What is the DVC by fjwuxn

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									What is the DVC?
   The Disney Vacation Club (DVC) is the Disney version of a vacation ownership
   program. It was created in 1991 by Disney Vacation Development, Inc., a
   subsidiary of the Walt Disney Company. Unlike a traditional timeshare where
   owners buy a specific size unit in a set time of year, the DVC works on a point
   system giving owners the flexibility to travel when they want, as often as they want,
   for however long they want, and in whatever size unit they choose.

   Also, unlike traditional timeshares, your Disney Vacation Club membership ends
   on January 31, 2042. Membership at the new Saratoga Springs Resort and Spa
   will end on January 31, 2054. Although you are buying a "real-estate interest" and
   your purchase is actually deeded, your ownership ceases to exist after these dates.
Points? How do the "points" work?
   When you buy into the Disney Vacation Club, you purchase a set number of
   "vacation points." The minimum number of points that may be bought in your initial
   purchase is currently 150.

   You only buy these points once -- they are then allocated on a yearly basis until the
   contract's end. For example, if you buy 250 "vacation points" in your initial purchase,
   you will receive 250 points each year to "spend" on your vacation accommodations.

   When using your DVC points to reserve accommodations, the time of year, the
   resort chosen and the size of the unit will determine how many points are necessary.
   A two-bedroom unit uses more points than a one-bedroom unit. Weekday stays use
   less points than weekend stays. Booking a week in a studio at the Old Key West
   Resort in July will use more points (109) than booking that same size unit during
   January (80). Owners are supplied with easy to understand "point charts" and, with
   a little planning, points can be stretched a long way.
What is a "Use Year"?
   The "use year" is actually the month of the year when your points become available
   for use. If you bought your points in an August "use year," your yearly points will be
   available each year until the end of your contract, from August 1st of one year until
   July 31st of the next.
What does it cost to become a member?
   Initial purchase: The current price to purchase ownership in the DVC, from the
   DVC, is $95 per point with a 150-point minimum. Points for all resorts other than
   Saratoga Springs Resort and Spa, when inventory is available, are $84 per
   point. Points can sometimes be purchased through a resale agent for less than the
   current DVC retail price.

   Closing costs: If buying through the Disney Vacation Club, there are no closing
   costs. Cost when purchasing through a resale agent varies.

   Interest: When purchasing through the Disney Vacation Club, financing the cost of
   membership is an option. The DVC offers one, three, five, seven and 10-year plans.

   Annual Dues: Annual dues are paid yearly and are based on the amount of points
   owned. The 2003 fees ranged from $3.49 per point at the Old Key West Resort to
   $4.37 per point at Vero Beach.
   Exchange fee: A fee of $90 is charged when booking a vacation through the
   Member Getaways program, and a fee of $75 is charged when booking the Concierge
   Collection or the Disney Cruise.

What is my "Home Resort"?
   The "home resort" is the DVC resort at which you bought your vacation points.
   Once the minimum purchase of 150 points is complete, you may also "add on" points
   at any other DVC resort. Your home resort advantage is that you can book your
   stays on this property up to 11 months ahead, as opposed to 7 months ahead for
   other DVC resorts.

   Example: If all of your points were purchased at the Villas at Disney's Wilderness
   Lodge, you can book your stay up to 11 months in advance at this property. If you
   wanted to stay at Disney's BoardWalk Villas, you would have to wait until 7 months
   out to book this trip. This five-month "window" allows owners at Disney's BoardWalk
   Villas to have ample time to book their vacation before it becomes available to all
   DVC members.
What are "Banking" and "Borrowing"?
   The policy of the DVC is to let you "bank" any unused vacation points into the
   upcoming use year or "borrow" points from the next use year. No more than three
   years of points can be combined at any one time. There are time limits on when
   banking is allowed, and once banked or borrowed, points cannot be returned to their
   original use year.

   Example 1: Your use year is February 2004. You would like to book your vacation
   for December 2003 using more points than you have available in your 2003 use
   year. You may borrow up to 100% of your February 2004 points for the December
   2003 vacation (but you will then not have any points available for your February
   2004 use year).

   Example 2: You are planning a big family reunion in August 2005 and want to
   reserve a grand villa, using more points than will be available in your contract. You
   may bank up to 100% of any unused points from the 2004 use year into your 2005
   use year for this purpose.
Which of the Walt Disney World Resorts are part of the DVC?
   Currently, Disney's Old Key West, Disney's BoardWalk Villas, the Villas at
   Disney's Wilderness Lodge and Disney's Beach Club Villas are DVC properties.
   Saratoga Springs Resort and Spa, 16 acres of lakefront property at the former
   Disney Institute, opened in May of 2004 and is the newest DVC property. Points at
   Saratoga Springs Resort and Spa are the only points available for sale directly
   from the DVC. (Occasionally, limited inventory is available at the other "sold-out"
   DVC properties, but this is rare.)
Will I be treated any differently when staying as a DVC member rather than a
regular Walt Disney World resort guest?
   The only major difference in your stay as a DVC member is that you will get
   housekeeping services less frequently. For stays of fewer than eight days, DVC
   members get a "trash and tidy" day on the fourth day of their stay. For stays of
   eight days or more, members get a full cleaning on Day 4 and a "trash and tidy" day
   on Day 8. Additional housekeeping services are available for a fee.
Where else can I stay?
   Just about anywhere! Other DVC properties are Disney's Vero Beach Resort in
   Florida and Disney's Hilton Head Island Resort in South Carolina. Members can
   also use their points for a variety of other vacations, including other Walt Disney
   World resorts, the Disney Cruise Line, resorts in Disneyland in California and
   Disneyland Paris, and can also trade out to over 350 destinations worldwide
   through Intervals International.
Will I have difficulty getting the dates I want?
   With a little advance planning, there shouldn't be a problem. If you decide in August
   that you'd really love to stay in a two-bedroom villa at Disney's BoardWalk Resort
   during Christmas break, yes!
What are the benefits of being a member?
   Members have access to toll-free vacation planning through "Member Services."
   Member Services can help with flights, car rentals, room requests and Priority
   Seating for meals. They are also available to assist in booking "Member Getaway"
   vacations, to arrange for groceries to be delivered to your room, or to just answer
   questions.

   Members have pool-hopping privileges at other Walt Disney World Resorts
   (excluding the Animal Kingdom Lodge and Stormalong Bay at the Yacht and
   Beach Club and Beach Club Villas), when pools are not at capacity.

   Members receive discounts on golf, shopping, and park passes for length of stay.
   Dining discounts at select restaurants are occasionally offered (usually 10% - 20%),
   and discounted tickets are available for Disney Quest, Pleasure Island and the water
   parks.

   Members receive free valet parking at Disney's BoardWalk Resort, Disney's Beach
   Club Resort and the Villas at Disney's Wilderness Lodge.

   Reduced room rates are available at DVC resorts if staying on a cash reservation.

   The price of your yearly vacation only changes by the increase in annual dues,
   usually much less than the yearly increase in resort room rates.

   DVC members receive a 10% discount at the Disney Store.
Okay?I've decided this is a good deal for me. How many points do I need?
   This is a very personal decision, based on your vacation needs and your budget. Will
   you be vacationing once a year, once every other year, or three times in one year?
   Do you need a grand villa to fit you and all the grandkids, or are you looking for a
   comfortable studio for two? What time of the year will you most likely be visiting?
   What time of the year will you most likely visit in the future?

   If you are a family of four, looking to book a one-bedroom at the Villas at the
   Wilderness Lodge for a week every October, 214 points will cover that yearly
   vacation. If you are a family of four with young children, your vacation needs may
   change over time. Looking at the point cost for the same unit during school breaks
   (252 - 270 points) may be a more realistic assessment of your needs.
Is there a minimum purchase requirement?
Yes, in order to become a Disney Vacation Club Member, you must purchase a
minimum of 150 points. Once the minimum purchase is complete, you may "add
on" points at either your home resort or at any other DVC resort. The minimum
amount of add-on points is 50 points if financing through Disney or 25 points if
paying cash.

								
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