News Disney Vacation Club announces plans for more than 350 new cabins at Disney’s Fort Wilderness Resort

[Comped]

If he can get the magic band scanner working I would be impressed...

 

[Disney Analyst]

If he can get the magic band scanner working I would be impressed...

I was telling my partner... he'd have gotten it taken apart and working within a day I am sure, haha.

 

[Comped]

I was telling my partner... he'd have gotten it taken apart and working within a day I am sure, haha.

As bonus feature you can't lock pick one of those! Well I guess that's also not a benefit all the time...

 

[Tony the Tigger]

Got another follow-up call. Apparently, everything is going up by $8 per point very soon(?)

They offered me a deal that was not as good as the last deal. And since prices are going up, it’s never going to happen. I’ll never be able to justify paying more than what was my best deal.

In the meantime:

We did sit for the IHG meeting, and believe it or not, we did buy at a low level. With all the DVC info fresh in my head, this was a much better deal and a much lower cash outlay - although, it’s obviously not good for Disney trips. Apparently, if you upgrade to a high level, you can use it at Disney as well. I’m not counting on that. We do need to mix up our trip destinations a bit more, anyway. Also, this deal never expires. Maintenance fees are low, and can be paid with points from their version of a credit card, which I haven’t decided whether or not to bother.

Update on that corporate BOA card with a 1.5% cashback: turns out since I am a certain level Customer, thanks to my business, I’m bumped up to about 2.4% cashback, which is pretty crazy. Thanks to @Touchdown for putting that thought in my head.

 

[HauntedPirate]

Got another follow-up call. Apparently, everything is going up by $8 per point very soon(?)

They offered me a deal that was not as good as the last deal. And since prices are going up, it’s never going to happen. I’ll never be able to justify paying more than what was my best deal.

In the meantime:

We did sit for the IHG meeting, and believe it or not, we did buy at a low level. With all the DVC info fresh in my head, this was a much better deal and a much lower cash outlay - although, it’s obviously not good for Disney trips. Apparently, if you upgrade to a high level, you can use it at Disney as well. I’m not counting on that. We do need to mix up our trip destinations a bit more, anyway. Also, this deal never expires. Maintenance fees are low, and can be paid with points from their version of a credit card, which I haven’t decided whether or not to bother.

Update on that corporate BOA card with a 1.5% cashback: turns out since I am a certain level Customer, thanks to my business, I’m bumped up to about 2.4% cashback, which is pretty crazy. Thanks to @Touchdown for putting that thought in my head.

Correct, there is an $8/point bump coming February 10 for all properties except DL, which are rising $3/point.

 

[Comped]

Got another follow-up call. Apparently, everything is going up by $8 per point very soon(?)

They offered me a deal that was not as good as the last deal. And since prices are going up, it’s never going to happen. I’ll never be able to justify paying more than what was my best deal.

In the meantime:

We did sit for the IHG meeting, and believe it or not, we did buy at a low level. With all the DVC info fresh in my head, this was a much better deal and a much lower cash outlay - although, it’s obviously not good for Disney trips. Apparently, if you upgrade to a high level, you can use it at Disney as well. I’m not counting on that. We do need to mix up our trip destinations a bit more, anyway. Also, this deal never expires. Maintenance fees are low, and can be paid with points from their version of a credit card, which I haven’t decided whether or not to bother.

Update on that corporate BOA card with a 1.5% cashback: turns out since I am a certain level Customer, thanks to my business, I’m bumped up to about 2.4% cashback, which is pretty crazy. Thanks to @Touchdown for putting that thought in my head.

Not as much of a fan of IHG as MVC (personal preference due to growing up a Marriott kid, and occasionally stayed in MVC properties in exchange for a presentation), but both are miles better than Disney for both vacation variation and your money. Nice choice.

 

[Fido Chuckwagon]

We did sit for the IHG meeting,

@Tony the Tigger

You really really really should rescind immediately. Outside of DVC (and even then in limited circumstances), buying direct from any other timeshare is basically a complete scam. You can almost certainly purchase whatever you bought direct for pennies on the dollar. Seriously, rescind before it’s too late, you can always buy again later after you’ve done your research on what you really purchased. Failure to rescind will likely be something you regret.

The fact that you posted:

Apparently, if you upgrade to a high level, you can use it at Disney as well

Indicates you were sold a complete and utter load of horse ****. You were lied to, you were scammed, rescind while you still can.

I am a regular poster on the timeshare user groups. I own multiple timeshares at Wyndham and Marriott (All Resale). Please believe that I know what I am talking about and you have made a large mistake that can only be rectified if you send a rescission letter within your fast closing rescission window. The product you purchased is worth $0 to negative money on the resale market.

Edit: Just in case you don’t want to take my word for it, and just because I hate to see people make a terrible financial decision that they will absolutely definitely regret, here’s the link to the Timeshare USer Group forums. Post here and ask their opinion:

Buying, Selling & Renting Timeshares

Discuss all aspects of buying, selling and renting timeshares here. No advertising allowed!

tugbbs.com

Just remember. If you rescind now, that “deal” you got will always still be available if you research your purchase more and decide you still want it. If you don’t rescind, you will lose the chance to do that forever. However, I guarantee after you research it further you will not decide you want to buy it direct.

 

[Tony the Tigger]

@Tony the Tigger

You really really really should rescind immediately. Outside of DVC (and even then in limited circumstances), buying direct from any other timeshare is basically a complete scam. You can almost certainly purchase whatever you bought direct for pennies on the dollar. Seriously, rescind before it’s too late, you can always buy again later after you’ve done your research on what you really purchased. Failure to rescind will likely be something you regret.

The fact that you posted:

Indicates you were sold a complete and utter load of horse ****. You were lied to, you were scammed, rescind while you still can.

I am a regular poster on the timeshare user groups. I own multiple timeshares at Wyndham and Marriott (All Resale). Please believe that I know what I am talking about and you have made a large mistake that can only be rectified if you send a rescission letter within your fast closing rescission window. The product you purchased is worth $0 to negative money on the resale market.

Edit: Just in case you don’t want to take my word for it, and just because I hate to see people make a terrible financial decision that they will absolutely definitely regret, here’s the link to the Timeshare USer Group forums. Post here and ask their opinion:

Buying, Selling & Renting Timeshares

Discuss all aspects of buying, selling and renting timeshares here. No advertising allowed!

tugbbs.com

Just remember. If you rescind now, that “deal” you got will always still be available if you research your purchase more and decide you still want it. If you don’t rescind, you will lose the chance to do that forever. However, I guarantee after you research it further you will not decide you want to buy it direct.

Gee, thanks.

Signed over a month ago. It was under $12K for as long as we live. We mostly travel weekdays on short notice. Gets us nicer rooms than we would otherwise get. Unlikely to be used in Orlando.

 

[Comped]

@Tony the Tigger

You really really really should rescind immediately. Outside of DVC (and even then in limited circumstances), buying direct from any other timeshare is basically a complete scam. You can almost certainly purchase whatever you bought direct for pennies on the dollar. Seriously, rescind before it’s too late, you can always buy again later after you’ve done your research on what you really purchased. Failure to rescind will likely be something you regret.

The fact that you posted:

Indicates you were sold a complete and utter load of horse ****. You were lied to, you were scammed, rescind while you still can.

I am a regular poster on the timeshare user groups. I own multiple timeshares at Wyndham and Marriott (All Resale). Please believe that I know what I am talking about and you have made a large mistake that can only be rectified if you send a rescission letter within your fast closing rescission window. The product you purchased is worth $0 to negative money on the resale market.

Edit: Just in case you don’t want to take my word for it, and just because I hate to see people make a terrible financial decision that they will absolutely definitely regret, here’s the link to the Timeshare USer Group forums. Post here and ask their opinion:

Buying, Selling & Renting Timeshares

Discuss all aspects of buying, selling and renting timeshares here. No advertising allowed!

tugbbs.com

Just remember. If you rescind now, that “deal” you got will always still be available if you research your purchase more and decide you still want it. If you don’t rescind, you will lose the chance to do that forever. However, I guarantee after you research it further you will not decide you want to buy it direct.

Care to explain why he got a bad deal?

 

[BrianLo]

Care to explain why he got a bad deal?

Most timeshare products lose 75-90% of their value when purchased via the developer versus resale market. DVC is a bit of a rare exception - and even then not consistently. In most cases of desirable DVC resorts over a medium 10 year horizon you can get back the purchase price.

I can’t speak to IHG, but with impunity one should almost never purchase from a developer. They trick you with “direct benefits” that at best might be worth 10% of their purchase price. Based on a quick perusal of this tugbbs thread, this advice clearly applies to IHG.

Just bought a Holiday Inn vacation timeshare

Hi There, I just bought a timeshare along with my wife this last Saturday, but after finding this site, we are thinking about rescinding. We bought 100k points for 20k at the resort at Scottsdale resort and bought this while visiting the Cape Canaveral Resort in Florida. After reading some...

tugbbs.com

Which is not to say all timeshares are valueless, but you should enter at the value (resale) that they are at - if you truly want it and if you’ve done extensive research.

Edit - IHG timeshares appear to be given away for free, which tends to be a good warning sign that you will be losing money even as a member.

 

[Ayla]

Care to explain why he got a bad deal?

Because timeshares like that are virtually worthless.

 

[nickys]

Because timeshares like that are virtually worthless.

That depends on how you define “worthless”.
If you only consider resale value then yes.

But Tony said he paid $12k and would get 30 years of vacations. That’s $400 a year, which would be around $60 a night if it gets him a week.
There will be maintenance fees too, but even if they’re another $400 a year, that’s still a reasonable cost per night imo.

So then the question is could they get a comparable week for the same cost elsewhere, year on year?

Worth, value, whatever you want to call it, for some people is a strictly financial calculation, some even look at it as an investment calculation.

Others see value as more of an emotional decision. A week’s vacation in varied (or the same) location, making memories and experiencing that “on vacation” feeling. All the while knowing that it’s half (or more) paid for.

And I suspect the majority will be somewhere in the middle.

Now if you’re on the hook for maintenance fees for life, that’s another factor. Which is why some will pretty much give it away, unable to sell.

And that is where DVC suits many people better, because there is an end date. And because there is a resale value.

I bought in 2010. I can sell my contract for more than we paid - for now. At some point that might not be the case, and for those who bought more recently it’s not and is never likely to be the case.

It also takes longer for recent buyers to reach their break-even point.

 

[BrianLo]

That depends on how you define “worthless”.
If you only consider resale value then yes.

But Tony said he paid $12k and would get 30 years of vacations. That’s $400 a year, which would be around $60 a night if it gets him a week.
There will be maintenance fees too, but even if they’re another $400 a year, that’s still a reasonable cost per night imo.

So then the question is could they get a comparable week for the same cost elsewhere, year on year?

Worth, value, whatever you want to call it, for some people is a strictly financial calculation, some even look at it as an investment calculation.

Others see value as more of an emotional decision. A week’s vacation in varied (or the same) location, making memories and experiencing that “on vacation” feeling. All the while knowing that it’s half (or more) paid for.

And I suspect the majority will be somewhere in the middle.

Now if you’re on the hook for maintenance fees for life, that’s another factor. Which is why some will pretty much give it away, unable to sell.

And that is where DVC suits many people better, because there is an end date. And because there is a resale value.

I bought in 2010. I can sell my contract for more than we paid - for now. At some point that might not be the case, and for those who bought more recently it’s not and is never likely to be the case.

It also takes longer for recent buyers to reach their break-even point.

More succinctly worth versus value. IHG timeshares are worthless, but not value-less. You can be given an IHG timeshare for free, buying one is throwing money away to buy it directly, it’s not worth anything.

DVC has worth and value, which is pretty unique. I don’t think exclusively because of the expiry, because in many ways the resale market oddly ignores contract length as long as it possibly can. Something that depreciates shouldn’t be worth more at year 30 than year 10.

I don’t know if @Fido Chuckwagon knows of any timeshares other than DVC that hold significant worth? Probably some legacy weeks at select desirable resorts I’d imagine.

I didn’t say anything initially because I didn’t want this to turn into shaming, but the literacy on timeshares is lower than I would have expected here, so maybe someone else in the future can be spared.