Thinking of buying into DVC @ copper creek

[jeepwreck]

we are at Disney world right now and this morning we meet up and had our DVC open house meeting and we are looking at 75 points at copper creek

My wife seems to be really into the idea but I am just not sure it seems like a big commitment and price up front and then the annual fees

and now after read a few threads about direct vs resale I am not sure which one will be the best fit for us
I have read about about buying direct first is good because then you get some benefits and if needed you can then by resale to add onto your points

At 75 points every two years will give us enough for a week stay at curtain resorts and they said if we do it before we leave they will give us 75 extra banked points from last year which we can then carry on to our next vacation

We live in canada and do come down to Disney every few years so this will help save us money on the overall Disney package price we pay every few years and that the fact that you can use it over in Disneyland works becaus that is very close to us complained to Florida

Is this a great deal if we go direct or should we looked at resale and do you still get the DVC benefits if we buy resale

We also have a 4 year old and may have more so we will be coming to Disney for a long time now and the fact that we can us the points at other places and cruises seems great to us

 

[Ben E N]

Your odds of getting into Disneyland are very low at their DVC resort, so do not include that in your price assumption.
As for if it is worth it or not, that is entirely up to you. DVC ownership at all is the first decision to make, followed by how many points you want, and then at what home resort. If your answers were "absolutely, 75 points sounds just about right, and CCV for sure" then you made the right call. If you are uncertain about any of those three, though, I would recommend stepping back and looking things over before locking into any contract.

No DVC 'perks' if you go only resale, but you are still a full DVC owner.
Oh, and don't use those points for anything except DVC. The exchange rate is awful.

 

[Amanda&Mike]

Looking at your signature it seems like you visit DL more than WDW. You might want to look into buying VGC via resale if thats the case. Also, if you left without buying and later decided you wanted to buy direct you would still be entitled to the 2017 UY points so long as you were still within 2017 for that UY (if you picked a FEB or MAR UY you would not get 2017 points)

 

[jeepwreck]

Your odds of getting into Disneyland are very low at their DVC resort, so do not include that in your price assumption.
As for if it is worth it or not, that is entirely up to you. DVC ownership at all is the first decision to make, followed by how many points you want, and then at what home resort. If your answers were "absolutely, 75 points sounds just about right, and CCV for sure" then you made the right call. If you are uncertain about any of those three, though, I would recommend stepping back and looking things over before locking into any contract.

No DVC 'perks' if you go only resale, but you are still a full DVC owner.
Oh, and don't use those points for anything except DVC. The exchange rate is awful.

Yes we believe the 75 points will work for now

the only thing is that since we are in canada they said that means we are unable to buy it later at the later date unless we come back down and do it through disey them selves

 

[wnielsen1]

Only buy CCV if that is where you want your home resort. If you would prefer anything else, then buy resale for that specific resort.

 

[jeepwreck]

However if we buy resale we don’t get any of the DVC perks and we can’t use our points world wide right or am I misunderstanding

We were told we can use our points at a ski resort near us and if we buy resale we would be unable to use our points there

(And we do WDW more as a family, I went to Disneyland a lot while growing up)

 

[_auroraborealis_]

Coming every other year, 99% of the "DVC benefits!" for members will have zero value for you. I would shelve any consideration of member benefits in your process. A 75 point contract is nearly worthless for the "member-only" exchange "benefits" (cruises, Disneyland hotels that are not VGC), as they are very expensive and 75 points won't get even one of you on a cruise.

Resale WILL allow you to exchange into RCI, including the ski resort you reference most likely, but it's a poor use of DVC points and you can get timeshares that would book that practically free.

Questions to ask yourself:

• Can you plan your trips 11 months in advance, or no later than 7 months?
• Do you travel to Disney World every other year?
• Is there a specific resort you hope to book more often than any other?
• What season do you typically travel in? (If fall, owning Copper Creek hoping for a studio may be problematic in as few as 3 years, as there aren't many of them and there are economic issues relative to points vs. units there).
• Have you calculated the monthly payment including interest and dues?

I think you should do a lot more research.

 

[jeepwreck]

What does RCI stand for?

We do plan far in advance
We come to WDW every 2-3 Years
We usually stay at one or two resorts
We travel in Nov or Feb
We have calculated payments

We decided on copper creek as it is the newest and we would get the 50 Years out of it compared to ones built a while ago.
As our family grows we were thinking of adding more points and Caribbean Beach would be my wife’s favourite

 

[pineapplepalms]

We bought CCV direct after several months of research on these boards and also stayed at CCV in a 1BR before buying. We absolutely loved it for many reasons and were happy to buy direct points there since resale wouldn't be worth it for a while. We then bought the majority of our points resale since financially that makes more sense for the older resorts.

I agree with others that you should only buy CCV if you want it as your home resort, and for other home resorts only buy direct (or at least 75 of your points direct) if you care about the direct perks which can change at any time. One of the valuable perks right now is the AP discount, but that may not be worth it for you if you're not going often enough to utilize it. Exchanging DVC points for non-DVC resorts or cruises tends to be a very expensive use of points and usually not worth it. Also be sure to select a good UY for your travel plans if possible. My understanding is that you could buy resale if you are in Canada (others please correct me if I am wrong), and if you would like to use DVC at VGC it is best to own there. It is such a small resort that availability is super limited. We've found we can try to piece together short last minute trips at VGC since we are within driving distance and can grab nights that show up when others cancel. However, this approach won't work for everyone, especially if you have to fly.

If you feel comfortable with how DVC works and want to buy CCV specifically now, and the financial outlay has been well considered, then it can be a great decision for your family. If you're not entirely sure, research research research is your friend.

 

[JETSDAD]

It depends what province you are from with regards to having to buy while in Florida (and for resale it doesn't matter at all).
They aren't giving you anything extra with the 2nd year of points, they are just giving you the current UY as they are required to.
If you want to stay at CCV then go for it. If you're more likely to go to DL or prefer staying at a different resort then I'd recommend looking into the other options available. It just depends on your preference.

 

[disneynutz]

In your case I would rent a DVC reservation from an owner to save some money, not buy unless your vacation pattern changes.

Bill

 

[miTnosnhoJ]

My only concern with your plan for CCV is that you are only going every 2-3 years. You will really need to understand banking and borrowing. If you are totally in control of your schedule, you can plan ahead, and would rarely have to cancel, it might still work for you.

If you go every two years, let's say you have 150 points to use (banking 2017 use year points, and adding 2018 points, say.) Then you would Bank the 2019UY points and add them to your 2020 points to have 150 points to use in 2020 use year. The problem comes if you have to cancel a trip. Once you bank the points into the following use year, you can't bank them again, and you cannot return them to the original UY. So if you ever had to cancel, you would have to scramble to book another vacation that same year so you would not lose the 75 points. If you choose the right Use Year for your travel habits, you might have several months in which to do this, so choose wisely on UY.

It gets worse if you only go every three years. You would bank, say, the 2017 points, add the 2018 points, and borrow the 2019 points for a total of 225 points. But if you have to cancel, you would risk losing the 150 banked and borrowed points unless you were able to reschedule a trip during the 2018 use year.

Going every three years also means that it takes much longer to break even, because of the time value of money.

Going every three years, I would consider just booking a hotel room and looking for a good price. Then you have ultimate flexibility if you need to cancel, reschedule, etc.

DVC has been really good for my family, but we are in driving distance, and we usually go twice a year.

 

[DisneynBison]

If you have not researched it what do you feel you would get by being hurried into a snap decision that you could not get at another time????

 

[KAT4DISNEY]

DVC can help to save money over staying at WDW deluxe resorts and if you visit every year or every other year consistently. When you start mentioning every 3 years then you are getting into territory if stranded points and savings going down the tubes.

If Disneyland is your main focus you would want to own at VGC and that will be a resale purchase. You would be able to do that from home. DVC just can't sell direct to some of the Canadian providence.

Guides also tout the trades when your not necessarily the best candidate for DVC because of visiting the parks less frequently. However DVC is a very expensive way to own to trade into other places. So far from the things you list it doesn't necessarily sound like DVC is an ideal product. I'd suggest you just wait and do some more investigating. They haven't offered you anything that you couldn't get the next time you visit either WDW or DL if you decide after more investigation it would be beneficial for you.

 

[jeepwreck]

I guess I made it sound like we go to Disneyland a lot, I just meant it’s nice it could be used there.
We want to buy for sure, not sure if that came across. We’re just not sure if direct is better than resale. If we had DVC we would be able to come every two years, the three was mostly due to cost. We liked the idea of using points locally in case we had a small amount remaining that needed to be used.
We were just told in our province we can’t buy once we’re home, it needs to be while we’re down here

 

[LYSE]

Your answer is likely go resale, if you have points remaining you are better off renting them out than you are exchanging them at a horrible rate.

 

[jeepwreck]

Thank you for all the responses, I guess I’ll be reading about renting out

 

[KAT4DISNEY]

I guess I made it sound like we go to Disneyland a lot, I just meant it’s nice it could be used there.
We want to buy for sure, not sure if that came across. We’re just not sure if direct is better than resale. If we had DVC we would be able to come every two years, the three was mostly due to cost. We liked the idea of using points locally in case we had a small amount remaining that needed to be used.
We were just told in our province we can’t buy once we’re home, it needs to be while we’re down here

Ok, a little different than I understood. A couple things. A few points will get you no where for an exchange out. Marketing makes it sound better than it is. Also, resale buyers can trade out to a couple of options with the biggest being RCI. That is possibly the same route they were referencing with direct points too. I'd recommend resale to start as it doesn't sound like you want CCV because you love it and don't want to stay anywhere else. It also gives you time to research DVC more and all the resorts and prices of them resale as well as the dues for each. CCV has high dues although lower point requirements. But you can get DVC much cheaper resale. They play upon the great time your having and have added pressure for you because of location. But you can buy resale at home.

Good luck!

 

[Matty B13]

Also, you can buy resale in Canada in your Providence. Just not direct. Might make your decision easier.

I second renting points out at a few resorts first.

 

[rg35]

I guess I made it sound like we go to Disneyland a lot,

Your signature indicates 13 DL trips vs. 6 for WDW, so I think that's where people gleaned that from.

DVC will be there next year and the year after. Return from your trip and give it serious thought and research. While on vacation on that emotional high is not the best time to decide on a major financial decision like this.