tour required?

[Sorbo78]

To buy into DVC, do you REALLY have to take the 1 hour sit-down meeting (which seem to only be available at Disney properties)? That's what one of the DVC barkers told us but we were on our way out of town.

I pretty much know all the info, so if I wanted to buy, couldn't I just call up and buy?

Thanks.

 

[Dman67]

To buy into DVC, do you REALLY have to take the 1 hour sit-down meeting (which seem to only be available at Disney properties)? That's what one of the DVC barkers told us but we were on our way out of town.

I pretty much know all the info, so if I wanted to buy, couldn't I just call up and buy?

Thanks.

Sure! But have you considered resales?

 

[disneynutz]

To buy into DVC, do you REALLY have to take the 1 hour sit-down meeting (which seem to only be available at Disney properties)? That's what one of the DVC barkers told us but we were on our way out of town.

I pretty much know all the info, so if I wanted to buy, couldn't I just call up and buy?

Thanks.

We've purchased resale and direct, both over the phone. Remember if you don't take the tour, you don't get the free ice cream.

 

[Dman67]

Remember if you don't take the tour, you don't get the free ice cream.

Nothing's ever really "free"...the cost of that "free" ice cream is hidden in the closing costs.

 

[Sorbo78]

No free ice cream? The deal is OFF!

Ha ha.

Okay, yeah, I just called DVC and the guy straightened me out. And gave me lots more to think about. Re-sale may be the way to go, since we may not want 150 points off the bat.

And now a new question: if you finance, are loans like car loans (i.e. 3-5 years)? Or longer? Or pretty much up to you in terms of length?

 

[TenThousandVolts]

We bought sight unseen, no tour, no ice cream... Just called 'em up and bought. Very simple process- I still feel like I missed something by not taking the tour. Maybe I can get my mom to take the tour on our next trip and I can tagalong for fun.

 

[Dman67]

And now a new question: if you finance, are loans like car loans (i.e. 3-5 years)? Or longer? Or pretty much up to you in terms of length?

Buying resale requires you to come up with your own financing, although you could use the financing offered by the Timeshare Store if you wanted. We, personally, used Capital One for our financing. This is an area that is totally up to you.

 

[hellerjw]

And now a new question: if you finance, are loans like car loans (i.e. 3-5 years)? Or longer? Or pretty much up to you in terms of length?

If you finance through Disney you can go out 10 years at 10.75%. I believe most of the resale sites can offer similar financing through 3rd parties. It would be an amortized loan like a mortgage at a fixed interest rate. Some small portion of the interest and property tax costs that make up the payments and dues are deductible for most people

Then there is always the home equity loan or HELOC, which would also give you the same tax benefits.

 

[LisaS]

Okay, yeah, I just called DVC and the guy straightened me out. And gave me lots more to think about. Re-sale may be the way to go, since we may not want 150 points off the bat.

Actually the minimum buy in directly from Disney is now 160 points.

 

[crisi]

Actually the minimum buy in directly from Disney is now 160 points.

And while its possible to buy small resales (people do it all the time), plan on it being pricier per point and taking a little longer to find. There aren't many resales out there for under 150 points. Call the resellers and let them know what you are looking for. A lot of small contracts never see the light of the websites.

 

[FishRFriendz]

Go for the tour, get the free ice cream and Disney Gift cards - we got one for each us DH/DD1/DD2 and myself! The kids love the babysitting area. If you are looking for resale call the Timeshare and talk to a person- we did the tour came home and wound up doing a resale after doing some research. (We actually just got notice we made it through ROFR )LOL with whichever you decide!

 

[maraki527]

no you do not have to take the tour. we didn't and just bought in january.

 

[rthutchens]

I'm thinking of buying resale, does it take very long? What kind of interest rates do they offer?