There’s no denying that Disney vacations are magical experiences that create cherished memories for families and individuals alike. However, the cost of a Disney vacation can often be a deterrent for many people.
This is where the Disney Vacation Club (DVC) comes in – a timeshare program that enables members to save money on their Disney vacations in the long run. But how much does it cost? Let’s take a closer look.
What Is Disney Vacation Club?
Disney Vacation Club is a timeshare program operated by Disney. Members purchase points that they can use to book stays at one of the 14 DVC resorts located in Walt Disney World, Disneyland, and Hawaii. These points can also be used to book stays at other non-Disney resorts and hotels around the world through the RCI exchange program.
How Much Does It Cost to Join?
The cost of joining DVC varies depending on several factors such as the number of points purchased, the resort you choose, and whether you buy directly from Disney or on the resale market.
If you buy directly from Disney, prices start at around $19,000 for 100 points at some resorts. However, it’s worth noting that not all resorts have the same point values – some require more points per night than others. Additionally, there are annual dues that members must pay each year to cover maintenance costs and other expenses associated with running the DVC properties.
If you choose to buy on the resale market, prices can vary widely depending on factors such as availability and demand. It’s possible to find resale contracts for significantly less than buying directly from Disney, but it’s important to do your research and work with a reputable broker.
How Much Are Annual Dues?
Annual dues vary based on several factors such as resort location and size of your membership contract. According to DVC Resale Market, the average annual dues range from around $6 to $8 per point. For example, if you own 200 points, you can expect to pay between $1,200 to $1,600 per year in annual dues.
How Much Does It Cost Per Month?
The cost per month will depend on the number of points you purchase and whether you buy directly from Disney or on the resale market. For example, if you purchase 100 points directly from Disney at a price of $190 per point and pay an average annual due of $7 per point, your total cost would be $19,000 + ($7 x 100) = $19,700. If you finance this amount over a 10-year period at an interest rate of 9%, your monthly payment would be approximately $251.
It’s worth noting that financing is not available for all DVC purchases and interest rates can vary based on creditworthiness.
Is It Worth It?
Whether DVC is worth it or not will depend on your personal vacation preferences and budget. If you’re a frequent Disney visitor who plans to stay in deluxe accommodations and enjoys the perks of membership (such as access to exclusive events), then DVC could be a good investment for you. However, if you prefer budget-friendly options or don’t visit Disney often enough to make it worthwhile, then it may not be the best fit.
Ultimately, the decision to join DVC should be based on careful consideration of your vacation habits and financial situation. With proper planning and research, DVC can provide significant savings and unforgettable vacation experiences for years to come.