DVC RESALES
DVC RESALES

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Old 12-19-2013, 07:56 AM   #1
RonaldBravo
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What would longtime DVC members do?

If you had to buy into it today? Would you do it? Assume all of the circumstances are the same when you bought into originally.

Last edited by RonaldBravo; 12-19-2013 at 08:02 AM.
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Old 12-19-2013, 08:15 AM   #2
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absolutely not.

We've owned for twelve years now. And the best I can say is that I've been content. DVC has never delighted me, and Disney has been getting more disappointing.

We've had some nice family vacations, and it was awesome when the kids were little. And it forced my husband to take vacations at a time when he was prone to workaholism - and me to spend on vacations at a time when I was prone to frugalism.

But it hasn't been flexible for us. Renting points would have - in hindsight - been a better deal. Or staying at Bonnett Creek - I started as an onsite snob when we bought, and Bonnett Creek didn't exist yet - but both those things changed quickly.
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Old 12-19-2013, 08:22 AM   #3
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Assuming everything was the same? Yes, absolutely. We've been members since 1995 and have enjoyed years of DVC stays.
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Old 12-19-2013, 08:22 AM   #4
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I'd buy today, but would likely go the resale route rather than buying direct, except for small add-on contracts.

It really was a no-lose situation when we purchased in 1992, with those free park passes until the year 2000. I still consider DVC to be a good value, but based upon my usage, I would not need the current "perks" they are offering for direct over resale. I've only stayed on points at my home resort (though I'm considering a stay at AKV next year) and have never traded to any of the collections or RCI/II. Thus resale would fill my needs vs. direct in today's market.
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Old 12-19-2013, 08:36 AM   #5
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I know you lose out on the adventures by disney stuff when you by resale, but what about the other perks? Would I retain any of those or not?
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Old 12-19-2013, 08:45 AM   #6
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Quote:
Originally Posted by crisi View Post
absolutely not.

We've owned for twelve years now. And the best I can say is that I've been content. DVC has never delighted me, and Disney has been getting more disappointing.

We've had some nice family vacations, and it was awesome when the kids were little. And it forced my husband to take vacations at a time when he was prone to workaholism - and me to spend on vacations at a time when I was prone to frugalism.

But it hasn't been flexible for us. Renting points would have - in hindsight - been a better deal. Or staying at Bonnett Creek - I started as an onsite snob when we bought, and Bonnett Creek didn't exist yet - but both those things changed quickly.

Are you considering the remaining value of your contract? If you sell now, you can recover a good part of your initial investment making your vacations cost, even cheapier.

I'm evaluating purchasing DVC, and the remaining value of a contract after 10 years is almost the most important variable of all my projections.

I've seen than most people make their evaluations considering the full life of the contracts (until expiration, so remaining value = 0). I understand doing that, but if instead you do a 8, 10 or 15 years projection considering a final sale of your contract at an estimated remaining value, your results can be very different.

Even making that kind of projection, you can decide you want to keep your contract until expiration. But that decision hasnt to be made today, you can decide that anytime.

A timeframe of 8, 10 or 15 years is easier to foresee in terms of your family vacation requirements/plans. Most families can see they are wanting to go yearly/often when their kids are younger but are not sure what will happen after that. So, adding the remaining value of their contract at the "end" of that period makes a lot of sense when you are considering the purchase.
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Old 12-19-2013, 08:58 AM   #7
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I paid $50 a point for my OKW points on my first contract, roughly $65-70 for my other contracts. I'd never pay $100+ for any points at all. My annual fees for the first five years were slightly more than $3 a point. They have gone up over $2 a point since then (like 70% since I bought). So in 2014 I'm paying $5.34 for OKW which has lower fees than nine others. Only BLT, SSR, GCF and Aulani (subsidised) are lower.

I'd rent from others. And take other vacations. Disney is getting very expensive, even with occasional discounts and perks. We first went in 1997 and, though it was expensive then to us, nothing like it is now. We also bought another timeshare at the beach with annual fees around $1050 per year. No other costs there like park admission. I can just go to the beach, enjoy the beach and eat in. And use the sailboat, the paddleboards, etc for no extra cost.

There was just a post the other day about a new member, bought on the DCL a few months ago and now she has lost her job. Got her 2014 dues bill and was freaking out because she didn't think she could pay her dues and pay the financed amount of her purchase. Sometimes life happens when you are not expecting it.
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Old 12-19-2013, 09:00 AM   #8
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Quote:
Originally Posted by RonaldBravo View Post
I know you lose out on the adventures by disney stuff when you by resale, but what about the other perks? Would I retain any of those or not?
Unless you buy hundreds of points, you wouldn't be able to use ABD anyway. The point costs are outrageously high. DCL point costs are very high as well.

As a resale owner, you can't use points for ABD, DCL, the Concierge Collection (assorted other non-DVC resorts is various locations), and the Disney Collection (non-DVC Disney resorts at WDW, DL, Disneyland Paris and Hong Kong and Tokyo).

Those are the only restrictions on resale purchases. All other perks that are currently offered to members are available to resale purchasers as well.

But do understand that all of the things I mentioned can be taken away from direct purchasers just as easily. DCL, ABD, Concierge and Disney Collection are all third parties who renegotiate their participation with DVC every year. They can put restrictions on point use, dramatically increase point costs, or end their participation with DVC at any time.
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Old 12-19-2013, 09:07 AM   #9
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Quote:
Originally Posted by RonaldBravo View Post
I know you lose out on the adventures by disney stuff when you by resale, but what about the other perks? Would I retain any of those or not?
Currently, resale purchasers are restricted from using their points for Adventures by Disney, Cruises, non-DVC Disney resorts and any other Disney Collection usage. They are still able to take advantage of RCI and all DVC Member discounts, such as the AP discount, shopping discounts, dining discounts and so forth.

That could change, as with all true member "perks" but in order to do so, IMO, Disney/DVC would to have some easy way to distinguish between a direct and resale purchaser at the restaurants and cash registers, either by issuing a special DVC Discount Card requiring additional ID or coding that info into your MagicBand profile. I do hope that eventually ALL the discount info, DVC, AP and TiW will be coded into the MagicBand profiles and will communicate that info to the cash registers and hand held devices used at restaurants.
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Old 12-19-2013, 09:18 AM   #10
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Quote:
Originally Posted by crisi View Post
absolutely not. We've owned for twelve years now. And the best I can say is that I've been content. DVC has never delighted me, and Disney has been getting more disappointing. We've had some nice family vacations, and it was awesome when the kids were little. And it forced my husband to take vacations at a time when he was prone to workaholism - and me to spend on vacations at a time when I was prone to frugalism. But it hasn't been flexible for us. Renting points would have - in hindsight - been a better deal. Or staying at Bonnett Creek - I started as an onsite snob when we bought, and Bonnett Creek didn't exist yet - but both those things changed quickly.

So why hold on to the contract?
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Old 12-19-2013, 09:19 AM   #11
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Originally Posted by mikeymc1115 View Post
So why hold on to the contract?
In our case, we still like to go.
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Old 12-19-2013, 09:26 AM   #12
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No, I would not buy today. DVC is geared toward the repeat customer while Disney is concentrating on the "once in a lifetime" customer. The recent changes at WDW are pricing my family out of the parks between jacked up prices for everything from food to park tickets and FP+ which will make touring during Christmas and Spring Break a nightmare once it is implemented 100%. Sadly, Disney is just not into us anymore and I think my days of being a DVC member are numbered.
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Old 12-19-2013, 09:51 AM   #13
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I am a new owner but have been going to Disney 4+ times a year for the past 10 years (DW loves Disney). That said, I am not sure why there is negativity about costs going up. Of course costs will increase. Costs for goods and services increase every year, EVERYWHERE.

In fact, we just bought into DVC because of the increase in costs. I would love "perks" but I did not buy into DVC for perks. Maybe I see things different since I am a FL resident and can get less expensive annual passes.

Is Disney expensive? Yes but comparatively, it is less expensive that other vacations. For instance. My family and I are going to Colorado next week to ski. The vacation compared to Disney is very expensive. We will likely spend as much if not more for a week in CO than for 2 weeks at Disney.

Consider when thinking Disney is expensive is that when you are in the park, all your entertainment is paid for. There is no time limit with the exception of park hours. Stay for an hour, come back later in the day or be in the park for 12-20 hrs. Your choice.

Also with DVC you have the ability to lessen the next expensive part of the trip, the food. Get a 1 bedroom and cook all your meals. And by cook, you can simply go to whole foods and buy prepared meals and reheat them. Or I read a post where people bring crock pots (or keep them in owner's locker) and make meals in the crock pot.

People will find a way to complain about anything. DVC for us is a great investment for now with two 5 yr olds and then also when they have kids to be able to take them to Disney.

My 2 cents, which with inflation will be worth, 1 cent tomorrow.
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Old 12-19-2013, 09:52 AM   #14
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Owning DVC has popped the Disney love bubble that we lived in. Prior to owning we thought that Disney had it all together and that they cared for it's guests. Since owning we learned that it's all about the money. Sure there are some magic moments but overall DVC has opened our eyes and allowed us to see behind the curtain.

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Old 12-19-2013, 10:05 AM   #15
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We've owned since 2010 at BLT. We now own at VGF and I'm still feeling the honeymoon glow I guess. LOL. But we are very pleased with our DVC choices.
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