This DVC stuff :)

Discussion in 'Walt Disney World Resort Hotels, Hotels, DVC and V' started by keith, Jan 12, 2014.

  1. Tink

    Tink Administrator Staff Member Administrator

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    Really good and updated info, Mari. It used to be that there were no differences at all between the two forms of purchase other than Disney would finance if your credit was good. Some other minor bits, but nothing as significant as not being able to use the points in the same manner between the two.
     
  2. Beccaberry

    Beccaberry Moderator Staff Member Moderator

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    Quick question RE: resell DVC's

    I thought I'd read somewhere that if you purchase a DVC property through a private party (a resale), you only receive the DVC rights for the number of years remaining on that contract. So for instance, if a contract was originally purchased as a 40 year contract, kept for 10 years and then resold - the person purchasing the resale would only have a 30 year DVC ownership.

    Is that correct? Or, does the membership "reset"?
     
  3. Tink

    Tink Administrator Staff Member Administrator

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    I don't know, but I would hazard a guess that it does NOT reset. I would imagine you are buying what remains.
     
  4. Beccaberry

    Beccaberry Moderator Staff Member Moderator

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    I don't find it much of a stretch to believe it could be true. If it is, it would definitely be another reason to consider buying through Disney - at least for us.
     
  5. Mari

    Mari New Member

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    Thats true. Contracts for DVC last for 50 years, so, contracts for any of the first built DVC properties will expire sooner than the ones for BLT and GFV. The only one where this doesnt necessarily happen is OKW, but only for the contracts that were extended
     
  6. Beccaberry

    Beccaberry Moderator Staff Member Moderator

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    Thanks, Mari! You're becoming quite the authority on all things DVC! You're a quick study! I'll be picking your brain A LOT in the upcoming months!
     
  7. Tink

    Tink Administrator Staff Member Administrator

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    Thank you so much, Mari! It's good to have someone in the know for the new policies. Things have changed quite a bit. :yes:
     
  8. Beccaberry

    Beccaberry Moderator Staff Member Moderator

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    Have just spent over an hour on a DVC Resale site digging and researching (with a dash of dreaming thrown in for good measure)...this could be dangerous.

    The prices aren't quite as bad as I thought they would be...
     
  9. Mari

    Mari New Member

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    Well, Im in no way an expert, but did have to dig around and ask a lot before purchasing! ;)

    So Ill be more than happy to help wherever I can :)
     
  10. Mari

    Mari New Member

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    You enter a waitlist, and then when a contract of that type shows up, Disney buys it, and then sells it to you. The thing is, if you are picking a sold out resort, you will get a much better deal in the resale market than with Disney, and you can check out various companies and ask to be notified when something ismilar to waht you want shows up. It will be cheaper. Especially because with Disney you could be waitlisted for months.
     
  11. Beccaberry

    Beccaberry Moderator Staff Member Moderator

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    So...talk to me a little about "use year" :confused:
     
  12. Tink

    Tink Administrator Staff Member Administrator

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    Well, from my "old info" perspective, use year is defined by the first month in which your points are renewed. For us it is February. Every February, we get our points placed in our account, minus any we borrowed the year before. We can reserve our home resort 11 months out from our use year month. Any other resort has to wait until 7 months out. Use year will also drive the time frame in which you have to bank any points you may want to bank. If you don't bank them by a certain date, you'll have to use them.

    Hopefully, that gives you a feel for use year, but hopefully someone else who can better explain it, and fill in any blanks I've left will come along!
     
  13. Britchick

    Britchick Well-Known Member

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    So what happens when your contract is up? Do you get an option to extend or will they resell?
     
  14. Britchick

    Britchick Well-Known Member

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    Also, if you buy resale can you use the points at disney land California and Paris? Thanks
     
  15. Mari

    Mari New Member

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    As Tink mentioned, its the month when your new points appear in your account. Since you can always borrow points from next year, it might not be a factor what your use year is.

    The importance of use year really depends on the time of yearyou travel, mainly in case of a cancellation. If you travel during the first 8 months of your use year, if you ever were to cancel your trip, you would still have enough time in your use year to travel again or rent those points out and not lose them. However, say you have a December use yearand you regularly travel for Xmas, if you were to have to cancel your trip, you would only have until December 30th of that same year to use said points, so you would probably lose them.

    The other thing about use year, depending on use year is your banking window. This is in case you will not travel 1 year and want to use those current year points for next year's holiday. I thought it would be complicated to remember, but the DVC website is super user friendly and it willlet you know your final banking date, what your 7month window is at any given day, and what your 11 month window is :)
     
  16. Mari

    Mari New Member

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    In theory you could book Villas at Grand Californian with your points. In practice it is apparently very difficult to do unless you own there because the resort is tiny. So most rooms are booked by 7months.

    Paris, there is no DVC property there. I think you could use your points for a regular resort room, but Im not 100% sure on that!
     
  17. Beccaberry

    Beccaberry Moderator Staff Member Moderator

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    Great information, Mari and Tink! Thank you!!! :hug2:
     
  18. Vikki

    Vikki Well-Known Member

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    I'm wondering about this too. Once the contract is up, is that it? Everything goes?
     
  19. Beccaberry

    Beccaberry Moderator Staff Member Moderator

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    From what my research has suggested and from what I've read, yes that's about right. Disney (and you) have fulfilled your contractual obligation and you part ways.

    In the situation of OKW, they did offer an extension at one time (into 2057, I believe) but there has been no indication whatsoever that this is something they might offer at other DVC properties.

    That's always been a sticking point for me with DVC...that feeling that I never actually OWN anything, I'm basically just renting it for 50 years (not entirely accurate, as it's still an investment; but you know what I mean). With any other timeshare I've ever considered, I actually own something in perpetuity.

    Of course, I'm starting to get over that ;)
     
  20. Britchick

    Britchick Well-Known Member

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    for me the length is fine, i will be into my 80s :jawdrop: when it ends. But would like the kids to benefit, although by then they'll be in their 50s!! :hide:
     

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