Help me figure out this SSR add-on deal...

[SleepyatDVC]

Don't really NEED more points. DH doesn't even have enough vacation days to use all we have! But as my siggie suggests, it's really hard for me to pass up a great deal! Lol!

So, help me figure out this 120 point add-on deal.

Right now I have 150 BWV and 150 OKW, both Dec UYs. No mortgage on either. Monthly debit from checking for the dues only = $103.42.

So,...

If we add on 120 SSR points, assuming we wouldn't want to "sell" any points back to DVD, we would get:

120 SSR Dec 2004 points - would we get this???
120 SSR Dec 2005 points
100 Developer points from BWV

for $90/pp times 120 points = $10800

I heard that there would be NO 2005 maintenance due on the 120 SSR add on points? Is there a difference in the maintenance waived if I have a December UY? Or is it pro-rated? How much is the actual "savings" on maintenance based on 120 SSR points? I assume if I get the full $4+ per point for the whole year, this would lower the purchase price to $86 per point?

Will I need to pay maintenance on the 12/04 points I will be getting?

If I get the 12/04 points, I can bank them all into 12/05 if I do it by 5/30, right? The 100 Developer points would also be for 12/04? And could also be banked?

How much would be monthly maintenance go up by if I use current SSR maintenance amounts? When would the increase start? Jan 2006? Or Jan 2007? Or some other date?

If I purchase the add-on now, aside from the developer points, when can I actually use the SSR points to schedule a stay? Sorry I haven't been paying attention to this subject.

We would normally pay cash for an add on. But I want to know more about financing so that I know all my options. I read 9.75% for 20% down, no pre-payment penalties? Anyone know how much the monthly payments would be on a 10 year loan? And when actual payments and interest would start?

Anything else I should know?

 

[tjkraz]

In no particular order...

Your math appears to be correct based upon what has been posted here.

There are no dues on any of the points for 2005, regardless of your Use Year. Beginning in '06, you would be responsible for dues on your current holdings plus the new 120.

You mentioned something about not paying the dues being a "savings". I guess that depends on your POV. You still pay $90 out of pocket--you just don't have that additional $4 per point expense for '05. IMO, you're better off looking at it as $94 discounted to $90 rather than $90 discounted to $86.

The points should be available immediately.

All of the points can be banked, subject to the normal deadlines (including the Developer's Points.)

Maintenance at SSR is currently $3.83 per point. That means you would pay about $38 per month at current rates ($3.83 x 120 / 12 = $38.30). The dues increase from '04 to '05 was less than 1%, so best guess is you'd still be under $4 per point for 2006.

No pre-payment penalties. Your monthly payments would run about $115-120 on the points alone. Add-in the additional $40 per month beginning in '06 for the dues.

I've been told the payments normally begin a couple months after you sign the paperwork. Figure on June or July depending on how quickly you start moving on it.

 

[CarolMN]

Don't really NEED more points. DH doesn't even have enough vacation days to use all we have! But as my siggie suggests, it's really hard for me to pass up a great deal! Lol!....(snip)....

My opinion - which you didn't ask for - so feel free to ignore it, LOL!

It's not a great deal if you won't be able to use it. It's akin to buying a new car (becasue of an incentive) that you won't ever drive. You will not be able to sell it and make money, although I suppose you could rent it out.

Best wishes - from someone who has to constantly remind herself that more points are not needed when vacation days are limited!

 

[JimMIA]

100 Developer points from BWV

As I understand the incentive, these bonus points are NOT "developer points," which come with all sorts of limitations and restrictions. I believe the bonus points are just regular points which can be used the same as any other points. They are automatically assigned to your original contract, but I think that is the only restriction.

 

[mrsminniemouse]

I believe that the bonus points go in your 2005 use year. This is what my guide told me.

Mandy

 

[SleepyatDVC]

In no particular order...

Your math appears to be correct based upon what has been posted here.

There are no dues on any of the points for 2005, regardless of your Use Year. Beginning in '06, you would be responsible for dues on your current holdings plus the new 120.

You mentioned something about not paying the dues being a "savings". I guess that depends on your POV. You still pay $90 out of pocket--you just don't have that additional $4 per point expense for '05. IMO, you're better off looking at it as $94 discounted to $90 rather than $90 discounted to $86.

The points should be available immediately.

All of the points can be banked, subject to the normal deadlines (including the Developer's Points.)

Maintenance at SSR is currently $3.83 per point. That means you would pay about $38 per month at current rates ($3.83 x 120 / 12 = $38.30). The dues increase from '04 to '05 was less than 1%, so best guess is you'd still be under $4 per point for 2006.

No pre-payment penalties. Your monthly payments would run about $115-120 on the points alone. Add-in the additional $40 per month beginning in '06 for the dues.

I've been told the payments normally begin a couple months after you sign the paperwork. Figure on June or July depending on how quickly you start moving on it.

Thanks tjkraz for the response!

Forget the "savings" comment - I was half asleep when I wrote that.
I know that DVD usually pro-rates the maintenance based on your use year. So basically, in my case, only the maintenance for the month of 12/05 would be "waived" and I would pay annual maintenance starting 1/06 just like everyone else. And no maintenance due on the Dec 2004 points, I guess.

Thanks for the monthly maintenance breakdown. That's helps to know how much additional expenses we would need to carry each month.

So, if I finance the add on and payments start maybe 2 or 3 months later, technically, I may be able to pay it all off before the payments are even due? Or maybe 1 or 2 months in. Kind of buying a little time instead of paying the whole amount all at once.

Hey, didn't I read a while back about purchasing with a rewards credit card? I assume DVD will let me put the down payment on the card. How about the rest of the purchase price? Anyone know? Have to check my rewards card credit limit, lol! If I can put the whole amount on the card and DVD charges it over 2 or more months, that would be perfect. I could then pay it off in full each month and get rewards too.

That's it for now.

 

[DVCME]

Yes, you can put the entire purchase amount on a credit card. You can talk to your guide about spliting the total into two charges over two billing periods for your credit card.

 

[SleepyatDVC]

My opinion - which you didn't ask for - so feel free to ignore it, LOL!

It's not a great deal if you won't be able to use it. It's akin to buying a new car (becasue of an incentive) that you won't ever drive. You will not be able to sell it and make money, although I suppose you could rent it out.

Best wishes - from someone who has to constantly remind herself that more points are not needed when vacation days are limited!

Thanks for your opinion Carol! It's always appreciated.

Your advice is VERY true. We don't really NEED any of the luxuries that we buy. But that doesn't mean we aren't tempted! Lol!

I never thought I would add on any more points, unless it was maybe 50 points at BWV. But when I casually mentioned the offer to DH after receiving the e-mail, he seemed really interested even after I said we probably don't need anymore points. He asked me to find out more - what?!!!

Just last week, he asked me if I wanted him to take me to Europe or someplace else for our 10th wedding anniversary next year! He said that I could start planning something if I wanted. Of course, I have a feeling that if we do the add on, that trip next year would be nixed and the add on would be my anniversary gift instead!

Why is he being so nice? Something going on? He must be having an affair! jk! I totally trust him - not to mention that he sticks to me like glue. It also helps that the only woman at his company is a senior and the boss's wife and that my uncle also works there! Lol!

He is a real sweetie! Our first 2 contracts were his presents for carrying and delivering our 2 girls.

As for using all those points, we would never rent them out. Although, it's certainly tempting because I cringe at the points necessary for a Disney cruise as opposed to the cash price. It's true that DH has limited vacation days. However, since the girls will both be in school now, we will probably be making trips over the high points school holiday period that we have avoided like the plague. You know how many points that would eat up!

I thought I would have no problems pulling them out of school like when DD6 was in preschool but I find that I'm just not comfortable with it now that she is in kindengarten at elementary school. They cover a lot of material during class. She has homework already and there's already plenty to make up when she's just home sick.

You're right that more points aren't needed. Bottom line is that I wouldn't even be thinking of it except for in passing if DH didn't "encourage" it. What to do - should I be the "voice of reason" or let DH be generous and "pamper me?" Lol! If only everyone had such "problems!" I know that I'm a lucky gal!

 

[tjhsr]

If you get 04 pts they have to be used in 05 yr if you get 05 pts you can bank them to 06 only or you will lose them.I think.

 

[SleepyatDVC]

Yes, you can put the entire purchase amount on a credit card. You can talk to your guide about spliting the total into two charges over two billing periods for your credit card.

Thanks for letting me know. I'll let DH know and let him decide if we want to pursue this further by calling our guide.

Anyone know how long this promo will last? We'll be down at WDW at the end of April.

 

[CarolMN]

Thanks for your opinion Carol! It's always appreciated.

Your advice is VERY true. We don't really NEED any of the luxuries that we buy. But that doesn't mean we aren't tempted! Lol!

I never thought I would add on any more points, unless it was maybe 50 points at BWV. But when I casually mentioned the offer to DH after receiving the e-mail, he seemed really interested even after I said we probably don't need anymore points. He asked me to find out more - what?!!!

Just last week, he asked me if I wanted him to take me to Europe or someplace else for our 10th wedding anniversary next year! He said that I could start planning something if I wanted. Of course, I have a feeling that if we do the add on, that trip next year would be nixed and the add on would be my anniversary gift instead!

Why is he being so nice? Something going on? He must be having an affair! jk! I totally trust him - not to mention that he sticks to me like glue. It also helps that the only woman at his company is a senior and the boss's wife and that my uncle also works there! Lol!

He is a real sweetie! Our first 2 contracts were his presents for carrying and delivering our 2 girls.

As for using all those points, we would never rent them out. Although, it's certainly tempting because I cringe at the points necessary for a Disney cruise as opposed to the cash price. It's true that DH has limited vacation days. However, since the girls will both be in school now, we will probably be making trips over the high points school holiday period that we have avoided like the plague. You know how many points that would eat up!

I thought I would have no problems pulling them out of school like when DD6 was in preschool but I find that I'm just not comfortable with it now that she is in kindengarten at elementary school. They cover a lot of material during class. She has homework already and there's already plenty to make up when she's just home sick.

You're right that more points aren't needed. Bottom line is that I wouldn't even be thinking of it except for in passing if DH didn't "encourage" it. What to do - should I be the "voice of reason" or let DH be generous and "pamper me?" Lol! If only everyone had such "problems!" I know that I'm a lucky gal!

Sounds to me like you have already thought this through and even though you don't NEED more points, you can certainly afford them! Bet you could find ways to use them, too. Since your DH is all for it, I say "go for it" - as soon as you have completed all your "research" of course, LOL!

Now about that anniversary trip - no need to forego it, IMHO! You do know that the World Passport Collection has several European options, right? Now ordinarily, I wouldn't recommend using DVC points to trade, but were I in your situation, I'd be oh so tempted! After all, you would get an infusion of one time points that would have to be used up somehow! Plus, it's bad form to pass up an anniversary trip suggested by your DH - If I didn't have a great guy of my own, I'd be jealous!!

Good luck with whatever you decide to do!

 

[SleepyatDVC]

Thanks everyone for the info.

Did all my research, calculated what trips we could do with your points if we added on, and then calculated what we could do with our existing points.

I was actually surprised at how much we could squeeze out of our existing 300 points - even the short DCruise was possible. If we added on, the extra points would ensure weekend stays, the ability not to have to move around, and the ocassional during school holidays.

Because we had "enough" points if we used them carefully and never during major holidays such as Christmas and Easter, I was ready to forget about the add-on. I just couldn't justify the purchase.

DH discussed all the research with me. His most important question was would any of the points NOT get used and wasted? Well, of course not!!! He told me we would pay $$$$ for a big anniversary trip anyways, for some more $$, he thought the add-on was a good idea. I reminded him of the recurring annual maintenance fees. He replied that we could afford an extra $40+ a month.

He said he was already prepared to spend lots of $$$ on an anniversary trip to make me happy and that would be memorable. And that by putting the money we would have spent for a big trip into the add on, we would have the benefit extra points every year - not only would it make me happy, I would never forget it 'cause I would have it year after year!

OMG!!! What can I say? Do I have the best DH ever or what?!!! My DH is not the type to get me flowers. I don't think I got any after we got married - too expensive and they die - lol! Instead he gets me the expensive stuff that lasts!

The best part is he wouldn't have to give me anything really because he shows he cares a million different ways by the things he does! I am a lucky girl!!!

So,... I called my guide this afternoon and added 120 SSR points.

These are the details my guide told me:

$95 x 120 points = $11,400
$5 incentive x 120 points = $600 towards down pmt
20% down = $2280 - $600 incentive = $1680 on credit card
$9120 will be financed at 9.75% over 10 years ($119/mth) which we will probably call MS to pay off by cc before the interest even starts accruing.

We should be getting:

120 Dec UY 2004 points SSR
120 Dec UY 2005 points SSR
100 Dec UY 2004 points OKW

He told me the incentive points would be Dec UY 2005 yesterday but he changed it to Dec UY 2004 today. He told me they were bankable. I'll see when I get the documents in the mail.

I actually wanted the incentive points at BWV because we both a 150 BWV contract and a 150 OKW contract. My guide told me that the "computer" automatically allocates the points to my "original" contract whichever one was purchased FIRST which in my case was OKW by 2 months. I asked if it was possible to try to get them at BWV and he said he would "try" but it wasn't guaranteed. Apparently, it's not done by the sales department, MS (I think) would have to over-ride it, he could make the request but he has no control over it, yada-yada...

Whatever... we'll see. It's not the end of the world as OKW points. It's just that BWV points are more "valuable" for the 11 month window than OKW because of availability.

When will the points be in the system? I guess I'll call tomorrow and see what incentive points I got.

By the way, we will be using the extra 220 points (plus an extra 2 points) we get this year by adding the 3 day Disney Cruise to our October 2004 trip! Much better deal than the $3 off that Disney would give me for the Dec 2004 points!

 

[SleepyatDVC]

Carol,

We will see how many points are left after all our trips to be spent on our anniversary! Can't decide where to go though...

 

[dismem98]

I am still confused about this and I just got back from Disney and talked to my guide about it. I had pretty much decided to add on more points. What I was told is a little different.

If I take 04 UY than I have to pay the dues for 04 and 05. Can that be right?? Also, my UY is Sept so does that mean that they will only pay the dues from Sept thru Dec or for my full 05 use year?? I don't think they were very clear on that to me. I have the papers to get signed and I don't see anything on that.

Thanks for any info!!

 

[lllovell]

Sleepy - you are so lucky hun and so is your hubby because you APPRECIATE each other!

Congrats on your add on!


(goodness I hope this thing expires before our trip the first week in April or I am going to have a hard time not adding on. AAAAAAAAAAAAA!!! DVC is EVIL! )

 

[SleepyatDVC]

I am still confused about this and I just got back from Disney and talked to my guide about it. I had pretty much decided to add on more points. What I was told is a little different.

If I take 04 UY than I have to pay the dues for 04 and 05. Can that be right?? Also, my UY is Sept so does that mean that they will only pay the dues from Sept thru Dec or for my full 05 use year?? I don't think they were very clear on that to me. I have the papers to get signed and I don't see anything on that.

Thanks for any info!!

Half the guides don't know what is going on - Lol!! The promo is still new.

My guide told me no dues for 2004 points. 2005 points are usually pro-rated by how many months are left in the year regardless of UY? No dues of the rest of 2005 for the add on. Dues start in 2006.

But until I get my papers and read them, what my guide tells me is meaningless! I should be getting my paperwork sometime next week, so we'll see.

Good luck deciphering your documents!

 

[SleepyatDVC]

dismem98,

Did you add on with the same incentive deal? Did you add on at least 120 SSR points? Maybe this might make a difference?

 

[CarolMN]

I am still confused about this and I just got back from Disney and talked to my guide about it. I had pretty much decided to add on more points. What I was told is a little different.

If I take 04 UY than I have to pay the dues for 04 and 05. Can that be right?? Also, my UY is Sept so does that mean that they will only pay the dues from Sept thru Dec or for my full 05 use year?? I don't think they were very clear on that to me. I have the papers to get signed and I don't see anything on that.

Thanks for any info!!

Well, no, it doesn't sound right. Dues go by calendar year.

When you buy from Disney, you usually pay prorated dues on the add on points beginning from when you sign the paperwork and send in the deposit. (There are some twists to this for SSR if your building isn't ready for occupancy yet. But since you have the option to take 2004 points, your building must already be "in service").

Anyway, if you sign the paperwork on April 1, 2005 for example, for the 2005 year, you would pay 9/12 (75%) of the 2005 dues for the add on points. You have already paid 2005 dues (or are paying monthly) for the points you already own.

As fas as I know, Disney has never required anyone to pay dues for a previous year when buying additonal points. I think I would ask your guide to clarify - either there is something unique with this incentive, or he hasn't explained properly.

Best wishes-

 

[LIFERBABE]

I agree with Sleepy and Carol, my guide explained it the way Sleepy posted so I would contact your guide for clarification.

I am also adding on 150 points Sept UY and I will receive $5 off, 100 bonus points, no dues on the 2004, 2005 or 1 time issue of bonus points.
My dues start January 2006 just like every other contract. Dues are paid by calendar year not UY. My building is already available and I can use the points for immediate stays. Banking windows apply. 100 bonus points can be banked into 2006.

 

[dismem98]

Thanks for the info. I called my guide last night and left her a message. If there's no dues until 06 that's great. When I did my original contract back in 98 I owed dues for the Sept thru Dec that I paid in 99 when the invoices go out. I paid my contract in cash so I only pay the dues every year. So when they say no dues until 2006 does this mean that I won't pay until then or they pay them until 12/05. It seems like the wording can be tricky.

This is my first time adding on and I really do think the deal is good. I just want to make sure I get the same deal as everyone else. That's why I bought the 1st time when they didn't seem to have any deals. Now it seems like there is always some deal or some incentive. Almost as bad as buying a car. But I love a good deal!!