Can you mix this??

[CindiR]

If you have a Feb use year in BWV, and buy another Feb use year in OKW, would those be put together in the same account? Or would they still set them up at completely seperate, since they are at two different resorts?

I am trying to decide if it is worth the wait to buy the same use year versus grab a pretty good deal for a different use year.

 

[tjkraz]

If you're talking about buying another contract via resale, they would always exist as separate entities. You could use the number of points that you own at OKW to book OKW at 11 months, and the same for BWV. You could also transfer points from one contract to another, and combine them for a single reservation. But, given the different Home resorts, you couldn't book at BWV with the OKW points until 7 months out.

If you like both resorts and plan to use them for alternating trips, one option would be to use banking and borrowing to alternate between your two contracts. If you typically vacation once per year, you could stay at OKW in 2006 using the 2006 points and borrowing from 2007. You would then bank the 2006 points from your BWV contract into the next year. When 2007 rolls around, you reserve BWV using your banked '06 points and the current year '07 points.

Hope that helps.

 

[Dean]

While technically they would be separate accounts, they would ALMOST always be combined into one account. And assuming they are combined, they would act the same whether add on through DVC or resale. DVC plans to combine them but if they don't know to do so, they won't go back and fix it. The advantages of having them under the same mast contract come in two instances. One for combining points for a single night (after 7 months if not the same home resort) and in the fact that the banking totals are combined. So if you had 150 pts in each contract and used all in one contract, you could still bank ALL the other 150 from the other contract until the 50% banking window had passed.

 

[greenban]

While technically they would be separate accounts, they would ALMOST always be combined into one account. And assuming they are combined, they would act the same whether add on through DVC or resale. DVC plans to combine them but if they don't know to do so, they won't go back and fix it. The advantages of having them under the same mast contract come in two instances. One for combining points for a single night (after 7 months if not the same home resort) and in the fact that the banking totals are combined. So if you had 150 pts in each contract and used all in one contract, you could still bank ALL the other 150 from the other contract until the 50% banking window had passed.

As always, Dean is spot on!

My first two DVC purchases were resale. (Via Jason at TTS, highly recommended!) I got a December OKW and a September BWV. Because of the DIFFERENT UYs, these are both seperate Master Contracts. Seperate ID #, ID cards, able to transfer to each other (yes I know only one way per year!)

My SSR(3), VWL and now BCV add ons are a mix of Sept & Dec. UY.

All my Dec. UY have been added on to my master Dec. Contract as .002, .003, etc. The same is true for my Sept. UY add-ons (All from Disney BTW). They are combined with respect to banking limits.

However, my guide says that if I buy another re-sale contract, even with a Sept. or Dec. UY, it would be a seperate Master contract, I did not ask about combining (hypothetical case for me), so I would go with Dean's take on the posibilities.


-Tony

 

[Dean]

As always, Dean is spot on!

My first two DVC purchases were resale. (Via Jason at TTS, highly recommended!) I got a December OKW and a September BWV. Because of the DIFFERENT UYs, these are both seperate Master Contracts. Seperate ID #, ID cards, able to transfer to each other (yes I know only one way per year!)

My SSR(3), VWL and now BCV add ons are a mix of Sept & Dec. UY.

All my Dec. UY have been added on to my master Dec. Contract as .002, .003, etc. The same is true for my Sept. UY add-ons (All from Disney BTW). They are combined with respect to banking limits.

However, my guide says that if I buy another re-sale contract, even with a Sept. or Dec. UY, it would be a seperate Master contract, I did not ask about combining (hypothetical case for me), so I would go with Dean's take on the posibilities.


-Tony

And there are advantages to having separate use years as well. Sounds like your guide was being less than honest or simply poorly misinformed.

 

[CindiR]

What would be the advantages of having different use years?

 

[Happy Birthday Cat]

What would be the advantages of having different use years?

One advantage is flexibility in planning. If you take two or more trips to WDW per year at very different times of the year, you can use your use years so that if you have to cancel you still have time to bank points. Lets say you have a September and December use year like Greenban. If you go in October, it would be best to use your Sepetmber contract points. Since it's at the beginning of the use year, if you cancelled late, you would still be able to bank all of your points. With the December use year, you may not be able to bank at all and would only have a month or so to use the points or lose them.

Another advantage of having separate use years/contracts is that it allows for a way to work around the transfer in OR out rule in a year. You could transfer out of one contract and into another. If you only have one contract and therefore one use year, you can either transfer out or in, but not both.

HBC

 

[mowog]

I've had limited experiences with guides but found them less than truthfull. For example we were told that resales were not available because DVC exercises ROFR on "all" DVC resale contracts.

We were told by Timeshare store doing our second resale that 2 contracts at same resort with same use year would be treated as 1 contract for point use. However the contracts had to be identical as far as registered name of owners. We wanted to add our adult children to the new resale for APs and ease of reservations since they're going to get it anyway.

Other contracts and differently registered ones would be treated as separate- so a bit more effort to keep track of.

 

[Dean]

I've had limited experiences with guides but found them less than truthfull. For example we were told that resales were not available because DVC exercises ROFR on "all" DVC resale contracts.

We were told by Timeshare store doing our second resale that 2 contracts at same resort with same use year would be treated as 1 contract for point use. However the contracts had to be identical as far as registered name of owners. We wanted to add our adult children to the new resale for APs and ease of reservations since they're going to get it anyway.

Other contracts and differently registered ones would be treated as separate- so a bit more effort to keep track of.

I'm usually one of the more pessimistic DIS members when it comes to the guides and overall I think they are pretty honest. But honest doesn't mean knowledgeable in all areas that you might want to be aware of. You were instructed correctly by TSS, you could have added the names to all contracts for a modest extra cost if you had wanted but you would have had to do so PRIOR to your second purchase to have them under one master contract.

DVC members are spoiled when it comes to timeshare sales. The minor infractions (intentional or not) would get them an A+ in the timeshare world where frank lying to make the sale is more the norm.

I think HBC about covered it on the advantages of separate contracts.

 

[tjkraz]

We wanted to add our adult children to the new resale for APs and ease of reservations since they're going to get it anyway.

I know this is off-topic, but just wanted to point out that if you do add your adult children to the deed, things will get pretty ugly in the event of death, divorce or bankruptcy. If they should divorce or file for bankruptcy, the DVC contract WILL be included as part of their assets and the courts could be left to determine the fate of all owners. In the event of a death, it could be considered part of their estate.

Making them associate members would grant the ability to make reservations, and obviously they would have no trouble using the points. The only area where associate members are excluded is the AP discount.

Consider carefully how prepared you are to deal with the consequences if the unthinkable should happen.

 

[mowog]

I know this is off-topic, but just wanted to point out that if you do add your adult children to the deed, things will get pretty ugly in the event of death, divorce or bankruptcy. If they should divorce or file for bankruptcy, the DVC contract WILL be included as part of their assets and the courts could be left to determine the fate of all owners. In the event of a death, it could be considered part of their estate.

Making them associate members would grant the ability to make reservations, and obviously they would have no trouble using the points. The only area where associate members are excluded is the AP discount.

Consider carefully how prepared you are to deal with the consequences if the unthinkable should happen.

We considered this and figure we're only putting at risk 1/8 of the contract (OK-maybe 1/4 if both kids had spouse problems) which we could easily buy out. My wife and I and our 2 adult children will be on the contract. So I'm guessing we each own 1/4 or it. If a marriage goes south then 1/2 of each kids share could be at risk. Everyone is sound money wise, and we all get along well. There are some family members I would never do this with so I can see where one has to be carefull.

 

[Disney Doll]

I believe they remain separate contracts. We have a September & an October Use Year at OKW, and they are treated as separate contracts. We must "spend" one contract before we go on to the other one. They do not mix them.

 

[Dean]

We considered this and figure we're only putting at risk 1/8 of the contract (OK-maybe 1/4 if both kids had spouse problems) which we could easily buy out. My wife and I and our 2 adult children will be on the contract. So I'm guessing we each own 1/4 or it. If a marriage goes south then 1/2 of each kids share could be at risk. Everyone is sound money wise, and we all get along well. There are some family members I would never do this with so I can see where one has to be carefull.

Not particularly true. The entire contract that person was on would be at risk just like they owned the entire thing by themselves.

I believe they remain separate contracts. We have a September & an October Use Year at OKW, and they are treated as separate contracts. We must "spend" one contract before we go on to the other one. They do not mix them.

True for different use year but not usually for the same use year as long as the ownership is exactly the same. Plus, they will mix them if you need that one night with points from both contracts. They handle this on a case by case basis but they can make it work.

 

[keishashadow]

If you have a Feb use year in BWV, and buy another Feb use year in OKW, would those be put together in the same account? Or would they still set them up at completely seperate, since they are at two different resorts?

I am trying to decide if it is worth the wait to buy the same use year versus grab a pretty good deal for a different use year.

We originally bought VWL via resale, then added on BWV (same UY) thru DVC (got 04 & 05 pts, yippee, with pro-rated dues for 05'). It was nice to have the points for usage the next business day - ROFR stinks. Good luck.

 

[crisi]

Not particularly true. The entire contract that person was on would be at risk just like they owned the entire thing by themselves.

Yep, if there is divorce or bankruptcy involved, it doesn't matter that they share the contract. A friend of mine had a rather ugly situation involving divorce and the trust his father had set up. And my BIL just got divorced - that was ugly and there was an impact to our finances because we had loan THEM money. My uncle went through a really bad one where the words "felony tax evasion" were uttered about what we'd thought for years was a lovely woman - all assets she was involved at were at risk. You may wish you could just buy them out, but the spouse (depending on the state and the judge) may not just "let" you do that - assets are divided up by agreement and by the court - and in my experience, assets and liabilities that are family are often used as leverage.

 

[CindiR]

Thanks everyone. That was excellent information.

Unfortunately, I didn't move fast enough, so right now it is a moot point.

I really do have a lot to learn. I hope Disney hurries up and sends me the membership information. Waiting is NOT my strong point.