First…there is no such thing as “free” dining. It means a bundled package, and often at rack rates.
Is DVC a good deal? I rent points to guests, and ONLY when WDW was running the stay 4 get 3 free deal did they match the price of renting points, paying for the DVC DP, and buying park tickets. And that was ONLY if you stayed at value resorts. And my member fees (annual dues) cost is well below the rental rate.
There are lots of things to consider buying DVC, with the main being how often you want to visit WDW or a Disney property. There are restrictions on use of resale contracts, but buying direct from DVC you can use points for other properties, trade into cruises, Adventures by Disney or trade into other non Disney timeshares. (Your best value is staying in DVC resorts by far!)
The best thing DVC has going for it (other than LOCATION, LOCATION, LOCATION) is the flexability. Stay 1 night or as many as you can until your points run out. You can start with as few as 25 points (resale) then add on cash/finance 25/50 points at a time until your reach the number you want.
Feel free to email me with any questions. RLC@RLCarmichael.com I am in real estate and started with 200 points and 2 contracts. I now have 11 contracts and a whole lot more points than I thought I ever would buy - I must like it! :laugh: