The Biggest Myths About DVC
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- Опубліковано 9 лип 2023
- In this episode, the team discusses the biggest myths about Disney Vacation Club (DVC) membership!
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I haven't financed a contract, but instead of people thinking, "I shouldn't finance a vacation I can't afford," maybe they should think, "I can afford these vacations by paying some each month. I just can't afford to pay everything at once."
@@RoastBeefSandwich haha, yup
That's a good way too look at it.
Love the earlier shows you’ve done but this is starting to become a commercial for World of DVC every week. I know they are the major sponsors, but I enjoy the evaluations, reviews, best/worse lists from the past. With that said, I’ll continue to watch
I love the show, too. Right or wrong, it does seem like at least the last couple of shows led with "let me tell you why you should buy DVC." I think they could still get that in, but just lead with something more fun. Like I would rather hear about someone's recent stay, some DVC benefit, some story about booking, etc.
Appreciate the feedback. Promise we will be doing more of those shows soon!
Ummm... That's exactly what it's supposed to be?
Agree with @jaredshafer9162 …. I like recent shows but love the earlier ones
All I know is that I staying at the Floridian for a night, poly for a night and Animal Kingdom for 3 nights at the end of this month. There is no way I could have afforded that lineup without DVC. It’s going to be worth it for sure. now and in the future. My whole family is coming in from all over country for this. It’s a great place for a reunion.
Linda is so knowledgeable
I love this show. I don’t own DVC and never will - I’m in my 70s and don’t fly much - but my daughter and son-in-law are members so I have experienced how great it is. I watch because I enjoy spending time with these lovely people. Also it makes me happy to listen to positive Disney talk.
I agree.
You would be surprised how fast the "break even" point is with 300 points at the Riviera. For my family, it was 5 - 7 trips depending on the time of year and room type compared to the rack rate if you did cash bookings.
wow! Really? Great to know.
This is true. I am about halfway to breaking even after less than two years of Riv ownership, 7-8 trips mostly in studios. However, this is by comparing to cash rate info on Touring Plans. I assume they are accurate, but I also wonder how common it is to book at these full rates. Various discounts are possible, but I don't know exactly what they are or how easy it is to get them. I certainly don't wish for people to pay a lot, but if they're choosing to do so, it does give a certain perspective on the value of a Riv contract, in spite of the restrictions.
@@RoastBeefSandwich I agree with you. Unless you were planning on paying the rack rate before you purchased, it doesn't matter. Especially since Riv is way overpriced and I'd bet very very few actually pay the rack rate there.
I always feel bad for the Riv guests trying to board the Skyliner to Epcot and hoping someone will get off at that stop to make room for them...
But I do think it is a beautiful resort to visit. I just don't feel a need to ever stay there.
I bought BLT in 2022. The day after my wife and I signed our contract, the price per point went up $20 per point for BLT. I was ecstatic 😅🎉
Great Episode! My Biggest problem with DVC is when I've called to check availability across the entire property and there is nothing available for points but there is availability for cash, I just about snap at them and say I've spent my money to Own a DVC Vacation and you have the gall to offer me to stay for cash? What are you INSANE! Rant Over!
How often does that happen where there is no availability?
I am shocked that they actually propose you paying cash lol wow
Part of the reason I sold my DVC years ago. You are forced into making decisions almost a year in advance to just get a room you thought you would have access to. Life happens, not everyone enjoys year long prep for a vacation. Spontaneity died a long time ago with DVC.
Where’s Panda?
I have given DVC trips as birthday gifts to my grandchildren ( one as a 21st birthday[ Dec 22 ] for him and 6 friends. They had a great New Year's! And one granddaughter has celebrated her birthdays every year since she is 7 ( she'll be 18 this summer). A co worker got married and couldn't do a honeymoon, until my wedding gift of a week at OKW.
I could never be as generous to all of my family, not to mention all the personal vacations and family gathering we hosted. SO happy with our decision to buy
I agree so far that it has been worth it. I got tired of staying at value, moderate resorts and off property. Now when I go it’s so relaxing that the parks have become an after thought. We don’t want to leave the resorts as we have much more fun at the pools and the plus is when the characters come to you and play games with you and the kids.
I started with a 300 pt contract 10 years ago thinking "yep this is more than enough.' Ha....was I wrong. Now I collect points like theyre damn Pokemon
Twenty three years of owning DVC...direct..process was simple and straight forward..Many years of vacations with 3 generations of family...We never tire of the parks and resorts... always something new...
I enjoy that all of you are laid back But you all have positive attitudes Thank You I enjoy your shows
I bought and sold my resale DVC with DVC Resale Market...They were just the best and so easy to contact for all our questions and concerns.
I bought my first DVC contract of 50 points using Monera financing and it was also an easy and good expirience. I will be looking to buy more once this loan is paid off thru them again.
Took us 3 trips to break even on our 240 direct points at AK. love DVC !
Hotel is only part of the trip cost. With the price of tickets increasing, and removal of perks such as magical express & paid fast passes, the overall cost of a vacation has risen substantially. I’m glad I didn’t buy into DVC and am forced into a Disney vacation.
DVC owners can still rent for a profit even if they don't go... :)
Or they can often sell for a profit.
But yes, don't buy into DVC without considering the other costs of a WDW vacation which will still be there. (Although I visited during the Pandemic and skipped the parks and still had a pretty good time in the November weather...
Here’s a myth. Disney will maintain DVC properties to the same standard across all the properties.
We just got back from a trip that ended with four nights at the Boardwalk. I couldn’t believe the state of the room - there was a hole in the closet drywall (along with a lot of other marks), the armoire door was broken, the sink faucet was loose, there was dirt/mold buildup in the bathroom and the entry/bathroom floor was so sticky I had to clean the floor myself. I could go on…. I realize they’re planning a refurb and don’t want to put in wasted effort fixing things, but that doesn’t excuse the cleaning.
Something similar happened to that to our family one time a few years back BLT which is our home resort. We had a one bedroom and as soon as we went in, we were disgusted because it wan't cleaned properly and the former guests were destructive slobs. But we went down to the front desk and the kind staff member apologized profusely and made a phone call. Next thing I knew, we had a perfect two bedroom facing the park, without any additional charges or points. This was over ten years ago when they had more vacancy, and Welcome Home wasn't to a woke home, so I'm not sure that if that happened today we would have gotten the same outcome, but at the time, it more than made up for our initial unpleasantness.
Paul...LOVE the shirt!!
Pete is right! I believe a DVC Timeshare is the only Timeshare that goes up in value. I do not know about the future with a DVC Timeshare. My WorldMark Timeshare never went up in value. The only positive thing about purchasing a WorldMark Timeshare on the secondary market. Is you can purchase a one week stay in a 1 or 2 bedroom for only 3 to 4 thousand dollars. You can than join the Interval International Exchange Company. To exchange in to a DVC Timeshare. Talk about SAVING MONEY!! WOW!
pretty much all timeshares you can't even give them away for free
@@bbizzle82 For many, yes.
But I have been staying in DVC 1BRs and 2BRs this year by trading my old $1 ebay timeshare with microscopic annual dues compared to Disney, so it still has some value in the use of it... :)
I’m getting oh so tempted to jump into dvc for the first time
I am a big believer of "buy where you want to stay". I want to make my reservations at the 11 month mark and can only do that if i have enough home points at that resort. We split our contracts at different resorts (VGF/BWV/Poly) so that we can alternate resorts every year. Rarely have i changed at 7 months - only when our vacation date plans changed-(thank you COVID) and i had to scramble. Luckily we were able to switch from a December vacation to Bay Lake Tower in February.
Our only regret is not buying earlier. Old Key West 1997. Our first trip we went to another timeshare presentation bc we were down a day early. They told us we couldn't stay but one night. My husband said my face got red. I don't have a temper but don't tell me I can't stay. My reply was That's funny bc we've stayed more than one night already!! 😆 Our DVC salesperson told us to take the papers home and think about it. No pressure. I looked at the numbers etc. The memories are priceless! 🏰 We love staying at all the Resorts. ❤
As far as buying where you want to stay goes, it really matters more if all you want to stay in is a studio villa. We had no problem getting a 1BR at 7 months the first year that GFV opened because we wanted a 1 BR not a studio.
We own at Westgate (my parents got into it first and I came along when I became an adult) and they are the sleaziest! And holy pressure! What a despicable job that I would never wish to have or suggest anyone to apply for. That's too funny!
I'm truly glad financing worked out well for Paul and Amy, but as Pete said earlier in the show, past performance does not guarantee future performance. I bought a 160 point contract at Animal Kingdom Villas two years ago at the higher price Amy compared hers to, $135 pp to be exact. My contract is currently worth considerably less than what I paid--there was a bit of a bubble in 2021. If I'd financed my contract, I'd be paying interest on a contract that's worth less than I paid. While it's a bummer that I paid more than if I'd waited, at least I've been enjoying my DVC stays and not paying interest. I think Amy should've mentioned the possibility of prices going down in the interim rather than up.
She seemed pretty upfront that it was her experience and everyone should do the math for themselves. Overall, prices fluctuate just as real estate does but do go up in the long run. I don’t think we can expect the panel to put ten disclaimers onto every single thing they say. 1. This is not financial advice 2. It’s our own experience 3. Do your own math and research seems like enough disclaimer.
We've stayed at every resort on our points, WHEN we've wanted to stay there, do NOT "buy where you want to stay", where you want to stay WILL change, buy the most points for the buck, and move around.
Clearly Monera is tired of being called a crack dealer. I would be so uncomfortable if someone was calling my company that. I think viewers have to cringe too. Read the room, Pete.
Paul...where did you buy that awesome shirt?
Friends of mine that live in Florida. Feel like they get Florida rates to go to hotels and stay at DVC hotels so they do not think DVC is right for their family. They feel that the Florida rates that they get or going at certain times of the year where there are major discounts for alani does not equal out to getting a DVC contract.
"bankers, lawyers, etc"....lol, those are people that average higher deposible income levels. They are in a better position to be your biggest customer.
True story, Long story ( sorry) 2001 we took a timeshare “cruise” we had never even seen a cruise ship. We thought wow this is big until we pulled into dock next to a real cruise ship and had to look up😂. We did buy that timeshare, then went on to the next place, cancelled the first timeshare and bought there, had buyer’s remorse and cancelled that too. Next year we bought Saratoga Springs, got a discount because it wasn’t opening until April 2003. I think we got our buy back within the first couple years. We went 3 times the first year and at least two times for the next few years.
Do you think the cabins are moderate type accommodations and if so will it have a negative impact on resale?
19:20 I have to disagree with Vero Beach.... I bought a 230 VB contract about 10 years ago for about HALF what my brother paid for a 125 point contract at Grand Floridian. I normally stay at the 1 bedroom villas, not studios and usually take vacations in January, May and Sept.
Over the past decade we have been able to stay at practically every resort and the best part is that I was able to celebrate my 50th birthday at one of those true story, three-bedroom cottages, right on the beach at Vero Beach resort.
So yes if you're like me and you don't like going to Disney on the weekends and mostly go during the off-peak months, sure VB will work for you. And yes you will pay a bit more in maintenance, but that literally will take almost a decade to make a difference.
I can say Dani was great to deal with during our purchase at BRV this past March. Being 🇨🇦, it was a little bit of a leap of faith but if you do your research and some math, it becomes an easy decision if you plan to visit Disney regularly. DVC Resale reps were very professional, Dani especially so. Thanks!!!
PS : Amy you do not seem like a “crack dealer” in any sense. Tell Pete to stop😂
I agree. I love Pete but that was funny once.
It seems very inappropriate now given all he’s been dealing with as of late.
Talking of best rates for best credit, Disney is 10 years at 9.9%. monero is only 4 years at that same rate. Rate goes up at each other length extension (8 and 12).
Pete 😀!!!
My 25pt VBR contract was $2150 so we broke even after our 2nd trip
Unless you can leave clothes in the room for your next visit, or change the furnishings, you dont own anything. The only thing you own is space in the DVC computer files.
If you can sell it for a profit, you own something, even if it is structured more like a lease and it is a time-share.
Thank you for the video. I am confused on the cost of dvc. The Disneyland hotel dvc costs roughly 32 grand to buy in from what I saw. Do you have to pay 32 grand each year to maintain your dvc? That is, each year you are required to buy 150 dvc points as they expire? Do you know if Pixar pier in Disneyland will be getting dvc? Thank you.
I am not an expert so take this as you wish. But no, you buy in once and then only pay dues each year, which are about $11 per point.
Would you say a family from the UK is better buying resale contracts & buying an annual pass to cover 2 trips under that pass & get those food/merchandise discounts rather than buying a direct contract to get the DVC direct discounts? Xx
How often do you go or plan on going? Is doing all the parks a priority? What do you want out of your trip? I'd say resale you will save money. Depending on points, etc. And not get an annual pass. If you just buy direct you'd get discounts so again I eould t bother with annual pass.
I’d keep it to the top line maths. If you buy a large contract then you can save many, if not 10s of thousands of £s by buying resale. That is one heck of a lot of meals at 10% discount! You’re highly unlikely to recoup the cost of buying direct that way
Linda is the best!! helped us with selling. Now the title company is a different story... still waiting. 😢Not the best.
Is it a myth that you only save money with DVC if you compare it to deluxe stays? So for families that always stay moderate and value the DVC will cost more?
As someone who only stayed at Value disney resorts yes DVC is saving me money
It's definitely a product that appreciates a more upscale experience, but wont or can't pay for that experience. If your priority is only the parks and not where you sleep and hang out, it probably isn't worth it for you.
The break even point will happen sooner if you typically stay deluxe, however the rate of increase across hotels at disney is about 8 percent per year so over time it will absolutely make sense for moderate hotel guest. It just might take 7-10 years rather than 3-4(this is if you buy resale, direct will take a bit more than that)
Craig, buy some DVC already.
Drugs with The Dis. This didn’t age well.
Absolutely excellent example, Amy, of the benefits of financing with Monera for your Animal Kingdom contract as opposed to waiting to save up in order to purchase!!
Can you please stop the crack dealer and fentanyl jokes. Some people take their recovery serious.
Also, It makes Amy super uncomfortable Pete! Her body language says it all dude. Grow up!
"crack dealer" is such an embedded phrase in pop culture that I don't think many people flinch at it. But I also had to cringe at the fentanyl joke because we are in the middle of a fentanyl crisis. But Pete is just trying to be funny. Cut him some slack.
@@charliedurham4248 sorry man. You’re totally wrong on this. Joking about drugs and alcohol is not funny. And it will never be. Especially on a platform where kids are watching. I’ll never cut that immature guy slack. I had to call him out. And now he is long gone. Weird how that played out. I called him out on other platforms too and you are the only one who backed him up. Enjoy your crack jokes, loser.
Thanks!
Thanks for your support! 💕
You can buy a car for a lot more than that too! 😉
Here’s a myth. Disney can’t change the rules at anytime to make reselling your contract less valuable compared to a direct sale.
Depends.
They are limited by the contract language for the original resorts so there are some changes they can't make (like restricting resale buyers for SSR to only stay at SSR as with RIV).
But yes, DVC is moving to be more like Westgate as they admit in their press releases, in hopes of finding ways to devalue resale contracts as much as they legally can.
You still don’t really own anything with DVC. It’s still a rented property at the end of the day
better off booking hotels. looking at the initial cost to buy and don't forget paying maintanince fees every year.
It's a deeded real estate property that you can sell whenever you wish (and almost always at least break even.) Yes, you have to book it like an hotel room and you certainly don't have much of a say on how the property is run, but you are the owner of those points. You can even will them to someone when you die.
kind of hard to have paul and amy in this myth show since they are going o have a huge bias.
Perhaps, but the one saving grace is they are all owners themselves, so there's still one element of putting your money where your mouth is.
Yes.
If you really are staying at WDW every year and paying rack rate to stay at AKL or whatever, then maybe it is worthwhile to buy DVC at direct prices as an alternative.
Not sure there are that many people in that category, though...
It's not worth it.
i enjoy watching you all, i just do not want to take the plunge and support Disney in anyway at this time, with there overprice tickets to the park and other cost ie food etc
It becomes a question of if you are still going to Disney anyway. If that's not changing for you and the rest of DVC makes sense, then it sounds like it's net zero protest.
I make a video