DVC is a timeshare. You pay a lot of money up front and reap the savings further down the road. It will probably take us 6-8 years to break even on our purchase, but after that, our stays will be a fraction of the cash cost.
For example, with the 150 points that we own, we could stay in a Studio room (which is comparable to a standard guest room at any Deluxe Disney resort like the Poly or Grand Floridian) for 10 consecutive nights in September. Our annual dues (which members must continue paying throughout the length of the contract) run about $600 per year. So, spread over those 10 nights, we're averaging $60 per night for a Deluxe guest room with NONE of those 11.5% resort taxes. The rack rate on that room is $294 per night, or $327 with the tax included. So, with DVC, I'm saving $267 per night or $2670 over a 10-night stay.
And that's just one year out of the next 50 I can use my points.
Even if you assume some level of room discounting, the savings are still considerable.
Aside from the room, DVC has no packages. You have to book all of the components yourself.
The one area where DVC currently can't compete with packages is with regard to dining. DVC does not have a dining plan like the Magic Your Way plan. However, DVC claims an option for members is in the works.
If your sole priority is convenience, keep booking those packages and pay thousands and thousands of dollars for them. But if you are interested in saving tens-of-thousands of dollars over the next several decades, it would be wise to investigate DVC a bit further.