Add on Questions

[katied]

I'm planning to add on - probably around 150 pts. I bought from Disney the first time around at BWV. I really only want to stay at BWV or BCV, so I'm thinking of adding on at BCV.

I was thinking of buying resale vs. being on the waitlist with Disney.

What are the pros/cons of going this route?

Are there reasons I would want my use year to be the same (I have a March use yr now).

I would not finance, so that is not a concern.

Thanks!!

 

[Buckeye Fan]

I'm planning to add on - probably around 150 pts. I bought from Disney the first time around at BWV. I really only want to stay at BWV or BCV, so I'm thinking of adding on at BCV.

Definitely buy where you want to stay. Having 150 points at BCV will definitely give you enough points to book every year or every other year (depending on size of room and time of year) and allow you to book 8 - 11 months out. Gives you a much better chance of getting the reservation you want when you want it.

I was thinking of buying resale vs. being on the waitlist with Disney. What are the pros/cons of going this route?

Through Dis:
* May have to waitlist
* Will get your current UY
* Can make ressies almost immediately
* Don't have to deal with negotiations (no closing costs) and ROFR

Resale:
* Can save a decent amount per point
* Can choose any UY you want
* Will take about 2 1/2 months from offer to being in Dis's system.
* Will have to negotiate contract with seller (price per pt, who pays closing, who pays MFs, etc.). Just as an FYI, we have never paid closing costs on 3 resale contracts, so terms are negotiable.
* Once terms are agreed upon, must pass ROFR. If Dis exercises right to buy back, you start all over again. Not always, but most of the time, Dis will only buy back if you really go in low on an offer. Visit ROFR thread and you can see the prices that are passing.

Are there reasons I would want my use year to be the same (I have a March use yr now).

Depends on how well your current UY works for you and when you plan on traveling. Let's say you travel April and October regularly. Having a March and Sept UY would be great. You could use your Sept UY for your Oct vacations and your March UY for your April vacations. This would give you the most flexibility should you have to cancel and reschedule.

However, if March works for you, the benefit of keeping a March UY is being able to pool points together without having to transfer at the 7 month mark. Say you want to book a night for 30 points and your BCV contract has 20 points and your BWV contract has 10. At 7 months, you can pool the points and book the night. If you purchase different UYs, you have to transfer the points from one contract to the other. You can only transfer in or out once per UY.

Best of luck with your purchase!!!

 

[Caskbill]

If you purchase a different use year, it will be a whole new membership number. It will not be an 'add-on' contract.

Both contracts would have to be managed separately, for making reservations, banking, borrowing, and so on.

While you can do some transfers, there are limits. For example you cannot transfer banked points, or borrowed points. And, DVC does have the option to no longer allow transfers in the future.

Unless there's a really overriding reason, you're much better off keeping the same use year, and having your resale contract purchase made as an 'add-on' to your current contract instead of being a new master contract.

Another thing to watch out for with resale contracts is often the sellers think they should be 'reimbursed' for maintenance fees paid. MF do not apply to the use year but to the calendar year. When you buy from Disney directly they pro-rate the fees based on how many months are left in the calendar year. We often see people buying resales who pay maintenance fees to the seller that they really shouldn't.

Example, someone sells a December UY which has no 2007 points left and all the 2008 points left. They ask the buyer to reimburse the 2008 maintenance fees they paid, making the statement that the buyer will "get the 2008 points". This is totally incorrect. In this case the buyer would be justified in paying 1/12th of the calendar year 2008 MF's, not the full year.

If one wants to equate maintenance fees to points, it's necessary to pro-rate the fees by month for the calendar year involved. For calendar year 2008, with a December Use Year, 11-months apply to 2007 UY points, and 1 month applies to 2008 UY points.

 

[katied]

Thanks so much. Based on this, I clearly want the same UY. Otherwise, it seems like I can get in trouble.

I'll call and go on the wait list with Disney and also watch what comes up resale.

Thanks again for all the help.