DVC RESALES
DVC RESALES

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Old 01-15-2014, 05:48 PM   #16
disneynutz


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Quote:
Originally Posted by rymahoney View Post
Reason we were considering it was the fact we love Disney and have young kids 4 and 6 months and we see ourselves going at minimal every other year for the for a long time. Money wise I currently don't have 15k in my savings but I do contribute to a good bit to 401k and my Ira. My wife and I are both 28 years old and done having kids!!!
Hey it's your money, just please take the time to learn all of the aspects of DVC ownership and look at your total costs when vacationing at Disney.

Disney tends to have a special place in our hearts and they do a great job of setting the stage and making an emotional sale. DVC vacations at Disney over a 50 year period can cost $300,000 or more.

Bill
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Old 01-15-2014, 06:11 PM   #17
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Originally Posted by rymahoney View Post

Reason we were considering it was the fact we love Disney and have young kids 4 and 6 months and we see ourselves going at minimal every other year for the for a long time. Money wise I currently don't have 15k in my savings but I do contribute to a good bit to 401k and my Ira. My wife and I are both 28 years old and done having kids!!!
We are in your same boat.. My kids are 7 & 2..
They last 7 years we have been to WDW 4 and DL twice...
My husband never dreamed we would be going to Disney every other year living in New England.
But I grew up in CA, where we would go to DL every year, sometimes twice a year!
When I Get that itch its bad.. MY DH spent last weekend was running the number on DVC for my sister..
And about died when he realized how much money we could have saved on those 6 vacations..

Now words of warning..
1st of all on our 6 trips we stay at mod. our last two trips and but only value before that.
It was during those last two trips (at mods) we realized we would never want to go back to the values..
So if you don't mind the values, or if that's the only placed your stayed.. I don't recommend you buy in..

2nd of all your kids are little now, but are you sure when they are teens they will like Disney?
Will you able to take them out of school should they not be able to go when they have school breaks?
Do you like to go during those school break times? Cuz that maybe the only time you can go if the school gives you hard time about days missed or the make up work is to much for your kids.
Could you and your wife enjoy Disney on your own?? If this is no.. Then I defiantly would not do it!!

Also I don't agree with financing any more then $5,000. And having a plan to pay the off within 5years.
Disney is asking 10% interest if you have PREFECT credit..
Add that with annual dues that increase yearly.. It can bankrupt you..

And this is all before, tickets, food, flights, extras???

If you don't have the money don't don't DON'T do it..
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Old 01-15-2014, 06:31 PM   #18
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All I can say is, we just jumped in and I wish I had done it 8 years ago when we took the tour and the kids were 8 and 10 or even sooner.

Last edited by cubsblue; 01-15-2014 at 06:39 PM.
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Old 01-15-2014, 07:20 PM   #19
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WE just returned back from Disney. Second trip in 2 years. We have a 4 ur old daughter and a 5 month old daughter. We went on the dvc tour at BLT which is not available. We have the numbers and will be financing this no doubt. Here is my questions.
Where do I look up resales and is financing available?
Is there benefit to buy direct from Disney?
Where do I go to look at pictures other than the enhanced Disney villa pictures. To show condition of rooms these days at different resorts?
Where do I look up points required for different properties?
We like the 2nd and 3rd week of jan. Or between thanksgiving and Christmas.
Thanks for any help I'm sure you guys get these all the time.
Ryan
You've gotten some info. Personally I wouldn't buy if you have to finance, just save up so that DVC will be blessing and not a curse. I'd spend 6 months investigating so you can learn enough to make a rational decision and get over some of the emotions you're having today. There are potential options for financing resales but they are even worse than DVC's rates or they tie up assets that increase your risk.

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Do any of you share your time share with a sibling or relative and rotate years of going? I'm looking at this as 50 yrs if vacations. But after reading around the other locations that Disney told me everywhere was 160 points are not worth it. They showed us 100's of places around the world. We will be looking into this over the next month or so. So please let me know the in's and outs. I'll to a search here but it never seems to work right.
We share our timeshares but we just schedule and invite them. We'll have six 2 BR units for a week this summer in HH at the top Marriott there. Did the same last year and had our best vacation ever with many other trips that were great, all the large family ones top our list. I don't expect them to pay, only behave and make a single family meal together. After that they can do as much or little as they want as I try really hard not to control other people's vacations.

Do not buy to exchange, no guarantees, too little availability and too much risk.
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Old 01-15-2014, 10:37 PM   #20
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If you do a comparison to see when you might break even, use the price you've already paid, not rack rate for a DVC villa. Because if you didn't pay rack rate for a DVC villa before, you probably wouldn't pay it in the future. Even members don't like to pay rack rate for DVC. If we need to add a night, I'll look at AP rates, Disney VISA rates for a moderate for a night or two. Or see what bargain I can get, even try for Swan and Dolphin.
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Old 01-16-2014, 07:49 AM   #21
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If you do a comparison to see when you might break even, use the price you've already paid, not rack rate for a DVC villa. Because if you didn't pay rack rate for a DVC villa before, you probably wouldn't pay it in the future. Even members don't like to pay rack rate for DVC. If we need to add a night, I'll look at AP rates, Disney VISA rates for a moderate for a night or two. Or see what bargain I can get, even try for Swan and Dolphin.
And when you listen to the Disney sales pitch - realize they are using rack rate.

IF you are happy in a moderate or value, and you can and have taken advantage of the deals Disney has offered, you are probably better off FINANCIALLY not buying DVC. You may or may not get value out of having DVC in subjective ways (for us, its having the kids sleep in a different room), but if you have to stretch to afford it, its hard to justify that value.
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Old 01-16-2014, 08:49 AM   #22
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And when you listen to the Disney sales pitch - realize they are using rack rate.

IF you are happy in a moderate or value, and you can and have taken advantage of the deals Disney has offered, you are probably better off FINANCIALLY not buying DVC. You may or may not get value out of having DVC in subjective ways (for us, its having the kids sleep in a different room), but if you have to stretch to afford it, its hard to justify that value.
The OP stayed at the Polynesian on his last trip so I think that he likes deluxe resorts.
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Old 01-16-2014, 09:04 AM   #23
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The OP stayed at the Polynesian on his last trip so I think that he likes deluxe resorts.
Don't we all! But sometimes the Poly is a once in a lifetime trip, and the next ten are at the Caribbean Beach Resort before you get back to the Poly for a 25th wedding anniversary.

And if you like Deluxe resorts, and think that is what you are getting, then the question becomes, do you understand the difference between timeshares and deluxe resorts? Are you willing to make the necessary trades - less frequent refreshes, the need to pay for housekeeping (if you want it), no concierge (for all practical purposes), a pullout in a studio rather than two beds (unless you are out at OKW). No rollaways.

In this thread the OP has posted less than 500 words - that isn't sufficient to say if DVC is right (or not right) for anyone. It may be right, it may not be right - there is insufficient data.
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Old 01-16-2014, 09:14 AM   #24
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And if you like Deluxe resorts, and think that is what you are getting, then the question becomes, do you understand the difference between timeshares and deluxe resorts? Are you willing to make the necessary trades - less frequent refreshes, the need to pay for housekeeping (if you want it), no concierge (for all practical purposes), a pullout in a studio rather than two beds (unless you are out at OKW). No rollaways.
All of those are positives for me (except for the refreshes) .
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Old 01-16-2014, 09:17 AM   #25
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I'm kinda overwhelmed with it all honestly. Told the wife I think we should save for a year. Rent points from David for our next stay. And then make a decision after that.
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Old 01-16-2014, 09:39 AM   #26
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I'm kinda overwhelmed with it all honestly. Told the wife I think we should save for a year. Rent points from David for our next stay. And then make a decision after that.
If I were going to do it today, I'd rent points from David rather than buy in. Its a little more expensive than buying in, but the flexibility gains are huge. As long as David has an owner, you get the eleven month window where ever you want it. If you don't want to go to Disney for three or four years when the kids are in high school because their schedules are busy (and I can't believe how busy my daughter is - my son is more of a slacker), you don't have to go renting your own points or finding another use for them. If you hit a financially rough period, you don't have dues payments.

When we bought in, all rental deals were between individuals, a broker provides a little extra security. And when we bought in there where only three onsite resorts (BCV was being sold, but wasn't yet built) - five total - yeah, it was hard to get VWL for Christmas (we don't travel at Christmas) or BW for Food and Wine (we own Boardwalk) or an OKW Grand Villa over Easter (again, don't go over Easter), but there wasn't the insane competition for those things that there are now with three or four times as many members - and the same number of BWV Standard rooms for Food and Wine. So while the advice has always been some version of "buy where you want to stay (and plan ahead)" that advice has become, I think, more pertinent, but its also now very apparent that you can only buy what is built at the time, you'll still have the "I don't own there" problem with new resorts, unless you are willing to own a lot of contracts (I'm not).

The other thing that's more obvious to me with time is that both Disney and my family and I change. When we bought, we went to Disney in part for the food - that has slipped while at the same time our own dining tastes became more refined (or, if you prefer, we became food snobs). I'm not really interested in the pace of technological change that comes with FP+ - I go to Disney because it was EASY - we knew how to work the system - now we are back at square one, and I'm not that interested in square one. My kids prefer other locations as teenagers - my son, the beach, my daughter - anywhere with good museums.
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Old 01-16-2014, 10:00 AM   #27
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I'm kinda overwhelmed with it all honestly. Told the wife I think we should save for a year. Rent points from David for our next stay. And then make a decision after that.
i'm on your side.

(unless your wife gets really mad. in that case, you're on your own... )
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Old 01-16-2014, 02:42 PM   #28
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I'm kinda overwhelmed with it all honestly. Told the wife I think we should save for a year. Rent points from David for our next stay. And then make a decision after that.
From all your have said, that sounds like a really good idea.
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Old 01-16-2014, 02:58 PM   #29
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Originally Posted by crisi View Post

If I were going to do it today, I'd rent points from David rather than buy in. Its a little more expensive than buying in, but the flexibility gains are huge. As long as David has an owner, you get the eleven month window where ever you want it. If you don't want to go to Disney for three or four years when the kids are in high school because their schedules are busy (and I can't believe how busy my daughter is - my son is more of a slacker), you don't have to go renting your own points or finding another use for them. If you hit a financially rough period, you don't have dues payments.

When we bought in, all rental deals were between individuals, a broker provides a little extra security. And when we bought in there where only three onsite resorts (BCV was being sold, but wasn't yet built) - five total - yeah, it was hard to get VWL for Christmas (we don't travel at Christmas) or BW for Food and Wine (we own Boardwalk) or an OKW Grand Villa over Easter (again, don't go over Easter), but there wasn't the insane competition for those things that there are now with three or four times as many members - and the same number of BWV Standard rooms for Food and Wine. So while the advice has always been some version of "buy where you want to stay (and plan ahead)" that advice has become, I think, more pertinent, but its also now very apparent that you can only buy what is built at the time, you'll still have the "I don't own there" problem with new resorts, unless you are willing to own a lot of contracts (I'm not).

The other thing that's more obvious to me with time is that both Disney and my family and I change. When we bought, we went to Disney in part for the food - that has slipped while at the same time our own dining tastes became more refined (or, if you prefer, we became food snobs). I'm not really interested in the pace of technological change that comes with FP+ - I go to Disney because it was EASY - we knew how to work the system - now we are back at square one, and I'm not that interested in square one. My kids prefer other locations as teenagers - my son, the beach, my daughter - anywhere with good museums.
I agree with you..
Renting is a much better option, with the info the OP has giving..
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Old 01-16-2014, 07:50 PM   #30
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I'm kinda overwhelmed with it all honestly. Told the wife I think we should save for a year. Rent points from David for our next stay. And then make a decision after that.
The lost savings on a given trip is nothing compared to making a mistake in this area. Until you can read technical threads with multiple abbreviations and understand what's going on without thinking about it, you are not ready to proceed, IMO.
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