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[DISLOVE]

Hi all... I have a question (one I am sure you get constantly).... How much money does it cost to initially invest
in the DVC. My husband and I love WDW and have gone every year since 97 (when we met). I want to join
the DVC so that I can ensure that I get to go often (more than once a year....wishful thinking). But I heard you had
to plunk down 10 grand just to get started.

Can someone give me a brief description of the costs and benefits?

Thanks!

Kristy

 

[KNWVIKING]

Minimum buy in is 150 points at $75.00 per= $11250.00.
The benifits to my family are priceless. Just keep reading the threads on this board.It will answer all your questions.

 

[Goofy&Sleepy]

If you buy from disney you have to buy at least 150 points and I think the point cost is $75 per point at this time. You can look at a resale and maybe get a lower cost, but you will lose out if you have to finance. Then you have anywhere from $3.25 - $4.00 per year maintance cost per point that is payable monthly. If you go as often as you say in your post you should make your money back before very long. The times of the year and the number of points you buy would effect how often you can go. There are others here who would know more than I. We just signed our paperwork and today is the day ours closes. Good luck in your decision.

 

[Terry Sheehan]

The answer to your question is "It depends". You asked

"How much money does it cost to initially invest in the DVC"

When we bought direct from Disney you could put down as little as 10% and the finance the rest over 10 years. All the interest is tax deductible from your Federal taxes. My guess is the same deal is now available. If you buy a resale you will have to pay cash or find your own financing. If you own your own home you may want to look into a Home Equity Loan to raise the cash.

Terry

 

[Lesley]

You have been given good information. Also check the DVC faq here and get all the official literature from DVC...they'll send you a video, book and some papers that give examples of their loan payment options. It does save you interest to pay cash for your membership (and it makes a resale much simpler) but financing is available through DVC.

 

[NJParkhopper]

Great information. In the words of the Nike ads: "JUST DO IT". We get to go at least twice a year now. How awesome is that!!!

 

[normr]

DVC ownership expires in the year 2042, it is a terriffic way of getting fabulous vacations for the next 40 years at a relatively set monthly cost, you lock in your cost for accomodations and won't have to search for "deals" anymore.

And you'll probably find yourself going more than once a year.

 

[mickey7861]

While the total for the 150 points would be $11250 plus annual dues the actual cash deposit minimum to finance is $500. Then you can finance the rest. They also offer incentive programs to add to your deposit. When we purchased the program offered to buy back your first years points for $15 each. This amount was then added to your deposit. Our friends were able to use the amount they had paid that vacation on WDW resort rooms to apply to their deposit at DVC.