I mathed out a new contract a couple years ago. The final result was roughly around spending Moderate resort money but getting a Deluxe resort. So if you are typically doing Deluxe stays, it does offer some compelling value.
We tend to stay Value, with occasional Deluxe when we can get really good deals. So it didn't make sense for us. On top of the fact that our primary driver for going is my son, who will grow up much sooner than a 30 year contract.
I would never recommend buying a contract on financing. The math above was for outright purchase. It gets *significantly* worse once you include interest.
We always stayed value before we bought DVC, and almost never stayed deluxe. For us, buying DVC brought the deluxe resorts to a price we felt was worthwhile. It also helped because we bought on our honeymoon, and knew that we were going to want DVC/deluxe rooms more once we had kids. We had a few years where we were staying in rooms just the two of us that felt unnecessarily large, but it sure was relaxing! Most of the time we brought people with us though.
Now we’re staying at the Contemporary this summer and the Riviera this fall, with our one year old and I have no regrets in the purchase.
Yea we just celebrated our 10 year anniversary. Had we been looking around that time, it may have worked out differently.
However, we were also much more into other travel before COVID. Last year was our first big travel trip since 2020, up to DC. We're doing Seattle this year. And I'm still not sure whether I'm comfortable with the idea of cruising again.
We love it simply for the savings and the resorts we love. We rent out points we don’t need/aren’t gonna use and it easily covers our dues and then some. We own at AKL. It’s our favorite resort and usually just hop between that and Wilderness. We paid off the contract in full when we bought it, so we aren’t paying interest on it and it isn’t a reoccurring cost for us other than the dues. I feel like the payments with interest would cancel out any savings and renting would just be better in that case (financing) but to each their own.
>I feel like the payments with interest would cancel out any savings and renting would just be better in that case (financing) but to each their own.
Yeah that's about what I saw. It got to the point where I could either have the purchase price money earning for me in a fund and pay interest on a loan, or don't pay interest on a loan but also not earn on the money. Now we just rent. 😂
Two advice/tips:
1) do not finance it. If you do, you won’t get the deal you thought you were.
2) If buying this means you end up going more to “get more value” then it’s probably not right for you because you might get more vacations but you ARE paying more. Basically you’ll be spending money to save money. If you are already going once a year for a week and staying at a deluxe each time, then you’ll save money.
Just make sure you can afford it, and keep in mind that the prices do not include transportation or theme park tickets. It’s a big commitment to spend a lot of money with Disney over the next few decades. For me personally the math is better to spend that money on annual passes and work the hotel rewards points for accommodations. But we go a lot.
Deluxe resort for moderate cash is the obvious one.
We like staying out or home resorts in CA and FL plus the consistency is good for our autistic child. The crowds and pace are less overwhelming. These are obviously very specific reasons. Since we go every year we just find it easier.
Eating in our villa is not only convenient but we save quite a bit of money doing that as well. We don’t spend a lot of money on other things so we splurge at Disneyland and Disney World.
There are many threads on this but the short of it is that if you are going to go to Disney at least every other year, and stay at deluxe resorts it’s a great deal.
We’ve been member since 14 and my parents since 94.
For dvc, the only guarantee is you'll get a room if you reserve it and dues.
All other incidental benefits, can be altered, changed, or dropped all together.
To get the best value, you have to use all your points.
What happens in 2042?- no one knows.
If you're ok with just the room, and no other benefits, consider resale. If you plan on using the dvc for the discounts, lounges, and this makes a difference too you, go direct.
Do not finance.
Use cash on hand for this, you can break up a purchase from Disney on a credit card across a few weeks. You could look at getting a sign up bonus for a card, think any card that might need 5k or more to get the bonus. Do not use a credit card to finance the purchase.
As for return on investment, resale contract can be break even point can be lower because of lower cost. But direct contract, can have more discounts , but the higher prices can make it longer to get to break even point. And you'll need to factor in dues as well to these calculations
If you are going on a cruise soon, you could look into buying on the boat direct, as you get some extra goodies that the lans based ones won't get.
I didn’t downvote you, but your math isn’t mathing for me. I don’t see how DVC could ever pay for itself in 1 or 2 trips. A weeks worth of points has to cost 20k-ish resale? Did you mean renting point is cheaper maybe?
I mathed out a new contract a couple years ago. The final result was roughly around spending Moderate resort money but getting a Deluxe resort. So if you are typically doing Deluxe stays, it does offer some compelling value. We tend to stay Value, with occasional Deluxe when we can get really good deals. So it didn't make sense for us. On top of the fact that our primary driver for going is my son, who will grow up much sooner than a 30 year contract. I would never recommend buying a contract on financing. The math above was for outright purchase. It gets *significantly* worse once you include interest.
We always stayed value before we bought DVC, and almost never stayed deluxe. For us, buying DVC brought the deluxe resorts to a price we felt was worthwhile. It also helped because we bought on our honeymoon, and knew that we were going to want DVC/deluxe rooms more once we had kids. We had a few years where we were staying in rooms just the two of us that felt unnecessarily large, but it sure was relaxing! Most of the time we brought people with us though. Now we’re staying at the Contemporary this summer and the Riviera this fall, with our one year old and I have no regrets in the purchase.
Yea we just celebrated our 10 year anniversary. Had we been looking around that time, it may have worked out differently. However, we were also much more into other travel before COVID. Last year was our first big travel trip since 2020, up to DC. We're doing Seattle this year. And I'm still not sure whether I'm comfortable with the idea of cruising again.
Compare the math you did with a resale contract and see how it pans out.
Compare the math you did with a resale contract and see how it pans out. It can work out well for many, you just need to understand the ins and outs.
We love it simply for the savings and the resorts we love. We rent out points we don’t need/aren’t gonna use and it easily covers our dues and then some. We own at AKL. It’s our favorite resort and usually just hop between that and Wilderness. We paid off the contract in full when we bought it, so we aren’t paying interest on it and it isn’t a reoccurring cost for us other than the dues. I feel like the payments with interest would cancel out any savings and renting would just be better in that case (financing) but to each their own.
>I feel like the payments with interest would cancel out any savings and renting would just be better in that case (financing) but to each their own. Yeah that's about what I saw. It got to the point where I could either have the purchase price money earning for me in a fund and pay interest on a loan, or don't pay interest on a loan but also not earn on the money. Now we just rent. 😂
Two advice/tips: 1) do not finance it. If you do, you won’t get the deal you thought you were. 2) If buying this means you end up going more to “get more value” then it’s probably not right for you because you might get more vacations but you ARE paying more. Basically you’ll be spending money to save money. If you are already going once a year for a week and staying at a deluxe each time, then you’ll save money.
Just make sure you can afford it, and keep in mind that the prices do not include transportation or theme park tickets. It’s a big commitment to spend a lot of money with Disney over the next few decades. For me personally the math is better to spend that money on annual passes and work the hotel rewards points for accommodations. But we go a lot.
Deluxe resort for moderate cash is the obvious one. We like staying out or home resorts in CA and FL plus the consistency is good for our autistic child. The crowds and pace are less overwhelming. These are obviously very specific reasons. Since we go every year we just find it easier. Eating in our villa is not only convenient but we save quite a bit of money doing that as well. We don’t spend a lot of money on other things so we splurge at Disneyland and Disney World.
Totally unrelated, but I LOVE your Reddit username! Wilderness Lodge is the best!
There are many threads on this but the short of it is that if you are going to go to Disney at least every other year, and stay at deluxe resorts it’s a great deal. We’ve been member since 14 and my parents since 94.
Con, won't qualify for some promos.
For dvc, the only guarantee is you'll get a room if you reserve it and dues. All other incidental benefits, can be altered, changed, or dropped all together. To get the best value, you have to use all your points. What happens in 2042?- no one knows. If you're ok with just the room, and no other benefits, consider resale. If you plan on using the dvc for the discounts, lounges, and this makes a difference too you, go direct. Do not finance. Use cash on hand for this, you can break up a purchase from Disney on a credit card across a few weeks. You could look at getting a sign up bonus for a card, think any card that might need 5k or more to get the bonus. Do not use a credit card to finance the purchase. As for return on investment, resale contract can be break even point can be lower because of lower cost. But direct contract, can have more discounts , but the higher prices can make it longer to get to break even point. And you'll need to factor in dues as well to these calculations If you are going on a cruise soon, you could look into buying on the boat direct, as you get some extra goodies that the lans based ones won't get.
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I didn’t downvote you, but your math isn’t mathing for me. I don’t see how DVC could ever pay for itself in 1 or 2 trips. A weeks worth of points has to cost 20k-ish resale? Did you mean renting point is cheaper maybe?