Ok, I need some help on how to convince dh

[digman6]

His big hang up is well we pay a dues every year. How can you be saving money when you pay for example $13,000 resale when its all said and done. then you pay the dues which say is $400.00yr.

how can you really be saving money? Is there a way to figure it all out on paper to see what you would save?
We will need to have a place for 6 people so I know that requires either 2 room villa. If we stayed just deluxe its 2 rooms and those are roughly 400$ a night per room if we go in Peak season I think. I know we do not want to stay value just because we like the extras at the deluxe or moderate.



It has to be a savings or else people who not do it, but he needs to see it in black and white!

Sorry if I confused any of you- working while typing is not always a good combination!

 

[Coach81]

Consider this....

The cost of "Values" now are around 100.00 per night. When you buy in for your 13K, and you pay your $400.00 per year in Maint.. consider this.. in another 10 years... how much will it be for a value- not to mention the mods or deluxes??? When you buy DVC you are locked in for the next 40+ years... your costs for rooms will be $400.00 - $500.00 PER YEAR as opposed to several hundred A NIGHT for moderate or deluxes.

It is a big initial investment, but if you plan to visit Disney annually, over time you will see significant savings, no question.

In another few years, we will have our $12,000 buy in paid off, and we are looking forward to our -two or three weeks a year- rooms only costing us $400.00 a year

Hope this helps, good luck

 

[Tinkerdreams]

His big hang up is well we pay a dues every year. How can you be saving money when you pay for example $13,000 resale when its all said and done. then you pay the dues which say is $400.00yr.

how can you really be saving money? Is there a way to figure it all out on paper to see what you would save?
We will need to have a place for 6 people so I know that requires either 2 room villa. If we stayed just deluxe its 2 rooms and those are roughly 400$ a night per room if we go in Peak season I think. I know we do not want to stay value just because we like the extras at the deluxe or moderate.



It has to be a savings or else people who not do it, but he needs to see it in black and white!

Sorry if I confused any of you- working while typing is not always a good combination!

This is how you explain it to DH (cause this is what I did). We prefer to stay in mods and deluxes and you're right 2 rooms will run quite a bit.

We were facing the same dilema with the # of rooms we needed for a trip and it was becoming cost prohibitive for the type and length of trip we prefer to take. Buying DVC is going to make this so much more affordable for us.

I told DH that if we were to buy 200 pts at SSR with MF of approx $4/point. Our buy in cost was $18000 and I divided it by # of points and then by # of years. Total cost per point over the 47 years is about $2 a point plus the $4 a point came to $6 a point.

Now, multiply $6/point by the # of points you'll use on a trip (example: 243 points for a 7 night/8 day stay first 2 weeks in December for a 2 bedroom villa is $1458 for the value of the points). I'm not sure what the cash value of the same 2 bedroom villa is but I believe it was approx. $600/night. So booking this same 2 bedroom villa in cash would be $4200 for the same time period.


Good luck!!

 

[digman6]

Thanks !
Now I need to do all that with what we are considering and show him how we are saving money.

I also noted as I looked around if we vacation any place besides WDW its going to be the same thing 2 rooms or something equal to that $$$$.

 

[karajeboo]

OK, I'm in the same pickle! But with us it's not so much the annual maintenance costs, it's the initial cost! So I made a spreadsheet for DH and I ranked each DVC resort based on: Point Values (how many points it takes for our favorite times), Maintenance costs per point, and Initial Sales Cost per point. Then I looked at what our cost would be TOTAL in 10 years, 20 years, and 30 years by taking the avg sales cost per point x 150 points (what we would like to have) + Maintenance per pint x # of years. DH is becoming more and more interested!!!!!

Let me know if you'd like me to email this to you! DH and I considered DVC on our honemoon 10 years ago - just think, it would be paid off by now!!!! But we're considering it again. He is just soooo hesitant to pull the trigger!!

 

[MagicKingdomGirl]

Thanks for the info - still working on DH

 

[MikeyNS]

Just think of where rack rates will be in 10 or 20 years.. then you'll wonder why you didn't purchase DVC earlier.

 

[karajeboo]

Just think of where rack rates will be in 10 or 20 years.. then you'll wonder why you didn't purchase DVC earlier.

YES!!! 10 years ago when we first considered BWV, I believe they were selling for about $9000 and we paid $240/night for our room at BWI. But the Values at that time were only $49/night!!!!!

 

[jjj623]

This is how you explain it to DH (cause this is what I did). We prefer to stay in mods and deluxes and you're right 2 rooms will run quite a bit.

We were facing the same dilema with the # of rooms we needed for a trip and it was becoming cost prohibitive for the type and length of trip we prefer to take. Buying DVC is going to make this so much more affordable for us.

I told DH that if we were to buy 200 pts at SSR with MF of approx $4/point. Our buy in cost was $18000 and I divided it by # of points and then by # of years. Total cost per point over the 47 years is about $2 a point plus the $4 a point came to $6 a point.

Now, multiply $6/point by the # of points you'll use on a trip (example: 243 points for a 7 night/8 day stay first 2 weeks in December for a 2 bedroom villa is $1458 for the value of the points). I'm not sure what the cash value of the same 2 bedroom villa is but I believe it was approx. $600/night. So booking this same 2 bedroom villa in cash would be $4200 for the same time period.


Good luck!!

In addition to the $6 calculated by Tinkerdreams, a couple of other things to consider are related to inflation and interest. Your initial investment ($18,000 in this case) could be earning interest that you use yearly for cash vacations (say 5%) rather than being tied up in Florida Real estate. Divide that out and it's another $5/point of 'cost' on top of the $6/point calculated above, so a cost of $10-$11 per point is reasonable.

As time goes on, the maintenance fees will increase, driving up the cost per point. The rack rate for equivalent accomodations, however, will also go up - the net will be that the deal gets better over time...

Even using $11/point, it's still a nice discount vs. the rack rate for deluxe accomodations. If you can plan ahead and like to stay at the deluxe resorts, it's definately a great way to save money over time.

Have fun,

Jeff

 

[Chellymouse]

I made a spread sheet for my DH, although he was pretty on board before we crunched the numbers. We figured out our room cost per night for the nights we would go, then would figure out what our total trip cost and broke that down as well. When it was all said and done, we figured that the initial investment of $18K would pay for itself after 5-6 trips depending on our accomodations and then it's just dues. our dues per year is less than the cost of 8 nights in a mod during value season.

 

[podsnel]

YES!!! 10 years ago when we first considered BWV, I believe they were selling for about $9000 and we paid $240/night for our room at BWI. But the Values at that time were only $49/night!!!!!

Do you know, my guide told us the Poly when it opened charged $29/night!! Inflation is a scary thing- buying a lifetime of vacations at 2007 prices convinced my DH! Good-luck!

 

[Blessed_wth_Triplets]

I am interested in DVC as well..but really know nothing about it! Would anyone mind giving me a basic, brief rundown??...please So the initial cost is $18,000 plus $400 a year?? What does that cover? So if your resort is paid for by your dues and being a member and all...then you still have to pay for park tickets and DDP is wanted, and airfare...right? I guess it just seems like a lot to me...although I'd LOVE to convince DH! I can tell you this...for our family of five our past two trip, with hotel, park tickets, airfare, and DDP (although is been during free dining!) has been right around $3,000...not bad..please convice me though!

 

[Coach81]

Good luck all of you with your decisions! Hope to see you all at a DVC resort soon

 

[starwood]

What convinced my DH was the fact that if we ever want to sell it we can recoup most of our initial investment. I also use my Disney Visa Reward dollars to help pay the annual dues. Our dues last year were around $730 and I had $360 in DVRD. So I only had to pay $370 last year for 185 points. Also the property tax portion of the dues is tax deductible.

 

[digman6]

excellent points made.

He likes hearing those kinds of things like recoup what we invested and tax deduction!
I do as well but it helps for the harder sale!


I am going to getoall this on paper and then present it to him . If I have all my ducks in a row it will go better, rather then a few points here and a few there!

 

[Anal Annie]

For us, we liked staying in the "deluxe" resorts and we were being priced out of them. We started thinking about how expensive it would be in another 20-30 years and realized that even tho DS is only 10 now, one day our grandkids may not be able to afford to go if we didn't buy in while it was still affordable! We liked the idea of pre-paying for our accomodations and knowing that it will help DS afford vacations for his family one day. We pay the annual maint. fees with the monthly EFT so it's not such a big hit all at once and we really don't even think about them any more....they're just a small monthly expense now.

We figured up with the type of trips we usually take (time of year, destinations etc.) we shall recover our initial purchase in probably 5 years.

 

[Anal Annie]

I am interested in DVC as well..but really know nothing about it! Would anyone mind giving me a basic, brief rundown??...please So the initial cost is $18,000 plus $400 a year?? What does that cover? So if your resort is paid for by your dues and being a member and all...then you still have to pay for park tickets and DDP is wanted, and airfare...right? I guess it just seems like a lot to me...although I'd LOVE to convince DH! I can tell you this...for our family of five our past two trip, with hotel, park tickets, airfare, and DDP (although is been during free dining!) has been right around $3,000...not bad..please convice me though!

Not exactly like that....I believe that SSR and AKV are $104 per point right now with a 160 point minimum purchase directly thru DVC. Thru various promotions you can usually get $8 off pp at AKV and $10 off pp at SSR. Each resort has annual maintenance dues - the price pp varies slightly but usually run $4 something per point (each resort is diff. - it might be $4.25 pp or $4.95). The annual dues can and do fluctuate (go up a few cents) each year.

And yes, you still have to get yourself there & allow for meals and buy your park tickets (members get a good discount on AP's 'cuz they assume you may go more often if you own). DVC is a timeshare so it basically pre-pays for your accomodations and is a great deal if you like staying in the "deluxe" resorts - not so much if you use "value" resorts.

Best thing would be for you to call them and get the full package sent to you with the point charts and all. There are 5 "seasons" at all of the DVC resorts. There are also studios and 1, 2, and 3 bedroom units. Each unit type will require a different amount of points depending on the season. So you study the point charts and figure out when / where you would most likely go and what size unit you would need in order to figure out how many points your family would need to purchase. You can bank and borrow points too if you don't go every year. It takes a lot of thought.

THEN go onto the regular Disney website and get yourself a cash price for the dates / unit type you want and you will be able to see how much of a value you're getting! Some of these units can be several hundred dollars a night.

 

[TenThousandVolts]

I really like the savings analysis on dvcnews.com http://dvcnews.com/index.php?option=com_easyfaq&task=view&id=55&Itemid=148
I think mousesavers has something similar also. I think the mousesavers pros/cons on dvc should be required reading for prospective buyers.

 

[GranddadTom]

I would enter this discussion from the point of view of the DH who needed convincing - because that's where I was a few years ago. I'll fast forward to the end so you know how our situation ended - we bought 300 points and have been very happy. The whole investment thing didn't impress me. I'm very old-fashioned and grew up fairly poor so money has always been a concern. Our one splurge has been to have family vacation at WDW. We've done this since 1973 (with 4 kids) and have probably been there 15 times. Our first time was in the now-destroyed north wing of the Contempory in a room for $32 (with 3 kids). As another kid arrived and expenses started to go up, after a couple of stays at the Poly, we shifted over to the moderates (we love the CBR). Eventually those started to top $200 a night and we consider switching to the value resorts before we discovered DVC. We now have 11 grandchildren so we travel to WDW as a group of 21. You have to realize that wherever you make any decision, you never have a complete set of information upon which to base your decision. What you want to try to do is cover the major points. For us the first major point was "would we be continuing to go to WDW every 18 to 24 months". If not, end of story! When you buy those points, you commit to going to WDW and the tickets, meals, transportation, and misc. can get to be expensive. The next question is not is it a good investment but rather "can we afford it?" My feeling is that if you can pay cash for the points, you're probably okay but if you have to finance that purchase, be careful. If you are facing college cost for children, you don't want to be sending monthly payments to Disney for upscale vacations and not be able to sent children to college. We get a bill for around $1,400 every January for our maintenance fee and that's a sizeable piece of change. We're fortunate that at this point in our life, money isn't a big issue for us any longer but I can see where it would have been 15 years ago when the college bills were rolling in. If you do decide yes to both of the questions I've posed, then the only convincing DH needs is to visit any of the DVC resorts. They are all incredibly beautiful. All themed differently so you can pick which one you like. And you get a nice selection of room types and sizes. I've also found that it takes some of the uncertainty out of get the rooms you want as you can book at you home resort 11 months in advance (and we've always gotten our first choice of rooms). And the thing you have to remember is you are staying in a Deluxe Disney Resort for the price of a Value Resort. I would urge you to consider the two points that I mentioned and not get swept up into the magic of Disney if it isn't right for you.

 

[digman6]

very good points.
We can pay for our points in full , I am not planning to get 300 at this time I am thinking half of that ( 150) and we can grow from there if we chose to.

I just know that we will go there more and at the rate the rooms are moving up in price I can see that we are further ahead to go this route then pay for 2 seperate rooms for each visit we take. In a few trips we could have DVC paid for and still have more trips to look forward to.


I agree about it being a investment, its really not one if you don't use as its intended to be used.

We are a bit old fashioned at 37 , we are firm believers if you don't have the money you don't do it. we never use credit cards unless its a emergency then we pull it out.
We I am sure are not the norm , but we don't try and live a life we can not afford.

thanks for the thoughts