Question about new deal

[baby1038]

I have a couple of questions regarding the new deal. Since it is June use year and I would get my 2005 points, would I be able to bank those points? How long does it usually take to close on these contracts?

Thanks,
Michelle

 

[BCVOwner2002]

Yes. The points can be banked andn it can take up to 60 days to close but it's usually not that long. I was told the sooner you get your deposit and paperwork in the better.

 

[vascubaguy]

As soon as you call to start the paperwork and make the deposit, they draw up the contracts and get you in the system. At that point you will have your DVC member number and will even get the points. You don't have to wait until you officially close to start taking advantage of the membership. You can almost immediately start booking reservations. (I think if you do financing you have to wait until you get approved though).

HTH

 

[RobDoc]

You should have until the end of November to bank the points- I'd tell my guide that I want those points banked ASAP as a condition of the sale - just to be safe.

Enjoy!

 

[Anewman]

We just closed on 200 points, March use year. 100% banking window was extended to OCT 30th, so we had more than enough time to bank all the points.

Now considering adding 120 points, if our guide can get us March use year and bankable 2005 points I am sure the wife wont be too upset that I spent some more of "our" money.

 

[vascubaguy]

We just closed on 200 points, March use year. 100% banking window was extended to OCT 30th, so we had more than enough time to bank all the points.

Now considering adding 120 points, if our guide can get us March use year and bankable 2005 points I am sure the wife wont be too upset that I spent some more of "our" money.

When you do an add-on thru DVC you don't have a choice on your UY, unless you buy 150 points and request a different UY (then you get a new contract and member number). If you do the add-on I'm pretty certain they would extend the deadline for banking. When I did my addon this past August, I got the 2004 points and they let me bank 100% of those. A month later I had all '04 and '05 points at my disposal.

 

[cobbler]

We financed and were able to get our ID number and make reservations for our upcoming trip the day after we made our initial deposit to get the things rolling. Our papers should have been Fed'Exd out yesterday or Monday at the latest. I know I will Fed Ex them back withing 36 hours of me getting them so I can close faster and such but I was able to get all my 2005 points, UY June and make reservations within 24 hours of putting my deposit down.

 

[isyt]

Whats the new deal I just got back from vacation???

 

[vascubaguy]

Whats the new deal I just got back from vacation???

For existing members, and people that are referred by members, they can get 15% off at SSR.

Existing members have to add-on at least 120 points to get the 15%, new members still have to get 150.

 

[phorsenuf]

Is that 15% on top of the current promotion? If so, what does it equal out to?

 

[vascubaguy]

Is that 15% on top of the current promotion? If so, what does it equal out to?

No it is 15% instead of the $8 incentive

It works out to be $83.30 per point instead of $90. Oh, and the 15% part can be applied towards the downpayment if you do financing.

 

[mwehttam]

Does anyone know how long the deal will be for? Has an expiration date been given?

Thanks.

-Matthew

 

[phorsenuf]

So, if I do my math correctly and I buy 150 points @ $90. each it is $13,500.

30% downpayment would be $4050. Then less the 15% of the $13,500 would be $2,025 so I would only need to pay $2,025 out of pocket towards the downpayment, right?


If so, that's pretty darn good!

 

[vascubaguy]

There is no exact date mentioned... it just says:

"To thank you for being part of our magical community, Disney Vacation Club has created two limited-time opportunities for you to "extend" the magic."

 

[vascubaguy]

So, if I do my math correctly and I buy 150 points @ $90. each it is $13,500.

30% downpayment would be $4050. Then less the 15% of the $13,500 would be $2,025 so I would only need to pay $2,025 out of pocket towards the downpayment, right?


If so, that's pretty darn good!

SSR is $98 per point, the $90 is with the $8 off incentive. You can't get the $8 off AND the 15% off too. The math would work out like this:

150 points x 98.00 = 14,700.00
20% deposit = 2940.00

15% incentive = 2205.00
Out-of-Pocket = 2940.00 - 2205.00 = $735

I'm not certain if they have changed required deposit to 30% or not. You'd need to get exact figures from your guide. I think someone posted in another thread that there is a minimum out-of-pocket requirement of 10% ($1470), but they could have changed it to just a 30% requirement for this deal.

If you haven't called yet but are interest, if you need a referral for the deal just send me a PM and I'll gladly give you the info. Or you can click on the Member Info link in my signature line and the referral info is in there.

Good luck and let us know if you decide to join.

 

[phorsenuf]

SSR is $98 per point, the $90 is with the $8 off incentive. You can't get the $8 off AND the 15% off too. The math would work out like this:

150 points x 98.00 = 14,700.00
20% deposit = 2940.00

15% incentive = 2205.00
Out-of-Pocket = 2940.00 - 2205.00 = $735

I'm not certain if they have changed required deposit to 30% or not. You'd need to get exact figures from your guide.

If you haven't called yet but are interest, if you need a referral for the deal just send me a PM and I'll gladly give you the info. Or you can click on the Member Info link in my signature line and the referral info is in there.

Good luck and let us know if you decide to join.

Last time we looked into it we needed to put 30% down. So it would be $2205 out of pocket, right? Still a good deal!

 

[vascubaguy]

Last time we looked into it we needed to put 30% down. So it would be $2205 out of pocket, right? Still a good deal!

That requirement is determined by DVC based on financing, etc... I think someone posted that there is a minimum out-of-pocket requirement of 10% so you would at least have to pay $1470.00. If they indicated you had to pay 30% to get the deal and financing yes, I think $2205 out-of-pocket is still great for this offer!

Good luck!

 

[phorsenuf]

That requirement is determined by DVC based on financing, etc... I think someone posted that there is a minimum out-of-pocket requirement of 10% so you would at least have to pay $1470.00. If they indicated you had to pay 30% to get the deal and financing yes, I think $2205 out-of-pocket is still great for this offer!

Good luck!

Thanks for all your help! We are re-financing our house and that will be finalized this coming week. After that I think I will contact DVC and see what they can do for us. If we can get in that cheap that would be awesome!