Purchasing Question

[ratharp12]

Hello everyone!

I have quite a newbie question. I've done a lot of research but haven't stumbled across the answer to this question. If I buy this November, will I get points for 2014 and have to pay 2014 maintenance fees? I'm pretty sure I will, but I wanted to check just in case. We've never bought before. We are buying direct from Disney for this first one because we are in a time crunch for using the points for a large family vacation in June.

Thanks,
Becca!

 

[BillPA]

Yes, BUT the dues are pro rated you will only for Nov and Dec.

 

[disneynutz]

I think it depends on which UY you are buying, which UY do you need? Which resort, booking for June has already started?

Bill

 

[ratharp12]

But we'd still get 150 points for 2014? We would need to combine 2014, 2015, and 2016 for our big trip, so this will influence whether we choose to buy in. Use year doesn't matter much to us as we are big planners, but our needs for time of year change depending on who we are bringing with us.

 

[Deb & Bill]

But we'd still get 150 points for 2014? We would need to combine 2014, 2015, and 2016 for our big trip, so this will influence whether we choose to buy in. Use year doesn't matter much to us as we are big planners, but our needs for time of year change depending on who we are bringing with us.

You can't use 2016 points unless you purchase a UY that is before your trip. Like you have a June trip, you'd need Feb, Mar, Apr or Jun UY. Otherwise you'd be in your 2014 UY at the start of the trip and you could not borrow the 2016 points. You need to be in your 2015 UY and have 2014 banked points if you need all three years' points.

 

[DizBub]

When we bought in 2009 it was late Sept. We got a Feb UY and got all of 2009 points and paid prorated MFs for Oct, Nov and Dec. All MFs are due in January each year regardless of UY.

 

[ratharp12]

I think I understand. So, if I requested a January UY, it should work to bank and borrow for our trip in June, right?

 

[Deb & Bill]

I think I understand. So, if I requested a January UY, it should work to bank and borrow for our trip in June, right?

There is no Jan UY.

 

[ratharp12]

Oh that's right! I remember reading that now. Thank you for your help!

 

[dbs1228]

I am pretty sure if you buy a UY that has already passed this year you will not get 2014 points so I am not sure what you are trying to do would work. Correct me if I am wrong I just remember when we bought if I got a UY that passed i would not get that years points.

After reading Deans post I realized I wasn't thinking in UY but calendar year. Yes you will get 2014 points with a direct purchase. I like Dean's idea of buying Dec UY and getting 2013 points too since Dec is still in the 2013 year!

 

[Dean]

Hello everyone!

I have quite a newbie question. I've done a lot of research but haven't stumbled across the answer to this question. If I buy this November, will I get points for 2014 and have to pay 2014 maintenance fees? I'm pretty sure I will, but I wanted to check just in case. We've never bought before. We are buying direct from Disney for this first one because we are in a time crunch for using the points for a large family vacation in June.

Thanks,
Becca!

If you buy retail in Nov and get a Dec UY, you will get 2013 AND 2014 points, otherwise you will get 2014 points only.

 

[LisaS]

I have quite a newbie question. I've done a lot of research but haven't stumbled across the answer to this question. If I buy this November, will I get points for 2014 and have to pay 2014 maintenance fees? I'm pretty sure I will, but I wanted to check just in case. We've never bought before. We are buying direct from Disney for this first one because we are in a time crunch for using the points for a large family vacation in June.

If you purchase directly from Disney, they start you off with a full set of current Use Year points. For Feb, Mar, Apr, Jun, Aug, Sep and Oct Use Years, the current UY is 2014, so if you purchased a contract with one of those Use Years, your initial Use Year would be 2014 and you would get a full set of 2014 UY points. For Dec Use Year contracts, the current Use Year is 2013, at least from now through Nov 30. If you purchase a contract with a Dec UY, and you purchase no later than the end of Nov, your initial UY would be Dec 2013 and Disney would start you off with a full set of Dec 2013 UY points. There is a risk that they will run out of Dec 2013 points if you wait until the very end of November, in which case your initial UY would be Dec 2014 and your first points would be Dec 2014 UY points. And if you purchase a Dec UY contract after Nov 30 you would be in your 2014 UY so your first points would be Dec 2014 UY points.

Disney pro-rates your dues in your purchase year from the later of your purchase date, the start of your initial UY and the occupancy date of the Unit you purchase. (Occupancy date applies only to new construction). If you purchased today (Nov 10, 2014) and got a full set of current UY points for whichever UY you purchased, you would owe 51 days worth of dues for 2014. If you purchased today and purchased a Dec UY contract and they were out of Dec 2013 UY points, your first set of points would be your Dec 2014 UY points and they would pro-rate your dues from Dec 1, 2014 (31 days worth of dues).

 

[Tracy2014]

If you purchased today (Nov 10, 2014) and got a full set of current UY points for whichever UY you purchased, you would owe 51 days worth of dues for 2014. If you purchased today and purchased a Dec UY contract and they were out of Dec 2013 UY points, your first set of points would be your Dec 2014 UY points and they would pro-rate your dues from Dec 1, 2014 (31 days worth of dues).

In this example, if one purchased a Dec UY at GF today and December 2013 points were available, would you pay all of 2013 dues?

 

[Msmithmd]

In this example, if one purchased a Dec UY at GF today and December 2013 points were available, would you pay all of 2013 dues?

No, you'd pay 2 months worth. And then of course all for the (upcoming) December 2014 UY.

 

[LisaS]

In this example, if one purchased a Dec UY at GF today and December 2013 points were available, would you pay all of 2013 dues?

No, you would pay pro-rated dues from the later of: your purchase date (Nov 10, 2014) or the start of your initial Use Year (Dec 1, 2013). The later of those two dates is Nov 10, 2014 so you would pay 51 days worth of dues for calendar year 2014 for Nov 10 - Dec 31, 2014 and you would get all of the 2013 and 2014 UY points, provided they have not run out of Dec 2013 UY points.

You would owe full dues in Jan 2015 for the 2015 calendar year which, for those with a Dec Use Year, is where you pay the majority of the cost of your 2014 UY points since most of the Dec 2014 UY falls within the 2015 calendar year.

 

[supersnoop]

But we'd still get 150 points for 2014? We would need to combine 2014, 2015, and 2016 for our big trip, so this will influence whether we choose to buy in. Use year doesn't matter much to us as we are big planners, but our needs for time of year change depending on who we are bringing with us.

You need to slow down. This isn't going to work out for you; at least not for this trip.

As others have said, the only way you'll be able to get three years worth of points for a June trip is if you buy a December Use Year. But you should put a lot more thought into your use year selection. Remember, this is a 50 year contract; don't make a decision based on the next seven months. Also, do the math. You can usually rent points for $12-14/point. The difference between direct and resale is $60-80/point. Rent points or pay cash for the big event and buy resale later. And, since you're talking about 150 points for a big family gathering, I'm guessing you're looking at a Grand Villa at Old Key West. You're going to have a difficult time securing a June reservation for that even if you buy tomorrow.

 

[MountainMouse]

Are you set on GF? If so, you're only going to save about $25/point over resale. In that case, if buying direct with a December use year and getting 2013 banked points (worth about $15/point) isn't a terrible idea. You could also ask that as part of your direct purchase your first reservation (in June) is secured for you. All this said, this is very special case where buying direct may be best but resale is usually a much better value. If you could be just as happy owning another resort (BLT, VWL, etc) I would strongly recommend resale, it literally saved thousands for me.

 

[Tracy2014]

Are you set on GF? If so, you're only going to save about $25/point over resale. In that case, if buying direct with a December use year and getting 2013 banked points (worth about $15/point) isn't a terrible idea. You could also ask that as part of your direct purchase your first reservation (in June) is secured for you. All this said, this is very special case where buying direct may be best but resale is usually a much better value. If you could be just as happy owning another resort (BLT, VWL, etc) I would strongly recommend resale, it literally saved thousands for me.

And do you pay closing costs if you buy direct?

 

[disneynutz]

And do you pay closing costs if you buy direct?

Yes you do.

Bill

 

[supersnoop]

And do you pay closing costs if you buy direct?

Yes, though they may be a little bit lower, saving you maybe $150.