Add-on ??

[TEK224]

I need some advice.

I have a trip planned for Jan. 08 My UY is March and I've already borrowed most of my 08 points for the Jan. trip. (Those 2BR sure are nice! )
My home resort is SSR. I financed my initial purchase through Disney, which I'm still paying on.

The Jan trip is on marathon weekend. I have friends coming dwn to support my efforts. I'm using my points, but friends are chipping in to cover the cash weekend nights. The total cost for the two weekend nights is $1200.

I was holding out to save up for the CRV (keeping fingers crossed). But now I'm thinking with the double developer points, maybe I should do the 100 point add-on and then use the money my friends are kicking in to help pay for those points.

Unless something drastic happens, they won't back out of the trip. They came last year and we had a great time that more are coming this year. The developer points would let me get an extra unit or possibly a GV (if available).

Does Disney let you add-on and finance, if you're still paying on the original contract? Also, will they combine payments into one or will it be electronically transferred separately?

Decisions, Decisions!

 

[ksalase]

Yes, Disney does let you add-on and finance and in fact, I did just that thing this past Wednesday. In May 2007, my wife and I financed a purchase into SSR for 160 points. The interest rate was about 14%. This past Wednesday, I added on 50 points at SSR which I also financed. But, since I was already a member, I got financing for only 10%. Which was great.

In addition to this, if I were to only add 25 points to my contract, which is the minimum amount you can add-on by cash, the going price for them at SSR is $104.00 per point. If I were to add 50 points or more, I could pay cash or finance it and the price jumps down to $94.00. This is what I was quoted by my guide, Thomas Costanzo, 3 days ago. I was told that SSR is about to be done with all its selling so you better act soon or get it on resale.

As far as your payments go, since you will have two separate contracts, you will have two separate payments to deal with. Thomas advised that I pay down my higher percentage rate contract so I can just chill with the lower percentage rate contract. What I will mostly likely do for myself is to transfer my higher percentage rate contract to my credit cards, which will have a significantly lower rate than both of my DVC contracts.

Now, your points will be combined into one big account which means that your total number of points you get to play with is combined. For instance, we have 210 points at SSR which means at the 50% banking mark, I can bank a total of 105 points versus the 80 points when I was still at 160, which makes sense in the overall scheme of things.

Hopefully, this answers some of your questions. I just did the same thing for my family and friends. I am planning to do a GV at SSR in the beginning of June 2008. Have a good trip!

 

[TEK224]

Thanks!

 

[CarolMN]

Have you called MS to get some idea of availability for your January dates? Marathon weekend and the days prior to it tend to fill - if you can't use points for the time you have in mind, would you still proceed with the add on? Just something to consider.

 

[TEK224]

Carol -

I have talked to MS. In fact yesterday I tried to change my SSR 2 BR for either BCV or BWV. There was a BCV 2BR available at the start, but when trying to change my res. one of the nights came unavailable. I ended up going back to SSR, where the rep said they had plenty of rooms available there and at OKW.

I just wanted something closer to Epcot for marathon weekend.