Addon Question Resale vs Disney Purchase

[MandM22]

My DW and I are contemplating an addon to our current DVC points. We originally purchased 160 points thru Disney. We contacted out sales rep with some questions about the current prices and any specials.

After looking on the TimeShare store we found some fantastic deals. We are a little apprehensive about going out side Disney to purchase but the prices are just too tempting.

So my question is what are the key factors I should consider in deciding between a Disney addon and a resale addon?

So far (5 Yrs) we have only used our points for Disney vacations. We just want a few more points to allow us to get 1 BR units instead of studios... love the washer & Dryer!

Any help, tips, or advice from the disboard community would be a tremendous aid in our decision.

Thanks,
Michael & Kim

 

[dvcterry]

If you can try to get the same UY, that would be my advice. It's one less thing to try to manage. Otherwise you have another banking deadline. A diffrerent membership number. You may need to transfer points between the memberships. I find it easier to have one UY.

 

[Kidanifan08]

If you can try to get the same UY, that would be my advice. It's one less thing to try to manage. Otherwise you have another banking deadline. A diffrerent membership number. You may need to transfer points between the memberships. I find it easier to have one UY.

I would second this advice, although it is not that difficult to manage if you happen to find the perfect contract with the right number of points at your home resort.

Like you, we have always, and always intend to use our points for DVC at WDW. We bought direct with our first contract, but have done 3 small add-on contracts since then. One of the small contracts is a 50 point contract with a different UY than our other points. In order to use those 50 points together with the other contract, I end up transferring the 50 points to the other contract. An alternative option would be to book 2-3 days with the small contract and the rest of the trip with the other and link the two reservations. With the small contract, I have to keep track of a different banking deadline, but typically I transfer the points before that is an issue.

Resale contracts are restricted from being used for DCL, ABD and Concierge collection. Those options tend to take quite a few points to book and are probably not worth it.

 

[MandM22]

If you can try to get the same UY, that would be my advice. It's one less thing to try to manage. Otherwise you have another banking deadline. A diffrerent membership number. You may need to transfer points between the memberships. I find it easier to have one UY.

Since the membership number is different are you still able to use the online DVC site to maintain the contracts? And are both contracts under your one logon?

I agree about the UY. We aren't in a hurry so we are willing to wait for a contract that has the same UY and home resort.

 

[Missyrose]

Since the membership number is different are you still able to use the online DVC site to maintain the contracts? And are both contracts under your one logon?

I agree about the UY. We aren't in a hurry so we are willing to wait for a contract that has the same UY and home resort.

Yes. I have two contracts with two different UYs and the two member numbers show up under my one online sign-on.

 

[Chuck S]

If you buy the same use year and title the deeds exactly the same as your original contract, they can be added to your current membership number and avoid the hassles of combining the points for a single stay. They can be different home resorts, but the 11/7 month window applies to the points of each resort.

If you are able to get the same use year, be sure to inform your reseller & closing company of your current membership number so it can be noted.

 

[DougEMG]

Buying the same UY definitely makes it easier to manage.

Buying resale means you can not use your points for Concierge Collection, the Disney Collection or the Adventurer Collection, but those are all expensive ways to use your points.

The big thing with buying resale is that it takes more time to end up with the points in your membership. Absolute fastest is 2 months.

Figure out what you want to pay in total ($/point + closing fees + MF), then check out all three of the major brokers and see what they have. Keep checking the brokers regularly and ask them to place you on mail lists plus let them know what you are looking for.

Buying resale is easy and definitely worth it with the money you can save.

 

[MandM22]

Buying the same UY definitely makes it easier to manage.

Buying resale means you can not use your points for Concierge Collection, the Disney Collection or the Adventurer Collection, but those are all expensive ways to use your points.

The big thing with buying resale is that it takes more time to end up with the points in your membership. Absolute fastest is 2 months.

Figure out what you want to pay in total ($/point + closing fees + MF), then check out all three of the major brokers and see what they have. Keep checking the brokers regularly and ask them to place you on mail lists plus let them know what you are looking for.

Buying resale is easy and definitely worth it with the money you can save.

Thanks for the advice... We are now on a mail list for one of the major brokers. Can't see a reason not to go the resale route... In our case at least. Now it's just a matter of finding the right contract ... and then the much talked about RORF period...

 

[MandM22]

Yes. I have two contracts with two different UYs and the two member numbers show up under my one online sign-on.

Thanks Missyrose! That makes managing the contracts much easier.

 

[DougEMG]

Thanks for the advice... We are now on a mail list for one of the major brokers. Can't see a reason not to go the resale route... In our case at least. Now it's just a matter of finding the right contract ... and then the much talked about RORF period...

Other than OKW and BCV, ROFR really isn't something you need to worry about. With both OKW and BCV there is a strong chance that the contract will be ROFR and you'll have to start back at square one.

With SSR and AKV there is absolute no chance of a contract being ROFR'd.


Good luck

 

[ELMC]

Thanks for the advice... We are now on a mail list for one of the major brokers. Can't see a reason not to go the resale route... In our case at least. Now it's just a matter of finding the right contract ... and then the much talked about RORF period...

Other than OKW and BCV, ROFR really isn't something you need to worry about. With both OKW and BCV there is a strong chance that the contract will be ROFR and you'll have to start back at square one.

With SSR and AKV there is absolute no chance of a contract being ROFR'd.


Good luck

I agree with Doug completely. I think people talk about ROFR so much because it is something to do for 30 days or it is entertaining to dramatize the entire process. I've said it before, I think that they are doing new resale buyers an incredible disservice by a) creating anxiety around something that is undeserving and b) indirectly getting people to increase their prices as a way of insuring that their contracts will pass ROFR. The fact remains that nobody on here has shared any concrete information as to DVD's policy on ROFR buybacks. It's all just speculation and at times, educated guesses made from making inferences based on available information.

If you look at the numbers, outside of OKW and BCV you have a significantly high percentage chance of passing ROFR. Unless your deal is a prominent outlier, you are almost assured to pass. And even in the case of an outlier you still have more than a good chance. I recently had a contract pass at BLT for $80 pp with three years points at a time when nothing at BLT was going for under $90 (according to the information posted on the DIS). So bottom line is, if you are looking at OKW or BCV prepare to be either surprised you passed or ready to start over. If you are buying anywhere else, it's pretty much in the bag. Good luck with your purchase!

 

[MandM22]

Thanks everyone for all of the information and advice. It has made my dw and I feel much more comfortable about getting into this resale process. Still a little nervous but in a good way.

 

[VincentNC313]

I would second this advice, although it is not that difficult to manage if you happen to find the perfect contract with the right number of points at your home resort.

Like you, we have always, and always intend to use our points for DVC at WDW. We bought direct with our first contract, but have done 3 small add-on contracts since then. One of the small contracts is a 50 point contract with a different UY than our other points. In order to use those 50 points together with the other contract, I end up transferring the 50 points to the other contract. An alternative option would be to book 2-3 days with the small contract and the rest of the trip with the other and link the two reservations. With the small contract, I have to keep track of a different banking deadline, but typically I transfer the points before that is an issue.

Resale contracts are restricted from being used for DCL, ABD and Concierge collection. Those options tend to take quite a few points to book and are probably not worth it.

Hi...I'm thinking of adding on to my existing contract (bought directly via Disney in '93) -- I understand that there is a convenience/simplicity to having the same use year -- however, I'm unclear on the practice of 'transferring' points from one account to another if I was to have two different use years. Can someone clarify what the process of 'transferring' entails? Is it simply a phone call, e-mail or web site update? Or is there a fee of some sort? Thanks!---Vincent

 

[drusba]

Hi...I'm thinking of adding on to my existing contract (bought directly via Disney in '93) -- I understand that there is a convenience/simplicity to having the same use year -- however, I'm unclear on the practice of 'transferring' points from one account to another if I was to have two different use years. Can someone clarify what the process of 'transferring' entails? Is it simply a phone call, e-mail or web site update? Or is there a fee of some sort? Thanks!---Vincent

Transfer simply means moving points from one member number to another (when you have two use years you have two member numbers) and can be done on a short phone call with MS and there is no fee. Once transferred you can mix the points from the two member numbers to reserve any particular night. Transferred points retain their own resort identity and banking dates. You cannot transfer points that have already been borrowed or banked but you can bank points after they are transferred. Rules say you are allowed only one transfer, in or out, per use year per member number although when the transfers involve only a member with two use years, they usually allow multiple transfers.