few questions about buying into dvc

[disney1193]

I have a few questions about buying into dvc. It says in the book that there are restrictions to banking points. I was wondering what that meant & how the process works. Also are there any other taxes or fees on top of the yearly maintence fee or on the actual time share price? Hope someone can help.

 

[RobDoc]

There are no additional fees besides your annual maintenance fee (that includes all property taxes and resort charges).

Banking does have deadlines to follow. You may bank up to 100% of your points during the first 6 months of your Use Year. From 6 months to three months, you may bank up to 50% of your points (this is the total that may be banked- if you have already banked 50% at 6 months- no more may be banked). With up to three months remaining in your Use Year, you may bank up to 25% of your total points. Banking is not allowed during the last two months of your Use Year.

If you have a June Use Year, you may bank up to 100% of your points by November 30.50% may be banked by the end of February and 25% may be banked up until March 31. No points may be banked during April or May.

If you have add-ons to your original contract that are part of the same contract, the banking deadlines/percentages include all points in that contract- including the points added.

Banked points MUST be used during the next Use Year and can not be baked again.

Enjoy!

 

[tjkraz]

Originally posted by WebmasterDoc
...points MUST be used during the next Use Year and can not be baked again.

Mmmmmmm....baked points!

 

[disney1193]

thanks so much for the great info. you were a great help.