Can existing members new master contracts be split?

[HowGrumpy]

I'm an existing member and want to purchase 150 AKV pts on a new master (not as an add-on). Can that new master be split 50-50-50 or 75-75?

 

[Pennyguy23]

No it can't

 

[OKW Lover]

I guess I'm a bit confused. If you are an existing owner your add-on will not be a new master contract, it will be a sub-contract to your existing master contract.

 

[Chuck S]

I guess I'm a bit confused. If you are an existing owner your add-on will not be a new master contract, it will be a sub-contract to your existing master contract.

Unless the existing member wants a new Master Contract with a different use year than they currently own, or wants the new master contract to have different names on the contract. To do either, you need a new 150 point unsplit contract.

 

[RobDoc]

I guess I'm a bit confused. If you are an existing owner your add-on will not be a new master contract, it will be a sub-contract to your existing master contract.

If it's done as an add-on, by definition, it will have the same Use Year as the master contract and can be in increments as small as 25 points. In this case, the member had indicated that they want a new master contract with a different Use Year - so it will need to be a separate 150 point contract (which will also have a different membership number and different banking schedule).

 

[Dean]

Unless the existing member wants a new Master Contract with a different use year than they currently own, or wants the new master contract to have different names on the contract. To do either, you need a new 150 point unsplit contract.

There has been at least one person who was successful getting two 75 pt contracts (150 points total) as an "add on" with different names but same use year making it a stand alone. While I'm usually one of those that feel use year is important, I think the convenience of having them all together is likely more so in this situation.

 

[Cruelladeville]

I thought add-on contracts, by definition, had to have the same names as were on the master contract, if you purchased an add-on from Disney. If it had different names than the master contract, then it's not an add-on. But how could that happen thru Disney??

 

[edk35]

When we purchased in Jan. we wanted to split our contract into three smaller contracts for our kids down the road basically. We could not split it 3 ways unless we did at least 100 pts. a contract. Our guide even went to check on this for us. SO we went with 300. We were going to get a smaller amt. that would split evenly...like 270. That is okay.....cuz we love Disney and our friends regret not getting more when they signed up. SO it is all good.

 

[the who #3]

i have just purchased 200 pts at akv and split them 55-55-55-35. i have another home with 150 pts at bwv, and 275 pts split 250-25 at ssr. the ssr has another family members name on it and a different uy. my bwv was a resale. all in all i don't know what is considered and add-on and what is considered an out right purchase, except the first one which was ssr.
it does get a litte confusing.

don't make the mistake of buying two different uys that is what i did and we have to really plan in order to keep from losing those pts.

i think that if all points are under the same member # you can use the pts together if you want to, as long as it is at or under the 7 month window.
that would be a big plus

 

[BigBahamaDada]

All -

I'm a prospective DVC'er struggling to understand the resale implications, if any, between a master and an "add-on." Hoping those on this thread can help shed light on the topic. First, some background.

We've decided that 300 points is the right amount for our purposes. But, rather than purchase a single contract at one home resort, I'm thinking about doing three 100 point contracts at three different home resorts. Then using the bank/borrow/use philosophy, move all the points possible into the "middle" year of each contract for use in different calendar year, effectively rotating home resorts every three years and giving us 300 per year for use.

Lots of booking and use reasons for doing this, but my specific question concerns the impact of this stategy in the event I latter decide to sell.

As I understand it, the first contract I purchase (to be bought resale) would be considered my "Master contract" and would determine my use year. Assume I then buy two additional contracts from directly from Disney (e.g AKV and a future resort). Are those contracts "add-ons"? Or do they become part of the master contract? And, more to the point, if I go to resell does it matter?

I'd like to maintain the flexibility going into future years to sell of some, but not all, of my contracts. If all three are considered part of the same master contract, would I have to sell them off together? Or is the add-on / master distinction irrelevant here?

Again, what I want to avoid is, should I wish to downsize the number of points I'm holding at some point in the future, being forced to sell off all my points and purchasing a smaller contract.

And, assuming that I am able to sell off the contracts individually, is there a reason why I wouldn't want to purchase the contracts from Disney in the form of four 50 point contracts (split among two resorts) rather than two 100 point contracts?

 

[Chuck S]

All -

I'm a prospective DVC'er struggling to understand the resale implications, if any, between a master and an "add-on." Hoping those on this thread can help shed light on the topic. First, some background.

We've decided that 300 points is the right amount for our purposes. But, rather than purchase a single contract at one home resort, I'm thinking about doing three 100 point contracts at three different home resorts. Then using the bank/borrow/use philosophy, move all the points possible into the "middle" year of each contract for use in different calendar year, effectively rotating home resorts every three years and giving us 300 per year for use.

Lots of booking and use reasons for doing this, but my specific question concerns the impact of this stategy in the event I latter decide to sell.

As I understand it, the first contract I purchase (to be bought resale) would be considered my "Master contract" and would determine my use year. Assume I then buy two additional contracts from directly from Disney (e.g AKV and a future resort). Are those contracts "add-ons"? Or do they become part of the master contract? And, more to the point, if I go to resell does it matter?

I'd like to maintain the flexibility going into future years to sell of some, but not all, of my contracts. If all three are considered part of the same master contract, would I have to sell them off together? Or is the add-on / master distinction irrelevant here?

Again, what I want to avoid is, should I wish to downsize the number of points I'm holding at some point in the future, being forced to sell off all my points and purchasing a smaller contract.

And, assuming that I am able to sell off the contracts individually, is there a reason why I wouldn't want to purchase the contracts from Disney in the form of four 50 point contracts (split among two resorts) rather than two 100 point contracts?

Basically, your first contract, resale or through DVC, is your master contract. If you purchase additional contracts from Disney, with the same use year, they will be add-ons. Each can be sold off separately if need be.

Disney has had a policy that any contract smaller than the minimum current new buy-in had to have the same use year as your original contract. Apparently, the guides, or perhaps some guides, for whatever reason, are no longer following that use year rule.

 

[Dean]

I thought add-on contracts, by definition, had to have the same names as were on the master contract, if you purchased an add-on from Disney. If it had different names than the master contract, then it's not an add-on. But how could that happen thru Disney??

As a rule that's true. The above is the only exception I am aware of and it was 150 total points.

When we purchased in Jan. we wanted to split our contract into three smaller contracts for our kids down the road basically. We could not split it 3 ways unless we did at least 100 pts. a contract. Our guide even went to check on this for us. SO we went with 300. We were going to get a smaller amt. that would split evenly...like 270. That is okay.....cuz we love Disney and our friends regret not getting more when they signed up. SO it is all good.

I assume this was for a new purchase. They will require one to be 150. You could have done 150 plus two 75 or three 50's.

 

[edk35]

As a rule that's true. The above is the only exception I am aware of and it was 150 total points.

I assume this was for a new purchase. They will require one to be 150. You could have done 150 plus two 75 or three 50's.

We wanted three contracts split evenly for our kids one day. That is why we did it that way. To even them out.

 

[Dean]

All -

I'm a prospective DVC'er struggling to understand the resale implications, if any, between a master and an "add-on." Hoping those on this thread can help shed light on the topic. First, some background.

We've decided that 300 points is the right amount for our purposes. But, rather than purchase a single contract at one home resort, I'm thinking about doing three 100 point contracts at three different home resorts. Then using the bank/borrow/use philosophy, move all the points possible into the "middle" year of each contract for use in different calendar year, effectively rotating home resorts every three years and giving us 300 per year for use.

Lots of booking and use reasons for doing this, but my specific question concerns the impact of this stategy in the event I latter decide to sell.

As I understand it, the first contract I purchase (to be bought resale) would be considered my "Master contract" and would determine my use year. Assume I then buy two additional contracts from directly from Disney (e.g AKV and a future resort). Are those contracts "add-ons"? Or do they become part of the master contract? And, more to the point, if I go to resell does it matter?

I'd like to maintain the flexibility going into future years to sell of some, but not all, of my contracts. If all three are considered part of the same master contract, would I have to sell them off together? Or is the add-on / master distinction irrelevant here?

Again, what I want to avoid is, should I wish to downsize the number of points I'm holding at some point in the future, being forced to sell off all my points and purchasing a smaller contract.

And, assuming that I am able to sell off the contracts individually, is there a reason why I wouldn't want to purchase the contracts from Disney in the form of four 50 point contracts (split among two resorts) rather than two 100 point contracts?

You seem to have a fairly good grasp. You can only buy less than 150 pts as your initial purchase resale. Once you own, you can sell any contract you want in it's entirety no matter it's side or which is the master. You could buy OKW, do an add on of even 25 points then sell your OKW contract if you wanted. Given you're planning to buy resale anyway as your initial purchase, you may want to consider the overall situation you want to be in. While it's nice to have different home resorts and the flexibility of different contracts, it may not be worth the extra cost of doing so. You may be better off buying more points resale and foregoing AKV OR you may be better waiting and buying AKV as your primary purchase depending on your situation.

I don't care for the bank and borrow method at a home resort. More specifically, say you owned 100 points at each of two difficult to reserve resorts (ie BCV & VWL) and needed to make reservations next year and the one after for 300 points each. If you bank and borrow to the max so you could reserve all one at VWL next year and all at BCV the year after, you'd have a lot more banked and borrowed points sitting there if something happened such as you had to cancel. I'd rather bank if needed and then split the stay between the two resorts trying to reserve the preferred resort at the 7 month window rather than borrowing more to ensure the 11 month window. You'll have a lot more options and protections for your points.

There's no real downside I can see to having two 50's compared to a single 100 pt contract given the current situation. The only possible issue is if you sold them all to one person you could have two closings and associated costs. And so far that hasn't been an issue that I've seen ANYONE have on the sales end.

 

[Dean]

We wanted three contracts split evenly for our kids one day. That is why we did it that way. To even them out.

There's no reason you should have been limited to 100 point contracts, even to get the discounts or specials. It sounds like your guide gave the wrong information.

 

[HowGrumpy]

There's no reason you should have been limited to 100 point contracts, even to get the discounts or specials. It sounds like your guide gave the wrong information.

Now I'm confused! After reading all this I asked my guide & my guide told me I ABSOLUTELY had to buy 150 pts minimum for a new master. I'd rather break the new master into a 75 pt master & a 75 pt add-on (I guess that's how it would work). Can someone help clarify this?
BTW, thanks to everyone for your help & tips on this!!!

 

[HowGrumpy]

As I understand it, the first contract I purchase (to be bought resale) would be considered my "Master contract" and would determine my use year. Assume I then buy two additional contracts from directly from Disney (e.g AKV and a future resort). Are those contracts "add-ons"? Or do they become part of the master contract? And, more to the point, if I go to resell does it matter?

What does my accountant always say? …"That DEPENDS…"

I think the master v. add-on really depends on the amount of points (although that's what I'm trying to get straight with this thread) in a given contract & how you tell your DVC guide to structure your contracts. I've heard of members who owned several master contracts, each with one or more add-on contracts. I'm just trying to get the skinny on my options, since I've decided that a second master with a different UY is best for me.

 

[Dean]

Now I'm confused! After reading all this I asked my guide & my guide told me I ABSOLUTELY had to buy 150 pts minimum for a new master. I'd rather break the new master into a 75 pt master & a 75 pt add-on (I guess that's how it would work). Can someone help clarify this?
BTW, thanks to everyone for your help & tips on this!!!

As I said above, I know of it happening once but for someone who was already a member. Frankly, the answer you got would have been the one I expected.