Second Thoughts…….in cool off period

[Tobuyornotbuy]

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.

We would not be pushing the budget it’s the whole future value of a dollar question

 

[RoseGold]

We would not be pushing the budget it’s the whole future value of a dollar question

Then VGF is an even worse idea.

Sure, if you were here with a resale $94 SSR contract, how badly can it go? You sell it in a couple years. Maybe you're out a few grand.

But you are talking about five figures to buy direct -- in a financial environment that should be raking in money if you have cash. Future value of money matters a lot right now. IMO, tying up five figures matters. Heck, you might be able to pay for Dolphin just off that and you still have the cash.

DVC will keep going. VGF is not the end. The only DVC prediction that hasn't come true yet is Yacht Club, and a cheap flip over there is definitely possible.

 

[Tobuyornotbuy]

Then VGF is an even worse idea.

Sure, if you were here with a resale $94 SSR contract, how badly can it go? You sell it in a couple years. Maybe you're out a few grand.

But you are talking about five figures to buy direct -- in a financial environment that should be raking in money if you have cash. Future value of money matters a lot right now. IMO, tying up five figures matters. Heck, you might be able to pay for Dolphin just off that and you still have the cash.

The only DVC prediction that hasn't come true yet is Yacht Club, and a cheap flip over there is definitely possible.

This is true…. That’s why the second thoughts but as a side note I travel a lot for work and we generally stay at the Swan anyway as I have marriott status…..

 

[🍀TwinsMom]

If I might make a suggestion, definitely rescind VGF, but a Beach Club resale may be great for you. You could look for a 50-100-point contract and bank/borrow for larger/longer trips, and it might be nice to know it's ending in 19 years. Your child will be a young adult who may have "aged out" of WDW by then, dues go away, and you're out in contract price what you'd have spent out of pocket on a couple trips anyway. I wouldn't count on renting Beach Club -- owners use their points there it seems, so that's a risky hope, IMO.

 

[grahf1234]

I'm days away from signing, so almost in your shoes, and wonder if I'd end up doing the same thing you're about to do within a few days. Like reality wouldn't hit until I sign on the dotted line.

My fear is not that I or my spouse would get bored and want to go somewhere else, since we've been doing the same annual/biannual visits for some time. What worries me sometimes is that my little girls would turn rogue once they become teens, like I did! I know that I made a couple of trips not very pleasant growing up since I felt I was too old for kiddie disney, and it would only be fair that my kids put me through some of what I put my parents and siblings through...
On the other hand though, maybe I'd regret not taking advantage of these deals 10 years from now where kids are well into their teens and turn out to be exemplary disney fans

 

[tom1944]

Just know it does not get any easier when it comes time to buy your next contract.


And it is more than likely that you will at least have a "next contract" under consideration.

 

[Tobuyornotbuy]

I'm days away from signing, so almost in your shoes, and wonder if I'd end up doing the same thing you're about to do within a few days. Like reality wouldn't hit until I sign on the dotted line.

My fear is not that I or my spouse would get bored and want to go somewhere else, since we've been doing the same annual/biannual visits for some time. What worries me sometimes is that my little girls would turn rogue once they become teens, like I did! I know that I made a couple of trips not very pleasant growing up since I felt I was too old for kiddie disney, and it would only be fair that my kids put me through some of what I put my parents and siblings through...
On the other hand though, maybe I'd regret not taking advantage of these deals 10 years from now where kids are well into their teens and turn out to be exemplary disney fans

Good luck with your decision

 

[reddog21]

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.

We love Disney however I don't necessarily know if I want to go every year for the next 40 years. Honestly I don't really care about the money spent(I definitely don't have a scrooge mcduck money vault in my back yard). If I choose to go on a different vacation that's not DVC and I for some reason I can't sell my points that year.....oh well it won't stop me from booking a non dvc vacation. . If I add up all the things thru out the year that I wasted my money on, it's going to be far more than DVC points left on the table.

 

[intamin]

I'm days away from signing, so almost in your shoes, and wonder if I'd end up doing the same thing you're about to do within a few days. Like reality wouldn't hit until I sign on the dotted line.

My fear is not that I or my spouse would get bored and want to go somewhere else, since we've been doing the same annual/biannual visits for some time. What worries me sometimes is that my little girls would turn rogue once they become teens, like I did! I know that I made a couple of trips not very pleasant growing up since I felt I was too old for kiddie disney, and it would only be fair that my kids put me through some of what I put my parents and siblings through...
On the other hand though, maybe I'd regret not taking advantage of these deals 10 years from now where kids are well into their teens and turn out to be exemplary disney fans

I wouldn’t base your purchase on what your kids may or may not be into down the line. The question is do YOU want to keep going to Disney World? For my fiancee and I, we really don’t care if our kids like it or not. We want to go. Don’t wanna go? You can stay home with grandma and we’ll take you on another family trip instead. But seriously, don’t buy it for your kids, buy it for you.

 

[🍀TwinsMom]

Hear, hear! We plan to give our kids each a contract as part of our estate plan, but they're 9 and 10 right now. If, after 20 years, we're retired and they're not into it, more points for us to use as snowbirds.

 

[AstroBlasters]

First and foremost, I completely agree that DVC is a luxury purchase and you should only buy if you can comfortably afford it and feel good about it.

But, for fun I am going to continue to play devils advocate in case you are the type that has buyers remorse over every large decision you make and this is just part of your buying process:

I don’t understand the “future vale of a dollar” concern. I’m in finance, so I understand math and money… just not the specifics of your concern.

VGF direct is basically the same price as VGF resale now and it should hold its value because it has access to other resorts if you decide to sell in the future. (ie you are not locked in for 40 years). If you bought it on a cruise, it’s probably even better than what others are getting. No guarantees of course.

Also, save the points you would have used at Swan and Dolphin for other destinations.

Would you save money by getting a discounted annual pass and scheduling two annual trips within the pass year? How about the 10% off dining and merch?

 

[grahf1234]

I wouldn’t base your purchase on what your kids may or may not be into down the line. The question is do YOU want to keep going to Disney World? For my fiancee and I, we really don’t care if our kids like it or not. We want to go. Don’t wanna go? You can stay home with grandma and we’ll take you on another family trip instead. But seriously, don’t buy it for your kids, buy it for you.

Received a similar treatments when I pouted one time, but was left at hotel room. Somehow that felt better than going to the parks to teen me..

 

[zavandor]

VGF direct is basically the same price as VGF resale now and it should hold its value because it has access to other resorts if you decide to sell in the future. (ie you are not locked in for 40 years).

To clarify this.
If you buy direct VGF you have access to all resorts, present and future.
If you buy VGF resale, you don't have access to Riviera, VDH and probably all future resorts.
But if you resale, who buys it from you will only have access to unrestricted resorts, regardless of how you bought it. So the resale value of a contract is not influenced by the way it was purchased. So the access to other resorts in this sentence means access to unrestricted resorts. While Riviera resale has access to only Riviera. There is concern that in 2042, when BWV, BCV, BCV, HHI and VB drop out of the unrestricted list, all resale prices will drop.
The nice thing at the moment is that if you want VGF as a home resort, then you can buy direct for a similar price as direct. However, that price is still very high! If you don't specifically want VGF, spending the extra money for that specific resort, compared to some alternatives, might not be the best option.
Also, consider that buy in is not the only thing to consider. VGF is the priciest resort, point charts wise. It takes more points than any other to book rooms there. So to stay a week you have to buy more points.

 

[intamin]

Received a similar treatments when I pouted one time, but was left at hotel room. Somehow that felt better than going to the parks to teen me..

Just goes to show the feelings of a hormonal teenager change with the wind..

 

[Lord Manhammer]

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

It sounds like you're making the right choice. We've debated about this as well but as my wife isn't a huge fan, I go every year but just for a Weekend, and most of our travel is international - it just wasn't for us. And if it's not good for you, that's ok.

 

[odouglass]

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.

This is where my mind is while we are in the cooling down period too. We have a few days left but I still lean towards this being the right thing for us.

 

[RichVIII]

Many great opinions. As others stated, the deal for VGF is pretty awesome at the moment for direct points. That said, BCV is tougher and tougher at 7 months. I would rescind and look to buy resale if that’s where you really want to go. That said, what does BCV or even cash Yacht Club going to run if you go every year - the math starts to make more sense. Look my wife was afraid we wouldn’t go other places and we have done Aulani twice now, Hilton Head and feel comfortable renting out points if we can’t or don’t want to go. We never have spare points. We went to AU/NZ this year. I think there is more flexibility than most in terms of other travel and recouping costs. If you purchased on a cruise - you have already invested in Disney.

 

[aceshigh73]

Just want to add, you were on a disney cruise....
You sat with a guide at said Disney cruise and purchased a DVC membership.

Are you sure you arent just getting cold feet? And are worried about long term decisions?

I overthink EVERYTHING, and just about every morning after a considerable purchase i wake up and start freaking out about "what ifs" and if i really wanted to do this, etc.

Take another day and think about why you purchased. If you cant come up with any good reasons, or if you forgot about "such and such future expense", or it will crush you financially, then definitely rescind.

Good luck with your decision.

 

[AstroBlasters]

To clarify this.
If you buy direct VGF you have access to all resorts, present and future.
If you buy VGF resale, you don't have access to Riviera, VDH and probably all future resorts.
But if you resale, who buys it from you will only have access to unrestricted resorts, regardless of how you bought it. So the resale value of a contract is not influenced by the way it was purchased. So the access to other resorts in this sentence means access to unrestricted resorts. While Riviera resale has access to only Riviera. There is concern that in 2042, when BWV, BCV, BCV, HHI and VB drop out of the unrestricted list, all resale prices will drop.
The nice thing at the moment is that if you want VGF as a home resort, then you can buy direct for a similar price as direct. However, that price is still very high! If you don't specifically want VGF, spending the extra money for that specific resort, compared to some alternatives, might not be the best option.
Also, consider that buy in is not the only thing to consider. VGF is the priciest resort, point charts wise. It takes more points than any other to book rooms there. So to stay a week you have to buy more points.

1) It’s hard to read long posts without paragraphs or spacing.
2) Future DVC resorts will likely come with resale restrictions if they are sold, so VGF may well be the last direct resort you can buy at WDW without those resale restrictions. This matters if you only want to use the contract for ~10 years and then sell. A very low risk bet that they could buy for $166pp after incentives and then sell it for $166pp 10ish years for now as long as it’s not during a recession.
3) The VGF dues are very low and the points can be used at any resort. This helps with your point chart concern if you want to try to stay at different resorts over time.
4) The OP stated they like to stay at deluxe resorts as opposed to trying to use DVC to “stay deluxe for the price of a moderate”. That is a different value proposition if they are already paying deluxe pricing.
5) The OP was on a Disney Cruise… so they are obviously “Disney people”.

 

[Tobuyornotbuy]

Just want to add, you were on a disney cruise....
You sat with a guide at said Disney cruise and purchased a DVC membership.

Are you sure you arent just getting cold feet? And are worried about long term decisions?

I overthink EVERYTHING, and just about every morning after a considerable purchase i wake up and start freaking out about "what ifs" and if i really wanted to do this, etc.

Take another day and think about why you purchased. If you cant come up with any good reasons, or if you forgot about "such and such future expense", or it will crush you financially, then definitely rescind.

Good luck with your decision.

Thank you for the input- we are fortunate and travel frequently- i am in, my partner on the other hand is not sold- we prefer the Beachclub area but the swan or dolphin is an option in that area as well at a fraction of the cost which is where the hesitancy comes from- I have been researching and listened to my first dvc pitch in 2017 just didn’t care for the resorts being offered at that time and the incentives weren’t great. I like the idea of the VGF for being on the monorail But I am just trying to work the math where it works - 40 years of dues is a lot but then I look at what we spend on vacation especially this year and we still have a November Disney trip booked…..financially it will not break me but I look at well if I took that money and put in some investments instead it would more than cover the costs of future vacations….. but then I remember that today is called the present for a reason….