DVC questions

[wdw47]

we are looking to become DVC owners but we have a couple of questions first DVC says we have to buy at least 150 points so we know we have to buy off the resale market in 50 point contracts as we want to pay up front in cash and have no finance charges DVC did tell us we can add to our owneship in 25 point units after we are owners we know by reading this site that useing points to take disney cruises makes no sense at all we would like to know what the least amount of points members would suggests we own we see member saying they have in the range of 300 points and the 4 dollar maintenance fee per point is that per month or per year.


if there was one main big draw back to ownership what would that be. ty

 

[jarestel]

That's a difficult question to answer. We started with 150 pts, ( the minimum ) but quickly decided we liked DVC so much, we added on to bring us to our current 575 pts. You can purchase low point resale contracts, but since you have to pay closing costs ( usually ), the cost can climb dramatically on a small contract. The main expense in any contract will be the annual dues over the life of the contract, so don't get too caught up in the initial purchase price. It's doable with banking/borrowing to make do with a small contract, but I think the more points you can begin with, the better off you will be in the long run. The maintenance fee is per year. Good luck!

 

[Scoootch]

Originally posted by wdw47
we want to pay up front in cash and have no finance charges DVC did tell us we can add to our owneship in 25 point units



we would like to know what the least amount of points members would suggests we own we see member saying they have in the range of 300 points and the 4 dollar maintenance fee per point is that per month or per year.

Personnaly, I would say buy the minimum amount of points it would cost you for the amount of time you think you would stay.

i.e. buy at least 100 pts if you plan to stay in a studio every year at OKW in Sept. -- the lowest point season(this would cost you 80pts for a full week including wknds) or 50 points if you plan on going every other year and want to stay in that same size/Time of yr. in OKW and you could bank points to manage this. Of course if you think you'd want a larger unit up the points for the size and do the same for the time of year you would most likely visit. Also base your point choice amount on how many points it would cost you to stay in the resort you would choose (I just used OKW as an example) BCV's or some of the other DVC's a studio for that same time cost just over 100pts.

While I totally understand you're wanting to pay outright cash for the smaller contracts, it's a great idea only if the amount of points will benefit you. And as already stated you'll need to buy re-sale and there will be closing costs to figure in. If managing by banking and borrowing your points will work for you than go for it. A smaller contract can work well for you if you only plan on visiting every other year or every 3 years but if you will visit every year, you'll want at least enough to cover 1 week a year (or however long you normally stay per year) - It really depends on how often you will visit.