be able to afford it anymore without the benefit of DVC. So paying the upfront cost now while we have a good income makes a lot of sense. If we get another 100-150 points, we could easily spend a month every winter at Disney - that would be pretty awesome.

 

[AnnaS]

I have a different view then most. I bought in my 20s when they all expired in 2042!

Yes, but how old are you now or how long ago was this - (then again, maybe you are still in your 20s )

My son and dil are 29 and as much as they love BCV (or even BWVs) for F & W - they wanted a resort with a longer expiration date. (They own 100 SSR- 2 years ago).

He will take his chances on the wailist or ask "mom" if I have any extra BCV points. He is a happy camper either way.

 

[amberg93]

I'm just 21 and my wife is 25 and we've been back and forth on this same issue a lot. The end date is important to me by 2042 I'll just be 49 and hopefully still wanting to go to Disney a lot. However she really wants to own at BCV whereas while I love the looks of it, the date just isn't doing it for me.