How Much is Disney Vacation Club?
Direct Answer: A Brief Overview
Disney Vacation Club (DVC) is a timeshare program offered by Disney Vacation Development, Inc., a subsidiary of The Walt Disney Company. It allows members to purchase a share of ownership in a Disney resort property, which can be used to book Disney vacations for a set period of time. The cost of a DVC membership can vary greatly, ranging from a few thousand to over $50,000, depending on the type of contract, location, and size of the contract.
Membership Types and Prices
DVC offers different types of memberships, each with its own unique features and price structure. Here are the main types of memberships:
- Perks and Fees: Some members may require additional add-ons, such as annual dues, finance charges, and other expenses. These costs can add up quickly, so it’s essential to factor them into your overall budget.
Property-Specific Prices: A Look at the Numbers
Here’s a breakdown of the prices for each DVC property, including the initial purchase price, annual dues, and the total cost of ownership:
| Property | Initial Purchase Price | Annual Dues | Total Cost Over 25 Years |
|---|---|---|---|
| Bay Lake Tower (Disney’s Contemporary) | $15,000 – $30,000 | $800 – $1,200 per year | $34,000 – $66,000 |
| Animal Kingdom Villas | $10,000 – $20,000 | $600 – $1,000 per year | $22,000 – $46,000 |
| Beach Club Villas | $12,000 – $25,000 | $700 – $1,200 per year | 28,000 – $55,000 |
| BoardWalk Villas | $15,000 – $30,000 | 800 – $1,200 per year | 34,000 – $66,000 |
| Boulder Ridge Villas | 10,000 – $20,000 | 600 – $1,000 per year | 22,000 – $46,000 |
| Copper Creek Villas | 12,000 – $25,000 | 700 – $1,200 per year | 28,000 – $55,000 |
| Grand Californian Villas | $20,000 – $40,000 | 1,000 – $1,500 per year | 42,000 – $81,000 |
| Riviera Resort | 15,000 – $30,000 | 800 – $1,200 per year | 34,000 – $66,000 |
Additional Costs to Consider
In addition to the initial purchase price and annual dues, there are other costs to consider when calculating the true cost of Disney Vacation Club membership:
- Resale Fees: Some members may need to pay a fee when selling their contract. This can range from 5% to 10% of the original purchase price.
- Mortgage Payments: If a member takes out a mortgage to purchase their DVC contract, there will be interest payments attached to it.
- Maintenance Fees: These fees cover the upkeep and maintenance of the resorts, and can range from $100 to $500 per year, depending on the property.
- Taxes: Members may need to pay property taxes on their DVC contract, which can range from 1% to 3% of the original purchase price.
Conclusion: Weighing the Costs and Benefits
DVC can be a fantastic way to experience the magic of Disney, but it’s essential to carefully consider the costs involved. With prices ranging from a few thousand to over $50,000, it’s crucial to weigh the benefits of DVC membership against the costs. By understanding the various costs and benefits, you can make an informed decision that’s right for you and your family.