Purchasing and use year!

[nurse27]

Hi Everyone!

Quick question from a newbie! We did the tour last week and have been debating on joining for a long time. We think we are ready to do it...

Our DVC sales guide has told us its a great time because we can get “double points” if we do it today or tomorrow. Basically from what I’m reading we will get a Dec 2017 use year from Copper Creek so we will get our points immediately and then get more points in Dec 2018. Is this something they do all the time or is an offer I should jump on? As far as the use year we will travel mostly Jan-May. However some years we may go during Halloween and Christmas celebrations.

We are thinking of doing 75-100 points directly through Disney. It will take us less than 3 to 6 months to pay that off and once we get that paid off we will look into resales. Is this what most recommend?

Thanks for everyone’s advice.

 

[robinb]

I'm not sure about incentives, so I can't help you there.

Your choice of Use Year (UY) depends on when you usually travel and the banking deadline for the UY you choose.

Here is a chart:

A December UY has a banking deadline of July 31. That would cover *most* of your trips except your possible October trips. Banking deadlines are most important for cancelled trips. If you cancel a May trip, for instance, and you don't have plans to reschedule between then and December then you can bank the points into the next year and use them then. If you cancel an October trip after July 31st you cannot bank them so they need to be used between when you bank them and November 30th.

if you cancel prior to 31 days before your check-in date, no matter what month, your points go into "holding" purgatory which is a PITB.

One thing that you may want to do is to look into your crystal ball and see how you might use the points in the future. We used to love to go in May and October but once our DD got old enough we had to go during school breaks and August became our go-to month. Assuming that you would cancel more than 31 days in advance if need be, then a December UY would still work well for August vacations.

 

[nurse27]

I'm not sure about incentives, so I can't help you there.

Your choice of Use Year (UY) depends on when you usually travel and the banking deadline for the UY you choose.

Here is a chart:

A December UY has a banking deadline of July 31. That would cover *most* of your trips except your possible October trips. Banking deadlines are most important for cancelled trips. If you cancel a May trip, for instance, and you don't have plans to reschedule between then and December then you can bank the points into the next year and use them then. If you cancel an October trip after July 31st you cannot bank them so they need to be used between when you bank them and November 30th.

if you cancel prior to 31 days before your check-in date, no matter what month, your points go into "holding" purgatory which is a PITB.

One thing that you may want to do is to look into your crystal ball and see how you might use the points in the future. We used to love to go in May and October but once our DD got old enough we had to go during school breaks and August became our go-to month. Assuming that you would cancel more than 31 days in advance if need be, then a December UY would still work well for August vacations.

Thank you for the information. This was very helpful.
My daughter is starting school this year so I’m sure we will change how we travel some. Right now we think it will be her Feb break and some years we may keep her out of school a few days around teacher work days. It’s hard to know what would be the perfect use month in 10-15 years from now.

 

[chalee94]

Basically from what I’m reading we will get a Dec 2017 use year from Copper Creek so we will get our points immediately and then get more points in Dec 2018. Is this something they do all the time or is an offer I should jump on?

It's something that they do all the time. In November 2018, you will still be in your 2017 December UY, so all they are doing is giving you current year pts.

If you hate going in the summer, an Oct UY is ideal (I do and I have one.) But no UY covers every date so you may have to roll the dice on some trips...

 

[miTnosnhoJ]

This is not a special offer. If you buy anytime, you get the current years points (in your case, the December 2017 points) and then in December 2018, you get acccess to your 2018 points. Do not be rushed into making a decision. Take your time.

 

[Katie L]

Hi Everyone!

Quick question from a newbie! We did the tour last week and have been debating on joining for a long time. We think we are ready to do it...

Our DVC sales guide has told us its a great time because we can get “double points” if we do it today or tomorrow. Basically from what I’m reading we will get a Dec 2017 use year from Copper Creek so we will get our points immediately and then get more points in Dec 2018. Is this something they do all the time or is an offer I should jump on? As far as the use year we will travel mostly Jan-May. However some years we may go during Halloween and Christmas celebrations.

We are thinking of doing 75-100 points directly through Disney. It will take us less than 3 to 6 months to pay that off and once we get that paid off we will look into resales. Is this what most recommend?

Thanks for everyone’s advice.

If it will only take you 3-6 months to pay that off, why not just save the money and pay cash in 3-6 months? (Or put on a CC with reward points and then pay the CC off immediately?) The guide was being a bit shifty with that explanation - as others before me have already stated. Only you know your financial situation, but I would be hesitant to take out a loan on a timeshare, no matter how small or short you intend for it to be.

 

[CarolMN]

In case you haven't already, spend some time with these threads:

Understanding Use Year

DVC Resource Center

You'll find lots of useful information that will help you make your decision.

 

[nurse27]

In case you haven't already, spend some time with these threads:

Understanding Use Year

DVC Resource Center

You'll find lots of useful information that will help you make your decision.

Thank you!!!

 

[nurse27]

If it will only take you 3-6 months to pay that off, why not just save the money and pay cash in 3-6 months? (Or put on a CC with reward points and then pay the CC off immediately?) The guide was being a bit shifty with that explanation - as others before me have already stated. Only you know your financial situation, but I would be hesitant to take out a loan on a timeshare, no matter how small or short you intend for it to be.

That is something we are considering....just waiting...but I was concerned we would be missing out on a good deal. I’m glad I asked on here. Our guide was super nice but I always feel like they twist the truth a little. Haha. I am sold on DVC. My husband and I aren’t high maintenance people but we love going to Disney and DVC is something we really want. I just wish the guide (s) could be a little more transparent and not just sell you on things.

 

[Deb & Bill]

That is something we are considering....just waiting...but I was concerned we would be missing out on a good deal. I’m glad I asked on here. Our guide was super nice but I always feel like they twist the truth a little. Haha. I am sold on DVC. My husband and I aren’t high maintenance people but we love going to Disney and DVC is something we really want. I just wish the guide (s) could be a little more transparent and not just sell you on things.

That's the problem with DVC "guides" now. When DVC first opened, the guides were more informative and honest. Now they are eager to sell and use words to fudge honesty. Double points has been the code word for the last few years. It used to be "you have until tomorrow to get the great deal I'm offering" so you couldn't go home and think it over first. The more you study and learn, the more you find out the guide wasn't much of a guide.

 

[4luv2cdisney]

It's something that they do all the time. In November 2018, you will still be in your 2017 December UY, so all they are doing is giving you current year pts.

If you hate going in the summer, an Oct UY is ideal (I do and I have one.) But no UY covers every date so you may have to roll the dice on some trips...

I absolutely agree with this. I have an Oct UY as well with zero desire to be in WDW during the summer months.

However...

October UY can be hard to come by on the resale market.

https://dvcnews.com/index.php/dvc-p...ear-distribution-charts-updated-february-2018

I am not in a hurry to buy resale, but I do keep my eyes on the resale sites just in case the right deal happened to pop up. I want a BLT contract with an Oct UY. I can honestly say I have only once seen a contract that I would be interested in come along in 7 months time and it was priced barely below direct (after all things considered) and still sold nearly immediately.

So, depending on how things shake out with CCV or if you decide you want a 2nd home resort (esp BLT!), etc.... be willing to hunt hard and possibly be flexible and extremely patient when looking to buy resale. It seems like people who can make a Dec UY or Feb UY work for them have it made ! lol

 

[Moramoon]

This sounds exactly like us. We bought 75 points direct from Disney a little over 3 weeks ago and had the same pitch thrown at us,"we'll match the number of point you purchase by giving you 2017's points for free". This was also for CCV with a Dec UY. Our plans were exactly the same. We bought 75 points direct because we knew we would be able to pay it off in about a year with the intention of purchasing more later on. Our CCV points we plan on using for annual trips with us staying a few days right before Christmas and going to one of the parties and our resale contract we planned on using for bigger trips every other year. The Dec UY works our great for our Christmas trips, but I found the "extra" 75 points threw a wrench in our plans. We had already booked a room for our Christmas trip this year renting points directly from a member and had just gotten back from Disney and weren't planning on going back before Christmas. There wasn't much availability anyway so we had to bank them. Now we have to plan on another trip next year (not such a bad thing) so we don't lose out on our banked points. I know we could always rent them, but I don't really want to rent our first DVC points since I'm still learning everything.

 

[Matty B13]

Are you planning a 2019 Vacation? If so, I would wait to purchase direct until 9-10 months before the need to book the reservation, thus buying before the 7-month booking window opens up for all owners. This way you would pay a prorated amount of Maintenance Fees on your 2017 December UY points.

 

[disneynutz]

This sounds exactly like us. We bought 75 points direct from Disney a little over 3 weeks ago and had the same pitch thrown at us,"we'll match the number of point you purchase by giving you 2017's points for free". This was also for CCV with a Dec UY. Our plans were exactly the same. We bought 75 points direct because we knew we would be able to pay it off in about a year with the intention of purchasing more later on. Our CCV points we plan on using for annual trips with us staying a few days right before Christmas and going to one of the parties and our resale contract we planned on using for bigger trips every other year. The Dec UY works our great for our Christmas trips, but I found the "extra" 75 points threw a wrench in our plans. We had already booked a room for our Christmas trip this year renting points directly from a member and had just gotten back from Disney and weren't planning on going back before Christmas. There wasn't much availability anyway so we had to bank them. Now we have to plan on another trip next year (not such a bad thing) so we don't lose out on our banked points. I know we could always rent them, but I don't really want to rent our first DVC points since I'm still learning everything.

And now you know another way that Disney makes money and how DVC can cost you. Taking another vacation so you don't forfeit your points or an extra vacation because you bought an AP. That is why they give DVC a discount on some AP's, they make much more money because you come back for a second vacation.

Bill

 

[disneynutz]

Guides are sales people, nothing more. They make a living selling people a timeshare. If the don't sell they lose their job. They use all of the tools available to them to make a sale. DVC is good for some, not for others, as long as buyers know and understand what they are buying and what their total vacation costs will be after buying then all is good in the world.

Bill

 

[Dean]

Hi Everyone!

Quick question from a newbie! We did the tour last week and have been debating on joining for a long time. We think we are ready to do it...

Our DVC sales guide has told us its a great time because we can get “double points” if we do it today or tomorrow. Basically from what I’m reading we will get a Dec 2017 use year from Copper Creek so we will get our points immediately and then get more points in Dec 2018. Is this something they do all the time or is an offer I should jump on? As far as the use year we will travel mostly Jan-May. However some years we may go during Halloween and Christmas celebrations.

We are thinking of doing 75-100 points directly through Disney. It will take us less than 3 to 6 months to pay that off and once we get that paid off we will look into resales. Is this what most recommend?

Thanks for everyone’s advice.

I agree with waiting and paying cash. If I were going to buy both retail and resale, I'd buy resale first, much easier to fit them together that way. The issue is why buy retail at all, truthfully, the only reason to do so is because it's something you specifically want that you can't get retail or for much savings retail. 99.5% of the time it doesn't make sense to do so for the perks at the 5 pts requirement. The ONLY time it does financially speaking is when one can get multiple passes with savings within 3-4 years at the most, like 20 or more total. As for "extra points", one can sometimes get even more points resale than retail if you get a fully loaded contract (an extra year of banked points).