So the
DVC person I talked on the phone with said the points expire 50 years after a resort opens.
So why does the Grand Floridian not expire until 2064? Hasn't that been around since the 80s? And why are there two expiration dates over a decade apart for OKW?
https://www.dvcresalemarket.com/buying/dvc-deed-expirations/
How much should the expiration date play into my decision on which home resort to buy? Now my husband is convinced we should only be looking at the ones with the latest expiration dates to get the most out of our money (I'm still pretty young only early 30s).
We made this mistake when we were a bit younger than you; we bought Marriott instead of DVC because Marriott didn't have an expiration date. While we have gotten a lot of enjoyment out of our Marriott timeshare, hindsight tells us that the no expiration date is not that great a selling point. Fast forward 20 years and it just doesn't matter to us.
To answer your questions, at your age you should probably shy away from the 2042 resorts, but aside from that, expiration date shouldn't be that much of an issue. BLT, SSR, AKV, OKW 2057, they're all essentially the same as what is being sold now as far as expiration date goes. VGF expires in 2064 because while the hotel has been around since the 80s, the timeshare villas are only five years old.
OKW has two expiration dates because Disney tried to offer an extension and it went horribly wrong; only a small percentage of owners took them up on it. It's created quite a mess that you can read more about here on the boards.
Yes the idea is to pass it on to our kids to use once we get too old to want to go to Disney.
This is a noble sentiment and we read it a lot on here, but you're talking about what might happen 30-40 years from now. Sooooooo much can change in between now and then. Family heirlooms, real estate, fancy cars, cash, life insurance, those are all great things to leave behind to your kids. But in 40 years a DVC timeshare might be nothing more than an annual financial burden as you are leaving them to pay the dues as well. Additionally, the resorts with the longer expiration dates are so much more expensive in today's dollars that it tends to wash out any potential benefit 40 years down the road. Speaking more generically, it is my opinion that unless you are of the age where inheritance is on the near term horizon, involving DVC contracts in your succession planning is not necessary.
[Disclaimer: These are my opinions only and not to be construed (or misconstrued) as financial advice.]
