A few DVC questions.....

[Alice42]

I am contemplating the idea of investing in DVC, but I am still unsure about some of the details....
1) Does Disney have payment options for your purchase? What are they?
2) If you buy into 200 points the first year and want to upgrade, can you do so at any time? Is there a penalty in doing this?
3) What are these "collections" I've been reading about (i.e. adventurer collection, Disney collection, etc..)
4) Are there any "cons" or negative aspects of investing in DVC?

Any help or info would be appreciated-this is a big decision for me!
Thanks

 

[gracelrm]

1)Disney will finance it for you - there is some down payment required, I just can't remember how much.
2) You can add-on a year later as long as they still have points available for your resort and for your use year - but almost everyone adds on- so my advice is go ahead and get more points if you can swing it now!!!!
3)The collections are different ways you can use your points - some for short stays at some very nice places - others are for a week-long trade through Interval International or the Disney Collection lets you use your points for trades into Disney resorts other than DVC resorts.
4)The only negative we've found with DVC is not being able to afford enough points to do everything we want to do!!!!!!

 

[wdwstar]

you will be there in 60 days, you should take a tour at the ssr and this way your guide can go over the fine details, how much to put down, ( to get start $500) interest rate its up around 9-10 percent, unless you take the loan out for a year.
then your guide can show you the collection and adventure, conceirge, its alot of info to type.
and your guide will be happy that your talking add on already, add on any time no extra fees except for the add on.

and your guide can show you how many points you need to do whatever you want in the disney collection

and yes the biggest disapointment is not having enough points to do evrything, but the best part is when you want to go, call ms make your ressies and it doesnt cost you a penny, its like your rooms are prepaid, now you can afford to buy more points

this is a great disboard and everyone will answer your questions, but if your going already, the best thing to do is go on a tour and talk to a guide, you will understand it better, good luck and cant wait to welcome you to the neighborhood

 

[MrShiny]

We just bought (close in June). The deals differ, but here is what we got:

200 points at $89 (REMEMBER, THEY GO UP TO $95 4/4/04)
10% down
$2000 "Magical Beginnings" (sold our first year's points to Disney for $10/pt. - added to down payment)
9.75% for 10 years
Annual dues can also be spread out over the year.

 

[Pa@okw95]

I would never use the word invest when talking about buying into DVC. All the points have the same value so I am not sure what you mean by upgrading, the first two hundred points are no less valueable then any others. You must know what you are really doing is leasing points that you can use anytime, on any size unit, that is what is so great about DVC> Beware if you buy into DVC it is really a real big expense. I have been going about 3 times a year to WDW since I was a member of DVC, that can, is an expense compare to once a year like I was doing before DVC. Now when you say it is a big decision, I would be careful, it sounds like you may not have that much extra money to spend on DVC and WDW. There are annual dues and taxes to pay also. At any rate if you have all you need at your home area and have extra money to spend on vacations then DVC might be for you.

 

[Doug Wolfe]

Go to this website:

www.disneyvacationclub.com

You can order a free video that will show you the resorts and collections and give you a nice visual tour of DVC.