SSR add-on $61 Per Point?

[robinb]

This is very interesting. I'm having a hard time following the 2 incentives so I called up my guide. I'll let you know what she says.

 

[athenna]

Is this right? LOL! I swore I was not adding on anymore, but if they are giving the points away, I will take them. THIS IS FOR SSR add-ons only!

I spoke to my guide this morning and this is how she explained the new incentive to me with a March UY 120 point add-on:

$95 ppt minus $8 because Im not getting 2004 points. $5 discount if I were.

Because Im adding 120 points, I would get the 100 bonus BCV points (no bonus points for less than 120). The bonus points will be awarded to your Master Contract, which is your original (first) contract over 150 points. For me that would be BCV. Bonus points are NOT developer points and can be used or banked/transferred and used for DCL, Concierge etc. Bonus points are available for use in 48 hours or less because they need to be added to your Master contract.

No 2005 dues on the 120 points. DVC will pay them.
No dues payable on the bonus points.

So I did the math:

$95-$8=$87 per point x 120= $10,440
2005 dues on 120 SSR points prorated from May (what I would have paid)=
-$309
2005 dues on 100 BCV Bonus points not prorated = -$425
Rent 220 points at $10 to $12 per point=-2200 to $2640 (avg. -$2420)

Totals $7286 for 120 points or $61!

Not to mention, Disney Visa has 6 month 0% interest on the first 10% of your downpayment when purchasing DVC. The $8 discount counts toward the 20%downpayment so I can put the remaining $180 cash down and pay off my Downpayment over 6 months.

My payments would start right after closing which would be approx. 6-8 weeks.

Not saying Im going for it, but that is a helluva deal if you don't mind renting out the points, which I dont have a problem with.

I'm sorry if this has all been asked a million times, but I'm totally confused (but intrigued!) I am a new member, haven't made the first trip yet. I have 150 points at SSR. Say I wanted to take this incentive. I think I need it spelled out to me, like I'm 4 years old The more I think about it, the more confused I get, but the more I want to do it.

 

[LIFERBABE]

Okay I feel better today! and hopefully clearer!

The new incentive for add-ons is:

$95 per point
-$8 per point incentive
If you purchase 120 points or more you will receive 100 bonus points. One time only. 2005 UY. Added to your master contract.
DVC will pay your 2005 dues
No dues on the bonus points

There may be some 2004 UY's left. If you add-on a 2004 UY your incentive decreases to $5 per point. Everything else is same as above.


New Members (that currently do not own DVC) will pay:
$95 per point
-$8 per point incentive
must purchase 150 points or more
DVC currently is selling Sept 2005 UY or later to new members.
Would not receive 2004 points

New Members may choose to forfeit the $8 and receive 100 or more developer points (depending on size of contract) for use immediately. They will still receive their 2005 allotment at the beginning of their UY.

HTH!

 

[sjdisneywedding]

so anyone know how long this is going on?

 

[athenna]

Okay I feel better today! and hopefully clearer!

The new incentive for add-ons is:

$95 per point
-$8 per point incentive
If you purchase 120 points or more you will receive 100 bonus points. One time only. 2005 UY. Added to your master contract.
DVC will pay your 2005 dues
No dues on the bonus points

There may be some 2004 UY's left. If you add-on a 2004 UY your incentive decreases to $5 per point. Everything else is same as above.


New Members (that currently do not own DVC) will pay:
$95 per point
-$8 per point incentive
must purchase 150 points or more
DVC currently is selling Sept 2005 UY or later to new members.
Would not receive 2004 points

New Members may choose to forfeit the $8 and receive 100 or more developer points (depending on size of contract) for use immediately. They will still receive their 2005 allotment at the beginning of their UY.

HTH!

Thanks so much, Liferbabe!! You rock!
My 1 last question- if we got the 100 bonus points, they have to be used by the end of 2005, is that correct?

 

[LIFERBABE]

Thanks so much, Liferbabe!! You rock!
My 1 last question- if we got the 100 bonus points, they have to be used by the end of 2005, is that correct?

You're welcome Athenna!

The bonus points are treated just like your regular points. You can use them or bank them. They will have your same UY.

 

[athenna]

You're welcome Athenna!

The bonus points are treated just like your regular points. You can use them or bank them. They will have your same UY.

Oh, you can bank them! Cool! Now, I think I really want to do it!
I think I'm going to call my guide Monday afternoon and see what she says.
If I banked them, I could have a nice big trip next year! WOO-HOO!

 

[GCM13]

If we have an Oct. UY, will we have to wait until Oct. 2005 to get bonus points even though we are still in our 2004 year (unless we borrow)?

 

[lllovell]

AAAAAAAAAAAAAA lock this thread...no no - delete it....get it out of my sight...I keep coming back and thinking "what if what if what if" and I KNOW I will need more points in 3 years (baby in tummy makes 5..so we will need a 2 bedroom in 2008)...


heaven help me!

 

[athenna]

AAAAAAAAAAAAAA lock this thread...no no - delete it....get it out of my sight...I keep coming back and thinking "what if what if what if" and I KNOW I will need more points in 3 years (baby in tummy makes 5..so we will need a 2 bedroom in 2008)...


heaven help me!

Lol, I'm feeling your pain. I am so obsessed with the thought of an add on right now, that I can't even think about anything else.

 

[Johnnie Fedora]

Maybe they are worried too many new owners are buying SSR with the intent of always trying to move resorts at 7 months. If they get existing owners from other resorts, these owners will be purchasing with the idea of spending time at SSR. Just a theory.

Maybe existing members have tended to buy up extra points at BCV,BWV, VWL, and OKW. This incentive may be a way to encourage existing members to buy SSR instead??

 

[LIFERBABE]

If we have an Oct. UY, will we have to wait until Oct. 2005 to get bonus points even though we are still in our 2004 year (unless we borrow)?

The bonus points are manually added to your account so they will put them in your 2004 UY (current UY)

You may be able to request of your guide to have them added to your 2005 UY because of banking windows. (not sure, on this but you could definitely ask)

 

[tjkraz]

Maybe existing members have tended to buy up extra points at BCV,BWV, VWL, and OKW. This incentive may be a way to encourage existing members to buy SSR instead??

That's the exact thought I had, JF. While this promotion may be leading to a smaller profit margin on SSR sales, the margin is certainly MUCH higher than on BWV, BCV and VWL points. You've got dozens (hundreds?) of people sitting on a waiting list for points that could take months to materialize. DVC may just be experimenting to see how many of those propspects they can turn into immediate sales just by adding a bit more financial incentive.