But then is this recognized as a second/additional contract ? I'm just trying to understand this. Thanks.If you add on with 150 points or more you can pick any use year you want even if it is differant from your current use year.
drusba said:For any add-on, Disney automatically puts it in your same use year except when buying 150 points or more you can request a different one. When put in your same use year, for purposes of banking or using points, the combined points are treated as if they are one contract. Example: If you have 200 and add 200, you now have 400 for banking purposes and if you decided to bank half, you would be banking 200 of the 400 total. If you get a new use year, then it will be considered separate from from your first contract and each will have its own set of points to use or bank. Note that in both of those situations the contract itself remains a separate contract that can be sold separately if you later decide to do so.
Any add on, even if it is only 25 points is considered a second/additional contract.MiaSRN62 said:But then is this recognized as a second/additional contract ? I'm just trying to understand this. Thanks.
Thank you.....hadn't realized this. We were thinking of doing a small add-on (25-50). I thought if you added on to your existing home resort/use year (in my case OKW/March), then it stayed as 1 contract. I thought only if you went with a different resort or a different use-year it became a second contract. Thanks for the head's up.Any add on, even if it is only 25 points is considered a second/additional contract.
It functions as one contract but is technically separate. It would only matter if selling or transferring ownership. It's better if it's the same use year but not that big of a deal if it's not.MiaSRN62 said:Thank you.....hadn't realized this. We were thinking of doing a small add-on (25-50). I thought if you added on to your existing home resort/use year (in my case OKW/March), then it stayed as 1 contract. I thought only if you went with a different resort or a different use-year it became a second contract. Thanks for the head's up.
Anytime you buy additional points, it is a second contract, no matter how many points it is. That is to your advantage if you want to sell some points. You can sell each contract individually. I.E., if you have 200 points that were all bought at the same time, you can only sell them as one 200 point contract. If you have 200 points, made up of a 150 point contract and two 25 point contracts, you could sell each of them individually.MiaSRN62 said:Thank you.....hadn't realized this. We were thinking of doing a small add-on (25-50). I thought if you added on to your existing home resort/use year (in my case OKW/March), then it stayed as 1 contract. I thought only if you went with a different resort or a different use-year it became a second contract. Thanks for the head's up.
They can be at different resorts and that's a great way to have access to multiple resorts at the 11 month window. You may hear people tell you that you can only add 25 points at your home resort but 50 at another resort. This is not true, it may have been for a short time but not now. Just remember it's ONLY the points you own at THAT resort that you get to use in the 7-11 month window, not all your points from other resorts.SyrCinderella said:If you do an add-on, can it be at a different resort, or just your home resort? (Thinking ahead, if they do build on the monorail someday...)