Im lost....

MaXXimus

New Member
Original Poster
Can someone in layman terms explain to me about DVC?

I looked around and dont understand a thing.... example: I like WL and on one of the sites (link found on these forums) I see Wilderness Lodge $85/pt June 350 and then $29,750.... what does this mean exactly?
 

dvcnut39

Well-Known Member
I'll try to help and I'm sure much more insightful members of this board will pick up where I leave off.

"Wilderness Lodge $85/pt June 350 and then $29,750"


What this is, is a specific resale DVC property listing. In this case, the seller is offerring The Villas at the Wilderness Lodge for $85/pt. This specific listing receives 350pts/yr, every June (use year), for the remaining life on the contract (I believe most, including The Villas at the Wilderness Lodge expire in the year 2042). All you have to do is then multiply 350pts x $85/pts and you get $29,750. This $29,750 is a one time cost and interest on it is tax deductible. Other than the $29,750, the only cost would be annual dues- this would be approximately $1587/yr for this specific listing and will go up periodically. Then there is the issue of banking and borrowing points, but will save that for a later date.

One final note- I attached a link to the point charts just to give you an example of the dvc point system. http://www.dvcbyresale.com/wildernesslodge.html

Hopefully I answered some of your questions.
 
No Problem

Can someone in layman terms explain to me about DVC?

I looked around and dont understand a thing.... example: I like WL and on one of the sites (link found on these forums) I see Wilderness Lodge $85/pt June 350 and then $29,750.... what does this mean exactly?


No problem...what you are looking at is a DVC resale site. The seller is selling his 350 points at VWL for $85.00 per point ($85.00 X 350 = $29,750...plus closing costs) . He has a June use year, which means if you bought his 350 points, that would be your use year also. In other words, every June 1st you would get another 350 points which you could use, bank for the next year, or borrow from the upcomming year. Where you buy matters for a couple of reasons...1. there are annual dues which are different for each DVC resort...2. currently, all contracts expire in 2042 except for SSR which expires in 2056. This matters if you are worried about passing this whole thing on to your kids like us. We bought SSR directly from Disney as a referral from another DVC member for $86.00 per point and the closing was subsidized by them, all but for the recording fee at the County. With a resale you'll foot the whole closing cost tab. Our use year is December 1st and we were the original buyers, this is assigned around the time of the original closing.:wave:
 

MaXXimus

New Member
Original Poster
So if I have this straight it means I put out $29,750+closing costs and then every year during "June only", I use "points" to stay there... and using the chart from above if I wanted to stay in the "Dream" (what is the differance from Dream 2 bedroom to the Choice or Adventure 2 bedroom?) 2 bedroom for one week it would cost me 314 points? But then I cannot pass this on or anything due to the expiring of the contract in 2042?

If thats the case I don't understand whats so wonderful about it and why anyone would put out that kind of money, unless I am missing something? A friend coworker has a timeshare just outside WDW and gets 2 weeks every year and can pass it on when she dies... not sure how much she put out but can ask tomorrow for more details.
 

slappy magoo

Well-Known Member
When you buy Disney Vacation Club points, you are given a specific month that techincally begins your "use year." IN your example, the seller gets 350 points to use every year, but beginning in June NOT January.

In WDW, there are 5 resorts that are at least partially DVC resorts:
Old Key West
Boardwalk Villas
Beach Club Villas
Villas @ Wilderness Lodge
Saratoga Springs Resort

Disney also owns DVC resorts in Hilton Head, SC & Vero Beach, FL. Animal Kingdom Lodge is being partially converted to be a part of DVC, Contemporary Resort may follow.

In your example, the Villas at Wilderness Lodge is the seller's "home resort." This DOES NOT mean that the seller (or you, if you buy those points) cna only stay at Wildernes Lodge. You can use your points anywhere, the only difference is that you can book a room at your "home resort" up to 11 months in advance. Any other resort, I think you can book 7 months in advance.

This seller apparently has 350 points. How many points you use on a vacation depends on various factors-
1: the length of your stay,
2: the time of year (peak times use more points, and this is where the terms like "Dream" "Choice" and "Adventure" come in, follow this link for the times of year the points change
http://www.dvcbyresale.com/wildernesslodge.html ),
3: which resort you choose
4: what kind of room you book (studio with kitchenette, one-bedroom with kitchen, two-bedroom with kitchen, and some resorts have Grand Villas which can sleep up to 12 people, and require A LOT of points).

If you don't use all your points during your "use year," you can set them aside or "bank" them for one extra year, but then you gotta use 'em or lose 'em. If you're planning a big blowout vacation and need more points, you can "borrow" up to one years' points in advance. (Some people also rent their points for a year if they know they're not going away that year and would like some extra cash, and you can always rent those points instead of borrowing your own)

Now, in addition to hhose resorts, Disney works with other time-share companies to offer vacations all over the world. This includes the World Passport Collection, the fancier Concierge Collection (which uses more points) and The Adventurer Collection (which has nothing to do with the "Advenure" season) where you can do things like go on an actual African Safari or a biking tour of Italy, and they use many many many points.

You can also use your points for a Disney Cruise, but again, a whoooooole lot of points.

And finally, other Disney resorts use DVC points too, including Deluxe & Moderate resorts in WDW, and hotels at Disney parks in California, Tokyo and Paris! But they do use many more points than staying in a DVC resort).

Finally, the main drawback to buying into DVC is that, while you technically own it as a timeshare, your deed reverts back to Disney eventually. You can will your points to your kids or grandkids, but at a deisgnated time, Disney gets 'em back no matter what. Saratoga Springs is the newest resort, so if that's your home resort, your points expire in (I think) 2054. Every other home resort's points expire in (I think) 2042.

I hope this answered your questions

EDIT-some other questions or things you might like to know
DVC members save on annual passes. 100 bucks off a regular annual pass (which includes the 4 main parks) and 125 off the Premum Annual Pass (which includes the 4 main parks, the water parks, & Pleasure Island)

Also, you don't have to be a DVC member to stay at a DVC resort or DVC room. You can, for example, rent a 1-bedroom suite, assuming they're not all booked whem you want to go.
 

dvcnut39

Well-Known Member
June is just when your "use year" begins. Each year you would receive your annual allotment of points and in this specific resale, the year begins in June. You can vacation any time during the year. I'll attach a link to The Timeshare Store- http://www.dvc-resales.com/faq.htm. Not only are they a sponsor of this site, but they specialize in DVC resales. The above link will take you to The Timeshare Store's frequently asked questions section. If this isn't enough help, then just use this above link to contact them directly. They will answer all of your questions. Anything else that I can help you with, please let me know.
 

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