RESALE POLICY CHANGE!

The perks can evaporate at any time. Don't ever pay a premium for them.

You are correct that perks can and will change, sgtdisney. But for those of us that did buy direct, we can be sure that whatever perks, benefits may be offered now or in the future, we will be included.
 
It has happened dozens of times during my 20+ years as a member. Contracts clearly state this. All of them outline that the purchase is ONLY timeshare interest. Not any possible discounts, etc. Sorry.

This is true, but Disney should be honest then and stop using the perks as a selling point. They are a gift from Disney, not a benefit or a right. Everyone buying should remember that, especially as they listen to any sales pitch, from anyone Direct or Resale.
 
I agree that it is beyond crazy that the information first sent out was apparently wrong re: date of purchase for the new rules impact, but the bottom line is that NO one that is buying into DVC for a deeded real estate interest in order to get accommodations at a decreased cost has lost anything. Every member regardless of when they purchased has access to book the DVC resorts in their respective booking windows. No one should have ever bought into DVC for the perks/benefits/discounts. That just makes NO sense whatsoever. Perks and benefits have changed more times than I can count since I joined in the early 90's. The contracts are patently clear that benefits/perks can change at any time for any of us members.

While I do agree with you to a certain extent, I have to say that when we signed on our resale contract (which is currently awaiting estoppel) we were under the impression that we'd at least get the currently-advertised perks. However, the biggest issue for me is the spiteful nature of what Disney is doing. By not giving us a membership card and banning us from member events, they're basically saying we're not members. We aren't paying all this money to be treated like second class citizens. Disney's "high school mean girl" approach really has us rethinking our resale purchase. It gives me an uneasy feeling signing a contract for the next 41 years with a company that can treat people like this.
 
I'm thinking of cancelling my resale! Can they legally change a policy while basically in transit?we have already placed a binder on the property. To me this seems unlawful seeing as money has already been exchanged.AmI wrong?

Legally, yes, because no perks are guaranteed. Last time though they gave notice and by the time anyone was signing they were also signing that they knew about the restrictions. The last restrictions were not great to hear about either but it probably was handled as well as could be expected. This time it's about as poorly as could be expected. :sad2:
 
You are correct that perks can and will change, sgtdisney. But for those of us that did buy direct, we can be sure that whatever perks, benefits may be offered now or in the future, we will be included.

Agreed, we bought direct in 1992. But we didn't buy when perks were being used as a sales tool. Well the free tickets were used as a sales tool, but that was also something contractually defined and we knew it had a hard expiration date. Boy did we use them though for 8 years. :)
 
The one thing that does irritate me with short stays is when an owner snags a premium holiday reservation at the 11 month window and then posts it here to rent out to non owners.

Where do you see this happening?

In the DVC rent/trade board it states clearly:

If you are a DVC Member wanting to rent an existing reservation made using your own DVC points please submit a thread to be validated. The arrival date MUST be within 30 days and we would suggest using "Reservation for Rent" as the title. We will allow a maximum of two existing reservations to be offered within the last 12 months. Premium Plan members in good standing will be allowed to post up to 3 existing reservations within the last 12 months without regard to the arrival date.

So someone books at 11 months then holds onto it for 10 months until they can list it? And they can only do it twice a year? Unless they pay the Dis.



I think I might be the only one whose reaction was - wow, that might drive down the resale market a little giving me another buying opportunity to add to my stash.

Plenty of people said it. People who are forgetting that someday THEY might be the sellers...



So if I already own and purchase points resale after 4/2016 - Will I still have membership perks on the prior owned points or do I effectively loose all perks after a resale purchase from this day forward? What am I missing here? Can't I just use membership perks on my old ownerships from this day forward? Thanks for clarifying!

Why would it erase the perks you get from having a direct membership? If you sold that, sure. But if you still have it, why would that happen?

Thanks, Bumbershoot. I've been doing this DVC thing for 23 years so I am of course checking. But honestly I have a couple of GV weeks booked as I'm not sure which dates/location will work best for my large and spread out family yet so I am not too concerned or I would be checking a few times/day. :cutie:

Oh good. Looking at sig and join date I wasn't able to determine how long you've been a member of DVC. Glad you know already. (and they had somewhat recently started doing waitlists correctly, then stopped again...so some people were getting confused!)

think that the flurry of all these changes, in the parks as well as DVC, is probably the result of Shanghai

They can say it all they want. But Shanghai should be Shanghai. It should have its own budget and they should use their credit and realize that soon enough Shanghai will be generating its own money. (or so they hope. I can't imagine it. DH came home with asthma from the pollution there, and he's not asthmatic, so I don't know why anyone would want to go outside there and stay all day)

If they made bad decisions and didn't properly fund their construction, I think it's rotten of them to put it onto DVC owners. And to be doing all this cost-cutting. Their poor decisions shouldn't impact us, IMO.

ok so some are talking about adding points that are direct after a resale purchase. how does that help? does it suddenly give you back all perks you might not have had? i assume no. i assume you only would keep what you were grandfathered in before a change. for example i purchased about 2013. i can't use points for cruises or regular disney hotels. but i keep my perks before today. . . for now. so if i buy points now direct i lock myself in if they change anything else going forward? i don't suddenly get access to older things like the points on cruises and hotels from the property that aren't dvc?

? If you add direct points, then you are now a direct member. You can only use the directly purchased points for a cruise or a normal hotel. But YOU are a member and get the member perks.

?????????? For real?
Saving about $60 per point x 310 points is almost $20,000. There is a HUGE SAVINGS difference in resale vs direct. Don't know your agenda but if you can't be honest to present your opinion you obviously know it's not good.

I think that person is taking 20K, dividing it by 40ish years, then by 12 months. Saying it's "only" $40 or whatever a month. That's an odd way to look at things! After all, when looking at buying things on credit in a smart way, we're supposed to see how MUCH it will cost over 40 years; not look at how cheap that monthly payment is, right?
 
What is very interesting though, is this. The general consensus is that Disney did this to boost Direct Sales. So the implication is that Disney is doing this and using the "perks" as a sales tool. However as many people have stated here before the perks can come and go at any time. As we've seen this weekend, Disney can give and Disney can take. So read and heed, anyone buying Direct now because of the benefits, would best be warned. Direct buyers beware, if Disney tries to sell based on the perks, remember this thread and how it blew up in 3 days. The perks can evaporate at any time. Don't ever pay a premium for them.

The thing, is these perks are obviously a carrot to some. Disney knows that and will use it to their benefit. I happen to be just one that looks past the fluff, to the meat of what I am really getting.
 
This is true, but Disney should be honest then and stop using the perks as a selling point. They are a gift from Disney, not a benefit or a right. Everyone buying should remember that, especially as they listen to any sales pitch, from anyone Direct or Resale.

You said it far better than me, sgtdisney. Thanks.
 
The thing, is these perks are obviously a carrot to some. Disney knows that and will use it to their benefit. I happen to be just one that looks past the fluff, to the meat of what I am really getting.
Agreed. It is always wise to read all the fine print and fully understand what you are actually buying. Pixie Dust or not, it is a real estate transaction at the end of it all.
 
I'm thinking of cancelling my resale! Can they legally change a policy while basically in transit?we have already placed a binder on the property. To me this seems unlawful seeing as money has already been exchanged.AmI wrong?

Disney states that Member Extras can be revoked at anytime, so according to them yes it is legal. They could theoretically revoke the Extras for all members I believe. The contract says nothing about Member Extras, so I do not think that it is part of ownership rights.

Edit: copied from "Member Services Acknowledgement and Disclosure statement"

Membership Extras, such as vacation options in the Disney and Concierge Collections, certain discounts, offers, and special events are incidental benefits. These incidental benefits are subject to change or termination without notice, may require the payment of a fee and cannot be combined with any other offers or promotions. Membership Extras are also subject to availability and block-out dates may apply, including high periods of demand such as Christmas and New Year’s Day. To receive any Membership Extras, purchasers must present a valid Disney Vacation Club Membership Card along with a corresponding valid photo ID. Disney and Concierge Collections options are not available for ownership interests not purchased directly from Disney Vacation Development, Inc. after March 21, 2011, and, effective April 4, 2016, Members who have not purchased an ownership interest directly from DVD will not have access to Membership Extras.
 
While I do agree with you to a certain extent, I have to say that when we signed on our resale contract (which is currently awaiting estoppel) we were under the impression that we'd at least get the currently-advertised perks. However, the biggest issue for me is the spiteful nature of what Disney is doing. By not giving us a membership card and banning us from member events, they're basically saying we're not members. We aren't paying all this money to be treated like second class citizens. Disney's "high school mean girl" approach really has us rethinking our resale purchase. It gives me an uneasy feeling signing a contract for the next 41 years with a company that can treat people like this.

I do understand what you are saying and why you would feel that way. Only you can decide whether to move forward is right for you, but I can tell you as a very, very longtime member (and if you read through the DVC threads that are NOT about this new resales rules thing) that I truly love what DVC has meant to me and my family. My children have grown up having wonderful trips I would not have been able to provide otherwise. I have a large family so I never do less than a 1 bdrm, and almost always do a 2 bdrm or GV. It is a such a warm feeling to book several days in a GV and send the invite out to our now grown kids. And so wonderful when we are together. If staying in lovely accommodations and saving money doing it by being a DVC member is important to you, I urge you to become a DVC Member.
 
I am really angry with Disney for this. I am a first time purchaser and have 2 contracts that were sent to DVD for ROFR on March 24th. I signed these contracts thinking I would have membership privileges like the 25 th anniversary events, discount on AP's ( this is a big one..$800 per year) and now I feel cheated. I would love to cancel these contracts at get my escrow deposits back.... This makes me feel that Disney is less than magical... When I contacted my brokers yesterday that said I would be grandfathered in... Now it seems Disney is changing the rules daily.

I think losing my $2125 deposit might better than spending $35K on DVC .. When Disney wants to treat people who buy resales as non-members. I would have bought direct but have no interest in staying at the Poly or GFV.

I think in your case, if I were spending that much, rather than throw away $2125, I would go ahead and purchase a small direct contract as well to become a direct member. At this point if you hurried, you might even be able to close on the direct one before the resale and have the small direct one be your master contract- that would be a question for the guides and member services.
 
Sadly, DVC did not let you know that they are currently selling all DVC resorts - not just GFV and Poly. Regardless, you might let your resale broker know that you feel you have been mislead and the conditions which you made your offer are no longer valid and you wish to rescind your offer and get your deposit back. It might be worth a try.

Sorry you have been caught up in Disney's cruel ineptitude. :(
Good luck with that. Sorry to say, since I'm in the same boat, but the broker takes their commission out of the seller's money, not the buyer's. The broker has little to no incentive to eat the deposit. And honestly, I don't blame them. The brokers didn't cause this mess.
 
I wonder how many DVCers use APs. The ones buying 100 points to bank/borrow to go every 2-3 years certainly aren't.

Just b/c you don't stay at DVC doesn't mean you don't go, though. We've stayed several times at normal resorts, and we bought DVC (direct, sight unseen, on faith darnit) BEFORE we ever went to Orlando at all. Had nice stays at Pop, Sports, Music, POR, CBR, and AOA just off the top of my head.

DVC seems bent on proving its just another timeshare.

Ayep. Just like DCL is bent on proving that it's just one of the many mainstream cruiselines instead of anything special!
 
Can you please post that letter on here?

Thanks!

Dear Disney Vacation Club Member,

Our goal at Disney Vacation Club has always been to create magical experiences for you and your families – experiences you simply can’t find anywhere else but Disney. As our Member community continues to grow, we want to make sure we can continue to deliver the Membership Extras that add value to your overall experience – offerings that are provided as a premium advantage to our Members who purchase directly from Disney Vacation Club. With that in mind, please be aware of a policy change regarding the availability of Membership Extras to our membership. As previously communicated (effective March 21, 2011), Getaways included within the Disney Collection (e.g., Disney Cruise Line and Adventures by Disney) and the Concierge Collection, which are now part of Membership Extras, have not been available for ownership interests not purchased directly from Disney Vacation Club. Now, effective April 4, 2016, Members who do not purchase their ownership interest directly from Disney Vacation Club will not have access to other Membership Extras, such as exclusive Member experiences and discounts. Please know that as a current Disney Vacation Club Member (regardless of when or where you bought your membership), your access to Disney Differences and these additional Membership Extras will not be affected by this policy change. For more details about our Membership Extras program, please refer to our Membership Extras Acknowledgment and Disclosure Statement available online at disneyvacationclub.com. We see this policy change as a very positive step to ensure that, going forward, our Members who purchase directly from Disney Vacation Club receive a premium advantage – in addition to all the magic that Disney has to offer. Speaking of membership advantages, you’ve probably heard about the exciting Membership Extras introduced as part of the Disney Vacation Club 25th Anniversary. With this celebration, we’ve created unprecedented and exclusive Disney experiences for you and your family. In fact, just weeks ago, nearly 16,000 of you were able to enjoy the Disney Vacation Club 25 and Beyond Bash at Magic Kingdom Park. Meanwhile, more than 10,000 Members have entered our Disney Vacation Club Silver Anniversary Sweepstakes, and thousands of you have booked the Member Cruise sailing from New York later this year. In the coming months we’ll be bringing you even more spectacular Membership Extras as part of the anniversary, from exclusive merchandise and one-of-a-kind events (including exciting plans for the West Coast) to an all-new Member Lounge opening later this spring in the Imagination! Pavilion at Epcot. And there’s so much more Disney Vacation Club fun on the horizon! Thank you, as always, for being part of the Disney Vacation Club family – a family we are proud to serve. We look forward to welcoming you home again soon!

Sincerely, Ken Potrock Senior Vice President & General Manager Disney Vacation Club & Adventures by Disney ©Disney
 
I know this upsets many of you, but honestly I just don't see it. As a business Disney should try everything possible to make direct sales. If anything caused this, it was everyone shouting how crazy you were to buy anything but resale. Think of how many times lately advice has been given here to resend a direct buy and consider resale.

The business perspective is interesting. I agree with you to a great extent, but the other issue is that there is significant value in the DISNEY brand. And their future revenue depends on the value of that name and its association with quality. In general timeshare companies have a horrible reputation. While I don't think that this is nearly enough to make Disney = timeshare weasel, there is a bit of a reputation cost.

In my particular case I'm currently a post-2011 "Member" who was starting purchase on a pretty large contract. That would have meant we would be going more often. We're probably going to rescind the offer now and at least wait awhile to see what happens. While we purchased originally with eyes-wide-open about extras, I think this still sends a message to existing owners and it does change the probabilities of future value. In our case it will lead to probably less business as we're less willing to have the money tied up with Disney long-term.

Business-wise, it will be interesting if DVC actually plans to take advantage of driving down resale prices (if they do) and increases promoting direct add-ons at all resorts and ROFR activity. I'd be a bit surprised if they do, but maybe they've realized that building resorts with higher and higher point costs and higher and higher points for rooms has come to an end, so they need to figure out how to make revenue off the existing resorts.

Bruce
 

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