Yes but when most won’t let your heirs get out of the contract even that’s the problem. In principle they make sense, Disneys for example has got to be the least scammy of them.
Checked a little bit Disney. Picking a flexible option for a large family:
From $350 to $1,200 per month for a 10-year loan with a 10% down payment = $144,117
+ the annual fees.
Oh well...
"Ability to finance through our in house financing with no credit check" errrrm.
"A groundbreaking non-credit check model for financing DVC loans. No credit check, no debt-to-income ratios, simply financed based on the value of your purchase."
Though if you purchase from the secondary market ( = people reselling it), it gets cheap enough that it becomes interesting.
Resell is the real value, but you need to make sure you understand the limitations to benefits as only people that have bought enough points directly get access to certain benefits such as lounges.
And really the whole thing only makes sense if you pay upfront without a loan.
I've priced it out a few times and for me it doesn't make sense despite staying at WDW ~ 4+ weeks a year.
But when compared to other timeshares, it's not a total lock in and Disney has apparently started buying back contracts if you wanted out.
