Would I be a good candidate to buy into DVC?

[Liljam]

I think financing is actually a wonderful option for those of us who can afford to make the monthly payment, but would otherwise take years to save 20k I financed my purchase mainly because it is something that I really wanted but I know myself well enough to know I just won't save money! In the long run, I know that I'll pay more monthly than required, but man, I need a lesson in saving! As for the dues, I think they're easier to just pay one time a year. If you can save enough to buy your DVC out right, more power to ya though - that would be the ultimate way to go.

 

[DisDaydreamer]

My personal opinion is that if you have to borrow money to buy a DVC, then you should not do it. DVC is a luxury (big time), not a necessity. I feel that you should only borrow money for a house (you have to live somewhere), a car (you need to get to work), and an education (to get a better job).

The cost of buying a DVC, it is pretty much equivalent to the cost of staying at a moderate Disney resort once a year. That is if you pay cash. Borrowing the money makes it more expensive.

Some people like to call a DVC an investment. It is not (unless you rent it regularly). It is a hedge against inflation (and yes, you can lose money hedging). You might be able to make some money in the short term due to inflation and Disney's ROFR (which is tied to supply and demand), but in the long term the value of a DVC will go to zero.

We purchased in 1998 and financed it. We could not afford to pay cash at that time. We made the right decision for us because we have had many wonderful vacations.

We are making our last payment next year. We bought at $65 and could now sell at $90. It is a double hedged sword, because while you wait... inflation pushes the cost that much higher and at the same time you are missing out on appreciation. If you are a disciplined at not over extending, I think it is fine to finance.

 

[RoyalCinderella]

Since you currently have been staying at value resorts, changing to DVC will be more costly for each trip to WDW.

I have to disagree. Depends on the accomodations. Sounds like Marie most likely only needs a studio each visit.

I have booked a stay for this week (6 nights, May 14 - 26) at SSR and it is only using 100pts. I financed my membership and including interest and annual dues, my points are "valued" at just under $7.87 per point. That's $787 in "cash" or $131.17 per night. Value resorts routinely cost more than $100/night before adding tax in. So to me, using a studio is a much better deal than staying at a value resort for just about the same "value" in points versus paying cash.

 

[Joann]

where did you all get the dvc signatures please? We just bought into SSR and I would like to add one to my sig. Also about the financing ...you have till into the 2050's to use this DVC I don't see how financing it is a bad thing it ends up paying for itself in the end, once done with payments you get better hotel's for alot less if you count the cost of points... the way I look at it , once it is payed off your hotel is now free! excluding the MAT fee's which are still less then a 7 day trip in all of the DVC hotels. Made sense for us to buy it even with financing it.. the one good thing is tho, you can pay it off without penalty at any time with no fee or anything, even say you get an extra 5000. through out the year you can plop it down on your DVC at any time to pay it off faster!

 

[DisDaydreamer]

where did you all get the dvc signatures please? We just bought into SSR and I would like to add one to my sig. Also about the financing ...you have till into the 2050's to use this DVC I don't see how financing it is a bad thing it ends up paying for itself in the end, once done with payments you get better hotel's for alot less if you count the cost of points... the way I look at it , once it is payed off your hotel is now free! excluding the MAT fee's which are still less then a 7 day trip in all of the DVC hotels. Made sense for us to buy it even with financing it.. the one good thing is tho, you can pay it off without penalty at any time with no fee or anything, even say you get an extra 5000. through out the year you can plop it down on your DVC at any time to pay it off faster!

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