Whilst many will tell you that the points are only worth it if you use them in a
DVC resort, I have used mine both in DVC resorts, and in some excellent quality resorts around the world.
We have just returned from an exchange to to Marriott Aruba Surf Club - accommodations were fantastic, and definitely comparable to any DVC resort.
We did two trips to
Disneyland Paris, which worked out great value, as park tickets were included.
We did an exchange to the Four Seasons at Quinta de Lago in the Algarve. This probably exceeded what we would have got from DVC, as we got a three bed villa with pool, in exchange for a two bed hilton head low season. However, exchange rules have changed slightly since then. It would have cost us a fortune to have paid cash to stay there.
We also exchanged for a couple of nights to Vienna for a small amount of points and that was fantastic.
The only bad deal we had cash wise was to La Manga in Spain. The resort was lovely, but the apartment was basic, and it would have been cheaper to pay cash.
I am from the UK, and I've had great value trips through DVC. There are even more options available to those of you living in the USA. I think if you're going to spend at least half your points at a DVC resort, it's probably worth it. In saying that - although I love my DVC points - I could sell tomorrow, if I found a better home for the money. But, I wouldn't have lost anything. In fact I would have made money, plus I've already had some fantastic holiday experiences for a much lower price than if I'd paid cash.
If you're unsure, buy a small contract, as there are easier to sell.