Can you add "time" onto your DVC membership?

[DisTeach1]

We bought our membership 7 years ago, when memberships expired after 40 years. I thought I read somewhere that you can do an add-on, making your membership unlimited like other timeshare resorts.

Is that true and how do I do that?

 

[disneynutz]

I don't think that Disney will offer "unlimited" but they will offer extensions. They did it last year for OKW.

If there is money to be made, Disney will offer it.

 

[YourEveryDayAdam]

Disney only leased the land that the resorts sit on to DVC for a certain amount of time. After that time is up, by contract, Disney takes ownership of the resort.

However, for OKW, they did offer an extension. You have to pay for the extension, and you had the choice as to whether you got the extension or not.

They will most likely do the same thing for pretty much every DVC resort at some point.

 

[DisneyStarWisher]

The expiration is why some people bash DVC. I just went to a Westgate presentation. Our salesperson did not know we already own DVC, and he proceeded to tell every reason you shouldn't own a "club." One reason he gave is because it expires. I guess if I really look at the future, way into the future because my DVC membership will more than likely expire after I die, it does bother me that my grandkids won't be able to own it. But I also know I don't want to own a membership to a resort that's over 60 years old. I guess it would be nice though if some of the membership transferred into a new resort. Any insights or comments?

 

[Sandisw]

The expiration is why some people bash DVC. I just went to a Westgate presentation. Our salesperson did not know we already own DVC, and he proceeded to tell every reason you shouldn't own a "club." One reason he gave is because it expires. I guess if I really look at the future, way into the future because my DVC membership will more than likely expire after I die, it does bother me that my grandkids won't be able to own it. But I also know I don't want to own a membership to a resort that's over 60 years old. I guess it would be nice though if some of the membership transferred into a new resort. Any insights or comments?

My DH and I talked about this and we decided that worrying or being concerned about something over 50 years away is a bit silly. Who knows what time share programs might even still be running and we are buying DVC for us.

Years ago, I owned a different time share (gave it up in a divorce) and am glad. My ex ended up just letting it go and gave it back just to get out from under. He couldn't sell it, it had no value, and was more of a pain then an asset. It didn't expire, but what good was that when there was no buying market for it.

DVC seems to hold some of its value and it is an "investment" that retains some value years later. The closer we get to expiration, the less it will hold, but at that point, I will have gotten so much out of it, it won't matter.

The

 

[5forDiz]

There is no guarantee DVD will offer extensions to purchase at any other DVC resort just because they did that with OKW, but I think that they most likely will although I don't know how satisfied they are with the results on OKW extension. I don't know how many members signed on for the OKW extension at this point ( we didn't ) I'd guess that as the years go by and it gets closer to 2042 expiration date there may be members who will decide at that point it's worth doing ( I'd love to have a crystal ball to see what the extension price per points increases to as years pass )

 

[Lynne M]

DVC seems to hold some of its value and it is an "investment" that retains some value years later. The closer we get to expiration, the less it will hold, but at that point, I will have gotten so much out of it, it won't matter.

I couldn't agree more. To me, the only important questions are, "Was it worth the money I spent?" and "Will I get the value I expected over the time that I own it?"

For me, the answer to both is a resounding yes. As far as I'm concerned, I've already gotten my money's worth out of it, and I've only owned for 7 years. Predicting what will happen in 40 years is impossible. No one can say whether their kids or grandkids will even want a DVC membership half a century from now.

 

[maburke]

The expiration is why some people bash DVC. I just went to a Westgate presentation. Our salesperson did not know we already own DVC, and he proceeded to tell every reason you shouldn't own a "club." One reason he gave is because it expires. I guess if I really look at the future, way into the future because my DVC membership will more than likely expire after I die, it does bother me that my grandkids won't be able to own it. But I also know I don't want to own a membership to a resort that's over 60 years old. I guess it would be nice though if some of the membership transferred into a new resort. Any insights or comments?

I actually DON'T want to own a timeshare that will have an annual financial obligation in perpetuity. If my heirs won't use it, I don't want them to have the burden. If you owned a non-expiring timeshare that you couldn't resell and you couldn't give back, you'd never end the annual obligation. Many people inheriting timeshares are advised to refuse it for this reason.