What Happens When Dvc Contract Expires, When you purchase a timeshare through a points-based system like Disney Vacation Club (DVC), you are, General, what-happens-when-dvc-contract-expires, JPOSE
When you purchase a timeshare through a points-based system like Disney Vacation Club (DVC), you are essentially signing a contract that allows you to use a certain number of points to book vacations at Disney resorts each year. However, these contracts do expire, and it's important to understand what happens when your DVC contract comes to an end.
The first thing to understand is that DVC contracts are typically set to expire 50 years from the date of purchase. This means that if you bought a DVC timeshare in 2021, your contract would expire in 2071. However, it's important to note that some DVC resorts have different expiration dates, so it's always important to check the details of your specific contract.
When your DVC contract expires, you will no longer have access to your timeshare points. This means that you will not be able to book vacations at Disney resorts using your DVC points. However, there are a few options available to DVC members whose contracts are expiring.
The first option is to renew your DVC contract. This typically involves purchasing a new set of points that will extend your contract for another 50 years. The cost of renewing your contract will depend on a variety of factors, including the size of your timeshare, the resort you own at, and the current market value of DVC points.
Another option is to sell your DVC timeshare. While you won't receive the full value of your original purchase price, you may be able to recoup some of your investment by selling your timeshare on the resale market. It's important to note that Disney has restrictions on who can purchase DVC timeshares on the resale market, so you may need to work with a licensed broker to find a buyer.
Finally, some DVC members choose to simply let their contracts expire. While this means that you will no longer have access to your DVC points, it also means that you will no longer be responsible for annual maintenance fees or other costs associated with owning a timeshare.
In conclusion, when your DVC contract expires, you will no longer have access to your timeshare points. However, there are several options available to you, including renewing your contract, selling your timeshare, or simply letting your contract expire. It's important to carefully consider your options and consult with a financial advisor before making any decisions about your DVC timeshare.