How Much Does the Disney Vacation Club Cost?
The Disney Vacation Club, similar to a timeshare, allows members to buy “real estate” which is represented by vacation points. These points can be used to take your family on different vacations and allow them to experience many new things. The quality time spent with the family is by far the biggest advantage of the Disney Vacation Club, and that alone can make it worth the cost.
How much is it?
- The Disney Vacation Club will be no different than any other timeshare. Before you can join the program, there will be a one-time purchase price and closing costs. Aside from this, there will be an annual fee to keep your membership active. On average, the one-time fee for the Disney Vacation Club, if bought new, will be around $25,000, and the closing costs will be around $500. This price range would give you around 160 membership points. For a ballpark average, refer to the chart noted below.
- To budget, most members state that you should be prepared to spend $3 to $5 per point, per year for your dues. This, of course, will not include the one-time fees that will vary. As for the one-time fee, this can range from $140 to $170 per point. The more points you are able to purchase at a time, the lower the price per point will be.
- DisneyVacationClub.Disney.go.com gives the following example: If you wanted to buy 160 points, you would have to pay $24,000 up front, $424 in closing costs, $75 per month, and $95 per transaction. With 160 points, you will be able to book anywhere from three to eight weeks, depending on the type of vacation you chose.
- DVC-Resales.com has hundreds of listings on the second hand market that range anywhere from $47 to $88 per point. The costs depend on the resort and the number of points available. Most points on the website, however, total anywhere from 110 to 300 points.
per Point (one-time fee average)
|Auani in Hawaii||$150|
|Bay Lake Tower||$165|
|Hilton Head Island||$115|
|Old Key West||$130|
NOTE: This is just an average on the second-hand market. Remember that most places on the secondary market are going to require a minimum of 50-100 points. So $150 would technically be $15,000. On top of this, annual fees and closing costs may apply.
What is going to be included?
- Members will be required to purchase a minimum number of “points” for the year. With these points, members will be able to book accommodations on Disney properties that are a part of the program. Today, there are more than 500 global properties where the points can be used. The number of points need for each property will vary. The price of the resorts will depend on the time of the year, the days and size of the resort room.
- Most of the time, members are able to stay near Disney.
- Points can be redeemed on one-, two- and three-bedroom villas.
- Members are able to get discounts on annual Disney passes.
- The points that you purchase and accumulate can be rolled over from one year to the next in case you are not able to plan a vacation one year.
What are the extra costs?
- As stated above, annual fees will have to be paid to keep the membership active. These fees will be around $75 per month.
- If you purchase used or new, closing costs will be involved which can cost anywhere from $500 to $900.
- Rooms booked during peak times and weekends can often cost up to 40 percent more in points. Also, the larger the room is, the more points it will require. For example, a studio will cost one-third of what a three-bedroom villa would cost.
- If your membership does not have enough points, you can add more on throughout the year.
Tips to know:
- Take a tour of some of the properties before committing; it also does not hurt to read the reviews online to see what other guests are saying. Remember that the professionals will be biased, pressuring you into a sale.
- Some days are going to be a lot cheaper than others. If you learn the strategies involved to get lower point rates, you can actually come out well ahead.
- Members can purchase anywhere from 160 to as much as 2,000 points.
How can I save money?
- Buying a Disney timeshare used is going to potentially save you more than 50 percent on your purchase. If you are heavily considering this club, consider going the used route.
- Be sure to crunch the numbers ahead of time. As long as you think you are going to be able to take full advantage year after year, it may be worth the investment. However, not taking advantage of the opportunities provided by the Disney Vacation Club will result in wasted money.
- If you cannot afford the costs up front, Disney does offer low-cost financing options for up to ten years.