Ok, I need some help on how to convince dh

[JodyTG]

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!!!!!

Yeah...I remember $49/night...

But...that time is gone and prices do NOTHING but go up. I also remember paying 0.87 for a gallon of gas...

 

[u2daisyblue]

I too am trying to convince DH to buy into DVC and this board has been great. I love everything that is pointed out especially the financing part. As much as I want to buy now, it sure makes more sense to wait a couple of years and save like crazy and just pay cash. Thanks everyone!

 

[disfanforlife]

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

This is us too. We felt that at 41 we weren't sure if it was worth it to us. But, even if only use it for 20 years instead of 49, I feel it is worth it. We, too, would not do it if we couldn't pay for it, but that is how we feel about most of our spending too. Having a family of 5 also was an incentive for us, because there is only one moderate resort that sleeps 5 and other than that as you said you need two rooms or a deluxe. With that all considered, I think we will be much more comfortable and happy in a villa. Can't wait for our first visit in November!

 

[starwood]

I too am trying to convince DH to buy into DVC and this board has been great. I love everything that is pointed out especially the financing part. As much as I want to buy now, it sure makes more sense to wait a couple of years and save like crazy and just pay cash. Thanks everyone!

We started with 100 point resale at OKW for $73/per point. We paid cash of $7300. It's a lot cheaper to buy resale and get your foot in the door with a few points (you could even start with 50 points).

 

[Chester's Mum]

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

Don't forget the sales tax - 12.5% - 13.5%. In March we stayed one Saturday night at Pop Century because we didn't have the points for the extra night. That one night at a value cost me $141.00 including tax (with a AAA discount). Back in 2004 I stayed at Port Orleans French Quarter for the same price. How prices do go up. Maintenance fees also go up, but I don't think they keep pace with cash room rates.

 

[syeaton01]

I am in the same spot with my wife. Any chance I could those people with spreadsheets to email them to me? I can use spreadsheets well enough, but creating them is another matter.

These ideas are all very helpful.

Thanks!

 

[syeaton01]

Oh yeah. My post count is too low so I cannot sent PMs. So, you can use the email address in my profile.

Thanks

 

[dis2cruise]

thanks this is very interesting thread

 

[Jaaron2]

We now have 400 points (so you can do the math) and I really dont even think about the initial outlay. The reasons:

1) We are kind of 2 bedroom-deluxe resort snobs at this point. We love the fact we can spend days at a resort without leaving we feel so comfortable (and the rack rates are not cheap for those places)

2) We know in the long run it will pay for itself (unlike a car investment, which is usually the same or more than DVC, it does not automatically depreciate)

3) You can turn around and sell your contracts and make most of your money back if you want

4) We can use the points in the future to take our grandkids

We like knowing the fact we are going back...where we are going...and feel like it is part ours (the sense of ownership)

 

[snowwhitemom]

You are such a good wife.....i just keep doing add ons and not telling him....I am sure one of these days he is going to realize that we are staying in much larger places and for longer periods of time......i hope this isnt the year I get busted, LOL

Good luck to you....I cant help you with putting it on paper but it sure helps seal the deal of build it and they will come (planning for grandchildren in a few decades...Hahahah) Thats what I have always said when needed!!!

 

[Magic08]

My husband was the one who had to convince me! But we have gone to Disney every year for the past several years so I think it should work out for us.

 

[snackyx]

We just stayed in a 2-bedroom at OKW over spring break and the published rate (rack rate) was $660/night! Times that times seven, add tax and we have some serious numbers. We bought into OKW with 310 points in January 1992 @ $71.50/point. Added 90 points $73, added another 100 points at $75, added another 100 points at about $77. I am now adding another 100 @ low 70's with a resale contract. Never a regret, still 34 some years of DVC to come.

 

[Caskbill]

Basically it boils down to the fact that owning DVC is a hedge against inflation. Let's say a Value resort today is $90, or $100 including taxes.

Dues for a DVC resort are about $4.50/point. Mid season, a Studio at BCV is 13 pts/night. So the dues on those points is $58.50

Let's say inflation averages 3% for the next 10 years. That $90/night value resort becomes $121/night, or $135/night with taxes, assuming they don't raise the tax rate, which they are prone to do.

Your DVC dues go up to $6.05/point. So your 13 pts/night room now costs you $78.62/night. Over the 10 years, it increased by $20/night while the value, including taxes, increased by $35/night, or 175% of the DVC dues increase.

Start with a Mod instead of a Value, and the difference is even more dramatic.

Bottom line, will you save money? It depends, you will either save money, or you will get a lot better accommodations for the same amount of money. For example, in our case, we only stay in 1-b/r's now but at a 'dues' cost closer to staying in a 'value' resort.