Am interested in the DVC... newbie

[kjasmin]

What is the difference between DVC and regualr Timeshare. I paid $1200 6 years ago for a TS week in My Amanzi, South Africa. Am able to trade it for nice RCI resorts on Kissimee. Still not Disney though, but nice! Here are my questions:

1. Can I transfer this to my kids?
2. Does the membership expire?
3. Any hidden charges?

 

[TammyAlphabet]

Yes, you may transfer to your kids when you pass on. Also, you can make reservations for them to use your points for vacations whether you are there or not at no extra charge.

Yes, the membership does expire. For SSR, the expiration date is 2054, for AKV, 2057. All others, 2042.

Hidden Charges? Other than maintenance fees, which will certainly be higher than your SA timeshare, I can't think of any that are 'hidden'.

I see that you have combined onsite and offsite vacations to WDW on a regular basis. I think you are wise to consider DVC. Keep reading and learning and ask questions here.

HTH!

 

[kjasmin]

Yes, the membership does expire. For SSR, the expiration date is 2054, for AKV, 2057. All others, 2042.

So, can we extend the expiration? Lets say, in 2057, my kids want to own or extend the time, is there an option? Or they pretty much purchase new points.

 

[JWG]

So, can we extend the expiration? Lets say, in 2057, my kids want to own or extend the time, is there an option? Or they pretty much purchase new points.

Expires. Likely have to repurchase. Since we're so far away who knows what will happen, but maybe there will be a special "re-buy" option. Remember, the points purchase pays for the construction.

 

[Mtnman44]

Don't forget, there are potentially going to be DOZENS of new DVC resorts built over the next 50 years. I can easily imagine a senario of selling your existing DVC contract every 10 to 20 years (at a profit) and buying in at the latest resort thus extending your DVC ownership time.

Disclaimer: Everyone KNOWS that buying a timeshare is not an investment and should not be done with the expectation of a profit. however, based on what has happened thus far, it seems reasonable to believe that DVC values will increase for a given contract, at least for the first 20 years of the contract.

Many OKW owners that bought during the first years are probably in the position to do this now if they wanted to. They bought for $55 a point and can now sell for $80 a point and then go ahead and buy an AKV contract for $93 or so, a very cheap "extension".

 

[byoung]

Don't forget, there are potentially going to be DOZENS of new DVC resorts built over the next 50 years. I can easily imagine a senario of selling your existing DVC contract every 10 to 20 years (at a profit) and buying in at the latest resort thus extending your DVC ownership time.

Disclaimer: Everyone KNOWS that buying a timeshare is not an investment and should not be done with the expectation of a profit. however, based on what has happened thus far, it seems reasonable to believe that DVC values will increase for a given contract, at least for the first 20 years of the contract.

Many OKW owners that bought during the first years are probably in the position to do this now if they wanted to. They bought for $55 a point and can now sell for $80 a point and then go ahead and buy an AKV contract for $93 or so, a very cheap "extension".

I agree.