What is DVC?
The Disney Vacation Club, DVC for short, is point-based vacation timeshare ownership program. Disney Vacation Development, Inc., created it in 1991 as a subsidiary of the Walt Disney Company. Owners, referred to as Members, purchase an allotment of points to meet their expected future vacation needs. The buy-in price is typically $70 - $120 per point and a minimum direct purchase from Disney must consist of at least 150 points. Point purchases are available to buy directly from owners outside of a Disney controlled transaction but recently Disney has reduced some of the Member benefits for points purchased this way.
Each year on your anniversary date, Disney deposits your annual point allotment into the Members account for use that year or for banking for a future year's use. Members are charged an annual maintenance fee and real estate tax fee for each point they own. These fees must be paid whether the Member uses the points or not. You can use the old adage of “Use them or Loose them”.
Unlike most other timeshare program, Disney differs in that you do not receive a lifetime deed of ownership. Instead, owners are actually receiving a long term “real estate interest” with a specific date where the ownership ends. The end date differs amongst the different properties. You can view Disney’s program as a long-term lease.
Point-based timeshare programs should not be confused with fixed-week timeshare programs. Under a fixed-week program, owners typically purchase the right to use a single accommodation for the same week every year. Under DVC’s point-based system, Members have the flexibility to travel any time of the year, in a variety of different-sized units at many different resorts.
One of the benefits that comes with a DVC purchase is the ability to use your points not only at Disney Vacation Club Resorts but also at other Disney properties at Walt Disney World, Disneyland, Disneyland Paris, Tokyo Disney Resort, Hong Kong Disneyland Resort, and even on Disney Cruise Lines!