Will DVC let you switch resorts at the last minute

hiptwinmama

hiptwinmama

Well-Known Member
Original Poster
BCVTalsJam said:
We own at Beach Club and my parents own at boardwalk. There would be a few issues switching.

1. It is harder to book this late at BCV since it is smaller. I know we book at our 11 month window just to be safe every time we plan to go.

2. BW is only 10 points a night for a standard view room and BCV is 15 for a standard view. The seller probably doesn't not have the extra points at the moment and does not want to go through the hassle of switching. But at this point the rooms are not available anyway.

3. The pool situation is annoying but you can go to the villa pools at BW instead of going over to BC. But I would take atvantage of Stromalong Bay at BC since no one is usually allowed to pool hop there.

...honestly I would look into buying your own next time you go and buy at the resort you want. So that you can make changes yourself. Of course you can only do this if you can afford it but its atleast worth a visit. My wife and I bought at Beach Club in 2011 and slowly add on more points as we can afford to buy more.

Good luck either way your at Disney so smile :)
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BCVTalsJam

BCVTalsJam

Active Member
Well that would be your own decision. If that's how you feel than great. We bought so we would have for a long period of time...not have to be at the mercy of what's available and so that we can make our own reservations ad not have to go through the seller...longer and more often vacations etc.. but if your comfortable renting than do so. It's up to you... :)
 
T

tjkraz

Active Member
hiptwinmama said:
Why would I ever buy... When I can rent it for only $300 more than the annual dues.
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One obvious reason would seem to be that owning gives you full control over your reservation rather than being subject to the whims of the person who owns the points.

Financially, either you're renting a very small number of points--which can also be inexpensive to purchase--or the person from whom you are renting is offering a very good deal. Question I would ask is how long will the deal remain that good.
 
BCVTalsJam

BCVTalsJam

Active Member
Also the fact that when the loan is paid your only paying your dues amount a month...but when you rent your always paying what the renters price is. Honestly I understand your complaint but if your at the mercy of renting you can't really say or do much since its up to what's available and the price that's being offered to you. It may be better to pay cash theb go DVC if you feel that way since you can do what you want.
 
hiptwinmama

hiptwinmama

Well-Known Member
Original Poster
So I should drop $15K for convenience.... I don't think so. I appreciate your advice, but it's so not worth it for us.
 
T

tjkraz

Active Member
hiptwinmama said:
DVC's are also only good for about 50+ years.. most other timeshares are for longer.
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Well, most other timeshares are irrelevant if your intention is to stay at Disney resorts. That's kinda like saying you want to buy a Cadillac Escalade but only if it gets 80 miles to the gallon. Such an animal simply doesn't exist.

I'd be curious to hear more about the financial terms of your rental deal. Using your own numbers, I find it hard to believe that someone would spend $15k on DVC points and then rent them for only $300 over annual dues each year. DVC isn't for everyone but those numbers simply don't add up in my opinion.

As for the limited ownership duration, it's a double edged sword. Yes it does mean that buyers will eventually have nothing to show for their initial investment (aside from the 50 years of discounted vacations.)

But consider how maintenance costs are likely to rise as the physical structures are 50+ years old. I will be in my early 70s when our DVC contracts end, and hopefully will be around to see it through to the end. I would take no pride in leaving that financial burden behind for my children. Do you really think that most heirs are thrilled to discover that they are now responsible for mom & dad's share of upkeep on a decades-old timeshare in Branson, MO?
 
GoofGoof

GoofGoof

Premium Member
hiptwinmama said:
So I should drop $15K for convenience.... I don't think so. I appreciate your advice, but it's so not worth it for us.
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Not sure which resort you are looking at, but $15K on the resale market will get you about 160 points at BLT. More like 250 at some of the older resorts. The dues for 160 points at BLT are $675. If you have someone renting you 160 BLT points for $975 ($300 more than dues) or about $6 per point you are getting an unheard of, really great deal and buying would absolutely never make sense for you. If you rent from one of the bigger named sites you are looking at around double that rate (between $11 and $13 a point depending on which site you use).
 
hiptwinmama

hiptwinmama

Well-Known Member
Original Poster
I rent from a person who doesn't look to make much money. Plus a friend of mine has one she never uses and has offered to rent it to me for her dues plus $200.
 
hiptwinmama

hiptwinmama

Well-Known Member
Original Poster
BCVTalsJam said:
Well enjoy renting every time...to eac their own :)...I know I would only rent my points out if I could make good money on them so make sure your getting a good deal!
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the person I rent from has owned for years her kids are in their early 20's so no family trips and no grand kids yet.
 
W

WWWD

Well-Known Member
It's not about being negative. You said that you rent from the same person and also have a friend who offers her points to use. However, neither one of those members will pick up the phone and call member services to have an immediate answer to your request? You shouldn't have to go to a forum for what your owner can do with one phone call.

When you rent, you trust in another person. Most of the time things work out, sometimes they don't. Owning allows DVC'er to have control over their vacations -it's like having your own car so you don't have to rely on some one else.

Also, no timeshare is worth anything 50 plus years out. Check ebay for typical timeshare values.

Hope you have a great and safe trip.
 
GoofGoof

GoofGoof

Premium Member
hiptwinmama said:
That should be a negative... less interest. Only a 50 yr vs 90+. Can't pass it on as long.
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Most timeshares are not a good long term investment so a "lifetime" contract is meaningless and can actually be a big negative. The company builds the timeshare and then sells the weeks and only the annual dues are there to insure that proper maintenance is performed. The original builder will never sink a dime of their own money into any improvements. As the buildings age there are going to be problems that cost money to fix. As the bills pile up the dues are raised to the point that owners start to bail. They sell their timeshare for $1 just to get out of the dues. If lots of people default and just stop paying dues they are forced to raise everyone's dues to compensate. This just worsens the problem. Unless you default and walk away from your timeshare (damaging your credit rating in the process) you are stuck paying those dues forever.

How is DVC different? First, Disney is a huge draw by itself. There is always demand for the rooms. Maybe some really desirable non-Disney timeshares could claim this too, but most cannot. If you stop paying dues Disney stops you from using your points and eventually will repossess the points. While you are in that period of being in default Disney will rent the points as a cash hotel room (along with the 5% or so they hold back from DVC sales). This way there is always cash coming in from those points and the other owners don't need to bear the burden of the lost fees. When the contracts are up for DVC (50 years now) the points revert to Disney and they will have the opportunity to do some major refurbs and then either resell the points or turn them into hotel rooms. The point here is the building will never fall into disrepair because of the limited life contract.

Disney also has ROFR where they can buy the DVC points back if you try to sell them for too cheap. This means your DVC points will never drop to $1 unlike a typical timeshare. If the DVC contracts were unlimited Disney would not have an economic incentive to refurb or upkeep the buildings or buy points back through ROFR. Now they have that incentive since they know they will be reselling the points at some point. They did a small contract extension at OKW already and it would make sense to assume they would do something similar for the other resorts. As the end of contract nears if people extend their contract the cash infusion can in part be used for infrastructure and refurbs (the rest is profit;)).
 
GoofGoof

GoofGoof

Premium Member
hiptwinmama said:
amazing the negative attitude towards us renters...so sad.
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I hope you don't think anything I said was a negative against renters. Renting DVC points is a really cheap way to stay at the deluxe resorts. In your particular case (as I stated earlier) if someone wants to rent you the points for that cheap it would make no sense to buy at all.

I can't really say I understand why someone would want to pay $15K to buy in and then rent their points for $300 over fees. It would take all 50 years just to break even and that doesn't include making anything for the time value of money. It works out to about a 2% return per year which I guess is better than a savings account these days, but not smart business when you could rent your points for a lot more than that even through an online service. That is not a negative against you as a renter. You are getting a great deal.
 

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