Are you considering joining the Disney Vacation Club (DVC) but wondering how much money you need to put down? Look no further! In this article, we’ll explore the down payment requirements for becoming a member of DVC.
What is Disney Vacation Club?
Disney Vacation Club is a timeshare program that allows members to purchase points that can be used for accommodations at various Disney resorts. Members have access to exclusive events, discounts, and perks.
How Much Do You Have to Put Down?
The amount of money needed for a down payment on a DVC membership can vary depending on several factors. These factors include:
- The type of membership purchased
- The number of points purchased
- The resort location
- The time of year the purchase is made
Type of Membership Purchased
There are two types of memberships available: direct and resale. A direct purchase means buying directly from Disney, while a resale purchase means buying from someone who already owns a membership.
Direct purchases typically require a higher down payment than resale purchases. This is because direct purchases come with more benefits such as access to certain resorts and discounts.
Number of Points Purchased
The amount of money needed for a down payment also depends on the number of points purchased. The more points you buy, the higher the down payment will be.
Resort Location and Time of Year
The location and time of year can also affect the down payment amount. Popular resorts and peak seasons may require higher down payments than less popular resorts and off-peak seasons.
How Can You Pay for Your Down Payment?
DVC offers financing options for those who cannot pay the full amount upfront. These financing options typically require a down payment of 10% of the total purchase price.
Conclusion
In conclusion, the amount of money needed for a down payment on a Disney Vacation Club membership varies based on several factors. These factors include the type of membership purchased, the number of points purchased, the resort location, and the time of year.
DVC also offers financing options for those who cannot pay the full amount upfront. Be sure to do your research and speak with a DVC representative to determine what down payment option is best for you.