newbie question about add ons

[zorbasfam]

Hi,

I was wondering if we added on at a different resort would we have two "home" resorts? We have purchased at ssr but if we added on at another location. Would we be able to book there at the 11 month window or still need to wait until the 7 month point because it would be a smaller contract. I apologize if this is on the wrong board or has been answered many times. I'm still new to this but have found these boards to be the most helpful place. Thank you to all.

 

[diznyfanatic]

Yes, if you purchase at another resort, you will have two Home resorts which will allow you to utilize the 11 month booking window at each resort.

However, you will not be able to combine or pool the points from two different resorts if needed until the 7 month window.

As an example, let's say you have 100 points at SSR and 100 points at BWV for a total of 200 points. You would like to book a reservation for 5 nights at BWV requiring only 150 of those 200 points during Food & Wine Festival using your 11 month BWV home resort window.

Using that example, you would only be able to book a reservation at BWV using your 100 points there at 11 months and would have to wait until the 7 month mark to book the 50 SSR points needed for the rest of your stay.

Hope that makes sense!

 

[zorbasfam]

Thanks for the quick reply and it makes perfect sense!!!!!!!!!!!!

 

[diznyfanatic]

You're very welcome and a hearty Welcome Home and to the DIS!

 

[Deb & Bill]

We have 300 points at OKW, 100 each at VWL and BCV. We bank, borrow and use current points to get up to 300 points at VWL and BCV every three years. So you could make that 150 point reservation at your 100 point resort if you borrowed 50 points from the next year. But when you borrow, you can't put them back if you decide to cancel the reservation. Those borrowed points are now current year points.

 

[zorbasfam]

Hi Deb and Bill,

Are they all under one contract number or 3 different ones? And you only use the points for each "home" or then follow the example as given by diznyfanatic.

Thanks again,
Theresa

 

[Deb & Bill]

I have two OKW contracts, one VWL and one BVC with the same master number and different suffix numbers. One OKW is a totally separate master contract with a different use year.

When we stayed at VWL at Thanksgiving, we were able to get seven nights with our 100 point contract by banking, borrowing and using. And we could get them at 11 months. This was only the VWL points.

 

[BigBahamaDada]

All -

I'm a prospective DVC'er. After thinking about the best way for me to get into the soup, I'm plotting something that sounds very similar to what a least a couple posters on this thread are already doing.

Rather than one big contract (e.g. 300 pts) at one home resort, I would do 3 smaller contracts (e.g. 100 per) at three different home resorts. Currently thinking about VWL, AKL and to-be-determined. Contracts would be acquired one per year, for the next three years. Then using the bank/borrow/use philosophy, move all the points possible into the "middle" year of each contract for use in different calendar year, effectively rotating home resorts every three years.

This strategy makes sense to me on many levels: spreading the buy-in cost over three years. I would have the 11-month booking advantage at 3 different resorts. If I decide I have too many points, I can sell off some, but not all, of the contracts. And, at least for the next couple of years, if a new resort happens to be added -- CRV or other -- that resort could be the third contract. The main downside I see is that I will have to wait until one year after the year of purchase to use the points. But we have two DCL cruises over the next 18 months, so I'll have to use those to get my Mouse-fix.

But enough about my schemes. I have a couple of questions I'm hoping you can help with:

(1) If you are an existing DVC'r, are contracts for a resort other than your existing home resort subject to the 150 point minimum? If, for example, I have a 100 point contract at VWL, and want to buy into AKL, can I buy 100, or will DVC require a 150 purchase? If 150 isn't the minimum, is there a minimum purchase for additional contract at different resorts?

(2) Do the terms of the DVC contract prohibit MS from modifying its policies around banking and borrowing? This is the only thing I see as a serious risk to my strategy. If DVC were to eliminate banking/borrowing, thereby requiring current year use, it would make my approach considerably less attractive.

Any thoughts are greatly appreciated.

 

[chalee94]

All -
But enough about my schemes. I have a couple of questions I'm hoping you can help with:

(1) If you are an existing DVC'r, have contracts for a resort other than your existing resort subject to the 150 point minimum? If, I have a 100 point contract at VWL, and want to buy into AKL, can I buy 100, or will DVC require a 150 purchase? If 150 isn't the minimum, is there a minimum purchase for additional contract at different resorts?

(2) Do the terms of the DVC contract prohibit MS from modifying its policies around banking and borrowing? This is the only thing I see as a serious risk to my strategy. If DVC were to eliminate banking/borrowing, thereby requiring current year use, it would make my approach considerable less attractive.

1- nope - you can buy as few as 25 pts (cash) or 50 pts (dvc loan) once you're in the program.

2- i doubt they would be able to modify such significant terms but maybe someone else can answer with certainty...