Hi All - 1st post\response in the
DVC thread!
So we are in the process of adding on direct. We looked at it differently that made sense for our situation. We realize everyone puts different values on the importance of their points, and we believe their way defiantly makes sense for them for different reasons. We are only offering our reasoning for adding on direct.
So we looked at this way. We looked at some resale options at SSR simiply because its considered the most economical. Then we considered direct at CCV. We actually have it figured out that buying direct was cheaper all things considered. Here is our math and please point out if we are wrong.
Let say we add resale at SSR $90\pp. And assume there is 37years left of points factoring in points available this use year. That is a total of 3700 points. The total cost to add on those points are $9000.00.
Now lets consider CCV at current promotion of $167.20\pp (purchase 95 @$176 and receive 5 points free) for a total cost of $16,720. But now you have an additional 13 years of points. Total of 5000 points of the 50 years. There is an inherent value to that, whether you plan on using them or passing them along to heirs. we personally valued them at the current rental rate of $13.00. Thats kind of what their worth on the open market year to year. So over the lifetime of the contracts you have a difference of 1300 points....at $13.00 per point that comes to a total of $16,900.
So if we take the the resale SSV of $9000, less the direct CCV of $16,720, and factor in the 13 additional years at a value of $16,900, we have a calculated savings of $9180 over the life of the contract.
We apologize in advance if someone has already gone thru this exercise but this is the conclusion we arrived at. We could be missing something and I sure we are so please let us know what we missed. This is just our opinion only that works for our family. Also a bib big thumbs up for the TIW card. Pays for itself for our family of 6.