Momtomouselover
DIS Veteran
- Joined
- Jun 10, 2009
If you buy a contract direct right now then do you pay 2019, 2020, or 2021 maintenance fees to begin?
I just agreed to buy 100 points direct last Thursday. I am getting 100 points for 2019 and 100 points for 2020 but I was told I only need to pay the dues for when I close until the end of the year so July-Dec. It will be pro-rated so I will pay 6/12 of the dues for this year (a couple months after close) but will get 2 full years of points. I was told they don't always give you the points for the prior year or for the entire year
December, but at first I was speaking to my representative about a February use year.Which UY? Maybe that played into it.
As @Sandisw said, MFs are based on calendar year, not use year. When you buy direct, you pay a pro-rated amount of MFs based on when you close not on # of UY points you get. So if you purchased now and closed in August, you'd only pay only pay 5 months of MFs (Aug-Dec) even if you got 2019 AND 2020 points at closing.If you buy a contract direct right now then do you pay 2019, 2020, or 2021 maintenance fees to begin?
I was told they don't always give you the points for the prior year or for the entire year
He asked about 2019 fees. I'm pretty sure any resale contract would list and outstanding dues and would need to be paid at closing in order to keep or return the account into good standing.
Not entirely accurate. They always give the full allotment of points for the entire year.
They also give you the points for the UY you are currently in. You got 2019 points, meaning your UY is August or later - those UYs are still in the 2019 year. You always get the full allotment of points for the UY you are in.
What I was saying was I was told you don't always get the points for the entire year WITHOUT HAVING to pay for the maintenance fees for that year. By Dec 1st I will have 24 months of points but only pay less than 6 months of maint fees for my direct close. At least that's what my sales agent told me last week.
yes! One direct purchase benefit is if you are beyond your banking deadline on a new purchase they will still bank those new points for you.I believe you can have the DVC agent bank 2019 points for you as well? Hopefully someone can confirm.