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Old 04-07-2013, 02:56 PM   #1
DisneyBliss7
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Buying DVC:)

We want to learn more about owning through DVC. I ordered a DVD through Disney...This year we are staying at AKV by renting points through a DVC member.
I was looking at the charts on these threads for how many points I would need. I would love to own at BLT and have a two bedroom with theme park view during the choice season. It says that would be 387 points...I have no idea what that exactly means?!? I mainly need to know how much our monthly bill would be.
Do I buy space for one set price and finance it? Can I use my points and stay at a different resort one year? And if we skip a year what happens to our points? This is very confusing to me, we have never done anything like this before. Thanks for any advice
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Old 04-07-2013, 03:15 PM   #2
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First take your time and learn as much as possible before you do anything. Use the stickies at the top of the page to get the basic information. Most people will tell you to buy points where you want to stay - good advice. The resort that you own points at gives you a booking advantage. You can book your accommodations 11 months prior to your stay - all others can book at seven months. If you want to stay at another resort, you can make any reservation that is available at 7 months prior to your stay. Don't think you need to by from Disney - there is a resale market that is less expensive - although points have restrictions that most owners feel aren't a good use of points anyway. If you buy resale, then you can't use the points to book a Disney cruise, a reservation in the Disney Collection(non-DVC resorts) or Adventures by Disney. Your monthly expense will depend on what you finance - most recommend not financing, but buying in as you can. Your monthly expense will be your financed payment plus your maintenance fee (which can be paid annually or monthly) If you want a 2 br theme park view in the choice season, then I would recommend whether you buy from Disney o resale not to place all the points in one contract, but in 50 to 100 pt. contracts so that they are easier to resell if needed or if you want to will them to your children. If there is a year you do not use all of your points you can bank them and use them in the next year, but you can only bank them once or they expire. Lastly, I would recommend to use your stay at AKV to see if this is your vacationing style. Besides buying a timeshare it means taking a Disney vacation at least once a year for 10 years.
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Old 04-07-2013, 03:22 PM   #3
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Originally Posted by DisneyBliss7 View Post
We want to learn more about owning through DVC. I ordered a DVD through Disney...This year we are staying at AKV by renting points through a DVC member.
I was looking at the charts on these threads for how many points I would need. I would love to own at BLT and have a two bedroom with theme park view during the choice season. It says that would be 387 points...I have no idea what that exactly means?!? I mainly need to know how much our monthly bill would be.
Do I buy space for one set price and finance it? Can I use my points and stay at a different resort one year? And if we skip a year what happens to our points? This is very confusing to me, we have never done anything like this before. Thanks for any advice
Oh, where to start? First you really owe it to yourself to do as much reading about DVC as you can. Take some time and look through all the DVC threads. You will get lots of good advice here.

Good luck.
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Old 04-07-2013, 05:27 PM   #4
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Thank you both for the info I'm so excited!! I love Disney and would love to go every year! I didn't know I could use the points for a cruise!?! That's great news
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Old 04-07-2013, 05:39 PM   #5
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You can only use the points for a cruise if you buy direct and not resale, though as I understand it, the points-to-dollars conversion makes it much less of a value than if you were to use those same points at one of the resorts.

I've been researching here and there for over a decade and we're just now at a point where we feel like buying in would make sense for our family.

You mentioned that you wanted Bay Lake Tower. If you are buying direct, you would be on a waiting list to buy there as they are officially sold out. If you buy resale (which loses some of the "perks" like cruises and the other non-DVC resort options), you could probably get in there sooner than the official waiting list would get you in.

(Of course all of this is from internet research and talking to one of the DVC guides, not actual experience...yet)
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Old 04-07-2013, 06:35 PM   #6
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You can only use the points for a cruise if you buy direct and not resale, though as I understand it, the points-to-dollars conversion makes it much less of a value than if you were to use those same points at one of the resorts.

I've been researching here and there for over a decade and we're just now at a point where we feel like buying in would make sense for our family.

You mentioned that you wanted Bay Lake Tower. If you are buying direct, you would be on a waiting list to buy there as they are officially sold out. If you buy resale (which loses some of the "perks" like cruises and the other non-DVC resort options), you could probably get in there sooner than the official waiting list would get you in.

(Of course all of this is from internet research and talking to one of the DVC guides, not actual experience...yet)
And also don't let this "guide" business fool you. The people who you talk to at DVC are salespeople and nothing else. They only make money if you buy points directly through Disney, so keep that in mind when you talk to them.
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Old 04-07-2013, 07:51 PM   #7
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Hi! You definitely want to take some time and do a LOT more research on DVC, and I mean that in the nicest way of course

You want to buy enough points for the room you are looking at during the season you want...so it sounds like you are going to want 400 or so BLT points if you plan on going yearly and want that 2-bedroom annually as well. Definitely look into buying resale versus buying direct...it makes a lot of sense financially, and for us it wasn't worth buying direct to use the points for cruises because it was such a bad value. Good luck!
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Old 04-07-2013, 08:13 PM   #8
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You want to buy enough points for the room you are looking at during the season you want...so it sounds like you are going to want 400 or so BLT points if you plan on going yearly and want that 2-bedroom annually as well. Definitely look into buying resale versus buying direct...it makes a lot of sense financially, and for us it wasn't worth buying direct to use the points for cruises because it was such a bad value. Good luck!
I feel the need to mention that 400 points direct from Disney at $165 per point will cost over, wait for it...........$66,000. Resale at BLT is running in the mid 90's which would be well under $40,000. You could go on a LOT of cruises for the difference of $26,000.
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Old 04-07-2013, 11:06 PM   #9
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With a family of seven a two bedroom would be your minimum. But should your family increase or you want to bring the grandparents along, you are starting to edge towards a grand villa that sleeps twelve. Grand villas are hard to get at seven months, so you would need a resort that has grand villas. And the points for a GV at BLT scare the heck out of me.

On top of your purchase price per point, you are looking at closing costs and annual member fees. And that just gets you a place to stay. You still have to purchase theme park admission and that keeps going up every year. DVC currently give a small discount on Annual Passes, but that could change any time. It's not fixed in stone. Then you have food, but the full kitchen could save on food costs if you don't mind cooking in your villa. Some people don't and some wonder what that stove decoration is all about.

Plus you still have to get there.

We have a small family of three and our son is in college, so it is mostly just the two of us. We have DVC Premium Annual Passes that were offered last year for $399 and they worked out great for us - three trips on one pass. And I have already paid for regular APs that I had planned to use for our trip last October, but we got the PAPs instead. Once the APs are gone, we're not quite sure what we will do. Tickets by the day are expensive, APs are expensive and we like to head to the parks to dine. It just may be something we give up.

So don't just think about this year and next year, think about the future when you will be purchasing tickets for Guest 10+ for your two oldest and your youngest will no longer be free. In four years, you will have six of you at Guest 10+ ticket prices. Yikes.

Renting may just be the best way to take your trips to WDW.
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Old 04-08-2013, 12:49 PM   #10
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I'm not sure anyone really answered your question about skipping a year. Regardless of whether you buy direct, or resale, the same rules apply.

You have the ability to use up to 3 years of points at any one time, if you plan appropriately. You can bank a year, and you can borrow a year, giving you 3 years worth. By doing one or the other you effectively "skip" a year or part of that year or years. Both require planning to make sure you don't miss a banking deadline or miss an expiration date but basically each years points are potentially good for a 2 year period. The initial use year they are in and then the following year if you bank them.

So, if you don't plan to go to Disney at least 1x per year, banking can be a way to join DVC with less points, use 2 or more years worth at once and see how you really like and use it before making a larger commitment.

You can always add on if it makes sense. We are a family of 6, though the older ones may not always come along. We started with 105 points, then added another 105 one year later, and are contemplating one more add on.

With our 210 points, in a 19 month time period we will have been able to do the following 4 trips.
  1. 2 nights OKW, 3 nights VB, 2 nights AKV all in a 1B. Magic Season.
  2. 7 nights at Aulani, all studio, 6 nights at ocean view, Choice Season
  3. 6 nights BWV preferred view 2B split Premier/Adventure Season, 3 nights THV, Adventure Season.
  4. 3 nights OKW Studio, Dream Season

So for example in your case, if you want a 2B at BLT every other year, higher season, instead of buying 400 points, you could buy 200 and either bank or borrow to get to the 400 you need and travel every other year. I would also factor in how far ahead you will actually be planning and booking. If it is 7 months or less, it really won't matter where you own as you will lose home booking advantage at that point and can book at any DVC resort pending availability. If that is the case there are other less expensive resorts, both direct and resale, with lower dues that may be a better fit.

As to the monthly bill it really depends on how you choose to go about it, if you do.

Whether you look at direct or resale, both can be purchased outright, or financed. I'm not going to weigh in on the pro's and cons of either, plenty of folks here will, but I do recommend that you look at all your options. If you were to finance, that would have a monthly bill depending on how you financed. Only you can determine what that looks like and whether it makes sense for you.

Dues, which will be an ongoing cost regardless of how you purchase can either be paid monthly, or annually and again, will vary based on the resort chosen and the amount of points. Dues will increase over time so make sure to factor that in.

Renting is a wonderful way to see if this is a good fit for your family. Disney is not well set up for larger families and DVC can be a wonderful thing but it is a large commitment that should be carefully evaluated to see if it really makes sense in the long term. Good luck!
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Old 04-08-2013, 01:22 PM   #11
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And also don't let this "guide" business fool you. The people who you talk to at DVC are salespeople and nothing else. They only make money if you buy points directly through Disney, so keep that in mind when you talk to them.
Absolutely. Just using their terminology (not sure why I do that with Disney...they're all "cast members" and "guides" and I go with it, but I've never called someone at Subway a "sandwich artist" LOL)
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