Question about buying through resale...

[cgcruz]

If we buy a resale contract, do we get our DVC member IDs before we even go on our first DVC trip? If we do get a DVC resale, we will pbbly take a trip to WDW and might not have any available points so we'll do a room only quick trip. We'd like to be able to take advantage of DVC member discounts while there.

Also, if I buy a resale contract at OKW with no points until say the end of 2008 to get in the door, will I be able to buy more points directly through Disney right now at SSR and be able to use them immediately? Will I be able to get the same Use Year as my OKW contract?

 

[Teyedoubleguhrrrr]

I'd be really careful about buying a OKW contract where you don't get any points until '08. The contract is "stripped" meaning that you are paying for it, but get a year or two less usage out of it (while you are making payments or own it outright). There are enough contracts out there that with a little patience, you can find one that meets your needs without being a stripped one.

If you do decide to go with one like this - be sure that you are very clear about the seller paying '07 and a portion of the '08 MF. The MF are NOT tied to use year - they run on calendar year. So if your UY is August, the seller should pay the MF for Jan - July '08 since they have used the points for the entire '07 UY - make sense? It might be more, too, if they are only giving you a portion of the '08 points.

I believe it takes about 30 days or so to get your ID's etc. from DVC on a resale, but your info will be in the system at MS. I don't know if they offer a "temp" card or what.

Throwing in SSR leaves me a bit puzzled - but that is not hard. Is your aim to buy into DVC or OKW? If you want points NOW to use NOW and resort does not matter - buy SSR/AKV whatever through Disney. If you are looking at OKW because of the price difference on the resale - then I would stick it out for a better resale one than you are getting. Keep in mind the length of the contracts, the 11 month booking advantage, etc.

IMO -it sounds like you might want to do some more research on this before you leap in. It's a big investment - a lot of fun for sure - but one you should go into with all of the info you need.

 

[drusba]

You should get DVC member cards about a month after you close on the resale, which itself may take 45 to 60 days after you sign a contract to purchase, so I do not know how that fits into your plans. If you are an existing member (once you close on a resale) you can add on points to your ownership at SSR through Disney regardless of whether your resale contract has any current points. Disney's rule for add-ons is that you must add on for the same use year that you already have except that you can get a new use year for the add-on upon request if you are adding on at least that amount of points a new purchaser would have to buy (currently 150 at SSR).

 

[DBorges]

I tried to explane this yesterday but it got removed. I am not tring to sell anything here merly help you understand the process.


"Also, if I buy a resale contract at OKW with no points until say the end of 2008 to get in the door, will I be able to buy more points directly through Disney right now at SSR and be able to use them immediately? Will I be able to get the same Use Year as my OKW contract?"

If you buy a contract with no 2007 use year point left YOU do not have to pay duestill 2008 use year.Unless you purchase and sales state that you do.

This is normaly paid buy the seller

But you will have to pay the loan furthermore you will have full membership rights Just no points till the use year comes around.

 

[Caskbill]

Also, if I buy a resale contract at OKW with no points until say the end of 2008 to get in the door, will I be able to buy more points directly through Disney right now at SSR and be able to use them immediately? Will I be able to get the same Use Year as my OKW contract?

If you purchase an OKW contract, once that contract has closed you are a DVC member. You can then purchase an add-on directly from Disney. You would not have to wait until your actual Use Year began in 2008.

You would get your SSR points immediately. Depending on what use year month you purchased, you would either get 2006 SSR points or 2007 SSR points.

As an add-on purchase, the SSR use year month must be the same as your original OKW's Use Year month.

Dues are based on a calendar year, NOT on a use year. This is confusing to many people. If the OKW contract's dues were paid in full Jan 2007, then you would be paying a full year's dues Jan 2008.

If the OKW contract's dues were being paid on a monthly basis, you would start paying them monthly immediately. This is true even though you wouldn't have any points until late 2008.

Since dues are paid by calendar year and not use year, the sellers of the OKW contract should compensate you for the dues you'd wind up paying that were applicable to the pro-rated portion of the 2007 points for the year.

If you purchase an SSR contract, the dues will be prorated for the remainder of the year.

Now the details:
Suppose you purchase an OKW September UY contract with no 2007 points, and only 2008 points coming Sep 1, 2008.

Suppose that purchase closed by June 1st. That's the date you are an official member. It might take a few extra days to get into the system.

You could call mid-June and purchase an SSR contract. It would have to be a Sep UY since it would be an add-on to your OKW Sep UY contract.

You would receive 2006 points, and on Sep 1, 2007 you would receive 2007 points.

Dues for SSR would be pro-rated, so you'd basically have to pay 6/12ths of the annual dues (I.E. Jul-Dec). You would either pay this entirely when you purchase SSR, or could start paying in monthly payments.

January 2008 you would have a full year's dues to pay for SSR. Again you could pay in full, or pay monthly throughout 2008.

Now, backtracking, as to the OKW contract. If it were a Sep Use Year month, then 8/12th of the dues for a particular calendar year could be considered applicable to one use year's points, and 4/12ths applicable to the next use year's points.

Example, for calendar year 2007's dues, if paid in full January 2007, for a Sep UY, 8/12ths of those dues would apply to 2006 points (Jan-Aug), and 4/12ths of the dues would apply to 2007 points (Sep-Dec). If the seller had paid all the dues for the year in January 2007, there would be no reimbursement due them because you would not be receiving either any 2006 points nor 2007 points. If they were paying monthly, then they should credit you (pay you) the amount for the remaining monthly dues for the remainder of calendar year 2007.

Now, since there are no 2007 UY points, and since Jan 2008 you need to pay the annual dues, and since 8/12ths of them are applicable to 2007 UY points (which you aren't receiving), the seller should credit you (pay you) for 8/12ths of the 2008 annual dues. You should only be liable for the 4/12ths of the dues applicable to 2008 UY points. (I.E., Sep 2008 thru Dec 2008). If instead you agree to pay all the annual dues for 2008, you are really paying dues that applied to the seller's 2007 UY points which they already used)

Paying only 4/12ths of the 2008 annual dues is correct and is equivalent to the way Disney would pro-rate the dues for only 4 months if you were purchasing a new contract from them that began with Sep 2008 points.)


Hope this helps.