AP's and Maintenace

[slk537]

Has anyone wished that we could have the cost of AP's added to their Maintenace fees, if the wished? So that one didn't have to shell out so much $$ at one time.
Just a thought
Steve

 

[CarolMN]

You can do that yourself without going through Disney/DVC - just figure out how much per month you need to save to buy the APs/PAPs and then set it aside each month. Lots of ways to do that:

Set up a special savings/checking account and direct depost into it each paycheck

Buy Disney Dollars every month

Stash extra cash in your mattress each month

Buy extra DVC points, rent them and use the cash for the APs/PAPs (might be more work than it's worth, LOL)

etc.

Best wishes -

 

[slk537]

I have my payments come right out of my check. If I don't see it I can't miss it :0)

 

[Pa@okw95]

I pay my maintenance fee once a year now. How would adding the cost of an AP help with anything. I don't understand your question unless somehow you are paying the fee over a period of months which does not make sense to me?? Also not everyone who beongs to DVC wants to go to the parks anymore.

 

[DebbieB]

Maintenance fees are calculated based on the cost of operating the resort. I don't think DVC would want to start adding other options to it, it would increase accounting costs. Open an account that takes a debit out of your main account each month, like ING (see budget board).

 

[pumpkinboy]

Originally posted by CarolMN
...Buy extra DVC points, rent them and use the cash for the APs/PAPs (might be more work than it's worth, LOL)...

Now that's an idea I like! And it might be feasible too. Think of it, we have a family of four, and for us, APs would cost roughly $1,500 this year (both kids under 10); so if we were to buy a 150 point contract say thru resale, financing using a home equity line (at less than 4%); if we rent them out all out it would throw off enough $ for APs for all of us for the first few years.

Or you could do the 130 point SSR add-on with the 2 APs as incentive, then the rental income would mostly cover your APs for a few years.

The advantage to this method would be that you could deduct the property tax portion of the maintenence fees and any allowable mortgage interest on the initial principal. Another advantage would be that you'd have more points to play with, possibly getting you into a GV at some point when you're feeling flush. The disadvantage is the high fixed costs of interest (if applicable) and maintenence every year; there is also the risk that rental prices do not keep up with AP prices, or that you have trouble renting the points some year. It could be a good forced savings method to save for APs tho.

 

[tjkraz]

Originally posted by pumpkinboy
The advantage to this method would be that you could deduct the property tax portion of the maintenence fees and any allowable mortgage interest on the initial principal.

Yeah, but don't forget to factor in income taxes on the profit realized by renting the points.

You've also got the additional maintenance generated by the 130-150 points purchased.

I agree with your other cons as well--renting seems to be a "buyer's market". While I wouldn't dismiss the ability of some people to get $12+ per point in their rentals, it's still troubling that the prevailing $10 price point hasn't budged in years.

 

[wdwstar]

slk537 i am going to be like this stalker now, i have you down for the 3rd vwl christmas tree for dec. 5-8 ( we have a very kind member that donated the tree and actually they are the first on the list, so no shipping the tree).
i have pm you, but if your interested please pm me with your last name to confirm .

thanks

oh, ya, just like everyone else said, just put a few bucks away each month (and then when you go to buy the AP they will probably have gone up $$$$$)