Help, please

[UGAFan0829]

I was looking into the DVC to try and find out more info. about it. I did read the FAQ section, but I'm still confused as to how it all works. I am familiar with regular timeshares, but I'm not sure that I know enough to understand how the DVC works. For instance, on of my questions is I noticed that it stated sales for the timeshares end in like 2042, and then Disney re-assumes ownership, so what does that mean?

 

[Beca]

It means that you are the owner until your deed "expires" in 2042. DVC is more like a "vacation club" and less like a timeshare. You can will DVC to whomever you wish, but in 2042....DVC becomes the owner of ALL properties (except SSR which revert back to DVC in 2054). However, until that time you are considered the owner and must pay all taxes.



Beca

 

[Granny]

Basically that means that with DVC you are purchasing a Right to Use contract rather than the traditional deeded property of a time share. For some that's a drawback, for most it's a good thing.

Think of it as purchasing an allotment of points every year until 2042 (or 2054 in the case of Saratoga Springs Resort). With those points you make reservations each year at the DVC resorts. The points are used like Monopoly money to make reservations. Different resorts "cost" different points depending on the type of accommodation and time of year (just like any WDW resort).

You pay up front for the annual allotment of points, and then you pay about $4 a year per point in maintenance fees.


Ask more questions here, and you'll get answers quickly!

 

[CherCrazy]

Unlike other timeshares that sell themselves as "LIFETIME", Disney sells vacation ownership for a period of years. The newest resort, Saratoga Springs was sold as a membership for 50 years, as opposed to original sale expiration of 40 years for the other Disney Vacation Clubs.

Don't be fooled however by "lifetime" memberships. A very good friend of mine purchased years ago at a timeshare in Orlando. Now, they are knocking down that building and she has to pay about $18,000 to continue on with the new property. She has been under some high pressure sales tactics to make her cave in and purchase the new contract.

The way I figure it...my 50 years at SSR will pretty much close out my life...actually I hope I make it that long!! So it's lifetime to me!!

You'll find that sentiment probably with most of the DVC members. Read the posts and you'll find lots of postings on why people chose DVC.

 

[Beca]

The newest resort, Saratoga Springs was sold as a membership for 50 years, as opposed to original sale expiration of 40 years for the other Disney Vacation Clubs.

Actually, OKW was sold as a 50 year resort as well back in 1992. The other resorts were sold for "less" time to make the expiration date match that of OKW. I think SSR was changed because DVC could not see asking that much for a 38 year resort. Any new resorts will probably match the 2054 expiration, so they will not be 50 year resorts, either.



Beca