Membership Auto-expiration

[MagicallyMom]

Hello,

I'm starting research into buying DVC, but it looks like even if I buy in, the home resort I'm considering will automatically cancel my membership in 2047.

What happens after that? I start over from square one? Is there a discount to renew?

TIA.

Edited for considerable typos.

 

[disneynutz]

Start over from square one. Disney may extend the dates for a fee but no guarantee that they will.

Bill

 

[MagicallyMom]

I can't find a good resource for when all the resort memberships expire, does anyone have a link they can share?

 

[erionm]

I can't find a good resource for when all the resort memberships expire, does anyone have a link they can share?

Post #8 in this thread: https://www.disboards.com/threads/dvc-resource-center-updated-march-2017.3514540/

 

[MagicallyMom]

Post #8 in this thread: https://www.disboards.com/threads/dvc-resource-center-updated-march-2017.3514540/

Thank you both, this is great.

 

[chalee94]

Yes, DVC is more like a lease than a typical purchase.

As you have noticed, the DVC resource thread has a lot of great information on the DVC resorts and overall program.

 

[supersnoop]

DVC is essentially a "Right to Use" (RTU) timeshare. You're buying a room that sits in someone else's land and you only have a 50-year lease on the land. After that, they get the land back.

 

[DebbieB]

Which resort? None expire in 2047. The originals expire in 2042, then SSR in 2054.

 

[MagicallyMom]

Which resort? None expire in 2047. The originals expire in 2042, then SSR in 2054.

I typo'd it, sorry. I struggle with typos on my phone all the time.

Animal Kingdom, 2057!

 

[dclpluto]

Old key west had an extension if you wanted. Forget how long or how much.you only had so long to make up your mind also. That was years ago. No guarantees they will do it with the other resorts.

 

[KAT4DISNEY]

I typo'd it, sorry. I struggle with typos on my phone all the time.

Animal Kingdom, 2057!

Which is still 40 years down the road. A possible 40 trips to WDW or more depending on how often you would be buying to go. It's also 40 years of dues increases. Prsonally I like that it ends - who knows what the dues will be and if it still has the resale that it does now. Or what the parks will be like or if they'll even still be operating. Or if DVC will still be owned by Disney or have been sold off and is being operated by someone else. 40 years is a a lot of time for things to change.

Even with an expiration it's still about looking at the numbers and if there are savings for you over what you currently book for a Disney trip or will get you upgraded accommodations for a similar cost as what you normally pay then it still can be a benefit to own.

 

[Chuck S]

After 50+ years of high usage, and constantly changing technology, the resorts may be in need of major overhaul, and could be to a point it is cheaper to tear down and rebuild. I mean, who had Wi-Fi and cell service when OKW opened...and what will technology be like 25 ears from now? Even extremely well maintained properties, like the original Contemporary tower and the remaining garden wing, are showing their age at nearly 50 years.

I think the resorts will close for a total refurbishment, or maybe rebuild...and that legacy owners may be given pre-opening discounts pricing to renew their memberships.

 

[miTnosnhoJ]

After 50+ years of high usage, and constantly changing technology, the resorts may be in need of major overhaul, and could be to a point it is cheaper to tear down and rebuild. I mean, who had Wi-Fi and cell service when OKW opened...and what will technology be like 25 ears from now? Even extremely well maintained properties, like the original Contemporary tower and the remaining garden wing, are showing their age at nearly 50 years.

I think the resorts will close for a total refurbishment, or maybe rebuild...and that legacy owners may be given pre-opening discounts pricing to renew their memberships.

I agree with you.
And while Disney is under no obligation to offer discounts to the existing owners - it would be a smart marketing move.

 

[MagicallyMom]

Forgive me for being morbid, but what happens to my membership if I die?

 

[Judique]

Forgive me for being morbid, but what happens to my membership if I die?

It will be part of your estate and go to whoever you leave it to until it expires.

 

[MagicallyMom]

It will be part of your estate and go to whoever you leave it to until it expires.

Assuming they pay the dues?

And shoot, I was hoping it would auto-transfer my home resort to the Haunted Mansion! Rats.

 

[Judique]

Assuming they pay the dues?

And shoot, I was hoping it would auto-transfer my home resort to the Haunted Mansion! Rats.

That may be your own choice once you are floating around in the hereafter! Personally, I would pick the Castle Suite and go for a little bit of luxury.....

 

[supersnoop]

Assuming they pay the dues?

Death is one of the very few ways to escape from a timeshare. Many timeshares aren't worth worth the annual fees, so the estate simply sends a letter stating that there aren't sufficient funds to cover the fees, and signs the deed over to the resort.

But DVC has value. I'd expect the estate to liquidate any assets that your heirs don't want, and then distribute the cash. It'd be pretty silly to relinquish the deed over $6/point in fees when you could sell it for $100/point.

 

[WolfpackFan]

I have a different question. We finally paid off our loan a couple of months ago. DVC stopped drafting our payments. Should I have received something in the mail?

 

[DebbieB]

Death is one of the very few ways to escape from a timeshare. Many timeshares aren't worth worth the annual fees, so the estate simply sends a letter stating that there aren't sufficient funds to cover the fees, and signs the deed over to the resort.

But DVC has value. I'd expect the estate to liquidate any assets that your heirs don't want, and then distribute the cash. It'd be pretty silly to relinquish the deed over $6/point in fees when you could sell it for $100/point.

If you knew you were terminally ill, you may want to sell it or transfer the deed because after death it has to go through probate in the state of your home resort.