Qustion, opinions selling back for down payment

[BuzzandWoody]

I am thinking $ wise to not sell back the points for the down. It is convienant for the $1000 but it seems like you are giving up alot, although we get our 210 this December. But with the add'l we could do a cruise next year.

LOL I just went to look up the points needed and realized my dh took the book on his business trip.

What do ya'll think?

And we started paperwork on Fri for WLV and said we wanted to sell back, can we change it?

Thanks

 

[drusba]

Note, the 210 points you would get now would be those issued December 2000; thus giving you a full copliment right away and another 210 to come in Dec 2001.

Nevertheless, I recommend against the buyback. Until recently, the buyback was at $10 a point. At that price it was OK because that is essentially the going rental rate for points (i.e., you could rent them at that rate). The buyback is now $5 a point for VWL. If you just bought the whole package and then rented out half through the rent/trade board on this site you would be better off. That $5 per point price is way too low to give up those points.

 

[BuzzandWoody]

I thought we get the 210 from 12/2000 and 210 current. Which would be the sell-back. then we get 210 in Dec. So if we sell back which I don't think we will do....'
We still get our points in Dec.

I put a call into our guide and left a message that we did not want to use them.

So if we do the sell back we don't have any points till 12/2002???

 

[Tiggeriffic]

Your current points are the 12/2000 points. You don't get the 2001 points until this December. So, if you sell points back you would be selling the 12/2000 points and you would get your next allotment in 12/2001.

You get the points in your "use-year" month. Hopefully, this makes sense.

 

[Richyams]

Buzzy, your understanding is correct. dsruba confirmed your understanding by saying the same thing. I am not sure where you see a difference.

it looks like this:

yes,
yes,
yes? what do you mean yes, I thought is was yes?
yes

The four previous posts are all saying the exact same thing.

 

[BuzzandWoody]

I was confused and sometimes it just helps to talk it through. We are also gonna do only 10%down but finance for 7 which is actually less than 20% down for 10 years.

And keep the points!

Thanks for the help!!!