members for a long time...heartache over today's prices?

[MichelleB]

We bought back in 1999 with Disney ($60/pt) and have since added on a couple of times and bought another contract last year via resale ($78 for VWL). I would love to add-on again, but am having heartache over today's prices versus what we paid for our other points. Anyone in the same boat?

I just learned that if I purchase resale and it's the same UY and in the same names, then I can contact Disney prior to closing and do it as an add-on to my existing contract. That seems enticing. Anyone else done this?

I really want to add-on and think Disney is the easiest way, but I have a hard time justifying the $90+ per point costs.

 

[CarolA]

Are you willing to go resale... they seem to be cheap right now.

I have added on since my intial $58 price purchase, but I am done. I bought AKV and have no regrets but I think it's getting too rich for more add ons!

 

[cseca]

We feel the same way after purchasing WLV on 2001. I vowed never to purchase another point until GCV opens (and that was WAY before I knew they were contemplating GCV). And then we found out that they are opening a handful of villas, I was excited about the news and heartbroken about the price.

But this was a 8 year dream and DH agrees that we should do it (amazingly enough). Plus we're not quite sure how many points will actually get on resale market considering there are only 50 villas. So we are making the plunge (painful plunge nonetheless ).

As CarolA says tho, there are good resale prices right now on the rest of the resorts (except BLT of course). You can always go that route if you're considering adding on.

 

[CMOORE185]

I really want to add-on and think Disney is the easiest way, but I have a hard time justifying the $90+ per point costs.[/QUOTE]

I disagree that adding on thru Disney is so much easier than resale. I just bought resale and it was very easy and we closed in less than a month. You can now add on at SSR for $65 pp and pass RFOR.

 

[DeeCee735]

I do feel the same way. We added on 4 TIMES since originally purchasing in 2000 at $65 per point. We paid (if memory serves) $84, $89, & $96 for our add ons, and that last add on at AKV for $96 a point really bothered me. I can't justify this again. I'd LOVE to add another 50 on, but I have a hard time finding the 50 points with my UY (October) on the resale market. I don't look every day because we really aren't too serious about it, and it's still too much money for AKV through resale with closing costs. I miss the days of $65 a point, and am VERY thankful we bought when we did. I do think these prices are going to drive alot of members to either not add on at all, or to do so in smaller increments through resales

Doesn't look like we'll be adding on more any time soon (there's also those MF's to consider!)

 

[MichelleB]

MF's sure do add up! I know how much we pay and I can't imagine those that are in the 1000+ group. More power to them!!!

 

[FreeTime]

The price definately has us reconsidering. We attended an open house last week to make our decision and couldn't decide where to add on. Then with the price we got to thinking it is worth it? DH wanted to do the add on because we have a cruise planned and said with what we are paying for the cruise we will get a 3 day cruise and then points, however, this would also mean having to pay around $10K for 100 points. We paid that for 200 initially!

 

[arthur06]

I wouldn't sweat it at all. Your paying for what you get. Your house is worth more now then it was when you bought it...hopefully. DVC is not your typical timeshare. It has shown a historical trend of appreciation. If you sold many of your original contracts, you get todays value for it.

If you happy with the quality, service, and value that you have gotten, expect to get more of the same.

 

[Deb & Bill]

There was a post a while ago that included a link to inflation prices. I bought into DVC in 1997 and paid about $50 a point. Inflated to current prices, it was only going to be something like $70+ or $80 per point.


The price of DVC has gone up way too quickly and it's not really worth what new members are paying. And anyone who thinks they will sell the contract they buy today in a few years and make a profit are dreaming. Add the rapidly increasing member fees and it's becoming a true luxury and not something the average family can even afford anymore.

 

[arthur06]

The price of DVC has gone up way too quickly and it's not really worth what new members are paying. And anyone who thinks they will sell the contract they buy today in a few years and make a profit are dreaming. Add the rapidly increasing member fees and it's becoming a true luxury and not something the average family can even afford anymore.

Hench the absolute beauty in the system!!! If everyone could afford it, we would just call it Wal-Mart.

 

[AlexTina]

Hench the absolute beauty in the system!!! If everyone could afford it, we would just call it Wal-Mart.

ITA! Even if you sell 10 years down the road and get a bit less than you paid you've got 10 years worth of accomodations out of it so there's really no way to loose unless you would have normally stayed at the all stars. We always stayed at the Polynesian so this is really a big money saver for us.

tina

 

[Buckeye Fan]

...I just learned that if I purchase resale and it's the same UY and in the same names, then I can contact Disney prior to closing and do it as an add-on to my existing contract. That seems enticing. Anyone else done this?

I really want to add-on and think Disney is the easiest way, but I have a hard time justifying the $90+ per point costs.

Yes, we have done this, and it is great. If you purchase at the same resort, you won't even know you have two separate contracts. You don't ever have to worry about transferring points or anything, and can book 8 - 11 months out. If you add on at a different resort, at 7 months, you can pool the points. Dis makes it very convenient. If you buy resale, just tell your broker your member id, and they'll submit it when it goes to Dis. As you said, though, it has to be the same UY.

Depending on your home resort, unless I was doing a small add on (Dis doesn't charge closing costs for add ons), I would never add on through Disney. Even though it may be easier, it just costs so much more in many cases.

Best of luck, and I'm looking at an add on right now, too! Probably leaning toward adding some points at OKW.

 

[Opie100]

Yes, we have done this, and it is great. If you purchase at the same resort, you won't even know you have two separate contracts. You don't ever have to worry about transferring points or anything, and can book 8 - 11 months out. If you add on at a different resort, at 7 months, you can pool the points. Dis makes it very convenient. If you buy resale, just tell your broker your member id, and they'll submit it when it goes to Dis. As you said, though, it has to be the same UY.

Does the original purchase need to be retail, or can a resale be added to an earlier resale purchase and combined (assuming same UY)?

 

[tjkraz]

I really want to add-on and think Disney is the easiest way, but I have a hard time justifying the $90+ per point costs.

If there's any silver lining in the newer resorts--specifically BLT and VGC--it lies in the low annual dues. Over the lifetime of the contract, dues will cost you FAR more than the initial buy-in.

Granted a lot of it comes down to how you use the points since the newer resorts cost more to stay each night. But I'll say this much--buying BLT to stay at OKW seems much more economical than buying OKW to stay at BLT.

 

[disneynutz]

We bought back in 1999 with Disney ($60/pt) and have since added on a couple of times and bought another contract last year via resale ($78 for VWL). I would love to add-on again, but am having heartache over today's prices versus what we paid for our other points. Anyone in the same boat?

I just learned that if I purchase resale and it's the same UY and in the same names, then I can contact Disney prior to closing and do it as an add-on to my existing contract. That seems enticing. Anyone else done this?

I really want to add-on and think Disney is the easiest way, but I have a hard time justifying the $90+ per point costs.

How about the folks who bought at over $100 per point and now Disney is selling the same resorts in th $90s?

 

[kimberh]

Does the original purchase need to be retail, or can a resale be added to an earlier resale purchase and combined (assuming same UY)?

I have a resale VWL that AKV through Disney was automatically added to it. Same UY.

Then I have a resale Beach Club, that I have a Disney Add On same UY Added to it. On the add on, I told my guide that I wanted it added to my existing Beach Club account. Well, they added it on to my VWL, AKV account, I called my guide, he actually walked the paperwork over for the Beach Club contracts to be added together. It took a little longer, but it all ended up fine. I did receive two sets of documents from Disney, which I only sent one back.

 

[Buckeye Fan]

Does the original purchase need to be retail, or can a resale be added to an earlier resale purchase and combined (assuming same UY)?

A resale can be added on to a resale. You can also purchase two contracts at the same time, and request that they be put under the same member id. That's what we did (2 contracts, Aug UY, SSR) through GMAC. It was actually GMAC's recommendation (I didn't know much about it at the time), and I'm so glad it was suggested. It really is nice.

 

[BWV Dreamin]

How about the folks who bought at over $100 per point and now Disney is selling the same resorts in th $90s?

Yeah, I hear ya! My only consolation is that I only bought 40 pts. (all I wanted to). So to buy 10 more pts. to get the incentives at $96/pt. still would cost me $960 more dollars I had no intention of purchasing in the first place. AP's do me no good, so there is no value there for me. I do feel for those who purchased considerably more. Not sure 50 pts. gets a cruise....still I would be spending more $$ on the cruise I had not intentionally planned to do. Looks like I am actually saving by not purchasing 50 plus pts.!!!

 

[arthur06]

How about the folks who bought at over $100 per point and now Disney is selling the same resorts in th $90s?

I know this isn't exactly the same, but buy a loaf of bread for $2.50 then go to the store tomorrow and its $1.99. Some things the consumer has no control over. But if you paid $100+ per point, you were happy at the time of what you got! Less out of pocket as $6.25 was applied to down payment, DP's, cruises were some of the old incentives.

The old system was a sort of name brand item! We will call it Coca-Cola! And at $112 per point it had money into advertising, initial construction costs, etc... Coca-Cola spends there money on advertising (See LeBron James in Sprite), Point of Sale Material, Coupons...

The new system is sort of the store brand. We will call it Hy-Vee Brand, Sam's Choice, Fastco etc... Which runs its programs on a Net/Net program. Where the price has only the product figured into it! No coupons, no fancy advertisements, no P.O.S. material.

The New DVC major option is a Net/Net option!

 

[Merilyn]

We also did the addon and under the same UY and resort. It can be under the same member number. It is much easier that way. Keeping up with two member numbers can be a real headache in itself. We bought a resale this time so it doesn't have to be brought thru Disney. The original contract was for OKW. We've added on several times to OKW and also added VB to the same member number and UY. You are right that they have to have the same names. They also have to have the same wording as to how to divide the points should someone die. I just had all our contracts changed to prevent having to probate a will again in FL. It cost a fortune to have it probated and all the contracts deeded again but it is a must to prevent another problem with probate in the future.