Buying A Resale & Banking

[wonka27]

I was just curious about something. Let me throw out a for instance...

Say you would want to buy a resale with all the points available in the use year, however, by closing, there is only a month or two before the new year turns over. Under normal circumstances, banking...esp. all of the points would not be allowed. Will DVC allow special banking if you just bought in on a resale...

Just curious!

 

[disneynutz]

Great question. I don't have the answer but I would like to hear what it is.

 

[Cruelladeville]

I think this is one of those times when it makes a difference that you are buying resale rather than thru Disney. The only person working for you is...you. If you are willing to work hard, you might get a one-time exemption to bank points, but I wouldn't depend upon that happening. I would plan to just use those points before they ran out, or pick a different contract to buy.

 

[Granny]

I agree with Cruella...Disney only allows the new purchaser to ignore the banking deadlines when they are buying a contract directly from Disney. That makes sense of course, since Disney gets no financial gain when a resale is made.

Yes, you could beg and plead and maybe get the mysterious "once-in-a-lifetime exemption" that we've heard about. But do you really want to use that up before you even start using a contract?

I'd look for a different contract or negotiate the price on this one as if those points were already used. Yes, their is a chance you could rent them through a fire sale, but that's another headache I'd want to avoid with a new contract.

 

[wonka27]

Thanks. That is sort of what I figured.

Really the contracts I'm interested in don't have points until 2008, but I did see one at one time that had points left.

I'm more interested in UY anyway. I'm a teacher so there is a lot of summer travel in my cards. April-June UY gives me flexibility with any cancellations that could occur.

 

[Granny]

I'm more interested in UY anyway. I'm a teacher so there is a lot of summer travel in my cards. April-June UY gives me flexibility with any cancellations that could occur.

That's a good approach. I wouldn't rule out February or March either since they provide pretty good amount of time to bank or re-schedule if you cancel a summer trip. The more UY's you throw into the equation the better the chances of finding the contract that works best for you.

Good luck!