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-   -   We are buying DVC! (http://www.disboards.com/showthread.php?t=3181983)

DisK 10-05-2013 02:07 PM

We are buying DVC!
 
My fiance and I are getting married May 30th, 2014. Instead of doing a honeymoon the traditional way, we decided to purchase DVC in the Grand Floridian and use our points to go on a honeymoon! I wanted to ask you all a couple questions.

1. I have seen that several people have mentioned buying 50 points in one resort, and 50 in another, why do this?

2. Disney's rates seem high, am I correct in assuming I can take out a loan through a bank, pay off disney, and then pay my bank?

I think this is all the questions we have right now, we're currently waiting on DVC to call us back!! We are so excited, my fiance has been 33 times and we're both ready to make this step!!! Looking forward to joining the family shortly!!

DisK 10-05-2013 02:14 PM

Also, is there a spot where I can see what Disney perks we would get as a DVC member.

chalee94 10-05-2013 02:15 PM

Quote:

1. I have seen that several people have mentioned buying 50 points in one resort, and 50 in another, why do this?
sometimes you can use the pts from contract 1 (say, for VGF) to book 50 banked VGF + 50 current VGF = 100 VGF pts to book a stay at VGF in year one, and then the next year, bank the VGF pts while you use pts from contract 2 (say, BCV) to book 50 banked BCV + 50 current BCV pts = 100 BCV pts to book BCV in year 2...and so on.

some people like to mix it up by staying a few nights at VGF and then moving to another resort for the remainder of their vacation...you can also do that.

just don't be confused. there is no way to use one resort's points at a different resort at the 11 month window. you can ONLY mix pts at the 7 month window.

Quote:

2. Disney's rates seem high, am I correct in assuming I can take out a loan through a bank, pay off disney, and then pay my bank?
it depends on your credit. timeshares historically do not maintain their value and are generally worthless as collateral. but if your credit is good, you may have access to cheaper loans, yes.

chalee94 10-05-2013 02:19 PM

Quote:

Originally Posted by DisK (Post 49749363)
Also, is there a spot where I can see what Disney perks we would get as a DVC member.

perks come and go. don't count on them.

when you join, the perks are listed on the member site.

the big perk is the AP discount. ($145 off)

there are also scattered (mostly 10%) discounts to different restaurants and stores in the wdw area. these are mostly less popular restaurants. Here's a sample but keep in mind it might change before you visit:

Quote:

Dining

Walt Disney World Theme Parks
Epcot
Biergarten Restaurant – Save 10% on Lunch and Dinner Walt Disney World Resort
Germany Pavilion, Epcot

Restrictions apply. See Portable Perks for details.
Walt Disney World Resort
France Pavilion, Epcot
Restrictions apply. See Portable Perks for details.

Chefs de France – Save 10% on Lunch and DinnerWalt Disney World Resort
France Pavilion, Epcot

Restrictions apply. See Portable Perks for details.
Walt Disney World Resort
France Pavilion, Epcot
Restrictions apply. See Portable Perks for details.

La Hacienda de San Angel – Save 10% on Lunch and DinnerWalt Disney World Resort
Mexico Pavilion, Epcot

Restrictions apply. See Portable Perks for details.
Walt Disney World Resort
Mexico Pavilion, Epcot
Restrictions apply. See Portable Perks for details.

Nine Dragons Restaurant – Save 20% on Lunch and 10% on DinnerWalt Disney World Resort
China Pavilion, Epcot

Restrictions apply. See Portable Perks for details.
Walt Disney World Resort
China Pavilion, Epcot
Restrictions apply. See Portable Perks for details.

Restaurant Marrakesh – Save 20% on Lunch and DinnerWalt Disney World Resort
Morocco Pavilion, Epcot

Restrictions apply. See Portable Perks for details.
Walt Disney World Resort
Morocco Pavilion, Epcot
Restrictions apply. See Portable Perks for details.

San Angel Inn – Save 10% on Lunch and DinnerWalt Disney World Resort
Mexico Pavilion, Epcot

Restrictions apply. See Portable Perks for details.
Walt Disney World Resort
Mexico Pavilion, Epcot
Restrictions apply. See Portable Perks for details.

Tutto Italia Ristorante – Save 10% on lunch and dinnerWalt Disney World Resort
Italy Pavilion, Epcot

Restrictions apply. See Portable Perks for details.
Walt Disney World Resort
Italy Pavilion, Epcot
Restrictions apply. See Portable Perks for details.

Via Napoli – Save 10% on Lunch and Dinner Walt Disney World Resort
Italy Pavilion, Epcot

Restrictions apply. See Portable Perks for details.
Walt Disney World Resort
Italy Pavilion, Epcot
Restrictions apply. See Portable Perks for details.
Disney's Animal Kingdom Theme Park
Rainforest Cafe® – Save 10% on All Entrées Walt Disney World Resort
Disney's Animal Kingdom Theme Park

Restrictions apply. See Portable Perks for details.

Yak & Yeti™ Restaurant – Save 10% on Lunch and Dinner EntréesWalt Disney World Resort
Disney's Animal Kingdom Theme Park

Restrictions apply. See Portable Perks for details.
Disney's Hollywood Studios Theme Park
Hollywood & Vine – Save 10% on All MealsWalt Disney World Resort
Disney's Hollywood Studios
Walt Disney World Resort
Disney's Hollywood Studios

Hollywood Brown Derby – Save 10% off Lunch and DinnerWalt Disney World Resort
Disney's Hollywood Studios
Walt Disney World Resort
Disney's Hollywood Studios
Disney Vacation Club Resorts & More
Sanaa – Save 10% on Lunch and DinnerWalt Disney World Resort
Disney's Animal Kingdom Lodge
Walt Disney World Resort
Disney's Animal Kingdom Lodge

Jiko – The Cooking Place – Save 10% on DinnerWalt Disney World Resort
Disney's Animal Kingdom Lodge
Walt Disney World Resort
Disney's Animal Kingdom Lodge

Big River Grille & Brewing Works – Save 10% on Lunch and DinnerWalt Disney World Resort
Disney's Boardwalk Entertainment District

Restrictions apply. See Portable Perks for details.
Walt Disney World Resort
Disney's BoardWalk
Restrictions apply. See Portable Perks for details.

ESPN Club – Save 10% on Lunch and DinnerWalt Disney World Resort
Disney's Boardwalk Entertainment District
Walt Disney World Resort
Disney's BoardWalk

Flying Fish Cafe – Save 10% on DinnerWalt Disney World Resort
Boardwalk Entertainment District
Walt Disney World Resort
Disney's BoardWalk

Kouzzina by Cat Cora® – Save 10% on Breakfast and Dinner Walt Disney World Resort
Disney's Boardwalk Entertainment District
Walt Disney World Resort
Disney's BoardWalk

The Wave... of American Flavors – Save 10% on All Meals Walt Disney World Resort
Disney's Contemporary Resort
Walt Disney World Resort
Disney's Contemporary Resort

Trail's End Restaurant – Save 10% on All MealsWalt Disney World Resort
Disney's Fort Wilderness Resort & Campground
Walt Disney World Resort
Disney's Fort Wilderness Resort & Campground

Cítricos – Save 10% on DinnerWalt Disney World Resort
Disney's Grand Floridian Resort & Spa
Walt Disney World Resort
Disney's Grand Floridian Resort & Spa

Grand Floridian Café – Save 10% on All MealsWalt Disney World Resort
Disney's Grand Floridian Resort & Spa
Walt Disney World Resort
Disney's Grand Floridian Resort & Spa

Olivia's Café – Save 10% on All MealsWalt Disney World Resort
Disney's Old Key West Resort

Annielkd22222 10-05-2013 02:20 PM

You might also want to look at resale places....they are significantly cheaper. Check out the timeshare store.

DisK 10-05-2013 02:21 PM

Quote:

Originally Posted by Annielkd22222 (Post 49749403)
You might also want to look at resale places....they are significantly cheaper. Check out the timeshare store.

We looked at Resale (I was browsing before I joined)!!! We ruled out resale due to some of the restrictions.

chalee94 10-05-2013 02:24 PM

Quote:

Originally Posted by DisK (Post 49749411)
We looked at Resale (I was browsing before I joined)!!! We ruled out resale due to some of the restrictions.

the only restrictions are on a few trade-out options - be sure to look at the point charts for those options (they are pretty expensive) before you put much weight on that reasoning.

resales still have the option for trading out of DVC for other timeshares through RCI - it's not a great deal either, but it's an option.

if you are sure you want VGF, though, buying direct is probably the only real option in the near future.

DisK 10-05-2013 02:38 PM

We are sure we want VGF and the DVC phone line said we couldn't use them for Disney Cruises if we bought resale. Otherwise we would have considered BLT or AKL

Annielkd22222 10-05-2013 02:38 PM

I think that if you want this soon, you will have to go through Disney. But even the one for Hawaii has resales already. But, if it were me, I would still buy relale and get much more value for my money.

Annielkd22222 10-05-2013 02:46 PM

Quote:

Originally Posted by DisK (Post 49749529)
We are sure we want VGF and the DVC phone line said we couldn't use them for Disney Cruises if we bought resale. Otherwise we would have considered BLT or AKL

You'll ever use your points for a cruise. A regular vacation for a one bedroom on medium season is about 160 points per family. A cruise for a similar week is about 700

DisK 10-05-2013 02:59 PM

If you sell your points outright to someone, how many dollars per point does it average out for selling?

Annielkd22222 10-05-2013 03:27 PM

Sell? Or rent? I think you can rent for 10$ a point. Selling depends on the contract. For example Bay Lake Towers is 160 per point to buy for Disney....and I think about 100 per point to sell.

DisK 10-05-2013 04:43 PM

I guess it's rent. Just got word though!!!! All we have to do is sign the docs when they arrive!!!!!

JustTinking 10-05-2013 07:33 PM

If you can't pay for your purchase without financing, then I would say don't buy until you can. You can rent points for your honeymoon, and get some DVC experience under your belt before deciding to buy in. IMHO, the last thing you want is to begin your married life with debt.

timandjanl 10-06-2013 01:02 AM

Quote:

Originally Posted by JustTinking (Post 49751528)
If you can't pay for your purchase without financing, then I would say don't buy until you can. You can rent points for your honeymoon, and get some DVC experience under your belt before deciding to buy in. IMHO, the last thing you want is to begin your married life with debt.

Agree 100%


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