Are you a Disney enthusiast who loves to visit the parks and resorts frequently? If yes, then joining the Disney Vacation Club (DVC) might be a great option for you. But before you make any decision, it’s important to know how much it costs to join the club.
What is Disney Vacation Club?
The DVC is a timeshare program offered by Disney, which allows its members to have access to various accommodations at Walt Disney World resorts, Disneyland resorts, and other affiliated resorts. Members can use their points to book stays at these resorts or exchange them for other vacation options.
Membership Costs
Before joining the DVC, you need to purchase a minimum of 100 points. The cost of each point varies depending on factors like resort location, room size, and season.
As of 2021, the cost per point ranges from $19-$31. So if you purchase 100 points at $25 per point, your initial investment will be $2,500.
In addition to this initial investment, DVC members need to pay annual dues which cover maintenance costs and property taxes for their chosen resort. The annual dues also vary based on resort location and room size. For example, the annual dues for a studio room at Disney’s Grand Floridian Resort & Spa are around $7.60 per point while they are around $6 per point for a studio at Disney’s Saratoga Springs Resort & Spa.
Financing Options
Disney offers financing options for those who want to join but cannot afford to make the full payment upfront. The financing plan requires a down payment of 10% of the total cost with monthly payments spread out over ten years with an interest rate of around 9%. However, it’s important to note that this option may end up costing more in the long run due to interest charges.
Resale Market
If you’re interested in joining the DVC but are hesitant to pay the initial investment, there is another option. You can purchase a resale contract from an existing member.
The resale market typically offers contracts for lower prices than buying directly from Disney. However, there are some limitations to buying a resale contract, such as not being able to use your points for Disney Cruise Line vacations or some other non-Disney vacation options.
Conclusion
Joining the Disney Vacation Club can be a great option for those who frequent Disney parks and resorts. While it requires an initial investment and annual dues, members get access to various accommodations and vacation options at Disney resorts. It’s important to consider all the costs and financing options before making any decision about joining the club.