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General DVC Discussion For discussion on how the DVC works and resort information.
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Unread 12 Aug 19, 01:14 AM  
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#1
captbnut
Relaxing at the Grand Floridian
 
Join Date: Jul 16
Calling DVC Members: Please explain how it works

I spoke to a DVC guy this evening and it sounds a better deal than I was expecting (or at least more affordable).

The way I understand it is we would pay an amount in dollars monthly for 10 years and that gives you 100 points/ year for 50 years. On top of that there is an annual fee - how much is that, does it go up a lot each year?

Do you find you get a good choice of accommodation? If you go for a 2 bed place, how many nights does 100 points generally get you (I assume 5-6 rather than 8-9)? He said we could will the deed to children.

Can you sell points to friends/ family if you wanted a couple of years off?

Basically, is it good value? How do you think it compares to a villa? We're really looking because next time we come the kids will need their own room so hotel costs will double anyway.
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Unread 12 Aug 19, 02:00 AM  
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#2
jellytots
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Join Date: May 11
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Depending on your home resort, room location and the time of year you visit will vary the nightly points required. 100 points will give you 2-3 nights a year if you plan to go every year or alternatively you can bank/borrow to give you more nights if going less frequent.
Have you considered buying through a dvc resale company? Using one of the resale company will cost less or more points for the money but you lose buying direct benefits.
Please dont go by what the dvc rep says take your time and do your own research to make an informed decision.
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Unread 12 Aug 19, 12:38 PM  
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#3
captbnut
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Relaxing at the Grand Floridian
 
Join Date: Jul 16
Thanks

This is the first we'd ever thought of it. I knew it wouldn't be as clear cut as we'd been told.

Reading some of the DVC threads, it does seem like is a system that doesn't benefit those who need to come in school holidays as much. I know we wouldn't want to come to Florida every year.

I hadn't heard of resale until last night. I suppose how much people have paid isn't the kind of thing that people want to discuss. We were told $18800 over 10 years yesterday. Plus the annual fee
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Unread 12 Aug 19, 02:05 PM  
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#4
2point
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Join Date: Aug 04
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A quick average

Studio - 15 points a night
1 Bed - 30 points a night
2 Bed - 40 points a night
3 bed - 80 points a night

School holiday periods are very points heavy.
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Unread 12 Aug 19, 02:56 PM  
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#5
zavandor
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Join Date: Jan 19
You can easily calculate how many points are needed for different room sizes, resorts and season with a point calculator like this one:
dvcrequest/cost-calculator.asp
(click on show point amount)

DVC offers you the chance to prepay for your future vacations and get a discount. But if you finance at the horrible rates Disney offers you, the interests will eat away all your savings. Basically, for the first 10 years you wouldn't save a penny.
DVC can actually be a good deal but:
- do not finance, unless you expect to repay it withins a very short amount of time
- buy a resale contract, not direct
- and above all, do not buy Riviera. DVC has introduced heavy resale restrictions which may cause a collapse in pricing if you ever want or need to sell
- if you're happy with moderates and value DVC won't save money, but it can be a way to upgrade your accommodation to deluxe level
- you need to be able to book at least 7 months in advance, even better 11 months in advance during DVC busiest period: between the end of September and Marathon week end in January

Edited at 03:00 PM.
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Unread 12 Aug 19, 04:28 PM  
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#6
SnowWhite
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Join Date: May 19
Location: Kent
I would suggest renting points before making a decision to spend (especially if you plan to finance the deal) . That way you'll get a feel of what to expect in a DVC villa.
Have a look at what David's Vacation Club Rentals offers dvcrequest/default.asp
Also check out the resale sites - not sure which site this allows so just Google DVC Resales - there's a huge difference in price per point to buying direct.
Good luck with whatever you decide to do, but please please do your research before making such a huge commitment.
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Unread 12 Aug 19, 06:15 PM  
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Shooby doo
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I know when you write $18880 over 10 years it doesn't sound a lot but that's 16k plus interest plus dues! 100 points will maybe get you 6 nights in a 2 bed every 2 years, a 2 bed at AK renting the points is approx 2000 so 9.5 holidays or 18 years but that's only to get back your 16k you've still got to get back your interest & dues.
Personally I wouldn't buy until the exchange rate improves, I also wouldn't buy at Riveria, the resort hasn't even opened yet & someone posted a contract where the points had dropped 50% in value! The statistics are that most owners sell after 15 years & that's a big hit.
It's also worth considering, if you are "only" staying for 6 nights in your DVC, where are you staying for the rest of your holiday? These are costs that you generally don't consider, likewise passes,flights, spending money etc By the way it's very easy to sign up when you have your Disney glasses on, if you are financing then you have to do it there but I recommend that you look at Resale & if you have to finance then do it with a UK loan

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Unread 12 Aug 19, 08:48 PM  
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#8
captbnut
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Join Date: Jul 16
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Thanks everyone so far. Renting points for our next trip sounds like a great plan to try it out. Is that the best/ only way to get into DVC accommodation?
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