purchasing questions - #1

[cigar95]

I've begun making a list of questions I might have for a DVc sales agent - but I'd be interested to hear what you good folks have to say about them as well.

This first one I probably wouldn't even ask the agent -

My first real exposure to DVC came during my WDW visit in December of 1994, when I chatted briefly with a representative somewhere on the property. (They weren't as ubiquitous as they are now.)

Anyway, he mentioned to me that if I purchased DVC during my visit, my room charges at my WDW resort for that stay would be credited to my DVC purchase.

I don't suppose they still make that offer, do they? (It would sound like a great way to get a free stay at the Beach Club - too good to be true.)

A couple short ones -

As part owners of the DVC property, do members have any sort of protection against liability in the event of personal injury lawsuits and other similar circumstances?

Are there any additional annual fees, such as property taxes, or are these part of the annual dues?

Are members responsible in some way for the 11% room tax that non-DVC resorts pay, or is this not treated as a hotel stay?

(I promise my questions will get less money-oriented as I go! Running the numbers, DVC appears to make sense, assuming no surprises.)

 

[Firefighter Mickey]

The room offer has been replaced by the Magical Beginnings program - this is where you rent back your points to DVC at $10/point to be used toward your downpayment.

The liability issue was discussed sometime back. You might try a search with liability as the keyword. I don't remember the outcome, but basically the concensus was that it wasn't a major problem.

Property taxes are part of your annual dues.

You do not have to pay the 11% room tax, since you are an owner of the property and are mearly using your ownership period (as opposed to a hotel room rentor).

 

[Ed T]

No need to repeat firefighter mickey's comments but Disney paying for your room stay when you decide to buy goes back years. The are offering to buy back points now for you not going down or using your points for the first year.

I you don't have a sales guide that you are currently working with and are interested in speaking with someone who is very low key and not pushy along with being very professional give me an email. I'd like to refer a future member.

Ed
DVC 1994

 

[Jimbo]

Why not post his name here, Ed? I'm sure we'd all like to get referrals, but is this the place to look for them?

 

[drusba]

Liability and property insurance for the resort is paid for out of your dues and protects the owners from liability suits.

The incentive program now is Magical Beginnings, under which DVD (the Disney Vacation Development Co., the Disney entity that actually builds and sells the resorts)buys back 1/2 of your first years points for $10 per point and applies that amount to your down payment. The one you are familiar with from that prior visit disappeared a number of years ago.

That 11% tax applies to room rentals, which you will not be doing and thus inapplicable.

Your costs through Disney are for the points and annual dues. No others. Annual dues cover everything relating to maintenance of the resort, reserves, property taxes, insurance, etc.