Maintenance Fees

[jstarcze]

I'm just starting to explore the possibility of a DVC purchase. Can someone tell me when the annual maintenance fees are assessed? Is it each calendar year, UY or on your closing date for the contract? Thanks for your help.

John

 

[Sandisw]

MF's are due each January and are billed by the calendar year. You have the option of paying in full or setting up for monthly debit from a checking/savings account.

When you purchase direct from Disney, they will prorate the MF's from the time of purchase (so I am told).

Right now, BLT's dues for 2009 do not start until after August (when it opens) so no one will pay a full year. VGC, are also prorated for 2009 since it doesn't open until sometime in the fall.

If you buy resale, than MF's will need to be paid at time of closing, unless you negotiate with the seller something different (ie: I just sold a contract and I am paying all 2009 fees, buyer doesn't start until 2010).

Good luck!

 

[DisneyWalker44]

Other than the year you buy in, fees are due January 15 regardless of your use year. If you let Disney direct bill your bank account, it can be split into 12 payments (and there's no interest adjustment or anything, each is 1/12 the amount due).

 

[scot@dvcstore]

jstarcze,
Below I have the 2009 annual dues rate for each DVC resort. Not sure if you have these but hope this helps.

The 2009 maintenances fees (Annual Dues) at the different DVC resorts are as follows:

Bay Lake Towers $3.67 per point
Animal Kingdom Villas $4.85 per point
Saratoga Springs Resort $4.34 per point
Old Key West Resort $4.73 per point
Beach Club Villas $5.00 per point
Wilderness Lodge Villas $5.04 per point
Boardwalk Villas $5.21 per point
Hilton Head Resort $5.36 per point
Vero Beach Resort $6.41 per point

To find what your annual dues would be, multiply the number of points you would own by the price per point for the resort that would be your home resort.
(Example: 160 points owned at Saratoga Springs -- 160 x $4.34 = $694.40
annual dues)

 

[gkrykewy]

You might also find this useful:

 

[CMOORE185]

What is VB(sub)?

 

[Chuck S]

What is VB(sub)?

Vero Beach was initially planned to be a much larger resort, and the original dues were based on dividing the operating costs between a larger number of owners. When the plans for expansion across the highway were scrapped, dues increases for those early purchasers were limited by law, thus those early purchasers dues will increase by the maximum allowed by law every year, until (if ever) they reach the amount of current dues. The developer (DVD) is subsidizing the difference between the legal maximum of those dues and the current dues rate.

 

[jstarcze]

Thanks to all for your help.

John

 

[Dean]

When you purchase direct from Disney, they will prorate the MF's from the time of purchase (so I am told).

Yes they do prorate the dues the first year for several reasons. First, they prorate based on when you get the points since DVC dues are charged on a calendar year basis and not a UY basis. For example, if you buy now for a Dec UY and get no points until Dec, you would pay only 1 months of dues for this year. In addition, if you get current UY points, DVC still prorates for the rest of the year since you get reduced use of the points in the current UY. In the Dec UY example I used, if you bought now and got 2008 and 2009 points, you'd pay from when you signed, approx 6 months worth of dues. In the past DVC has had a promotion once or twice where you paid no dues the first year but it's been a while.

 

[CMOORE185]

Vero Beach was initially planned to be a much larger resort, and the original dues were based on dividing the operating costs between a larger number of owners. When the plans for expansion across the highway were scrapped, dues increases for those early purchasers were limited by law, thus those early purchasers dues will increase by the maximum allowed by law every year, until (if ever) they reach the amount of current dues. The developer (DVD) is subsidizing the difference between the legal maximum of those dues and the current dues rate.

Thanks Chuck for answering my question.

 

[BobH]

Anyone know if you can buy a "subsidized" re-sale contract and keep that rate for maintenance dues or do your dues get raised to the "unsubsidized" rate if you buy a re-sale contract at Vero Beach? Thanks.

 

[Sandisw]

Anyone know if you can buy a "subsidized" re-sale contract and keep that rate for maintenance dues or do your dues get raised to the "unsubsidized" rate if you buy a re-sale contract at Vero Beach? Thanks.

I have read that you can and a few of the listing emails I have gotten from resale brokers that had VB contrats mentioned the subsidized fees.

 

[Jason@dvcstore]

Anyone know if you can buy a "subsidized" re-sale contract and keep that rate for maintenance dues or do your dues get raised to the "unsubsidized" rate if you buy a re-sale contract at Vero Beach? Thanks.

The Timeshare Store, Inc.® has had some contracts for Vero Beach with the "subsidized" dues up for sale but Disney ended up buying them back. We sold them for quite a bit higher than the other Vero Beach contracts typically sell for but Disney still bought them back.

If Disney wouldn't buy them back then the buyer would get the contract and would get the "subsidized" dues.

Jason

 

[Lisa loves Pooh]

We purchased last year (August or Sept I believe) and we had developer points, plus we paid no MF's until this past June. (AKL that we purchased--we were not permitted to book our regular allocation for visits that began prior to May 1ish).

Ours is $74---it is what we signed at contract time. I think this is pro-rated as our Use Year is Dec 1. It seems by all accounts here, that is the case. Learned something new.

 

[backyardponder]

When looking at MF's, also consider how many points it takes to stay at the resort. To stay at BLT you need more points. Some folks are buying BLT anticipating lower dues and plan to use their points at the 7 month window at other resorts.