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Old 10-04-2012, 01:23 AM   #1
Join Date: Sep 2012
Posts: 180

Help me evaluate this contract, please!

We have decided to purchase 100 SSR points. We decided on 100 points because that gets us close to a 1 BR for 3 nights in February, which is our preferred time to be at WDW, with borrowing or banking a few points if needed. We decided on SSR because we do not need to stay at a particular resort and SSR seems a good value for the annual fees.

So, now that that decision is made (although feel free to challenge my logic--better to find the flaws now than after we have purchased!), I am starting to try to figure out how to weigh the various pieces of a contract. I received an email from the Timeshare Store (I think I am allowed to disclose this) and this SSR contract caught my attention:

100 points. August use year. 169 points currently available (71 + 98 banked points from 2011, banked points need to be used by 8/1/13) and 100 points coming on 8/1/13. NO ANNUAL DUES UNTIL 2013. Closing Costs=$397 Priced at $68/pt ($6800).

The first thing I noticed is that the price per point is higher than most of the SSR contracts listed on the "Have You Passed ROFR" thread--$50 - $60 per point seems to be a more typical price range. But this contract has a lot of points available to use right away. Plus, there are no annual fees to pay on the 2011 and 2012 points.

I am not sure how to process these variables. Does anyone have anything like a formula to figure out how to weigh price per point vs. points avaliable vs. fees (vs. anything else I am not thinking of)!?

ETA: I have just started looking seriously for a resale, so while I wouldn't be opposed to actually purchasing this contract, I really am using it primarily as an example to get some help in figuring out how to recognize a good resale contract.
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