Why Do it?
We have friends that go to Disney World every year or so. Whenever we talk with them about going, since we go about the same number of times, I mention that they should look into the Disney Vacation Club. They always think that I am trying to sell them on it, because I am looking to get something out of them joining. Although, I would get DVC credit towards my yearly dues, I don’t even think about that when I’m talking to them. My main reason for trying to “sell them” on the Vacation Club, is to share what we are enjoying so much. One of the best things I believe I have ever done for my family is buying into the DVC.
Let me explain why I bought into the Disney Vacation Club. My initial reason for becoming a DVC Member was to stay at the Boardwalk Resort. Plain and simple. Let me explain, using today’s prices. For a week stay from the twentieth of February until the twenty-eighth, it would cost someone $4,376 (this price includes taxes). That’s for a water view room with 2 queen-size beds or one king-size bed, table and chairs, ceiling fan, vanity area with 2 sinks and bath. Some of the rooms may have a day-bed and a small patio. Basically this is a regular hotel room at $4,000 for a week. That works out to be about $625 a day. I couldn’t and still can’t afford that.
Then I stumbled upon Disney Resort TV channel 21. This channel is nothing but an infomercial for the Disney Vacation Club. After watching one night before heading off to sleep when I was staying at the Port Orleans Resort, I thought I might have to look into this. So, after I got home, I read up on it on the internet, and talked to a woman I worked with who I knew liked Disney World. What I didn’t know was that she was a Vacation Club Member. She let me use her information to view the DVC website on line and told me where else to get more information. I though it was a pretty good deal, so I made plans to look into it further.
Looking into it further consisted of going back to Disney World for a quick 3 day visit. While I was there, I stopped in the DVC information/preview center on the Boardwalk. I sat down with a very nice Disney representative that walked me through all the information about the Disney Vacation Club. I watched the video and formed some questions and we got down to specifics. The specifics that sold me were the ones pertaining to the financing. You basically take out a mortgage for your share of the DVC. They have their own mortgage company, they take care of all the paperwork and everything (I know to some people this may sound like Disney taking more of your money, but the rates I got were very reasonable.) After paying your “mortgage” payment on the DVC share each month, you pay a yearly fee, which includes your condo fees and property taxes. This condo fee pays for upkeep and upgrades of the units. As of this writing the cost of this fee, for my contract, is $4.50 per Vacation Club point.
I may not remember correctly, but I think my first “mortgage” was for $74 a month for 15 years, or close to that. That was for 250 points. That means for $888.00 (plus $1125 a year for Annual Dues, which would total $2005.) I could stay in any of the Disney Vacation Club Resorts for as long as my points would let me. Which at today’s point exchange looking at the same room type (although with a kitchenette, that has a microwave and a mini-fridge) I could go from the 20th of February until March the 5th. So, looking at it this way, I could stay in the Boardwalk for less than half the price and stay for 6 extra days. Of course that would be for the 15 years that your “mortgage” is being paid on. Here’s the great part though, even after I paid off the “mortgage”, I will continue to get the Vacation Points until 2054. That is 40 years after I first bought in. That means that after I paid off my “mortgage” I am paying a ¼ of the price to stay in a Disney Deluxe Resort, for a longer period of time. That is what sold me on Disney Vacation Club.
Then we went for the first time and stayed in the Boardwalk. We stayed in a one bedroom villa, instead of the regular sized room (which they call a Deluxe Studio). And well, let me explain it this way
There are some things you do in your life that you are very proud of yourself for, some good decisions you make that make you smile inwardly whenever you think about them, I have three.
1. Getting a snow blower a few years ago (If you live in the northeastern U.S. you understand)
2. Buying a house with a two car garage (yes we use both sides for our cars)
3. Buying into the Disney Vacation Club.
Seeing the room for the first time was awe inspiring. I didn’t know that hotels rooms could be this …big. The one bedroom has a bedroom with a king sized bed, a bathroom with a Jacuzzi tub, and a full kitchen, that is open into the dining area between the kitchen and the living room. In the living room there is a queen size sleeper sofa. There is a washer dryer, and usually a patio or balcony. Our first stay was on the first floor in a villa that had a patio that overlooked the pool. It was wonderful my son spent most of his time at the pool and we could sit on the patio and watch him or even sit inside and know he was within walking distance of us.
Since our first trip, we have upgraded our accommodations, we now usually stay in a two bedroom, which has everything a one bedroom does and then adds on another bedroom. We have also added another 65 points to our contract so that we can stay in the larger room. Our reason for adding more points was to give our teenager more privacy when we travel.
Financially, the DVC makes sense to me, since I wanted to stay in the Deluxe Resorts. Now that we are staying in them, the room size is something that I think is great also. I hope this explains why I bought into the Disney Vacation Club. Over the next few weeks, I will share with you some of my experiences and feelings about the different Resorts we have stayed in.
For More information about the Disney Vacation Club go to: http://disneyvacationclub.disney.go.com/