in a nutshell please......

[Jenfrog79]

I just got home from WDW and i saw tons of DVC stands around the parks. In simple terms, how does the whole disney vacation club work?

thanks!

 

[DVCLiz]

I just got home from WDW and i saw tons of DVC stands around the parks. In simple terms, how does the whole disney vacation club work?

thanks!

In a nutshell:

Purchase

Vacation Club points - a one time expense of approximately $100 per point, minimum purchase 160 points

Pay

Maintenance Fees - every year, approximately $5.00 per point

Stay

at any DVC resort and "spend" your points on a variety of accomodations -point requirements vary depending on the size of the villa, the time of year, and the night of the week

Enjoy

prepaid deluxe accomodations at WDW every year for the next 35 - 50 years, depending on the resort you chose and the year it expires

 

[Chuck S]

Simply, you are buying timeshare in a particular DVC resort. That interest in the timeshare is represented by points that you will receive every year on the anniversary of your use year month.

You spend those points instead of cash to reserve accommodations. You may reserve at your home resort (the DVC resort in which you have your ownership) 11 months from your check-out date. You may reserve at other DVC resorts 7 months from your check-out date.

Points can also be used to trade for accommodations at other timeshares through Interval International (a large timeshare trading company) and to other Disney locations and cruises.

You will have annual dues/maintenance fees/taxes based on the number of points you own, and which resort you own. These fees include the costs of Member Services to pay for the reservation personnel, management fees to pay Disney for managing the DVC and the employee costs and resort upkeep/operations. The fees also include an amount set aside in a fund for scheduled maintenance (like carpet and roof replacements) and some emergency repairs. If there is a disaster, like a hurricane, that devastates a DVC resort, the members at that resort may be assessed a special fee to rebuild...but that has never happened.

DVC is a leasehold timeshare, meaning that the timeshare will simply cease to exist at a pre-specified date, currently 2042, 2054 or 2057, depending upon which resort you own.

 

[markmyboy]

I'm going to jump in with a quick question here.
I know the DVC resort points are fixed at the time you buy in, but what about the interval international hotels/resorts? Are those fixed? Or are those likely to change (go up!!)
I checked out the DVC presentation on a Disney Cruise this weekend & that was the one question I forgot to ask!
Thanks

 

[Chuck S]

The number of points on the overall chart for DVC resorts are fixed, but they can be adjusted, if they increase in one room type or season, they need to go down in another. The overall number of points required for the entire resort for a year can not change.

As far as any non-Disney trade, including II, those points can change, and in fact, I think the II trades are less now than they used to be.

Non-DVC Disney resort trades, on the other hand, seem to increase some each year.

All the trade contracts to all locations are renegotiated periodically.

 

[ZekeKelso]

Good "DVC For Beginners" site:

http://dvcnews.com/index.php?option=com_content&task=view&id=186&Itemid=160

 

[WALTSAGOD]

In a nutshell:

Purchase

Vacation Club points - a one time expense of approximately $100 per point, minimum purchase 160 points

Pay

Maintenance Fees - every year, approximately $5.00 per point

Stay

at any DVC resort and "spend" your points on a variety of accomodations -point requirements vary depending on the size of the villa, the time of year, and the night of the week

Enjoy

prepaid deluxe accomodations at WDW every year for the next 35 - 50 years, depending on the resort you chose and the year it expires

Very good nutshell!!