Not enough points for Ressi

[mr. figment]

If I want to make a resservation for let's say 230 points, but I only have 220 availible(no more to borrow). I assume Disney will be kind enough to let me pay cash for the last 10 points. What do they charge???

 

[Jaaron2]

 

[CarolA]

Disney doesnt' give rent points for one time use. Your options are to borrow from your next use year or rent from another member and get them transferred into your account.

 

[isyt]

Maybe you can pay cash for one night.

 

[crisi]

Disney doesnt' give rent points for one time use. Your options are to borrow from your next use year or rent from another member and get them transferred into your account.

You forgot (in addition to paying cash for one night) the favorite solution around here - ADD ON!

(Seriously, when we want more nights than points available, we've booked one night on cash - often at a traditional CRO hotel - it gives us a chance to revisit favorites or try something different).

 

[mr. figment]

....curses! They're just trying to get me to add on. Thanks for the info!

 

[DVCLiz]

If I want to make a resservation for let's say 230 points, but I only have 220 availible(no more to borrow). I assume Disney will be kind enough to let me pay cash for the last 10 points. What do they charge???

Sorry. Mr. Figment, but Disney will NOT be kind enough to let you pay for a portion of the points needed for a night's stay, while using points for most of it. It's all or nothing - all points or all cash.

In your case, you could see if another member would transfer the 10 points into your account, or you could make the reservatiOn for the nigHts you do have points for and pay cash for the extra night. or, you could cut your trip short by a day and bank the extra points into the next year.

 

[DisneyBuffinDE]

Sorry. Mr. Figment, but Disney will NOT be kind enough to let you pay for a portion of the points needed for a night's stay, while using points for most of it. It's all or nothing - all points or all cash.

In your case, you could see if another member would transfer the 10 points into your account, or you could make the reservatiOn for the nigHts you do have points for and pay cash for the extra night. or, you could cut your trip short by a day and bank the extra points into the next year.

I am just now looking in to buying into the DVC and I was told you can only buy points in 25 pt increments. What is the best amount of points to have?

 

[DVCLiz]

I am just now looking in to buying into the DVC and I was told you can only buy points in 25 pt increments. What is the best amount of points to have?

I believe 25 points is the minimum you can purchase at one time directly from Disney as an add-on - if you pay cash. Otherwise, it is 50 points if you want to finance through Disney. If you are paying cash, you can buy any amount over 25 as an add-on, but must meet the minumum buy-in - I think now it's 150 or 160 points.

As far as what's the best, you need to think about several things. Most importantly, what can you afford? And, closely tied to that numbber, what can you afford to spend on maintenance fees every year? Those numbers are going to limit you to your realistic amount of points. After that, you need to think about where and when you'd like to spend your points, and look at some of the points charts to get an idea of how many nights your points will get you. If you stay in a studio during the off season and during the week, you'll need far fewer points than if you are in a 2BR villa over New Year's, for example.

Think it through and ask lots of questions!!

 

[chalee94]

I am just now looking in to buying into the DVC and I was told you can only buy points in 25 pt increments. What is the best amount of points to have?

best amount of pts? depends on how many you would use for a typical annual (or every-other-year) disney vacation. people differ on expectations. if you want enough for a studio at OKW for 5 nights a year, you could get by with fewer pts than if you prefer to spread out for 2 weeks in a 2BR concierge at AKV.

the minimum direct "add-on" (an additional purchase if you are already a DVC member) is 25 pts...BUT you may add 29, 32, 47 or however many pts you like. if you add fewer than 50, DVC will not finance and you must pay cash.

OTOH, to buy into DVC directly as a nonmember, the minimum is usually 160 pts, although AKV is running a 100 pt special right now. (you may buy a resale contract for any resort and any number of pts you want and can find available.)

 

[DisneyBuffinDE]

best amount of pts? depends on how many you would use for a typical annual (or every-other-year) disney vacation. people differ on expectations. if you want enough for a studio at OKW for 5 nights a year, you could get by with fewer pts than if you prefer to spread out for 2 weeks in a 2BR concierge at AKV.

the minimum direct "add-on" (an additional purchase if you are already a DVC member) is 25 pts...BUT you may add 29, 32, 47 or however many pts you like. if you add fewer than 50, DVC will not finance and you must pay cash.

OTOH, to buy into DVC directly as a nonmember, the minimum is usually 160 pts, although AKV is running a 100 pt special right now. (you may buy a resale contract for any resort and any number of pts you want and can find available.)

Is buying resale really the same? I've seen it I'm just not sure about it.

 

[chalee94]

Is buying resale really the same? I've seen it I'm just not sure about it.

i bought a small resale contract and it has been the same as if i'd bought directly - i'm not treated any differently (except that i didn't get a DVC tote bag.) resale buyers currently are identical to direct purchasers with regard to perks and benefits - it may change eventually but that is the current situation.

more info, stolen from DVCMike:

Initial Purchase from DVC

• You can get the exact number of points that you want (although you must buy a minimum of 160)
• Faster than resale (you will be in the system and have your points and be able to make reservations much faster than resale)
• No worries about the purchase if Disney executes ROFR, since that only applies to resale purchases
• More expensive cost per point than the resale market
• You can finance through DVC, and Disney doesn’t report the loan to credit reporting agencies
• You can pay with a Rewards credit card and get points/cash back
• The full set of points you buy will be available immediately, versus a resale contract which may be “stripped” of points.
• If you don’t want the resorts they are currently selling (AKV/SSR), you may have to do some firm talking to a guide to convince them you really want an older resort.

Initial Purchase via Resale

• You may not get the exact number of points you want
• You can purchase less than 160 points for your initial buy-in to DVC (Disney won’t let you buy less than 160 points).
• It will take much longer to get into the DVC system and have your points (resales typically take 6-8 weeks)
• Disney may exercise ROFR and you may lose the resale and have to start all over (When buying resale, one of the potential pitfalls to try to avoid is making an offer that will cause Disney to exercise it’s Right of First Refusal)
• Resale is typically less expensive then buying from DVC
• You can’t finance through DVC, although most resale brokers will recommend a finance company
• A resale contract may be “stripped” of points where the user has used many of the current year’s points, and may have borrowed some or all of next year’s points. Just be aware of “stripped” contracts on the resale market.
• Easier to pickup large point packages at any of the older DVC resorts.

 

[Chuck S]

Is buying resale really the same? I've seen it I'm just not sure about it.

At the moment, yes, resale buyers are treated exactly the same as owners that purchased through Disney. I really don't think that will change overall, but perhaps DVC will set the minimum number of points owned to have discounts and benefits at whatever the current minimum buy-in for new members is in the future. The only way they could really do that is if they upgraded the computer systems, and issued different membership card (maybe a different color) to those with more than the minimum number of points. Though, likely, it won't be cost effective, unless the really need to enforce the minimum point numbers in the future.

For instance, if a higher percentage of members bought small resale contracts rather than the contract for wherever the minimim is set, it could raise dues for accounting and member services, and Disney may not want to grant discounts/perks to people with very small contracts in the future.

At the moment, it probably isn't a big enough problem to justify printing new cards for all members, or having everyone call Member Services whenever they want a discounted AP ticket.

 

[kapeman]

I have noticed that many people do not place the appropriate weight on the various factors of Resale vs Direct.

For me, one of the main factors is cost.

The fact that (depending on resort) you can save $20-30 per point when buying resale completely mitigates the wait time.

Also, on just about any contract but the very smallest or very largest, the closing costs are a minimal per point increase.

If you are spending $8-10k on a contract what difference does $4 or 5 hundred make? Especially when you could be saving thousands.

 

[Chuck S]

Since this thread is straying for the original topic of not having enough points for a particular ressie, it really is no longer in the realm of DVC -OPs board. I'm moving it over to DVC Mouse.

 

[DisneyBuffinDE]

Sorry to make the thread stray. I had that exact question when I started my research in to this. Thanks for all the help so far. I'm sure I'll need more.
By the way I really like this site. I'll def. make this one of my number one places to go for Disney info.

 

[Disney_Villain]

They will give you 25% discount off the regular rate for DVC resorts, but they will not actually "sell/rent" points as you are suggesting. You must call Member Services to do this. Hope that helps!

 

[crisi]

I have noticed that many people do not place the appropriate weight on the various factors of Resale vs Direct.

For me, one of the main factors is cost.

The fact that (depending on resort) you can save $20-30 per point when buying resale completely mitigates the wait time.

Also, on just about any contract but the very smallest or very largest, the closing costs are a minimal per point increase.

If you are spending $8-10k on a contract what difference does $4 or 5 hundred make? Especially when you could be saving thousands.

"Appropriate" depends on what you value.

Buying from Disney gives you nearly immediate access to your points - resales can take several months to get into the system. That sort of savings often means a contract where this years points (and often next) have been used - a great value if you aren't travelling for two years.

 

[Anal Annie]

"Appropriate" depends on what you value.

Buying from Disney gives you nearly immediate access to your points - resales can take several months to get into the system. That sort of savings often means a contract where this years points (and often next) have been used - a great value if you aren't travelling for two years.

Agreed. A re-sell contract that has been stripped of its points for the next 2 years is no bargain in MY eyes. But I suppose there are some who don't care. We bought directly thru DVC because we were able to purchase thru the Friends & Family promo 1 1/2 yrs ago - that brought the cost per point down to about what the re-sells were going for ($86 pp at the time). We were able to specify that we wanted our master contract and one smaller contract for no additional cost or fees. Bought exactly what we wanted at the time and had immediate access to our points.


OP - I would do as others suggested and just book one night on a cash ressie with the DVC discount.