Average age to buy into DVC?

Discussion in 'Purchasing DVC' started by Ugf1189, Jan 9, 2017.

  1. Ugf1189

    Ugf1189 Earning My Ears

    Joined:
    Jan 15, 2015
    Messages:
    17
    Im curious to know what the average age is to buy into DVC because my fiancé & I are wondering if we bought in too soon. I'm 27 & she's 29. Did we jump in to early?
     
  2. BillPA

    BillPA DIS Veteran

    Joined:
    Sep 7, 1999
    Messages:
    4,277
    I think someone did a survey on this a while back. I don't have a like to it.
     
  3. Avatar

    DIS Sponsor Disney Vacation Club Resales www.dvcstore.com


  4. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

    Joined:
    Dec 11, 2006
    Messages:
    27,521
    It all depends on you, your likes, your plans, your budget.

    You might be a little young to attend the association meetings though, attendees tend to me older. :-)

    :earsboy: Bill
     
  5. bwang123

    bwang123 Messages: 1,457,177,069

    Joined:
    Apr 10, 2012
    Messages:
    1,447
    we were both 32 when we bought in. we were looking at it 3 years prior though. its all situational.
     
  6. miTnosnhoJ

    miTnosnhoJ DIS Veteran

    Joined:
    May 7, 2015
    Messages:
    1,474
    It is not so much age. It is financial readiness.
    1) Do you love Disney and want to come often?
    2) Have you paid off student loans, if any?
    3) Do you pay credit cards off in full each month?
    4) Are you contributing fully to your retirement plan?
    5) If you have kids or plan to have kids, have you started saving for their college?
    6) If after paying all your monthly obligations you have plenty of disposable income?
    7) You have a rainy day fund in case of an emergency such as job loss?
    8) You can buy DVC without financing

    If you can answer yes to all these questions, (and I know people your age who can), then DVC is a great deal and can bring a lot of happy memories for your family.

    To put it another way, if you don't know how you are going to pay for your kid's college in 2034, then why are you buying a hotel room in 2034? And if you don't know how you will retire in 2057, why are you buying a hotel room in 2057? But once these are locked and loaded, DVC is a great way to spend your leisure dollars.
     
    Last edited: Jan 10, 2017
  7. Cyberc1978

    Cyberc1978 DIS Veteran

    Joined:
    Jul 19, 2016
    Messages:
    1,074
    I bought my first timeshare at the age of 29 - so age-wise I think you are good (I have to say that right :groom:)

    But it's different for everyone, you have to feel and be ready.

    But I do think (have no evidence) that the average buyer would be older hence you need to be in that place in life where you can see the value of owning and using it.
     
  8. schrammalot

    schrammalot Mouseketeer

    Joined:
    Jun 28, 2013
    Messages:
    322
    I was 25 and hubby (fiancé) was 29 when we bought our resale contract.
    We had to buy in after spending almost $2,000 on a room at Pop. I couldn't imagine spending that kind of money again on a room. We got a great OKW contract for $64/point for 150 points. We wouldn't go down as often as we do without it.
     
  9. kniquy

    kniquy DIS Veteran

    Joined:
    Dec 15, 2014
    Messages:
    2,547
    I don't think there is an age factor. Like others mentioned there are a number of factors in life. Some wait until they have little ones, others buy before they have kids and I am sure there are plenty of retirees who buy for either their use or for taking grandkids. Some want to wait until they have the cash saved to purchase others who are younger might be more apt to finance. I think age could play into where people buy. My speculation is that someone younger would lean towards the resorts with the longer contracts and someone older might be open to any contract. We bought just before I turned 40 -- we had the cash we picked a resort with a fairly longer expiration.

    You shouldn't put an age on when you should or shouldn't buy. It is really a financial decision as to when you are ready and able to take on the commitment. There is a whole element of research in knowing that you understand the system enough to buy in.
     
  10. Dtw002

    Dtw002 Mouseketeer

    Joined:
    Nov 12, 2016
    Messages:
    158
    This is a great rundown of the decision tree I went through. For years we wanted to buy in, but the opportunity cost of DVC vs say saving for kids college was too high. Once all the boxes are checked though, it was rewarding to buy without any hang up financially.

    One (advantage?) to buying young are those opportunity costs have not materialized yet. Having 0 or 1 kids, you don't realize you have to save $20k a year in 529s to pay for college like you do if you have 3+. Same with retirement, it's much further away when you are 24 than when you are 40. Because of that it might actually make the decision to buy in at a younger age easier if you have cash....but then I guess catch-up with you later.

    I presume DVC is like other optional purchases. It's a blessing if you are in the position to afford it, and a curse if you are over extended and can't make trips/dues.
     
  11. kapicka

    kapicka Mouseketeer

    Joined:
    May 19, 2007
    Messages:
    109
    My ages for buying were 38, 39, 39, 40. So I guess 39 was the average for me : )
     
  12. WDWNY

    WDWNY DIS Veteran

    Joined:
    Mar 3, 2016
    Messages:
    677
    You'll be able to use all 50 years up if you buy young :D
     
    kboo, glencoe and BestDadEver like this.
  13. Denise W

    Denise W Disney Veteran

    Joined:
    Aug 19, 1999
    Messages:
    1,430
    Your profile lists you as 16???? Is that correct and you are buying DVC?
    Denise
     
  14. mustinjourney

    mustinjourney DIS Veteran

    Joined:
    May 8, 2016
    Messages:
    1,871
    No hard data, but I'm guessing late 30s early 40s.

    And the average age is going to be higher than the median age.
     
  15. Maistre Gracey

    Maistre Gracey DIS Veteran

    Joined:
    Apr 23, 2002
    Messages:
    9,178
    I was 38, wife 31when we bought.

    I was 49, wife 42 when we sold.

    MG
     
  16. nene0182

    nene0182 DIS Veteran

    Joined:
    Feb 18, 2012
    Messages:
    1,042
    I was 31, my husband was 38 when we bought.
     
  17. Maistre Gracey

    Maistre Gracey DIS Veteran

    Joined:
    Apr 23, 2002
    Messages:
    9,178
    Are you my wife?

    MG
     
    kapicka and RossK like this.
  18. nene0182

    nene0182 DIS Veteran

    Joined:
    Feb 18, 2012
    Messages:
    1,042
    I did see your response and was wondering if you were my husband... But, we haven't sold so I think we're good
     
    brittanidp, kapicka, RossK and 2 others like this.
  19. Dtw002

    Dtw002 Mouseketeer

    Joined:
    Nov 12, 2016
    Messages:
    158
    Ha...was 16 21 years ago. Looks like you can't change the birthday without the admin.

    Just bought this year, so 37.
     
    kapicka likes this.
  20. BestDadEver

    BestDadEver New DVC Member

    Joined:
    Jun 13, 2012
    Messages:
    717
    I bought when I was 32

    20k a year is a bit steep . Unless your paying for Ivy League.
     
  21. oliver123

    oliver123 Earning My Ears

    Joined:
    Aug 13, 2016
    Messages:
    36
    Well it looks like I might be one of the youngest ;)
    I bought when I was 20 and I am 21 now. We love Disney and are from the U.K so it made sense for us to buy into it and I put it on a 0% credit card for 24 months so I can pay it back monthly :)
     
    glencoe likes this.

Share This Page