Are you considering becoming a member of the Disney Vacation Club? One of the most important aspects to consider is the downpayment.
What is the Disney Vacation Club?
The Disney Vacation Club is a timeshare program that allows members to enjoy vacations at Disney resorts around the world. Members purchase points that can be used to book stays at various Disney Vacation Club properties.
How much is the downpayment for Disney Vacation Club?
The downpayment for the Disney Vacation Club varies depending on the resort and membership type. Generally, new members are required to make a downpayment of 10% of their total purchase price.
Membership Types:
- Direct Purchase: This is when you buy your membership directly from Disney. The minimum number of points needed for this type of membership is 100.
- Resale Purchase: This is when you buy your membership from a current member who wants to sell their points.
Downpayments by Membership Type:
- Direct Purchase:
- $10,000 or less: 10% downpayment
- $10,001-$20,000: $1,000 plus 15% of amount over $10,000
- $20,001-$30,000: $2,500 plus 20% of amount over $20,000
- $30,001 or more: $5,500 plus 25% of amount over $30,000
- Resale Purchase:
- No minimum downpayment required.
When is the downpayment due?
The downpayment for a direct purchase membership is due within 30 days of the purchase agreement. For a resale purchase, the downpayment is typically due at the time of closing.
Final Thoughts
The Disney Vacation Club can be an excellent option for those who frequently visit Disney resorts and want to have guaranteed accommodations. The downpayment can seem daunting, but it’s important to remember that it’s a one-time expense that can lead to years of magical vacations. Do your research and choose the membership type that works best for you and your family.