SSR add-on $61 Per Point?

[disneyberry]

[SIZE=+0]Wait... am I understanding the incentive correctly? Add-on at least 120 points at SSR, and you get:

If you choose to receive 2004 points:

• Price of $90 per point
• 120 SSR points 2004 UY
• 120 SSR points 2005 UY
• 100 Bonus Master Contract points (which UY?)
• No Dues until January 2006, which means definitely no dues on 2004 points, and partial dues on 2005 points.

If you choose to "sell back" 2004 points:

• Price of $87 per point
• 120 SSR points 2005 UY
• 100 Bonus Master Contract points (which UY?)
• No Dues until January 2006, which means only partial dues on 2005 points.

I haven't been following the new incentive info, so someone please correct me if I've got it wrong.

Also, I'm fairly certain that technically you must report rental income on your tax returns.[/SIZE]

 

[LIFERBABE]

My UY is December. Can I add on 120 points and get a different UY or do I have to add 150 to get the incentives?

The 100 bonus points are for add-ons of 120 or more.
In order for you to get a different UY, you would have to buy 150 points or more which is considered a master contract. With a December UY, you may have better luck getting 2004 than I had with a March UY.

Not sure if they will make an exception for the 2004 points to be banked past banking guidelines. I didnt ask what 2004 UY's were available because I didnt want to have a different UY. Now Im thinking that may not be so bad.

The 100 bonus points can be banked, just like your regular points. These are not Developer points, which is what DVC normally uses an incentive. Developer points have all kinds of restrictions on their use. The bonus points will not.
_______________________

My opinion on the dues calculation not having to pay them for 2005 is that this is unlike any incentive DVC has ever offered. Normally you don't pay dues when you purchase because your building hasnt opened yet and you cant use those points until it does.

The points with this incentive are available for immediate use including SSR stays. The bonus points are available for immediate use and can be banked.

What other situation would allow you a dues-free stay on 220 points. Resale doesnt, and up until this incentive, DVC did not either.

If you are at a restaurant eating and the people at the next table take care of your bill because they can, did they not save you the cost of your dinner? Isnt that money in your pocket?
Im really trying to see the flip on this so please bear with me.

If the $1200 counts against me in the calculation, why cant the dues count for me?

I thought it would be good to "flush out" the new incentives because they are something totally different than what has been offered in the past.
So again I appreciate all the help.

 

[TheBeast]

Please clarify - the 100 BCV points are one time only, right? You're not saying you get 100 more points for the life of contract,are you???

 

[LIFERBABE]

Please clarify - the 100 BCV points are one time only, right? You're not saying you get 100 more points for the life of contract,are you???

The 100 bonus points are a 1 time deal and will have a 2005 UY.

Wait... am I understanding the incentive correctly? Add-on at least 120 points at SSR, and you get:

disneyberry,
You will not have to pay any 2005 dues on your add-on or the bonus points.

 

[sjdisneywedding]

The 100 bonus points are for add-ons of 120 or more.
In order for you to get a different UY, you would have to buy 150 points or more which is considered a master contract. With a December UY, you may have better luck getting 2004 than I had with a March UY.

Not sure if they will make an exception for the 2004 points to be banked past banking guidelines. I didnt ask what 2004 UY's were available because I didnt want to have a different UY. Now Im thinking that may not be so bad.

The 100 bonus points can be banked, just like your regular points. These are not Developer points, which is what DVC normally uses an incentive. Developer points have all kinds of restrictions on their use. The bonus points will not.
_______________________

My opinion on the dues calculation not having to pay them for 2005 is that this is unlike any incentive DVC has ever offered. Normally you don't pay dues when you purchase because your building hasnt opened yet and you cant use those points until it does.

The points with this incentive are available for immediate use including SSR stays. The bonus points are available for immediate use and can be banked.

What other situation would allow you a dues-free stay on 220 points. Resale doesnt, and up until this incentive, DVC did not either.

If you are at a restaurant eating and the people at the next table take care of your bill because they can, did they not save you the cost of your dinner? Isnt that money in your pocket?
Im really trying to see the flip on this so please bear with me.

If the $1200 counts against me in the calculation, why cant the dues count for me?

I thought it would be good to "flush out" the new incentives because they are something totally different than what has been offered in the past.
So again I appreciate all the help.

I get what you are saying. But its your wording that is confusing.

You do not pay the dues for 2005 thereby taking that money and putting it toward the downpayment. So instead of paying 300 or whatever for dues you take that money you would of normally spent and apply to the downpayment thereby reducing price per point

I can agree

 

[LIFERBABE]

I get what you are saying. But its your wording that is confusing.

You do not pay the dues for 2005 thereby taking that money and putting it toward the downpayment. So instead of paying 300 or whatever for dues you take that money you would of normally spent and apply to the downpayment thereby reducing price per point

I can agree

Yes!!
Im working on no sleep so Im sorry to be so confusing! LOL!

DVC is paying my Dues for 2005, therefore reducing my costs to own those points.
Im a brunette, really I am! LOL!

 

[Beca]

I have a question. Where are these "bonus" points coming from? If they are DVC inventory (about 3%)....aren't those the rooms that usually get "held back" for repairs or rented out?

How can they possibly give everyone an extra "100 points" at their home resort next year without REALLY screwing things up?

Why am I frightened?



Beca

 

[mrsminniemouse]

This incentive sounds good!

My UY is August. If I took the Aug 2004 points (would be rude not to at $3 a point ) would the normal banking restrictions apply?

My master contract is 450 points at SSR. In September 04 I used 486 points so all my 2004 points are used plus I borrowed 36 from Aug 2005.

If I add on 120 points, will the Aug 2004 points clear up the 'debt' plus leave me 84 to use before end of July 2004? I dont understand how to calculate the banking deadlines for those 86 points.

Then in Aug 05 will I get:
My regular 450 points
My add on 120 points
plus 100 bonus points?

Mandy (very confiused- need to call guide!)

 

[billyb1]

Normal Banking restrictions apply.

If you took the 04 points on a August UY, You would have 570 '04 points (450 + 120). and you used 450, so you have 120 left. (the borrowed points stay borrowed)

Your banking would be:
1/31/05 for all 570
04/29/05 for 285
05/31/05 for the last 142.

If you banked all the 04 points. 05 would give you 754 points!

414 from the original 05 UY (450 - 36 borrowed to 04)
120 banked from 04 add-on
120 from 05 add-on
100 bonus points.

Thats quite a few points! and 634 (all but the 04 120) can be banked into 06, giving you 1204 '06 points.

 

[mrsminniemouse]

Thanks billyb1, that makes sense. That is a lot of points

Our DD is 2 this May. We dont really need the extra points now as she is so young and not at school, but we are English so the dollar is cheap for us now, this incentive is tempting and we have the funds now. Maybe we should do the add on while the going is good. If we have another child and when DD is bigger we may want to stay in 2 bed villas and travel during school holidays. Perhaps we should prepare for the future now! (trying to convince myself!)

Thanks for your help!

Mandy

 

[billyb1]

I just bought the same deal.

Suddenly Friday and Saturdays don't scare me as much!

Bill

 

[tjkraz]

I have a question. Where are these "bonus" points coming from? If they are DVC inventory (about 3%)....aren't those the rooms that usually get "held back" for repairs or rented out?

They shouldn't be coming from the maintenance allocation. Here are a few sources I can think of:

1. Magical Beginnings. When people take the $10 buyback offers on their initial contracts, DVC keeps the first year's points. It's been a while since DVC did any true MB promotions due to the lagging SSR construction schedule, so I'm not sure how much of an impact this might really have.

2. People who use their points for things like cruises, Disney Collection, Concierge Collection, etc. DVC takes the points and makes some cash payment to the establishment offering the alternate accommodations. They own the points.

3. ROFR contract buy-backs that either sit in DVC's inventory or have banked points included.

 

[cruise-o-matic]

I'm curious as to where these '04 points are coming from. Did DVC overestimate the # of buyers who would rather take the 150 points over the $10 off?

Why is DVC offering such a sweet deal? Was the 2 free AP deal not doing well? Have SSR sales suddenly cooled off?

Finally, what incentives are being given to 1st time buyers?

I'd love to take advantage of this deal, but we just bought a 200 pt HH contract, Dec UY, with 55 banked '03 points and all '04's. We're going to use the banked points in Sept and bank the '04's so we'll have 396 going into our next UY. Makes it kinda hard to justify getting more, but oh so tempting.....

 

[JimMIA]

I've read all the way through this thread, and I don't see this question asked and answered, so I'll pose it.

If I buy a NEW contract at SSR, they are now selling September use year. Do I have the option of '04 points for that? I think not, but I'm not sure. If I get '04 points, can they be banked? (banking deadline is bye-bye)

Can I do an immediate add-on, or do I have to wait for closing and hope the incentive is still there? If so, same questions as above -- do I get '04 and are they bankable or use/lose

I understand the 100 points.

The dues incentive was quoted to me as "the first year," and the way it was explained it sounded like it was actually more than that. I am pretty sure my guide said they paid all dues until 1/1/07, which in this sceanario would be 1 year and 4 months.

[This may be a misunderstanding on either her part or mine, 'cause she called me from home on her day off and didn't have all her info right in front of her.]

 

[GCM13]

JimMIA, if you buy points now with a Sept. use year, you would be getting '04 points. The use year goes from Sept. 1 - Aug. 31. So you would still be in the '04 use year. 2005 use year will begin in Sept. '05.

 

[Beca]

I've read all the way through this thread, and I don't see this question asked and answered, so I'll pose it.

If I buy a NEW contract at SSR, they are now selling September use year. Do I have the option of '04 points for that? I think not, but I'm not sure. If I get '04 points, can they be banked? (banking deadline is bye-bye)

Can I do an immediate add-on, or do I have to wait for closing and hope the incentive is still there? If so, same questions as above -- do I get '04 and are they bankable or use/lose

I understand the 100 points.

The dues incentive was quoted to me as "the first year," and the way it was explained it sounded like it was actually more than that. I am pretty sure my guide said they paid all dues until 1/1/07, which in this sceanario would be 1 year and 4 months.

[This may be a misunderstanding on either her part or mine, 'cause she called me from home on her day off and didn't have all her info right in front of her.]

Jim,

I am not sure if 2004 points could be banked (you're right...the 100% banking window ended last week). But, you are still at a 50% banking window....and, here's the scoop on how that works. The 50% banking window is 50% of your TOTAL points. Say you bought 150 pts at SSR, and took the incentive to sell your 2004 points back to Disney. You then added on at SSR (something, I could be wrong about....but, I think you can add-on almost immediately...ask your guide this) 120 points. You now have a total of 270 points. In March, you can bank 135 points (50% of your total), so you can still LEGALLY bank all of your 120.



Beca

 

[LIFERBABE]

If I buy a NEW contract at SSR, they are now selling September use year. Do I have the option of '04 points for that? I think not, but I'm not sure. If I get '04 points, can they be banked? (banking deadline is bye-bye)

The way my guide explained it to me yesterday, is that new purchases of 150 points or more, would receive the $8 incentive and a Sept. 2005 UY. The first set of points would be issued in Sept 2005. There would be no points for 2004 that's why they are offering the $8 incentive.

The incentive before March 1st was $10 and now it is $8 so they are obviously on schedule for sales because they reduced it.
SSR is still selling very well and new purchasers are buying into buildings that havent been completed yet.

She said they do have some Dec UY 2004 points, but they are using those for current members that want to add on.

 

[JimMIA]

Thanks everybody. I think those responses cleared up what I was wondering about. If I get to the point where I need any more than that, I'll be at the point where I need stuff in writing from my guide.

Thanks again.

 

[mydogdrew]

The way my guide explained it to me yesterday, is that new purchases of 150 points or more, would receive the $8 incentive and a Sept. 2005 UY. The first set of points would be issued in Sept 2005. There would be no points for 2004 that's why they are offering the $8 incentive.

The incentive before March 1st was $10 and now it is $8 so they are obviously on schedule for sales because they reduced it.
SSR is still selling very well and new purchasers are buying into buildings that havent been completed yet.

She said they do have some Dec UY 2004 points, but they are using those for current members that want to add on.

You're probably right re: SSR sales but I always question their motives. Whis the ratio of point sales between existing members and new members? I think its clear based on recent promotions that DVC is targeting marketing towards existing owners. If anyone has any info on this ratio I would be interested. From the perspective of existing owners, it is hard to conclude other than the SSR price has been going down since the $95 change.

 

[SoCalKDG]

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.