Possible new member

[coach2]

I just received info on the DVC, not sure of how it works and the prices are very high. Making a payment per month for 10 yrs seems pretty steep. I would like to hear from other people who have gone thru this thought process.

 

[Deb & Bill]

Don't forget, you also have to pay the monthly dues/member fees. Or pay them annually in one lump. At least they allow you to have them automatically deducted from your bank account each month for no extra fee.

DVC is not a cheap way to vacation at WDW or DL. It's a way to get a lock on the price you pay for your lodging by prepaying it. You have to plan on going annually (and tickets are not included, neither is transportation to WDW from your home, nor is all your food).

I'd never finance for ten years. You are going to pay a lot in financing costs. And if it isn't paid off and you want or have to sell it, you need to make sure you get enough to pay off the loan. You'll have to pay at least 10% commission on a sale. Or you let Disney foreclose on it.

 

[Sandisw]

There is also a resale market which can save you money. It might allow you to become a DVC member with less points, if one of the older resorts interests you.

You can start with less than the 160 minimum required throug Disney. It is a great way to "get your feet wet" and may allow you to get in without having to finance.

Good luck!

 

[Deb & Bill]

But if you go resale, you will have to come up with your own financing.