RobDoc
DIS Legend
- Joined
- Aug 14, 1998
- Messages
- 34,194
We are at OKW right now and attended the Extension Presentation this morning at Community Hall (another will be offered on Thursday morning).
Besides an overview of the information we've been discussing for a couple months here , I got a little more information about the extension and also the current sales incentives.
As we already know, current OKW owners have until February 29, 2008 to take advantage of the $15 per point net cost to accept the extension. Financing is available - a 50 point extension at $15 per point would cost $9.20 per month for a 10 year loan at 10.75% APR.
I asked what will happen to those members who fail to make a decision and was told that DVC is working very hard to contact all OKW owners. Those who do not accept or decline by December 31, 2008 will have a lien placed on their account - limiting their ability to use their membership until they accept or decline the extension. They anticipate being able to contact all OKW owners before affecting anyone's use of the program. On March 1, 2008, the cost of the extension will be $25 per point.
For current members who wish to add-on at SSR or AKV, the $10/$8 incenitve applies for purchases of 100 or more points ... and for those buying 110 or more points there is a bonus of 100 Developer Points to be used within a year - with 160 Developer points for purchases of 160 - 199 and 270 Developer Points for purchases of 200 or more points. New purchases of 225 points will also have access to tiered Developer Points depending on the number of points above 225.
At this time, no decision has been made about offering extensions for the other 2042 resorts - but don't rule that out. The tone used in the presentation suggested , to me at least, that extensions will be available for the other resorts as time goes on.
The sales manager present stated that they currently have 70,000 OKW points available. He added that OKW sales are "steady" but not like sales at SSR/AKV. They presently have all Use Years for OKW, but he suggested that status could easily change on the coming weeks. He mentioned that they are currently averaging sales of 50,000 points per day.
This presentation was NOT like the old "Member Updates" offered for years at OKW - it was primarily a sales presentation and the guides present were prepared to have interested members sign the paperwork immediately for the extension. Those who wish to decline still need to wait for the documents to be mailed to their home address.
Besides an overview of the information we've been discussing for a couple months here , I got a little more information about the extension and also the current sales incentives.
As we already know, current OKW owners have until February 29, 2008 to take advantage of the $15 per point net cost to accept the extension. Financing is available - a 50 point extension at $15 per point would cost $9.20 per month for a 10 year loan at 10.75% APR.
I asked what will happen to those members who fail to make a decision and was told that DVC is working very hard to contact all OKW owners. Those who do not accept or decline by December 31, 2008 will have a lien placed on their account - limiting their ability to use their membership until they accept or decline the extension. They anticipate being able to contact all OKW owners before affecting anyone's use of the program. On March 1, 2008, the cost of the extension will be $25 per point.
For current members who wish to add-on at SSR or AKV, the $10/$8 incenitve applies for purchases of 100 or more points ... and for those buying 110 or more points there is a bonus of 100 Developer Points to be used within a year - with 160 Developer points for purchases of 160 - 199 and 270 Developer Points for purchases of 200 or more points. New purchases of 225 points will also have access to tiered Developer Points depending on the number of points above 225.
At this time, no decision has been made about offering extensions for the other 2042 resorts - but don't rule that out. The tone used in the presentation suggested , to me at least, that extensions will be available for the other resorts as time goes on.
The sales manager present stated that they currently have 70,000 OKW points available. He added that OKW sales are "steady" but not like sales at SSR/AKV. They presently have all Use Years for OKW, but he suggested that status could easily change on the coming weeks. He mentioned that they are currently averaging sales of 50,000 points per day.
This presentation was NOT like the old "Member Updates" offered for years at OKW - it was primarily a sales presentation and the guides present were prepared to have interested members sign the paperwork immediately for the extension. Those who wish to decline still need to wait for the documents to be mailed to their home address.
