Add On Confusion

[JesseDisney]

I could really use some help, can someone REALLY explain the whole add on process to me, including -- Is it an add on if it is at a different resort than your home resort? Is it an add on if it has a different use year? or is it a new contract? What are closing costs for either of those, interest rates? anything else that needs explaining that i need to know lol Thanks so much

 

[RobDoc]

I could really use some help, can someone REALLY explain the whole add on process to me, including -- Is it an add on if it is at a different resort than your home resort? Is it an add on if it has a different use year? or is it a new contract? What are closing costs for either of those, interest rates? anything else that needs explaining that i need to know lol Thanks so much

Technically, an add-on can ONLY be done directly thru Disney.You may add-on at any DVC resort. You will have the same Use Year, but the contract may be at any DVC resort.

Currently, there would be no closing costs and interest rates would be the same as others directly thru DVC.

If you want a different Use Year, you would need to have a new contract- either 160 points directly thru DVC or any number of points by resale.

Add-on contracts thru DVC will have no closing costs thru DVC. Resale contracts would have closing costs asscociated unless you have negotiated differently in advance.

With a resale contract, do the math in advance for all expenses.

Enjoy!'

 

[JesseDisney]

Thanks so much. If you add on, does that new payment (if you finance) jus get added to the old one, or are they seperated? Thanks again

 

[RobDoc]

Thanks so much. If you add on, does that new payment (if you finance) jus get added to the old one, or are they seperated? Thanks again

Financing for an add-on would be a separate agreement if done thru Disney. It can be done as an autodebit so the effect would be the same. Since the financing is directly tied to deeded property, each contract would have it's own financing. If you find other financing you could combine all loans into one.

 

[Hopefully]

Since the Add - On would be the same Use Year, but could be a different resort, does that mean that you would have the 11 month booking advantage at 2 different resorrts?
Can you combine the total points (same Use Year) into booking a longer vacation at the same resort?
Thanks for the answers

 

[chalee94]

Since the Add - On would be the same Use Year, but could be a different resort, does that mean that you would have the 11 month booking advantage at 2 different resorrts?
Can you combine the total points (same Use Year) into booking a longer vacation at the same resort?

Thanks for the answers

you cannot combine points (to book 11 months out at BCV with SSR points, for example.)

http://www.disboards.com/showthread.php?t=1418881

you can bank or borrow points of that same home resort and book using the 11 month advantage for that resort.

 

[RobDoc]

Since the Add - On would be the same Use Year, but could be a different resort, does that mean that you would have the 11 month booking advantage at 2 different resorrts?
Can you combine the total points (same Use Year) into booking a longer vacation at the same resort?
Thanks for the answers

You will have the 11 month priority at each resort you own, but the points cannot be combined until 7 months before arrival.

Enjoy!