Second Thoughts…….in cool off period

[Tobuyornotbuy]

So we put a down payment for the VGF while on a cruise and are in the cool off period and having second thoughts… we like Disney and we like the deluxe resorts but we also want to see more of the world etc and not sure this is the right choice - our child is 9 so right now they love Disney….. the incentives on the cruise we good and if use some credit card points I can reduce my cost by another 5 to 10k and pay cash for the rest just not sure this is what we want to do for the next 40 years…. Or if the VGF is a good fit

 

[intamin]

IMO if there's any doubt about how frequently you will be returning or whether or not you still want to go in 20 years I would strongly consider rescinding the contract.

For someone like myself who has gone 5+ times this year it makes sense and we know we want to go back repeatedly. If you haven't been going at minimum every other year to WDW or are already starting to feel like you're getting tired of Disney I would cancel it.

Down the line you can always rent points or simply pay cash and not be as financially invested into a timeshare. Another reason to cancel is if you don't feel strongly about VGF, there may be another resort that you may like more down the line. DVC will always be around to take your money should you decide you want to buy in later on.

You can even consider resale so you don't feel as committed like a small resale SSR just to get points for cheap and try it out and in a few years if you don't like it go ahead and sell it without as much of a loss compared to buying direct.

 

[🍀TwinsMom]

Agreed with Intamin 100%. While I am a DVC Stan, it's not for everybody. It's not going anywhere as a product. Talk it over one more time with your partner, just to make sure they're not a secret die-hard who will be disappointed.

 

[thanxfornoticin]

Agree with other posters. We're also long-time DVC and go a few times each year. But it's a big commitment and investment. If it's not feeling like a 'must-do' after you get home to think on it, it might be better to rescind for now. I can see you getting caught up in the Disney bubble on the cruise and DVC at VGF sounding like the greatest place in the world at the time. But make sure you really want to do it before spending that kind of money (and don't forget the annual dues!)! Good luck with your decision!

 

[Helaman]

I third Intamin. If you are in doubt, back out. You can still go to Disney World when you want, but there is so much of the real world to see. I sense you know the right thing to do.

 

[smileyanna]

Agree with other posters. Canceling your purchase does not cancel Disney for you. You’ll still be able to go.
If DVC will prevent you from taking other vacations on your to-do list, that’s an opportunity cost. Even if you end up “paying more” for cash or rental rooms than DVC, you’ve given yourself the gift of flexibility. You won’t regret seeing more of the world.

 

[zavandor]

One simple rule: if you're in doubt cancel. NOW.
Then take your time to investigate DVC. It may take a few weeks or a few months. At the end you might discover DVC is for you and VGF is your ideal resort, but at the point you'll not have any doubt.
It took me 5 months reading this board daily to come to a decision and I'm very happy with it. Don't rush it.

 

[Tobuyornotbuy]

Thank you all for the very well thought out comments…that was quicker than I expected to fully turn the decision…. My partner was out the moment we got home and fully thought it through and logically yes I knew the right decision as well but second thoughts about going through as we do tend to go to Disney every year and usually do one other vacation as well. The thought of controlling hotel cost was nice but tough to swallow the upfront costs even with the incentives and the use of credit card travel points to even further reduce costs.. that would make it very close to buying resale that is why I was still hanging on. But we love the Beach club and that area and with that being said it’s better to keep doing what we are doing and just pay as we go

 

[intamin]

Agree with other posters. Canceling your purchase does not cancel Disney for you. You’ll still be able to go.
If DVC will prevent you from taking other vacations on your to-do list, that’s an opportunity cost. Even if you end up “paying more” for cash or rental rooms than DVC, you’ve given yourself the gift of flexibility. You won’t regret seeing more of the world.

This. For most people DVC isn't a good idea. I used to question why my parents didn't buy in when I was younger but I understand now. They weren't the type of people to go to Disney World every other year despite one of them being a CM nowadays. We probably only went once every 5 years if that. It didn't make sense for them. You can be a Disney fan without DVC.

Thank you all for the very well thought out comments…that was quicker than I expected to fully turn the decision…. My partner was out the moment we got home and fully thought it through and logically yes I knew the right decision as well but second thoughts about going through as we do tend to go to Disney every year and usually do one other vacation as well. The thought of controlling hotel cost was nice but tough to swallow the upfront costs even with the incentives and the use of credit card travel points to even further reduce costs.. that would make it very close to buying resale that is why I was still hanging on. But we love the Beach club and that area and with that being said it’s better to keep doing what we are doing and just pay as we go

If Beach Club is where you wanted to stay at, the only way to reliably do that is to own at Beach Club anyways since it's one of the smallest DVC resorts and needs to be booked within the 7-11 month window. VGF would not have gotten you in there at least consistently.

 

[crisi]

We bought when our kids were toddlers. We only bought points for an every other year trip - which allowed us to see a lot of other places and still go to Disney - but my kids outgrew Disney - particularly my son - at about the age of 12. My daughter didn't outgrow Disney, but outgrew time for Disney. And for both of them they'd rather take other trips. They are now young adults. We haven't been to Disney as a family in a decade - we still own our points but now use them to go to Hawaii or Hilton Head. We are pretty "Disney'd-out" on WDW as a vacation right now.

This is to say you could buy a small contract for every other year trips, and still go other places. Or you could just pay cash/rent points for the next few years until your kid gets to the point that doing other things is more attractive (or they have less time - it was activities and jobs that really impacted our vacations when the kids got to be teens.

 

[lilsonicfan]

You could always consider a resale contract if you did want to buy in. At a good enough price point it could be worthwhile for the trips you are going to take.

 

[Matty B13]

You can also just rent points from a BCV owner if that is where you want to stay.

 

[Tobuyornotbuy]

We bought when our kids were toddlers. We only bought points for an every other year trip - which allowed us to see a lot of other places and still go to Disney - but my kids outgrew Disney - particularly my son - at about the age of 12. My daughter didn't outgrow Disney, but outgrew time for Disney. And for both of them they'd rather take other trips. They are now young adults. We haven't been to Disney as a family in a decade - we still own our points but now use them to go to Hawaii or Hilton Head. We are pretty "Disney'd-out" on WDW as a vacation right now.

This is to say you could buy a small contract for every other year trips, and still go other places. Or you could just pay cash/rent points for the next few years until your kid gets to the point that doing other things is more attractive (or they have less time - it was activities and jobs that really impacted our vacations when the kids got to be teens.

We were only going to buy a small contract and liked the idea of the VGF because it is on the monorail and if we got to the point of tired of Disney it would be easier to rent out or resell with out as much of a loss…but again big pill to swallow up front

 

[intamin]

We were only going to buy a small contract and liked the idea of the VGF because it is on the monorail and if we got to the point of tired of Disney it would be easier to rent out or resell with out as much of a loss…but again big pill to swallow up front

There's an age old adage on here.. buy where you want to stay. You could do a small resale Beach Club contract. Beach Club expires in 2042 and it may actually be a good thing for you if it expires in 20 years vs. the full 40+ as with current actively selling resorts. Again though, if you're unsure whether or not you want to keep going to Disney I'd err on the side of caution and just rent/pay cash.

 

[RoseGold]

RESCIND. You can always stay at Dolphin, and DVC will be there a year or ten years from now. Buying DVC, especially direct is a big commitment of a lot of cash. Don't do it unless you mean it.

 

[AstroBlasters]

Just to state the counter points that Grand Floridian direct points are on a screamin deal right now and you may never be able to purchase points direct from Disney at this price again.

Also, you can always rent you points out in the future and take cash to go on other trips.

Additionally, you could use the points until your child is older and then sell the contact in the future. Depending on your incentives, you may be able to sell the contract for what you paid for it and then the only thing the rooms would have cost is the dues.

 

[reddog21]

Just to state the counter points that Grand Floridian direct points are on a screamin deal right now and you may never be able to purchase points direct from Disney at this price again.

Also, you can always rent you points out in the future and take cash to go on other trips.

Additionally, you could use the points until your child is older and then sell the contact in the future. Depending on your incentives, you may be able to sell the contract for what you paid for it and then the only thing the rooms would have cost is the dues.

I 100% agree, second guessing something doesn't mean you shouldn't buy something. I second guess purchasing absolutely everything I buy, that doesn't mean I shouldn't have bought it. Who cares what's going to happen in 40 years enjoy it for as long as you can. The more expensive DVC gets the more your going to find people want to rent your points so if you don't use it for a particular year just rent out your points.

This is also the assumption that your not pushing your family budget buying into DVC.

 

[Genie+]

This is a tough one. Waiting until you are near 100% sure you’re OK with the commitment is the right answer.

The thinking is DVC is always going to be there when you’re ready. True.

But there is a tiny window where I’d say buying now is better than waiting. Comes from my own experience and others sharing similar stories. DVC is always slowly changing and sometimes that means wishing you got in sooner. My regret (note: it’s only a small regret) is not buying when we were first interested because then our resale would be grandfathered to direct status and also the direct point minimum and prices were lower. And we ended up paying cash/renting many trips where the plunge likely would’ve saved money or accessed nicer rooms.

I first wanted absolute certainty we’d definitely be taking these WDW trips regardless of DVC and spending the same kind of money on rooms. We’re very happy the way it worked out anyway, getting VGF recently with these great direct incentives was very satisfying because it may be the last active direct WDW DVC we feel comfortable buying. This is where the tiny window comes in…

We can only speculate about DVC in the future. The resale restrictions concern me though. I felt best with VGF because there’s good reason it should hold strong value if we ever want to get out before 41yrs are up. For this price it seems a great value for unrestricted points with blue card that also doesn’t have the strict resale restrictions.

Maybe restrictions are undone or DVC makes other changes in the future that makes this matter less… can happen. Something just speaks to me saying VGF Summer 2023 Incentives is a fleeting opportunity -IF- you’re very close to pulling the DVC trigger. Then do it. But if you are far from knowing if DVC’s the right decision? Waiting is wise.

 

[smileyanna]

Who cares what's going to happen in 40 years

This is a funny argument in favor of buying DVC.

I understand what you are saying, but even if the OP can “afford” the upfront cost of DVC, it sounds like the purchase will make them think twice about non-Disney vacations. That’s a real downside that accrues immediately.

 

[sndral]

So we put a down payment for the VGF while on a cruise and are in the cool off period and having second thoughts… we like Disney and we like the deluxe resorts but we also want to see more of the world etc and not sure this is the right choice - our child is 9 so right now they love Disney….. the incentives on the cruise we good and if use some credit card points I can reduce my cost by another 5 to 10k and pay cash for the rest just not sure this is what we want to do for the next 40 years…. Or if the VGF is a good fit

VGF’s price right now is pretty compelling. Visiting WDW does not preclude ‘seeing more of the world.’ Indeed, if you plan to go to WDW annually + go other places as well, reducing the cost of your annual WDW vacations enables you to spend more of your travel budget on those other places long term.
WDW is an expensive vacation, accommodations are a subset of those expenses, if your budget only allows one expensive vacation a year & you don’t plan to go to WDW annually, or you’re happy economizing by staying in the budget resorts, or if you need to finance, then rescind. If, however, you prefer & can afford deluxe accommodations & have the cash to buy now, & plan to go every year anyway, then IME long term DVC reduced my WDW vacation costs which freed up money to spend on seeing more of the world.