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-   -   What should I know about adding points? (http://www.disboards.com/showthread.php?t=3002667)

UGAFan0829 10-04-2012 02:24 PM

What should I know about adding points?
 
My hubby and I are tossing around the idea of adding on points. Is there anything I should know before calling our guide? I'd like to be informed as possible. I know that you have to purchase at least 50 points in order to finance it, but does anyone know how long they will finance it for? Anything else I need to be aware of? Thanks a bunch!

okw2012 10-04-2012 02:37 PM

Quote:

Originally Posted by UGAFan0829
My hubby and I are tossing around the idea of adding on points. Is there anything I should know before calling our guide? I'd like to be informed as possible. I know that you have to purchase at least 50 points in order to finance it, but does anyone know how long they will finance it for? Anything else I need to be aware of? Thanks a bunch!

My advice is:

1) buy same use year, it makes it much easier to bank/borrow and combine points when booking
2) buy resale and save a ton of money! The process is really easy. Make low offers and be patient, you'll save even more.
3) buy at a second resort to get more choice at the 11 month mark and reduce risk of major increase in dues. Think about SSR if you don't own there.

chalee94 10-04-2012 02:43 PM

Quote:

1) buy same use year, it makes it much easier to bank/borrow and combine points when booking
if you are adding-on direct for 50 pts, you have no choice. it would have to be the same UY month.

Quote:

2) buy resale and save a ton of money! The process is really easy. Make low offers and be patient, you'll save even more.
this is great advice. make sure the UY month and names on the title are exactly the same.

Quote:

3) buy at a second resort to get more choice at the 11 month mark and reduce risk of major increase in dues. Think about SSR if you don't own there.
just remember that if you have 2 resorts, they are separate until the 7 month window. (you cannot combine BLT pts with SSR pts to book THV at 11 months out, for example. at 11 months out, only SSR pts from an SSR contract will work.)

dvcterry 10-06-2012 09:50 PM

op direct financing is 10 years. yes you have to add on 50 pts to finance. minimum to add on is 25 pts. they had a promotion for akl and aulani if you added 100, you would get 10 lifetime additional points. you will get the same UY.

okw2012 10-07-2012 09:14 AM

If you really want to buy from Disney, and are interested by AKV, then see if you can still register for Samantha Brown's infomercial, the offer made at the end of the show was a better deal than the current special. Can't remember the details, it varied with the number of points bought.

ELMC 10-07-2012 10:21 AM

Quote:

Originally Posted by UGAFan0829 (Post 46349111)
My hubby and I are tossing around the idea of adding on points. Is there anything I should know before calling our guide? I'd like to be informed as possible. I know that you have to purchase at least 50 points in order to finance it, but does anyone know how long they will finance it for? Anything else I need to be aware of? Thanks a bunch!

It's great that you're coming on here to ask these questions. This isn't meant to disparage direct purchases or financing, but I did want to answer the questions I have bolded above to the best of my knowledge. I hope you find it helpful.

First off, I personally don't care for the word "guide" when being used to describe DVC salespeople because I don't feel it's an accurate representation of what they do. They are salespeople and their job is to sell you DVC points (and more specifically, the DVC points that they want to sell you and not necessarily the points you want to buy). I'm sure you're aware of this, but it bears repeating.

As far as your potential purchase, I feel that there are two things you should be aware of. First, when purchasing a small amount of points, you are not able to capitalize on the breakpoint discounts that DVD offers for larger purchases. So in essence you will be paying the most per point that you can possibly pay. I'm not saying this is a reason to buy more, just letting you know. That being said, if you buy resale, the premium that small contracts command along with closing costs being amortized over a smaller amount of points means that the gap between direct and resale will be pretty narrow. So in your case the way to get the lowest price per point possible would be to look at a larger contract through resale. A 100 point contract resale would most likely cost you less than a 50 point contract direct. Plus, you could always rent out any unwanted points to cover the maintenance fees on all of the points. Yes, it requires a little more work, but in my opinion it's well worth it.

The second thing you should realize is exactly what financing does to the price of a contract. If you were to finance at the rate of 13.99% over the full 10 years, it would add almost half of the purchase price in interest charges. So there is a distinct possibility that you might end up paying three times as much per point buying direct and financing as you would paying cash for a resale. To me, this is lost money and I would not do it. But only you know what you are comfortable with. Good luck making your decision. :)


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