Add-on questions?

[disneyeveryyear]

We are planning to add on 50 pts. this week to our SSR contract.

We have a June UY so I believe that we will receive 2006 pts. immediately and 2007 pts. in June. Is this correct?

If so, will they allow us to bank these pts. even though we are past the deadline?

I have a call in to my guide and he called me once and scheduled a return call at a more convenient time yesterday afternoon and then didn't call. Maybe when he found out it was only 50 pts. he was as thrilled.

If we do receive 2006 pts., do we only pay dues on them from the date of closing thru May 31, 2006, or how are the dues pro-rated?

Thanks for the help.

 

[RobDoc]

I believe that MS is currently allowing these add-ons to be banked at closing. That has not always been the case, so you might verify that to be certain.

As for maintenance fees, the Use Year has nothing to do with the computation as dues are based only on the calendar year. If you purchased today, you would owe about 8.5 months of fees for 2007 on the number of points purchased. The fees will be prorated based on the date of purchase - so you'd owe 257/365ths of the usual fee for that number of points. This is based on when the deposit is made, not based on closing. (You will also be able to make reservations as soon as the deposit is paid.)

 

[disneyeveryyear]

I believe that MS is currently allowing these add-ons to be banked at closing. That has not always been the case, so you might verify that to be certain.

As for maintenance fees, the Use Year has nothing to do with the computation as dues are based only on the calendar year. If you purchased today, you would owe about 8.5 months of fees for 2007 on the number of points purchased. The fees will be prorated based on the date of purchase - so you'd owe 257/365ths of the usual fee for that number of points. This is based on when the deposit is made, not based on closing. (You will also be able to make reservations as soon as the deposit is paid.)

Doc,

If I understand you correctly, I will not owe any MFs on the 2006 dues. Is that how you understand it?

Still waiting to hear from Guide.

Thanks,

B

 

[LisaS]

If I understand you correctly, I will not owe any MFs on the 2006 dues. Is that how you understand it?

Dues are paid on a calendar-year basis. When you purchase from Disney they charge you a percentage of current year dues based on how many days are left in the calendar year. So as Doc said if you purchased today, you will owe dues for the remaining 257 days of 2007.

Points are allocated on a Use Year basis. So if you want to equate dues to points, you could look at it this way: With a June UY, the 2007 dues covers the last 5 months of your 2006 UY (Jan-May '07) and the first 7 months of your 2007 UY (Jun-Dec '07) Because you are purchasing part-way through 2007, the dues on your add-on start on your purchase date, so you avoid paying any dues for Jan-Mar and the first half of Apr. So you are getting all of the 2006 UY points, but will only pay dues for the last 1-1/2 months of your '06 UY. That works out to about 12.5% -- so you are paying about 12.5% of the dues on those 2006 points.

 

[mike0035]

Talked to my guide yesterday and for add on at SSR it is as follows
1) 2006 pts
2) you can bank them even though past the deadline
3) NO dues on those pts at all this year
4) $101 a pt minus a $10 per pt incentive

 

[LisaS]

3) NO dues on those pts at all this year

Just want to be sure I understand: are you saying no dues at all for 2007?

 

[mike0035]

No dues on any add ons to SSR. My UY is Dec so I would get Dec 2006 pts and would not pay any dues on that add on this year

 

[Amy5000]

No dues on any add ons to SSR. My UY is Dec so I would get Dec 2006 pts and would not pay any dues on that add on this year

Just to clarify:

You will only pay calender 07 MFs on a pro-rated basis from your date of purchase. If you have a December Use Year and buy points in Nov. 07 you would get 06 points (maybe they will let you bank them) and you will only pay a very small portion of calender 07 MF. Then on Dec 1, 2007 you would get your next years allotment.

If I ever actually get to be a DVC owner (I just passed ROFR today) I'm considering buying a small add-on right before the end of my use year so I can get "extra" pts, for less in MF if they will let me bank them.

 

[summergolf]

Wow everybody adding on at SSR this week? We just added on 65 points.
Dec UY can bank 06 pts. Now I wasnt smart enough to ask about MF...I just assumed they would prorate this years dues

 

[mike0035]

This incentive ends june 1st so will not be able to buy in Nov and bank the points

 

[disneyeveryyear]

I finally spoke with my guide.

We have a June UY and will receive the '06 points and will be able to bank them.

There will be no dues on the '06 points and pro-rated dues on the '07 dues.

We now have enough points for our February trip and will then get points again in June '08.

 

[Caskbill]

Hopefully the guides aren't telling members that dues paid actually apply to a specific use year's points. They don't.

Dues apply to the calendar year, not use year at all.

If someone with a June UY bought today, and someone with a December UY bought today, they'd both be paying the dues for the remainder of Calendar Year 2007, or as Doc said, about 8-1/2 months of dues. They'd be paying the same dues even though their use year months were very different.

 

[HockeyKat]

If I were to say, add-on 25 pts at OKW, what would the price/pt be? $87? Is the granting of '06 pts only on SSR points, and does the number of pts purchased make a difference?

Also, what do you do if you have bought resale and don't have a "guide"? We did do the tour so we were assigned one then, is she still ours, or would we just call and inquire?

 

[dianeschlicht]

If I were to say, add-on 25 pts at OKW, what would the price/pt be? $87? Is the granting of '06 pts only on SSR points, and does the number of pts purchased make a difference?

Also, what do you do if you have bought resale and don't have a "guide"? We did do the tour so we were assigned one then, is she still ours, or would we just call and inquire?

I would assume it is the same deal for banking add-ons. If you call the main number, they will let you know who your guide is if it has changed.

 

[LisaS]

If I were to say, add-on 25 pts at OKW, what would the price/pt be? $87? Is the granting of '06 pts only on SSR points, and does the number of pts purchased make a difference?

You will receive current Use Year points with an add-on at OKW or any other resort. So if you have a Jun, Aug, Sep, Oct or Dec UY, you are in your 2006 UY so your add-on would start with '06 UY points. If you have a Feb, Mar or Apr UY, you are in your 2007 UY and your add-on would start with '07 UY points.

I think the current price at OKW is $92/pt and that the $87/pt incentive price is only for VB and HHI but ask your guide.

Your 2007 dues will be pro-rated from your purchase date.

 

[LisaS]

Hopefully the guides aren't telling members that dues paid actually apply to a specific use year's points. They don't.

Dues apply to the calendar year, not use year at all.

If someone with a June UY bought today, and someone with a December UY bought today, they'd both be paying the dues for the remainder of Calendar Year 2007, or as Doc said, about 8-1/2 months of dues. They'd be paying the same dues even though their use year months were very different.

That first statement in your post is exactly what I wondered as well. I asked whether they were told "no dues at all for 2007" to see if there is some unadvertised deal on add-ons at SSR at the moment. From the responses, I still can't tell if that is the case.

When I purchased my VWL add-on back in 2006, my guide said something like "you will get the '05 points but you don't have to pay '05 dues". That's actually a correct statement, but I could see how someone might misinterpret that to mean "I don't pay any dues on the '05 points" which is not a correct statement since some of my '06 dues applied to a portion of the '05 points that I got with the add-on.

So I'm back to wondering if there is an unadvertised incentive at SSR (no dues at all in 2007, or those in their '07 UY are being given banked '06 points) or whether it's business as usual with dues pro-rated for 2007, starting from the purchase date.

 

[disneyeveryyear]

Hopefully the guides aren't telling members that dues paid actually apply to a specific use year's points. They don't.

Dues apply to the calendar year, not use year at all.

If someone with a June UY bought today, and someone with a December UY bought today, they'd both be paying the dues for the remainder of Calendar Year 2007, or as Doc said, about 8-1/2 months of dues. They'd be paying the same dues even though their use year months were very different.

Caskill-

I just actually wanted to make sure that I would only be paying my dues for '07 (pro-rated). It seems like such a bonus to get a set of points that don't have any dues associated with them.

So I'm back to wondering if there is an unadvertised incentive at SSR (no dues at all in 2007, or those in their '07 UY are being given banked '06 points) or whether it's business as usual with dues pro-rated for 2007, starting from the purchase date.

I am really sorry to have stirred up this hornets nest and think the big problem here is semantics. I am still currently in my '06 UY (June), thus I will get the '06 allotment of points for my add-on which they are letting me bank even though my banking deadline has passed. However, my dues for CY '07 (which I pay monthly) will increase immediately. I hope that makes sense. There is no special incentive re: CY'07 dues on add-ons (at least not that I know about).

 

[LisaS]

I just actually wanted to make sure that I would only be paying my dues for '07 (pro-rated). It seems like such a bonus to get a set of points that don't have any dues associated with them.

If you're paying pro-rated dues from date of purchase, you are paying some dues on those '06 points. But you are getting all of the points and paying only part of the dues on them so it is indeed a great deal!

I am really sorry to have stirred up this hornets nest and think the big problem here is semantics. I am still currently in my '06 UY (June), thus I will get the '06 allotment of points for my add-on which they are letting me bank even though my banking deadline has passed. However, my dues for CY '07 (which I pay monthly) will increase immediately. I hope that makes sense. There is no special incentive re: CY'07 dues on add-ons (at least not that I know about).

That does make sense and you haven't stirred up a hornets nest. I try to be sure any info I post here on the DISboards is correct so when someone posts something that is different than how I understood things to be, I will probe for more info so that I can figure out whether something has changed. So thanks for clearing things up!