DVC Frequently Asked Questions

Deciding to join the Disney Vacation Club is a big decision. We all went through it, and we had a thousand questions in the process. One of the goals for this web site was to try and answer as many questions as possible here. The DVC bulletin board is also a great source of information.

• What are the details of the Old Key West fifteen year contract extension offer?
• What are the benefits of membership?
• How does the point system work?
• How do I know how many points to purchase?
• Can I use my points at other resorts?
• What if I decide not to keep it?
• What should I know about buying timeshares through a resale company?
• Still have Questions?

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There are a number of benefits to joining the DVC. First, the value of the points that you purchase will never change. The same value you receive today, will be the same value you receive in 30 years. While the cost of staying at a Disney hotel rises by 5-10% per year, this is a great hedge against inflation. Members also receive discounts at Pleasure Island and Disney Water Parks. DVC offers discounts at a variety of WDW restaurants, recreational programs and tours. A complete list is provided to members when they check in at their resort.

Members also receive a $100 discount on Annual Passes and $125 off of a Premium Annual Pass.

You also have the benefit of being able to book at your home resort up to 11 months in advance of your check out date. Your home resort is the resort at which you purchased your interest. Current DVC resorts are Old Key West (OKW), Boardwalk Villas (BWV), Vero Beach (VB), Hilton Head Island (HH), Villas at Wilderness Lodge (VWL), Beach Club Villas (BCV) and Disney's Saratoga Springs Resort & Spa and the Animal Kingdom Villas. You can reserve up to 7 months in advance at any DVC location that is not your home resort.

Membership in Disney Vacation Club is included with ownership at a DVC Resort. The program is currently scheduled to end on January 31, 2042 for OKW, BWV, VWL and BCV. After that date, the present resorts will revert back to Disney ownership. Ownership rights may be transferred to others in a will or by a direct sale, after consult with DVC.

DVC has added additional resorts which have a different end date. The Saratoga Springs Resort & Spa (SSR) memberships run through January 31, 2054. At the Animal Kingdom Villas, the membership runs through January 31, 2047.

All of the discount programs are subject to change and may be modified at any time, but the DVC resorts and their total points may not be changed.

When you buy into the DVC, you purchase a certain number of points per year. The current price (retail) is $101 per point, for purchases at SSR -with a 150 point minimum for initial purchase. Let's say you purchased 200 points. You would be assigned a "use year" (that is the month of the year in which your points would recycle). For example, my use year is February, and I own 200 points. Every February, 200 points are available for me to use that year. When I decide to book my vacation, I choose the dates I want to visit, and the type of room that I want to stay in. That will determine how many points that visit will cost me. I also have the option of banking my points into the next use year, or borrowing points against next year for this year. Which leads to the next question...

This depends on how often you plan to visit Disney World, what size accommodation you would need, and what times of the year you want to visit. The Disney Information Station maintains a DVC Point Calculator and a DVC Point Chart. I suggest that you enter in some sample information, based on what type of vacation habits you have, to find out how many points would be appropriate for you.

Many ask if Disney Vacation Club will change the point requirement for a stay at a DVC resort. While the total number of points sold at the resort is a fixed number and cannot be changed, point needs for stays can be changed. However, if points needed for some nights (or room types) are raised, other nights (or room types) must be lowered, as the total points required to stay at the resort for the year cannot be changed. This has occurred only once, in 1996 at OKW, and is likely to happen only if necessary to keep resort utilization in balance for the benefit of DVC members. At that time some nights were raised a few points, some were lowered a few points and most were not changed at all.

The DVC is part of Interval International (a large, worldwide timeshare organization). Your Disney Vacation Club points can be traded for accommodations at many of the Interval Internationals resorts nationwide. You can also use your points to stay at other Disney resorts, as well as the DVC locations at Vero Beach, FL and Hilton Head, SC. and a number of other vacation opportunities such as the Disney Cruise Line and special Adventure programs.


You are free to sell your interest in the DVC just as you would any other real estate property. Many people list their DVC properties with companies such as the Timeshare Store, Inc. The Timeshare Store is a licensed Florida real estate company that acts as the broker for the sale and purchase of timeshare interests. You can get more info on The Timeshare Store by visiting their web site at http://www.timesharesale.com and info on their Disney Vacation Club Resales specifically at http://www.dvc-resales.com


There are a couple of points you should keep in mind when purchasing resale. First, watch out for companies who want to charge you any up front fees. You should never pay anything until a sale is final. Second, make sure that the resale agent you are dealing with is a licensed real estate agency. This lends a great deal of credibility to that agency, and gives you direct recourse (through the state board of realtors) should anything go wrong. We recommend The Timeshare Store in Orlando, FL. Many people who have visited this site have purchased Disney Vacation Club through them and have had excellent experiences in doing so. 

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Disney Vacation Club resorts are busy places, there is no question about that. However, if you plan far enough in advance, you should be able to get the dates you want without much of a problem. Remember, at your home resort, you can reserve up to 11 months in advance of your check out date and 7 months in advance at other DVC resorts.

All members have the same benefits and restrictions regardless how they joined the DVC. There is no negative to a membership purchased through resale.

All Old Key West owners are going to be offered the opportunity to extend the contract end date from 1/31/2042 to 1/31/2057, an additional 15 years.

The price for the extension is $25 per point. If you accept this offer prior to 2/29/2008, the cost is $15 per point with Disney Vacation Club Development covering the extra $10 per point.

If you choose to add this extension, you'll receive a "Lighthouse Memory Capsule" and a special lithograph. If you choose not to accept this offer, you will still get the lithograph but not the capsule.

In order to compensate for the cost (notary) and time required to process the paperwork, all members are getting a $30 credit of their December 2007 dues whether they take the offer or not.

Payment options are through DVC with a 10 year loan with 10.75% interest. You can also opt to finance it privately, pay it in full or pay it using a major credit card. There will be no closing costs.

This offer is per contract. If you have multiple OKW contracts you do not have to accept this offer for all of them. However, it must be applied to the full value of your points to whichever contract you choose.

This is a one time offer. You will not be allowed to extend your contract with this offer at a later date.

The price of OKW points purchased through DVC for expiration in 2042 was $92. With the passage of this extension resolution, the cost is now $96 per point with an expiration of 2057.

 

A lien will be placed on all current contracts in the form of a special assessment for the extension of the ground lease. The lein is satisfied by either accepting or rejecting the extension.

At this time there are no plans to extend the contract end date for any other Vacation Club properties.

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If you have other questions that are not listed here, pay a visit to our DVC discussion forum. There you can ask any question you like of other DVC members. CLICK HERE to go to the boards!

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