It’s the great debate for some. Should I buy at a DVC resort that expires in 2042 (Old Key West, Boardwalk, etc). Before I go into detail on why I don’t really care about expiration dates, here’s a list of each Disney Vacation Club property and when it’s set to expire.
|Animal Kingdom Lodge||2057|
|Bay Lake Tower||2060|
|Old Key West||2042|
|Riviera Resort (Opens Dec 2019)||2070|
As you can see, 6 of the 14 resorts are set to expire in 2042. I currently own at three of those properties – Boardwalk, Boulder Ridge Villas and Beach Club Villas (I like buying dvc resales that start with ‘b’ apparently). My other two contracts are at Copper Creek (2068) and Bay Lake Tower (2060)
As I did my research before buying DVC, I thought about this for about 20 seconds before deciding I didn’t care, about 2042 and here are a few of the reasons why.
The price per point at the resorts that expire in 2042 are measurably less expensive than resorts that expire after. For example – You can pick up a resale at Old Key West for $95 a point depending on the contract. 11 month windows aren’t particularly important to me since I don’t usually book that far out, so why not save the money on the points?
I’ll be 77.
I’m not saying that I won’t still want to ‘do Disney’ when I’m 77, but I figure I’d have gotten 23 years of use out of my DVC contracts and that will more than justify the price I paid for them. If I was 15-20 years younger, I would probably feel differently about it. But hell, I’m surprised I’m still alive so it’s all bonus at this point 🙂
I don’t have kids
… and if that changes it would be pretty much a miracle on the order of the parting of the Red Sea. I’m not worried necessarily about passing it on. I might very well pass it on to my nieces and nephews, but I’m not as focused on ‘legacy gifts’ as folks that have kids. I imagine my feelings on this topic would change dramatically if I did have children.
Not everyone agrees with me on this next point – but I’d be VERY surprised if they don’t offer extensions on the 2042 properties. They offered extensions for those who purchased Old Key West direct from Disney a few years back. From what I understand, it wasn’t received well. I firmly believe they will (in the next 5 years) start offering extensions for 2042 contracts again, albeit with a different approach than last time. If you want to learn more about DVC’s attempt at extensions, here’s a thread on DISboards.com that explains it pretty well: https://www.disboards.com/threads/dvcs-old-key-west-extension-ordeal.3078317/
I’m not buying with ‘resale’ in mind – A big selling point for Disney Vacation Club is the fact that they retain a tremendous amount of value on the resale market. While it’s nice to know that I can sell it if I need to, and recoup at least some of my money – I’m not going in with that plan.
Now, with all that said, these are MY reasons and I completely understand (and agree) that this isn’t necessarily right for everyone. Let me know in the comments below how you feel about the ‘2042’ resorts? Are they worth buying? Do you think DVC will offer extensions?