|Monday, 31 January 2011 19:09|
Disney Vacation Club, or DVC, is a vacation timeshare division owned and operated by The Walt Disney Company and allows you to buy a real estate interest in a DVC resort. You may have heard things about timeshares that may scare you away, but take a longer look and you will realize that the DVC is not your typical timeshare.
When you mention timeshares, most people think of the traditional timeshare model where owners buy a specific week at a specific cabin / hotel / villa and return to that destination year-after-year. Over the years timeshares have earned a reputation for high-pressure sleazy sales tactics, lackluster property management and the dramatic loss in value after the initial purchase.
DVC is very different. For starters, DVC is a point-based timeshare where you can purchase a specific number of points which represent your ownership in the Vacation Club. Each date / resort / room class combination then has a published number of points required for a single night's stay. There are virtually no limitations placed on when, where and how you can use your points. For example, a DVC member could spend 7 nights in a Studio villa at the BoardWalk Villas one year, and 3 nights in a Three Bedroom Grand Villa at Old Key West the next year. The only requirements are that the member have enough points to book the accommodations desired, and that the resort has enough capacity for the member.
A DVC purchase of 200 points means that the member will receive 200 points to use every single year until the contract with Disney ends. Program guidelines even allow members to "bank" their points one year into the future and "borrow" from the next year. These features add another layer of flexibility in that members who need more than their 200-point ownership for a particularly expensive trip have options available rather than buying more points.
To be a DVC member, one must purchase a one-time real estate interest in one of the Disney Vacation Club Resorts, and thereafter pay annual dues. All ownerships are sold as either a ground lease or a term-for-years.
Disney Vacation Club Points
In order to make your initial purchase of a DVC, there is a minimum purchase threshold of 150 points. However, contracts can be found on the resale market in smaller point amounts. That contract entitles the owner to receive 150 points for the next 37-50 years. Those 150 points could be used to stay as many as 18 nights per year in a Studio-size villa, which is comparable in size and amenities to a standard guest room at any Walt Disney World Deluxe resort.
Disney Vacation Club Resales
You can buy a DVC directly from Disney, but you also have options to purchase from previous owners that are looking to sell. There are a number of resale timeshare companies that specialize in DVC contracts. Purchasing contracts on the resale market can often save a considerable amount of money over buying direct from DVC. The primary drawbacks of buying resale are the time it can take to complete the transaction (at least 6-8 weeks) and the inability to utilize DVC’s financing plans.
DVC Point Chart
To help you in deciding on how many points you might need to buy, here are DVC Point Charts that you can use.
Disney Vacation Club Resort Locations
Walt Disney World Resort (Lake Buena Vista, FL)
The Treehouse Villas at Disney's Saratoga Springs Resort & Spa
Disneyland Resort (Anaheim, CA)
The Villas at Disney's Grand Californian Hotel & Spa
Disney's Hilton Head Island Resort (Hilton Head Island, South Carolina)
Disney's Vero Beach Resort (Vero Beach, Florida)
Aulani Disney Vacation Club Villas (Ko'Olina, Hawaii)
|Last Updated on Monday, 15 August 2011 18:55|
Disney Vacation Club, DVC