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Old 06-28-2016, 01:31 PM   #1
pixiemom
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Question Maintenance fee question

I have a silly question
I am looking at the financing chart for DVC
and I see for example disney wilderness lodge for 100 points is 1600 down payment
annual dues are either 622.00 for each year or
50.83 per month....
here comes the stupid question:
what are the maintenance fees?
am I over looking it on the chart?

TIA
Danielle
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Old 06-28-2016, 02:08 PM   #2
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think of them like condo association fees, etc. So they cover things like property insurance, maintenance of the property and upgrades, real estate taxes, etc. They will be due as long as you hold the interest.
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Old 06-28-2016, 06:54 PM   #3
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Annual dues are the maintenance fees. Once you have paid for your purchase of the property, all you will owe is the annual dues each year.

A down payment of $1600 for 100 points would be about 10% of the purchase price. You would then need to pay the other 90% (in this example, $14,400) plus interest over the next few years. The longer it takes to pay off the purchase, the greater the interest fees involved.

Hope this helps!
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Old 06-29-2016, 07:39 AM   #4
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Quote:
Originally Posted by MelissaL View Post
Annual dues are the maintenance fees. Once you have paid for your purchase of the property, all you will owe is the annual dues each year.

A down payment of $1600 for 100 points would be about 10% of the purchase price. You would then need to pay the other 90% (in this example, $14,400) plus interest over the next few years. The longer it takes to pay off the purchase, the greater the interest fees involved.

Hope this helps!
Melissa
totally get it now, thank you!
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Old 06-29-2016, 12:31 PM   #5
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Maintenance fees are due Jan 15. Not considered past due until Feb 15. They can be paid yearly (which we do) or drafted monthly from your bank account.
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Old 06-29-2016, 02:09 PM   #6
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Originally Posted by fluffybunny View Post
Maintenance fees are due Jan 15. Not considered past due until Feb 15. They can be paid yearly (which we do) or drafted monthly from your bank account.
Thank you
unfort. the more i look into it the more i realize its just a pipe dream
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Old 07-01-2016, 09:55 AM   #7
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The general opinion on DVC is if you have to finance it then it isn't a smart decision. Have you looked into resale points? They are much cheaper per point than direct from Disney.
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Old 07-01-2016, 12:01 PM   #8
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Originally Posted by fluffybunny View Post
The general opinion on DVC is if you have to finance it then it isn't a smart decision. Have you looked into resale points? They are much cheaper per point than direct from Disney.
thank you
honestly i have looked a long time ago but i may look into it again now, thank you
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Old 07-08-2016, 07:54 PM   #9
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The general opinion on DVC is if you have to finance it then it isn't a smart decision. Have you looked into resale points? They are much cheaper per point than direct from Disney.
Resale is much cheaper. Just a few points to consider.

Resale purchasers have restrictions on their points. They cannot be used to book some collections i.e the Disney Collection, used for DCL, AbD, or booking regular Disney hotel rooms (say at a park that doesn't have DVC accommodations such as the parks overseas. Those are generally not considered a good use of points anyways. Basically, you can only book DVC resorts and trade into RCI with resale points.

DVC perks such as discounts on park tickets, access to member lounges, events and other discounts won't be available to resale purchasers who purchase after April of this year.

Neither of these things needs to be a deal breaker. The lower cost of resale will likely make up for losing any perks, which are never guaranteed. They can and do change.

But if you do look into resale, be sure that you consider the length of contract as well as the cost per point when looking at contracts. OKW will be cheaper, but there will be fewer years left on the contract (unless it is an extended contract).

Good luck! I love being a DVC member and have gotten good use out of my membership. It isn't for everyone, but it has been great for our family.
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Old 07-09-2016, 09:11 AM   #10
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Originally Posted by HollyH View Post
Resale is much cheaper. Just a few points to consider.

Resale purchasers have restrictions on their points. They cannot be used to book some collections i.e the Disney Collection, used for DCL, AbD, or booking regular Disney hotel rooms (say at a park that doesn't have DVC accommodations such as the parks overseas. Those are generally not considered a good use of points anyways. Basically, you can only book DVC resorts and trade into RCI with resale points.

DVC perks such as discounts on park tickets, access to member lounges, events and other discounts won't be available to resale purchasers who purchase after April of this year.

Neither of these things needs to be a deal breaker. The lower cost of resale will likely make up for losing any perks, which are never guaranteed. They can and do change.

But if you do look into resale, be sure that you consider the length of contract as well as the cost per point when looking at contracts. OKW will be cheaper, but there will be fewer years left on the contract (unless it is an extended contract).

Good luck! I love being a DVC member and have gotten good use out of my membership. It isn't for everyone, but it has been great for our family.
thank you!!!
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