A little over a month ago, we decided to take the question of 2042 to our DVC Fan Community and see what members would decide to do when that dreaded year draws closer and closer (…it’s only 8,020 days away as of writing this!).
To those who may just be tuning in and unsure of what this all means, each Disney Vacation Club Resort has a deeded expiration date, at which time your interest in that property will cease. For the following “original” DVC properties that year just happens to be 2042:
- Disney’s Beach Club Villas
- Disney’s BoardWalk Villas
- Disney’s Old Key West Resort (non-extended)
- Boulder Ridge Villas at Disney’s Wilderness Lodge
- Disney’s Hilton Head Island Resort
- Disney’s Vero Beach Resort
So, while many frequently ask what might happen that year, I decided to turn the question around and ask what each member may do based on DVC’s options. Here are the results!
The first question asked was, “If Disney Vacation Club offered you a 15-year contract extension similar to those previously offered at Old Key West, would you purchase it?”
Back in 2007, DVC offered current owners of Old Key West an extension that would add 15-years to their contract, increasing their contract expiration date to 2057. This cost owners approximately $15-25 per point depending on when they took advantage of the offer. Although reports vary on DISboards, it appears that a low percentage of owners took advantage of the offer at the time due to how far into the future 2042 was.
Fast-forward thirteen years, and our poll seems to reveal a quite different opinion of this extension offer. Out of over 1,250 survey responses, 73.8% stated that they would take advantage of an extension for one of the expiring 2042 properties.
Since Disney is not required to offer an extension, many of us may approach 2042 with a much different question that needs answered: “If Disney Vacation Club elects to let 2042 resorts expire as scheduled, would you re-purchase a new DVC contract upon expiration?”
Here, the results were flipped, with 78.7% of those surveyed stating that they would not re-purchase a new contract when theirs expires in 2042.
Personally, if I were DVC and looking at these results, I would significantly have to consider which route proved to be more financially viable. The closer we get to 2042, the more appealing a 15-year extension becomes, and yet the thought of purchasing a new 50-year contract equally reduces due to the age many current owners will be at that time.
Speaking of age… many expressed in the comments that they truly don’t care what happens in 2042. I’d have to say that I agree to a certain extent. Even though I’ll only be 52, the odds are high I will already be living in Orlando by that point, reducing any need to worry whether my fifty points at BoardWalk are extended or expired.
Here are a few thoughts and comments that our readers shared:
I thought to finish this discussion and put the topic to rest for a little while we would finish with one final question: Are you concerned with what will happen in 2042?
Let me know your thoughts and comments below, and stay tuned for our next DVC Fan Poll in the coming weeks!