Just lost a Bidding war!!!!

[luckyman_apd]

Wow,

I saw late last night a 100 point BLT with the full 2011 points banked with my ideal use year. The price went up to $6 more per point than my original bid and that's when I decided to back out. I'm thinking more will come along. The bank points made it attractive, but in the end, the added money to the sale would have upped the price per point over the long haul to an amount more than if I just purchased one of the listings with 2012 points stripped out. I did not expect that at all. I guess I need to keep a closer eye on the listings and move faster when I see one that meets our needs!

 

[luckyman_apd]

I am now looking at other resales hoping another one comes along like that one, I have a question about UY. I thought I understood it all, but just want clarification. I'm looking for a June UY, but lets say a much better deal for a Dec UY came along. Just to be clear, 2012 points don't begin until Dec 1 right? So really 2012 points are valid mostly for 2013 correct? What then happens in 2059? Does that mean I have until Nov 2060 to use those points, or is everything gone in January 2060?

I understand that I get the points on Dec 1, but if there are 2011 points on the contract, then that means those points just became available correct? How does this work for dues as well? Do the dues increase affect everyone Jan 1, or do they kick in when your UY points come online? That sounds unlikely, and I'm assuming everyone pays the same rate at the same time.

If my questions above are correct, it seems as though I should just consider points that come Dec 2012 really as 2013 points.

 

[taaren]

Sorry you lost the contract. Hopefully with GFV, DVD won't be ROFR any BLT points so prices will drop ...

You understand the Dec UY correctly. Dues are paid for 2012 in January for everybody at the same price, same time whether you get your points in February or December. Sounds like you already own some June points?

As to what is going to happen in 2059, there was a thread about it on here somewhere, and the answer is: nobody knows. Could be one of several things. I'll see if I can find the thread ...
Here it is!

 

[Sandisw]

Just remember, two different UY's mean two different memberships. You can not easily combine points for a single night without transferring between the contracts. You would need to book whole nights from each without the transfer.


You are correct in that most of the travel during a Dec UY falls in the following calendar year, but to clarify things, 2012 UY points will always be 2012 UY points, unless they are banked into 2013 UY or borrowed into the 2011 UYand can only be used during the 2011 UY.


The easiest way to remember and know what can be used when is to figure out which UY your trip will fall (not the calendar year) and go from there since all trips can be booked with banked points from the UY prior to travel, points from the UY of travel, and with borrowed points from the UY after travel. For example, an April 2013 trip will take place in the 2013 UY for those with Feb, Mar and April UY's but will take place in the 2012 UY for those with June, Aug, Sept, Oct, and Dec.

Now, dues are based on calendar year and have nothing to to with the UY one owns. Everyone is billed in January, based on the resort and # of points you own.

Good luck!

In terms of the

 

[Breyean]

I have a question based on two of the PP's comments about the dues being billed each January.

While that's true, they are BILLED at the beginning of the calendar year, you don't have to PAY them at that time, right?

We've been members since 1993 and we pay monthly by having the dues sucked out of our checking account. This spreads out the pain and prevents Disney from getting all that $$ up front.

You can't use a credit card using the monthly method, but don't people take advantage of spreading out the payments?

 

[luckyman_apd]

Just remember, two different UY's mean two different memberships. You can not easily combine points for a single night without transferring between the contracts. You would need to book whole nights from each without the transfer.


You are correct in that most of the travel during a Dec UY falls in the following calendar year, but to clarify things, 2012 UY points will always be 2012 UY points, unless they are banked into 2013 UY or borrowed into the 2011 UYand can only be used during the 2011 UY.


The easiest way to remember and know what can be used when is to figure out which UY your trip will fall (not the calendar year) and go from there since all trips can be booked with banked points from the UY prior to travel, points from the UY of travel, and with borrowed points from the UY after travel. For example, an April 2013 trip will take place in the 2013 UY for those with Feb, Mar and April UY's but will take place in the 2012 UY for those with June, Aug, Sept, Oct, and Dec.

Now, dues are based on calendar year and have nothing to to with the UY one owns. Everyone is billed in January, based on the resort and # of points you own.

Good luck!

In terms of the

Just to clarify, I am NOT currently an owner. This would be my first contract. It was BLT listed at $95 per point. It was a June UY with all 100 2011 points banked. I called to put in an offer, but a $95 offer had been submitted already. Since the seller had not responded to the offer yet, it was the agents job to get the best price, so the other party upped their bid to $100. At that point I would have needed to go $101, and I just felt it might go higher if I did, so I let it go. The other buyer was motivated by the UY. They needed June to match their other contracts.
The Agent informed me of another contract for a lower price at BLT for slightly more points. Not sure if I want more than 100 points and the other problem was a Dec UY. It does have 2011 points, but that also means they just came online. So it's not much different than buying a Feb with 2012 points. I was pretty sure that was the case, so now I am sure. We only will be able to vacation during summer months or for five nights in Nov. I've planned it out to go one November, skip the next year, go Summer the following year and then November the year after Summer. This cycle keeps us Studio in Nov., 1BR in Summer. When the kids get older, or if decide to slow down our travel, we could start using 3 years points and go for a longer stay in a year with bank and borrow, but the possibilities are there for us.

Thanks for the answers on the Dec UY. The real question is that Dec 2059 year. Not a big deal to worry about now, but it's a factor in figuring out value per point to purchase.

 

[LisaS]

If you plan to vacation regularly in November, a Dec UY would be the worst possible UY for you. If you ever had to cancel or shorten a trip after your banking deadline had passed, you would have only until Nov 30th to use the points or lose them.

 

[Sandisw]

Just to clarify, I am NOT currently an owner. This would be my first contract. It was BLT listed at $95 per point. It was a June UY with all 100 2011 points banked. I called to put in an offer, but a $95 offer had been submitted already. Since the seller had not responded to the offer yet, it was the agents job to get the best price, so the other party upped their bid to $100. At that point I would have needed to go $101, and I just felt it might go higher if I did, so I let it go. The other buyer was motivated by the UY. They needed June to match their other contracts.
The Agent informed me of another contract for a lower price at BLT for slightly more points. Not sure if I want more than 100 points and the other problem was a Dec UY. It does have 2011 points, but that also means they just came online. So it's not much different than buying a Feb with 2012 points. I was pretty sure that was the case, so now I am sure. We only will be able to vacation during summer months or for five nights in Nov. I've planned it out to go one November, skip the next year, go Summer the following year and then November the year after Summer. This cycle keeps us Studio in Nov., 1BR in Summer. When the kids get older, or if decide to slow down our travel, we could start using 3 years points and go for a longer stay in a year with bank and borrow, but the possibilities are there for us.

Thanks for the answers on the Dec UY. The real question is that Dec 2059 year. Not a big deal to worry about now, but it's a factor in figuring out value per point to purchase.

Thanks for clarifying--I thought you already had June and were adding on to that.

If your plans include summer and November travel, then IMO, you don't want a Dec UY but rather something like April or June.

To maximize flexibility, you want to get a UY that starts just prior to your travel times so that you have options if you have to cancel or need to change a trip, especially if you know in advance there are certain times you will most likely travel.

For example, if you book a November trip and then have to cancel after your banking deadline of July 31st, all those points would still need to be used by Dec 1st.

However, if you have say a June UY, and cancel that trip more than 31 days out, you would still be in your banking window to bank points, or would have until May 31st of the following year to rebook the trip without loss of points.

You can always book your trip 11 months in advance at your home resort, and 7 months at the others, regardless of UY. Your points are actually in your account from day 1--but, what happens when your UY begins is they go from being "the next UY's points" to the "current UY's points".

Keep looking and the right contract will certainly come along!!!

 

[luckyman_apd]

Thanks for the help. I kinda figured December was bad for us. This one that got away was June. But I have to keep my head and overspend either. I liked the company too and they will let me know when more June 100 point listings come along

 

[luckyman_apd]

Thanks for the help. I kinda figured December was bad for us. This one that got away was June. But I have to keep my head and overspend either. I liked the company too and they will let me know when more June 100 point listings come along

 

[lilpooh108]

I wouldn't buy a stripped contract w/o 2012 pts. Essentially, you're paying money upfront for something you can't use until 2013 (unless you borrow your points forward). Prices generally drop on resale contracts as time go on so you should try to be patient until the right UY comes along. Good luck!

 

[Judique]

Just to clarify, I am NOT currently an owner ....snip snip snip...............
Thanks for the answers on the Dec UY. The real question is that Dec 2059 year. Not a big deal to worry about now, but it's a factor in figuring out value per point to purchase.

Since there are 47 years between now and 2059, you might want to consider some other scenarios.

First, note how many contracts are on the resale market.
Priorities change.
Kids grow up.
People move. Get married. Get divorced. On and on.

When I purchased, I priced it out at 20 years of ownership. As in, if I get 20 years out of this, and at the end it's worth nothing, will I have gotten enough use and or joy out of it?

The answer for me was yes! I'm 12 years in with 8 to go on my 20. My DVC's will expire in 2042 - free to me as far as purchase goes. Too bad I can't rationalize away the dues!!!!

As for the last year, borrowing the points would be your option, along woth everyone else....maybe.

I'll be so old I could care less!!!!

Disney may also do extensions before the time comes - an option for them.

 

[Caren90]

Since there are 47 years between now and 2059, you might want to consider some other scenarios.

First, note how many contracts are on the resale market.
Priorities change.
Kids grow up.
People move. Get married. Get divorced. On and on.

When I purchased, I priced it out at 20 years of ownership. As in, if I get 20 years out of this, and at the end it's worth nothing, will I have gotten enough use and or joy out of it?

The answer for me was yes! I'm 12 years in with 8 to go on my 20. My DVC's will expire in 2042 - free to me as far as purchase goes. Too bad I can't rationalize away the dues!!!
As for the last year, borrowing the points would be your option, along woth everyone else....maybe.

I'll be so old I could care less!!!!

Disney may also do extensions before the time comes - an option for them.

Judique, I agree with this rationale. I think one should purchase thinking only 10-15 years in advance. If you crunch the numbers and it has value for you over that time period then it might be a worthwhile purchase. No one knows what will happen to you or your interests in 5 years let alone 45 years. That is one of the big X factors that people don't consider when they purchase timeshare (and what the sellers are hoping you don't consider. The sellers do not want a rationally thinking person coming through that sales office door. They want someone who has a "crush" on their product.).