Buying DVC – A Millennials Perspective

I am a Millennial. I know our average reader and follower is not a Millennial and the term ‘Millennial’ brings on a lot of negative connotations for many people. Overall we’ve not been a group that has the purchasing power for something like DVC, until recently. Most of us have been ‘adults’ for a while now, but not necessarily, ‘grown-ups.’

We have some adult responsibilities, debts, and opportunities, but I believe it takes a little while and some life experience before you can have the stability to jump into a commitment like Disney Vacation Club. Seeing the price tag and being in your Mid-20’s, you think of the cool car you could have for $20,000 or a down payment on a house. You think about the student loan debt you could pay off. You think about possibly getting married and having children soon and those expenses. Even a huge Disney fan that’s in the Millennial age group might have already been to Disneyworld/land a million times as a child and would rather take the money and try Adventure’s by Disney, Disney CruiseLine, Aulani or a foreign Disney park like Paris or Tokyo. So, where can Disney Vacation Club fit into all of this?

Millennials lived through and observed a lot of the pitfalls of The Great Recession. Many of our parents, mine included, fell on very hard times through no fault of their own. My parents bought a house that they could afford at the time for an inflated price because all the homes had skyrocketed in price, but when the economy turned, they were out of work with a home that was now devalued and ended up losing it. This has caused me to be a little more cautious than I probably would have been in making a long term purchase. For people who are more seasoned with DVC or earn more income than I do, you can probably pay off your DVC in a few years, but I would be purchasing with the intention of taking the full 10 years that financing institutions typically price out because I can’t necessarily commit to a larger payment.

With all of this being said, why would I want to buy DVC at this point in my life? Well, first of all, I love Disney! I grew up going to Disney parks and living the Disney Renaissance and I want to own a small piece of that, even if it’s temporarily. While I love going to Disneyworld, I really can’t afford to stay in Deluxe resorts for vacations. I would have to limit my vacation to 3-4 nights at Wilderness Lodge, whereas I could stay a week in a Moderate or even 10 days at an All-Star resort. If I buy into DVC now, I get to lock in my current rate, use my home resort and also try some other resorts over the years, which would be out of my budget for a long time, if I paid per visit. Also, in a few years I will be even more established and earning more income but I will still be locked into my current price for DVC!

Now, for the biggest reason that I think now is the time for myself and other Millennials to look into buying DVC is our age. It’s the main thing we have going for us with Disney Vacation Club! Obviously, that’s not to disparage Baby Boomers or any other generation but, statistically speaking I should live to the end of my DVC contract if I bought any resort right now. Tomorrow morning I could wake up and purchase a resale of Copper Creek and confidently know that I should be able to enjoy that contract until the end of its term. Yes, I will be in my mid-70’s when that contract expires but in the grand scheme of things, was $25,000 really that big a deal for the value of having a piece of Disney property until I’m 75 years old? If I used the same money on a new car, would I even remember that car in 49 years? Isn’t this a much better investment of my money? Also, I feel confident in knowing that if I fell on hard times and needed to rid myself of my DVC contract, I can do that.

Furthermore, I think of the memories that I will get to make in doing this. Disney is always changing and evolving; just think of all the new parks, rides, and shows that will be made in the next 50 years and I would have a guaranteed front row seat for it. Every year, I can go back and have my resort and get to see all the new additions, no matter where life takes me geographically. In a few years, when I get married, I can use my points with Disney or even trade with RCI and take a great honeymoon abroad. I can take my children and have a place to stay with them. I can send my son or daughter to Disney as a graduation gift and have the resort paid for. I even get the chance to take my grandchildren someday and have a place to stay with them. I’m also still young enough that I can take my own parents to Disney now and give them the experiences that they provided me as a child.

I don’t think there is a more perfect age to buy into Disney Vacation Club than in your 20’s. You get so many opportunities to create awesome memories at Disney and it’s an investment that can literally span the rest of your life. You can’t really go wrong!

If you are interested, Monera Financial can give loans with no credit checks. So, if you see a contract you are interested in, you can use their calculator to see what your monthly payment would be. https://monerafinancial.com/loan-application/.