Add on points at SSR or resale at OKW?

[Lost boy]

We currently own 150 pts at SSR, Dec UY, we are considering adding more points. We are not sure if we should take the Disney incentives at SSR for 110 pts or buy resale 100 pts at OKW for $81 with the same UY.

We also own another timeshre through II, so we would only be going to Disney every other year. We like OKW, but think our children (24, 22, 18 & 16) would like SSR better for DTD.

We are not Disney experts, and have not even been there yet using our points. What are some options we haven't considered?

Thanks for any responses!

 

[rsinj]

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[Lost boy]

With 4 children and 1 grandchild we are looking ahead, that even if we don't go, our children will want to go more often. Also, the need for more points for the Grand Villas for family vacations may be in our future.

We bought the 150 pts last year after returning from our II vacation and paid in full.

We have been to Disney 3 times and on the Disney Cruise, just not through DVC.

Our long term plans are to have enough points and/or vacation weeks to total 6 weeks through DVC and II time shares so we can share them with the 4 children.

Thanks for your response.

 

[sajetto]

so there is not a real necessity to buy OKW points.
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Unless of course you need the 11 month booking priority for Christmas or a GV

 

[sajetto]

Looks like the posted at the exact same time as I did and my hunch was right.


If you don't have a preference between OKW and SSR, I'd go for SSR since its a better deal with the incentives and has a longer contract (resales expire in 2042), but if you have a strong desire to stay at one over the other then the advice around here is always to buy where you want to stay.

 

[BWV Dreamin]

One option is to not add more. Why don't you take a visit first and stay at SSR? And, if you are only going every other year, will 300 points at a time not cover what you need?

You already have 150 points and another timeshare. Between the two, do you still not own enough to satisfy your travel/vacation needs? If you financed the 150 points, maybe the extra money would be better used to pay that off instead of more points?

I personally believe that folks need to take time to think about what they have and consider if they really need more points. In addition to the $8000+ you're going to pay up front, that's another $500 per year in maintenance. If you are financially well off and none of the above applies, then why not - buy more now. Looking at the SSR vs. OKW resales, right now, I think that the SSR contracts are a better deal - for only a couple dollars more than OKW you'll get the extra years and the maintenance is lower. As we've been discussing on another thread, there are quite a few SSR resales available now, and the general consensus is that there will be many more coming on the market, so pricing may even get a little better for buyers. You won't have any difficulty using your SSR points at OKW - so there is not a real necessity to buy OKW points.

We have "only" our original 150 points, manage to average 2 to 3 trips a year and still have points to bank - and we don't always stay in a studio.

I don't really get why people keep adding on and adding on. I know there are those small contract resale advantages, but reading some here on the boards, it looks like an addiction with some. I am very content with the 174 pts. at BWV. I only bought an additional 50 at VB because we love a beach resort, use these pts. only for VB. And if we want to sell those BWV down the road, still have this little 50 pointer to stay in the club. I'll just take my chances at 7 mos. and be very grateful for whatever I get. JMHO. Some just never seem satisfied.

 

[Lost boy]

I don't see any problem with adding on as long as you are not putting your family in a hole. If you are putting your families finances in jeopardy, then you have a problem. We are in our mid to late forties with four kids (two out of college), one grandchild and the only bill we have is our house that will be paid off soon.

If we can secure enough vacation time to accomodate our whole family together and separately, why not?

 

[dizney4us]

Your add -on does not seem unreasonable. Some people do get carried away and have 600+ points, it seems a bit much. You have a large family and I totally understand wanting to take care of everyones vacation needs. We bought at SSR, toally love it, have taken our children, my parents and my brother and they are in awe of it's beauty, and how peaceful it is. This May we will all be back again along with my sister, brother in-law and their kids. There will be 11 of us total, and it's so nice to be able to take care of it all for them!
SSR and OKW are so big, you shouldn't have a hard time staying at either unless it during holidays. Bet wishes!

 

[DVC Mike]

I don't really get why people keep adding on and adding on. I know there are those small contract resale advantages, but reading some here on the boards, it looks like an addiction with some. Some just never seem satisfied.

Your add -on does not seem unreasonable. Some people do get carried away and have 600+ points, it seems a bit much.

Some folks may be happy with a small amount of points, and others may be members of the 1000-point club. Just like some folks are happy staying at Pop and others prefer GF. I don't see how anyone can call anyone's investment in DVC as "unreasonable" or an "addiction".

I happen to love vacationing at Walt Disney World, and I've been blessed with the financial situation to allow me to purchase 600+ points.

 

[sajetto]

We are about to do our final add-on which will bring us to 701 points. We never financed any of them and we have a financial planner that has worked for the family for years. She has gone over our expenses with a fine tooth comb and YES it is evident that largest portion of our funds that goes toward unnessary purchases is DVC and Disney in general. However, the amount spent on other categories such as automobiles, clothing, and entertainment interests is significantly below the norm. She put it to us this way.......it is evident that we place our vacations at a high priority, but make up for the money spent in those areas by being particularly frugal in all other aspects of daily living.

To make a long story short, some people value their vacations more than they do their cars, mega mansions, or couture clothing and there is nothing wrong with that. Everyone has different interests.

 

[rsinj]

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[zalansky]

Add the points, you only live once.

And can I ask, what is the current incentive through Disney with the 110 point minimum?

Sajetto - love your comments. And for the 701 points - I am only at 300 and want just 400 and I was worried I was addicted there for a second.

 

[rsinj]

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[AKV707]

I would go with SSR. With the incentives, the deal is pretty good. All of your points will be at SSR and buying through DVC, they will all have the same use year. That will make it easy to manage. You will be able to use all of your points at the 11 month window at SSR, which will make getting a GV easier, and also be able to use all of them at OKW.

 

[Lost boy]

If we do the add-on at SSR does anyone think we'd have a problem getting a 2-bdrm or grnd villa at OKW at the 7 month window? I love the southern look of OKW. But to be honest, to us their all 5- star resorts, our other timeshare the royal sea aquarium is 5-star, we've traded for other royal resorts and while different, their 5- star and we've loved every one of them. I'm sure we'll feel the same about all the DVC resorts. Today I'll call member services to book my 2-bdrm then leave a message with Todd Beardon our guide, I already put in a call to the TSS, we'll see what happens .

 

[Tine731]

We currently own 150 pts at SSR, Dec UY, we are considering adding more points. We are not sure if we should take the Disney incentives at SSR for 110 pts or buy resale 100 pts at OKW for $81 with the same UY.

We also own another timeshre through II, so we would only be going to Disney every other year. We like OKW, but think our children (24, 22, 18 & 16) would like SSR better for DTD.

We are not Disney experts, and have not even been there yet using our points. What are some options we haven't considered?

Thanks for any responses!

Back to the original question.....You may want to consider this. Disney is offering add on points at OKW for $96 per point with the 15 year extension included. If you purchase a resale for OKW at $81 and want the 15 year extension added to extend the life of your contract you will end up paying more then $96 per per point (81+15=96 plus the closing costs) With Disney you can purchase an add on with as few as 25 points.

Just more one more thing for you to consider. Good luck.

 

[Buckeye Fan]

From what my SIL has experienced (and OKW is her home resort), getting a GV can be tough. She tried to get one for this summer, and they were already taken the week she wanted to go at the 9 month window. She checked for Spring Break at the 9th month window, and of course, those were already snapped up as well.

If you really think you'll be renting GVs often, I'd buy points at the same resort so that you can use all of your points to book at the 11 month window and ensure you have a GV for all the nights you want. You will definitely need this advantage if you're trying to take everyone down over Christmas or Spring Break. Then, if you happen to get a GV at OKW at the 7-month mark, GREAT! Cancel your SSR ressie.

We're looking to do a small add-on in the future, and from what I've read on the boards, I don't know that I'd add on at another resort for less than 100 points. I know others do it, but for me, the cons outweighed the pros. I'd want enough points to be able to book solely off of (even bank/borrow) the add-on contract to take advantage of a home resort priority.

Congrats on your future purchase and hope you have many WONDERFUL family vacations with your points!

 

[AKV707]

I agree. I really think there are some benefits to having all of your points at one resort. That is. of course, if you like your home resort. It does give you flexibility in terms of size of accomodations.

 

[Lost boy]

A friend just e-mailed us that he found week 8 at the royal sands in cancun for sale for 16000$. It's a 2bdrm villa that probably sells for more than double that thru royal resorts. Our kids like the sands as much, maybe more than Disney having been there twice. But royal sands is one of the trades that DVC offeres, maybe it's a better use of $ on points and use them to trade into the sands thru II. Does anyone know how hard a trade like that would be to obtain? I'm sure it would depend on avalibility. I guess we have to crunch some numbers.

 

[castleri]

I would do the add on at OKW for the 11 month window for a GV. With banking and borrowing you should be able to get the days you need and even if you need more you could try at the 7 month window to add them with the SSR points. I own at 3 resorts and it is nice to have the different 11 month options although we haven't used them in the last couple of years except for Christmas at OKW. The real irony is that we use our BCV points at OKW and SSR more than BCV. Once you start using the points you will get a better idea of where would be the best place to buy more. The low points and bigger rooms at OKW are what makes me so happy to have points there for the hard to get times at the 11 month window if I want to use it. Compare the point costs of the GVs at the different resorts and you can do with fewer OKW points for the same number of days.