DVC RESALES
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Old 10-11-2013, 01:28 PM   #1
glamdring269
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Potential ownership: comments & questions... UPDATE... Membership info has arrived!

***UPDATE***
Ended up getting a 75 point October UY contract at VWL. We received our membership number yesterday and of course I've been playing with the site this morning. Woo hoo!

Advance apologies for the long post... here goes!

We're currently on vacation and I'm actually posting this from our studio at AKV-Jambo while on an afternoon break between a morning of DHS and a fun night of Not-So-Scary Halloween partying ahead. Unfortunately the fun ends soon as tonight is our last night.

Anyway, we're staying here on rented points and are considering buying in to the DVC. I've researched this for awhile and we also did the tour earlier in the week (mainly because we were already in DTD, it started raining, and we happened to be near the DVC booth!)

About us...

1) Two adults, no kids
2) Most likely to travel during October, followed by late May/early June, followed by Christmas.
3) Thinking of a contract 100 points or less to get started. Preferably in the 50-75 range if we can find one.
4) Not interested in credit. Cash purchase.

So, as part of our trip we explored many of the resorts. Like I said we're staying at AKV and, while I really enjoy the resort itself, I think we will likely pass on ownership here as the long bus rides are not favorable. That's not an absolute deal breaker but definitely not a positive.

Here is what we decided in terms of ranking the available resorts after visiting...

1) Beach Club / BWV (with preference towards Beach Club)
2) Poly (eventually)
3) AKV / BLT / VGF
4) SSR / OKW (could become #2 if we decide cost/point more important than 11 month booking)

Full disclosure, we did not visit VWL so cannot comment on those. We really liked the VGF rooms but after walking through the place we realized it's just not our kind of place. I won't get into the why of that statement for risk of offending people. BC/BWV are perfect for us considering we really enjoy Epcot and F&W.

Questions...

First, and possibly most important, does this even make sense if we would only visit once every two to three years? I think we would likely alternate between the two (once per two / once per three) for awhile but would eventually start to come more frequently as we get older.

Second, I like to plan but am not always able to plan 11 months out. I can however pencil something into the calendar in advance and hope it works out. Normally I would know in plenty of time for banking purposes if something is not going to work.

Third, given that our primary months are so scattered (October, late May/June, December) I assume use year does not matter quite as much. October is our primary target so I would assume somewhere in the Aug/Sep/Oct range but would appreciate your opinions as well.

Let me sum this up by saying that I really appreciate you taking the time to have read this and appreciate any advice you have to offer.

Last edited by glamdring269; 01-11-2014 at 12:00 PM.
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Old 10-11-2013, 02:09 PM   #2
chalee94
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First, and possibly most important, does this even make sense if we would only visit once every two to three years? I think we would likely alternate between the two (once per two / once per three) for awhile but would eventually start to come more frequently as we get older.
every other year can work. for "every third year", i'd stick to renting and not buy in.

Quote:
Second, I like to plan but am not always able to plan 11 months out. I can however pencil something into the calendar in advance and hope it works out. Normally I would know in plenty of time for banking purposes if something is not going to work.
DVC works best if you can plan 11 months in advance. once you get inside 7 months, there may be a risk of not getting your home resort (especially for dec stays, or oct in the boardwalk area)...but if you are ok with things working out like that sometimes, it's no big deal.

but remember that you can only bank pts 1 year forward. if you wind up canceling your every other year stay, some of the pts (banked or borrowed) would not be bankable into the next UY and would expire at the end of that UY...and if you couldn't go again till 2 years out, none of the pts would be valid for that next stay.

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Third, given that our primary months are so scattered (October, late May/June, December) I assume use year does not matter quite as much. October is our primary target so I would assume somewhere in the Aug/Sep/Oct range but would appreciate your opinions as well.
oct/sept/april would be my suggestions - just so you don't travel in the 3 months prior to the start of the UY. but if you never cancel, UY month would never be an issue.

if you planned on adding-on more pts later, you might want to look at which UY months are more commonly available.
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Old 10-29-2013, 04:51 PM   #3
g.armor
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for "every third year", i'd stick to renting and not buy in.
Why do you recommend this? I was thinking about doing this myself by buying a minimal point contract--say 50 points a year. Then I would bank 50, use the next year's points, and borrow the following year's 50 to get a 150-point villa for that "middle" year. Why would you recommend against this?
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Old 10-29-2013, 05:56 PM   #4
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Why do you recommend this? I was thinking about doing this myself by buying a minimal point contract--say 50 points a year. Then I would bank 50, use the next year's points, and borrow the following year's 50 to get a 150-point villa for that "middle" year. Why would you recommend against this?
I can't speak for Chalee but I'd tend to agree with her though I think this is an area where it depends. For some every 3 yrs may be workable and represent a savings. However, you have more risk with every third year and actually with banked and borrowed points in general. What if you have to change or cancel last minute. I do believe that for EOY or every third year, UY is even more important than for other times all else being the same.
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Old 10-29-2013, 06:20 PM   #5
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Why do you recommend this? I was thinking about doing this myself by buying a minimal point contract--say 50 points a year. Then I would bank 50, use the next year's points, and borrow the following year's 50 to get a 150-point villa for that "middle" year. Why would you recommend against this?
Many join DVC because they simply like the idea of being a member. It's a cool feeling. Considering a timeshare is a luxury item, it's a valid reason for buying a DVC membership. If this is your primary motivation for buying into DVC, then a small contract is something to consider.

With that said, DVC's big selling point (at least that's what the guides say ) is that, over the long haul, DVC is supposed to save money.

The problem with a small contract is that it can take an incredibly long time to reach the break-even point because:

a. Small contracts sell for premiums

b. As a percent of the total, the closing cost on small contracts is higher.

Taking both of these into consideration, someone buying a small contract is paying a much higher per point price. That means it's going to take a longer time to reach the breakeven point where you actually start saving money.

Many who buy small contracts as their first contracts (I'm not talking about members who add on) do so because that's all they can afford.

If I was in that situation, then I would hesitate buying DVC because it might be 10-20 years before I reach the break-even point. In other words, for the next 10-20 years, I might actually be spending more than if I simply rented someone else's DVC points or stayed in a Moderate or Value Resort. I wouldn't feel comfortable stretching myself financially, knowing that I could still vacation at WDW once every 3 years, pay less by staying in a Value or Moderate Resort, and not tie-up my capital in what is, after all, a timeshare.
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Old 10-29-2013, 06:21 PM   #6
chalee94
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Originally Posted by g.armor View Post
Why do you recommend this? I was thinking about doing this myself by buying a minimal point contract--say 50 points a year. Then I would bank 50, use the next year's points, and borrow the following year's 50 to get a 150-point villa for that "middle" year. Why would you recommend against this?
you can bank or borrow pts one time, then they are "stuck" in that new UY. you cannot bank them forward to the next UY or otherwise move them after they have been moved once with banking or borrowing.

so what if things change and you have to cancel one year? maybe you can't reschedule until the next UY. you risk losing 2 or 3 UYs of pts.

even if things work well, you are unlikely to use exactly 3 years' worth of pts. you'd likely wind up with a few extra pts that might go to waste. (you would have the option of trying to transfer them, but that can be a hassle.)

and DVC reallocates pts on the point charts sometimes so there's also that risk of winding up short of pts. for example, DVC used to charge 8 pts per weeknight for an OKW studio in low season...now it's up to 10 pts per weeknight. (weekends did get cheaper but if you own a bare minimum of pts, you are probably not splurging, so you would be unlikely to come out ahead in a reallocation.)

if you only want pts for every third year, just stick to renting IMO.

(and for the record, i am a dude... )
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Old 10-29-2013, 11:28 PM   #7
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. (and for the record, i am a dude... )
lol

If you purchase a few of these small contracts, with intent of combing 3 years points, you can also transfer leftover points to yourself (or just combine if the same UY) and use those points with a few one-time-use points to grab one more night. It may be at another resort, but use it for your first night stay, to be ready for a full day of Disney the next morning. Then have your things transferred to your longer stay DVC reserved room.

Possibility/ option if you're willing to put forth some work to do it.
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Old 10-30-2013, 07:15 AM   #8
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(and for the record, i am a dude... )
If you're referring to my post,, I apologize. I was merely channeling the screen name.
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Old 10-30-2013, 08:21 AM   #9
chalee94
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If you're referring to my post,, I apologize. I was merely channeling the screen name.
i'm not offended. just clarifying.
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Old 10-29-2013, 06:24 PM   #10
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Originally Posted by g.armor View Post
Why do you recommend this? I was thinking about doing this myself by buying a minimal point contract--say 50 points a year. Then I would bank 50, use the next year's points, and borrow the following year's 50 to get a 150-point villa for that "middle" year. Why would you recommend against this?
I think its less of a deal than it used to be - now that you can rent a few points direct from Disney to round out a contract, but the issue is that you need to be spending EXACTLY 150 points every three years so your points don't go to waste. If you move time of year, you'll have too many or two few points. If DVC adjusts how many points are needed, you'll have too many or too few points. Small contracts sell for a premium on the resale market, so you aren't likely to save too much over renting points after you adjust for the inevitable points lost.
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Old 10-11-2013, 02:12 PM   #11
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It makes sense to me. We only go every other year and its worked fine.

You do need to know that October through early January at both BWV and BCV get very busy - if you regularly want to stay there during that time, you should buy there, and if you do so, you'll need to book more than seven months in advance - as close to 11 as you can manage. If you can't regularly make the commitment at eleven months - buy SSR and hope you get BWV or BCV once in a while during F&W.

Also, you can only bank and borrow one year any direction - so if you bank points because you are going to F&W next year, then can't get your reservation because you can't commit early enough, you'll need to use those banked points SOMEWHERE before the end of your use year. You can bank the current years points - but the previous year - you'll need to find some use for them.

You'll want to go for a use year that leaves you plenty of time to travel if you have to cancel - so if you are planning on going MOSTLY in the fall - a late summer or early Fall use year is best.
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Old 10-11-2013, 02:15 PM   #12
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If you care where you stay, buy where you love to stay, realizing that if you don't book at 11 months, you may have trouble getting what your want.

Buying a DVC interest may save you money depending on you, or it could cause you to spend more, you need to do the numbers.

UY is banking insurance should you have to cancel a reservation. You have 8 months from the beginning of your UY to bank your points.

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Old 10-11-2013, 02:28 PM   #13
rowlands57
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As a BCV owner I can say the main reason for me to own there is the proximity to EPCOT. The ability to walk back to the resort after the close/fireworks is a great selling point. Not having to deal with any transportation after F&W is a big plus too.
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Old 10-11-2013, 02:59 PM   #14
glamdring269
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I do have a question when it comes to booking. I can book home resort at 11 months out. There are no penalties to cancel that reservation if needed provided I do it outside of the hold period and in sufficient time to bank the points (assuming those points are not from a previous or future UY).

Is this correct? If so then I think I would be able to 'plan' without much issue considering when we would travel in October is fixed (tied to a teacher's schedule so fall break is known before the 11 month period). My schedule is the more volatile but would settle in with enough time to make a decision prior to the hold/bank timing provided my understanding in the first paragraph is correct.

Thanks again!
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Old 10-11-2013, 03:28 PM   #15
chalee94
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I do have a question when it comes to booking. I can book home resort at 11 months out. There are no penalties to cancel that reservation if needed provided I do it outside of the hold period and in sufficient time to bank the points (assuming those points are not from a previous or future UY).
right. if you cancel more than a month in advance AND before your banking window closes (within the first 8 months of your UY), there are no penalties. any current pts can still be banked ahead to the next UY.

but if you are not traveling every year, you would always be using banked/borrowed pts, which cannot be banked ahead but must be used within the UY they were banked or borrowed into.
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