Are you a Disney Vacation Club (DVC) member who is considering leaving the club? Perhaps, you are wondering if it is possible to cancel your membership and exit the program altogether.
The good news is that it is indeed possible to get out of DVC, but the process can be somewhat complicated. In this article, we’ll explore the different options available to DVC members looking to exit the program.
What is Disney Vacation Club?
For those unfamiliar with Disney Vacation Club, it is a timeshare program that gives members access to various Disney resort properties worldwide. Members purchase points that they can use to book accommodations at any of these resorts. The number of points required for booking varies depending on factors such as resort location, room type, and season.
Why Do People Want to Leave DVC?
There are several reasons why someone might consider leaving DVC:
- Financial constraints – The cost of owning a DVC membership can be high, and some members may find it difficult to maintain their payments.
- Lifestyle changes – A change in family circumstances or vacation preferences may make the DVC membership less attractive.
- Difficulty booking preferred resorts – With limited availability at popular resorts during peak seasons, some members may find it frustrating to book their desired accommodations using their allotted points.
Can You Sell Your DVC Membership?
One option available to DVC members looking to exit the program is selling their membership. This involves finding a buyer willing to pay for your membership in exchange for them taking over your ownership rights and responsibilities.
While selling your membership may seem like a straightforward solution, there are several factors you should consider:
- The resale market for DVC memberships can be unpredictable
- The value of your membership may decrease over time
- You may need to pay commissions to a broker or third-party resale company
- Disney has the right of first refusal, which means they can buy back your membership at a price matching the offer made by your buyer.
Can You Surrender Your DVC Membership?
Another option available to DVC members is surrendering their membership back to Disney. This process is known as “relinquishment” and involves forfeiting ownership rights and responsibilities in exchange for a release from future financial obligations.
The relinquishment process can be complex, and there are several factors you should consider before choosing this option:
- You will not receive any compensation for surrendering your membership.
- You will lose all current and future benefits associated with DVC membership.
- You will need to pay any outstanding dues or fees owed on your membership.
- The relinquishment process can take several months to complete.
Conclusion
In summary, getting out of Disney Vacation Club is possible but requires careful consideration of the available options. Selling your membership on the resale market or relinquishing it back to Disney are both viable solutions, but each comes with its own set of challenges.
If you’re considering leaving DVC, it’s essential to research each option thoroughly and consult with an experienced professional who can guide you through the process. Ultimately, the decision to leave DVC should be based on your individual circumstances and financial goals.