unconvinced dh is back and it's not pretty

[TheRustyScupper]

People buy on emotion or logic. Occassionally on both.
You need to find things out.
(go on only if the answer to the preceeding question is yes)

Questions:
1) Will there be a WDW vacation every year or two years?
2) Will there be a big vacation elsewhere every one or two years?
3) Is the idea of a timeshare acceptable?
4) Is the price for the DVC timeshare reasonable?
5) Is the idea of no residual value a problem?

Possible objection answers to a "no" response:
1) Forget DVC. There is no way to overcome.
2) The II exchange abilities could be useful for other destinations.
3) If the answer is no, forget DVC.
4) See if another less expensive RCI timshare in Orlando is OK.
5) Try to buy a real-estate timeshare and not DVC.

By going through the question, you can find out where the objection really is. If you don't get straight-forward answers, forget the argument, as there is no firm objection to overcome. Afterall, maybe the problem isn't a timeshare, but being committed to WDW every year makes some people feel tied-down.

 

[KLR-wlv]

My husband was very reluctant when I wanted to buy. We went to HH and went to a sales presentation and before he had much time to start reading the contract (not a good thing for him to attempt...) we were signing. With young kids and living within a 7 hour drive to DW - I thought it was a no-brainer. I don't look at it as an investment. My husband got caught up with the expiration date - and if you are looking at it strictly as an "ownership" thing that becomes troubling. I look at is as 40 years of great vacations. We have stayed at 3 of the DVC properties since joining a little over a year ago and will be going again in Oct and Dec. They have been the best family vacations we've taken. And we get to take extended family and friends every now and then too. There is no way we'd be able to do any of that without joining.

Good luck!

 

[drusba]

Can't help you with the spouse. Can help on the stuff in the official documents. It is a lot of legalese and it is like stirring concrete with your eyes. However, if you read it all carefully , you will see Disney does not protect its own ____ as much as one might think. Take, for example, the termination issue you mention. After you finish reading everything you should understand that termination before 2042 can only occur in very limited circumstances, particularly: (a) the total destruction of the resort and it cannot be rebuilt (destruction is not enough; the inability to rebuild is also required); (b) 100% of the owners (meaning us) vote to terminate; (c) the property gets condemned and or taken over by the government through its powers of eminent domain; (d) the bankruptcy of the Disney entities; (e) 75% of the owners (meaning us) vote to kick out Disney as the management company (f) the termination of the lease of the property from the Disney parent to its subsidiary, DVD (and that termination can only occur before 2042 if one of the things mentioned above occurs). In other words, unless you believe one of the above will actually occur, don't be concerned about premature termination.

 

[Disney Doll]

MY DH looked at this every which way from Sunday when we bought into it in 1997 and he was unable to find anything that would have given him pause. A contract is always going to be scary...did you ever look at the papers you signed when you bought your house????? The bottom line is, if your DH is against the DVC, he's going to be able to find SOMETHING that will make it a negative.

 

[Tigger1]

It took me over a year to convince myself it was a good investment. I computed the amount I would pay if I were paying cash. Which is more than I can afford then I computed the cost that I would be paying per night if I owned DVC. This convinced me. It would be very hard to stay off site now. We get so much more.

I computed the cost for the 2 bedroom to be less than 2 studios at the all star. I have never stayed there, I am sure it is very nice but having 2 rooms together with a kitchen, living room, laundry ect is wonderful.

As far as all the clauses, I would think that all timeshares have those. I would doubt that Disney would ever exercise its rights to sell. It would upset to many of us.
Tigger

 

[dizfanz]

kathyg,

I renew my assurance that people buy on emotion. If anyone has trained under some of the top sales associates in the country, then I may bow to your opinion. But people buy on emotion, then support their deicision with logic. Do not argue with me on this. I have much experience and commission, which paid for my DVC purchase, to base this on. I know it sounds the same, but a legal cotract, which is logical, will not convince someone. The math or the money or "deal" will not convince someone, it is the experience that will. You have had to be at Disney, have a memory, taken a stroll on the boardwalk, slept in a hammock at the Poly. This is why you buy. Then you say well, this will save us $15,000 over the next 30 years. That's what you say to fall asleep at night, not what you say to yourself to convince you to buy. Two steps here, get it? Anyone who argues with me, but has bought DVC, only proves my point.

 

[Lars624]

dizfanz-
I couldn't agree more. I wanted the DVC so I would know that no matter what, I would always be going back! I'm one of those people who start planning what to do next year while I'm still enjoying this year's vacation. For me the DVC membership will be sort of like insurance.

 

[mapny]

kathyg,

One of the things to keep in mind when reading the Offering Circular is that things have to be described in the worst possible light. I am an attorney who used to write these types of documents and you have to state everything possible that can go wrong so that investors know the worst case scenario. It's hard not to get nervous when reading documents like that, but it helps to understand why it's written that way. Our only regret is that we didn't become members during our 1995 vacation!!

We have taken a WDW vacation the past four years - which we never would have done without being DVC members. We really like paying a set amount each month and then not having to worry about a large amount when we want to vacation. In between our WDW vacations, we have stayed twice in NYC using the Concierge Collection. We feel that we have gotten very good value for our purchase.

I see that you're from PA - the other nice thing is that there are many trading options in the Northeast, which may be more accessible in case you'd rather not travel to WDW.

Good luck!!!

 

[bongo59]

well tell your husband to read this ....I was him ...for 11 years......I almost bought OKW....I would have been member 22....I did not and refused 6 times over that timespan.....why now did we buy ......my wife saved the receipts for those trips and handed them to me while at wdw after our guide tour.......I spent 78 grand in 12 years.....enough to have ownedabout 1700 points at OKW in 1991........it is just simple math if you go once a year for 7-10 days.......

 

[BobH]

Find out what he wants to have as a vacation plan - whether it be a timeshare, a vacation home or just pay as you go and then compare that to DVC rather than simply punch holes in DVC.
I aree with the gentleman that says you buy on emotion and then justify your purchase but DVC is a good buy for what you risk in dollars. Good luck!