FutureSailor
Mouseketeer
- Joined
- Sep 20, 2006
- Messages
- 168
I've posted quite a few questions here over the last week and I am thankful to everyone who has answered. I have figured out that for my family, we need 200 points every two years. (One more-or-less weekly stay before Christmas every other year. We are tied to the school calendar for the next 10+ years. I know some people suggest thinking about longer-term but we have never been to Disney without the kids and have no idea if we would want to go without them. So for the forseeable future, it is Disney every other year in December.)
So to have these 200 points every other year, I thought about purchasing 100 points at VWL, which would cost about $100 per point (buying resale of course and including closing costs) for a total of $10,000. Annual dues is about $450. (I am pretty confident about my numbers up until this point--here's where I try to figure out the long-term costs . . .) If we rented the points, the cost would be $2000 every two years, meaning over the next twenty years we would spend $20,000. If we purchased the points, we would spend the initial $10,000 plus $9,000 in annual dues. So far, buying seems like a slightly better way to go. Until I looked at ing's savings calculator and figured that putting the $10,000 in a savings account earning even just 4 percent over the next twenty years would result, at the end of those twenty years, in a balance of $21,000!
I realize that the cost of renting could go up (as could the annual dues, though). But what else am I not factoring in, or factoring incorrectly??
And I do realize that buying DVC is not an investment--I am not looking to make money. I would like, though, not to pay more for my vacations than necessary. The one thing people have said on these threads that might convince me to buy even if it was a very bad money decision is that they would not take vacations otherwise--that by committing themselves to DVC they commit themselves to taking vacations. Our situation, though, is not like that--we are very regular vacation-takers!
So to have these 200 points every other year, I thought about purchasing 100 points at VWL, which would cost about $100 per point (buying resale of course and including closing costs) for a total of $10,000. Annual dues is about $450. (I am pretty confident about my numbers up until this point--here's where I try to figure out the long-term costs . . .) If we rented the points, the cost would be $2000 every two years, meaning over the next twenty years we would spend $20,000. If we purchased the points, we would spend the initial $10,000 plus $9,000 in annual dues. So far, buying seems like a slightly better way to go. Until I looked at ing's savings calculator and figured that putting the $10,000 in a savings account earning even just 4 percent over the next twenty years would result, at the end of those twenty years, in a balance of $21,000!
I realize that the cost of renting could go up (as could the annual dues, though). But what else am I not factoring in, or factoring incorrectly??
And I do realize that buying DVC is not an investment--I am not looking to make money. I would like, though, not to pay more for my vacations than necessary. The one thing people have said on these threads that might convince me to buy even if it was a very bad money decision is that they would not take vacations otherwise--that by committing themselves to DVC they commit themselves to taking vacations. Our situation, though, is not like that--we are very regular vacation-takers!
If you do the calculation assuming you take out money for your resort accomodations every other year, I doubt your $10,000 will last anywhere near 20 years!
), etc, etc.
