Hello everyone,
I guess to start off - we have a trip booked for November 2020. Staying at Contemporary resort, garden wing deluxe room. We are paying roughly $5,500 for the hotel stay only. We are in our early 30's with a 5 year old and one on the way. We have been planning to take this vacation for some time, and picked Contemp due to its proximity to MK. I have several friends/coworkers who are DVC members. I didn't know much about DVC until the past month or so. We are not Disney fanatics.. but we have been to WDW several prior times, staying in Pop Century or similar.
My hang up is this - we are spending $5500 for a hotel room for 1 week. When we return home, we will have nothing to show for it but memories. I'm fully aware DVC is not an "investment" (although its an investment into future vacations), but I feel like our $5500 could be put to better use as a down payment on a DVC. With small children, we anticipate going back to WDW probably every other year.. for the next 15-18 years.
I really don't like the idea of buying Riviera @ 188/pt and from what I've read, will have restrictions on resale and etc. So my thinking was to purchase a resale from Disney. Roughly 100 points. I would use our $5500 as a down payment and probably finance the rest (most likely paying it off early). For our vacation in 2020, we would borrow from 2021 to use in 2020, giving us roughly 200 points to use for the vacation. Most likely, we would continue to bank or borrow for the next 15-18 years.
We are not wealthy by any means, but we do not anticipate having a problem paying the balance or maintenance fee increases as we progress through the years. Does this scheme make sense to anyone? What problems may we run into or what are we not thinking about? We were in Disney last month for a Halloween party and spoke with a DVC salesperson but we did not do the tour.
One of said co-workers purchased a 75 point resale @ Animal Kingdom for roughly 10,000. From what he said, he bought it direct from Disney and gets the additional "perks" of DVC membership. (Something that I am not so concerned about getting.) But in my eyes, I would be putting a 50% payment on 75 points right out of the gate.
Please share your thoughts with us! Thank you!!
I guess to start off - we have a trip booked for November 2020. Staying at Contemporary resort, garden wing deluxe room. We are paying roughly $5,500 for the hotel stay only. We are in our early 30's with a 5 year old and one on the way. We have been planning to take this vacation for some time, and picked Contemp due to its proximity to MK. I have several friends/coworkers who are DVC members. I didn't know much about DVC until the past month or so. We are not Disney fanatics.. but we have been to WDW several prior times, staying in Pop Century or similar.
My hang up is this - we are spending $5500 for a hotel room for 1 week. When we return home, we will have nothing to show for it but memories. I'm fully aware DVC is not an "investment" (although its an investment into future vacations), but I feel like our $5500 could be put to better use as a down payment on a DVC. With small children, we anticipate going back to WDW probably every other year.. for the next 15-18 years.
I really don't like the idea of buying Riviera @ 188/pt and from what I've read, will have restrictions on resale and etc. So my thinking was to purchase a resale from Disney. Roughly 100 points. I would use our $5500 as a down payment and probably finance the rest (most likely paying it off early). For our vacation in 2020, we would borrow from 2021 to use in 2020, giving us roughly 200 points to use for the vacation. Most likely, we would continue to bank or borrow for the next 15-18 years.
We are not wealthy by any means, but we do not anticipate having a problem paying the balance or maintenance fee increases as we progress through the years. Does this scheme make sense to anyone? What problems may we run into or what are we not thinking about? We were in Disney last month for a Halloween party and spoke with a DVC salesperson but we did not do the tour.
One of said co-workers purchased a 75 point resale @ Animal Kingdom for roughly 10,000. From what he said, he bought it direct from Disney and gets the additional "perks" of DVC membership. (Something that I am not so concerned about getting.) But in my eyes, I would be putting a 50% payment on 75 points right out of the gate.
Please share your thoughts with us! Thank you!!