What is the Disney Vacation Club Every year? We are looking for is Disney Vacation Club members and wondering, how it is every year? We know there is an initial cost (16640 for us, 160 points), but we must pay every year?
No is the total purchase price points.
You get 160 points every year - the $ 16,640 is full price, receive 160 points every year for the duration of the contract.
the only thing you pay each year is your annual maintenance fee - you pay so much per point - the exact amount depending on the station that you have to. So if you have a contract of 160 points, and maintenance costs are 4.20 per item, you pay $ 672 annually.
So if you have $ 16,640 in the bank - you write the check to the Disney Vacation Club, then the only thing you need each year are the maintenance costs. They increase slightly each year, but not much.
Funding, well, that's another story - if you do not have the money to pay in full, you can pay by Disney (or bank) and make payments - I think if you are funding by Disney The interest rate is like 10% interest rate, and the lowest payments are somewhere in the range of $ 190/month for 10 years.
You can also buy used - do a Google search for Disney Vacation Club resale, and you will find companies that resell - that's when someone who currently has a contract DVC decides they no longer want it (for some reason - like divorce, money issues, etc.) and to sell - they go through a resale agent, and sell for less than Disney sells. Of course, saving is not huge, because if it gets too low, Disney buys the contract back through their exercise of their right of first refusal, they keep the prices in free fall and the "value" depreciates too much .
One advantage of the resale (in addition to lower acquisition in the price) is that you do not get 160 points - the resale contracts are sold in increments small, as little as 25, and you can buy one of the DVC properties, instead of just Disney opened yet.
Posted on September 8, 2010.
