Question about separate contracts

[Buckalew11]

I am sure the answer is on this board, right under my nose, somewhere but DVC gets my head all screwed up like Algebra did in HS.

I am thinking that instead of buying over 200 points somewhere (leaning toward OKW) that maybe we should buy 150 at OKW and another 150 someplace else for a total of 300 points. That way, if I ever wanted to resell, it would be easier (according to some helpful people's posts here).

Now, if I own 2 separate DVC contracts, and I needed, say 175 pints for one trip how do I get to my extra 25 points? 150 of my points would be at OKW but I would need 25 (say, from my SSR contract) more for the trip. Can I borrow them from the other contract?

Honestly, I hope someone can figure out what I am asking and answer it easily because I am not sure how to phrase what I am wondering. Help!

 

[Caskbill]

First, make sure the 2nd contract is an add-on contract and not a totally separate master contract. As an add-on it will have the same use year. If you purchase resale, make sure your resale broker has Disney treat it as an add-on and not a separate contract.

At the 8-11 months, you can only use the points from a contract's home resort, so no matter whether its' an add-on or not, you can't combine them at 8-11 months.

At 7 months, the points can be combined in any manner you wish and used at any resort you want.

Also keep in mind that as an add-on the total point determines your banking percentages.

What a lot of members do is bank/borrow separately between the two home resort contracts. This can give you more points for the 11-month booking window every other year for each home resort.

 

[Deb & Bill]

You can always do like we do. We have points at OKW, VWL and BCV. When we want to stay at VWL or BCV and need more than 100 points, we borrow from next year's points to get 200 to use for the one stay.

If we are thinking ahead, we can also bank the current year, make the reservation for the next use year and borrow from the future use year to make 300 points. We don't usually think that far ahead. We haven't done much banking in a long time.

 

[Hillbilly]

Well, what works for us is making the ressie 11 months out for our home resorts and then changing them at 7 months. That way we are assured that we have the place. We haven't had a problem yet getting a ressie at 7 months. I think it would depend on the time of year you go and what you are trying to obtain. Grand Villas might be hard to come by depending on the resort, but 1 bdr and studios are more plentiful.

 

[Simba's Mom]

I am sure the answer is on this board, right under my nose, somewhere but DVC gets my head all screwed up like Algebra did in HS.

I just had to say I love your comment about the effect of Algebra in HS. I used to teach Algebra in HS, and from some of the glassy-eyed looks sometimes, I'm sure you weren't the only one!

 

[Dean]

Having smaller contracts is always beneficial from a resale standpoint. The problem with this approach on the buy in is you will likely pay more per point and have two closing costs. You may also end up with separate contracts which has pros and cons. Of course there are variations like buying 150 at OKW then doing add ons through DVC for various more difficult resorts (BCV, BWV, VWL) so you have home resort priority and can essentially guarantee periodic reservations at each.

I think the answer to your stated question is it depends on how likely you are to have to sell part in the future and how much the "buy where you want to stay" applies to you. Maybe you could buy less now and see how it goes. DVC may come out with other resorts in the future that you feel you must buy at (CR, AKL?).