unsure

[iluvdizknee]

VERY VERY UNDECIDED..... My hubby and I are so confused about this. I ordered the dvd on the dvc, I hope that explains more.
I want to know how much a month.
Can you re sell
Just not sure......ugh!!!

 

[Granny]

It's not unusual to be undecided...sounds like you have a lot of questions about how DVC works, the financials, etc.

Do your homework, ask a lot of questions so when you are ready to talk to Disney you have a good background understanding of the DVC program.

Go to the FAQ's about DVC on this site...a great place to start. Here's the link http://www.wdwinfo.com/disney-vacation-club/faq.shtml


Then come back to this board and ask questions. You'll find that you get the best responses if you ask specific questions, and start a new thread for each one with the question subject in the title.

As for how much a month...well, there is the one time payment for points at a certain price per point, and then an annual maintenance fee at a rate per point. So how much depends on how many points you buy.

Can you resell....yes, you own the rights to the points until the contract expires (the year 2054 for Saratoga Springs Resort which is what Disney is now selling). You can sell those rights or will them to heirs, etc.

Come on back after digesting the FAQ's and you'll find plenty of people here willing to help with any question.

 

[debbiepump]

If you're that unsure, step back, take a breath and take some time to think about it all.

 

[abner1776]

I'm sorry to burst your bubble, but I did not find the DVD to be very informative. Yes, it does explain the basics of DVC, but it's more marketing glitz and as a tax accountant, I want....just the facts. I don't fault Disney cause part of their job is getting you into.." the Disney magic" and the DVD does exactly that.

For the "nuts and bolts" of DVC you need to read over the various threads that are posted here along with reading over the material on Allearsnet and Mousesavers. Then if you have questions, post them on these boards and you will get the straight answers without the glitz.

 

[Boas]

the DVD is "ok at best..." the book will help, but spend time reading the boards (this and others) and the WDW DVC site.

we found the is to ask A LOT of questions.

good luck.

 

[dianeschlicht]

To answer one of your questions, yes you can resell, and unlike most timeshares, DVC retains it's value on the resale market.

 

[zalansky]

We were unsure too, as a matter of fact we bought at SSR after touring in 2004 and then I had buyers remorse because I didn't know near enough about DVC and it was a big investment for us at that time. We cancelled our contract.
DVC had a promo going in February that was too good to pass up and we were in better financial condition, so we took the plunge again and bought 200 points at SSR. This time around I was very excited becaise I felt I knew as much as I needed to know about DVC. Plus we put a good chunk of $ down.
Like everyone else said, do your research. Ask questions. Tour SSR next time you're in Disney, if you can wait that long! But if you love Disney and like to visit every year and stay in deluxe resorts...DVC could definitely be for you.

 

[browniemtb]

The DVD doesn't really give you any real ownership info. It will show you the resorts and rooms etc.
As far a payments....you can finance through Disney if you wish and the amount per month would depend on how many points you purchase. Reselling is allowed...there is also renting or transferring unused points.
There are a lot of ins and out that the members here on this board are really helpful. They helped me through my decision making process and we haven't looked back.
Just make sure its right for you......travel wise......
Brownie

 

[JimMIA]

The only thing you will get from Disney is marketing information. Their job is to SELL you DVC, and in particular, to sell you SSR.

They are going to give you the info they want you to have, spin it the way they want you to think, and give you the answers they think you want to hear. That's their job, and they are good at it. They will rarely lie to you, but they most certainly will only present their side of the picture. They're sales people, and they're just like any other sales person -- their job is to sell what they were hired to sell.

You will get a lot more in-depth information, and a lot more balanced information, here than you will get from Disney. DVC is a great program, but it's complicated and it's not for everyone. Take your time, do your homework, and never hesitate to ask questions here.

Good luck.

 

[hoopsrob]

One other thing you should know is that your interest in DVC is in effectively a lease. You really don't 'own' anything. You can re-sell your interest as long as there is time remaining on your contract, but you don't own real property.

At the end of the contract period, it all goes back to Disney.

By the way, I don't necessarily think that is a negative. It's just different than some other timeshares and you should go into it knowing all of the facts.

Good luck with your decision!

 

[iluvdizknee]

Thanks so much for all the advice. My family and I love WDW. We stay at the values, which we LOVE. We have stayed at the Mod's, and really found no big deal about them. My thought about the DVC is that room you stay in. We are not really that into staying in a LUXURY suite, or a fancy room, we just need somewhere to sleep and shower.
If this is all the hoopla about the DVC, then maybe it is not for me. BUT....if there are real discounts involved on park hoppers, etc...then maybe!

I really need to look into this. My kids are 16 and 12....college coming up soon, driving,,,etc. I am going to read up more...I will be back for more questions...thanks all

 

[rinkwide]

...We stay at the values, which we LOVE...

Here's how you're going to save yourself 15 grand: Every time you pass a giant Coke cup (or fire hydrant, or cowboy boot, can of Play-Doh, football helmet, Big Wheel, dalmatian, etc.) you and your husband simply look at each other and say "welcome home".

 

[Lynne M]

DVC is not about discounts. We get a few, but they're certainly no reason to buy into DVC, and none of them are guaranteed to be permanent. The only significant one, IMO, is $100 off AP's. There are no discounts on other types of park tickets. It really is about the bigger, nicer resort rooms.

DVC is Disney's version of a timeshare. You'd be buying an interest in one of the DVC resorts. For your money, you get a certain number of points, which you use to 'pay' for a stay in one of the DVC resorts (amount of points per night differs, based on the resort, the room size, and the time of year). You can't use your points to pay for tickets, meals, etc.

The best way to look at it is as a way to pre-pay for your lodgings for the next 40-50 years (I forget what the exact number is). The DVC resorts offer studios (like a deluxe resort room with a kitchenette), one bedroom and two bedroom villas. BWV, OKW and SSR have grand villas, which have 3 bedrooms and sleep 12.

If you're very happy in a room at the values, and don't care for the moderates or deluxes, I'm not at all sure DVC is for you. If you compare the cost of DVC to a comparable number of years staying in values, you're never going to break even, let alone save any money. You'll certainly end up spending more than you do now.

The way I look at (and use) DVC is as a way to stay in deluxe (and better) accomodations, for about the price per night you'd pay at a moderate.

Sorry...

 

[Buckalew11]

Your last post makes me think twice about how much you are a candidate for DVC ownership. There are some perks but they are not a guarantee.

I don't mean to sound like a hotel snob, I'm not. I have stayed at the value resorts many times and loved almost every time. I can be happy staying in every and any proerty on WDW. BUT, we go quite often and the more we go, the slower pace we go so we are now interested in more than a place to shower and sleep.

If I wasn't interested in the accomodations, I probably would skip DVC.

 

[Granny]

Thanks so much for all the advice. My family and I love WDW. We stay at the values, which we LOVE. We have stayed at the Mod's, and really found no big deal about them. My thought about the DVC is that room you stay in. We are not really that into staying in a LUXURY suite, or a fancy room, we just need somewhere to sleep and shower.
If this is all the hoopla about the DVC, then maybe it is not for me. BUT....if there are real discounts involved on park hoppers, etc...then maybe!

Based on this, I would say that Disney is almost definitely not a good idea for you.

First of all, if you love the value resorts, you will be able to stay there less expensively over the years than a DVC resort. Especially if you purchase Annual Passes and get the good discounts, or avail yourself to other room discount codes.

Secondly, while DVC does have some perks and discounts, none of them are guaranteed for the duration of the contract. Right now, there is the DVC AP discount of $100. But we've seen discounts added, changed and discontinued through the first 15 years of DVC. I would never base a decision to purchase DVC on the perks....they are just bonus items that may or may not be there in the future.

If you are just "looking for somewhere to sleep and shower", then I'd say that DVC is not a good idea for you. Someone else might point out ways you can stay in studios and maybe make DVC pay off, but DVC for us was a vacation accommodation upgrade, which you don't seem to be interested in.

Good luck!

 

[iluvdizknee]

Well I believe that you all answered my most important concern about DVC. Like I thought, it is all about the room. My family and I are very happy being on Disney Property in a value. As far as using the points for different vacatioins other that disney, I believe you can get great packages and deals for almost anywhere.
Thanks soooo much again. These boards are wonderful!

Now I just have to figure out is the DP is worth it for our next visit or not .....whewwwww

 

[browniemtb]

Now I just have to figure out is the DP is worth it for our next visit or not .....whewwwww

If you have kids and do any character dining then the dining plan is definitely worth it.

Brownie

 

[iluvdizknee]

We just got back from a 11 night trip. The dining plan we think would be great next trip since our kids are older and enjoy eating at more fancier places than when they were younger. The only draw back is it is soooo much food..... Well....our next trip will not be for another 2-3 years so we have time to think about the dining plan.....

 

[vascubaguy]

I just wanted to throw out a different perspective...

I'm one of those that was always looking for the best deal on where to stay. I "wasn't" a resort snob and didn't mind staying at ASMo... I wasn't thrilled with it, but it was satisfactory for the price; however, I was still paying $70-90 per night at the All-stars.

Well, I started checking into DVC, specifically looking on here and inquiring about the resale market. I did quite a bit of number crunching and realized that it would only cost me 40 points at OKW to stay in a studio. Well I had figured that the "overall" cost of the points would be about $6 per point (including maintenance fees). Ok, so 5 nights at OKW for $240... $48 per night... so I got to thinking.... yeah it's a bit of an upfront investment, but we go every year (sometimes twice a year), in the long run it saves if I always stay in a studio - even compared to the values. However, I can stay in a deluxe instead!

Of course, you could also rent those points from a member and get a week at OKW for $400 a week and save that upfront expense. $80 per night for OKW is still a great deal!

Anyway, I just thought I'd throw out another viewpoint. If you are content with the values and always get good rates, like to stay over weekends, then you are probably better off without DVC.

But, remember how I said I wasn't really a hotel snob... yeah, not so much anymore. DVC ruined me on that...

 

[Lynne M]

vascubaguy, you made a good point - sometimes you don't know what you're missing!

Iluvdizknee, if you really want to see what DVC is all about, think about renting points from a member for your next trip. Just for a few nights. Make sure you get at least a 1br or 2br villa. You'll have the living room, a full kitchen, your own washer and dryer and more space than you could imagine, if you're used to the values.

Who knows, you may get hooked!