|05-02-2013, 02:44 PM||#13|
A little Miami humor...
Join Date: Feb 2005
Location: Miami, Wyndham Great Smoky Mountains, and EVER (Everglades National Park)
A couple of comments on some of the info you've received so far:
There are at least two potential meanings to this term, one applying to a resale purchase and the other applying to a purchase direct from Disney.
When you buy direct from Disney, you get the full allotment of points you are purchasing -- no more, no less. DVC uses "Use Year," which means the 12 month period during which points may be used. In the example above, one poster talks about buying a contract with an October UY. If you buy direct, you would be purchasing during the 2012 UY for that contract, because October 2013 hasn't rolled around yet. Yes, you are getting "2012 points," but you're not getting something for nothing. You are getting what you paid for.
Posters on the DIS will sometimes say you're getting "last year's points free" because they simply don't understand UY or that particular transaction. Any DVC timeshare salesperson who tells you you're getting points for free is lying -- OR you misunderstood, which is not hard to do.
When you buy resale, you get what you purchase but there can be a tremendous variance in what that means. The reason for that is not only UY, but also the banking and borrowing features of DVC. dbs1228 above is legitimately getting "free points" from 2011 because the seller had banked those points into the following (Oct 2012) UY. They are buying what is called a "loaded" contract (one with significant extra points available). Now, those banked 2011 points expire on Sept 30 of this year, so whether they can use them (or rent them) remains to be seen. But they are truly getting "free points."
On the other hand...(and you could probably anticipate hearing this other shoe drop), in a resale you could also be buying less than full points. That is called a "stripped" contract, and it happens when a seller has used all the points from the current UY, or even borrowed points from the next UY.
So, in a resale, it is VERY important to research carefully and fully understand how many points you are getting in the current year, and future years. Not surprisingly, "loaded" contracts tend to sell a little above average market price, and "stripped" contracts tend to sell a little lower than average.
Ignore perks. I'll repeat that so there is no misunderstanding: Ignore perks.
Perks come and go with one swipe of the Mouse's pen. They can and do change -- sometimes in ways you will love, sometimes in ways you will hate -- and they can change without any notice at all. A few years ago, DVC members valet parked their cars at their resort as a free perk, and awoke the next morning to learn they owed $10 for valet parking. The perk literally went away overnight with no notice to anyone.
"Restrictions" on Resale Purchases
If you are only purchasing 100 points, you can safely ignore those restrictions as well, because they will be meaningless to you. The things you lose have point costs far beyond the reach of a 100-point contract...even with banking and borrowing.
You have come to the right place for clear, unbiased opinions on DVC. Opinions will vary all over the place, but most of the posters here are knowledgeable and nobody's trying to sell you anything.
Research carefully and well. Good luck.
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