tempted to buy in, but is it worth it?

[Deb & Bill]

Buy it

Save your money.

 

[crisi]

But we also see posts like this (from another website):

*****
"Help!! Desperate!!

"We can no longer to pay our timeshare loan... We simply cannot do it!! And of course, no one is going to assume our loan, and we can't sell it for $Xk and still owe $XXk!

"Will ***** do anything to bargain and get out of paying for a foreclosure?? Cut the interest in half?? Cut the principle in half?? Buy it back??

"Otherwise, have YOU gone through a foreclosure for a timeshare you couldn't afford?? Personal advice and stories about what **** did to you (and how long this ruined your credit for) would be greatly appreciated."
*****

That quote is NOT about DVC. It sort of goes downhill from there, so I'll spare you.

I think all of us are happy to hear someone really thinking things through and deciding "this moment in time is just not the time." DVC will be here when you are ready.

We've seen our share of those posts here in the past four years.

The other thing to keep in mind is that not only is it a lot of money up front, its a commitment to making those trips regularly. Even when money is tight you have points to use (you can rent them, or give them to friends - but a lot of people just make a trip when money is tight). And Disney is expensive for most of us - park tickets, transportation, food. There are a few disciplined souls who - when money is tight (and sometimes just for fun) go to Disney, cook in the room, and hang at the pool - in which case a timeshare can be a pretty good value (especially if WDW is a drivable destination).

 

[Judique]

Save your money.

Save it for what?

 

[Carl'n'Ellie'sDad]

Save it for what?

To paper your walls after the hyperinflation hits ...

 

[kendzee94]

We've owned for 5 years now and I can say that I am glad that we bought in. We added on once directly and once resale (prior to the new rules). With that said, for us, it is worth it. Has it saved us money? At this time, I think not. The reason is that we now go 2-3 times per year now vs once a year in a moderate (pre DVC ownership).

For us, I would not pay out of pocket prices for 1br or 2br at any of the resorts including DVC. It seems more of a "bargain" as I have prepaid all of my money (except yearly dues) upfront. I liked being able to plan an impromptu trip for us and another couple for one night at the Disneyland Hotel in May. I love my, yes, MY THV's (yes I know I share with thousands of my closest neighbors). I love staying in a 1br over a hotel room any day and not feeling guilty of the price.

We've never used our points outside DVC/Disneyland yet. Looking at possibly using points for a DCL cruise next year, but I'm trying to see if I really want to use that many points for it!) If you really don't think you'll stay elsewhere, then maybe resale is for you. If you think you will want to stay elsewhere and not travel to WDW or DL at least biyearly, buy direct. Seeing how low the resale prices are now makes it so tempting to buy in.

Also, look at the pie chart floating around these boards about use year and pick wisely. We have an April use year and it was VERY difficult and took 4 months to find a non stripped resale contract for my resort and UY.