A whole bunch of questions... hopefully someone can help:)

[BrettS]

First a bit of background... my parents are DVC members and I (as well as my brother and sister) are on their deed. My parents paid for it originally and pay all the membership fees and such, so it's really their membership. While my siblings and I travel to Disney with my parents at times we don't really have any control over those points. We were just listed on the deed so it would be easier to transfer control to us after my parents passed on.

Now, my wife and I have been talking lately and we're considering purchasing a DVC membership for ourselves. We only live about 40 minutes from Disney, but every now and then it's nice to spend a night or a weekend at the world... especially when we have friends and relatives visiting. For the immediate future we really don't see ourselves doing weeklong stays or anything, but we're thinking we'd get enough points to do maybe 4 or 5 overnight stays a year. If and when we ever move out of Florida then things might change and we can always add points later if we need to.

Now, here are my questions. Do you think it would be better for us just to purchase more points on the deed I share with my parents or would it be better to get a deed in my (and my wife's) names? I'm certainly not worried about my parents (or siblings) stealing my points and it might actually be nice to have the points on the same account so that one of us could easily borrow a couple of points if we needed a few more or we could combine our points for a combined stay to get a larger room rather than two smaller ones. Do you see any benefits (or drawbacks) to doing this?

If I'm already named on one deed is it still possible for me to get another deed?

I'm not sure if it makes sense to go through Disney or resale for our initial purchase and I've seen a few threads about the pros and cons for each option, so I don't really have any questions about that. However, I do know that we couldn't afford to pay cash for the initial purchase so we would definitely be looking at financing it. Can we finance a resale purchase? Is it any different than financing a sale through Disney?

I think that's about all I can think of for now, but I'm sure I'll come up with more questions later.

Thanks much,
Brett

 

[RobDoc]

If you are wanting to purchase just a small number of points as an add-on to the original contract and it would be titled exactly[i/] the same as the original purchase in your parent's and sibling's names.

If you are purchasing by resale you could make the purchase in your own names and you would then be able to add-on in the future thru DVC. If you will be purchasing thru DVC as a minimal required number of points at one of the resorts (160 for most resorts, but AKV and BLT have been offering smaller initial purchases), then you could also have the purchase in your name.

Good luck with your decision!

 

[Sandisw]

The benefit of adding on through the current membership is that you could combine all the points at 7 months without an issue (11 months if you purchase the points at the same resort).

The drawback is that the new points that you paid for would now be owned by your siblings, your parents, and you. But, not your wife. She would remain a non-member.

If it were me, I think I would be more apt to buy my own contract, under my own name. And, if you did need some points from that contract, you could always have them book 1 night of your reservation while you book the others and then simply link the reservations. This would still give you the ability to use both points but also have something that is your own.

Good luck!

 

[Dean]

No matter how much financial sense it made, I wouldn't combine them with your other family OR I'd buy under their contract then quickly change the deed to just your names. Depending on how many points you end up with and home resort, you'd have to decide the best approach overall.